The midst of a new review of its safety standards. And, Hewlett Packard could cut an additional16,000 jobs the tech company is already slated to slice 34,000. Hpq also reported an earnings forecast that fell shy of analst views. And our trader talk on this friday morning, James Ramelli of keene of the market. Com joins us and james. Its going to be an interesting trade today the market is closed on mondays. So what will be your trade of the day . My trade of the day might be no trade. This has been a very interesting week for the stock market. Weve seen some really bullish price action but that action has been on very little volume. Weve had one of our lowest volume days of the entire year this week, and while the market continues to head higher, i dont necessarily trust it at these levels. What were seeing is very light volume in the Options Markets as well which tells me one of two things either options traders have already gone on vacation or they dont believe in this rally. Either
A 6 day winning streak its longest in 7 months. The nasdaq was especially strong, rising nearly 1 percent. Commodities were red. Oil fell more than 2 dollars a barrel and gold futures notching a 3rd straight day of losses. Netflix flexed its market muscle. Its shares took off after reporting earnings. Its numbers easily beat the street in expectations. The company is signing up subscribers and its announcement that fees would modestly rise for new customers was welcomed by investors. Owners of Harley Davidson shares were feeding at the trough of profits. Ticker symbol hog, its shares popped a wheelie after a strong Earnings Report First Quarter earnings were up almost 19 percent on strong sales. Where are most of its buyers . Asia, especially china where owning an american harley is a distinctive mark of status. Our trader today is todd horwitz, with avg. Joe options. Todd, let me ask you about mcdonalds didnt hit its numbers, market didnt seem to care, whats going on . Good morning bi
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Nicholas Berggren grew up in a restaurant family in Columbus, Ohio. He's been in restaurants since, and at Chicago's The Purple Pig for the last decade.
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