As we wrote today, it's always darkest before dawn. I think most of the selling is probably overdone. |
Excellent acquisitions, ... Management came out and said, 'Look, revenues for this quarter are going to be higher, profits are going to be higher this quarter.' The fundamentals are very strong. To us, they look great. So I think the stock is poised to do well. |
For (the fourth) quarter, there's just nothing to get excited about. Now, the question is: Where do the companies see things going? |
Greenspan is raising rates, and he is targeting the consumer. This is a natural reflection of what is happening out there. |
I think I would stay with it, ... It's been a fairly good component in consumer products: cell phones, PCs, all the way across the board. They're very diversified, and if consumer products sell well during the holidays, National will see the results. |
I think investors should be focused on several key areas, because at the end of the day you really want to be focused on earnings momentum, |
I think that the PC, the PC peripheral, and the semiconductor space is in a pretty big slowdown period right now, and I don't see this abating anytime before the summertime. Maybe the PC market picks up a little bit in the second quarter, but really you are looking at summer before it starts to come back, |
I think that the PC, the PC peripheral, and the semiconductor space is in a pretty big slowdown period right now, and I don't see this abating anytime before the summertime. Maybe the PC market picks up a little bit in the second quarter, but really you are looking at summer before it starts to come back. |
I think that until we get further indication, probably in the next Fed meeting, of where the Fed is in terms of raising rates, that the market's going to stay in a range. After we get that, the fundamentals behind tech are so fantastic, that it's going to yield some support for the second half of the year. |
I would be very surprised to see this spill over for a prolonged period of time. |
If you think about what has really led the Nasdaq for the past six months, ... the answer has been exceptional growth rates. If you're a company with these phenomenal growth rates, your stock has gone to the moon; if you actually make money, you've languished. That's been a reversal, and that is good for right now. So if you look at areas such as semiconductors, enterprise hardware, software and wireless I think these types of companies are all going to all deliver strong earnings. |
Institutions and the smart money out there has been owning a lot of these higher P/E stocks, to participate in the good earnings, and they've been getting the good earnings. But the problem is that the stocks haven't been running up into those earnings. So they're not getting paid for that higher P/E risk. |
Internet companies tend to do extremely well during earnings season because most of them aren't earnings stories yet, |
It looks like it's going to continue going forward, ... We'll be looking at Nasdaq 5000 before we know it. |
It looks to us like you're starting to get that bottoming phase, |