You were just talking about times when its okay to sell if youve had gains on some of these big cap tech names. Yeah, im not advocating that this is a get out now moment, i just think that we have had such a good run, there was something that came out on the screen this morning that we are having the best quarter since the Fourth Quarter of 1999 and i just cant be, oh, well, so what, when was that that was a seminole top. Theres been some fantastic runs and i think that sometimes we forget why we own stocks we own stocks to create wealth there was a gentleman on just now, mr. Bailin and he said so many good points, he agrees with me on selling some of the ones that have really moved he would like to rotate into the stocks that havent moved yet. What i am saying is there is no sense for a lot of our investors who watch to rotate into something that hasnt moved when they can just sit and wait with some cash, which is cash has been so vilified and i think that i am not coming in early lik
Manufacturer three more names on board to report, including meta we have the story, the action, the trade into the print but we begin with dom chu with the numbers. Ty, todays bull run, at least todays bull run, trying to build on the last couple of days, is losing steam throughout the course of the late morning into the early afternoon session. The s p 500 is down one twaur quarter of 1 . So down 12, but at the highs earlier today, we were up roughly 19 points and down 23 at the lows of the session. So weve been kind of losing a little bit of steam throughout the course of the day. The dow down about 1 3 of 1 , 117 points to the downside 38,384 the nasdaq composite just about flat so outperforming so far, only down about ten points. Again, it was solidly higher earlier in the session the come poise it index at 15,686 some of the headliners today include some big upside movers on the travel and leisure side, hilton up about 4. 5 right now a good quarter for them, better than expected e
Hasnt gapped down on earnings more than 5 in 17 years so by that narrow lane, its pretty significant selloff absolutely. Its down about 10 right now. So that really speaks to just how much investors dont like this report today. Its interesting though i mean, compared to amazon which can kind of turn off earnings whenever they want just as long as it shows up on the growth side, you got to wonder are they just sort of caught in the middle here where maybe theyre not investing quite enough to drive that online revenue but they still feel like they need to preserve the profit and maybe they need to pick a side caught between the cost of all the investments and its getting more to transport goods around the country so all those combining that is the margin story on walmart today. Absolutely. And labor costs, of course, have been going up. And some of that has been by their own measure, the fact theyre looking to increase wages. But its also, i mean, i think its also kind of interesting giv
Shares of nordstrom down about 15 in the premarket, penne yerkss taking a hit. Well break down whats really happening in the sector. Donald trump launching another attack on amazon and jeff bezos. Trump saying when it comes to taxes, amazon is, quote, getting away with murder. Apple ceo tim cook told cnbc hes very optimistic about china and putting his money where his mouth is in a big way. Well look at the Chinese Company apple just invested 1 billion in. But first up, Government Data shows retail sales up 1. 3, surge led by autos, gasoline and Online Retail. But theres more Department Store pain on the earnings front. Both penney and nordstrom tumbling. At least eight firms cutting their price targets on nordstrom, which misses by a large margin 26 versus 45. Revenue was light. Comps down 1. 7, but the lesson here is that even retailers of that income demographic are not immune. Everybody at the mall was out of position, no way to put it otherwise. If you think of the three drivers o
Microsoft this morning, the company beating on the. Top line, but missing on the bottom line. Microsoft telling investors it ames to get its nokia unit breaking even in two years. We will have more on that in just a couple of minutes. As for apple, revenues fell a bit short. Asia, a key part of the story, ceo tim cook told analysts the companys performance in china was honestly surprising and we will have more on the streets reaction to apple in just a kup couple minutes. In the meantime, im going to send it over to kayla. A lot of moving parts in that. We are watching a number of other stocks today. First up, video game publisher electronic arts. The company is hosting better than expected earnings and revenue egz. Results were helped by strong sales such as titan fall, original revenue and cost control. That stock after hours and yesterdays trade down by 0. 5 . Ju juniper, meanwhile, below expectations. The network gearmaker citing delays in Closing Sales deals at some north american