Usually, the groups under stress bounce the most at a bottom since they would benefit the most when the economy improves,
More Quotes from Subodh Kumar:
Some of the content parts of the media side like Seagram and Thomson seem to be benefiting so it seems fairly wide spread,Subodh Kumar
Very high short interest numbers could be a positive for the market since it suggests this market rally was not expected by bears. If the market has recovered, then people have to cover their short positions, which means there will be more buying power.
Subodh Kumar
Generally, I don't think it will be a damper on earnings. There are some things you can measure like near-term revenue loss because restaurants have been shut off and stores have been shut off. But if you look at previous disasters like Hurricane Andrew, the expenditure on replacement of homes and capital goods and spending on things like supplies for workers was quite strong.
Subodh Kumar
The rebels have melted into the jungles and we are now helping the terrified passengers, including, women and children vacate the area.
Subodh Kumar
In the last few months, there's been a lot of volatility. I look for less volatility in the markets. And I look for the leadership to evolve to the following areas -- where the rates stay in check - the banks, the utility stocks - those do very well, and financial services and utilities. And the second area that I would look for to do better would be companies with real earnings but relatively low multiples, and examples of those are the communications companies and semiconductor stocks,
Subodh Kumar
With close to 20 per cent of the SP 500 companies having reported, year-over-year operating earnings growth for the third quarter at 14.9 per cent appears in line (versus above consensus for recent quarters) but still good,
Subodh Kumar
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