Francis Gannon
Francis Gannon
segment technology year
I think what you need to do in the technology segment between now and the end of the year is own the leaders,
changed march psychology since
Psychology has changed dramatically since the March 10 high.
companies increasing mark people shares technology
Technology is part of the increasing productivity trend, and people want to own shares in the companies that mark this trend.
favorable growth year
I still think you'll have favorable growth this year and going into next.
argument believe carry correction gotten horses process stick stocks top worked
Those are the stocks that have worked this year. There's a lot of argument right now in the marketplace about valuations; the top 50 stocks in the S&P are way overvalued. You have to stick with the horses that have gotten you to where you are on a year-to-date basis, and I believe those are the stocks that will carry us after the correction that we're in the process of having right now through the end of the year.
buy continue leading means stocks
You have to continue to buy the stocks that are leading the market, and for the foreseeable future, that means technology.
buying entry expensive good oracle point
It's still an expensive stock. The mid-20s would be a good entry point for buying Oracle stock.
bad buying news worth
The bad news is already priced into the stock, ... It's worth buying at these levels.
tumultuous
It was a tumultuous day and a tumultuous end to a tumultuous quarter.
people profit recession uncertain
The profit recession is here and people are still uncertain as to when things are going to come back. There's still a lot of nervousness.
break dealing healthy market
We're still dealing with very healthy numbers. You're going to see the market break out.
fears fed lessen morning numbers raising saw
I think the productivity numbers you saw this morning lessen the fears in the marketplace about the Fed raising rates.
along exciting finish year
So we could finish the year at new highs. It's just going to be exciting along the way.
companies downside extreme extremes market pick quality seen terms value
This is a market of extremes, and what you've seen is the extreme to the upside, especially in technology, and extremes to the downside in everything non-tech. What you have to do is to pick the better quality companies in terms of the value companies.