Sterne Agee analyst Chase Jacobsen has lingering concerns that temper his outlook, but says he is growing less pessimistic on the sector, upping his rating on companies like Vulcan Materials and Martin Marietta Materials to neutral, from sell.
Still, companies have tempered their outlook with concerns about future economic growth, government regulation and the debt crisis in Europe, he added.
Dell's chief financial officer, Brian Gladden, said in an interview that the company had tempered its outlook for the fiscal third quarter partly because it expected distributors to hold off on buying new computers before the late October release of the latest version of Microsoft's Windows operating system.
Joining a long and growing list of European companies voicing concern about the slowdown in the United States economy, Anglo American, the world's largest mining company, tempered its outlook for this year, even as it reported that profit in 2000 surged 26percentt.
Dell's chief financial officer Brian Gladden said in an interview that the company tempered its outlook for the third quarter partly because it expects distributors to hold off on buying new computers before the late-October release of the latest version of Microsoft Corp's Windows operating system.
In the United States — where the expansion is in its ninth year and cyclical unemployment has all but disappeared — a soft patch in early 2017 and policy uncertainty have tempered our outlook.
But some companies have tempered their outlooks and analysts expect a 2% contraction in the first quarter.
Dell also tempered its revenue outlook for the rest of year, citing sluggish sales in the United States and Europe.
"Now, with the economic outlook tempered, business leaders will be looking to the chancellor to incentivise investment and instil confidence when he delivers his autumn statement".
"The tight link between the performance of emerging and U.S. asset markets has tempered our optimistic outlook for emerging markets financing," the fund said in its first quarterly report on investments in emerging markets.
Andreessen was also tempered in his outlook for startup hubs in the rest of the world.
