Richard Cripps
Richard Cripps
either faster grow stock
Either the fundamentals have to grow much faster or the stock has got to come down.
current earning earnings good growth next stock
Good earning growth. Next year, their earnings will be about $1.90 (per share). That's just 10 times this year's current stock price.
area clearly confidence fed financial higher hikes key pattern performing rate stocks watch
The key area to watch is what financial stocks will do. They've been performing well and it's clearly a pattern of higher highs. If they take this (interest rate hike) well, my confidence that we're getting to the end of these Fed hikes will increase.
close driven expectation fact happen moment near period react stocks technology
I think you are near (capitulation) at the moment and you are getting close to the bottom. Technology stocks are driven on the expectation and we're in a period now where expectations are being lowered. What you'll have happen is stocks will react to the fact that expectations are too low.
buying earnings fight final flowing money optimism point stocks tone turn
You're getting money flowing back into some of these big stocks and the tone is good. What's powering it is optimism that at some point and time, we're going to get this final turn in earnings -- it's buying with the thought that you don't fight the Fed.
drop limits people pressure puts stocks
People want to own these (technology) stocks. And that's what limits any significant drop on these stocks and it's what puts pressure on the remainder of the market.
driven microsoft
It's all driven by Microsoft at this point.
analogy bad energy good higher interest oil prices straw
It's the analogy of the straw and the camel's back. We keep loading the camel's back with straw and higher energy prices and interest rates. It's probably going to be what's good for oil is going to be bad for the rest of the market.
broader correction equity focused market point reflecting seen segments shifting
I think that the correction that we've seen in the market averages, in the Nasdaq, is probably reflecting an inflection point for the equity market that's going to be not as focused on technology. It's going to be shifting more into the broader segments of the equity market.
brave buying opposed trying
I would let this play out as opposed to trying to be brave and buying here.
catalyst earnings economy economy-and-economics estimates high looking lost moving second
You've lost your earnings catalyst so we're moving away from the second quarter. With the economy moderating you're looking at earnings estimates that are too high and have to come down.
portfolio rest simply
The Nasdaq is simply crowding out the rest of the market. If you are a portfolio manager, you have to own some of these (technology) names.
beginning commentary companies earnings generally last looking month quarter talk third weeks
Analysts generally can talk to companies during the first two weeks of the last month of the quarter so what we'll be looking at is the beginning of the earnings pre-announcements or commentary for the third quarter.
banks best calamity major
Any major calamity we've witnessed, the banks have been some of the best performers.