Most of the bad news and pre-announcements are out of the way. What we really need now is guidance that says revenue growth is on the way. Corporations have done everything they can to cut costs, now we need to see that growth.
More Quotes from Ram Kolluri:
The earnings growth is a positive. The problem is that the ten-year note yield is currently standing at 4.85 percent and is pushing toward 5 percent and our friends at the Fed are not telling us when rate hikes are done.Ram Kolluri
Yesterday, a couple companies came in and surprised us. At this point in time, I'm inclined to take profits. I feel that we are fairly valued.
Ram Kolluri
They're saying they don't know if this is the time to take a risk. They have close to a trillion dollars in post-tax cash, and it's not doing any good for anybody.
Ram Kolluri
Higher energy prices, new fears of terrorism, some profit taking after the previous rally -- all of that is why we've come back from the late January, early February levels.
Ram Kolluri
Today is a digestion period after yesterday's rally. I don't see a big follow-through. But the momentum suggests that the direction is up. There's a lot of cash still sitting on the sidelines.
Ram Kolluri
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Based on Topics: Corporation QuotesBased on Keywords: pre-announcements
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