Look for stocks with better ability of earnings recovery: Chakri Lokapriya MD, TCG AMC

Chakri Lokapriya: What has happened is the corporate tax cut is like a line in the sand, going up to that event the market was negative, consumer confidence was low, corporate confidence was low and the companies were looking to downgrade their EPS estimates. But post the corporate tax cut, suddenly you have had a number of EPS upgrades ranging from 8% to 12%. Against this backdrop, what has remarkably shifted in a matter of week is confidence. Now we are going into the rest of this year with far greater confidence so which is positive for the market.