Fivemonth wing strning streak o far. Its the busiest week of earnings season with more than 160 s p 500 constituents reporting. Merck, pfizer, uber, jetblue, marriott, caterpillar. Weve got a lot of different earnings reports to get to this morning. I mentioned caterpillar. It did top estimates also lower sales and potentially tighter margins in the Third Quarter. The companys ceo will join us later. That is just the bearish they had a great number. Well talk about the fact that they dont even have enough product. The bears like to get to it very early. This is routine. They did it before they took the stock down from 230 all the way down to 206. Jim, what we spoke listen, the bears didnt know what they were doing then the stock went straight up to 265 im absolutely happy to deal right at the front. 2 top line revenue growth, 22 . Thats called good. I didnt mean to get right into im not disputing its good it is good the only question is whether or not the stock has already accounted fo
What traders should be doing next with uber im melissa lee. On the desk tonight, mike khouw, carter worth, and Brian Stutland we start off tonight with the market wobbling, the s p down over 2 , while the nasdaq fell over 2. 5 . Next week well get the latest readings on inflation with cpi and well also start to get our first reads on the state of the consumer as retail names start reporting, disney, ralph lauren, capri, all next week, and then the week after its the big boys, walmart, target, macys, home depot, lowes and many more so lets kick it off with the charts here. It has been a mixed bag for retail this year disney is negative carter, what are you expecting for disney yeah, first, lets look at the disparity or divergence between the actual s p 500 Consumer Discretionary sector and the equal weight sectors, youll see on the first chart of the screen these two lines, one is the actual sector as constructed of standard and poorss. Up some 34 year to date and thats dominated by ama
Im melissa lee. On the desk tonight, mike khouw, carter worth, and Brian Stutland we start off with the market wobbling a bit the s p and nasdaq ending a fiveweek winning streak the nasdaq fell over 2. 5 . Next week well get inflation and cpi and consumer as disney, ralph lauren week after its the big boys, walmart, target, macys, home depot, and many more let lets kick it off with the charts carter, what are you expecting here for disney . First lets look at the disparity or divergent between the s p 500 Consumer Discretionary sector and sector youll see on the first chart these two lines. One is the actual sector as producted by standard and poors, up 30 year to date. And of course thats dominated by amazon, tesla, home depot and mcdonalds the consumer line, thats the same sector, but every stock is given equal weight, so foot locker gets same as amazon thats a much different story. This is as big as important as it gets. Not so much in terms of market cap, but its dow stock, one of
With a giant sheet of papers on stocks along with what we call topdown analysis from whip smart strategist to outline what they are seeing in the big picture from their 30,000 foot purchase. The top domes are exceptional at what they do all the what they do is an almost was doing. They typically try to rationalize all the big picture inputs, treasury yield, curve, recession, housing then come up with targets given their perceptions about the world. By the way, the dow finished with 100. Climb. I am not a huge fan of the top down analysis. That is called macro. I like the micro thinkers, the people who analyze the fortunes of individual companies. They managed to gauge prospect. They translate earnings into price targets for neutral stocks. They are pretty much always on the game, always doing their homework, especially during earnings season. These two facets of analyst seem to almost have nothing in common with each other. Is this the time General Mills is they dont do that. They have
End down today, it will probably still be a strong july wall streets eyeing what would be a fivemonth winning streak thats very impressive. It is we have some downgrades today on the research front. Ford, ge, csx, u. P. S. , salesforce, thats just a few. We will dig into some of the reasons why. And twitter left its heart in san francisco, but elon musk saying the newly branded company, x, will still call that city home despite its downward spiral, as he says ill be out there next month. You will . Well, september, for dreamforce oh, dreamforce. Im a big believer in the city, and i was out there in september and was i dont want to say i was horrified. But its mnot the city that i remember were going to talk more about that, but i want to get to the markets as we start our coverage for the week. Today is our last day of july. As we said, fifth straight month were coming off what was a fairly strong week sure. And what seems to have been generally speaking, and of course, we got a lot mo