The stocks I would watch would be the wireless companies like Qualcomm and Motorola.
More Quotes from Clark Yingst:
I'm going to be especially interested if the stock can sustain any upside moves behind the earnings report that is expected to be very good.Clark Yingst
There's a possibility that we may have a very volatile market a very choppy market over the next few weeks. The evidence is growing that the rally (of late April) was just an oversold bounce.
Clark Yingst
It's all related, I think, to the news from Colgate-Palmolive. It's (earnings) preview season, which is always treacherous.
Clark Yingst
We're still going to get some stray previews. I am much more confident the disappointments will be punished than good earnings will be rewarded.
Clark Yingst
Perhaps it's a function of the fears that (Fed Chief Alan) Greenspan has already gone too far (with interest-rate hikes) and the worst news is yet to come.
Clark Yingst
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