Today is the opening day of the Consumer Electronics Show in Las Vegas, and there's a lot of buzz about new products for home and digital entertainment. They're taking up a larger share of the semiconductor market.
More Quotes from Ray Rund:
We're at a funny point in the cycle. The companies have reported that they're seeing some growth for the next quarter, but it's not robust growth, and the valuations on a historic basis are still pretty full. What's driving these stocks is sentiment -- people are afraid that if they miss them now they'll miss a big run-up.Ray Rund
The consumer confidence number dropping gave people a bit of a surprise.
Ray Rund
People are taking this as a signal. In this case, it's kind of pro-growth stock. The Nasdaq has the most growth stocks, and when interest rates stabilize, or go down, people start to think of growth as being worth more.
Ray Rund
Intel is the leader in the semiconductor market. They're No. 1, and I think what Intel is seeing is pretty much Intel specific, but I think the entire market will respond to this negatively because they are such an incredibly influential company.
Ray Rund
Dell is still a company that can grow, ... They have the cash. They can buy back shares.
Ray Rund
Seems like some of the stocks that had really run up have taken a bit of a tumble as of late.
Ray Rund
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