It appears that operating earnings per share rose 6 percent to 7 percent in the second quarter, following a similar performance in the first. |
It is too soon to know how the situation in Iraq will unfold in the coming months, and the extent to which the new government can indeed control the country, ... But, for the present, investors seem relieved that the direction is not toward an increased level of U.S. involvement. |
Little of a fundamental nature, specific to the U.S. economy or corporate performance, has changed in recent weeks, |
My feeling is there are some good opportunities left in the Nasdaq, ... But investors have to be careful. |
No one will help us. The tanks remain in our front yard, and create dust and mess. When it rains, the mud is so bad, our children can't even go to school. |
Opportunities are likely to present themselves, especially given a 6- to 12-month time horizon, |
Our economic outlook still calls for real GDP (gross domestic product) growth averaging 3-4 percent in coming quarters. We believe that economic and profit expansion can persist for longer at the moderate pace we project, |
Ours is an economy that is solid at its core, |
Pre-announcements are almost always negative. |
recession fears are unwarranted for this year and the next. |
Smaller issues offer attractive relative valuation, following an extended period of share price underperformance, |
Such a 'flu shot' is now widely expected and would be unlikely to unsettle investors beyond a transitory period, |
The basic conclusion is that 1999-2000 will bring further gains in corporate profits, mild-mannered inflation and a generally favorable outcome for equity prices, ... Increasing confidence that the economic expansion will continue through our newly-extended forecast horizon encourages a modest upward revision in stock price targets. |
The global backdrop in 1999 will continue to offer impediments, but we expect Supertanker America to stay its course of moderate economic and profit growth, |
The global backdrop in 1999 will continue to offer impediments, but we expect Supertanker America to stay its course of moderate economic and profit growth, ... A supertanker is not necessarily fast or colorful, but it is steady and reliable and hard to push off course. |