But it's going to hurt consumer-staple companies.
More Quotes from Brian Gendreau:
It just so happened that we had a number of big-name, negative reports come in to start things off, and it just went from there. Turns out that wasn't indicative of where things are. Earnings are very strong.Brian Gendreau
Earnings are definitely a positive factor but the market is still trying to sort out a lot of conflicting news.
Brian Gendreau
The Fed has said they're going to be data dependent. A lot is going to depend on what the world looks like at their June meeting. And June is a long ways off, so I think that's a little premature.
Brian Gendreau
The consensus is looking for 13 percent earnings growth in Q4, which is a pretty high hurdle. Earnings have been coming in better than expected for a long time. This time, if earnings don't come in better than expected, the market may take a hit.
Brian Gendreau
There are a lot of bargains out there in large-cap growth stocks.
Brian Gendreau
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