Stocks tumble on manufacturing weakness—here's what Cramer and other industry pros see ahead (via TradingNation)
RBC Capital Markets' Lori Calvasina, the firm's head of U.S. equity strategy, said she wouldn't be buying the market's dips just yet:
"We've looked at the last month or two, and we've said it seems a little bit odd to us. I mean, we do think stocks are going to be higher over the next year. We don't think we're headed into a recession. But you look at how markets have acted; they've acted like we're heading into this massive, sharp reacceleration in economic activity, and that just hasn't been our view. That's not what we heard in this last reporting season.
Jim Paulsen, chief investment strategist at The Leuthold Group, said one weaker set of results doesn't change an otherwise bullish layout: "Well, it's a bit [of a] weaker number, ... but I don't think it changes a lot. The international number, as you said, was better. A lot of numbers here have been better of late, too. The GDP Atlanta number just came way up to 1.7% for the final quarter. What I'm impressed by ... is the amount of unused capacity we have left even though we're in the 11th year of an economic recovery and bull market.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cramer: I'm not worried about a December stock market drop like last year'Nothing worries me in the sense of looking for a big sell off in December,' says CNBC's Jim Cramer.
Read more »
Stocks tick up on upbeat China factory reports, trade talk hopesGlobal shares shuffled marginally higher on Monday to stand just short of the re...
Read more »
Picking Chinese Stocks in the Trump EraThe nature of China’s economic slowdown has changed. Understand how and investors have a better chance of putting their money on the right stocks when it becomes clear whether the White House and Beijing can settle their differences on trade.
Read more »
Global stocks tick up on upbeat China factory reports, trade talk hopesGlobal shares rose on Monday and oil rebounded after upbeat China manufacturing ...
Read more »
Asia stocks set to open higher as investors await Chinese manufacturing dataThe Caixin/Markit manufacturing Purchasing Managers' Index is set to be out on Monday, while official data released over the weekend showed factory activity rising unexpectedly.
Read more »