The data still isn't in yet, but things are looking positive since the shopping season coincided with a big drop in crude oil, which means lower gas prices, that translates to more disposable income, which could mean stronger retail sales.

Adam Sarhan

Categorized in : Company News

So far, the Fed's been data dependant and the data including today's GDP numbers on average continues to be weaker than expected.

I understand the aging demographic thesis for this group, but they're not nearly as liquid as I'd like.

These all look like strong stocks, and I'd expect all of them to... by Adam Sarhan

These all look like strong stocks, and I'd expect all of them to see strong revenue growth.

Monetary policy from the Fed is forward looking and GDP by definition is a rear view mirror and the important thing now is that it wasn't a big miss.

So far, the Fed's been data dependant and the data including today's GDP numbers on average continues to be weaker than expected, which removes imminent threat from the Fed to raise rates.

Apple is an undervalued growth stock and has been for many, many years, even though it is the world's largest company, its price-to-earnings ratio is still below that of the S&P 500.

So far, both the economic data and earnings data has been weaker-than-expected and so that means that an imminent rate hike is most likely off the table.

Today you're bouncing off a 50-day moving average, which is a pure technical play. The fundamentals are improving a little bit because the situation in Ukraine did not explode. That was a concern over the weekend. Also, Greece hasn't fallen off the radar.

Things are looking positive since the shopping season coincided with a big drop in crude oil, which means lower gas prices, that translates to more disposable income, which could mean stronger retail sales.

The overall trend remains higher, but we're reaching a point where we're overbought. Six percent since last Tuesday is such a strong move in such a short period of time, even if bulls have the upper hand in the longer term.