I think if you are short-term trader, the idea is that the summer rally is probably going to be led by technology as we go up here in the near-term. And that means you're going to probably move away from some of the previous leaders. We talked a lot about health care, a lot about energy - some of that money is flowing back to tech right now. But I'm not sure that as we look forward to the third quarter and the fourth quarter, and we grow instead of 7 percent, more like 4 percent, some of those prices are going to come down too. I think you might look for some bargains in health care and energy here, during the sell-off. In technology, I'd look for some big leaders who have a chance to come back.
More Quotes from Ron Hill:
Also, a weaker dollar actually improves the value of their international earnings, ... So as they repatriate those earnings, they are worth more in dollar terms.Ron Hill
The classic response is that you have pent up selling. People get nervous, uncertainty brings prices down as it normally does,
Ron Hill
We've had one preliminary move in technology, which was an anticipation of (Computer Associates') earnings, the second move is once the earnings have turned and begin to run ahead of the rest of the markets,
Ron Hill
The bank stocks are affected by what the Fed does. If the Fed's going to be pushing rates up aggressively, it's going to hard for bank stocks to significantly do better than the market, ... But I think some of the stocks are cheap enough that they're worth at least nibbling on at this point.
Ron Hill
See We've watched we took that little insurance. You didn't like it, but we took it back away.
Ron Hill
They have not been attractive stocks to own this year because they've had trouble growing revenues, ... But now, all of a sudden, that nice steady growth in earnings -- coupled with the fact that because of the weaker dollar, their translated earnings from international sales are going to be much stronger -- (means) these companies are looking very attractive.
Ron Hill
Readers Who Like This Quotation Also Like:
Based on Topics: Chance Quotes, Computers & Technology Quotes, Health Quotes, Idea Quotes, Leadership Quotes, Leading & Managing Quotes, Money & Wealth Quotes, Summer QuotesBased on Keywords: sell-off, trader
I became a writer in spite of my environments.
Robert E. Howard
It is only too clear that man is not at home in this universe, and yet he is not good enough to deserve a better.
Perry Miller
The techniques I developed for studying turbulence, like weather, also apply to the stock market.
Benoit Mandelbrot