2018 so far. Nasdaq closing at another record, its really the tech underdogs taking over. A number of stocks down double digits over two weeks are surging today. Check out oracle, micron, all leaving the charge do these beatendown names have room to run . Which will be the next to break out . I think its micron tim said last night thats the aggressive pick, he liked it, but micron sticks out like a sore thumb micron is trading 6 1 2, 7 times forward earnings they had a great quarter but the stock sold out people are coming to the realization that nand pricing is still in there micron, which went from 36 to 50 seemingly overnight, retraced back to 39 i think if you look at one of those names on that list, micron sticks out to me ibm note takers here . I actually own ibm but i dont believe the story of what i was hearing today. You own it i do own it but i dont see the upside of that kind oftrajectory for ibm i still think they have to work through a lot of Different Things they were tal
Later on in the show, you wont want to miss it. First, the dow had a major milestone that even the president had something to say about. We did in fact break 25,000, very substantially break it, very easily. So i guess our new number is 30,000 but what it means is every time you see that number go up on wall street, it means jobs, it means success, it means 401 k s that are flourishing it also means americans are getting richer from the stock market the s p 500 opening the year with three Straight Record closes this is the first time thats happened since 1964. 54 years ago, for those keeping score. The dow and nasdaq on their own recordwreaki recordbreaking rallies. Could 2018 be better than 2017 how long can this euphoria on wall street last i remember 1964 like it was yesterday. It was yesterday for you. Ha ha ha. Ha ha ha. Dow 25,000 is a big deal. Why . People that typically wont be talking about the stock market are now talking about the stock market people that havent looked at t
Earnings if youre tempted to buy, you may want to wait until after they report. Well explain. And a big Event Next Week could send one of these stocks surging. Well tell you which one and what it means for the biotech space. Its time to risk less and make more the action begins right now. Lets get right to it, because the big banks officially kick off earnings season next week and the Options Market is implying some pretty big moves wells fargo and pnpnc could see big jolt in either direction traders see a 3 move in blackrock. Financials are up 21 . How should you play these names for earnings lets get to the chart master, carter worth, already at the plasma and ready to go its true, as a sector financials are pacing the market up a bit more. But whats interesting, its so dependent on nails like american express, Big Insurance Companies like travelers if you look at the banks, the banks themselves have trailed the market and regional banks have really trailed. I dont like banks here. W
Ahead. Well tell you how to cash in. And alibaba is surging as amazon stalls out but we want to know which is the better buy the action begins right now. Lets get right to it car stocks have been on fire ford, general motors, both up 5 avis is up 15 while hertz is up 22 . Is is it too far, too fast mike yeah, i think it is a little bit. Im not sure, maybe some optimism coming from the fact that theres going to be some car purchases related to what obviously the disaster going on in houston but the fact of the matter is that the secular head winds for the rental Car Companies and major auto manufacturers remains in tact. Even know with the stocks having done well this week, multiples tell you this. You wouldnt see them trading at sempb, eight, nine times earnings i think they believe well maybe hit pique. I typically agree with mike and carter theyre smarter than i am. Look at ford over the last three and a half, four years series of lower low, lower highs on a Broader Market tape thats
Groups for the First Time Ever so whos getting liked or not . Power lunch starts right now welcome back a nice rally this hour major averages on deck the nasdaq 100 is up more than 1 its led by apple, amazon, microsoft and facebook apple also helping to drive the dow higher you can see more than 1 gains across the board there materials also a winner today. Fr freeportmcmoran helping to fuel the gains. D Discount Shoe dealer dsw soorg about 20 . Coty is down 14 after the company missed 15 on the bottom line thank you. Lets begin with your money. As michelle just laid out, the bulls are back in charge fear is down stocks are up. Technology leading the way lets find out why the optimism is popping back up i think this is mostly about tax policy talk about tax policy finally coming together. Maybe a few other things thrown in as well it was quitely opened and we opened really strong 5 to 1 advancing the stocks. More buyers than sellers the buyers being very aggressive they got to raise the