New short-term catalysts are unlikely, Goldman Sachs analyst Waqar Syed noted.
Syed added that first quarter consensus estimates are too high, cash flow remains weak and expects outflows in first quarter, and he does not anticipate any significant strategy announcement on the first quarter conference call.
(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views. Click here to listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)