Recent news make you antsy about playing alibaba. Professor khouw helps you. Its time to risk less and make more options action starts right now. Lets get right to it retail rescue taking aim this week at xrte outperforming the Broader Market by more than 5 as a number of names pulled out earnings beats but our chart master says it may be closing time for the retail space. Carter, what are you watching . We know that retailers typically report earning late in the cycle and we heard from almost all of them now and it has been quite good. So the question is, is it a bit too much lets look at a few charts and tables first, of course, the etf xrt is the spdr s p 500 retail what you can see here is 84 stocks and 3. 1 trillion youre talking about the biggest names in there with walmart in there and tiffany, costco, amazon, macys, urban outfitter, ebay, footlocker and it goes on and on. Look at a few tables first onemonth up 7. 25 versus the entire Consumer Discretionary sector up 1. 4. Look
The ones that go up all the time and barely ever go down on rare occasion when theres a marketwide pullback like we had this morning s p edging up, nasdaq gaining 3. 7 from a very ugly opening. You have to buy these up stocks. Buy, buy, buy, buy, buy hanover fist. In a market like this one that has a hard time staying down to begin with, even with a weak jobs number or a president that seems determined to overturn the election, hes not going anywhere, the up stocks just wont quit back at my hedge fund where i compounded 14 for 14 years id sit down with my staff and say, okay, give me your best stocks, the up stocks, the ones that never seem to go down. I want the unstoppable ones. I dont even want to know what they do, i just want them the staff would be incredulous there would always be a young whipper snapper saying, whats an up stock . Thats not our usual methodology. I adopted a no more mr. Nice guy attitude, like id ever been nice so i just demanded they give me their up stocks or
Good thursday morning. Welcome to squawk alley. Im jon fortt with carl quintanilla. It is cloud week on squawk alley. If you were betting against snowflake, wur oyoure out in t cold this morning. That stock up is 12 same for Cloud Security and authentication specialist okta were going to talk to the ceo to see if this thing may stabilize from here or go higher splunk, that is the sound of a cloud stock dropping 22 after missing Sales Guidance for the third quarterer in quarter in a row. All this happening as amazons cloud conference is in full swing. Salesforce announced the second Biggest Software acquisition ever and we started the week on squawk alley talking to ibm president Jim Whitehurst who came to big blue in what and is still thelargest Software Acquisition ever redhat driven by a hybrid cloud. Julia, investors are betting on further growth from already heady levels we can certainly see that in what is happening with snowflake this morning it is reapproaching the highs that so
Music to deafening all from the comfort of your living room. Find out why he thinks theres still time to ride peloton. Finally, dont let the recent news make you antsy about playing alibaba. Profess profess professor e choe helps you options actions starts right now. Lets get right to it Broader Market by more than 5 as a number of names pulled out earnings beats but our chart master says it may be closing time for the retail space. Carter, what are you watching . We know that retailers typically report learning late in the cycle and we heard from almost all of them now and it has been quite good. So the question is, is it a bit too much lets look at a few charts and tables first, of course, the etf xrt is the spdr retail what you can see here is 84 stocks and 3. 1 trillion youre talking about the biggest names in there with walmart if there and tiffany, costco, amazon, macys, urban outfitter, and it goes on and on. Look at a few tables first onemonth up 7. 25 look at the threemonth, n
China sea. The talks cover the pact under which both countries are obligated to respond to an armed attack against their territories. Translator president elect biden has told me that hes committed to the application of article v of the japan u. S. Security treaty to the senkaku islands. Mr. Biden also told me he looks forward to working together to strengthen the japan u. S. Alliance and also move towards peace and stability in the indopacific region. Japan controls the islands. China and taiwan claim them. The japanese government maintains the islands are an inherent part of japans territory in terms of history and international law. It says theres no issue of sovereignty to be resolved over them. The pair also discussed plans to combat the coronavirus and the importance of tackling climate change. Suga plans to visit washington as soon as possible to meet biden in person. Now, as biden carries on with matters of diplomacy, President Donald Trump refuses to concede. He appeared in pu