All the non-tech players have been hiding out and making money, but now that's starting to wither away. |
And (Chase) is trading at 10 times next year's earnings. I think the stock is very cheap from a valuation basis, and it's not something that will move immediately. There are cost restructurings to go into this merger; but over time, I think the stock looks good. And I have a 12-month target of around $60 on that, |
And (Chase) is trading at 10 times next year's earnings. I think the stock is very cheap from a valuation basis, and it's not something that will move immediately. There are cost restructurings to go into this merger; but over time, I think the stock looks good. And I have a 12-month target of around $60 on that. |
Any conglomerate is going to come under question. |
Anybody who has all their money in one sector is making a big mistake, |
Anything goes this week. You had a great week last week and it shows there were buyers willing to come in just on the thought of stabilization. |
Anything that shows the economy is slowing will be taken very well by the market. But the Fed is still out there and I don't think we should get used to the (idea) the Fed going to stop (raising rates) in June. |
As long as we continue to see good earnings and the reaction to good earnings positive, then you will see Nasdaq as the sector of choice. The Dow is being weighted by this conflicting (economic) story -- stronger consumer spending and OK-looking inflation numbers. But the tech (sector) is merrily rolling along. |
As we get through the earnings in the next few weeks, we'll see some positive surprises, which should help stabilize the market. And then, once we get past the election, I think we're going to see a pickup. |
At the same time, there is this increased market volatility that exaggerates these swings. |
Based upon how we've seen retail stocks perform, any continued low (consumer confidence) number puts a crimp in the Christmas spending story, |
Based upon how we've seen retail stocks perform, any continued low (consumer confidence) number puts a crimp in the Christmas spending story. |
Better-than-expected LEI implies a strong economy. It also implies higher interest rates. |
Biotechnology is not going away and if investors are looking for an entry point, this might be it. |
Cisco's story was that inventory concerns and demand driven problems are not fixable as early as Wall Street expected, ... People are understanding the impact of what Cisco said. Wall Street wants to believe things are rosy in that sector and they're just not. |