Covid19 relief bill is reached. Can moderates in both parties save the day with their own version or are they too far apart to compromise . I will ask republican congressman andy biggss. That and sew much more coming up on making money. Charles so, folks the major indices bolted out of the gate this morning. There is still tentativeness. You see financials down, work from home stocks, trending a little bit lower. After a sharp pullback, in fact the fastest correction in nasdaq history, the question is, is the worst over . Plus key sectors of the economy continue their quick growth. Where to invest for the housing boom, the manufacturing rebound. Also this hot ipo market has many salivating but some wonder if it is good or bad news. So many questions, so lets get the answers. I want to bring in Devine Capital ceo dani hughes, bellpointe chief market strategist, david nelson and courtney dominguez, advisor pour payne capital. A group im not affiliated with. Dani is the worst over . That is a great question, charles. It depends who youre looking at. The markets have been flying high but there is a lot of reality on the streets that doesnt reflect what were seeing in the marketplace. I dont think the worst is over. I think earnings will be very interesting at the end of this year going into next year. And the election is coming up. Lets not forget, how could we . I think that could throw a lot of things into the washing machine of the market if you will. Charles you know, courtney, to that point, we know the aftermath of the election could be extraordinarily volatile. That 10 quick correction in the nasdaq, a lot of people saying it was so fast, it was sharp, did what it had to do, flushing out maybe the weaker hands. Where do you see the market from here . One thing we cant forget about right now is all of the cash on the sidelines and weve been talking about this kind of leading up into this. We are going to get periods where people are taking some profits. You have a lot of buyers who have been waiting for some sort of scheck shoe to drop and some sort of entry drop waiting to buy back in. I think that what were seeing. This might be future dips what we see. There is a lot less fear because there are so many investors waiting on the sidelines to get back in when that happens. Charles david, even at our best point a couple weeks ago, only 200, maybe 40 names on the s p were up. That number is down to 200. Essentially most stocks in the market whether they trade on the s p or nasdaq are down for the year. I think that is to danis point, but the indices themselves are they looking they may not have to recess the recent lows . On the broad indices i think the broad indices are okay because what i see is the market is starting to broaden out here. I think as far as those weaker hands that you just mentioned, those weaker hands have memory and as these tech stocks be, secular growers start to get back up to those highs there will be some selling there because they will have a opportunity to get their money back but for me, charles, the key message here is that this market has to broaden out because the baton isnt handed off to industrials, consumer discretionary, even some of the financials. At some point in time were setting ourselves up for an accident. Charles talk about the broading out. Empire fed survey, a manufacturing survey, much better than expected. Yesterday after the close lennar blew away earnings consensus. How do investors get exposure to these sectors . David, i want to go back to you then, are these areas, materials, industrials, they have been looking really good. Is this where investors should broaden out their portfolios . I think industrials are probably one of the best places to go, maybe even one of the safest because i dont care whether youre in amazon or walmart you have to manufacture the goods, somebody has to ship the goods and Financial Company likely has to finance the transaction in the first place. These are the areas of the economy that have to do better if we have a sustainable economy that can move out of the 2021 and beyond. Charles and, courtney, you also like an etf in the industrial space. Which one is that . Exactly. I think choosing individual names it can be difficult to do and a really good way for investors get lowcost, welldiversified funds is vanguard or charges schwab. A lot have these. Good example it the van Guard Industrial index. A good way to get top names, 3m. Caterpillar, a lot of industrials bundled together in one low cost. If youre looking to do that cheaply that is a Good Alternative to look the. Charles symbol is vis, folks. Talk about snowflake, not the folks out there always complaining but were talking about the superhot ipo. The range in this thing increased 100 to 110, from 75 to 85. Dani i want to talk about this as a potential buyer also the slate of the hot ipos. Is it reason for optimism or is it a red flag for you . It is actually very optimistic. So when you look at the ipo activity in the marketplace and where we have all of these hot deals and all of these