They've taken some of these stocks down to really low valuation levels in tech and telecom and the leaders are going to come out ahead of the game, ... This is an opportunistic environment for any of those companies that have cash and are looking to acquire technology.
More Quotes from Tony Dwyer:
This is a market where too many people have already bought. Everybody is already in, so who's going to be the next buyerTony Dwyer
That's a likely outcome. For the time being, as long as earnings are so strong, I think the worst of the market's worry about a Fed rate hike has probably already happened.
Tony Dwyer
There's a bias, because of the bubble-popping, to be negative no matter what after we've had a good rally, because you don't want to be accused of being too optimistic.
Tony Dwyer
We've had a market where negative news on the economy and the corporate profit picture have dominated. Companies may have beaten lowered estimates, but we're expecting weak economic reports this week.
Tony Dwyer
Instead of worrying about this quarter's earnings and the rate hike, let's look at 1998 now. Let's see what the kind of earnings we can have then. If there's no inflation in moderate growth, those numbers could come in very good, and the market can continue upwards.
Tony Dwyer
We're due for a week's worth of consolidation. Just some backing and filling. Following that, we can head higher.
Tony Dwyer
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Based on Topics: Computers & Technology Quotes, Leadership Quotes, Leading & Managing QuotesBased on Keywords: opportunistic, telecom, valuation
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