This has been a good time for investors to take profits and there's some hesitation ahead of tomorrow's (Friday's) report. There is a general sense that if we're not at the worst, we're almost at the worst -- but you have to expect the market to pull back occasionally.
More Quotes from Charles Payne:
Apache -- I think you want to have some sort of exposure to energy, particularly going into the second half of the year. We're not going to have a winter like last winter, at least I don't think we will. And then some of the others, again, more conservative, but yet I think have upside potential,Charles Payne
We have a changing of the guard in technology. All these cornerstone tech names can't conjure up the magic they once did and I think it's time people started looking for new bellwethers.
Charles Payne
Stocks rallied pretty good and they rallied, in part, on the belief that this quarter would bail us out -- and we know that's not the case, ... But this market still wants to trade higher -- even though investors have gotten ahead of themselves, they're still buyers if given the right catalyst.
Charles Payne
I think that one of the problems that lingers with us from the last five years, with every one jumping into the market, is that we need instantaneous results.
Charles Payne
I think Hitachi has really done so many things well, ... I think they're going to benefit from the upturn in semiconductors and electronics. Also the company makes a lot of money in alternative energy, hydroelectric, nuclear power. It's a Japanese stock, obviously, so it has been down with the Japanese market, but it looks like it broke out recently.
Charles Payne
I hope some of them reporting results will say at least things are getting better.
Charles Payne
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