Page 45 - Halftime Report News Today

Market cap coming off the best day since may of 2023. Ordinarily youd have folks say, you know what, i it kills me but im going to wait for a dip and buy this thing i dont care that its up this much, im buying anyway. You bought nvidia. I did as i mentioned an annoyance not owning it. Everybody owning it fomo. Fomo when the earnings hit i tried to buy it, the stock trade down 28 which sounds like a lot. As i quickly went through the release in expectation of the Conference Call and everything is...

Be tested here, right . Sure are, right . I mean, weve been overbought in this market really since early february. I think that really we needed the catalyst. I think between the manufacturing numbers we started with and then on top of that oil and then we have gold prices up and then, you know, we have an economy that is strong. And i think the narrative around how many times the fed is going to cut rates or lack of is really going to cause the market to rethink certain sectors and certain secu...

Big tech earnings. First, stocks struggling to stay above the flat line the s p 500 up 0. 2 . Weighed down by banks and other older economy areas. The nasdaq outperforming up 0. 9 right now. Relief rally in amazon after some relatively reassuring results from the company last night. Tech also finally getting a bid after its been down more than 2 for the nasdaq this week its a painful week if youre in tech, even though fundamentally the big tech earnings havent been bad. It was a little reveal of...

Good earnings and then the ugly being the obvious. Whats going on with mega caps alphabet down, meta down, microsoft now down, apple as sara was talking about, now below 170. How do you size it up here yeah its weird its a day you have a bizarre strength in small caps doesnt really appear to be appro po of many in particular youre probably going to get favorable pce data on the inflation front, but i think the big takeaway we talked about this on tuesday, judge the first thing is that its probab...

On well see how it goes. Its been a brutal stretch of selling. Apple under 170, meta plunging nvidia threatening to close below 400. Microsoft not even able to get much going more broadly, yes, we are watching the s p 500 it closed below that key 4200 level yesterday. You take a look here, its moving further away. Health care energy among the weakest sector whether were only lets ask dave greenhouse, and Big Technologies alex canterwitz both are with me on set. Gentlemen, good to see you dan, yo...

That group is down 4. 8 , because of google and alphabet, a sharp negative reaction to earnings there. A big week obviously, on the nasdaq as well, which is down 1. 4 , alphabet will be the bottom performer, but youve also got weakness today in amazon, in apple, offsetting some of the strength in microsoft earnings and tesla. When it comes to finding opportunities in the market right now, our next guest says steer clear of utilities and largecap value, bullish instead on midcaps with a eye on ro...

Tomorrow night and apple making a nice move today as well. So were going to get to all of that. I do want to begin with you, josh, because you have interesting new moves that you have made in this market, and the first one is you bought corning. Glw, trading right around a 52week high. I dont know, pennies away from that. On pace for its seventh straight day of gains. Amidst this momentum, why are you buying it now . So it might be a little bit short term overbought, but this is the type of tact...

Security. We will stick with washington. Jim jordan preparing for round three of the speaker vote today. And the bottom may be in for the second largest economy in the world. Chu China Central bank takes new action to shore up the market there. It is friday, october 20th, 2023. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. Lets start the day as we kickoff the hour with the check of the stock futures. Right now, lower across the b...

Last six months. And i say far more than stocks and you will see why. Because, there you go. The s p is up 17 as is the russell. The dow good for 14 . Far from just that, copper, 34 . Have you been invested around that . Made a lot of money as with silver and gold. Bitcoin, of course, has rallied back up 82 . Pretty good to be bullish. Pretty good. So we went into this year saying that theres really going to be two things and that wall is a beautiful thing. I love seeing comer, i love seeing gol...

Josh brown, i love your general thoughts and perspective on hitting this milestone. Im not sure many thought back in april we would be here today, maybe one day but not this soon. You and i talked about this a little bit yesterday. The number one thing the bears got round was not the macro, in fact, the bears talking about persistently high inflation and higher for longer Interest Rates, they got all of that right. The thing that was missed by the people telling you to get out of stocks or to pr...