Scott bauer of trading advantage is standing by. Good morning scott. Good morning angie. You have your eyes on stocks to watch in 2014. Lets start with the financials. What would be your pick in that sector . The financials are really what have led this market higher in the past couple of years and now that weve already seen one tapering with more to come, rates are going higher and quite frankly the banks make money when rates go higher. I love Goldman Sachs, i love jp morgan, i love the entire Financial Sector so if you wanted to play it just on a macro basis, you can go into the etf or the xlf, but really goldman and jp morgan is what im watching. What would your play be on the consumer and Consumer Spending just for everyday goods . The Economic News has been pretty good. I like the Consumer Staples industry. I like the procter and gambles of the world. I like cocacola quite frankly. These consumer staple stocksthe ones that have just not really outshined the market but have just t
The year. A shocking u. S. Budget deficit drop. The deficit fell to the lowest level in 5 years on record revenues and a slow down in government spending. Facebook makes investors smile shares initially shot up more than a dollar after the close. The social media companys revenues rose to 2 billion topping ananalyst expecations. The Company Reports having 1. 19 billion montnly active users. The stock later drifted lower on concerns about a decline among teen users trader andrew keenepresident of keene on the market. Com joins us this morning for closer look at the markets. Andrew will we see any post fed reaction in the market yet today . I think we saw a post reaction yesterday. If you looked at you know we were very strong in the morning. We keep climbing a little bit higher and higher on a daytoday basis. Then when the news came out, i think the thing that scare people was a possible taper in december was told. So then, we sold off the futures about 15 points. We did rally back from
During the spring months . One thing i do is a mid course correction and see how the year has gone. This year weve seen the high flyers come down. Weve seen Interest Rates be a lot steadier than people thought. So you take a look at some of the stocks that are working and some of the stocks that are not and try to make a move here and there. Ive been buying oil, European Companies and also stocks that are in transportation and industrial seem to be more popular. Some of the high flyers really came down so ive been choosier about that sector of the economy. What about volatility in the market. Is it typically high or typically low this season . Volatility tends to rise and have these sudden spikes in the late spring and sometimes in the summer. I know a lot of people think its in the fall but ive seen the biggest volatility spikes in what people think are gonna be the quiet months of the year. Matt will this be a year to sell in may and walk away . I think a lot of people started sellin
203,000 people were hired last month. The Unemployment Rate fell to 7 from 7. 3 the dow rallied nearly 200 points on the news closing above 16,000. The nasdaq jumped 30 and the s p 20. Gold and oil had moderate changes. The sec is reviewing barnes and nobles accounting books. The bookseller admited earlier this year to overstating its finances. Shares fell 11 friday. And, the tsa reports a half Million Dollars in loose change was left behind at aiports last year. Chris gersch of altimus capital joins us for a peek at the market this morning. What a reaction to the jobs report on friday. What is the market telling us . What a reaction is right. The market is telling us that if youre a seller please stay out of the market. We open up way higher on friday and we continue to stay higher. We have fantastic Consumer Confidence numbers that come out that continue to get higher. We had yields coming down on the 10 and 30 year causing a lot of money to flow into the equities. Despite low volume