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Im sara eisen. And im wilfred frost. Its Throwback Thursday. Were throwing it back with some onehit wonders. Mambo number five playing there. I forget who sang that. Lou vega ive just been told in my ear. Im pretty sure in the u. K. They had more songs out. That would still be a onehit wonder if it didnt make it over here. No offense. There we go again. America is better than britain. I agree, sara. Happy Throwback Thursday and last day of the First Quarter. Indeed. And some great onehit wonders coming up. I know we cant talk about that the whole way through. But i am excited. Well switch to markets and have a look at u. S. Futures. Are we going to end the quarter higher or lower . Well, today at least were expected to take some of the positivity weve seen in recent weeks off the quarters performance. The dow is e ....
The first half called people to run screaming from the stock market. The second half produced some fabulous gains. Even as we pull back today, the dow dipping 32 points, s p declining, nasdaq actually bucking the trend, advancing marginally. Yes, i phrased it like great expectations. Where was the worst of times and best of times one one quarter. I want to do some teaching here, and not just about english l illustrate t the lesson of this winter despair flosh has a spring of hope. Nor one with no earnings prospects, but a company that historically has hung in there . You almost always get a better chance to sell than into the vortex of panic. That causes so many investors to lose their heads at the worst possible time. Lets start with caterpillar. The giant Machinery Company has had such a hard go of it as of late. At the end of january they reported a loss of 15 cents versus 1. 35 profit the year before, but if you looked unth ....
The dow and s p closing at new highs for 2016 and what stood out was an outperformance in tech and financials. Salesforce, action vision, metlife, bancorp, they lead us higher. What say you . I will say this. Earnings expectations have been beaten down so much in tech and i say to you if theres any shed of light whatsoever those that have, you know, that are beating have been rewarded by it as far as guidance is concerned. Look to guidance. If guidance is better. Companies are getting rewarded for that and youll see that in the performance of names and i look at the semis and they have been beaten down so much. Mike ron is a name trading up after hours, a stock thats washed out and i say its probably taking a look at on the buy side. Bar is low for financials. Terrible on financials, and i think at this point its worth at least taking notes so ive said a handful of times even in the last few weeks im not a buyer for financials because i think they are cheap and not because they are goi ....
Here is what is most interesting. The defensive trades stood out as the biggest winners. Gold seeing the biggest quarterly gain in 30 years. Utilities up 9 . Telecom getting more than 15 . And the tlt rallying 8 for the quarter. So you stick with the winners. Do you stay defensive in q2, guys . I think the defensive nature is why people, specifically me maine still question the validly of this rally. Do you stay with those trades . I think you stay with certain things working. Home depot has been a monster. Cocacola has been a monster. Now were trading up against resistance. Gdx, for example, failed at levels we last saw at may of last year. Steve talks about xlu all the time that is also trading at levels that potentially are double top. So i think there are certain stocks that continue to work in terms of momentum. Some of the trades that have been defensive might be getting a little long in the tooth. You could take a look at the valuation, for instance, grasso on utilities. Utiliti ....