Reaching inflation target of 2% could take until early next year: Brompton Group’s Laura Lau
Laura Lau, chief investment officer at Brompton Group, tells BNN Bloomberg the earnings season coming up could see downward revisions to guidance. She explains the reasons for her stock picks: Hershey (HSY NYSE), Waste Connections (WCN TSX), and Agnico Eagle Mines (AEM TSX). On Microsoft’s reported plans to invest in OpenAI, the owner of the popular AI tool ChatGPT, she says the tech giant is looking for the next growth engine, and will find a way to make money off the investment.