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June 23, 2024
Scorecard later this hour to see where things stand after a busy week this week. While thats happening were counting down to the feds next decision. The Central Banks twoday meeting kicking off tomorrow with the policy meeting wednesday at 2 00 p. M. Eastern time. The economists not expecting a rate hike. No News Conference after the decision this time around. That leads up to the main event of the week. Cnbcs republican president ial debate. It starts at 5 00 p. M. Eastern time. This week . Thi...
June 23, 2024
Hence why the averages keep getting hammered. Nasdaq plummeting over 3 today, a truliy hideous day. A wakeup call for everyone who ignored our repeated warnings. First up, commodities. Its no secret that china is not just slowing. Its industrial demand seems to be downright exhausted. Which means all companies that help extract or produce commodities are performing horrendously and will continue to do so. Why dont we start with one of the lowest cost pouroducers of iron ore is the colonssal braz...
June 23, 2024
Equity markets and check out the futures this morning. At this point there are very sharp upward moves. Dow futures are indicated up. S p futures indicated up by 22 and the nasdaq up by 56. Of course september hasnt been so good but with one trading session left, the dow, s p is and nasdaq are all sharply lower on the month. Nasdaq is down by 5. 4 . If you check things out for the quarter to date returns all three major indexes are poised to hit their worst record. You take a look at declines of...
June 23, 2024
Saying moscow was reckless in its actions. Literally losing the shirts off their backs. Theyre forced to flee a meeting with workers that turned violent as the airline details its job cutting plans. What a day it was for u. S. Markets yesterday. Youve seen a percentage of advantages up 200 . Meantime the s p also saw its 5th best day of the year and the nasdaq is out of correction territory. You see regaining all of their september losses that we saw being lead down by the concerns over in china...
June 23, 2024
Points. Here are the big stories were watching today. Weyerhaeuser is buying plumb creek timber for 8. 4 billion in the total price tag. The combined company will keep the weyerhaeuser name and manage 13 million acres of timberland. You can see plumb creek timber up 17 in the premarket. The dubai air show is now open for business. The last show two years ago saw record breaking orders. Thats not the case this time. No major purchases yet announced. Some say this is raising the red flag about the...
June 23, 2024
Ibm shares as carl said moving in the opposite direction at least eight firms cut their price targets on the stock, this after disappointing sales and guidance. Tim cook optimistic about apple music and its more than 6. 5 million paid users. First up, yum brands announcing plans to split into two publicly traded brands, yum brands in china. Them focus on expanding those chains around the world. That separation expected to be completed by the end of next year and continues this trend of Companies...
June 23, 2024
Speak for yourself on what the big one is that everyone will be watching. Theres another big one . Theres only one big one as far as im concerned. Comcast. Yeah. I think some other people are interested in apple but, you know, when you say the big one some people. They are both companies that have invested the market. Apple up 9 , comcast up 7 . There you go. Apple down in the last three months 5 though verses the market being off. A little bit of a rotation. Comcast has done better. With comcas...
June 23, 2024
Fox sports had an electronic failure that caused the delay in the game during the 4th inning but little did everyone know the game would go another 10 innings. The game starts with a rare inside the park home run. There it is right there. Putting the royals up early. Dont often see that. The mets would come back though and they would lead until the ninth when the royals ended up tying it up. They did finally win the game on a sack fly. 54 royals. Game two is tonight. But dont watch it because to...
June 23, 2024
Quarter guidance. And default averted. The Senate Passes the budget bill to boost spending levels for the next two years. We had a major indices falling for a second straight session taking a look at the implied open. The fair value is telling us well be higher by 7 points. The Dow Jones Industrials looking at gains of 57. The nasdaq seeing an advance of 17 points and thats above fair value right now. Lets show you the month that its been in october as we head into halloween tonight. Actually to...
June 23, 2024
Today. Our road map begins with priceline. Shares falling what is driving the stock down . An 8. 5 billion deal creating a timber giant. And are big changes ahead at yahoo . Stocks make it a lucky seven. The three major indices in the midst of a winning streak. Small caps posted strong gains last week with the russell up 3. 25 percent. Jim, exports down 6. 9 in china, double the estimate. The consumer, this is what were focused on. Weve got singles day coming up. I think that will be the biggest...