The big week for the bulls technique up 2 . Transports up more than that the semis, soaring the stocks to snap up right now. Time to take on. Why investors are checking into delta and American Airlines. Its our call of the day. The Investment Committee is ready to go, the Halftime Report starts right now and it certainly is good to have you with us on this friday. Our investment comphoot is steven rice, jon neg jarron, Jim Lebenthal and megan. Thank you we begin with the markets, all 11 sectors, 100 there in the green for the week four of them including technology up about 2 transports and some of the chip names, guys, soaring and doing very, very well. Joe terranova, we talked about it yesterday are you surprised by how strong the market has been this week . Where did this market scum after an august to forget . I wouldnt characterize it as an incredibly strong market. I think its a market that finally has broken out of a consolidation range when youre talking about equity postPreside
Whether jay powell will cut Interest Rates further. And big earnings on deck, disney and wynn after the bell joining us courtney. Tell us how youve navigated the last 24 hours. You know, its been really, really interesting when you look at where the vix has been in august, were hitting 25 i think in july we ended around 12 that volatility is incredibly interesting. For someone like me thats looking to buy positions on the dip that i think are quality positions to buy and hold, it was a really good time in my opinion to do that interestingly enough on our desk at Loop Capital Markets we saw a tremendous amount of low, probably in the overnight markets, probably the most active weve seen all year. Buying or selling interestingly enough, buying. Some very balanced program bus we also saw a number of our fundamental clients buying in developed markets and a little bit of selling or less buying, well say, in some of the emerging markets so were starting to see some of that flight to quality
Nyc. Kara fisher is here. Only she can get away with the sunglasses its bright in here yeah, absolutely. We always talk about what the lead is. Yeah. After the first night what is today . Were doing our best, were so sorry well try to improve for most of the Big Companies. I think it was interesting you know, a lot of them are very admitful about the problems theyre having and trying to tend towards solutions and the things that are coming and just wait to see what were going to do it was a lot of im so sorry for a long time the conversation was, boy, mobile is huge hook how fast these Certain Companies are growing. Look how it is changing the world. Look at china. And now will is not so much talk about growth and competition anymore. Right its about youre already big. Yeah. Snou youre innovation is going to be how awe void getting regulated to death or please regulate us we look forward like andy jasy which is a massive company, talking about how he didnt want to get spun off because
As you mentioned, shares popped around 50 when compared to the socalled Reference Price of 26 a share. But no investigator actually made a quick oneday gain of 50 , as they might have in an initial public offering. In fact, the most any Public Market investor would have made buying and selling slacks shares yesterday is about a 9 return thats because the Reference Price is more of an arbitrary one set by the Financial Advisers in the nyse and a direct listing, so no shares were actually sold at that level. The shares opened at 378d 38. 5 rose as high as 42 and ended at 38. 62 to many, thats the beauty of the direct listing strategy versus the more traditional ipo. Theres no favoritism on the part of the underwriters and theres no money left on the table, because slack didnt raise capital in the first place. Overall, slacks debut was viewed largely as a success. And further evidence that the direct listing model works there were no crazy price swings Trading Volume was manageable, and t
Level of the year. The yen strengthening as investors seek safety. Rishaad the u. S. Oil industry facing more chaos as harvey gathers strength. They are facing a renewed threat. Russell spencer of frustration at the u. K. , saying brexit negotiations are not serious. Michelle barnier wants more details. Let us get to todays events right away. Looking at this north Korean Missile test flying over the island of hokkaido, really unprecedented that we have seen a north Korean Missile flying over the japanese mainland. Let us look at what is going on at the moment at this chart, 8092. It is telling us there is not much to be worried about. No one worries, according to this. This is a signal index, below average risks for the korean currency at the end of july. That bit still persists. Just going to tell you who does worried. Investors, generally speaking. Goldrecent move higher in announced that 1300 level. A nearterm advantage, 1340 per ounce is on the cards. This has been further supporte