61 points. Whats happening across the pond in the european markets, and its a mostly lower day as you can see. The ftse bucking the trend up one third of one percent see where Interest Rates are heading today and theres 236 on the 10year and crude is holding there. The road map starts with the largest proxy fight ever Procter Gamble shareholders deciding whether nelson peltz should get a seat on the board plus, the e commerce play, walmart remodeling stores andaging digital experiences and betting online sales will grow by 40 honnywell, shares rising after they spin off the home and transportation units front and center, Procter Gambles annual meeting getting under way. Shareholders whether to give nelson peltz a seat on the board. He has been seeking changes and p g officials are opposing saying their Growth Strategy is on track of the lobbying on both sides has been intense sara eisen will have exclusive interviews with nelson peltz and Procter Gamble ceo, david taylor first, jim cra
Ago. Im talking facebook, alphabet, formerly google, the linkedin, latter disaster after the close. And they piled into the Big Industrial and commodity stocks that were despised for months on end. You want a perfect example of what the heck im talking about . Why dont we talk about alcoa . Aa. Do you know that the stock of the giant aluminum company, which has been a total dog, earned more than 10 higher today . The second best performer in the s p 500. Even as Nothing Happened at alcoa. Nothing to justify this move. Other than this kind of rotational Money Management behavior that i like to chronicle for you. Now, i think alcoa should have been climbing for ages because alcoas splitting into two companies. One thats basically a commodity aluminum producer and another thats all about the proprietary use of aluminum. In trucks, in autos, and of course in aerospace. Alcoa is the perfect metaphor for this moment. You have a very undervalued deep Cyclical Company thats been caught up in t
Peaked. As the relatively placid performance of the averages, dow gaining 79 points, s p advancing. 15 , nasdaq climbing p1. 2 . Masked some of the most dramatic action underneath ive seen in ages. You couldnt tell the tale of turmoil from the broader indices, but Portfolio Managers furiously dumped the high Growth Stocks that they loved just days ago. Im talking facebook, alphabet, formerly google, the linkedin, latter disaster after the close. And they piled into the Big Industrial and commodity stocks that were despised for months on end. You want a perfect example of what the heck im talking about . Why dont we talk about alcoa . Aa. Do you know that the stock of the giant aluminum company, which has been a total dog, earned more than 10 higher today . The second best performer in the s p 500. Even as Nothing Happened at nothing to justify this move. Other than this kind of rotational Money Management behavior that i like to chronicle for you. Now, i think alcoa should have been cl
In context. Call me at 1800743cnbc or tweet me jimcramer. Hell hath no fury like a Hedge Fund Manager caught out of position. Thats what youre seeing today, is Portfolio Managers recognizing they dont have enough cyclical exposure. Especially if the dollar has peaked. As the relatively placid performance of the averages, dow gaining 79 points, s p advancing. 15 , nasdaq climbing p1. 2 . Masked some of the most dramatic action underneath ive seen in ages. You couldnt tell the tale of turmoil from the broader indices, but Portfolio Managers furiously dumped the high Growth Stocks that they loved just days ago. Im talking facebook, alphabet, formerly google, the linkedin, latter disaster after the close. And they piled into the Big Industrial and commodity stocks that were despised for months on end. You want a perfect example of what the heck im talking about . Why dont we talk about alcoa . Aa. Do you know that the stock of the giant aluminum company, earned more than 10 higher today .
You want a perfect example of what the heck im talking about . Why dont we talk about alcoa . Aa do you knoth t sck of the giant alinum company, which has been a total dog, earned more than 10 higher today . E secondest peormer inhe s 500. Even as nothing happed at co nothing to justify this move. Her th this kind of rotational moneyanagement havior that i like t chronicle for you. No i think alcoa suld have been climbing for ages because as splittg into two coanies. One thats basically aommodity alum producer and anhe thats all about the proprietary use of aluminum. In trucks,n tos, and of cour in aeroace. Coa the pct maphor fothis mt. Yohave a very undervaluedeep cyclical companyts be caht up the tidof t tred of mmities. Thenou have so changes i e der whs k as macro ndscape atead posive for t metals d portfolio managersre caught loing the wrong way. So they pivot. They pivot in the st cyclical stockshey cafi and alcoa sudden fits e bill its liqui its big, d its a terrifi k story. Why