The thought was maybe we'd get some snow. I don't think we've had much more than a half-inch since then. |
The whole thing with the government has not really weighed on this company at all, ... The company has continued to grow itself and sort of change its stripes from a ugly competitor to a more sort of new, friendlier Microsoft. |
There are certain areas (of the markets) that are obviously going to be dramatically affected with a Gore or a Bush victory, |
There are still a number of options on both sides of the water. |
There's some offensive linemen to be had. Linebacker is a pretty strong position. It looks like you can get some defensive linemen, but not a lot of them. Teams are going to different fronts and doing different things, so it creates more room for a different style of lineman. You'll take a different guy for a 3-4 team than you would a 4-3 team, so that creates a different look and view there. There are more of those 3-4 guys than there are 4-3 guys at end. |
These are interesting stories out there and they've adapted well to all of the turmoil overseas, |
These companies are responding very nicely to improved budgets for exploration and production going forward, |
These companies have very steady earnings growth, and they are servicing the Internet in substantial ways, the result of which is often bigger revenues bigger than a lot of the dot.com companies on Internet-related activities. |
They have not been attractive stocks to own this year because they've had trouble growing revenues, ... But now, all of a sudden, that nice steady growth in earnings -- coupled with the fact that because of the weaker dollar, their translated earnings from international sales are going to be much stronger -- (means) these companies are looking very attractive. |
They'll continue to see money flow go in and drive prices higher, |
They're on the right track for subscriber growth, ... But more importantly, they're starting to focus now on getting more money out of each subscriber. So one of the tricky things will be to get people to stop focusing purely on subscriber growth and start thinking more about revenue per subscriber. They've got their own sort of gathering area for shopping for e-commerce, for Christmas time. Remember e-commerce season starts now with back-to-school and peaks with Christmas. This is going to be a time of a lot of excitement in the Internet space and we think AOL is well positioned to take advantage of that. |
They've had a little bit of a workout today. We've been here every year, and we'll be here again next year. |
This data, all of it stronger than expected, probably gives (Fed Chief Alan Greenspan) more reason to be a bit more aggressive at the meeting next week. |
This is a time when you really start to favor industrial conglomerates overall, so if news would turn on GE and Tyco International, that could even be interesting because they're all out there in the same group. But right now 3M actually has the best fundamentals and so that's why we highlight that one, |
This is very good news for the technical side of the market. It means there's still enough money to float everything. It's not just the big-cap stocks, although I still think they remain the leaders. |