Kim Forrest
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Kim Forrest

Microsoft Corporation (MSFT): Now Is Not The Time To Sell Microsoft

"I guess we are going to really have to do some soul-searching here to see if we really want to own a phone company," said Kim Forrest, vice president and portfolio manager of Fort Pitt Capital Group, which owns about 650,000 shares of Microsoft. "We've taken a pretty dim view of the ...

Stocks will go up in 2014, but only a little bit

Without strong earnings, investors may not be willing to pay as much for stocks, especially since the market is already trading at a premium, said Kim Forrest, senior equity analyst at Fort Pitt Capital. By the end of 2013, stocks were valued at more than 15 times earnings estimates for ...

The 2013 Nasdaq is nothing like 2000: It's not a bubble now

It's a lot more mature now," said Kim Forrest, senior equity analyst at Fort Pitt Capital. For one, the Nasdaq is no longer as tech-heavy as it used to be. Tech stocks still make up about 42% of the Nasdaq composite, but it was nearly 60% at the height of the tech bubble, according to ...

Market volatility is back and here to stay

For Kim Forrest, senior equity analyst at Fort Pitt Capital Group, the spike in volatility isn't the worst thing in the world. If stocks continue to pull back, that may create buying opportunities. "I have a lot of stocks that I've been wanting to work into my portfolio but thought ...

Dow, S&P 500 hit record highs

"A lot of these earnings are stepping over an extremely low bar, but still stepping over the bar, which is reason for some optimism," said Kim Forrest, senior equity analyst at Fort Pitt Capital Group. In other earnings news, Verizon ( VZ, Fortune 500 ) reported a 21% jump in quarterly ...

Analysis: Fiscal crisis seen hurting tech earnings

"Oracle and IBM both have super strong sales teams that can bring home what they need to year after year," said Kim Forrest, senior analyst of Fort Pitt Capital. IBM and Oracle could not be reached for comment. (Reporting By Jim Finkle; Additional reporting by Saqib Iqbal Ahmed in ...

U.S. Stocks Gain Behind Jobs Data

Kim Forrest, senior equity analyst at Fort Pitt Capital Group, which oversees $1.5 billion, hasn't been deterred by the recent market downturn, saying that she has been adding to holdings of small companies in recent weeks because the economy has shown signs of improvement. "A lot of the ...

Intel Is the Biggest Bargain Out There: Fort Pitt’s Forrest

And yet, analyst Kim Forrest, at Fort Pitt Capital says this time it's going to be different. "At this point in time, I couldn't be happier owning this stock because I really think 2013 is going to be the year in which they begin to show some traction," Forrest says in the attached ...

US STOCKS-Wall St dips after rally; biotechs drag Nasdaq

Yesterday we got the news once again that it is not likely, so our favorites went up," said Kim Forrest, senior equity research analyst, Fort Pitt Capital Group in Pittsburgh. "Today, we are getting confirmation the economy is OK, it's not great, and today investors don't want to be ...

S&P 500 at record as Ukraine-Russia tensions ease

"In the short term, the market always over reacts," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. Forrest said she expects volatility to return to the market as the situation in Ukraine remains fluid. The Dow Jones industrial average .DJI rose ...

S Nasdaq extends winning streak

"We're going to see weather as a huge brush over a lot of economic data, mostly if it is related to the consumer," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. Forest Laboratories (FRX.N) was the S&P 500's best performer after Actavis (ACT.N) ...

Wall Street falls as new homes sales, emerging market concerns weigh

"Earnings gave investors hope but the reality of all the moving parts of emerging markets and weak home sales made them rethink how good results from a handful of companies really are," said Kim Forrest, analyst at Fort Pitt Capital Group Inc. Investors were also cautious ahead of the ...

After Three Days of Losses, an Uptick for the Markets

“Europe’s data has not been bad; it gives optimism,” said Kim Forrest, senior equity research analyst at the Fort Pitt Capital Group in Pittsburgh. She said investors awaited Friday’s jobs report and the start of the corporate earnings season for trading incentives. Economic activity may ...

Wall Street to rise after string of losses

It gives optimism," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. She said investors awaited Friday's jobs report and the start of the corporate earnings season for trading incentives. S&P 500 futures rose 6 points and were above fair value, a ...

Retailers Lead Wall St Higher Dow Up for Sixth Day

"I don't get why we seem to have an eternally upward market, but it looks like that's what we have," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. "There's no reason to sell stocks, but also not much reason to buy except for that fact that we ...

Stocks close higher on Wall Street

“Twitter has really reawakened the retail investor,” said Kim Forrest, an analyst at Fort Pitt Capital Group. “Maybe they're responsible for the market drifting up the way it has today.” Airline stocks rose after reports that US Airways Group Inc. and American Airlines, which are seeking ...

UPDATE 3-Twitter boosts IPO range amid strong investor demand

"This is not a surprise," senior analyst Kim Forrest of Fort Pitt Capital Group, which manages $1.5 billion in assets, said of Twitter's decision to raise the price range. "The people underwriting the IPO have a responsibility to the company selling these shares to extract the highest ...

Wall St slides on worry West will strike Syria

The possibility of military action in Syria is highly disruptive of markets "because it's bringing in Russia, and that complicates things tremendously," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. The U.N. Security Council has been ...

Wall St Weekahead: U.S. stock investors pin hopes on retail therapy

"Any commentary coming out of these late-filing retail companies is going to be interesting," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. "We're shifting back to a little broader perspective on how the economy is doing, how the consumer ...

Wall Street set to slip at open beginning busy week

"Earnings have been good so far, but they have come in low-quality," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. "We haven't really seen margin expansion or a lot of revenue growth and that can keep a lid on the markets in the short term. " ...

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