The drop in oil prices is definitely positive for stocks. It takes some of the pressure off the markets, even if it is only for a short period of time.
More Quotes from Tim Ghriskey:
They are spending heavily to encourage future growth. They've got a lot of competition. Their competitive edge is their brand name and shopping experience.Tim Ghriskey
There are some high-profile upgrades this morning, and Exxon Mobil and Intel are certainly helping the market. Adobe earnings, the current account number coming almost in line, and the moderation in oil prices will be a positive on the market.
Tim Ghriskey
Even though this was a well-anticipated reversal... the market still has reacted positively to the ruling in pushing up tobacco stocks, because this removes yet another legal impediment to the survival of the industry.
Tim Ghriskey
Its valuation means it's priced for perfection and perfection was not delivered this quarter.
Tim Ghriskey
When a company selling at this valuation and is this much of a Wall Street darling, and what we call a cult stock, misses earnings to the degree it missed here, the stock is really going to be hurt by it.
Tim Ghriskey
Clearly Delphi is under pressure here, and their threat (of bankruptcy) is a real threat. Their first order of business is to try to renegotiate some of those (union) deals and terms to ensure the viability of the U.S. business.
Tim Ghriskey
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If I'm going to fly for more than twenty feet it's generally a good idea to get a stunt guy.
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I like the idea of taking a true classic written by a true genius and destroying it essentially! I like the idea of bringing it down to earth a bit - and even a bit lower than that.
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