The results were of fairly high quality.
It's a cash machine. The company is well positioned for growth in Latin America and Asia.
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.
Steel stocks are cheaply valued, they're cyclical, they're very well known for their capital destruction during downturns. Now instead of increasing capacity, they're buying capacity or buying competitors.
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 sentiment now is outright bullish.
The mood is very positive. Earnings are supportive.
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.
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