unicorns lining up to go public, that means the market is healthy and it is very liquid. When that happens. You have a lot of clamoring for these ipos. Snowflake actually has great earnings. They actually recorded yearoveryear growth of 173 , which is pretty massive. Going back to the late 90s, when we had giantly robust ipo market. You didnt have companies with that kind of growth. In most cases you didnt have companies were making any money. Right now we do have that. We are seeing companies that want to come public the really big names. Theyre going public in different ways too, charles. The spac market, the special Purpose Vehicle that is brought public before they reverse companies into them, that market is the highest it has ever been. 33 billion worth of activity in that market. 86 Spac Companies came public this year. Charles spacs have been really hot. Nikola might hurt them. Well talk about that later but i do want to stick with individual investors and the theme what gets them excited. For a long time today the number one percentage gainer on the entire s p is xterra. They announced a fourforone stock split. Investors who bought on the stock submit announcement for tesla, apple, sold the day they split made a fortune. Look like theyre going for it again but you think it is a mistake . Dont buy it for the stock split, charles. Buy it because its a great company. I have dont think you will get the kind of action from tesla or apple. I sold this one too early. I tried to be cute with it. I will probably have to find another entry stock. Dont look at it as utility stock. Look at it as a growth stock. Look at the chart compared to the s p 500 t outperformed not just yeartodate, the last five years, 10 years, two decades this company has been beating the s p 500. I think its a great company. Charles talk about going to the other end of the spectrum, companies have not done well, stocks have been in trouble but recently coming on. I want to point out slg. The shares soared yesterday. Theyre up big again today. Yesterday the company unveiled the latest building in manhattan as one vanderbilt. It is right across the street from the Grand Central station. 1400 feet tall, 1. 7 million square feet. That amazing. The office space looks beautiful. Dani, youre a long term investor, you work in manhattan. It is really going against the grain to say i want to invest in new york City Real Estate which is sl green is, would you make such an investment right here . Lets not forget slg is actually one of the Largest Office building holders in new york city, right . Not just residential. Residential real estate is quite different from commercial real estate. Commercial real estate you have got leases that go out many, many years, dozens of years. In some cases almost 100 years. So commercial real estate in a strange way is a little bit protected from this downturn that is happening right now. You also can never count new york city out. I do like slg but i would rather own a reit in Something Like storage or medical facilities that has more of an upside potential to it rather than being concerned about the commercial real estate market, not just the manhattan but all over this country because of work from home. Can i take the other side of that trade . Charles you probably could let me bring courtney, and you get in on the other side. Okay. Charles it support as amazing dividend. Return to new york city, especially a stock down 40 of the year, rocketing last two days, it is telling you something . Yeah. I really like real estate from an income play and inflation hedge. I think long term you have a lot of opportunity in real estate but i do have to agree with dani here, i wouldnt solely just focus on manhattan or new york city specifically. Whether were optimistic or not youre really putting all your eggs in one basket. I do think there is a lot of potential with cell towers, industrial storage. There are a lot of good other facilities you want to include in the real estate portfolio. Whether or not were optimistic on new york. I agree, charles, i think long term it will go up. Short term make sure youre better diversified. Charles david, you have five seconds for your rebuttal. It is challenge, it is new york city. It is a hightax state i wouldnt think of any investment i would want worse. Im walking away from it. Charles you used your five seconds wisely. Hey, dani, im with you. I didnt bite on it yet but looking closely. Fantastic stuff. Thank you all very much. Meanwhile folks, a very powerful moment at the white house just a short time ago. President trump standing with israel, United Arab Emirates and bahrain as the sides ink a peace deal. The president saying it is possible that five more nations could join this historic agreement. He also said the deal could even push palestine, palestinians, rather, to set aside their differences with israel. Certainly peace in the middle east has not looked this promising in a long time. Coming up at 2 20 congressman andy biggs gives us his take on house moderates. Theyre pushing a 1. 