Are straight ahead this big bank is underperforming the peers and today one veteran analyst says sell its our call of the day Investment Committee is ready to go. Halftime report starts right now. It is good to have you with us on this thursday. Our Investment Committee today liz young is the director of market strategy. Another high for the nasdaq. Pete, this ramp continues into the end of the year. S p is at 23205 phase one what we talked about led into that thing. People have gotten comfortable we continue to kick things down the road because of that i think its given people more fuel to want to be somewhere else in the market particularly in some of the nasdaq stocks with growth. Some of them have easy still, the valuations arent too stretched. Some of them are that the ones im starting to avoid more and more. I think that some of these names are great. Theyre getting it done the right way, but when i look at some of the valuations in specific names theyre overly stretched. Wells c
Adp is a slight miss ahead of the jobs number on friday. Apple set to open at an all time high after the solid earnings. Company sells 40 million iphones in the quarter well hear what tim cook had to say about the future. We might see an open above 22,000 for the first time but how long can this rally continue Major Corporate news out this morning. A r Irene Rosenfeld to leave mondelez. Am up implieg tlying the lau the end of the september quarter. It wasnt only about ipad and iphone sales. Services revenue hit an all time quarterly record of 7. 3 billion representing 22 growth over last year. We continue to see great performance all around the world with double digit growth in each segment. Over the last 12 months our Services Business has become the size of a fortune 100 company, a milestone we have reached even sooner than we had expected. Go back to something that looks like a company where you can give it a higher multiple. Particularly the Services Revenue which is extraordinary
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app instead? Drivers and risks every investor should watch this year. 00:08
The second half of the year could see a heady cocktail of monetary stimuli, fiscal expansion and strong consumer spending. Image: Bloomberg
Stock markets around the world started the year quite strongly, with indices very close to record highs. Even ‘out of favour’ equity markets like Japanâs have seen strong performance recently as the Nikkei 225 index rose above 30 000 for the first time since 1990.
Financial markets performed reasonably well throughout 2020, behaving in a manner completely different from underlying economies. Starting the year, Stanlib identified the key factors that would influence investment markets. Economic growth was accelerating and, combined with low inflation, could provide solid support to financial markets. Central banks remained accommodative, which provided a strong tailwind.