The Globe and Mail reports in its Tuesday edition that prominent BofA Securities quantitative strategist Nigel Tupper believes that recent market volatility has obscured a global profit outlook that is extraordinarily bullish and broader than most investors believe. The Globe's Scott Barlow writes that Mr. Tupper recommends what he calls "Global Steady Compounders," the result of a stock screen that includes three Canadian companies -- Toromont Industries, Franco-Nevada and Constellation Software. Earnings momentum is a critical driver of equity returns. Mr. Tupper reports that the global earnings revision ratio, the number of companies increasing earnings forecasts divided by the number lowering estimates, is well into positive territory at 1.35, a five-year high. The revisions ratio is above 1.0 in all global regions. The strategist reports a reshuffling of market leadership within the artificial-intelligence investing theme. Previously, bouts of volatility ended with semiconductor stocks leading the way higher. This time, however, software stocks are spearheading the recovery -- up 22 per cent in the past month alone.