What happened. It was like a bell that went off. It was the stock of google. It actually went higher. Yeah. On a day when the dow dropped twelve and nassau dak declined 11 . Google stopped trading, managed to jump more than 5 i almost did a double take if not a spit take. Do you know where these averages are up double digits, google is actually down. Three percent. Google is not alone. Amazon down 21 . Netflix down 5 . Whats going on with the fafs. How could the order for their stocks have cooled so quickly . One word, competition. More specifically several kinds of competition. The competition to the business and the competition to the stock. And both have been hurting these names for some time and theyre not talked about enough. A lot of you are trying to figure out what the heck is going on. You started with the right place lets start with google. Heres a company that ascended every business it touches, still is as it dominates search, only gotten stronger over time. But the sfakt h
Week. Not discussed at all, including today, when the dow opened big. Nasdaq advancing 0. 31 . A lot of that because of apple. Apples endless inexorable rise is a gigantic underpinning of this market and we must never forget that fact. Oh, we may focus on the gyrations of ali baba and marvel at the possibilities of twitter. We may be fascinated how macys rallied. Nevertheless, its apple thats the leader. And that in itself is amazing, given everything we ever thought possible about any one particular stock in this market. Consider, here you have the largest stock in the world, with a 650 billion market cap, and the darn thing is up an astou astounding 39 yeartodate. We expect that kind of move from the stock of a company thats being taken over, or maybe a smaller capitalization junior growth stock or a biotech with a redhot product. But from the Biggest Company on earth . Whod believe it . Megacap stocks simply arent supposed to give you these kinds of epic moves. That was easy. Hallel
That gains ground or sheds point in a heart beat as it did today with the dow sinking 171 points s p falling. 84 and the nasdaq declining. 68 you might think we plummeted off todays labor report that huge big number, but ill explain later, those strong numbers, it was actually terrific for stocks. I think were trapped in the irrational world where a sharp decline in oil like we had at one point today gives scared cats a reason to. Sell sell sell. Stocks. There is where individual earnings reports can have a big market so when bed, bath and beyond and macys and five below posted disappointing sales, it caused the retail to give up the ghost after two days of out sized gains and that spilled over the pin action to the rest of the market. Yes, individual earnings reports are being magnified and reverberate throughout all stocks and the impact will get more powerful. So let me give you my name plan to guide you through the first week of this hallow ground. Pressure is on alcoa. For several
At the center of those issues was a Company Almost everybody knows. Ups. And wasnt good. Shares tumbled nearly 10 making it the worst performing stock on the s p 500. After the parcel shipping company closely watched because its viewed as the barometer of the health of the economy warned investors to expect weak Fourth Quarter results. The reasons . Unfavorable currency rates, volume fluctuations because of the west coast port disputes and those low oil prices . Well they arent helping as much as many believed they would and thats not all. Morgan brennan reports. Reporter United Parcel service delivering bad news to investors slashing its Fourth Quarter earnings forecast. The problem . Ups spend a lot of money to successfully deliver holiday packages on time and avoid a repeat of christmas 2013 when millions of packages were delivered late. But it did so at a big hit to the bottom line. Analysts say the shipping jienlt overcompensated. Ups for some time has been using prices to try to
Was a Company Almost everybody knows. Ups. And wasnt good. Shares tumbled nearly 10 making it the worst performing stock on the s p 500. After the parcel shipping company closely watched because its viewed as the barometer of the health of the economy warned investors to expect weak Fourth Quarter results. The reasons . Unfavorable currency rates, volume fluctuations because of the west coast port disputes and those low oil prices . Well they arent helping as much as many believed they would and thats not all. Morgan brennan reports. Reporter United Parcel service delivering bad news to investors slashing its Fourth Quarter earnings forecast. The problem . Ups spend a lot of money to successfully deliver holiday packages on time and avoid a repeat of christmas 2013 when millions of packages were delivered late. But it did so at a big hit to the bottom line. Analysts say the shipping jienlt overcompensated. Ups for some time has been using prices to try to maintain its market share vers