All that and so much more on making money. Charles it is another late summer session for the stock market. To the untrained eye looks a little indifferent, right . Perhaps an owed to the final lazy idyllic days of summer, you know what . By the way, before we have hectic fall but there is something going on. There are a lot of narratives. In fact history is being written and rewritten every day in these markets. The resolve in the face of the coronavirus. Uncertainty, resistance really for the Global Economy still partially locked down. It is amazing because the older stocks dale hi improving fundamentals but new crop of hot stocks, new hot stocks, in plain sight too good to be true which brings me to the stock of the day. Zoom, i think you heard of it, right . What could arguably be argued one of the best quarters in the history of business. The videoconferencing call Company Posted results that just annihilated wall street estimates. Revenue up 355 . Operating margin 42 from 14. Free
Yesterdays speakers, maryland congressional candidate, kim klacik she is an internet superstar. All that on making money. Charles i think something profound happened to jer role powell during the two weeks when the Federal Reserve hiked rates, december 20th, 2019. It was the ninth Interest Rate hike of 2015 after essentially the fed went for seven years to zero percent. Powell was driven to some event days before christmas and hit a big pothole. As the driver looked to work out the flat tire, he saw a homeless woman panhandling money from complete strangers. He thought about his policies about runaway inflation that had yet to materialize. It was the old Federal Reserve playbook to slowdown the economy, something that hadnt reached the economy. January 4th, powell made comments not mention the plight of the women, he admitted to a epiphany. He changed course in history. I think he changed the course of the Federal Reserve, saying a strong jobs market, rising inflation does not rise con
More federal funding . I will ask trump Economic Advisor steve moore. President trump to take center stage again as the Coronavirus Task briefings are back. They are back this afternoon. Well give you a preview what the white house what they look like. All that and much more on making money. [. Charles market continues to sort of seesaw back and forth one day, next day, growth, value. Latter in the drivers seat at the expense of the former. Ahead of Earnings Release that finally get the entire market in sync. The winning column is beginning to broaden out. There is still a lot of cash on the sidelines. Names that have not popped. A lot of them in the starting blocks. I will bring in three of my favorites that are breaking out. David nelson, Divine Capital ceo dani hughes, key advisor group, coowner, eddie ghabour. Eddie, value on fire getting help with earnings. We see important things. Ibm cloud. Digitization, samestore sales up 730 but online stuff 70 but online stuff up 200 . Can on
Herman cain in a few moments. We all heard about the power of prayer. Some experts say there is actually Science Behind it. I will ask Jonathan Morris for his take on that. That and so much more on making money. Charles so the market meandering, with the dow and s p consolidating gains from yesterday. Nasdaq stemming gains for the year. Todays trading range is narrow. But that hasnt been the case for the year. In fact were seeing record volatility. Meanwhile professional investors are loaded up with defensive investments. Should you be following their lead . I want to bring in Divine Capital dani hughes, along with bny chief Market Strategist alicia levine. Before hitting those topics, ladies, i want your reaction to the overall market. Equities are acting great. Seeing perhaps a rotation out of bonds into stocks. Alicia, feels like everything is on the cusp of breaking out. Charles, let me say, great to see you again and great to have you back. Charles thank you. The market is bumping
This moment . Expert analysis how you should be positioning your portfolio. Has a deal within reached in washington for more stimulus . Could it be mean more testing and stimulus . Well have more and the answers coming up on making money. Charles markets down for a second day in a road. The hardest hit sectors are not oil. Technology stocks getting absolutely slammed today. We knew after this huge bounce a pullback was inevitable but how deep will it go . How should we be positioned for this . I want to bring in capital wave strategist shah gilani and Divine Capital ceo, dani hughes. Shah, let me start with you. That was amazing vshaped, sharp, strong, stock market recovery, more than probably anyone had anticipated but everyone knew we would pull back. This is part of it. How are you positioning yourself as some people made money buying on the first deep or eager looking at the second dip . If you were lucky enough to time that to get in i wasnt, good luck to you, but i would suggest