Investors should be out there, picking up some stocks that are trading near their lows or have bounced off their lows and I think that have good futures. And among them ATT ( T Research , Estimates ) -- their wireless division came in on target, 25, 30 percent growth, and I think that's what is going to carry them. Stock is hovering around their lows here. I think it's a 'great buy.' And I think in the next market rally, that the stock will have a nice bounce.
More Quotes from Peter Cardillo:
It's one of those days where investors are looking at the strong economic news for what it says about the economy, rather than what it could mean for interest rates.Peter Cardillo
The earnings period has been pretty good so far, ... But its having a limited impact on stocks because the market is discounting higher interest rates in the months ahead.
Peter Cardillo
It's going to be a very busy week in terms of economic news,
Peter Cardillo
The ups and downs today were part of the process of consolidation. We're finally stabilizing today and it looks like the worst is over.
Peter Cardillo
Obviously the cell business is extremely hot in Europe and it's going to continue and it's going to grow in other parts of the world and I think a good supplier of that comes from Motorola ( MOT Research , Estimates ) and again, the stock has absorbed a lot of negative news lately and it does seem to have made a bottom and it keeps bouncing off its lows. So that tells me that, you know, going forward things will change. We might encounter another quarter of bad news out of them but I think at these levels it should be bought.
Peter Cardillo
We have the weapons inspectors returning, mixed corporate reports and no new economic news to focus on, so stocks are taking a little pause. The broader market is mixed to lower but is showing no great declines, while the techs continue to perform a little better.
Peter Cardillo
Readers Who Like This Quotation Also Like:
Although one may fail to find happiness in theatrical life, one never wishes to give it up after having once tasted its fruits.Anna Pavlova
I'm pretty much a vegetarian.
Robin Day
The only people who attain power are those who crave it.
Erich Kastner