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Letter "P" » Peter Cardillo Quotes
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«The focus will shift from earnings to the presidential election. We're in this last part of earnings reporting and most of the damage has already been done. There's not one sector that has not been raided.»
Author: Peter Cardillo
«Many (tech and telecom stocks) are undervalued. If we have a period of slow growth followed by an acceleration in the economy, I think we could see money flow back, and the one thing that's been very consistent in this market is the rotation factor. It tells everyone money is not leaving the stock market.»
Author: Peter Cardillo
«The Juniper (Networks) earnings warning (on Friday) along with some downgrades today (Monday) are basically navigating the markets lower. It's like sailing on a boat that's heading nowhere.»
Author: Peter Cardillo
«I think we're going to see the preliminary GDP show that this economy is flat or even negative. But that's old news. What the market needs to focus on is numbers that show us we are beginning to rebound.»
Author: Peter Cardillo
«There are some slight movements in technology stocks with sporadic gains, but nothing to write home about.»
Author: Peter Cardillo
«The ISM news was positive, but the market is looking more to the non-economic factors, with people worried about Tyco and the action out of Pakistan and India.»
Author: Peter Cardillo
«We have the weapons inspectors returning, mixed corporate reports and no new economic news to focus on, so stocks are taking a little pause. The broader market is mixed to lower but is showing no great declines, while the techs continue to perform a little better.»
Author: Peter Cardillo
«The advance is on the heels of good economic numbers this morning. Chicago PMI in particular took people by surprise. You also had some good earnings news from Disney and Honeywell. That turned the dollar around, which in turn pushed some of the geopolitical issues on the back burner. For a Friday, this is pretty good.»
Author: Peter Cardillo
«We didn't see any major change out of France or Germany. While the reaction to Mr. Powell's speech at the United Nations obviously was positive, I think when people realized that Germany was not changing its stance and France wasn't softening too much, it was back to worries of uncertainty.»
Author: Peter Cardillo
«Accelerating GDP growth certainly bodes well for future economic activity. And though the report showed the impact of defense spending, it also showed that corporations are starting to spend more, too.»
Author: Peter Cardillo
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