(Rite Aid has) new management. They've made some mistakes in the past both in terms of communication- or accounting-type problems that derailed the stock. Also, fundamentally they over-expanded, ... But I think those are primarily behind them. |
[A safe Independence Day] would be a good psychological boost, but we need some fundamental news as well, |
[However,] there's some concern as to what 25 basis points will really do, ... The time to look at the Fed's impact on stocks may not really be tomorrow, but rather Thursday. If we only get 25 points and then weekly jobless claims are really poor, you could see some selling. |
[Payne's second selection is travel firm Cendant.] It has four or five different household names in terms of travel. When Enron popped up, this stock went from $21 to $15 almost for no reason except they were guilty of some accounting issues in the past, ... I think the company is starting to recoup its reputation. I think when the stock gets above $20 it's going to attract a lot of buyers. |
[Shares of Qualcomm, which rose 2,622 percent in 1999, fell $7.19 to $82.19 Friday.] Fortunes can change and can reverse themselves and I think there is a lot of quality out there both in and out of tech, ... I hope investors aren't so cynical that they don't want to participate. |
A lot of [financial companies] report this week. This might be some speculation that we'll see some visibility from the group. |
A lot of this is investors assuming that things are going to get better. |
a real powerful mix for some kind of recovery. |
After having a weekend to think it over, [Friday's trading session] didn't erase all the uncertainty that's out there. |
After the Cisco announcement there was a swarm of activity. Investors came in ready to buy. A lot of if is oversold bouncing, but I see slightly better enthusiasm. |
After this week, this is to be expected, especially on a Friday ? a lot of people want to book profits ahead of the weekend. |
All the focus is on the blue chips but there's renewed optimism. People are using these opportunities to buy these stocks on weakness, and what investors are starting to learn is it's a selective process. You want to participate but you want to be cautious. |
All the recent data are sending signals that the Fed doesn't need to raise rates anymore, |
All the signs say they (the analysts) may be right. |
And Concord (is) electronic commerce. Anytime you go into the grocery store and you pay for your groceries with your credit card and you swipe it, you're actually using a Concord. And they own 70 percent of that market ... So, I always bet on monopolies, |