Stay updated with breaking news from Josh jim. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Europe raises great concern daily numbers of cases or a hospital admissions or and cover it is now the 5th leading cause of deaths at the bar or 8000. 00 bits per day has no been reached u. S. President donald trump and his white house challenger joe biden have been quizzed by the public during rival televised town hall style events they were asked about issues ranging from the coronavirus to conspiracy theories the Supreme Court and trumps finances they were supposed to face each other in a 2nd president ial debate but trump withdrew from that and its format was changed to virtual rather than in person early voting continues to be a popular choice in the upcoming election long lines formed outside of Voting Centers in North Carolina on thursday on the 1st day of early voting in the state across the country more than 40 a ....
Things that you did in the market today you bought walmart and mic microsoft. Why are you putting money to work in those stocks now why am i putting money to work and then ill get to those stocks we had had a 10 correction. You know ive held cash for a little while im not the onlywaiting for a correction i still have some cash but, look, for this to get worse than a correction, maybe it goes down 12, 13 . I dont know if it to get worse you have to think the fed is ineffective and the cash on the sidelines which we know is there for mutual fund and etf flows isnt going to come flooding in i think it will start coming in. Otherwise, youre predicting the end of the world in 42 years of investing i have yet to see the world ends walmart has a good mixture of brick and mortar with Online Presence has a peg ratio of 2. 0 microsoft has many pistons in the engine whether its azure, the operating system or gaming you see it in the peg rat ....
The biggie, jim, is apple. Its been hanging around right at that line but did dip below as i look at it in real time. Were right there at 170. Its a heavy tape this is what a heavy tape looks like. A heavy stock and a good tape. Thats the problem. That is the problem. Sales are worse than expected. Anybody who is fundamental on the stock looking at china as an area that is gangbusters because of what the economy is doing. At the end of the day this is still apple. The Services Business is fabulous. Im not particularly very bullish on the eye wear theyve come out with. This is a mid20s multiple. Im comfortable with my ownership in it. Ive had about half the market weight in it. You say, gee, i wish i didnt own any of it. This stock will find its level. I suspect its around 160 but, honestly, folks, you have to just let it find its level. When it does, when it bottoms out, i will be adding to it. There is no fatal flaw here. Josh ....
Obviously, thats a big story of the day. We have big trade alerts in tech specifically we have josh and jim all hitting the button today, but in different areas. Josh, you just bought netflix here down about 2 . Why did you buy it what are you seeing here is this trade . Is this investment tell us what you are seeing. Right now its a trade. Ive done this before with netflix. When this stock blew up in, i think, april of 2022, it was, i think, like one of the best buying opportunities for a large cap growth name of the year. And it took a while. It wasnt like a vshaped recovery i dont know that well get a vshaped year. Once again, the stock is blowing up because the quote, unquote longterm shareholders here continue to embarrass the brand. I cant believe that we saw reaction like we did about them reducing the subscriber guidance it is such a childish metric to begin with it is people that dont own a business think that thats like an important thing when in reality, the company is telli ....
And what could that mean for the future of the trump rally . Rick, makes me think somethings got to break, somethings got to give. Bonds or stocks first . I think it will be mario draghi and the central bank of japan. I think one of the biggest reasons Interest Rates globally are going down is because traders always follow the biggest trader in the room. They always do. Down here in the 80s, we had tom baldwin. When hed jump up and down and bid for a thousand bonds at a time, it was big. What do you think every small local next to him did . Bit on a one lot or a two or three lot. So i think in that regard, theres a trillion dollars year to date being invested by central banks. Ever heard of soma . Wh we have auction, might be 28 billion sevens. Then the fed is probably buying another four we dont talk about. The other channel of course is growth isnt as fast as people would like it to be b. The final area is that overall, right no ....