Word: bullishly
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Industry analysts see the current gains as more than a flash in the pan. "We think there is a steady recovery under way. We expect it to continue," says Scott Painter, CEO of TrueCar.com, an online car-buying guide. That bullish view is supported by a new round of positive economic signals. While consumer confidence remains shaky, underlying economic indexes, such as freight-car loadings and oil-rig counts, show that the overall economic picture is improving. (See pictures of the best-selling cars in China...
...House Hispanic Caucus, who had threatened to withhold support for reform over provisions related to undocumented immigrants. While Democrats still do not yet have the 216 votes needed to pass the bill, an aide to the House Democratic leadership said House Speaker Nancy Pelosi is "feeling ultra-bullish." A source in the House leadership said Democrats are also getting a boost from grassroots reform supporters who stepped up pressure on wavering Democratic members through phone calls to their offices. And on the same day, President Obama postponed a trip to Asia - he was due to leave Sunday - a move that...
However, Michael Niemira, chief economist at the International Council of Shopping Centers, is more bullish. He sees the February sales numbers as the beginning of a cyclical recovery. "I think the picture is overwhelmingly one of a retail recovery," he says. While he acknowledges that the sales increase is off weak 2009 numbers, he's nevertheless optimistic. "A broad retail recovery is in play," he contends. "There is a fair amount of pent-up demand ... and we're only seeing the beginning of that...
...Amazon's shares recently traded at $115.85 a share. Anmuth has a 12-month price target of $165 on the stock while Khorsand is even more bullish with a $200 target. "I think there's considerable upside from here," says Khorsand. "They have a level where operating margins are tracking above 5% in 2010 and that provides them with a level of cash flow and earnings that would support a $200 stock price...
...bullish? Historical data indicate that consumers step up spending in the year following a recession's trough, says Canally. However, he concedes this year's snapback won't be as big as those following the last two recessions, since consumers currently face headwinds from high unemployment, the battered housing sector and frozen credit markets. "We're well into a jobless recovery, credit lines have been cut, and consumers can no longer use their houses as ATMs," he says. Nevertheless, Canally says, consumers are benefiting from last year's rebound in the stock market and higher consumer savings rate, which makes...