Nuveen's weekly commentary, led by Saira Malik, provides insights into earnings season and fixed income opportunities. Key highlights include:
• 75% of S&P 500 companies reporting so far have beaten earnings estimates, though growth is concentrated among a few large firms.
• Preferred securities have performed well this year, driven by favorable yields and strong bank balance sheets.
• Active management in preferreds, especially $1000 par securities, offers a tax-efficient option with compelling yields.
For a closer look at portfolio strategies amid economic shifts, access the full report.