Track . And a double downgrade for one stock. The Halftime Report begins right now. Welcome, good to have you with us. We have our Investment Committee at the table we begin with the markets, stocks higher following two days of system by jay powell who laid the ground work for a rate cut later this month the attention now turning to earnings which begin on monday i feel like weve got this halo effect from the fed that will last a while you sure do and it is interesting the market is taking a bit of a cyclical shift if you look at what is leading the market so far, it is energy, communication services, technology, consumer discretionary. So the defensive bochbd approximabond approximate is city m proxy mentality has moved away if the expectation is so low, everyone including myself saying, well, okay, here comes earnings it will probably be better than we expect and all the other perceived head winds weve pushed out of the way. It would be remarkable if earnings were not good powells ti
Me jim cramer heres the question, how many games of domino can you play at once if youre a stostock broker youn play three at once the nasdaq declined. 08 and that was a lot todays dominos, we got three of them apple specifically issues with the apple watch but also some concerns that the foe may not be that phone may not be that strong General Mills. And one more miserable quarter from bed, bath and beyond. Lets start with the most visual, the decline in apple there was another approximate cause that hung around all day apple today revealed a glitch in the new model which may have a barely noticeable problem making and taking calls in some very isolat isolat isolate incidents. Because the vast major of the press critics didnt stumble up on one always telling you to own the stock of apple, dont trade it if you use the new apple watch in a place with an open wifi network that you visit before, hotel, starbucks for example, you could have some connection issues that seems like a small is
On a day like this where the dow advanced 30 points, s p dipped 0. 17 . Nasdaq declined 0. 63 . Weve entered the most intense part of Earnings Seasons and the market keeps rerendering snap judgments on the fly. Reare tasked with trying to make some sense of it if there is indeed any sense to be made. How crazy is it out there . Just look at the stock of boeing, which has been ages lost in the wilderness after a long period of outperformance. The stock rallied four points before the opening. Then management told you that pashtd of the internice had soft sales, and the stock plummeted 6 bucks from that premarket high. But then when boeing made it clear that demand for its narrow bodied plane san diego possibise charts, the stock snapped right back to where it us, closing back up 6 bucks. Look at the arc of that roller coaster ride in a single session, the Company Guides up on earnings and sales. Then its rejected, and then its accepted again all within two hours. We have to ask what real
The fly. In this insanely difficult moment, we are tasked with trying to make some sense of it if there is indeed any sense to be made. How crazy is it out there . Just look at the stock of boeing, which has spent ages lost in the wilderness after a long period of outperformance. This morning, the Company Raised its earnings and revenue forecast, so the stock rallied four points before the opening. Then management told you that part of the enterprise had soft sales, namely mature widebody aircraft, and the stock plummeted 6 bucks from that premarket high. But then when boeing made it clear that demand for its narrow bodied plane is possibly off the charts, the stock snapped right back to where it was in premarket trading and then exceeded that, closing up more 6 bucks. So look at the arc of that roller coaster ride. In a single session, the Company Guides up on earnings and sales. The judgments accepted. Then its rejected, and then its accepted again all within two hours. We have to as
S p reclaims 2100 a lot to look at including coke and yahoo. Europes relatively mixed, oil is lower as the kuwaiti oil strike has now ended. But first up intel announcing plans to cut up to 12,000 jobs, about 11 of the work force, weaker demand for pcs ask that exclusive coming up in just a couple of moments. As we said we brought in jon fortt to lead this interesting quarter and interesting plans now for the future. Its really interesting, carl, because we just saw ibm report a quarter where they talked about weakness in latin america, particularly brazil doing some cuts overseas. Now intel coming in saying the pc market is weak, but also the Data Center Enterprise demand was weak, its cloud demand thats stronger. Makes you wonder overall when it comes to the end user whether that end user is sitting at home or in a business or even at a data center that the business controls, what really is happening to demand for devices that run on intel chips. Of course stacy smith, cfo is going t