The U.S. economy looks ordspråk
The U.S. economy looks stable. Easing concern over interest rates prompted investors to buy back the stocks including technology shares that they had sold.
Atsushi Osa
The idea is that interest rates will affect the old-economy companies more, because they are more interest rate sensitive. You will probably have less of an effect on technology stocks, and there is a lot of bargain-hunting going on. I think investors are a little more comfortable coming into these blue chips down 30 percent.
Barry Hyman
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John Pullo
Skryt
Investors are avoiding large-cap technology shares before Friday's SQ and GDP. Instead, they are picking up individual stocks that offer a special interest, such as biotech stocks.
Hiroshi Sato
Fears of inflation and of higher rates were a major concern for investors, and with today's numbers showing a benign increase in consumer prices, it's no wonder the stock market is reacting this way. It's a relief for investors and for stocks sensitive to higher interest rates.
Edgar Peters
(
1974
-)
I think investors have to play technology if they're going with the Fed. You have to look at the technology stocks. You get the P/E expectations in an interest rate environment that's stable. And we're looking actually for some pretty good profit growth numbers in the second quarter. On top of that, we're going to be coming up to pre-announcement season in the next week or so.
Chris Wolfe
Higher interest rates are an impediment to companies where cost is important and that's Old Economy stocks, ... What we are seeing is a defensive move into technology stocks.
Barry Hyman
The U.S. economy is the key to export stocks. Automakers and technology shares may rise further once investors confirm the country's economic strength.
Tsuyoshi Shimizu
We view the rate cut positively for the technology sector for the short term. Looking back to 1998, when the Fed unexpectedly cut interest rates, the tech sector outperformed thereafter. We believe the rate cut may be the catalyst for better performance in technology stocks that many investors have been looking for.
Steve Milunovich
We view the rate cut positively for the technology sector for the short term, ... Looking back to 1998, when the Fed unexpectedly cut interest rates, the tech sector outperformed thereafter. We believe the rate cut may be the catalyst for better performance in technology stocks that many investors have been looking for.
Steve Milunovich
The defensive area I think investors can go into during times of volatility are utility stocks, (as well as) growth stocks such as drugs, food and tobacco. Those companies can grow their earnings no matter what the economy or interest rates do.
Tony Dwyer
You have to consider concerns about the economy and interest rates. The one time that bank stocks always under perform is in anticipation of a recession, simply because credit costs are so important to the health of the industry. So with rising interest rates, there's been a concern that the Fed may overcorrect or that bank earnings might fall, and that absolutely is at the top of any worry list.
Diane Glossman
We are seeing a pullback on stocks because many investors are concerned with the outlook for interest rates and with the economy at the start of 2006. The rebound in oil in the past couple of days is also hurting some stocks, especially the ones related to consumer spending, such as retailers.
Subodh Kumar
Some technology stocks are being cut because of concern that high oil prices and rising interest rates will hurt demand for electronics.
Simon Chao
There's a lot of concern about the economy growing slowly, and investors are really looking for the place where they can get stable, predictable earnings growth. And the kinds of stocks that tend to give you that are large cap consumer names and the big drug companies.
Claudia Mott
We are still seeing buying of interest-rate-sensitive stocks. Investors believe the U.S. economy is slowing more than they thought and the U.S. may now cut interest rates by more than 100 basis points next year, instead of just 75 basis points.
Frederick Tsang
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