ClearBridge's Vitrano: Time to invest in unloved US 'turnaround stories'

'Secure growth companies could be toppled by turnaround stories'

Margaret Vitrano, a manager at ClearBridge, has said the valuations in US cyclical stocks have become too attractive to ignore.

Vitrano (pictured) said "market nervousness" and the lack of economic growth in the US had caused investors to focus on secure returns instead of stocks which had attractive valuations. She said: "There is a dearth of growth and this explains why high-flying internet companies performed well in 2015 and 2016. There has been a focus on secure return and a very low appetite for turnaround stories because of market nervousness." Big Question Part I: Have investors become too optimistic about the impact of a Trump presidency? However, she argued secure growth companies in the US could ...