Technical analysis for shorts & longs Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs

SPY 692.24

+0.3%

Jan 15 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Johnny Canuck who wrote (39500)	5/21/2003 5:22:04 AM
From: Johnny Canuck	Read Replies (1) of 69808

Smith Barney sees signs of life in capex spending by Julie Rannazzisi Smith Barney surveyed its analysts and looked at about 670 companies to gauge capital spending plans for 2003 and 2004. The firm said the results revealed a "muted capital investment environment" overall. Capex expectations for 2003 are down 6.6 percent year-over-year while 2004 projections are up slightly. However, when excluding the utilities and telecom Services sector, which are saddled with overcapacity, 2003 spending intentions would actually be up 3.5 percent, according to Smith Barney. "The economy could be undergoing a nascent capex recovery, but doubting investors appear to be ignoring the changes," commented strategist Tobias Levkovich. He notes that spending restraint of the past could lead to pricing power, particularly in sectors such as the semis and lodging.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next