Calvert's Streur eyes value, recently exited Twitter

(Reuters) – Value stocks are poised to catch up with better-performing peers if Washington passes new stimulus spending or similar actions to restore economic growth, the chief executive of Calvert Management and Research, John Streur, said.FILE PHOTO: John Streur, CEO of Calvert Research & Management (currently owned by Eaton Vance Corp) is seen in this undated handout photo. EATON VANCE CORP/Handout via REUTERS. Financial and industrial stocks, as well as some utility companies, “seem likely to play a bit of catch-up and make up for the ground they lost” compared with growth stocks like technology companies, said Streur, who was interviewed on Monday for the Reuters Global Investment Outlook Summit 2020.For example, he said, utilities or transportation companies would benefit from extra spending by business customers if they had new money from the government, seen as more likely with the incoming administration of President-Elect Joe Biden.“The biggest impact of the election is the hope that we’ll have significantly more stimulus,” even if Congress remains divided, Streur said.Value stocks have lagged many growth portfolios this year as the coronavirus pandemic shut down much of the U.S. economy and sent some technology companies soaring – “pandemic darlings” Streur called them.Others also have…
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