This is one surprising week, and in this week the best of 2015, surprises for generally pretty darn positive. But can that trend continue next week . Because this market is a week to week affair. Well find out soon enough with two Companies Reporting next monday. Lately theyve been, lets say, more sources of disappointment than a rapture. Im talking about gamestop and tyson foods. The heavily shorted gamestop delivered a darn good quarter. Last week the Stock Plunged almost in a straight line. Concerns from analysts, gaming hardware sales, subpar. I dont know if its true. Theres so many short sellers gunning for these guys along with their analyst colleagues i think theyre overdoing negativity. I like the ceo paul raines and how hes diversified are from being a onetrick pony. Im looking for reasons to buy, not sell. Gamestop will be something i will talk about on my morning show, squawk on the street and tell you what i think you should do. Tyson foods. Doing a makeover. Becoming more
Impending homes later this hour. Black friday numbers are in. Cybermonday deals are in full swing. The u. N. Climate change conference kicks off today in paris. Well take you there live for the latest. Amazon with a sneak peek of new delivery drones and taking a shot at regulators saying theyre ready to deploy when they have the regulatory support they need. First up, indications are that the Holiday Shopping season is off to a tepid start. Americans spent about 12. 1 billion over thanksgiving and black friday. Thats a decline from last year. The National Retail federation says more people shopped online than in stores, choosing not to wait for todays deals. A lot of these numbers are surveys. A lot of people throwing some shade at the quality of the number. Dont take it to the bank. You cant. I think at one point it was easier when we said, look, we can pick 20 malls and decide how things went. Look, i think it was an Amazon Holiday season. I think it will be today. I dont know if you
Nasdaq is clearly a win wrer, up 10 . Mostly thanks to netflix and amazon, have more than doubled this year. Also, treasuries in the dollar and the green, and, of course, crude, well enough said about that one. It is a complete disaster. Down by 31 yeartodate. Thats in the books. Will we see a rally for stocks in 2016 . Dr. Jay, kick it off. Will we see a rally next year . Will it be a better year for stocks . I think it will be a better year for stocks next year. I dont think that American Companies are going to have the same head winds that they had this year in terms of fx or foreign exchange, and that definitely took a bite just as they were starting to make some nice inroads and recoveries of both revenue because the revenue numbers, mandy, have been pretty good, but, unfortunately, when you take into account the fx translation, well, then it erased a lot of the profit that they otherwise would have gleened. I dont knowing were going to see quite that same head wind this year. 201
Next to me has the siding ripped off, the chimney tossed on the lawn here and as you make your way across the street, weve seen so many homes just like this that had their roofs completely torn off. And i want you to take a look at some video that had the hardest hit areas. The city leaders are calling it a catastrophe. 450 homes damages, 100 homes considered a total loss but nobody in this neighborhood was killed. Thank god is all you can say. Theres no other way to put it. Its the grace of god. I dont care who you are, what you believe, what faith you believe, its the grace of god. Residents also giving a lot of credit to the sirens in the area as this tornado ripped through this area with winds of 170 and 180 miles per hour. Now, like i mentioned, no fatalities here but in nearby garland, eight People Killed when their cars were tossed off of an overpass in this tornado. One woman was a mother of four and she was on the phone with her husband when the tornado hit. She started scream
Day. Kicks off, trying to be better. Campbells soup. Of late this market embracing all line Food Companies with good dividends potentially becoming more organic and the stocks are covetededore than the companies politically and culinary correct but far more expensive stocks. And campbells sold out of and bounced back hard instantly. Be ready for similar reaction. E food company the people real ke is hormel. Another strike changer after its acquisition of applegate farms. Hormel, which supports Tuesday Morning by far the moat of consistent member of the packaged food group, hence hit an alltime high today. I like the stock. Buy it o oany monday weakness. Next up, market darlings to total dog, the economy improved and walmart woke up from a slumber. Results from my favorite, dollar street. Street be rekindled . Rallies from 60 to 68, but as high as 84 earlier in the year and lately tgx roaring. Did you see those . The breakout quarter for the place i like to buy my candy. The candy aisle