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June 21, 2024
We have a forecast coming up. We start with the tail end of earnings and all those predictions that we would see negative Earnings Growth. We had the report and since then the s p 5 hundred index is up about. 9 . Bob pisani is live with where we saw gains and losses and what expected from retail this week. First up the answer to this question. Did we see growth this earnings season . We are pretty close to seeing an actual Earnings Growth picture for all of this season. Lets take you to the scor...
June 21, 2024
Getting ready to report its earnings after the bell. Lets take a look at shares. Currently up by 1. 9 . 132. 73. That stock is up about 20 this year so far. Most of that however, was before it joined the dow just over five weeks ago. What can investors expect to hear . What will it do for the stock . Josh lipton is in cupertino, california. Mandy, as you mentioned, apples stock has moved sharply higher this year. But can ceo tim cook keep that momentum going . Well find out after the close today...
June 21, 2024
Pipeline on shore and hasnt stopped at this point. Crews are trying to contain the mess. Right now lets get to the market business of the morning. You can see this morning the futures are missed. Up by 5. 5 and nasdaq down by 0. 5. They say the country will not be able to make an imf payment due without its international lenders. The euro hitting a two week low on renewed concerns about athens debt and in Corporate News the Justice Department expected to announce a settlement with five of the wo...
June 21, 2024
Turn things around. After three Straight Days the market once again opened down big. Nearly 140 points before the averages rebounded. Dow declining 40 points. Nasdaq dropping 2. 7 and the s p dropping 4. 9. I call it a victory for the bulls. How did the rebound happen . First we have pieces of positive Economic Data to help the bullish costs. One of the main reasons we have been hammered has to do with very pumped data involving our economy. Soft durable goods numbers were a bummer. Soso housing...
June 21, 2024
Doing fine or the percolation through the market or perhaps the dollar peaked and were through with the dollarrelated estimate cuts or that we have a huge amount of interest in high gross stocks by positive news flow. That would be something new. Responsible for the dows 46point gain and nasdaq. 32 add a vance. Which one . No, its a combination of all three. Buffet, the dollar top and high growth, the best back to back days since february. Let me parse todays session and help you make sense but ...
June 21, 2024
Now shareholders of kraft will get that in the form of a dividend worth about 27 of the shares of kraft right now. I believe thats what it is. 16. 50 is the number we were hearing before this crossed the tape. 27 , youre right. We believe that equates to 1650 as we speak. I have props guys this morning just to show everybody sometimes you try to figure out what these deals actually mean. This is what it actually means. You have planters did you get this all out of your of course the ketchup, Eve...
June 21, 2024
Banks report earnings and revenue both handily beating estimates. Earnings dont symptom there. Ibm, and amazon in the next few days. And very close to home, an important week for the comcast time warner merger, a meeting with the department of justice is set to try to ensure that deal is not derailed we begin a new trading week Chinas Central Bank cutting the reserve ratio by one percentage point to stimulate lending. They still, guys a lot of no progress being made regarding greek talks and the...
June 21, 2024
Cisco beat expectations. John chambers did talk to cramer last night. Jc penney narrowing losses but the news not great for kohls. Shake shack beating expectations with a nice profit. Cisco revenue coming in at 12. 1 billion 5 year offer year. Here is what John Chambers told jim last night on mad money. Our company is the most excessive position ever. We moved from selling boxes to outcomes. Youre digitizing every Company Every country. You change or disrupt or get left behind. Cisco is the lead...
June 21, 2024
Today a pair of deals. Endo buying parr pharmaceutical and for just over 2 billion. And potentially a third in the making i can confirm that they have resumed talks around a possible deal. Well have more timely to help, tim cook tells graduates not to live lives on the sidelines while apple acquires a gps startup. The dow and s p just shy of new alltime intraday highs. The dow, as we said about 16 points away from record territory. People wonder if this is the breakout of the wedge weve been wat...
June 21, 2024
Something hit the train ever happened at this point. Heres what we know. On friday the ntsb said assistant conductor on the train that derailed said she heard radio conversation between the engineer, and a septa engineer. They both said their train had been hit by objects just before crash she said. But on several National News shows this morning the ntsb said the septa engineer recalls no such conversation. And investigate verse listened to the dispatch tape and heard no communication from the ...