Gavekal Capital: North American Growth Expectations

Friday, October 11, 2013

North American Growth Expectations

Over the next 4 years, the Energy sector has the highest hurdle to clear in terms of growth expectations of any sector in the MSCI North American index. Looking back at the past 10 years, the double-digit sales growth expectation seems feasible. However, 17%+ growth per year in earnings would be a significant step above what this sector has achieved in the past decade.