With companies like GE we expect earnings to remain strong through next year, where the momentum with tech may begin to slow.
More Quotes from Subodh Kumar:
What they're looking at is the rate increases by the Fed, and probably the other central banks, should result in somewhat slower inflation pressures and slower consumer growth in the U.S., which markets would like to see.Subodh Kumar
The market is showing the classic signs of the beginning of a cycle, a new bull market.
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
The market is now factoring in that first-quarter earnings will likely be below consensus. And the reality is that economic growth is probably going to be between 3.5 percent and 4 percent, which is good but maybe not as strong as what some people were hoping for.
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
If you put together a ruling in favor of one of the largest industrial sectors in the U.S. and positive news on large companies, such as GM, it's not a surprise to see the market up today.
Subodh Kumar
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