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Despite today's losses the Dow contract for its best week in four months in the S&P will have its best week since early this year.
-- next week bring we get a load of economic data fed chair Ben Bernanke testifies before congress in earnings season.
Right here next week and joining us at -- -- look at -- Levy senior strategist at the Zacks investors service are excited.
Well what what are you most concerned about.
Every -- and I'm joking I -- You know that the biggest thing now watching number one is earnings right now right I mean -- that's sort of the key and and and the focus I think for everybody but.
Tracy has something interesting came out and that's the PPI came out a little bit hotter than people expected remember the -- got two mandates they're supposed to keep prices for stuff that we -- -- Numbers keep inflation may.
I think -- deployment exposing you may well.
If prices start getting expensive it PPI and CPI which comes out next week which I think is going to be hot because of energy and at least -- was going all the oil.
I think at those prices start to get a little hot then the Fed has to act.
Or maybe pushed back tighter and that may force the market lower -- watching CPI closely and I was he watching housing numbers as well CBS.
Comes out on Tuesday housing numbers of course Wednesday retail sales I know always injuries you write this you eat your -- tell the consumers doing that's on Monday.
-- it does it worry it is time consumer might not be spending as much as people think.
You know the consumers just sort of barely been there and you know right before we went to break you know you were talking.
With the down on the party was saying in other markets is sort of built in his blog response right Alison out there there they're estimates in the bottom line is -- never expecting anything stellar from retail.
-- I think the number I'm looking for is like point 8%.
On the upside not much a slight -- of expertise -- point 7%.
So I think if that comes in which I think you will that's going to be okay -- actually look past retail stick with the CPI and housing next because both earnings I think that's for the folks -- a lot of SATA.
And earnings up because -- is not -- You know this starlet it's starlet there are saying that we all wanted to do and -- -- your picks here right.
Are intact sand XP and run them flash mammy -- you're looking for -- -- next week.
I saw again on the -- from Philly love rocky love a comeback story and you know I'm also a contrary in which means I loved the look at stocks -- beaten down now.
SanDisk in Rambis are to Stockton have been beaten down let's talk about -- dispersed.
It's -- Zacks rank one strong buy.
We exact had this thing called ESP basically it's an -- surprise -- your predictor and and what I look at his.
The analysts movements into earnings -- stand as they look very very positive the stocks trading at what fifteen times earnings get -- report -- because seventeenth I think we see it be there and I think SanDisk has some upside -- -- -- gone into earnings.
With SanDisk I would be a buyer now I started to talk about Rambis at the second stopping to discuss here intact.
-- is different story of -- just one back the patent.
The stocks really rallied some was doubled in value -- the past month or so.
-- I believe will be but I think it's a cautionary tale and I don't think you want to be buying even -- they're going to be and the reason why is.
The stock is really over but they're still losing money.
And -- still has a lot of proving to do.
To sort of prove its valuations premise if you're in it you might -- -- but don't.
I have but that's it could be a bit private example of analyst job from the bar so low that even with is jumping over it right here exactly how deeply he industries that now we're -- more manufacturing.
We are well and remember PPG is a coatings industry everything from automobiles airplanes these guys their paint on everything you're going for everything.
If the consumers really that strong and if really the economy's been as strong as they say it is and again I'm -- -- that relatively speaking then PPG should look good here again I'm looking for a B.
There -- that's ranked two by earnings EXP of two point 6%.
Which coupled with the by means we should see and I speak for PPG and I would be a buyer a PPG here.
He -- -- put you on Santa's Rambis or PPG.
I only own SanDisk at this time not PPG her rent this quickly before you go to the banks announced today good numbers you think financial's overall -- gonna have good reports.
You know all right so here's the promise financials it's a double edged sword -- -- right like.
Higher interest rates help them up I would look at companies like black rock companies like Goldman I think able surprise and they will be strong.
You gotta be careful here because the -- upon the bank's risk a sharp rise in interest rates may actually.
Hurt -- in the near term because they're existing investments but I think long term it's good for financials look for the cheaper want the guys have a lot of back.
Diversity and stay with those local banks I think the continue to do well.
Sharon Levy let's talk a new -- of information thank you -- great weekend.
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