Retail sector. Mike khouw looks for the sequel to the movie next week it is time to risk less and make more. The action begins now. Lets get right to it it was the rate shock heard around the world, the tenyear treasury yield falling below the twoyear yield since 07 it sent stocks spiraling this week the dow saw the worst day of the year. Our chart master carter worth says fear not, the yield break down could spark a breakout for one stock heading into earnings next week. Hes at the plasma to break it down for us. Carter. Going to focus on home depot the actual builders have done nothing for three weeks but it is called out performance compared to the market and it is probably because of rates, by all accounts because of rates. Home depot, earnings next week think you can draw the line as follows. One way to draw the line, you have selloffs, right . This is a very precise selloff in terms of days down, 11 , and this is 9 what is really important about those two selloffs is that they bo
Hour the hearing is still going on behind me, but already there have been several fiery moments, including some from senator sherrod brown, the ranking democrat on the committee. In his opening statement, he compared facebook to a toddler playing with matches and said that it would be delusional for anyone to trust facebook with their finances, when the company has already broken so many promises on privacy. He then tried to get david marcus, a facebook executive whos testifying to make his own promise, and that is to receive his salary in libra. Senator, if your question is whether i would trust all of my assets in libra, the answer is yes. Do you trust this enough to make your compensation paid fully in your currency senator, i would, because it is backed one for one with a reserve. You could have said yes at the beginning of the question, then senator, with respect, i wanted to clarify that were not trying to compete with Bank Deposits he has said that statement repeatedly, that fac
The top analyst on apple he is with us live after a major player at the company says, its time to leave. The Halftime Report with scott wapner begins right now. Welcome good to have you with us our Investment Committee at the table today. Lets begin with the market. Stocks are jumping on the last trading day in june. All eyes on osaka as the g20 in full spring. We countdown to the meeting between trump and xi trade playing a big role in what the second half of the year will hold for investors why dont you size it up for us after a great first half yeah. Then i think not only did we have a great first half, but this week looks like it was a really big catchup trade a lot of stocks that had been hit hard suddenly reversed i think thats important if were going to continue this trend and have a substantial breakout that lasts. I want to focus on the rate sensitive names got absolutely rocked this week a lot of bigger damage in some of the bigger. And utilities down 2. 5 on the week we came
The Halftime Report with scott wapner starts right now. Welcome, good to have you with us on this friday, our Investment Committee at the desk today, josh brown, stephanie link, jim lebenthal, the chief Investment Officer at Boston Private Wealth is here, liz young is bny melons director of market strategy, anastasia from Jpmorgan Private Bank and lets begin with the broadcom story. Its one heck of a buzz kill today. Price targets cut across the board, lots of stocks in that space are down shortly, not jus broadcom, amd, lam research, micron, you pick it in the chips and its getting hit pretty hard the chips have two things working against them the first is theyre like one of the last true global cyclical sectors that exists that have any real market cap and any real size so you see a lot of people express their views about the Global Economy in those equities and obviously, the tariffs are an issue because of how much cross border work needs to be done in order for chips to be manufac
The Halftime Report with scott wapner begins right now. Welcome, good to have you with you on a monday joe terranova, we have the chief Investment Officer and adam parker, ceo, and we begin be the markets. The stocks under pressure this hour follow through perhaps from worries that the strong jobs report may keep the fed from keeping Interest Rates as much as some hoped. Throw in some bignamed downgrades and big picture, joe, okay, we said Morgan Stanley, okay, they have been negative no big shock right . Mike wilson sat on this desk and you have got his view. Now they say theyre putting their money where they their mouth is lowest level in five years big reason lower returns. Al plain and simple. Right call or not . I disagree with the call. Disagree with the call because im not certain first of all, Morgan Stanley as a Wealth Management company, im surprised theyre not giving you where are you going with this capital. I dont want to put it in cash, im not emerging market bonds and In