The story totally captured the scythe geist of yesterdays trader but missed the theme of this mornings rally with the dow up 225 points. Cheap gas lean might repeal, might because we gave upmost of the days gains when still one more decline in crude this tile in the last minutes of trading curtailed the stock market rally. Dow advancing 6 three points and s p climbing and nasdaq jumping. 52 . Still in the block. A lot of consumer oriented stocks performed fabulously. Remember the battle here. Will the credit wows of the new stretched American Oil Companies chi bosch the strength that should come from shoppers who are benefitting enormously from a cheap gasoline stimlaos plan better than anyone i see the government offer or to put it in terms we can understand. Will the consumer cavalry arrive in time to save the pilgrim economy from the vagaries of the wildcatters with oil continuing to come down as it did today dropping another 1. 50 closed below 60. We didnt see who would have the up
1. 7. Markets, disappointing print on gdp. Ruble slipping overnight after yesterdays rally. Futures are in the red. Amazon stock is up sharply, results beat as profits returned to seattle. Google misses stock fell 3 . Then the Conference Call. Google shares higher in the premarket. Well tell you why. And visa posts strong results, the stock split, that stock also up. But first up, futures moving lower on the final trading day of january. Gdp below expectations up 2. 6. Weaker Business Investment wider trade deficit offsetting a nice pop in Consumer Spending. Chevron, mastercard among companies posting better than expected earnings but the major indices on track to post declines for a second consecutive month. We havent do that in a couple of years. Oil shooting for serve months down gold for three months up. Crazy times. Were the opposite of europe. Europe is fantastic for this month. A great stock market. Great stock markets there. Im struggling to find what stocks are fitting the fut
After mettling around through most of this week barely going anywhere. They get a third of a point increase. You can take that to the bank slightly but the volatility over the last five trading sessions has been next to nothing. Were looking at that with the futures again. That feels like summer. The weather yesterday does not feel like summer at all. 57 degrees yesterday. But you know what the ocean temperature is here. 50s. Yeah. So enjoy that weekend. Buying is going to be lou i can today. Probably not super strong. Lets talk about the big stories were watching this morning. The bank of japan keeping its monetary stimulus unchanged as expected. Also slightly revising up its assessment of the economy. Lets tell you whats going on in europe. German business moral weakening in may. Thats the first decline since october but the closely watched survey remained at a high level overall and then mario draghi was beginning a speech in portugal reiterating his call for euro zone countries to
You remember the not ready for primetime players, dont you . Coke take as direct aim at soda by buying Green Mountain. New speculation is that pepsi may buy the home soda maker soda scream. Well talk about that. And which is the best buy . No coke and no pepsi. We will explain about that. And then, take a look at twitter stock now. Down 212 3. A stinker, if you will. Is this the big crack in social media space many have been waiting for . Well talk about that as well this hour. Busy hour. Tylers off today. Bill griffeth is my partner. Im back. Three sectors beeing the weakes. Today among the strongest. Look at that. Consumer discretionaries, and industrials, materials, that kind of volatility this new year in 2014. And now, of course, weve got the jobs report coming out tomorrow. At this point the consensus says well get about 189,000 net new jobs created, nonfarm payroll jobs in january. Jeff killer ke ke what do you think . Get in that number, well see tick up. You hit the nail on th
Or a sense that the federal government is at last taking Decisive Action against ebola we can finally focus on what we do best, spotting the Top Companies to invest in. Thats why when we have a terrific series of Earnings Reports today as the geo political smoke cleared we could rally as hard as we did with s p flying and nasdaq 2. 7 . Later tonight i go over my check list of positives that i think are creating an investable. I regard next week as the single most important week of earnings season. Let me give you the game plan. It starts off with the earnings of apple, the Biggest Company in the world and let me tell you, still one of the most under valued. When Companies Report even the best earnings on the day of a major sell off traders take cue from the action and presume the worst. I think the same thing happened to apple when it announced very exciting new tablet products yesterday to reignite the slipping category. Apple is refreshing the entire ipad line and offering catchy ite