Actually gained 44 points. The s p declined. 23w0u6r789s tech play nasdaq got hammered. Finishing off 1. 07 . Down much more, because as i have been telling you for weeks and i have been worried for weeks and ive made it clear to you again and again, Fund Managers are going to sell, sell, sell, all those stocks, including many of your favorite tech names in order to raise money to buy ali baba, the day it comes public, no matter what the price, including the higher 66 to 68 range announced tonight or maybe even higher. You see the stock of the chinese ecommerce tighten even at the seemingly lofty levels will still be very cheap, not just a revenue clip but on actual earnings growth, making ali baba a better investment than just about every other large capitalization stock out there that these managers hold. So it will be a magnet for huge funds to pick up. Thats why theyre selling their other stocks to come up with as much ali baba as possible. There is not as much new money to transfe
Sliding 32 after the hospital operator recorded higher expenses. The is stock is down about the stock is down about 10 right now or 5. 01. Delphi reported better than expected profits but got tarnished by investors after it cut its fore or cast for the rest of the year forecast for the rest of the year, it stands at 54. 99. Now, arguably one of the most closelywatched Earnings Reports of the entire day will be tesla which which reports after the bell. The second these numbers come out, well have them. We also have two of the smartest guys around on love it or loathe it. Tesla, they have very different takes on this stock. Love the car company or hi its really too rich or think its really too rich in its valuation. Even if you dont own the stock, teslas almost stock market theater. Its just so interesting to watch and to hear what elon musk says. He will have a conference call, well be following that, but the second those numbers come out, we will be watching it, the stock moving higher
July. We have the Food Retailers of hire. The organic and Natural Food Company posted better than expected earnings. Multiples shares moving higher. A big story. Checking the price of gold, 20, 21 an ounce. Still a considerable decline, over 1 . Again, on gold. Oil prices also down, but elevated after a 2day run. Crude up 0. 34. The price of 1 barrel of oil right now. So this week right here on countdown to the closing bell, you heard liz claman interview the new ceo of intel about transitioning the company. Still making a profit from mobil and wearable devices, and it looks like analysts are paying attention. Straight to Nicole Petallides at the New York Stock Exchange for more. Reporter hello, lori. You are absolutely right. Doing great today, and it is leading the Dow Jones Industrial average as analysts are vocal focusing in on the strategy here. Now making microprocessors that are lowerpriced, highperformance, cheaper than those that are offered by competitors. That sounds like a
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