Oracle had gotten to valuations that it probably didn't deserve yet and the sell-off is a reflection of concerns over valuations. It's still a very good software company. We expect a little slower revenue growth but overall, they are an impressive company.
More Quotes from Kevin Caron:
I think we go nowhere for the next three weeks in terms of a real move in the markets. What's going to carry us is reduced uncertainty relative to the Fed, very good numbers on the economy and very good earnings as we wind up the year.Kevin Caron
If you've got significant profits in a stock like Cisco, it does make some common sense to move money out of there into groups such as pharmaceuticals as a short-term trade. This is more of a rotation rather than anything else, ... Until the Fed registers its vote at the end of August, I think you just see more of the same - a lot of churning and going nowhere fast.
Kevin Caron
There's a growing realization that technology is where earnings growth is going to show up. Investment spending drives earnings, and it's going to technology,
Kevin Caron
We've held out that, as you move through the third-quarter earnings, the companies that report will show strong growth, ... Stock prices have been so compressed that it give investors reason to step in and pick up stocks at depressed prices.
Kevin Caron
You had tremendous output by the chip companies in the second quarter. During the third quarter you had some concerns about capacity issues and shortages of certain components, ... We're getting a better sense that they're dealing with the issues and that perhaps the supply shortages won't be as difficult as people initially thought.
Kevin Caron
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Based on Topics: Contemplation QuotesBased on Keywords: sell-off
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