65 Quotes by Tim Ghriskey
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There are some high-profile upgrades this morning, and Exxon Mobil and Intel are certainly helping the market. Adobe earnings, the current account number coming almost in line, and the moderation in oil prices will be a positive on the market.
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Given the spike in oil during the third quarter, I think we're going to see higher oil costs in manufacturing companies and lower sales in consumer companies from oil squeezing out other purchases.
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GM's announced cut both to the dividend and to executive pay is not a big surprise. Cuts like this were important to negotiations with the unions for similar types of cuts in unionized pay structure.
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His speech was really focused on real estate. But then again if his comments cause some money to come out of the housing market and some money to come out of the credit market, where does it go? It probably goes into the equity market.
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It certainly has worked for Wal-Mart and Target. Sears has a good chance at making a name in those businesses and capturing some share, but it's not going to be overnight.
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I think the market won't react positively to it, but I think it is much ado about nothing.
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I think the big thing is the second quarter sales and earnings being below expectations.
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It is a stock that has the potential to disappoint.
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It is an oil day. Oil is over $68 now and that, combined with a very hawkish statement from the Fed, is weighing on the market. Energy prices at the gas pump are impacting consumer spending and its impact is reflected in AutoZone's earnings and Avon's profit warning.
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