Dom chu is here with perspective. I dont know is the bottom line. I do know im not getting paid twice as much anyway, so but lets look at this. If you look at the s p 500, we screamed those Member Companies for stocks that have not participated in the rally but could be trending a little bit higher here. Remember, these are all stocks that have been big down movers over the course of the past year plus. 500 s p members, we looked at those ones within 10 of their recent lows, just hovering right around their recent lows, 52 week or otherwise, within 10 of their 50day average price, just to give you an idea of trend, and still below their longterm average price trend line. Again, still below the longterm trend, but going a little bit higher, maybe dead cat bounces, maybe not. But only 27 stocks in the s p fit that bill here. Among some of the highlights, most of them, the vast majority of those 27 are in the health care sector, whether or not it is pharmaceuticals or biotech, two bigger
Wont even start production until late next year. Now while its a good headline number, all those deposits, of course, are refundable. But jon, a lot of discussion about how many they can make, how quickly. How much money they have to make them, no matter what the orders are. I view this as an indication of interest, not necessarily of demand. I mean, this is a 35,000 car in a way that a starting price with 7. 500 off if you get that federal subsidy. But the first one to roll off the line that people are waiting in line for, they might be 55,000 cars. Its not like these people went through credit checks to make sure they can actually afford that. And if they have to give the money back because they cant afford the car, so what. You look at luxury car sales in 2015, bmw, 346,000 and was number one. Thats getting close to these numbers. So can they even make these this many. Can all these people afford them . Lots of open questions here. But very interesting interest. Jessica, they almost
And the numbers at the center of that debate. And really surprising numbers, at that. Yeah. Bigtime downward revision to the tracking forecast for gdp. We call it the cnbc rapid update. We have the street come in, create a median. It is down 0. 5 . Were now down below 1 . This is a number above 2 . The story we have been looking for a bounce back after that weak Fourth Quarter number, which, by the way revised up. Still looking of north of 2 . Now down to 0. 9. Bigtime revisions. Atlanta fed down 0. 8. So lopping off almost a full percentage point, scott. Auto com all comes from the jany revised down sharply. February, nothing to write home about. This is the area, stephanie, of the economy that people had high hopes for. You know, on numerous occasions. Have cited the strength in the consumer for the reason why youve bought certain stocks. The consumer is very important. 70 of the u. S. Economy. Certainly very important to keep an eye on what these numbers are showing. I think its ver
While many investors are selling weve got an apple analyst holding ton his rating and well explain why. While tech is weak, energy is outperforming. Remember, this was the opposite last year. Were going to debate whether this tech weakness represents a buying opportunity. Also joel ackman along with Michael Pearson will get grilled on capitol hill. Theyre scheduled to testify after the close. We will have live coverage of that in the next hour. Lets tart with the tech wreck, an outperforming rating on apple but just lowered his price target from 130 down to 120. Julia boorstin spoke with twitter Ceo Jack Dorsey. He said ball street doesnt understand his company. And Dominique Chu looks at the role reversal between tech and energy this year. Lets begin with you, on apple, a loss on the open, at least, this morning of another 46 billion in market value for this stock. As it experiences its First Sales Decline in 13 years. Why are you hanging in there with this outperformed rating right n
Trail where the gop candidates are looking west. Ted cruz hitting arizona and utah with backing of lindsey graham. Meanwhile donald trump is gaining another rival. Fox businesss peter barnes joins us with the latest on this one. Peter, who is it . Reporter hey, melissa, it is none other than than harry reid, that democratic leader you were just talking about there. He is blaming the rise of trump on Republican Leaders in congress their strategy of blocking president obama now with this Supreme Court nominee. Reid said their tactics have created an angry electorate. This is exactly the kind of mindless behavior that hollowed out our political debate and created conditions for trump to rise. Republican leaders created drought conditions. Donald trump has simply struck the match. Reporter as for republican candidates there are 98 delegates up for grabs in arizona and utah on tuesday in the republican primary and caucuses out there. The arizona primary is winnertakeall. The real clear poli