Quality Value Has Room To Run: Verizon (VZ), Allstate (ALL)

Earnings momentum remains strong, with 62% of all estimate changes for 2021 coming through as upgrades, says Ernesto Ramos of BMO Global Asset Management U.S. A high percentage of upgrades are in the reflation sectors, he adds. They think there is still room to run in the quality value names, such as Verizon (VZ). He discusses the proposed infrastructure plans and how it affects the market. He likes Allstate (ALL) and says it trades at seven times earnings and is cash flow positive.

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Quality Value Has Room To Run: Verizon (VZ), Allstate (ALL)

Earnings momentum remains strong, with 62% of all estimate changes for 2021 coming through as upgrades, says Ernesto Ramos of BMO Global Asset Management U.S. A high percentage of upgrades are in the reflation sectors, he adds. They think there is still room to run in the quality value names, such as Verizon (VZ). He discusses the proposed infrastructure plans and how it affects the market. He likes Allstate (ALL) and says it trades at seven times earnings and is cash flow positive.

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