Barry Hyman
Barry Hyman
analysis breaking broken cheap close companies earnings estimates ibm listed market next premium quality research service stock technical technology trading types
In technology, IBM ( IBM : Research , Estimates ) is more of a technical analysis play. The stock has broken out, or getting very close to breaking out, of a trading range. And I think the market's still going to give a premium to quality companies in technology. IBM being listed doesn't get that Nasdaq appeal, however. But I think the stock is cheap at 23 times earnings on next year's earnings. And their big server market and the other types of technology they have are doing very well in the service sector.
continue hard heading market move periods rates reason
I look at a market here that is going to continue to be impacted by rates going higher, ... and I think it's heading into one of those post-earnings periods where it meanders. It's hard to see any substantive reason for us to move higher.
believe caught economic figure growth inflation investors market neutral range stocks
I'm neutral on the market here, as I believe stocks will be caught in a range as investors try to figure out the story of inflation and economic growth going forward.
companies economic economy growth next numbers required seeing showing slowing solid steady stream week
I think next week it will be important to see two things: solid numbers out of growth companies and seeing still a steady stream of economic numbers showing the required slowing of the economy with no inflation.
good next opportunity week
I think next week has another opportunity to be another good week.
companies cost defensive economy economy-and-economics higher impediment interest move rates seeing technology
Higher interest rates are an impediment to companies where cost is important and that's Old Economy stocks, ... What we are seeing is a defensive move into technology stocks.
bank earnings great growth large online past percent regional super year
I like Wells Fargo. Super regional bank, great earnings growth, around 13-14 percent year over year. They just got past their 1 millionth on-line investor, and I want to have a super regional bank or a large bank that has an online presence.
against certainly looking means until warning
I am not looking at long-term because it is working against investments. There's certainly going to be an implied warning (by the Fed) which means that we're 'on hold' until August.
dramatic drop less magnitude profit relation severe
I don't want to be too dramatic about the drop ? it's more or less profit taking. It's not severe in relation to the magnitude of the rise.
absolutely consumer decisions economic equity fed interest looks market markets mean reflection relation scenarios wealth
I don't think the Fed looks at the equity market and makes decisions off the equity markets, but the equity markets are absolutely a reflection of wealth and consumer confidence, ... That is what the equity markets mean in relation to other economic scenarios and that is where (the Fed's) interest is.
broader earnings focus market next week
How the market interprets some of the earnings next week will be the broader focus,
believe cyclical economy evidence expected gain good slowing stocks strength
I do believe it's the weakening economy, where cyclical stocks can only gain strength on the anticipation of an economy solidifying, and any evidence of an economy slowing more than expected is not good news.
believe change investor months oriented philosophy proven seven short strategy term until worked year
I do believe an investor shouldn't change their philosophy just because it's post-Fed, ... I think the aggressive, more short term oriented philosophy that has worked the first seven months of the year will still be the philosophy until that strategy is proven to be wrong.
accept adjust believe bit dramatic economy effects eventual extent fact fed half horizon interest investment investors market next peak satisfy seeing situation slow slowing soon talk tough wants year
I do believe that the Fed is going to talk a little bit tough and say that it's a little bit too soon to accept the fact that we're seeing this slow economy to the extent that it's going to satisfy the Fed. And I believe that is what is going to keep the market in check. And it's another situation the Fed wants to try to control. They do want to keep this market in check. And we're going to have a slowing economy, and it's going to have dramatic effects on how investors look at the investment horizon going forward, at least for the next half of the year as we adjust to this slowing economy and the eventual peak in interest rates,