It's an under-followed classy insurance stock.
More Quotes from Chris Grisanti:
This Microsoft news is going to be terrific for all those PC companies that have been taking it on the chin lately -- Intel being one, but Dell and Compaq and others, I think, will certainly benefit today.Chris Grisanti
There's some nice symmetry because now we've taken back the 75 basis points Greenspan gave us last year. The Fed has been saying steady as she goes for the last few years if you add it all up, and maybe this is where we will stop.
Chris Grisanti
If ATT, for example, is any indication, the shareholders have a lot to gain (from this effort). The executiveshave the belief that the parts are worth more than the whole. And to get one piece of that sexy Internet business in this kind of a market, they could very well be right.
Chris Grisanti
You're fighting to a stalemate between those people worried about interest rates and high valuations and those people excited about truly good earnings. I think you're going to be in a trading range for most of the summer until some event that we don't yet see takes us out of that - either the Fed stops raising (rates) or there's bad inflation news.
Chris Grisanti
But I wouldn't bet against these guys, they've shown again and again the ability to innovate.
Chris Grisanti
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