Even though this was a well-anticipated reversal... the market still has reacted positively to the ruling in pushing up tobacco stocks, because this removes yet another legal impediment to the survival of the industry. |
GE's businesses are benefiting from the economic environment both domestically and internationally. But revenue did fall slightly below Wall Street's expectations, which is a bit of a disappointment. |
GE's businesses are benefiting from the economic environment, both domestically and internationally. But revenue did fall slightly below Wall Street's expectations, which is a bit of a disappointment. |
Given the spike in oil during the third quarter, I think we're going to see higher oil costs in manufacturing companies and lower sales in consumer companies from oil squeezing out other purchases. |
GM's announced cut both to the dividend and to executive pay is not a big surprise. Cuts like this were important to negotiations with the unions for similar types of cuts in unionized pay structure. |
His speech was really focused on real estate. But then again if his comments cause some money to come out of the housing market and some money to come out of the credit market, where does it go? It probably goes into the equity market. |
I don't think he can be a merchandiser, ... That's not his training. It's a real specialty. |
I don't think he can be a merchandiser. That's not his training. It's a real specialty. |
I think the big thing is the second quarter sales and earnings being below expectations. |
I think the market won't react positively to it, but I think it is much ado about nothing. |
I think there is a growing perception that the next move by the Fed could actually be to ease -- in other words, lower rates. Now, we're not going to see that certainly before the election, but we could see it late this year, early next year. I think as that perception might spread through the markets and become the consensus, we could actually see a rally in technology stocks, |
I'm definitely rooting for Detroit just because of that. You want to have any advantage you can. |
If you're a day trader and you can stomach [market volatility] on a day-to-day basis, ... and want to play that momentum, stick with technology and biotechnology. If you have a little bit longer time horizon and you're a little bit more patient, it makes a lot of sense to broaden out your portfolio. Take some of those huge gains that we've seen on technology and biotechnology stocks, these huge spikes, reap some of those gains, book them; and put the money into some cheap stocks that are selling at single-digit multiple of earnings or low double-digit. There are a lot of cheap inexpensive stocks out there. |
Initially, the tax rate was a negative surprise. Estimates were at 26%. |
It certainly has worked for Wal-Mart and Target. Sears has a good chance at making a name in those businesses and capturing some share, but it's not going to be overnight. |