Terence Gabriel
Terence Gabriel
fear market outweigh weather
Downgrades outweigh upgrades and fear outweighs greed. This is not a market that can weather uncertainty and it's been pretty brutal.
ahead april closed earnings expect high market october quickly reported shift tend volatile
In January, April and July, the S&P 500 and the Nasdaq have closed down when earnings are reported but they tend to be better ahead of earnings so I don't expect October to be any different. It's a very volatile market and things shift very quickly but the expectations are just so high ahead of earnings.
behaving earnings forward market reports year
I'm not very enthusiastic. I think the market is not behaving well as a whole. There's just a lot of trepidation about earnings when you look forward into the new year when the reports come in January.
falling measures psychology shift volatility
The volatility measures are falling with this snapback and there is a short-term shift in psychology -- there's a lot of bargain-hunting going on out there.
coming earnings market numbers reporting stocks tendency
Especially with the numbers actually coming out, the tendency for this market has been to get out of those stocks reporting earnings a day or two before the report because after they report, it's going to be downhill.
along believe bought consumer economy february investors losses moving obviously sitting slow spending stock stocks though volatility
We don't yet believe that consumer spending is going to slow dramatically even though there has been a lot of volatility in the stock market. Obviously there are a lot of investors out there who were sitting on big losses from stocks they bought from February through March. But we still see the economy as moving along strongly.
concern energy far forward looking numbers october people
There's still a lot of concern about energy prices. People are already looking forward to the numbers in October which are going to be potentially far worse.
applied bit great looks percent
So, the longer-term story looks great for Applied Materials. It just may be a bit overheated here. If we were to get about a 20 percent pullback in this stock, I think it would be very attractive.
box companies demand either equipment goes market pc produce software tied
So much of the market now is tied to PC demand and all of the other companies that produce equipment that either goes into a PC, into the box or the software which makes them run.
appreciation basically billion close dollars measures next nine offers orders potential stock strong versus
Basically for the nine months, they're doing close to a billion dollars in sales. A very strong book-to-bill (ratio, which measures orders versus shipments). I think this stock offers a lot of appreciation potential over the next year.
built financial good last run stocks three tremendous
Many stocks have already built in good earnings. A stock like Goldman Sachs had a tremendous run over the last two or three months, so my sense would be you'll have a 'sell on good news' for a lot of these financial stocks that have rallied.
earnings flight internet panic safety slammed stocks tech
It's just eroding. It's all panic and follow-through on tech earnings fears. Biotech and Internet stocks are all getting slammed with some flight to safety into Dow stocks, but I don't see it being sustained.
hold intel ripples stocks strong technology today
It's that one-two punch. You downgrade Intel yesterday, you downgrade Micron today and it ripples all through technology - even the strong stocks can't hold up.
basis
We are probably going to see another 75 basis points.