Im brian sullivan. It does remain an uneasy market. Investors a wee bit nervous ahead of next weeks fed meeting. Next wednesday is when we get the rate decision. The dow a little change, slightly higher today. Not bad. Oil, though, sliding again, inventories once again a concern. All the major oil stocks are lower today. Melissa . Im melissa lee. Heres whats happening at this hour. Heather brash will appear before the House Oversight committee next week to discuss the price of the epipen auto injector. It expects to complete the takeover of monsanto by the end of next year and roughly 6 Million People from florida to georgia are under a Flash Flood Watch as Tropical Storm julia moves up the east coast. Welcome to power lunch. Im michelle carusocabrera. Dangerous, risky, bubble, some of the biggest names in the financial world weighing in at yesterdays delivering alpha conference saying storm clouds on the horizon for global markets. Storm may already be here. You can look at the enviro
Hallelujah now, i for one think that oil is going to stay lower longer. We ran up to that 34 level as we did earlier today. We start getting some real resistance because there are so many strapped Oil Companies out there that need to dump crude on the market or sell futures to its almost impossible to get over that 34, 35 hump. Thats why i urge you to understand the rhythm we have got going here in this market and recognize that occasionally well get selloffs in the stocks of companies that deliver fantastic quarters but have the misfortune of reporting on a day when oil goes down. That could be where the opportunity comes in. What do i mean . Lets take salesforce. Com which reported the best quarter of any Technology Company in 2016. You know i dont likikto chase. The stock missed almost 10 after the quarter. I said you have to be careful because there could be some turbulence that could bring it down. Salesforce itself which obviously did a great job. Chance. I suspect if oil opens l
To it. Thats why this market started so strong today and then petered out when oil reversed. Closing down 57 points. S p backsliding. 19 . Nasdaq. 18 . Oil was strong. This oil makes everything very difficult to figure out. Because if a Company Reports an amazing quarter on a day when oil goes down, the stock will get hit regardless. But if oil is flying buy, buy, buy you can bet that even a mediocre quarter will be rewarded with applause and a rally. Hallelujah now, i for one think that oil is going to stay lower longer. We ran up to that 34 level as we did earlier today. We start getting some real resistance because there are so many strapped Oil Companies out there that need to dump crude on the market or sell futures to hedge and bring in cash. Its almost impossible to get over that 34, 35 hump. Thats why i urge you to understand the rhythm we have and recognize that occasionally well get selloffs in the stocks of companies that deliver fantastic quarters but have the misfortune of
Oil was strong. This oil makes everything very difficult to figure out. Because if a Company Reports an amazing quarter on a day when oil goes down, the stock will get hit regardless. But if oil is flying buy, buy, buy you can bet that even a mediocre quarter will be rewarded with applause and a rally. Hallelujah now, i for one think that oil is going to stay lower longer. We ran up to that 34 level as we did earlier today. We start getting some real resistance because there are so many strapped Oil Companies out there that need to dump crude on the market or sell futures to hedge and bring in cash. Its almost impossible to get over that 34, 35 hump. Thats why i urge you to understand the rhythm we have got going here in this market and recognize that occasionally well get selloffs in the stocks of companies that deliver fantastic quarters but have the misfortune of reporting on a day when oil goes down. That could be where the opportunity comes in. What do i mean . Reported the best q
Tweet me jimcramer. Weve had a good week. The economys better. Maybe Earnings Seasons been terrific. Weve been going higher because oils going up. And theres really nothing else to it. Thats why this market started so strong today and then petered out when oil reversed. Closing down 57 points. S p backsliding. 19 . Nasdaq. 18 . Oil was strong. This oil makes everything very difficult to figure out. Because if a Company Reports an amazing quarter on a day when oil goes down, the stock will get hit regardless. But if oil is flying buy, buy, buy you can bet that even a mediocre quarter will be rewarded with applause and a rally. Hallelujah now, i for one think that oil is going to stay lower longer. We ran up to that 34 level as we did earlier today. We start getting some real resistance because there are so there that need to dump crude on the market or sell futures to hedge and bring in cash. Its almost impossible to get over that 34, 35 hump. Thats why i urge you to understand the rhyt