If numbers are better than expected and the news is good for second quarter outlooks, then we could rally on that. But I think the results are pretty much baked into the cake here.
More Quotes from Ken Perkins:
This is setting a foundation for earnings to rebound. There might be some positive news in the second quarter.Ken Perkins
That's well above the long term average of 54 percent beating and 42 percent falling short of expectations.
Ken Perkins
That's a pretty long stretch, and investors are concerned that earnings could take a hit unless sales improve.
Ken Perkins
Consumers really felt the pinch of higher gas prices and job growth is stagnant.
Ken Perkins
There were a number of factors that dampened consumer spending,
Ken Perkins
Best Buy traditionally has been the primary player here and taking share very aggressively from some of the other players in the space, but Circuit City looks to have held their own here this holiday season. The discounters have tried to get into the space. Wal-Mart's been very aggressive in moving in there.
Ken Perkins
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