5 trillion stimulus plan. Will Something Like this get done . First a judge siding with pennsylvania Business People over the states pandemic restrictions. Im reminded of the old notion that absolute power corrupts absolutely. Kristin tate will give us her reaction next. Okay. Okay safe drivers save 40 guys guys check it out. Safe drivers save 40 safe drivers save 40 safe drivers save 40 thats safe drivers save 40 . It is, thats safe drivers save 40 . Hes right there. Its him hes here. Hes right here. Hi hi. Hey thats totally him. Its him thats totally the guy. Safe drivers do save 40 . Click or call for a quote today. Safe drivers do save 40 . Keeping your oysters growing while keeping your business growing has you swamped. you need to hire i need indeed indeed you do. The moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base so you can start hiring right away. Claim your seventyfivedollar credit when you post your first job at indeed. Com promo lookentertainmentour experience xfinity x1. Its the easiest way to watch live tv and all your favorite streaming apps. Plus, x1 also includes peacock premium at no extra cost. This baby is the total package. It streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. Yup, the best really did get better. Magnificent. Xfinity x1 just got even better, with peacock premium included at no additional cost. No strings attached. Charles pennsylvania Governor Tom Wolf says he will appeal a ruling by a federal judge that his lockdown rules were unconstitutional. The restrictions included stay at home orders, limiteds on gatherings. The judge says the policies were overreaching and arbitrary and violated citizens rights. Does this expose abuse of power under the guise of Emergency Action weve seen across this country . I want to bring in Young Americans for liberty analyst kristin tate. As soon as the news broke we said get kristin on the show tomorrow. Really, this is amazing, isnt it . I love this federal judge charles, he wrote in his ruling the liberties protected in the constitution are not just fair weather freedoms we can toss to the side at anytime. Our nation faced emergencies in the past. Well face more emergencies in the future but the solution to every National Emergency is not to restrict our constitutionally protected liberties with these draconian political orders. Americans should never expect a new normal where our freedoms are just subject to the whims of power hungry politicians, these governors, state elected officials. They are not kings. They have no right to tell millions of americans to stay locked in their houses for months on end. They have no right to say which businesses are essential and which should shut down. Cove death rates are way down, hospitals are not overwhelmed. What are we waiting for . The country should reopen quickly and safely. Charles along what you said, it is a term called creative combustion. I heard it yesterday. Apparently last week jpmorgan which we reported on asking their employees to return to work. Turns out it is because productivity is really suffering. According to reports Ceo Jamie Dimon says the output by younger workers in particular were affected on mondays and fridays. So lets talk about that. How much of an issue do you think this is, the idea, hey, no matter how Much Technology we have there still has to be some sort of a persontoperson friction to create that kind ever energy, the kind of enthusiasm, the kind of productivity that powers an economy . Not surprised about this at all. In fact what i find most shocking that jamie dimon needed to hire a bunch of advisers and consultants to tell him that employees are less productive when they work from home. It is very easy to get distracted working from home. I have many friends in my age group who are newly working remotely because of the pandemic. They tell me all kinds of things. One girl i know who sets her alarm for 8 00 a. M. Every morning. Turns up on the computer, so the employer thinks she is working, goes back to sleep for an hour. If were working from home it takes a lot of discipline. Charles i have employees. Believe me our productivity on fridays is horrible. Less than a minute though. I want to tell you about the villainizing, villainization of big businesses, whatever the word is, should we be cheering or jeering company like amazon . They will hire 100,000 people to help with surging orders. They have a million employees. Should we focus on who how much taxes they pay or how much economic out put they generate for millions of American Families . Hard to answer, charles. Covid has been a boon for amazon. The lockdowns killed momandpop Small Businesses. You cant expect businesses to be shut down for months on end to pay their retail rent. While it is fantastic that amazon is offering Competitive Services for people who want to stay at home during the pandemic, the government imposed lockdowns unfairly hurt retail establishments, momandpop Small Business owners. It is tragic, it is sad. That is another reason we have to reopen the country so Small Businesses and retail