Dennis Mitchell on why estimates are always higher at the start of the year and opportunities on REITS
Dennis Mitchell, CEO and chief investment officer at Starlight Capital, joins BNN Bloomberg for his view on the earnings season and finding opportunities in REIT stocks. Mitchell says earnings estimates always come down as the year progresses for several reasons including macro challenges companies did not anticipate. Furthermore, he also reminds investors that REITs should not be looked at as Bond Proxies as they don't perform the same during tightening cycles