Our investors are throwing the baby out with the bathwater. We were asking about under armor earlier too. More on that is coming up. The socalled fang stocks, those that yuld used to be the hottest in the tech sector. Two have been losing their bite lately. Well look at whats behind the decline of their names and wherever they can recover. And well talk about the future of cable and well speak exclusively with the president of Cox Communications coming up. Meantime one of the stories that set the stage for this morning, we had home depot dropping despite an earnings beat. Courtney reagan here to make sense of it all. Hi, there. Bill. Home depot again posting Quarterly Results Strong Enough to beat analysts expectations for profit and revenue and its most important quarter of the spring. And for extra positivity, it raised its earnings forecast. They grew more than 7 in the u. S. , more than 6 when you add in mexico and canada. However, comes did decelerate each month of the quarter to
The weak and let the strong survive, when we merge companies to eliminate over capacity we go higher like we did today with the dow and s p closing at record highs. S p add avancing and thank you carl icahn and apple. He tweets stock goes higher. Hardly a day seems to go by without a deal of some sort a takeover because the ceos in this country are well aware of the over capacity problem in almost every single industry we follow. Today for instance we learned that the publicly traded form of ann taylor will be gobbled up by aacina. Gives a huge 21 premium will be marvelous for them because they need a higher end offering and it can save money immediately by merging the two entities. Companies talking about taking 150 million in cost but i bet david jaffee will be able to do better but figuring out which stores are winners. Thats a tough thing for anns current management to do but expected now that asna is taking it over. Thats what happened in acquisition. People are being frugal and s