This lends a positive tone to tomorrow's opening, as well as crude being down significantly today.
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
The jump in oil prices lifted shares in the whole energy sector. And we also had very strong confidence numbers, which helped support the rest of the market.
Tim Ghriskey
It's taken a while to generate the real increase in trash levels that these companies benefit from. That's what we're finally seeing flow through here.
Tim Ghriskey
This should lead to a positive tone to the start of the market today and to the outlook for industrial earnings.
Tim Ghriskey
It will strengthen two companies that aren't particularly strong. The industry needs that consolidation to make them stronger against competing technologies.
Tim Ghriskey
The results were very impressive, especially given the market environment, ... Clearly the trading business made the quarter, helped by Spear Leeds, which obviously distorted it a little bit.
Tim Ghriskey
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