I don't think we'll get any big surprises in the economic news next week, ... What the market will be looking for are any clues that point to anything other than four percent GDP (gross domestic product) growth.
More Quotes from James Awad:
If you're buying for 20 years, you want to go for growth,James Awad
This stock is down from over 50 a share, but is just a great long-term, growth stock, ... We think it will go back to over 50 a share, at some point, and back to almost where it came public. It may be dead money for a month or two, but I think eventually you will make three or four times your money on it.
James Awad
There are a lot of reasons to worry about corporate earnings because of gasoline, oil, high commodity prices. It's almost like damned if you do, damned if you don't, because you're worried about what these commodities are doing to the economy, yet they're the strongest thing in the market.
James Awad
They got pounded, ... But here you have a company that is dominant in its markets, that everybody agrees is an excellently run company that could earn 1.75 (per share) next year, so it's selling at about 11-times earnings. And it's an acquisition candidate down the road. So you see the theme here is growing earnings, low valuation.
James Awad
I would urge people not to speculate in the Internet sector.
James Awad
The Fed officials are talking very optimistically. Uniformly they were out there, on the tape yesterday and in interviews, saying that they are expecting a second-half recovery and looking for signs of a bottom sometime, very soon in the economy. So, you are going to have to watch the news very carefully going forward. I don't think anybody really knows. But if you listen to the Fed, you have maybe one more rate cut and then an improving economy.
James Awad
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The guys have a lot of good cars built up. We're going to do some more testing before we go back to Las Vegas and try to win at Vegas again. We need to get off to a quick start.
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