Producers about a planned output cut. Wti has fallen under 50 a barrel. Right now 49. 43. As for stocks to watch, chep ch chipotles Third Quarter profit falling. The samestore sales fell nearly 22 , worse than expected. They have forecast sales to rise in the high Single Digits in 2017. Panera breads Third Quarter results beating forecast. They were helped by price increases on its menu and it is raising the fullyear outlook. That stock seeing a nice pop. Pandoras Third Quarter earnings falling short of estimates. They are also cutting the fullyear guidance as the number of active listeners fall and costs rise. Akamai rising 6 beating forecasts. The company, which helps speed up the delivery of content over the internet was helped by Strong Demand for its Cloud Security products. Pandora, whats the problem . Apple . I dont know if its apple, i think its more of a spotify thing. Spotify is doing well . Its just a fraction just split up now. Its a tiny thing. What are people using . Do y
Buying into weakness. Given that we got a heck of a lot of dips going on in a market like this one, where the dow sank 29 points today, s p declined 0. 44 . Nasdaq lost 0. 92 , i think its going over who does have credibility and who doesnt. So that you can learn how to tell the difference and do some buying as we are now down eight straight days. Thats the longest losing streak since october of 2008. Thats staggering. Lets talk with someone whos got credibility in spades, rick clemmer. Hes the ceo of nxp semiconductor. Hes been a transformational executive. Nxp was long viewed as little more than a component supplier for apple. Last year he snapped up freescale, a maker of chips for autos and the internet of things for 11. 8 billion. Four private equity firms had led a leveraged buy, paying monstrosity and it felt the company was always a few steps away from deaths door. But to him it was a way to diversify the footprint away from the cell phone and towards autos and internet of thing
Given that we got a heck of a lot of dips going on in a market like this one, where the dow sank 29 points today, s p declined 0. 44 . Nasdaq lost 0. 92 , i think its going over who does have credibility and who doesnt. So that you can learn how to tell the difference and do some buying as we are now down eight straight days. Thats the longest losing streak since october of 2008. Thats staggering. Lets talk with someone whos got credibility in spades, rick clemmer. Hes the ceo of nxp semiconductor. Hes been a transformational executive. Nxp was long viewed as little more than a component supplier for apple. Last year he snapped up freescale, a maker of chips for autos and the internet of things for 11. 8 billion. Four private equity firms had led a leveraged buy, paying company was always a few steps away from deaths door. But to him it was a way to diversify the footprint away from the cell phone and towards autos and internet of things. Now qualcomm is buying it for 110 a share. This
Some big winners, it could also start producing some big losers with the dow edging up 21 point, snaep declining marginally, and the nasdaq falling 0. 36 . Before i go into how things are playing out, let me say candidate trump may turn out to be different from President Trump. Candidate trump, what does he want to do . He wants to cut taxes, right . He wants to build infrastructure, build up our armed forces, and be tough on our trading partners. A philosophy that included scrapping nafta to get back at mexico and perhaps throwing tariffs on the host of goods we import from china. Last weeks rally was based on the first part of the premise. You got taxes, you build more and Interest Rates go high, which is good for the banks and theyve continue to rally. You give people more disposable income. Thats good for retailers and travel and leisure companies. You want to pump up our military, you need to order hardware from Lockheed Martin and northrup grumman, to name two. The moves in those
Market. Every weekend i go over what stocks are hitting new highs. Its the equivalent of whats hot on the run way and its startling how often the styles change from week to week. Fashion was behind a great deal of todays actions. They started off in the red thanks to greece and rebounded terrifically and the dow closing up 28 points. Nasdaq advancing. 11 . First the hottest style, the one that is flying off the shelves. The one that cannot be kept in stock, thats the Cyber Security stocks. It makes sense. Ever since the former ceo of target lost his job, the execs of all Major Companies have focused on this issue. Just as no ceo ever lost his job spending money on marketing successful no ceo will ever be fired for spending too much money on Cyber Security. Last week we got astounding report cards out of two highly visible newer comes in the space that showed how executives are throwing money at this problem. Fire eye does forensics as well as offering a Security Package that sells very