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June 21, 2024
Tenyear continues to inch higher, now above 2. 11. The markets, two losing sessions in a row, but stocks edging higheren its a big day for the ecb, detailing stimulus plan. Draghi is speaking now. Costco beat the street and samestore sales stronger than expect. Shares are up in premarket. 21 billion zeal in biotech. Abbvie wins the war but the stock takes a dive. Jobless claims coming in higher than expected as more americans filed claims for unemployment benefits. Mario draghi speaking now in c...
June 21, 2024
Off 20. 6 and the nasdaq, thats the one thats off 39 as you can see right there. Also keeping an eye on the small caps. Flipping through and looking for the names as they get more attention on the valuation here and more and more people want to play these as a way to protect themselves against some of these external currency moves. Watch this index for signs of overvaluation or a pull back. Whats calling the shots today . Oil has been continuing to move lower on more evidence of ever higher inve...
June 21, 2024
The offer. It is lower than the prior proposal because the share price has been inflated by the takeover attempt. At paris go, nation could avoid a takeover. The nasdaq searches to another record high. The index closed up seven point. 7 of 1 . The nasdaq composite has almost quadrupled since Global Equity markets bottomed in march 2009. A time waster, a gambler, and an amateur. That is how euro finance ministers described the greek finance minister in talks at latvia. He also made clear that gre...
June 21, 2024
About alibabas ability to up international revenue. Chairman jack ma Just Announced a hiring freeze. There are concerns about their relationship with the Chinese Government, which said they are saying alibaba is not doing enough to crack down fraud on the site. I spoke with the new Ceo Daniel Zhang, a former accountant, who went from cfo to coo and now ceo. I asked him what he plans to do differently and when alibabas Management Team will stabilize. Daniel we changed the leadership in our fields...
June 21, 2024
Meek mike iscrosoft is suffering as well. You could argue that the dow would be doing better if it werent for that development. At the same time you have a company like disney contributing about 33 points of the gains that were seeing today. Dow is up 1. 4 which is outperforming the s p and nasdaq. Theres disney up almost 4 . If nothing else frozen 2 and star wars 8, is it . Ive lost count. But, yes, a real tugofwar of sectors that well be talking about over the next couple of hours. Another sto...
June 21, 2024
Companies. Fcc chairman tom wheeler said the decision was in the best interest of consumers. A take over offer from my land myland rejected by perrigo. Mylan says that it was 8 higher. At combination with perrigo would help mylan avoid being taken over. China stepping up efforts to crack down on Insider Trading and market manipulation. That is according to a statement on their Regulatory Commission website. This decision follows wild swings in the stock market. Including a swing in shanghai on s...
June 21, 2024
The company turned a 464 million profit. There are lingering concerns about alibabas ability to drum up international revenue. Chairman jack ma just announce a hiring freeze and there are concerns about the relationship of the Chinese Government which says alibaba is not doing enough to crack down on fraud. I spoke with daniel jong, a former accountant and now ceo. I asked him what he plans to do differently and whether the Management Team will stabilize. We change a couple of leadership. We bel...
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
U. S. And iran over when sanctions will be lifting following a landmark nuclear deal but they send a delegation to china to discuss oil supplies. Samsung shares are lower despite the most promising in a year. This as they prepare to release the latest smartphone. Good morning, everyone. Lets just kick you off with some euro zone data. Final pmi we have the composite and services data. It came in at 54. 2 versus forecast of 54. 3. So just a touch below expectations but it is a raise for the Servi...
June 21, 2024
Fisher and the eu trust complaint against google and World Bank President Jim Young Kim. We wade through earnings from goldman and city. Try to hang on to 55 and the tenyear around 1. 08. Netflix shares poised to open at alltime highs. They did beat expectations. Netflix issuing upbeat subscriber guidance for the current quarter. We know what happened to the shares after the bell last night. Up 12 to 530 and change. Fpr with a price target of 900. I thought that 750 the other day was aggressive....