Walmart today. Absolutely. Even though the stock is up sharply as i said. And that does not matter to me because i think the stock continues to go higher you have to reevaluate how youre going to look at this company in terms of the growth that they are producing right now. This is about multiple expansions this is about a company that were pricing at x ike i think its time to price it as x plus clearly the purchase of jet. Com was just a sensational purchase and youre seeing evidence of that right now i bought it today. No problem buying it up 8 , its going higher. Josh, comps best in eight years. Grocery comps best in like six years. Im saying do you remember youve been talking about this stock for a long time. No doubt. We called the breakout in the 70s. And i remember some very heated arguments here on the desk about, oh, they overpaid for jet. What have they added since they bought jet, like 30 billion in market cap they underpaid for jet it was worth so much to this company becau
Recount in that fight for a p g board seat and cisco shares up 6 premarket on an earningsdriven recovery walmart, though, is up sharply in the premarket the dow component reporting better than expected earnings, revenue, and comps, which were the best in eight years. Online sales up 50 . Walmart issued some upbeat guidance for the full year jim, you just said to joe, that Doug Mcmillen may have reinvented this company for real hes done a great job in bringing in mark rory of jersey fame hes done a lot of tech stuff for jet. Com. Smart. I think this was the quarter where you realize, were playing for keeps. We can actually make a lot of money, cutting prices, bringing people in, well, whos that . Thats amazon. So we found our toetotoe now the stock was down yesterday, down about a buck and a half, off of target. That turned out to be a mistake. This company is taking share by the way, online 50 is rather remarkable this is a reinvention. And i think that people have to recognize, when w
More turbulent if not volatile period for stocks or yet another blip on the road higher . I think you have to look at it two separate ways yeah, the seasonal patterns which will take you higher into year end i believe, but whats added that element of volatility is clearly the tax plan. If its going to happen, its not. The market trades up and down on that, and my personal view is that that volatility will persist. They gave a christmas deadline for getting it done. I dont think it happens so these are buying opportunities that we saw with tech, alibaba, for example you have an opportunity to buy them down, and i still think that the underlying trends specific to these companies is so powerful thats when you want to get the buy. We mentioned this quiet correction, josh, that doesnt seem to be getting much attention at all 184 companies out of the s p 500 are in correction territory or worse. 36 of the index. Where i come from we call that rotation, and let me give you something that may
Down 15 this year and pete here says its the perfect bargain buy. First we start with war. The ultimate tugofwar in the market this year between growth and value. We saw it come to a head today as Growth Stocks Like Technology got absolutely crushed value stocks like financials and telecom actually soared, a reversal from the trend weve seen for most of the year. If youre putting new money to work now, what is the better bet . Surging growth or lagging value . Guy . I still think theres room to go in retail if that surging growth, and im a believer in that, so i think the retail trade still works tim has been talking about macys the last week or so nordstrom is earning, theres some upside there. With technology thats sold out, people say this and theyre right, every time you see a selloff of this magnitude, people say its sort of different this time, theres something going on each time its proven to be buying opportunity in my world, the best one shakes out to be google if you look at
Wall street set to extend the rally across the open. Fang stocks to the all time highs and amazon getting a key upgrade. And target boosts its outlook, shares are popping 4 in premarket, reporting stronger than expected sales for the Holiday Season. And looking out for kids, apple responding to activist pressure, the iphone maker promises new features to make the devices safer for children. Stocks are looking to ramp up the gains for the new year and the s p and nasdaq in the midst of a five section win streak all indexes did hit record interday highs and new higher high for fang this time yesterday. What can i tell you were having now that fang the different components are outrunning the price targets now the analysts have a new reason to say im raising my price target amazon and its going up because of the holiday p shopping this is all that relative high spirits game little dangerous candidly because when does it end when someones price target is finally reached. Right now were in t