Is betting on a breakout in one big bank for less than a buck. Its time to risk less and make more the action begins now. We start with the transport. Sitting in correction territory and underperforming the broader markets, trade tensions and fears of a global slowdown weighing on the group. Key players like american airlines, jb hunt, and ups off double digits from 52week highs. As fedex gears up to report earnings next week, our chart master says theres more trouble brewing. He is over to break it down. Carter. Its all things cyclical. Down today, industrials, materials, financials, and transports semis. Anyway, lets look at the transports, and then, of course, zero in on fedex this is 2007 this is the 09 low, and this is where we are now you have the past decade lets put in some lines and put it in perspective. What we know is we have major selloffs. Obviously in the 09 plunge you get a 61 drop you have a 30 , a 31 , and we endured a 26 drop this goaround, and we havent made a new h
To make money. Us too. Mike khouw will explain how he is betting on a breakout in one big bank for less than a buck. It is time to risk less and make more the action begins now. We start with the transport. Sitting in correction territory and underperforming the broader markets, trade tensions and fears of a global slowdown weighing on the group. Key players Like American Airline goes, jb hunt and ups off double digits on twoweek highs. As fedex gears up to report earnings neck week, our chart master says theres more trouble brewing. He is over to break it down. Carter. It is all things cyclical down today, industrials, materials, financials, and transports semis. Anyway, lets look at the transports and then, of course, zero in on fedex this is 2007 this is the 09 low, and this is where we are now you have the past decade lets put in some lines and put it in perspective. What we know is we have major selloffs. Obviously in the 09 plunge you get a 61 drop you have a 30 , a 31 , and we e
On a china trade deal any time soon parliamentary election we begin with the trade pause, the u. S. Is not ready to make a deal with china. We got big mergers this morning, automakers and fin tech deal for more than 21 billion. We enter this holiday week the dow in the midst of fiveweek losing streak. S p and nasdaq is down about three week s in a row for the first time this year, the first losing month of the year and the first losing may in seven years. We are in a moment where michael corvat said when he was on our show. The more chatter i hear verses what mr. Wonderful was say, we said everything seemed fine, the more i get worried that was a brutal week last week if it is in the mall, it is not good it was great, i think fabulous growth and the stock was down. We had foot locker it just got crushed. So i mean the market when it starts to see on how much supply it is coming we have zoom and beyond meat zoom is 19 billion and beyond meat is 5 billion someone recommended beyond meat.
Nasdaq higher, 20 points s p 500 up a little over 1 point. This comes after declines for the major indices in yesterdays session. Dow, s p and nasdaq each closed lower by 1 . The s p 500 closing below its 50day moving average for the First Time Since march 28th. Look at treasury yields. See where theyre standing right now. The tenyear note at 4. 182 and the twoyear at 4. 908 , just below 5 . The tenyear yesterday hit 4. 2684 core inflation remained at 6. 9 , unchanged from the prior month, slightly above forecast. Pay growth continued to pose headaches for policymakers as wages grew 7. 8 in the quarter that ended in june were watching shares of cava this morning sharply higher the mediterranean restaurant chain reporting earnings per share of 21 cents since going public swinging to profitability from a net loss in a year ago quarter. Revenue of 173 million Beat Estimates of 163 million. Same store sales rose 18. 2 . The cfo attributing some of the strong traffic to increased Brand Awar
Mim im melissa lee, this is fast money. Everyone here inhouse we start with the potential warning signs of the market. Major indices with solid gains the do w adding 400 . The nasdaq, not far behind but not everyone came along for the ride check out apple, pulling back more than a percent and a half today. The worlds Biggest Tech Company is now more than 9 off its alltime high hit in midjuly. Thats not all microsoft managed a gain today, but down 10 from its record high last month. So, is this cause for concern or a sign that the rally has actually broadened out, that we can move beyond just these two, you know, generals, dan . Yeah, so, when you think about the moves that the two of them have, okay, technically, they have broken the uptrend in place for most of this year. Thats important in a market where people dont really care much about valuation if you think about how far microsoft and apple have come, they make up 14 of the s p 500, two of the stocks together if you look at the r