Good morning welcome, im Courtney Reagan in for Brian Sullivan what a day it is shaping up to be again today, but looking different than what we saw on monday well kick off this morning with a tuesday turnaround dow futures are pointing higher indicated higher by more than 900 points 920 points at this moment. The s p 500 indicated higher by more than 104 points and the nasdaq up by 323 points. We have a lot of hours left until the opening bell sounds but this is come after the worst day for stocks with the dow falling more than 2,000 points in a single day. The selloff triggering the first halt to u. S. Trading in 20 years. As it stands right now, all the major averages are in correction the dow transports and the russell are in bear market territory down more than 20 from recent 52 week highs. Same thing goes for energy financials, industrials, materials and tech all those sectors also in that same boat bonds are hovering off the low, ten year is back above energy pouncing back after
And joining us now to see what 2020 has in store is managing director, victor anthony, and Portfolio Manager at needham growth fund, Chris Retzler good morning. I look at the tech stocks that did the best this year, a lot of them were kind of underdogs, roku, top of the list coming into the year, people talked about netflix would beat up on them this year, the narrative seems to have shifted. Apple is another one people thought apple would have a bad year not only trend wise in tech whats important in 2020, are there underdog names you particularly have in mind . Victor well, mostly on small cap large cap, i see amazon, alphabet, google, facebook continue to outperform those arent underdogs. Are they no. Angies Home Services which underperformed significantly in 2019, i think another one, comscore, unforeseen event, management departures, outperformed significantly Online Dating app, the meet group, meet glad it is spelled that way different kind of stock if spelled another way. Up abo
Of a percentage point. The hang seng was up by 0. 4 shanghai composite was up 0. 4 in europe in some early trading that were seeing, we are looking at a mixed picture slight declines in germany and in france. The ftse is up by a quarter percentage point gains in italy and in spain as well finally crude oil prices, which were up by 50 cents yesterday, they have given back some of those gains. We are talk about crude oil below 58 a barrel a couple stories were watching, bombardier said it is confident u. S. International trade commission will reach the right conclusion in its dispute with boeing. The Commerce Department announced yesterday it will impose duties of 300 on the companys cseries jets after boeing had been complaining they had been unfairly subsidized by the canadian government. The penalty will only take effect if the itc rules in boeings favor bombardier said it is common practice for a plane manufacturer to offer discounts to launch customers. Bombardiers ceo will join us
Overnight in asia, the nikkei flat. Hang seng and shanghai were weaker. The shanghai down by 0. 8 . In europe this morning, some of the early trade, just 24 hours after that announcement from british Prime Minister theresa may about a new snatp election, things have turned around. Yau european markets in the green. The cac and dax up by 0. 3 . The tenyear yield in the United States fell to a low of 2. 165 on tuesday. That was the lowest level since november 10th. Well keep a close eye on that today. The tenyear yield now is sitting at 2. 209 . Well have much more of this coming up later this morning. Lets get you to some other big stories. In earnings news, ibm reported Quarterly Earnings that beat expectati expectations, but sales fell short of estimations. Revenue declined 3 from a year ago. That marks 20 consecutive quarters of revenue decline. They have long talked about those revenue being empty calories, but a big debate about that remains. Youre looking that the stock down 4. 5
Testing the Waters: Scotland Surges Ahead on Ocean Power goodmenproject.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from goodmenproject.com Daily Mail and Mail on Sunday newspapers.