We're overbought, especially after yesterday, and there's talk that tomorrow's payroll number may disappoint, ... Yet stocks are hanging in.
More Quotes from John Hughes:
You're seeing a follow-through of what you've seen this week, ... On Monday, you had some profit-taking after Saddam Hussein's capture, Tuesday you saw a rally, Wednesday it consolidated and today we're up again. I would expect the week to end on an up note.John Hughes
I'd focus on Intel, ... If they can say something encouraging or at least, not discouraging, that could help the semiconductor sector sustain and build on the recent gains its seen.
John Hughes
We're getting to the year-end period and stocks are starting to drift. You're seeing that today, ... There's still a lot of uncertainty about the economy and about the change in Bush's economic team. We're also coming off a period where the Dow rose for 8 weeks and so you're seeing a little pullback. You saw it last week and I think it's continuing.
John Hughes
Hillenbrand Industries does hospital beds and caskets. So it's vertical integration, as we like to say, ... It's one of these forgotten names -- I shouldn't say forgotten, but less-known names. They've done very well in the first quarter. In our personal portfolio, it's been one of our best picks. Again, it's a name that's not a household name. Not many people want to talk about that stuff -- it's not an exciting business -- but it's a stock that's done very well, and is probably going to be a value play, a defensive type play.
John Hughes
I think the market has already discounted that the actual number tends to be a bit off (versus estimates), ... As long as we get something that is near estimates, the market should be OK with it.
John Hughes
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Based on Topics: Disappointment QuotesBased on Keywords: overbought
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