establishments with brickandmortar locations can be competitive against amazon. Charles so we had a segment with three topics, if it was slot machine i would have pull it down the slot machine would have said open the economy, open the economy, open the economy, all the bells and whistles would coins would come out and. Thank you, kristin. Thanks, charles. Charles house moderates making a lastditch effort to get stimulus out there. Nancy pelosi making it clear she wants the house to stay in session until a agreement is reached. What are the chances . I will ask arizona congressman andy biggs. Apple held a Virtual Event but without the iphone so will this move the stock . Well be right back for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. And now your copilot. From fidelity. Still a father. But now a friend. Still an electric car. Just more electrifying. Still a night out. But everything fits in. Still hard work. Just a little easier. Still a legend. Just more legendary. Chevrolet. Making lifes journey, just better. Did you know Liberty Mutual customizes your Car Insurance tada so you only pay for what you need . Given my unique lifestyle, thatd be perfect let me grab a pen and some paper. Know what . Im gonna switch now. Just need my desk. My chair. And my phone. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Hello, im michael youssef. Lately, we are hearing so many conflicting voices and i dont blame you if you are anxious and worried and troubled. But if i told you that theres only one voice that you can absolutely trust. After all, he wants nothing from you and wants to give you everything. Im talking about the lord jesus christ, who said, come unto me, all who are carrying heavy burdens and worry and anxiety. And i will give you rest. Hes the only one who can give you true rest and peace. Will you come to him . [female voice] are you waiting to find a trustworthy voice in the midst of the chaos of this world . Visit findingtruepeace. Com to find a voice that will never let you down. Again, thats findingtruepeace. Com. This was the theater i came to quite often. The support weve had over the last few months has been amazing. Its not just a work environment. Everyone here is family. If you are ready to open your heart and your home, check us out. We thought for sure that we were done. And this town said not today. Charles well a Bipartisan Group of, about 50 house lawmakers bringing up their own stimulus proposal in an effort to break the gridlock. It has 1 1 2 trillion dollars. That is the price tag. It includes individual paychecks, state and local aid but does it even have a prayer of passage . Or will congress continue to stand off . Joining me Arizona Republican congressman andy biggs. Congressman biggs, thank you for joining us. Im getting nervous as someone who watches the economy very closely. I feel like were running out of steam. I feel like we need this extra nudge. Where are you with this . I think the best thing, if you want the extra nudge, charles is to open up the economy open up businesses lit them get back to work. I am talking to businesses all over arizona. If you give more bonus checks to unemployed theyre going to be disincentivized to come back to work. They need employees right now. I think that is the best nudge, really open up the economy. You know, this is the third, this is the third way i suppose we say. There are three bills out there. Im not sure you will see anything there. If you see something, dont be surprised if you see it on small, where the shortterm spending bill that were working on next week. Charles right. Well speaking of spending overall Consumer Spending in may was up 8. 6 . In june, 6. 2 . July, 1. 2 . 1. 3 . Employment was at 4. 8 million in june. 1. 7 million in july. 1. 3 million last month. I mean, my point is these things are trending down, congressman. If we get to the point where they really start to trend too low, im afraid congress and, will behind the eight ball. Ironically i think you will find yourself in a position where you have to do something that is much bigger than you can compromise on now . Well, you know, charles, that is a great point but if you keep giving money and providing federal stimulus when you havent opened up your economy, you will end up back where we are now two months from now. I think better way is to open up the economy. Sooner or later you will have to realize that we have to realize that were pushing five to 7 trillion. No one can really define that for me in structural deficit for this year. That has the potential to scuttle a longterm Economic Growth we built a foundation on. I think we have to be very careful right now. That is part of the problem. Charles okay. Im with you on opening the economy. I just believe there might be like 20, 30 Small Businesses that are already gone forever and their employees. If we open everything tomorrow im not sure what help they could get initially. Switch for a moment. It appears the big 10 will take a revote, if you will, when it comes to the College Football season. We know that College Football