Buy the cyclical stocks. On a day the market got hammered, nasdaq declining just. 06 lets remember what actually took us to these record levels in the first place because those stocks are still the best in jump you know what i am talking about. Talking about a termite coin i am talking about faang yeah, faang, facebook, apple, netflix and google these stocks gone out of style on the wall street fashion show. Smart money keeps telling me to get out of these small stocks and into the russell 2,000 they want you to forget faang and big on everything better with the vaccine there is some stocks that become a lot less attractive when the world goes back to normal. Oh, but not faang. These companies are living and breathing organisms. They are so powerful theyre not connecting to the economic win theyre in charge of their domestici desti destiny. They dont care whos in the white house. It put a target back while zuckerberg fights the government, it would be better if he didnt have to so they
Administration. President trump still refusing to concede but suffering more devastating defeats in court over the weekend, admonished by a judge he appointed, and the lifelong republican who ran Election Security for his administration now calling his claims of a rigged election farcical. Also, president elect biden suffering a fracture in his foot. How it happened. Major storm on the move. The big travel alert as millions head home after thanksgiving. Plus, the tornado threat from North Carolina to new jersey. Ginger is tracking the latest, and where you might see snow soon. Hanging on. A missing boater finally found clinging to life. The latest on the amazing rescue this morning. Fiery escape. The formula one driver walking away from this explosive crash. Slamming into a metal barrier. His car splitting in two. What he says saved his life. And game over . The socalled grinch bots stealing christmas, buying up some of the hottest items of the year and selling them at nearly double th
For those two companies, it was a tale of two different big tech quarters alphabet has certainly been the laggard this year. Underperforming not just its big tech peers, but the nasdaq amazon has been a standout, 70 gains. Alphabet had a low bar and amazon had a high one. Did they deliver we can look at a number of metrics, what i want to drill down on particularly is cloud. These are the companys newer growth engines cloud numbers came in only in line with expectations revenue up 29 year over year. Love large numbers but google cloud, revenue was up 45 and now the company is going to break it out as its own segment. Have a listen to what was said last night. Given the progress we are making and the opportunity for the cloud in this growing global market, we continue to invest aggressively in our gotomarket capabilities and extending the global footprint you will see information about the scale of our investments so investors are going to be able to see exactly how much google is inves
Bounce back in the worth session in more than a month pete, i began with you he said the top of the market was on september 2nd, that the bubble has already popped. Were now in the midst of an enormous tech bubble ipo mania, extraordinary valuations and new metrics for valuation, the more fanciful an distant, it seeps the better the stocks performs. Is he right . Are we in the midst of an enormous text bubble, pete i think we are in the midst of certain sections of text that are definitely in a bubble right now, scott theres no doubt about that. We look at some of these names that have absolutely soared to the up side. We all know those names. Zoom would be the poster child you go across the board and say theyre in the right place at the right time but are they fairly priced or are they a little bit in that bubble area i think many of them are but right now, scott, its about growth and there has been growth and cash and last week we heard wre rick riether last friday and youre looking
Beat for alphabet. Spoke to the alphabet c. E. O. About the results. Ill give you the takeaways from that conversation coming up. Facebook beats the social s the covid her storm. 2021 might not do so well. Big word uncertainty. Earningsnating the calendar and on our show we also saw the results from amazon and twitter. Clobbered inng after hours trading. Well cover it all over the next hour. Abigail doolittle is watching the market moves from new york. Abigail, lots of different stories at play. Seeing . You incredible. Most anticipated day of earnings for any quarterback, at least we have some of the answers. Lets start out with the breakdown because were a tale of two stories. Relative to first apple and amazon. Well see declines. On the surface, they did beat adjusted earnings putting up 73 cents per beat by 4. 7 . They put up nearly 65 illion in overall revenue beating by almost 2 , but beneath the surface as you iphone tioning the sales disappointing, down 21 , and china sales wer