We don't yet believe that consumer spending is going to slow dramatically even though there has been a lot of volatility in the stock market. Obviously there are a lot of investors out there who were sitting on big losses from stocks they bought from February through March. But we still see the economy as moving along strongly.
Terence Gabriel
So much of the market now is tied to PC demand and all of the other companies that produce equipment that either goes into a PC, into the box or the software which makes them run.
market box run demand software
Basically for the nine months, they're doing close to a billion dollars in sales. A very strong book-to-bill (ratio, which measures orders versus shipments). I think this stock offers a lot of appreciation potential over the next year.
potential appreciation strong sales close
I do think, though, longer term the semiconductor area, both equipment makers and the chip producers, is probably the best area to be in this market looking forward.
market forward
So, the longer-term story looks great for Applied Materials. It just may be a bit overheated here. If we were to get about a 20 percent pullback in this stock, I think it would be very attractive.
story great attractive
It was pretty much exclusively by midday a Nasdaq rally.
pretty
We are probably going to see another 75 basis points.
I still think earnings reports are going to be very good. I think we're getting to the end of rate hike situation on the part of the Fed.
good end part situation
moving market economy big
I'm not very enthusiastic. I think the market is not behaving well as a whole. There's just a lot of trepidation about earnings when you look forward into the new year when the reports come in January.
market forward january
Especially with the numbers actually coming out, the tendency for this market has been to get out of those stocks reporting earnings a day or two before the report because after they report, it's going to be downhill.
numbers day market
You must log in to post a comment.
There are no comments yet.