Where the hype is too great like when a goat was riding a s surfboard with a gopro on his head nine years ago. It was about to reach the high 90s before falling to the single digit within a year and a half. But to put it in my terms it jumped the shark. The dui advanced 87. The nasdaq where all the stuff is jumped 1. 14 . Actually i have to tell you its a big reason im out in the sa salesforce conference billing itself as the Worlds Largest a. I. Fast tool. When will Companies Stop rolling out these stories to prop up stocks. When i saw the gopro on the surfboard i called the top and prepared to do the same thing with a. I. If i have to because the promotion machine may have gone haywire. When i heard about how cocacola is launching a new drink codeveloped with the y3000. Maybe it tastes great but when you see it hyped from cocacola maybe were on legitimate use cases because this is not a consumer or gented technology. Ill never argue with the ceo of nvidia. He was talking about how a.
The issues that have powered so much of this years rally. Today the Dow Jones Industrial e advan 187 points to 23,458. Nasdaq up 87 points to close at a record. And the s p 500 added 21. Our bob pisani has more on what took stocks higher. Reporter stocks rallied big time today, reversing six straight down days. What happened . First, washington did something. The house passed its version of a tax reform version. The senate still has to act but any progress on tax reform say cause to celebrate. Walmart and cisco had big earnings beats. Procter gamble moved up because nelson peltz finally appears to have won a seat on the board. High yield bonds turned around. The high yields markets often considered a proxy for investor willingness to take risks. That market has been weak for a couple of weeks now. The weakness has been in Telecom Companies which have faced difficult times. Once they stopped dropping, high yield markets started to stabilize. Im bob pisani at the networks for nightly bus
Money maskers anoint theyre best stocks and start buying them hand over fist. The s p advanced 1. 3 , nasdaq climbed 1. 2 the institutions feed to build larger and larger positions so they wont look like morons when they have to show their clients what they own at the end over the year so, how does the stock become anointed first they have to be having a great year third you need to believe nothing goes wrong for the company between now and year end. Thats how you get an anointed winner im about to give you some subjective names these are my anointed stocks from what i can see. Let me give you my top 15 stocks that i think will be bought going to the end over the year im doing them alphabetically so its not to slight anyone. These are stocks i see money investors investing in for the next two weeks im a stock whisperer. First, the ally bomber, the made up holiday the Chinese Communist came up with to encourage shopper. Alba baa is up 14 second anointed name, adobe. Investors want cloud
Stocks have been driving all of that action within technology. Justiertodate, look at the lens of exchangetraded funds, the spdr, the s p, up 16 , very respectable and take a look at the tech sector spdr, xlk, 32 so a doug over its competitors within the market. Take a look also going all the way back to 2009 this was the last time that we saw this kind of outperformance by technology overall. That gap is just widening out as we see that performance. We took a look within the xlk, the spdr technology action, so we looked at stocks over 100 billion in market capitalization and have posted better than the index returns. Check this out nvidia no surprise there doubling so far this year. 129 billion company facebook, we talked about it earlier on the show. Up, a 526 billion and broadcom, 112 billion market cap. Everybody talks about apple all the time, nearly 900 billion of market cap 50 upside there and match the card 47 , its 160 billion company so a lot of names out there driving on the
Federal Officials Say the Safety System could have prevented recent a real mans including amtrak trains the House Transportation Committee hearing includes testimony from witnesses representing the federal Railroad Administration, ntsb and freight rail companies. This is two hours. [inaudible conversations] the committee will come to order. Without objection the chair is authorized to declare a recess at any time i ask in his consent members be permitted to sit and ask questions without objection so ordered good morning welcome to the subcommittee on railroads pipeline and Hazardous Materials before we proceed i would like to extend our deepest sympathies to those impacted by the recent rail accidents across the United States. Todays hearing focus is on positive train control across United States and as we have seen we are in need of an update, ptc has a challenging process for the Railroad Industry despite these it is a top priority and we must investigate and find solutions to implem