Sam Stovall
Sam Stovall
cancel good investors month news rally reason temper
The month of May was a counter-trend rally where investors used good news as a reason to temper their bearishness and cancel out short-selling contracts.
beaten best christmas december four horrible market months past retailers says season year
December is one of the best months of the year for retailers. Of the past four years, retailers have beaten the market. Typically, everyone says the Christmas season is going to be horrible and they don't want to be in retailers, only to see December do very well for the market and even better for retailers.
added downward election movement
I think the election added to the downward movement but it really was Dell that started it off.
data economic fed feeling improvement interest investors itself lower
I think investors want to see improvement in the economic data so that the feeling is that the Fed doesn't need to lower interest rates. That in itself is a positive.
good investors january month start
I think investors are a lot like dieters. They look at January as a good month to start anew.
breath catch chances extended happen history possible sideways whenever
History would say that, whenever we have an extended up-move, chances are you need to catch your breath and go sideways for a while. Is it possible that will happen now? Yes. Is it necessary? No.
balance demand energy feeling good seem soon start stocks supply
Our feeling is that energy stocks will be good performers, ... While inventories seem to be in balance with demand now, we see that as being temporary, that demand will soon start to outpace supply this summer.
fed further next questions rates turn
If the Fed lowers rates next week, the questions become 'How much further can they go?,' 'Is it effective?,' and 'Can the Fed really turn things around?,'
buying companies food indicate inside longer outside people preparing rather restaurant
Some of the restaurant companies are doing exceptionally well and I think demographics, longer term, are going to indicate that more people are going to be buying their food outside the home, rather than preparing it inside the home,
bull cyclical market october since
In this cyclical bull market that's been in place since October 2002, we haven't had a big pullback.
additional continue earnings economic fed fuel investors likely lower negative numbers rates whatever
Investors are going to look at whatever economic numbers come out and say is this additional fuel for the Fed to lower rates in March. Earnings are going to continue to come out and they're likely to be negative so you're going to have earnings weighing on the market.
bad coming fourth history looking october percent quarter rises
On average, coming out of a bad September, October rises 5 percent and the fourth quarter rises 4 percent overall. So if you use history as a guide, we're looking for a bounce.
beaten buy held indeed industries market months past prior purchased seven
If you were to buy those industries that in the prior 12 months had beaten the S&P 500, if you had purchased those, held them for another 12 months, you indeed over the past 10 years would have beaten the market seven of those 10 times.
earnings forecast growth near percent
The forecast from S&P is near 18 percent growth in earnings in 1997 over 1996,