Based on the latest batch of earnings, the outlook for technology stocks isn't looking rosy. We're seeing fewer and fewer winners in the industry and that's rather worrying.
Overseas buying is the biggest support we have now. Any stabilization in crude prices helps boost sentiment.
With crude oil staying high, gas company shares are going to gain. Growth is also going to be fueled by the current economic expansion.
Commodity stocks are moving in line with the prices of raw materials. Higher commodity prices are feeding through to earnings.
Sony's results look pretty much in line with market expectations, in that they didn't disappoint. The problem is that you can't see any pillar of growth.