Is it time to bet on stocks that thrive and rebound in the economy . Thats what todays action said. Dow gaining 359 points the s p rising 1. 47 that was easy ooh, and the nasdaq advancing 1. 1 buy, buy, buy with many of the biggest losers of the year leading the way. [ moo i say not so fast. Look, we all want to go back to normal even after we lift the lockdown, the new normal will be different from the old normal. Im tired of the cliche, normal this, normal that. Things have changed for starters the new normal is less investable i dont think it makes sense to fall into the gap of Carnival Cruise or attend live nation concert. The streets roared theyre compressed springs given how far theyve crashed, i think theyve got more legs to them hey, if i were a Hedge Fund Manager id do these stocks by tradein state by state openings if i were an investor like you, i would let them run if i was stuck in them, then escape for the stocks well be talking about later in the show. You have to unders
Not the way most people talk about it instead, youve got a market of stocks thats an important distinction, particularly in carmerica. Stocks are like snowflakes, no two are the same sure Everybody Loves index funds as a lowcost way to get ebbs posure to the whole asset class. Im one of them. I please guilty. Including today where the dow and s p both notched new alltime highs former fall of 119 points. S p gained 1. 5 . Nasdaq dipped 0. 19 as the rotation continues but i think the totality is a lot less illuminating than looking at individual companies and what actually drives them. For example, just last week, we did a twopart interview from the New York Stock Exchange with boeings Ceo Dennis Muilenberg where he told us that his company is having an extraordinary year maybe told us in seven or eight different ways its spewing cash and he made it pretty clear that this is the healthiest boeings ever been. So he wants to reward you, the shareholder. Sure enough today, boeing boosted it
Good. Another video short sego viral, what he is fighting for. And fire up though organs. More bad news for game stop. Varney and company starts now. Charles we begin with game stop. Look at your screen. The fact the we do follow closely. I wonder if Vincent Price one come out. And disappointing profits on growth and that is not good for the company. Maria walmart will be selling used video games and this will be major competition for game stop at a time they are already struggling, stocks down 70 on weaker results. It is not looking good. Charles the Conference Call how important they are, this is gangbusters. Even First Quarter guidance, it is amazing. Is that a foreign concept to drive your car to a store, go in and buy a video game when everything is going mobile . You have to question a Company Based on that. Charles particularly when in a sweet spot for kids to use the internet. Sandra they know their target market very well. Charles i used to love going to game stop because they
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