Purple creates where the power is shut off intentionally. Pg e expects to restore power in some areas by 10 00 p. M. 90,000 currently impacted by this power shut off. High wind over night and today will lots of damage. Branchs came crashing down. Winds threatening to spread small fires that started popping up across the bay area. One of the most recent fires sparked a few hours ago. Off highway 12. We have Team Coverage tonight. Well begin with tom in lafayette. About 17,000 customers have been without power since 8 last night. There were some fires but fortunately the winds were not as wickedly strong as some predicted. However pg e just put out a notice to a lot of customers here in lafayette who have lost power, thousands of people. That their power will not be restored until tomorrow at least. Because of high wind. They said they were not able to get helicopters in to fly equipment. To make sure there was no serious damage that could cause more fires. Also because there were not su
Cci up one point today. Oil is just above 42. In our road map this morning, target with a beat and a raise while lowes misses. Issuing words of caution, and11s years ago today google went public. First up target posting better than expected numbers. U. S. Comps up 2. 4, driven by items includes apparel. And then theres lowes a Quarterly Earnings miss beating on revenue. Comps up 4. 3 but issuing guidance slightly above consens consensus. 25 straight quarters of underperforming depot. Everyone underperforms depot. That Conference Call yesterday, its like they had this comp average, okay, about what aisles are doing better than others, and there were almost everything. Big ticket stuff and big ticket appliance for lowes. In my many dealings with home depot, were excited about the outdoor. You get spring planting season. Thats historically their christmas. In huge parts of the country, they had bad business. They still blew away the numbers. I have to tell you i feel bad for lowes. Lowes,
Off with what were calling the twin pillarsprosperity tech and bio tech. The s p tech bio sector. And bio tech breaking out, now up 22 , so do you stick with these groups of stocks how much higher can they go . Guy . I think you do. You stick with them for sure, but if youre asking would you rather i wasnt. Answer the question. Ten seconds in the show, youre coming at me. Felt like a would you rather to me im sor richl bio tech i think weve done a decent job. Said it needs to 300 steve has been talking about bluebird i think it was up 10 today, but all these names weve talked about in the immune other pi space, you saw it happen with gilead and kite. It open it is the flood gates for m a and a lot of these stocks valuation wise are still cheap not least of which amgen and celgene. It was a recent bid underneath the market. Bluebird was the next one. Juno as well so you see strength there. I think they both could. They both benefit from tax reform and they could have lack of inversions
Me jim cramer has the market lost its mind isnt it totally insane. After one more good day each of the average ascending to good highs. Nasdaq conveys. 2 ill admit, its kind of nutty, but bull markets are like that in a stampeding bull like this one, the level of optimism can feel border line delusional. Theres a widespread belief that everything works out for the best its really the stuff with novels not reality where the bad works into the good and the negatives turn into positives. Its like the saudi arabsound s mary pop pins. Now you may think its imprudent, capricious and total lilacing in any sort of rigger but what matters is this unreflective bullishness is making a lot of people money im going to lay out some particulars. Put it in a way that you know i like to do it, using stocks to tell the tale. First, theres exhibit a in the plan poe that run. You know which one im talking about, tesla this morning we learned tesla only manufactured 260 model three cars last quarter. Youre
Nasdaq climb. 22 . But as much as i love it when stocks go higher i recognize the mark can only go up as much as the earnings let it. Next week we get a parade of numbers that will challenge that numbers fate. Monday, we hear from a company that has captivated the analyst this week, netflix all week weve seen analyst tripping all over each other to raise their price targets in how netflix is signing people up worldwide while at the same time increasing its prices. I typically dont like it when stocks run in advance of earnings like this one few companies can ever live up to the elevated expectations, the hype netflix isnt any company. Its a company that pioneered the company for watching the programs you like without spending all the money on cable. Its a business that can scale like no other. It even have me watching things with titles. So, my prediction is when netflix reports after the close the stock will go up instantly by a huge amount or go up over time after a dip i think the c