There's nothing much next week in terms of earnings, and not really hugely influential economic news, but the bias is still pretty positive, and I think we're likely to grind higher. |
There's optimism about earnings, the fundamentals continue to look good and hiring seems to be picking up. The geopolitical situation is the only thing I can see that could be a real negative. Depending on what happens in Iraq, Bush's credibility could be in question. |
There's tremendous relief after all the selling, and statistically, we have some verification that this could be a bottom. But that doesn't mean we're going to see another day like this. There's still tremendous negativity. |
They make electronic components for the original equipment manufacturers. In February, they bought the Motorola ( MOT ) division that makes parts for wireless cell phones. Well, it came down a little bit..made a new high, dropped a little bit, and is now on the way back up. They have the potential strong earnings growth. |
They projected higher for the first quarter, but they came in a little light on revenue for this quarter. Maybe people are worrying that they can't continue growing at these levels. |
Things are still very volatile and there's been an aversion to technology all day. |
This is the classic 'buy the rumor, sell the news' reaction. The market is expecting the second-quarter earnings are going to meet or beat, so even though Yahoo! almost tripled its earnings, you're seeing some selling. |
This is the worst thing you want to see before major events. A huge rally that was really not based on anything substantial, ahead of two major events, is the market setting itself up for disappointment. |
This is where the earnings growth is. This is where people perceive the opportunities are to make money. |
This shows that investors are ready to take on more of a tolerance for risk. |
This thing with the oil is nutty. Even the president of OPEC says prices should be $10 to $15 lower than they are. It has very little relation to the supply and demand statistics. |
This was a strange day, but overall it was OK. All other things being equal, we should open higher tomorrow. |
Today is very news driven. You've got GE, you've got HPQ, and the economic reports were a little better. It's the tech stocks that are leading the way. You're seeing a rotation out of the consumer stocks and into the techs. |
Until we get a sense of when it's going to stop, that's really going to restrain [stocks]. The market, to me, looks like two steps forward and one step back. |
We did OK for the first half of the month and then faded out -- a lot of the economic data in the last few weeks have been a little discouraging. It's kind of a sour way to end a good quarter but not too bad for the month. |