“The U.S. stock market’s rally may last until the middle of September and investors should buy the highest-quality companies including Apple Inc., Goldman Sachs Group Inc. and Berkshire Hathaway Inc., Laszlo Birinyi said,” Eric Martin and Betty Liu report for Bloomberg.
“‘In this kind of a market with everything going up, we would rather be with names we understand,’ Birinyi, president of Birinyi Associates Inc., a money-management and research firm based in Westport, Connecticut, said in an interview with Bloomberg Television,” Martin and Liu report.
“Birinyi… spent a decade on the trading desk at Salomon Brothers Inc. and is known for pioneering money-flow analysis,” Martin and Liu report.
Full article here.
[Thanks to MacDailyNews Reader “Edward W.” for the heads up.]