Earnings actually have been very good in the second quarter. Sixty percent of the companies reporting so far have been upside surprises. That's not quite as aggressive at this point as the first quarter reports were, but still a very good performance in a weak quarter.
More Quotes from Ronald Hill:
This is one of the great correlations, ... People used to watch this religiously (and) still do.Ronald Hill
These are companies that, through cost cutting, can continue to deliver upside surprises, ... Even if they don't get a lot of pricing help. Which I don't think they're going to get.
Ronald Hill
You've got a lot of layoffs, but yet 132 million people are earning legitimate wages,
Ronald Hill
The fact that hourly wages were so small and, in fact, the work week was down -- it is very positive. It means there are not a lot of wage pressures, not a lot of demands to add new workers.
Ronald Hill
We were surprised because it was a little light on the top line.
Ronald Hill
Their recurring revenue from the cellular sales is actually doing better than they think. Growth rate may be bumped up, profits looking pretty good, sales looking good. I think it maybe time to start fishing in that pond again.
Ronald Hill
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