Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers.
Negative clinical news from a large biotechnology holding hurt results but we remain confident innovation in the healthcare sector will be rewarded.
Mega-cap technology stocks continued to outperform in a market that saw a broadening of leadership.
The current environment remains favorable for undervalued growth companies with strong competitive positions and healthy free cash flow generation.