18 Quotes by Steve Neimeth
- Author Steve Neimeth
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It looks like each underlying division was very strong, especially the closely watched imaging division, which is the key to the valuation of the company. In addition, overall margins were better.
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It looks like a lot of investors made quarter-end adjustments yesterday as they put cash to use at the quarter's end. Today it seems like the economic news wasn't particularly surprising and the energy markets were relatively flat.
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The No. 1 driver for equities is corporate profit growth. Inflation is subdued, which suggests higher energy prices are not trickling through.
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The big picture is that the economy is accelerating and we live in a consumer-driven economy. It seems pretty obvious what the best way is to play this.
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The Consumer Price Index came in 'in line' with expectations, which calmed investors. And the Fed commented that they're not particularly concerned about inflation and that they don't seem to be any more aggressive in raising rates.
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- Author Steve Neimeth
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In light of Intel's very disappointing earnings, it makes IBM's numbers look that much better and makes it look like a possible safe haven for tech investors.
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Investors are very concerned about future earnings, even more so than usual. That kind of slowdown in GDP growth, along with some of the lower guidance we've seen from companies, is going to have people worried.
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Investors are becoming more concerned about how higher rates will affect consumer spending. The market can't move higher with this threat of rate hikes and inflation hanging over its head.
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Good news out of 'mega-cap' companies like Exxon and Wal-Mart is clearly a positive for the market.
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