David Sowerby
David Sowerby
auto competition designs display industry inspired intense percent
This year's intense competition in the auto industry has also inspired new display designs for 60 percent of the exhibits this year.
investors sale stocks tech
Tech stocks are on the sale rack. Unequivocally, investors are bargain-hunting.
industry
It's more and more the sobering acknowledgement that the industry is significantly challenged.
amount changed decide degree dispel earnings growth investor itself last market taking tremendous
Nothing has changed in the last 30 days, other than the market itself to dispel the tremendous amount of earnings growth that is taking place in technology. It's just up to the investor to decide to what degree do they want to participate.
anyone crossed oil past question retail year
We started the year at $42-a-barrel oil - that was a concern, but we could get past it. When we crossed $60, I don't think anyone could question what $60 is going to do to retail sales.
ball closer early fed financial last market percent principal rather reasons stocks today yesterday
I think the market is anticipating today that the Fed is getting closer to the end of the tightening rather than early in the ball game, and that is one of the principal reasons why financial stocks have rallied not just yesterday ... but as much as 25 percent in just the last two months.
oil short
We're long on autos, short on oil stocks.
cost direction greater moved revenue sales weaker
They have moved incrementally in the right direction on the cost side. There is still a greater uncertainty on the revenue side. Just look at today's weaker sales numbers.
additional amount approach dollars exchange funds invested mimic passive pressure traded
There's a significant amount of dollars that are invested in the passive S&P 500 index approach or exchange traded funds that mimic the S&P and because Dana's dropped, there will be additional pressure on the stock.
economy economy-and-economics fed surprise upside
I think the economy will surprise us on the upside because of what the Fed has done.
coverage pick rising surprised
Kmart is like the phoenix. It's rising up again. I wouldn't be surprised to see one or two more firms pick up coverage of the company.
classic
I think it is still a classic 'show-me' stock.
michigan stocks
I'd give Michigan stocks a C-. U.S. stocks didn't do much better.
result year
The end result is a ho-hum year for the market.