Right now the market is digesting some very good gains it's had over the last year,
More Quotes from Kevin Caron:
If the Fed is just neutral, what's really going to move the market higher is more progress on the earnings front. You're going to want to be overweight in those companies that have the greatest underlying earnings growth, and that's technology,Kevin Caron
A PE is meaningless by itself. A PE has to look at the price you're paying for earnings but you have to compare it relative to something. Companies with low PE's also tend to be the companies that have the lowest prospects for growth.
Kevin Caron
What's going to drive stock gains going forward is the earnings, and the current crop of earnings may have already been accounted for. I'm looking for the earnings in the second quarter and particularly the second half of the year to drive stocks higher.
Kevin Caron
Oracle had gotten to valuations that it probably didn't deserve yet and the sell-off is a reflection of concerns over valuations. It's still a very good software company. We expect a little slower revenue growth but overall, they are an impressive company.
Kevin Caron
When we get beyond the Fed's decision in August, it then opens up the opportunity for technology to assert itself because of its strong earnings growth and take the market to higher highs and higher lows.
Kevin Caron
If you've got significant profits in a stock like Cisco, it does make some common sense to move money out of there into groups such as pharmaceuticals as a short-term trade. This is more of a rotation rather than anything else, ... Until the Fed registers its vote at the end of August, I think you just see more of the same - a lot of churning and going nowhere fast.
Kevin Caron
Readers Who Like This Quotation Also Like:
And at the same time, you are of course a performer, but it's very important that you understand that your role as a performer is to get the best performance from those wonderful colleagues that you have the chance to work with.Michael Tilson Thomas
I had always said to myself that forty was the cut off point of my apprenticeship which may for some people sound like a very long one, but the novel as art is a middle-aged art.
Jane Rule
I am such a pessimist that every project has surpassed what I envisioned.
Colin Mochrie