Another volatile session is underway for the U.S. markets as stocks look to be on track to cut January as a loss. Investors are feeling uncertain with a disappointing Q4 GDP report showing the economy grew much slower than expected last quarter. Lower oil prices and a stronger dollar are historically positives for the economy. For the most part, Wall Street has kept its focus on earnings and this week has been a busy one, full of reports. Bob Phillips is the Managing Principal at Spectrum Management Group and thinks ‘earnings will be an overall positive surprise as the year progresses.’ Phillips also likes Priceline (PCLN) and Delta Airlies (DAL) as plays on the European economy.
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