began. Heres the thing, the whole, the National Sports media, along with other parts of the media have been very critical of College Sports that have already begun and the fans of these sports teams. What is your take on the notion that now College Football is the sort of new epicenter of this Great American divide, and disrespectful language that is being used to describe College Football fans and these College Foot Ball teams . Well, with the disrespect and vitriol out there, kind of language being used that is dismaying. Unfortunately that is where we are in this country. I think the people who made decisions here, foisted decisions upon people which is part of the problem, weve seen that in every aspect of the response to the covid, charles. So you had athletes, their parents, all kinds of people who wanted to participate and go forward and these decisions were made without even consideration of that. And a lot of those decisions were made on some faulty science that has been revealed lately. So it is really hard to see but, i think that, allowing these athletes to make those decisions is really, really critical because theyre adults. They are young adults but they have, they know what they want to do in their minds. And their parents need to be involved making those decisions. I just think that it is important to hear what they have to say and that wasnt done the first time around in the big 10 or the pac 12. Charles no, it wasnt. Congressman biggs, thank you very much. Always appreciate our conversations. Thanks, charles. Thanks so much. Charles so while congress is, more or less sitting on its hands trying to figure out this thing with respect to more stimulus, jpmorgan ceo, jamie dimon says that the economic recovery could be derailed by their inactions. We know Small Businesses are still suffering particularly. So what can we do to help make sure that maybe, they dont get help from washington they might still be able to make it through this pandemic . Joining me now gravity payments founder dan price. Dan, of course, you were propelled to the National Spotlight when you gave up your salary to keep all your employees employed. In fact it was such a controversial decision your brother i think was your Business Partner at the time left the company. So you have got experience in this kind of thing. What do you think the formula now is to save the Small Businesses . Because even as we speak hundreds are going out of business. Well i really liked what you said to the congressman, i hope he considers that and listens because you brought up really good points. We have record numbers of Small Businesses going under permanently. I think this time, when we do approach the stimulus we need to be more targeted. Last time majority went to the people on top. This time it needs to all go to regular people and Small Businesses. I think that wont just restore Economic Health but also trust that has been lost from the last time. Charles there was a sense of urgency, lets call it panic, if you will. It was cobbled together but i think the expedience of it also saved a lot of people too. Its a tough one. In hindsight, look back, these are mistakes that were made. Perhaps billion dollar corporations and millionaire celebrities should not get money. But if you were able to tailor this because a lot of money is sitting in the pool. This is a point republican congressman bring up, you have still a lot of money sitting there that hasnt been distributed yet. How would you do it . How would dan do isnt. Lets send out direct checks to people. That was the most successful point last time. The ppp loans had some merit to it. I think we need targeted busy stance, especially for businesses that are bearing the most of the brunt of the pandemic. Then just getting money into everyday consumers hands. We all heard about trickledown economics but trickle up economics actually seems to be more valid in these situations. Whether you want to call it a ubi or direct payment to everyday people i think we need to think about the people at the bottom and have a strong base of consumers, not just Strong Companies that are at alltime highs. Charles all right. Dan, we got to leave it there. Thank you my friend. Good seeing you. By the way, folks, apple, their first major Product Launch of the year wrapping up moments ago. The tech giant trying to impress investors without a new iphone. Did it work . Nicholas shares over fraud allegations. This is one of the hottest spacs out there. It is in hot water. Individual investors are stuck in the middle. Well be right back. Knowing were prepared for tomorrow. Wow, do you think you overdid it maybe . Overdid what . Well planned, well invested, well protected. Voya. Be confident to and through retirement. With the icon that does the same. The rx, crafted by lexus. Lease the 2020 rx 350 for 409 a month for 36 months. Experience amazing at your lexus dealer. Experience amazing good job, michael does. Ok, lindsey now tell the class what your mommy does. My mom has super powers. Its like she can see the future. What . its