Ken Perkins
Ken Perkins
consumer continues fairly gas job market provided remain run
The consumer has not run out of gas yet, provided the job market continues to remain fairly decent.
consumers felt gas growth higher job pinch prices
Consumers really felt the pinch of higher gas prices and job growth is stagnant.
among blamed expected gas good last missed nice numbers prices retailers seeing surprises trend upside
The numbers look pretty good so far. We are seeing more surprises to the upside and this is a nice reversal of the trend that we had expected last month. Even among those retailers who missed our forecast, not many of them blamed gas prices for it.
companies earnings gas handful hearing instead nice raise saw
Instead of hearing about gas woes, we actually saw a handful of companies raise their earnings estimates. That was a nice surprise.
arrival boost clearly consumer cooler falling gas gave last late october prices weather weeks
Clearly falling gas prices coupled with the late arrival of cooler weather in the last two weeks of October gave a boost to consumer spending.
appear commerce conditions economic improved iraq last march month people run shopping year
Economic conditions have improved significantly from March last year when commerce was impeded for much of the month by the run up to the Iraq war. People do appear to be shopping more.
built carry despite everybody holiday momentum next tough waiting whether year
Everybody is waiting to see whether they can carry the momentum they've built this year into next year despite the tough holiday period.
analyst nightmare numbers october
These numbers are not good. As one analyst put it, October will be the nightmare before Christmas.
baked cake expected good news numbers quarter rally results second
If numbers are better than expected and the news is good for second quarter outlooks, then we could rally on that. But I think the results are pretty much baked into the cake here.
complete egg laid
It was a complete egg that was laid there. By all accounts, they got killed in apparel.
concerned earnings hit investors sales unless
That's a pretty long stretch, and investors are concerned that earnings could take a hit unless sales improve.
earnings less order strong tech
Earnings are going to have to really go up in order for valuations to look attractive. Tech earnings are going to be strong but it's already more or less priced into the stocks,
aggressive best buy circuit city held holiday looks moving player players primary share taking tried
Best Buy traditionally has been the primary player here and taking share very aggressively from some of the other players in the space, but Circuit City looks to have held their own here this holiday season. The discounters have tried to get into the space. Wal-Mart's been very aggressive in moving in there.
christmas concern deep goes hitting
There's a deep concern that if this thing goes on, a lot of Christmas merchandise hitting the docks can't be transferred.