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June 21, 2024
In this market you have to top fish. Thats the name of the game as it was once more today with the dow gaining and s p climbing and the nasdaq. I know the idea of chasing winners can be upsetting. Unfortunately, 2014 it has been all about angling from the 52week high list. And it wont stop now with just 20 fishing days until the end of the year. This hasnt always been the case. I have seen years where the cheapest rock bottoms needed to be bought. I have seen stocks get bit or activists but not ...
June 21, 2024
Country where the price is oil is already even lower and reports of people in the field saying the price is much like it might be with credit, what you pay for it at this point. A stunning decline here. I use the word stunning because this is not a financial crisis. This is not a recession at least in this country. This is a situation where contributing factors have pushed the oil price out. Everybodys jumping ship. Look at the traders. The funds. For moving out of the space. Im sure a lot of bi...
June 21, 2024
Like none other. Down 7 in the premarket. Cisco going in the opposite direction. John chambers reaction in a moment. Expedia buying the rival orbitz. Both stocks are spiking higher. But first up shares of tesla down sharply after a quarter operating loss of revenues also missed. They say weather, shipping problems affecting deliveryiesdeliveries. Tesla ceo elon musk said hes optimistic business will improve in china. I have confidence that by the end of the year well be in really good shape in c...
June 21, 2024
Country. The danger zone. And even the recession seems to have gone its course. And the cnbc learns that the ecb could be ready to announce a quantityive easing Program Based on the contributions made from National Central banks. French president held a emergency cab innocent meeting following three days around bloodshed that left 17 people dead. In london Prime Minister David Cameron is consulting Senior Intelligence Security Officials over the u. K. s response to the attacks. 3. 7 Million Peop...
June 21, 2024
Its another big day today of u. S. Earnings. Alibaba and ford all report before the market open. All eyes will be on google and amazon. Of course people are still talking about the fed press release from yesterday. The Federal Reserve not showing its hand that its wavering over whether to hike rates this year. In its policy statement the fed says it will still be patient. That word patient is still there in raising rates and is upbeat on the u. S. Economy setting solid growth and strong job gain...
June 21, 2024
We also have aman. What do we know now from the fbi. What we know now is the fbi is attributing this attack to the north korean government and what the fbi said in a statement is we can conclude that the north korean government is responsible for these actions. The fbi also putting out some of the details of why they know that but they say theyre not going to put out all of the details for fear of betraying u. S. Intelligence secrets here as they reveal exactly what they know about north korean ...
June 21, 2024
Texas intermediate. Oil started dipping lower. We have nice market leaders. Pharmaceuticals have been strong all year. They are up. Bio tech stocks up. The problem is in the oil sector. All the names we see almost every day all down as we saw oil dropping into the 52 range right now. I want to show you what the problem is. People keep asking me should you buy Exploration Production stocks here . Look at eog. Big in the permian basin, bakkan. That stock is down 25 , almost 30 in the last few mont...
June 21, 2024
Again. Dow seeking 130 points. S p declining. Nasdaq falling 1. 29 . After todays drubbing i know that anyone who says stay the course is now officially regarded as whistling past the grave yard. But i cant look at it like that especially since the averages only did rebound somewhat from the worst of todays selling. Im stuck with the fact that we are in a negative moment. Rationals may be to sell Oil Companies and some financials. I think when the market recovers there might not be that much of ...
June 21, 2024
The biggest surge ever is if the sign of a bubble, a frothy market . Containing the measles in america from california to the midwest. Measles are back. What you need to know to protect your family. All that and more this hour of power. First, to sue, at cnbchq. Stocks under pressure today, all about earnings. The impact of the strong dollar the continued drop in oil, and so lets get you up to date on numbers with the Dow Jones Industrial average now in the green by about 43 points. Nasdaq compo...
June 21, 2024
We saw this when stocks looked like they would run with the bulls. When i fired up the pc at 3 30 a. M. It seemed like our market was about to explode up perhaps as much as three quarters of a percent. Since every major stock market was roaring and oil was drifting down, not a lot of fervor. And then a parade descended on this market like a flock taking everyone by surprise. First oil rolled over in a big way. I will tell you about oil later. Every time oil gets pounded not a gentle push but a g...