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.
More Quotes from Ronald Hill:
You've got a lot of layoffs, but yet 132 million people are earning legitimate wages,Ronald Hill
We were surprised because it was a little light on the top line.
Ronald Hill
This is one of the great correlations, ... People used to watch this religiously (and) still do.
Ronald Hill
Despite the payroll employment number being higher than expected, the fact that average hourly wages were so small means that there are not a lot of wage pressures, not a lot of demands to add new workers and, therefore, not a lot to worry the (Federal Reserve) in this report.
Ronald Hill
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.
Ronald Hill
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