Even though revenue is not growing as fast as profits, companies have been able to leverage what they have. Companies have been able to control costs and increase productivity.
More Quotes from Edgar Peters:
The oil data is giving some support to the stock market, especially given the mixed company earnings that have been released in the past couple of days. Declines in oil prices are always positive for equities.Edgar Peters
Trading volume is dwindling and we are probably not going to see large bets today and tomorrow, and especially after inconclusive economic data.
Edgar Peters
Some people are beginning to get concerned with the housing market. That is enough to put some pressure on home builders and home-improvement stocks.
Edgar Peters
With energy prices at such high levels, any decline is very positive. The ease in oil is certainly helping the markets today.
Edgar Peters
This is probably as good as it's going to get for the stock market any time soon. I don't believe the Fed is actually close to ending the rate hikes.
Edgar Peters
Bonds at these yield levels offer very little value. Inflation is low but it's not that low to justify bond buying, especially given the U.S. economy is not slowing at a fast pace. Stocks offer a much better value.
Edgar Peters
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