Valuations, and when youre hitting major levels to get to another new let them, you always bump up against it and come back here youve got the added factors of, number one, a weaker dollar, which is, as he saw in the report yesterday, pushing inflation higher, that was the clothing aspect of it. What ive done over the last few days is ive added some positions that i had i initiated a couple of new positions. In what bungee. Bungee came down dramatically after their Quarterly Report theres lots of talk about an acquisition, maybe adm, their approach last year if it doesnt happen, its a place i want to be because Agricultural Prices are also down, i think its temporary i also bought back delta it hasnt moved up as much as the others ive added to baba, i added to apple, actually, just for pete nicely done, smart move so i think were okay but its time to pick stocks everything is not going up pete, who is to say this v recovery doesnt turn by a w and why wouldnt it . It usually does. The s
Concerns about growth in china weighing on investors after one report that apple had been replaced by xiaomi as the smartphone maker. It points to a lingering concern is that market share in china one of the most important markets is gn to the down side, not the up side. If you want to look at apples reaction to china, theres a couple of conflicting data points you have to consider. In the Conference Call tim cook said equity markets have recently been volatile this could create speed bumps in the near term. Then he said about the stock market, this worry is probably overstated. So were not changing anything, we have the pedal to the metal. Lpe penetration in china is only 20 . People are getting phones that can handle faster internet speeds, the middle class is growing. But at the same time hes saying in the short term maybe it does show up somehow in the numbers. Were still growing fast. Are we in a period where we dont know what the holiday is going to look like for these guys . We
European equities on that historic day for the uk. We were just talking about this, the ftse 100 almost 6700. This index has recaptured its prebrexit highs and then some. The german dax still lagging. Italys might s mib is lower. Spains i bex is higher. There has been so much action lately. The euro hanging in there about 1. 10. The yen has been weakening again of course after the elections and bernankes trip and whether or not theres going to be helicopter money. Finally a check on crude oil. Yesterday the rally did the traders on the floor contribute to the rally we saw in stocks broadly. Energy one of the best performers. Today its moving the other way. Wti and brent lower. Which is by the way the best performer of the year. Up nearly 1 again at 2. 75. Todays economic agenda. Followed by the monthly federal budget and beige book. Kaplan and harker are speaking today as well. Young brands report earnings. Two prominent members of the fed making comments. Neel kashkari saying it isnt
Beyond Meat Jump Hurts Short Sellers, Sets Them Up for a Squeeze bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Beyond Meat Inc. jumped as much as 61% in intraday trading Wednesday — its best one-day move since 2019. The surge is setting traders who have bets against the stock up for a lot of pain.Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyHow Much Wealth You Need to Join the Richest 1% Around the WorldTrump Eyes $4 Billion Stock Windfall as His Legal Bills Pile UpFlawed Valuations Threaten $1.7 Trillion Private Credit BoomStocks Decline in Run-Up