We also like some of the others from the cyclical areas like in the industrials, some of the freight companies like FedEx and ... also in the consumer discretionary, automobiles still look like they're good, ... Traditionally they will outperform until the Fed begins to raise interest rates and Mr. Greenspan has postponed that for a few months. That gives companies like General Motors a little bit longer to run.
More Quotes from Ron Hill:
A more offbeat pick is Hill's selection of tobacco giant Philip Morris, which is entering the latest round of tobacco-related litigation, this time with the Justice Department. But, ... there is very little basis in legal theory from which that suit can even be launched. And this is a company that has better cash flow than 10 of the largest corporations in America combined. They also pay a 5 percent dividend year over year.Ron Hill
We couldn't get any takers. As it happened, he just fell to us. A lot of times, the deals you don't do are the best deals.
Ron Hill
We've been raising rates in this country since about June of last year, so we've had over a year's worth of rate increases starting to flow into the market. That has slowly, but surely, drained liquidity out of the overall financial system in America. So money supply growth has been below nominal GDP growth now for a number of months. So what's happening is slowly, but surely, there's just not enough money out there available to make everything go up all at the same time. So that's why rallies fail sooner than you expect, and why you know people get punished more for bad news than they get rewarded for good news,
Ron Hill
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.
Ron Hill
I think you know you can find some interesting areas. And I've been trying to figure out - you know, the race doesn't go to either the tortoise or the hare right here, but maybe to the ants, the guys who sort of work hard all the time, and grow steadily,
Ron Hill
Get going. Get up and walk if you have to, but finish the damned race.
Ron Hill
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Based on Topics: Running QuotesBased on Keywords: discretionary, fedex, industrials, outperform
I may climb perhaps to no great heights, but I will climb alone.
Cyrano de Bergerac
Saddam Hussein has been engaged in the development of weapons of mass destruction technology which is a threat to countries in the region and he has made a mockery of the weapons inspection process.
Nancy Pelosi
I think the set looks great. It's kind of like Battlestar Galactica meets like the Italian furniture fair.
Thom Filicia