61 Quotes by Ron Hill
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That has a lot of implications for tech stocks, ... Maybe we've seen the highs and lows of the year.
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Take a look at Philip Morris ( MO ), ... I think this stock is going to survive pretty nicely.
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They'll continue to see money flow go in and drive prices higher,
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They've had a little bit of a workout today. We've been here every year, and we'll be here again next year.
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That's another thing that helps these companies do well in this time period,
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The key thing here is, we're sort of short on liquidity, so we don't have enough money to raise everything. Investors have to focus on good sectors with leading stocks especially with good earnings revision profiles, and where there's support for rising profit and expectations going forward,
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I met with them in June, and they said that out of 1,000 unsolicited, unagented scripts they look at each year, they publish maybe 10.
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I think next year is going to be a reasonably good year. When the Fed starts lowering rates, even though profit growth will be really poor, often some of the best gains in stocks come when earnings are doing poorly, because you're getting a lift from price-to-earnings ratios rising.
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He's a hard worker. I'm sure he'll do fine once he gets going. Not having run a draft room before will be an adjustment, but I hadn't done that either before I did it for the first time. Where he came up from the pro side, I came up from the college side, but he's a bright guy. He'll learn.
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