The dow surging, s p climbing, nasdaq surging. [ applause ] any time you try to analyze winners, you have to eliminate the stocks that move because of other exogenous events. Oil and gas stocks had gigantic moves because of the turmoil in the middle east. So Many Companies can benefit from the increase in the worldwide price of oil. Second, were seeing the china plays move up. Its become quite obvious. A hard landing will be avoided. Thats how copper stock like freeport or hefry machinery can rally. Those arent fiscal cliff stories. What are . What are fiscal cliff stories . How about the Home Improvement plays . We can sit here and say that lowes rallied today because of reported better than expected quarter this morning. You can argue that Hurricane Sandy could augment earnings for the next year as were beginning to rebuild the jersey coast. Many of the hardest hit areas arent even accessible to contractors let alone homeowners. However, i think that retail is the biggest winner if w
And oil gained 1. 29 starbucks ceo is feeling frustrated with the lack of action out of washington. So Howard Shultz is starting a petition today available to the public in cafes and online urging lawmakers to reopen the government and pay its bills. Shutlz calls it a platform to give americans a voice their outrage. Investors were busying buying safeway stock in bulk after the bell. Shares rose nearly 5 in heavy volume. Grocery store operator revenues topped expectations, reduced its forecast for the year. And revealed plans to exit all dominicks stores in chicago by next year. Scott shellady of trean is here to talk about the big rally. What a great trading opportunity that was. But was the rally premature . I dont think so. I think that with the rhetoric we saw yesterday we just went back to where we were befor all this garbage in washington started to happen. I think the equity market was one that took the negative washington sentiment the most. You didnt see that move in the 10 ye
And were going to talk about obviously one of the major implications, supply from the middle east of oil and the threat of massive disruptions there. With us today is lord john brown, former ceo of bp. He has a new book out entitled the glass closet. He also will respond to governor perrys comparison of alcoholism and homosexuality. A big hour coming up. The meltup weve been talking about recently has kind of melted away. The Dow Jones Industrial average is off about 15 points on the trading session. The s p 500 is traded up just a fraction. The nasdaq composite is up about a tenth of a percent. As for the transports, last trade was down about 14 points on the trading day, and the russell 2000 has been in negative territory as well. Theres the transports, down about 15 points on the trading session. Russell 200, well show you that in just a sec. Now its turned positive by about 1. 7 on the trading day. Seema mody is in times square, bob is here at the exchange. Bob, were coming off our
Overtake the u. S. Is it time to shake up your Investment Strategy . And apple, floating another ibond. Should you buy it . Or are you better off in u. S. Treasurys . Or is buying apple stock the better move right now . Were going to lay out the pros and cons of each of those three options. First, though, to sue who is here at headquarters today. Hi, sue. Good to see you, ty. You mentioned the feds latest decision comes out in just under an hour from now, but earnings and the economy of front and center for us. An important read on jobs ahead of fridays employment report. Pride sector employers adding 220,000 workers in april, that is the highest since november. It is above estimate. But its the latest gdp report that has many asking questions. The u. S. Economy slowing in the First Quarter to one of the weakest paces in the last five years of the recovery, rising. Part of it is the fridge illustrate weather appears to hamper Business Investment and weakness overseas. Despite this, tho
Why the heck is that news . Cmon, man. Ever since the great bull market of 1982 began 15,000 dow jones points ago, investors struggle to digest fresh fears. Dow ultimately gaining five points, s p advancing just 0. 8 , and future were down last night, what truly is a shame is this kind of evergreen story is now a staple to so much business journals. It costs people so much money. These pieces have caused a steady departure of individuals investing in stocks, in large part because they dont understand the fears do get digested, and when they do, stocks can rally. So i want to use in as a chance to talk about how risk and how how risk and stocks per se are risky assets, but you cant get it any reward without some risk. There are many kinds of fear, but only some are actually worth worrying about. Sell sell sell. For example, 2008. Sell sell sell. We had true Systemic Risk, which it seemed like all of our basics were on the brink of disaster, Systemic Risk must be avoided even if it means