Commodity companies are benefiting from continued growth. We expect they will keep doing well as the global economy expands. |
Corporate results are coming in a fairly decent way and are better than expected, the market is clearly focusing on the ones that surprise on the upside and are hammering the ones who disappoint. |
Every negative development in the oil price slams the energy stocks. Oil companies are increasingly dependent on higher oil prices because their own costs are also rising. |
For the time being I wouldn't panic or read too much into (the oil price), but if it goes even higher or if it remains at such a level for an extended period, it could become a drag on the economy. |
It's a cash machine. The company is well positioned for growth in Latin America and Asia. |
People are a bit concerned about higher inflation and pressure on profit margins. After a strong run in the first quarter, it is healthy and normal to have a pause for breath. |
Steel stocks are cheaply valued, they're cyclical, they're very well known for their capital destruction during downturns. Now instead of increasing capacity, they're buying capacity or buying competitors. |
The mood is very positive. Earnings are supportive, the economic data is supportive and there's an M&A frenzy. We think inflation will remain contained. |
The mood is very positive. Earnings are supportive. |
The results were of fairly high quality. |
The sentiment now is outright bullish. |
The whole sector is going through the roof. Everybody is guessing what could be the next target. |
We're still positive on the stock. It's clear that ABB, after a downturn, is benefiting from strong demand. That's very positive, not only for the results but for the outlook in 2006. |