I like the retail group as a whole because now Wall Street has soured on these companies, ... They're worried about the consumer vitality. But don't forget we have an election coming up in November. That actually stirs confidence, interestingly enough. This could be another good Christmas season. Also this summer, we may not see a drought for most of the country, which means people's spending on home and hearth might be a little better than it was last year when it was so tough outside.
More Quotes from Joseph Battipaglia:
There are two things that got this rally started late last week -- short-covering and an expectation that this (war) action will be brief, ... If this war is executed right, you could see a bounce off the action, but it's going to remain volatile this week with so much up in the air.Joseph Battipaglia
I think it is a quarter of a point move up, but a neutral stance by the Fed, opening up the way I think for a big rally for the rest of the year,
Joseph Battipaglia
It's still a situation where fundamentals are decent, but the pressure of the continuing high oil prices and a profit surprise, like HP today, persist,
Joseph Battipaglia
The market anticipated a very weak third quarter. There was concern this would roll over into an on-going problem. Once we have evidence that it is not and the third quarter comes in a little better than expected, that will be the basis for the next leg up,
Joseph Battipaglia
Lower interest rates increase discount financing for consumers. Also, the Republican sweep of the Senate and the House last week is construed as a positive because it's also seen as a win for market-friendly fiscal policy ,
Joseph Battipaglia
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