like she time travels in a rocket ship. Thats cool and then she comes back saying try this or try that. She helps everyone. She helps them feel less worried. Wow mommy, so what is it that you do . Im a financial advisor. She is aig proudly supports all the professionals taking care of our financial futures. Charles apples annual Product Launch event wrapping up just a short timing a where the company unveiled new watches ipads. For more on todays Virtual Event. I want to go to susan li in the newsroom. Susan. One Services Bundle but no new iphone. Listen to apple executive jeff williams. The new Health Sensor in series 6, shines infrared light on your wrist and measures the amount of light reflected back. Advanced algorithms indicate the amount of oxygen in your blood present. It takes the measurement in just 15 seconds sues excuse. Reporter susan cheaper, series starts at 279. You also had a surprise apple one subscription bundle. For one low price each and every month. You get apple tv music and apple tv plus and cloyd and music together. Ipads release. Ipad 8, new features here including the a12 chip. Longer battery life. This is 279. Higher end ipad air starts at 599. Ipad air, liquid retina display. Also most advanced chip, a14 bionic. Two times the generation of the Computing Power you got on the previous a13 bionic. Why is that important . This is most advanced chip going. The the 5g iphone but getting it into the ipad air first. Not bad. Charles not bad. Susan, thank you very much. Joining me now, editor of trading with cody. Com, cody willard. Apple shares are trading mostly underwater. What is supposed to happen . Is it all about the iphone . I thought some of the other stuff with watches is pretty cool. The next move, everyone wonders when it gets to three trillion in value . You no the the biggest problem with apple rolling out products like updated watches and things, it just doesnt move the needle. You will have to sell hundreds of millions of iphones in the next year or two to meet the expectation what is people are expecting with the 5g iphone which, not surprisingly did not come out today but over, watches, which are great. I just accidentally bought a watch, i lost a watch, so i bought one last week. I should have waited. I would like to have the ox i am metter on there. That is a neat feature. I dont think people will line up at the store to get the new apple watches. Charles are you cool where apple is with the current valuation . Its far and away now firmly the most valuable tech name out there. Not pulling back much as some of the others . I do believe, charles, i have actually owned apple since it was at, what 20 cents per share, split adjusted this time. So i have owned apple for 17 years. On any metric that i look at this is actually the most expensive the stock is actually ever been. I dont mean just by the valuation but price to earnings, price to revenue, this company is as expensive and in most the metrics i might look at when i look at valuations than it has ever been. No, im not very comfortable with apple right here. I still own it. It is fairly decentsized position for me because i had it for so long. I would not be chasing it at this moment. Charles all right. Let me ask you about another company. It is sort of new on the radar, nikola, but it is getting a lot of press. The shares of the electric truck maker falling over reports, now that the sec is looking into a short sellers claims, claims that the company misled investors. For those who dont know, part of it was just a video a couple years ago where one of these big trucks was rambling down the road, except it didnt have an engine. It came down a hill. This is one of those hot stocks. This is a hot area of tech. [laughter]. My first boss on wall street, always told me take as lifetime to build credibility and a instant to lose it. I dont know how you trust nikola ever again. Ive had long puts off and on for the last month or two. I dont, looks like a joke to me. Im not impressed at all. I would stay away from this one at any price. Charles all right. Although gm is standing by them. Theyre saying no, we believe in the technology and were going to pour a couple billion dollars into this thing . Gm has tied their fortunes at least for the near term with this Nikola Company which, i sure hope that gm, guys who were in charge of dueing Due Diligence really did some. It looks like they didnt. That being said, gm didnt put anything out. Gm is getting paid by nikola to partner with nikola. In some sense thats fine. This is note a good thing for gm either. Charles all right. Well, lets hope they at least watched video. Cody, great to see you, my friend. Well talk to you real soon. Folks, whether youre investing in technology or other sectors and youre using fundamentals you can learn a whole lot more and the stock market in general with my new book. It is unstoppable prosperity. I told you before, it is a passion project of mine. Im sharing more than 30 years of experience helping individual investors every single day navigate the stock market. Get