The View From The Trenches Helps Put Current Worries Into Context
By Lori Calvasina
Published October 15, 2021 | 6 min listen
In this episode, we run through the results of our latest quarterly RBC analyst survey, in which we poll the firm’s equity analysts on the outlooks for the industries they cover. The big things you need to know: First, outlooks for performance over the next 6-12 months remain optimistic, driven by constructive views on fundamentals, valuations, and cash deployment. Second, our analysts tilt most positive on Financials, Energy, Information Technology, Utilities, and Health Care, and least positive on REITs and Industrials. Third, policy outlooks generally remain cool, though it’s worth noting most see higher corporate taxes as a moderate problem for earnings and performance as opposed to a major one. Fourth, while margin expectations have eased only a handful of our analysts consider supply chains to be a major problem for the industries they cover.
Lori Calvasina
Managing Director & Head of U.S. Equity Strategy, RBC Capital Markets
Lori Calvasina joined RBC Capital Markets as Head of U.S. Equity Strategy in 2017 as a Managing Director. Having spent nearly two decades as an equity strategist at major investment banks, Lori is an expert on the US stock market, and regularly represents RBC in the financial media on Bloomberg and CNBC. Prior to joining RBC, Lori was a senior equity strategist at Credit Suisse from 2010 to 2017, covering Small/Mid Cap Strategy from 2010-2014 and both Small/Mid Cap and US Equity Strategy from 2015-2017. She spent the first ten years of her career at Citi in a variety of roles including lead Small/Mid Cap Strategist from 2007-2010. In both 2008 and 2009 Lori was ranked #2 in the Small Companies category in the Institutional Investor All America Research team poll. Lori is a graduate of the University of Virginia and its selective Government & Foreign Affairs’ Honors Program. In 2019, she was named to Crains New York’s list of Notable Women in Finance.
Equity MarketLori CalvasinaMarkets in Motion PodcastRBC Analyst Survey