Justin Lahart

speaker

1,185 appearances 22 recordings 1 series first heard Jul 2017 last heard Dec 2024

Justin Lahart’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Thank Foreigners for Dow 22000 · 3 Aug 2017 podcast

Right.

But generally speaking, the more exposed a company is, the better its stock is done this year.

If you take a look at what's happened, let's look at the U.S.

The U.S.

is just sort of growing at the same pace for years and years and years.

In the meantime, the job market is getting stronger.

So wage costs, labor costs are going up.

That makes it hard to generate a lot of profits growth.

Contrast that to someplace like Europe, right?

So Europe was really on its back for a long time.

Now it's starting to do better, right?

We even have the European Central Bank thinking about pulling back some of their stimulus, right?

That's a big change.

When an economy first starts getting going, profits go up a lot, right?

Because the sales go up way more than the costs go up.

So you get this sort of multiplier effect on your profits or this magnified profit growth effect.

That's what's happening in a lot of places overseas.

So companies that do a lot of business overseas where they have operations, they're getting that big kind of profit push.

And investors know that and they expect it.

And that's one of the reasons that those companies are doing well.

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