your copy at unstoppableprosperity. Com. Meanwhile walmart, trying to catch up to amazon with its new Delivery Service but amazon now moving into luxury. How smart is that play . Retailers are scrambling to adapt to a very different Holiday Shopping season. Can halloween become the new black friday . Guess what . I got a guest that says it absolutely will happen. Thats next i need it so bad dont call it a hobby. Its way more than just a job. This is how we live every single day. Can we go and play . roaring of engines i needed to try needed to fall i needed your love im burning away i need never get old im burning away so youre a small bor a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Charles you know it may only be september but retailers are already rolling out their Holiday Shopping plans for the year. Holiday shopping is going to look and feel a lot different thanks to the pandemic. Lauren simonetti is here with details. Lauren. Lauren everythings different now, charles. Its 2020 and it is certainly the season for online shopping. So deloitte says ecommerce will rise, are you ready for this, between 25 and 35 this holiday season. That means dollars for retailers, pressure for shippers, perhaps disappointment for kids if gifts dont make it under the Christmas Tree on time. For that, we see retailers moving up deals. Amazon holds prime day in october. Two dozen retailers participating in the new 10 10 columbus day shopping bonanza. This could put traditional black friday on lifesupport or make it more interesting than ever. Black friday is interesting. So many folks announced they will not be open on thanksgiving. It is proving relevance every year. Black friday and cyber monday may be a lot like with folks shopping online. Lauren deloitte is predicting holiday sales will rise average onetoone 1 2 but theyre considering two scenarios like the kshaped recovery. You get more fiscal stimulus, wealthy people still shopping, sales could rise as much as 3 1 2 , or the no growth scenario. If the number of infections worsens. Another wild card is travel. He says Holiday Travel bookings are down 15 to 35 from last year and deloitte is predicting well likely spend 25 less on travel and entertainment. That is a huge budget item. So will we shift that spending elsewhere or just buy last minute tickets in the end . Charles, 2020, big question mark. I dont think anybody knows. Charles no, i dont know. Well have a couple guests coming up, lauren that have some ideas. So lets go to them now. Joining us, folks, chief research officer, oath that herzog, founder of kb advisory group, kristen bentz. You heard laurens report, black friday mostly over. Kristin, you say without a doubtp halloween will be the next big shopping day. You have to explain that one to me . I dont necessarily think it is going to be one day but i think the season and the holiday of halloween will be off the chart. I think it will be a monster this year. Consumers need fun. They need to decorate, celebrate and joy, regardless of trickortreating ban. I dont think it will be one day. I think it will be the whole month of october. Charles okay. Hetha . I see the same thing i agree with kristen. I dont think it is just halloween items. Theyre using month of october to start promossing deals going into black friday. We saw that with home depot. Well see that with walmart. They will not be open thanksgiving day. Traditionally they are. Im usually stationed out of a walmart doing channel checks, see who is going in there. That is off the table for me. The reason why, a lot of retailers spent so much on Capital Expenditures over the years to make sure online spending was right and tight. So walmart, for example, spent almost 13 billion in Capital Expenditure in 2015. Target, the same thing, but seven billion in 2019. Charles right. So we are seeing the retailers really focus in on and ramp up their ability to have online shopping. Good for the customers. Charles there is no doubt that its paying dividends in a big way. Thats you know, with the pandemic. I do want to switch gears with another area of retail where he see a lot of retail winners. Amid the rubble. Brickandmortar losers, capri holdings, tapestry, pvh, they were slammed earlier this year. What is the deal . From investment point of view, i have subscribers in tapestry. Were in zumiez, in capri and were doing very well. Can they recover . I think part of that has to do with the fact that again were talking about Capital Expenditure and knowing their customers. So i talked to an executive at American Eagle outfitters which is in the same vein as zumiez, they have made their stores, a destination for the demographic theyre trying to target and making it parentfriendly. So you see everything that is going on in the world. They are not only are a destination where kids can go shop or young adults can go shop but theyre a place where they can gather. They are becoming places where you just dont pick up your pants but sit there discuss what is going on politically. Whether it has something to do with black lives