Good earnings and then the ugly being the obvious. Whats going on with mega caps alphabet down, meta down, microsoft now down, apple as sara was talking about, now below 170. How do you size it up here yeah its weird its a day you have a bizarre strength in small caps doesnt really appear to be appro po of many in particular youre probably going to get favorable pce data on the inflation front, but i think the big takeaway we talked about this on tuesday, judge the first thing is that its probably better if youre a trader to take advantage of an earnings move post than to try to anticipate going in because what a lot of these situations have in common is, the earnings are great and then you get this p punishing reion. Even if you knew the earnings would be great you didnt know how the crowd would take it. Now we know. The skds thing, i think the big takeaway is the rallies on cost cutting and the, quote, unquote, year of efficiency some of these companies have declared, are over now sh
Were pretty active in the investment committee. Amy raskin, i start with you. You sold nike. Yep. Seems to me from the notes here you had it. We trimmed half our position, we spoke about a couple months ago, but were done. The company is just not executing as well as it should. The brand is still great. We could come back to it at some point, but theyre not executing right now. China is a risk for them, and, so, were out of the position. The stock is down 14 year to date, down more than 20 over a year. They certainly have had what i think people would suggest is an innovation slowdown. Yep. The company sort of acknowledged that. They blamed remote work. Which was terrible. For that. Their competitors somehow figured it out. Hoka, on, new balance can you sort of go down the list lulu are rising competitors. Theyre all sort of part of the sell pie . All part of the sell pie. I really did not like the explanation we couldnt innovate over zoom. Everybody else sort of figured it out. They j
Stop as she was on her way to make the 45. Police say she was hit by a car on tuesday. She wasnt found there until the next day. Traffic records indicate nearly 60 people have been hit on this stretch of road over the last decade. And so many people are going to miss her. Marlee delaney, known as molly to her friends, was leaving emily odes oakland home on Tuesday Morning to take a bus. She was meeting another friend, shirley, at the airport, and then this one was a long planned trip with her childhood friend, shirley to spend four days in San Francisco. But when she didnt arrive, shirley called coco delaney, mollys daughter. So thats when she called me to tell me that she was missing. She was last seen leaving owens house at 726 in the morning. She texted shirley at 739, attempting to catch the 746 bus. I looked up. I looked down. I didnt see any debris or suitcases or anything. When the car hit her, it hit her so hard that it knocked her back and down into this ravine against the fen
Obviously, thats a big story of the day. We have big trade alerts in tech specifically we have josh and jim all hitting the button today, but in different areas. Josh, you just bought netflix here down about 2 . Why did you buy it what are you seeing here is this trade . Is this investment tell us what you are seeing. Right now its a trade. Ive done this before with netflix. When this stock blew up in, i think, april of 2022, it was, i think, like one of the best buying opportunities for a large cap growth name of the year. And it took a while. It wasnt like a vshaped recovery i dont know that well get a vshaped year. Once again, the stock is blowing up because the quote, unquote longterm shareholders here continue to embarrass the brand. I cant believe that we saw reaction like we did about them reducing the subscriber guidance it is such a childish metric to begin with it is people that dont own a business think that thats like an important thing when in reality, the company is telli
Major funding for the pbs newshour has been provided by and with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill wall street was hit by a wave of selling today, triggered by chinas currency devaluation. The price of oil and other commodities plunged, amid fears of slowing growth in china, and materials stocks followed suit. The Dow Jones Industrial average lost 212 points to close near 17,400. The nasdaq fell 65 points, and the s p 500 dropped 20. Woodruff nine people are facing federal charges in a hacking scheme that gamed wall street for 100 million. Federal prosecutors in new jersey and new york city say hackers in ukraine stole Corporate News releases before they became public. Then, traders in the u. S. Allegedly used it to engage in insider trading. Five of the suspects were arrested today. Ifill the head of the Environmental Prote