Conglomerates and cyclical companies have been on the spot lately and after today's industrial data, they once again became a good buying opportunity. But the trading is volatile and a bit distorted given the options expiration.
Miscellaneous
Quotes, by Jim Awad
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The pressure is Iran and oil, and a correction in Apple's stock, but it's resilient in the face of that. The vital signs look reasonable.
Miscellaneous
Quotes, by Jim Awad
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You had good earnings out of Pfizer, good earnings out of Merrill Lynch , several dividend increases and eBay shares that have performed better than expected. It's creating a transitory early rally as it's still too early to say whether it will hold.
Miscellaneous
Quotes, by Jim Awad
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The market is caught between good quarterly reports, such as the one from Disney, and the reality of company guidance for future earnings that is far from stellar.
Miscellaneous
Quotes, by Jim Awad
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FedEx's report not only helped lift the transport sector, but the entire market. In the absence of major negative news, we may see another rally between now and the end of the year.
Miscellaneous
Quotes, by Jim Awad
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The current earnings and the forward-looking guidance, in general, have not met expectations among a lot of companies.
Miscellaneous
Quotes, by Jim Awad
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