Joseph Battipaglia
Joseph Battipaglia
cash coming companies january last lots sitting sold start
We sold off pretty heavily in January coming off last year's rally, and I don't think we'll see as much of that in 2006. This year's start could be a little more bullish, and you still have lots of companies sitting on a lot of cash that can be put to use in 2006.
cap leading market names
When you look at how the market is trading, the big cap names in the right sectors are leading the market,
bounce correction last modest percent six
We've had a 7.5 percent correction in the Nasdaq and something more modest in the Dow and S&P 500 over the last six weeks, so you've got a little bounce right now,
companies earnings environment investors nature reminds whenever
Whenever companies come out with warnings, it reminds investors about the perilous nature of the earnings environment at the moment,
consumers flexible good government power quarter rest retail sector spending stocks strength strong
The government contributed to that strength by spending more. Retail stocks had a good first quarter because with the strong economy, consumers had flexible spending power. The retail sector still has the power to outperform for the rest of the year.
brazil economy emerging markets seeing
The real story is how well the U.S. economy is performing, ... Brazil is important, but I think we're seeing the end of the emerging markets crisis, not the beginning.
continuing high oil pressure prices profit situation
It's still a situation where fundamentals are decent, but the pressure of the continuing high oil prices and a profit surprise, like HP today, persist,
applaud believes bond fed inflation market moves ready
The bond market still believes that the Fed is an inflation fighter, the bond market still believes that there really isn't inflation today, and they applaud the moves by the Fed to be ready for future,
alongside believe companies followed leaders leaders-and-leadership provide reasonably technology
The big-cap technology leaders are doing reasonably well, ... I still believe technology companies will provide leadership. They will be followed alongside by pharmaceuticals and financials.
good lower recent room start trading
It's a good start to the quarter, ... We're at the lower end of the recent trading range, so there's probably more room to gain.
data earlier economic enron investors life lock looking looks move next picture positive profits selling serious signs starting step tone toward year
The positive tone has more to do with the economic data that showed some signs of life in the economy. We've got through the Enron debacle and some selling that represented investors looking to lock in profits earlier on. Now we're starting to get a serious picture of what next year looks like, and it's probably the first serious step toward an upward move in the market.
believe broader business deflation fear point positive recession sector sensitive
We're at a point where there is some rotation, but I believe it's a very positive development because you're getting broader participation on the economically sensitive sector because, the fear of recession is going away and the deflation fear is gone, ... Business Day.
economy fare february happens iraq january market move rest tone
What happens with Iraq is very important in January and February to pretty much set the tone for how the economy will fare for the rest of the year. So when we have that answer, then you can get your market direction. In the meantime, you essentially move sideways.
early happen interest june market period profit rates ready reporting season start transition
We're in this transition period right now, getting ready for interest rates to start rising, which will happen June 30, and for second-quarter profit reporting season to start, which will be early July, ... Those things could get the market going again.