Are already baked into the market how many times did the chattering classes tell us the moves been made youd be a fool to start buy now. After another good day where the dow gained 99 points and the s p climbed 4. 64 and the new highs across the board, who looks foolish now . Baked in my derriere. Clean this up a little were all going to die look, every morning i peruse every morning i peruse the Research Published by major wall street firms you get a mixture of ten upgrades and five downgrades and most often you get a price target boost because the stock has overrun the projections. Thats about as bullish as it normally gets. Today, though, today, i counted 29 upgrades of significance and two downgrades, two baked in baked in are you kidding me baked in i am done with that i am done with hearing about baked in this is the official bakedin cake, and i am taking care of it right now. Thank you steady cam producer for my boeing knife. Why are we getting these upgrades oh, im on a diet im
Allowed Legal Marijuana to flourish a number of pot stocks losing their buzz big time. What now for this budding multibillion dollar business power lunch starts right now your love is lifting me higher than ive ever been lifted before well, the weather on wall street may be frightful, but inside the exchanges it is nothing short of delightful. Welcome, everybody, to power lunch. Im Tyler Mathisen another historic day for your money. The hits keep look at this chart, will you . Look at that oneyear gains, 25, almost 26 25,000 now on the dow for the first time ever. Want to know what it was back on the, the day of the crash in october of 1987 . It was about 1,700 think of the gains, the money made since then. Financials, goldman, jpmorgan, American Express, powering the dows tripledigit gains at this hour not just by the way the dow. Nasdaq and s p 500 also new record intraday highs today. Small caps, they came along for the ride russell 2000, intraday, alltime high retailers zumiez help
And spending the consumer wants reliability and the consumer will pay for it thats the lesson of the icr, the big consumer conference i spent all day learning from. A day where the dow gained 150 points, s p climbed 0. 13 and prices were higher earlier today. So many retailers are suddenly doing so well from kohls to childrens place to restaurants like darden. Remember, they are owned by olive garden and then end up with a winner, of course, it is never that easy i think its worth focusing on the consumer side. At least for now even as many of the big gains in the market are coming from what we call the capital good, companies that benefit from the global, not domestic but Global Economic expansion look, ive been recommending boeing for 240 points. Im not whacking away. In fact i think this 318 stock could easily go to 400 bucks caterpillar will be huge, accounting changes in the new tax code and thats not baked into the stock as much as they try to do so united technology, honeywell,
Chicago, illinois, is home to bentleys corner barkery, a natural petsupply store started by lisa and Giovanni Senafe in 2008. Lisa how many do they need . Just one . Giovanni never a dull day at the barkery, at least for now. Lemonis after losing a pet to illness and convinced it was related to diet, lisa was inspired to open a store and carry food made with healthy ingredients. The concept caught on, and sales surged, and within a few short years, lisa and giovanni expanded aggressively too aggressively. With seven stores open, over half of them are losing money. I love the concept of Healthy Products for pets, and the petsupply industry generates over 16 billion a year. With the right process in place, i feel confident we can fix this broken chain. Im headed to bentleys corner barkery in the Arlington Heights neighborhood, a suburb of chicago. This is the flagship store, and im eager to see the model they have in place. Vic how you doing . Lemonis how are you . Im marcus. Nice to mee
Theres no more going back to them for money. Ever. If i cant shake him out of his tailspin, his companys day in the sun will come to an end. Tony the process is a little [voice breaking] overwhelming. I put my whole life into this. Lemonis my name is marcus lemonis, and i risk my own money to save struggling businesses. Were not gonna wake up every morning wondering if we have a job. Were gonna wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings gonna change. Everything. But i do it to save jobs, and i do it to make money. This. Is the profit. Lets go to work. Tony ladies, we got bars to make. Lemonis in 2012, tony fellows launched hippops, a dessert truck specializing in handcrafted gelato bars. Tony so you choose your flavor and then your dip and then whatever topping youd like. Woman great. Lemonis his goal was to generate some buzz in sunny south florida, then franchise the concept nationwide. Tony thank you. Enjoy. Lemonis tony had been