Unraveling the dow gained 131 and s p inched up but tech, yes, the tech heavy nasdaq declined. 60 . I say get used to this this kind of volatility is now here to stay i think september is the month this whole new investors who believe that stocks only go up, i think they get a rude awakening. Sure, long term stocks do go higher they have. They tend to do so but not long run, were also dead short term, when they go down, they go down hard. Which is why you need some cash on the sidelines cash king to treat these pull backs as buying opportunities and not be afraid. With that in mind, whats the game plan for next week . Housing is among the strongest groups thanks to low mortgage rates. Thats how lenar could rally 40 . I dont want to hear this gain is fake because the Federal Reserve is propping up the economy. When you take that money to the bank, they dont care. In our reports on money and after the close and unfortunately, i think the easy money here is made even though i think its a
And there is still a lot of opportunities out there. Chris, i want your thoughts on this monday morning sell off such a weak week last year we see potential buying opportunities in the midst of it. Referee y yes, i think th markets are looking forward to it finding opportunity for the market, you know there is clearly volatility that is increased. The Health Crisis is rearing its head, we spoke to a lot of schedules, and other companies that were invested in, generally managements are nervenerv nervo nervously optimistic so for investors, we find them as great opportunities we dont know if they bought at this point or what does it make more sense than normal to invest in companies. I think is a chance for asset inflation. And when we look at companies that are investing in this futu future, data centers, software and security, military modernization, all great long term sector growth stories that i think investors can get behind and technology is a great place to be because they have m
States to withhold unemployment claims data. It is friday, march 20, 2020 good morning welcome. Im Morgan Brennan live at cnbc headquarters we begin with breaking news. Yesterdays gains. Futures pointing to a higher open with the dow pointing to open up over 844 s p posed to open at 98 and the nasdaq now up 358. This is after the futures market opened last night in the red weve seen a reversal there. It is the first day of a less than 1 move in trading in 14 trading sessions so it gives you an idea of how much volatility has ebbed. The s p ending up about half a percent above 2,400. Similar for the dow, which closed back about 20,000 barring any historic move, the dow does remain on pace for the worst Weekly Performance since the financial crisis when it fell more than 18 in a single week s p and nasdaq tracking for the worse week since february. All three still trading well below 20 from recent 52week highs we reached just last month. Taking a look at the bond market we are seeing inv
Josh lipton joins us with a look at the incredible stock, the incredible year. Hey, josh. Reporter carl, thats right. As 2019 comes to a close, apple investors have plenty of reasons to celebrate that stock has enjoyed a remarkable run surging more than 80 this year. That means apple is on track now for its best year since 2009 another way, it added 530 billion in market cap this year. Thats the equivalent of two netflix, three teslas, with a few billion left over. The nasdaq is market cap weighted, given apples size, it helped to power the index to a record 9,000 level today, most Analysts Covering apple rate it a buy. Nearly 60 in part because they think tim cook with the current lineup of devices will be able to keep iphone revenue relatively flat the next few quarters, even as services and wearables continue to go strongly theyre betting that should be enough to drive Single Digits growth for the company what are the risks for investors to consider . I caught up with gene munster,
Good morning. Welcome to the subcommittee on communication and technologies. I am glad to welcome our witnesses back before the subcommittee. I know it has been seven months since we had you before us and i know we all missed the warm welcoming atmosphere of our hearing room. Despite that passage of time many issues that were of concern to us then still remain unresolved today. For example, i asked about the investigation into phone carrier selling the realtime location of nearly every american. Mr. Chairman, you told me even after more than one year had passed we still cannot tell whether this practice has stopped and could not say whether the impacted individuals have been notified and could not tell us that members of congress and lawenforcement had their locations sold or tracked and in june of this year you told senator blumenthal that you were wrapping up this investigation and with that recommendation shortly. That was six months ago. We still dont have them. Chairman sloan and