The mood is very positive. Earnings are supportive, the economic data is supportive and there's an M&A frenzy. We think inflation will remain contained.
The mood is very positive. Earnings are supportive.
Corporate results are coming in a fairly decent way and are better than expected, the market is clearly focusing on the ones that surprise on the upside and are hammering the ones who disappoint.
Commodity companies are benefiting from continued growth. We expect they will keep doing well as the global economy expands.
Every negative development in the oil price slams the energy stocks. Oil companies are increasingly dependent on higher oil prices because their own costs are also rising.
For the time being I wouldn't panic or read too much into (the oil price), but if it goes even higher or if it remains at such a level for an extended period, it could become a drag on the economy.
We're still positive on the stock. It's clear that ABB, after a downturn, is benefiting from strong demand. That's very positive, not only for the results but for the outlook in 2006.
The whole sector is going through the roof. Everybody is guessing what could be the next target.
It's a cash machine. The company is well positioned for growth in Latin America and Asia.
People are a bit concerned about higher inflation and pressure on profit margins. After a strong run in the first quarter, it is healthy and normal to have a pause for breath.
