Third time on the year stocks closing out the best first half of the year in two decades. The s p up an impressive 17 tech, far and away the best performing sector, up 26 . Health care, the worst, up just 7 , trailing the broader market. With trade talks john going and fed cut hope still high, do you stick with what is working guy adami . First of all, tyler, tyler matheson. It is special. Hes legend. As special as new years eve. It was new years eve, the last day of trading for the year this is the last day of trading for the quarter. They call me the closer youre doing a great job. The closer the ramp up late in the s p 500. I know steve has been on back of this market is going to rally, and the market has been rallying i dont trust it but i have not trusted for quite sometime for full disclosure. I think the quarter end markup was definitely real, but to answer your question about tech, i think you have to fade it. I do not think a deal with xi 20, as you just said, i dont think it
And there it is thats right, options action fans, the dream team is back mike coe and guy adami will tell you the one tech stock they think is about to break out. Its time to risk less and make more lets get right to it netflix is on deck for earnings next week. It is up 40 this year, most of those gains came in january. The stock is still 10 from its all time high and the Options Market has been flying a 6 move in either direction. Dan thinks new highs are in play. Not right now this is one that it is not a trade stock. It is not one that has, you know, adverse effects of strong dollar that sort of thing but it is a stock that has a lot of unusually positive sentiment, we know there is a lot of investors that have valuation concerns with this and one thing that got me thinking about this name into earnings next week, they started off putting out a tweet talking about how many people in the first four days of Stranger Things season three that i think over 41 Million People watched it i
Welcome to you you and i were chatting about the new space spot that were going to talk about. How is that indicative to risk in this market. You have a spak, which people doing it as long as i have they know the history but its essentially a blank check to merge with a company thats going to take people to space. What does that have to do with the fed it has to do with the risk mentality of people out there. If the fed is going to drive rates down to the negative, people are going to go out and try to find Investment Opportunities and i think this is the perfect metaphor what we saw in the markets the facts were talking about stocks like chewy shows the mentality here of how people are thinking. Lots to discuss over the next hour welcome back. Great to be back. Wouldnt miss a pepsi earning day. Mike doesnt hear its an important company. The word he used is improper hp his words not mine Morgan Brennan has galactics plan to go public. Susan has details on a trade rift between President
But still red for each of the major indices. Joining us for the full first hour of the show Courtney Gibson from loop capital markets. Courtney, thanks for joining us. Whats your take on today . Investors in a sort of holding pattern, are they, until we get to the fed unbelievable holding pattern. I mean, volumes are down precipitously today. At least they were before i came on the show today. I talked to our equity desk at loop capital and in the u. S. Alone volumes were down somewhere near 30 and even in europe spain was down i think somewhere near 40 on volumes our desk flow today was down substantially as well. It looks and feels as though investors right now are really kind of sitting on their hands markets as you can see, dow down just slightly but recovering back to the highs of the session. Russell is lagging down 0. 7 utilities, real estate the bestperforming sectors. Energy and tech towards the bottom we have got apple down about 0. 7 , albeit higher for the week broadcom wei
Joining us is lindsay bell i hear you, i think earnings seeing the twoweek bounce in the market, whats happening with expectations . We are seeing second half earnings, especially the Third Quarter numbers come down a little bit this is going to be after a Second Quarter where we see a decline of 1. 4 . Thats the expectation as we all know, earnings coming in better than expected. I would expect flat to up slightly in the Second Quarter but it is all about guidance as it always is because these tariffs the numbers havent been accounted for in the second half. Broad come a wakeup call it was. Theyre expecting 500 billion of imports to be tariffed by the end of the year so we wouldnt be surprised to see more companies to do that with us for the first hour of the story. Kayla tausche has the latest, meg terrell with the latest and phil lebeau at the Paris Air Show kayla . Theres hearing under way, a last roadblock to President Trump putting those new tariffs in place on the remaining chin