Donald Selkin
Donald Selkin
close defensive dependent earnings economic focus names numbers reactions recovery seeing trading volatile
With earnings winding down and not as much to focus on, you're getting very volatile reactions to economic numbers that are actually pretty close to estimates. You're also seeing some of the defensive names that are dependent on an economic recovery trading lower.
base best build closer earnings fits good hope hopefully later market perhaps provide pull second starts
I think the best we could hope for now is the market kind of fits in and starts to try to build a good base here, go up a little, pull back. And then hopefully as we get closer to the end of the second quarter, the earnings prospects, if they are better, should provide us a base to perhaps do a little better later in the year.
barrel closes crude market oil
I think it's interesting that on a day when crude oil closes over $50 a barrel for the first time, the market is flying.
almost close companies company earnings economy energy future grow growth issue last machines mean obviously percent profit quarter strong technology top washing weak
We're projecting technology earnings are going to grow almost 40 percent this quarter and that's on top of a very, very strong 1999. Energy company earnings obviously will grow close to 80 percent, but that's on top of a weak '99. So there are companies that should have leadership. After all, if you look at the companies that issue profit warnings last week; Maytag, McDonald's, I mean I don't think the future of growth of American economy is washing machines or cheeseburgers.
closer favorable time
The closer we get to the end of the year, the more we get into that seasonally favorable time frame.
earnings small stocks
The stocks that are benefiting most from better earnings are the small and mid-cap ones.
bit people reminded statement
The statement wasn't that negative, but it was a bit clumsily worded. They reminded people of the dangers.
anytime federal good interest lining news raising rates reserve silver
The silver lining on this is that it confirms that the Federal Reserve will not be raising interest rates anytime soon, which is good news for the market.
aversion technology volatile
Things are still very volatile and there's been an aversion to technology all day.
next reporting statement
The wording of the statement will be important, and then you've also got Cisco and Dell reporting next week.
beat pathetic revenge sector stocks
Prudential upgraded the semiconductors and that got the sector going. This was the revenge of the nerds. The most beat up, pathetic stocks had one of their up days.
action averages situations special themselves though
Even though the averages themselves are doing nothing, there are some special situations going on here. There's a lot of action away from the averages.
decline hit last nice oil rise texas week
Between Texas Instruments, the rise in oil prices, and commodities, we got hit today. But the decline wasn't terrible. Last week we had nice gains, and today, we're kind of consolidating.
blair expected maybe perspective progress saying trying work
Blair is trying to put people's perspective in the right place. Maybe they expected too much in the first week. He's saying that we are making progress and we are going to try and work with the U.N., and that reassures people.