Corporate America investing in itself is going to be what powers stocks higher
|05/26/2017||Posted by BusinessMediaguide.Com under General World News||
When it comes to boosting stock prices, few things are more important than the willingness of companies to invest in themselves.
With that in mind, bullish investors will be pleased to know that corporate capital expenditure is picking up.
Non-residential fixed investment — spending on things like machinery, factories, and commercial real estate — is up 3.1% on a year-over-year basis, according to Strategas Research Partners.
And while much has been made about the importance of consumer spending in the economy, Strategas argues that it’s less important than capex when it comes to share prices.
Consumer staples and discretionary companies account for 21.6% read more >>>