Joseph Battipaglia
Joseph Battipaglia
business chips depressed laptop others pc power strong
The PC business isn't going away. It has become more competitive. But International Rectifier is positioned beautifully, with power chips for the laptop marketplace, which is a strong area. It is depressed like all the others in semi, so I'd want to own it.
caused change economic environment few figure good holding katrina months next people trying
You have some good economic data, but I think everyone is still trying to figure out what the post-Hurricane Katrina environment is like, ... For now, the fundamentals look strong, but that could change in the next few months as the distortions caused by Katrina come through in the economic data, and that's what has people holding off.
conditions continue investors pay profits roll
As long as the fundamental conditions continue to come on the way they have been ... the profits roll on. And if profits roll on, investors will have to pay more for those earnings, because their alternative investments are limited.
october quite
This is quite different than October of 1997.
broader earnings effect ibm instead negative news particular positive rest ripple seeing spill stock
This earnings season, instead of getting a ripple effect on positive news, you're seeing that particular company's stock react, but very little spillover, like with IBM today. The negative news has tended to spill over to the rest of that sector, and in some cases, the broader market.
catalyst certainly data earnings economic issues kinds levels market oil prices providing unable
Oil prices at these levels are providing all kinds of dislocation issues for stocks. Earnings and the economic data are O.K., but with oil where it is, the market is unable to make a decision, long or short, and there's certainly no real catalyst for buying.
clearly momentum players positive regularly rising stocks
The Nasdaq clearly has a positive tone. It's got momentum players back in a big way, going in and out of these stocks at regularly rising prices,
ahead payroll people reluctant
I think you have a lot of people reluctant to make commitments ahead of that payroll number,
challenge current good news quarter
I think the good news is that the current quarter is OK, and the challenge is going to be what comes next,
build lows momentum seen steadily stronger
I think we've seen the lows and we're steadily going to build momentum for a stronger market,
both commitment individual lack market
I think there's a real lack of commitment in the market right now from both institutional and individual investors,
move neutral opening point quarter rally rest stance
I think it is a quarter of a point move up, but a neutral stance by the Fed, opening up the way I think for a big rally for the rest of the year,
deliver good numbers profit stocks surprising tech temporary
Going into this week, there were a lot of expectations that the tech stocks would deliver good numbers. As those numbers come out it's not surprising that there would be some profit taking. It's a temporary phenomenon.
coming data dominated economy five market needed past rally remain weeks
The rally over the past five weeks needed confirmation in the data that the economy is coming along. As long as that data remain inconclusive, the market will be dominated by sellers.