The big picture is that the economy is accelerating and we live in a consumer-driven economy. It seems pretty obvious what the best way is to play this.
More Quotes from Steve Neimeth:
IBM's numbers looked very good. Intel's the ugly one because the worry is many investors are expecting higher corporate spending to offset potential weakness in consumer spending.Steve Neimeth
This is hugely positive for the market tomorrow -- two bellwether companies reporting big upside surprises in a market where people are heavily short and pessimistic.
Steve Neimeth
Trading at 15 times earnings, that's happened only three times in the last 10 years. Later in those same years, stocks moved up to 20 times earnings. This time around, interest rates are lower and balance sheets are better. Historically, the stock market has a decent chance to move higher.
Steve Neimeth
I think the market will continue to rally as the economic data continues to improve.
Steve Neimeth
In light of Intel's very disappointing earnings, it makes IBM's numbers look that much better and makes it look like a possible safe haven for tech investors.
Steve Neimeth
The worry with Intel is many investors are expecting higher corporate spending to offset potential weakness in consumer spending for GDP growth this year.
Steve Neimeth
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Based on Keywords: consumer-drivenThere are more things to alarm us than to harm us, and we suffer more often in apprehension than reality.
Lucius Annaeus Seneca
Mental life is indeed practical through and through. It begins in practice and it ends in practice.
Samuel Alexander
If one does not fail at times, then one has not challenged himself.
Ferdinand Porsche