Harvey Hirschhorn
Harvey Hirschhorn
breadth buy capital congress future gains help incentive kinds lower market people rate seeing smaller stocks support tax tech time
We're seeing some breadth in this market with some of the smaller stocks participating. We've had some big gains in some of the tech names. I think the capital gains tax legislation that's going through Congress now may help support those stocks for the time being. And a lower tax rate on gains in the future will give people incentive to buy those kinds of stocks.
currency growth next nine pressure profit revenue six stocks stronger
Stocks are going to be under some pressure over the next six to nine months. Revenue growth is very modest, and that's going to dampen profit margins, as will the currency translation with the stronger dollar.