Crisis, or fear of rate hikes, or fear of inflation, or deflation for that matter. It may seem odd to talk about fear on a day when the average is basically me and erg higher for most of the day. Nasdaq edging up thats because the market is in fear of one thing, it lives in fear of amazon specifically the power of amazon over the whole industries. We saw Health Care Stocks rally again today. Every stock in the group of the drugs, biotechs, medical devices and especially insurers and hospitals, which makes me think that they rallied because the bill is written. Looks like it might be too draconian to pass. Theres no universe for the hospitals to make more money under a plan that slashes medicaid and causes millions to lose their insurance still, though, i think the undercurrent, or i should say the undertow of amazon is such a dominant threat to so many consumer related sectors, in a consumerdriven economy, that its sinking whole swaths of stock once again if your companys in the crossh
Reality keeps going things that arent supposed to happen and dont shy to a supposedly negative scenario. Todays stunningly good news flow finally put an end to the dows losing streak, s p climbing. 34 . Nasdaq climbing 0. 43 . Bears love to growl. Give them some honey, meaning bad news, and they are in heaven. But this markets real short of honey. Instead its filled with swarming killer bees. Good news for the bulls, and as soon as they get enough collective stings, what do they do . They head for the hills. What were todays bee stings that took our minds off washington where the yogis and bullies keep struggle to repeal obamacare . For starters theres todays Consumer Confidence level, which rocketed to the best reading since 2000. This is a tough number for the bears to believe, because is bears decided the reason why things were going north was because of the swamp. Ive said over and over again that while trumps responsible for a part of the advance, theres so much other good stuff t
Faaa is my on the fly ak kro nim for face back, alley mahbuba babrakzai nasdaq pull volting. 92 . We have to talk about how the faaa stocks got their groove back as we head into the first quarter. First, the stocks rally today do with an internet round up from jpmorgan that raised a bunch of price targets for my old acronym. Fang. Remember . Fang. Fang. Facebook, amazon, netflix, google. Investors returned to the group because of their love of growth, the magic elixir that makes the stocks so irresistible. Jpmorgan raised the stocks to have 2017 year end alpha bit formerly known as google. Okay. And it is only about 800 now. Ill tell you about that in a second. Facebook is currently at 128. They took the price target from 170 to 175. Amazon gets price target raise from 925 to 100. And netflix, which is at 97 goes from 116 to 1126. In each case the price targets boosted the stocks higher during the day. 26. In each case the price targets boosted the stocks higher during the day. I know
Good morning. Welcome to squawk on the street. Hope you all had a good christmas. Im melissa lee. Were live from the new york stock exchange. Jim cramer has the day off. The latest s p schiller home price report has been released. The results being shown at the bottom of your screen. David blitzer will join us with a closer look at the numbers in just a few minutes. Lets get a check on how were setting up on this day after Christmas Trading session. The dow looking higher by about 15 points. S p looking at about two points at the open. European markets closed on this day after christmas. The uk and france among those celebrating foxing day. We start off with, what else, retail. Dips in spending in the midatlantic and northeast regions. Luxury sales also weak. Were coming off the worst Christmas Eve for the dow since 2006. As the president cuts short his hawaiian vacation to deal with the fiscal cliff, just five days to go until we go over. Threatening both coasts with workers snubbing
With odor free aspercreme. Powerful medicine relieves pain fast, with no odor. So all you notice is relief. Aspercreme. Possible tornadoes, freezing rain and some folks waking up to blizzard warnings. And the storms, they are just getting geared up. Fiscal mess. Exactly one week until we go off the cliff and new word that no one is reaching across the aisle right now. And remembering a legend. Hollywood says goodbye to the odd couples cigarchomping Oscar Madison. Im dana bash. Alina, Merry Christmas. Merry christmas, everyone. Its tuesday, deebs 25th. Starting point begins right now. And our starting point, those dreaming of a White Christmas may be paying for that this morning. Extreme weather is on the way this Christmas Day. Millions could be in store for a foot of snow or more. It could even be a rare White Christmas down south, along with a threat of tornadoes. Bonnie schneider is tracking the holiday storm and, hey, good morning. Good morning and Merry Christmas. Unusual to see a