We're in a period when capital spending has slowed to a waltz, corporate profitability is hardly visible, and balance sheets are just inundated with debt that's not a comfortable picture. Each day is a new adventure in the market. There's lots of money on the sidelines but no willingness to commit.
More Quotes from Alan Ackerman:
They pay a dividend that's very, very attractive and they've had growth that's outperformed the SP 500.Alan Ackerman
It reaffirms the fact that it wasn't just the outcome of the election that weighed heavily on the market -- it's concern about corporate earnings and the more-than-frequent flow of profit warnings coming from some of the strong companies, ... Earnings disappointments are overpowering the election results for now, particularly in the financial sector.
Alan Ackerman
For the moment it's a blue-chip gain, ... The economy is showing signs of improving, but techs are still lagging. So there's more safety for investors in blue chips.
Alan Ackerman
However as we come closer to the next Fed meeting, and hopes are that the Fed will cut interest rates, we might have a relief rally.
Alan Ackerman
I like two stocks, Apache and Ocean Energy. I don't own either of them. The firm doesn't make a market in any of them. We don't have an investment banking relationship, to the best of my knowledge, but I think both stocks have done well in the poor market, ... Apache is really building a pipeline of reserves. They drill in seven major countries. They're natural gas rich. They have held in this market and I think we can look for big earnings coming up over the next year or two.
Alan Ackerman
Royal Dutch is the second-biggest energy company in the world. They've been buying back their own stock, ... They bought 3 billion back last year, 1.5 billion this year and I think that's a play because its selling below its peers.
Alan Ackerman
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Based on Topics: Corporation Quotes, Money & Wealth QuotesBased on Keywords: inundated, waltz
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