Simply because they figure those future shares must know something. And that what happened today with the dow down and then rallying as the dow dropped 150 points and the nasdaq dropped. 47 . Im on a mission to have you buy low and not sell low. Like today, other than they saw red ink. There is no reason the market is going to go down. You will always get a better time to sell, if you wait for it. Including today when core indexes came back. Unless something negative happen this is weekend, i suspect well open up and maybe big on monday. Courtesy of the guys in the futures pit. Just as i said, buy the 200 point decline on the dow on days like today and if we open up on monday, and you wont have mad money to kick around, if we open up big on monday, i think well have a chance to buy lower. Dont chase. It is a fools game. Ive spent time analyzing opening and closes and it drives me crazy that people freak out on a random friday or the dramatically overly bullish and yet uneventful monday
Line for q2 and the second half of last year was the strongest since 2003 and europe is trading much better than the nikkei would have suggested. Our roadmap begins with the market. Stocks are set to open in the green this morning after the major indices fell more than 1 in trading yesterday. The good gdp number helping sentiment after the economy grew as we said by 3. 2 . Speaking of green, shares of facebook are soaring after sales and profit topped estimates thanks to a major increase in mobile ads. Profit for the year totaled 1. 5 billion compared to 53 million in 2012 and what a difference two years makes. Google is selling motorola to lenovo for just under 3 billion. Just a couple years after buying the company for about 12. 5 billion. But well begin with the markets. Futures are pointing to a higher open after yesterdays selloff on the gdp reports and claims and the economy is growing 3. 2 in the last quarter shrugging off the effects of the Government Shutdown and the debt stan
Apparently there are not enough people there to buy their products. Others having second thoughts about making Big Investments over in the worlds most populous country. First to sue at the new york stock exchange. We will start with the raging california wildfires. Just a few miles east of los angeles. Governor brown has just declared a drought state of emergency. More on that in just a moment. Some 1800 acres have been scorched, more than 1,000 firefighters are on the scene, and governor jerry brown is expected to speak any moment now. Heres the weather channels julie martin. Reporter the good news is the colby fire did not spread overnight. Firefighters worked around the clock to contain the fire and put out hot spots. It still stands at 1700 acres, about the size of two central parks, and as far as containment, about 30 . However, the Incident Commander on the scene tells me he does expect containment numbers to come up today, though it will still be a few days before full containme
The market. Big surprises already this year, in this young year. Gold and treasuries not acting the way anybody thought they would. Absolutely. Speaking of earnings, its a huge day for earnings today. The biggest day of the season. We get some big names after the bell that could have an impact on the market tomorrow. Amazon and google will be out with their results in just about an hours time. We will get you the numbers first. We have a ton of experts standing by ready to break it all down. These are widely held names. Gotten a lot of read through. No doubt about that. The neverending search may be ending. Our partners are reporting the microsoft search for a new ceo could be coming to an end within the next week. Who could it be . Whos behind that question mark right there . Why is it taking so long . And a reminder, heres where we stand across the major indexes right now. The dow up about 110 points. Its off session highs. The nasdaq adding 79 at this hour. The s p 500 up 21 points.
The expectations and what the companies are going to earn or sell. The making and missing of those expectations controlled the market today with the dow climbing 42 points and s p 500 back sliding and nasdaq declining. A watched it drop like a stone, boom, boom, boom. Then we listened to the call and American Express is doing better than expected. And the stock rallied 3 and change. Investors kamg in s came into t and General Electric quarters hoping that Industrial Sales getting stronger of the intel choose to be far more sir couple inspect and didnt give that positive and General Electric talked about a mixed picture environment. And ge sheds 2. 28 , the latter seeming out of sync with the fact the headline said things are good. With that expectations in mind, lets go over next weeks game plan. Two of my absolute favorite companies, delta airlines, dal and johnson johnson. Suffice it to say i am a tad concerned like intel because both companies had become victims of heightened expect