Discovered new Software Issues and financials outperforming ahead of the stress test results. Joining for the hour to break this down is josh brown. I asked you what the key stock indicative of this market is and what people are watching you said gld that was surprising. I thought that was a private conversation, sarah nothing is private with me. I said gld because it trades like a stock and the dollar doesnt but what im really getting at i really feel the dollar is at a very critical level and i mentioned it was kind of sitting on support i think what the dollar does next from here could have big ramifications for everything from earnings estimates to emerging market stocks. It keeps weakening here. It hasnt broken down since trump has been president its been fairly strong. Some would say too strong. I know he would. For sure. You asked me what are people looking at and focused on, believe it or not its the dollar again gold is huge fiveyear breakout and breaking of the down trend is
Cutting the number of rate hikes it expects this year in half. What that means for the markets. Shares of fedex are up on earnings and company taking a shot at amazon on its call yesterday. Plus jim cramer spoke to target ceo about competing with amazon. How hes positioning his company against jeff bezos. First up something that would have been nun thinkable. Dow and s p down 1 for the year after the fed reduced the number of rate hikes it expect this year from four to two. Futures moving lower. Caterpillar issues First Quarter estimates in the wake of lower Commodity Prices even though they stayed firm on their guidance for the year, jim. Yeah. I found that two surprising things was one how deep the cut was First Quarter. And two, how they believe that somehow things are going to get better quickly. I think that caterpillar is in a nutshell what fed did. Look these are Great American companies. Not doing well at all. That has to do a lot with oil and gas and mining. Not just all inter
RBC Capital Markets analyst maintains Outperform rating on Nike but lowers price forecast to $110 ahead of its Q3 fiscal 2024 earnings release, despite highlighting China momentum and marketing strategies.