matter or the pandemic. Charles right. That is what theyre becoming. Charles kristin, i forget, i got to give you a shoutout. Last time you were on the show Restoration Hardware exploded after the close. Up 13 since you mentioned late august that is a brickandmortar name of sorts. Are there opportunities in the brickandmortar space in this new retail world . I think there can be. If they have a special presence and emotional connection with the consumer they absolutely can. When you look at the physical retail structures, Restoration Hardware, you walk in there, youre transported. That is something that is very rare right now with the consumer. Youre losing the see introduction of being in a retail store. So you have a really amazing retail environment that will capture your share of wallet. Charles ladies, we have to leave it there. Love your expertise. It always benefits viewers. Thank you very much. After the bell, fedex and adobe will report. These are two companies faring well for people working from home. Should you consider buying the stocks before the final bell . Weve got some answers for you. Well be right back or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Charles all right, folks. Major indices off the highs of the session but still in the green as we head into the final hour of trading. After the bell, we are going to get Quarterly Results from two covidrelated names. They have certainly done well during lockdown. Adobe and fed ex. Joining me, money morning. Com Technical Strategist d. R. Barton. Help me break down these two names, because these are names that have made people a lot of money and a lot of folks are watching them for direction. Yeah, you know, fed ex used to be that stock that a lot of people looked at as a corporate harbinger about how is the rest of the world doing based on what fed ex is doing. That has fallen away over the last couple years, but what they do have going for them, charles, and what has a rocket right underneath them right now is that we have a very big under capacity in this shipping space, in the overnight shortterm shipping space, and that has propelled them up. Ups, the Postal Service and fed ex have all increased surcharges in the last week. Thats given them a rocket. Im looking for good things from them after the close and the same with adobe. They are in a completely different space doing something completely different. They are going to ride the 30 Profit Margins and double digit revenue gains, thanks to the stay at home, work at home movement. Might not be this week but they are going to get there. Charles im a huge advocate of Pricing Power when it doesnt hurt the top line. You can pull that off, your margins expand and your stock normally goes up. Quick, before i ask you about any individual ideas, technically it looks like we are establishing a new range. Where do we break out and is the worst over . Yeah, i believe that for the near term, the next week to month, maybe even up until the election, tough to say. Weve still got some headline risk with the new cold war with china. Weve got some election headline risk. We actually have some covid headline risk. But absent any of those big bad things hitting, i think technically we are in a really good spot here, charles. We have narrowed into this about six or seven days now, we have been working in 3325 to 3425 range in the s p. Very tight range. Im looking for us to break out of the upside, about two closes north of 3425, and we are going to go back up and check those alltime highs before the election. Charles couple of stocks they told me you like here. Advanced microis one of them. Whats going on . Advanced micro , semiconductors have been pretty hot. They have been hot. They have had a really big pullback which i actually like, charles. It gives us a chance to buy them on a little bit of a sale. They have pulled back right to a 75 very strong support level, where they jumped up after intels problems. I think their fundamental story is huge. Intel with no seven nanometer chips until 2021, 2022. Thats a long time away. They will steal some of the intel Cloud Business on the processor side where they only have 5 . They grow that, this stock is going to the moon. Charles my wife has owned it for three years. She will be happy to hear that. Also, you like docusign. Thank you so much, my friend. We are still positive as we head to the last hour of trading and liz claman, over to you. Liz i like docusign. Makes life very easy. Charles, if you shorted apples ability to pull a rabbit out of a hat this time around, youre kind of hanging up now. Apple unleashing a blockbuster suite of new features for its watch, ipad and more. It initially sparked a big tech rally. The stock was up, it has just turned negative right now. Little bit of selling on the news. Because it is a dow, nasdaq and s p component, kind of has outsized muscle to move those indices in either direction so they are all off their earlier highs but not by much. We are still in the green for the dow, s p and nasdaq
comparemela.com © 2020. All Rights Reserved.