Friday, the the stock market caved on earnings jitters and concerns about mounting trouble in the ukraine. The dow fell141, the nasdaq 72 and s p 16. Gold rallied back about 1,300 and oil dropped 1. 30. Citigroup plans to meet in may with the Justice Department to talk settlements over shady Mortgage Backed securities. And criminal charges have been filed against former ebay executive. Christoper saridakis. Hes acccused of Insider Trading involving ebays purchase of gsi commerce. Lets get down to it now with trader Alan Knuckman of one stop option. Good morning to you. Good morning angie. Youre watching the market for us today as well as the ukraine crisis. What do you think here alan . You always have to Pay Attention to geopolitical concerns but that adds volitilityit doesnt change the fundamentals. So unless something serious happens i think its just hiccups in the marketplace and i have an old theme we want to stick toits called show me the money. Eventually with what were seeing w
Dow and the s p. Gold and oil ended the day nearly the flatline. Rofits dip 6. 2 at nordstrom. The stock dropped after the close on the earnings. And, under the golden arches, mcdonalds plans to spending nearly 3 billion dollars nextg year opening up to 1,600 new restaurants and remodling 1,000 others. Mcd is also backing its sales growth forecast of 3 to 5 . A chevron gas pipeline explodes in texas outside of dallas. Reports say a construction crew accidentally drilled into the line. No one was hurt. But residents in the area were evacuated Doug Rothschild of Performance Trust is here to get the ball rolling us this morning. Good morning to you. Good morning angie. As investors are watching the stock market go higher and higher. What is your best advice here, should they be going long the bonds or long the markets or short on both . I think cash is your friend and and you want to be careful and investing at these levels because there is a lot of uncertainty out there in the marketplac
Is Alan Knuckman of trading advantage, one of our traders who noted it would be a big year for stocks. Alan, what was behind the big move . It was just a great year. For those that didnt fight the market i made a contrarian call last december when everybody was really negative just from the fact that everybody was overloaded in one direction. The market obviously goes the other way a lot of times and it was a great big year for a lot of bull participants. You also made some calls on individual stocks, starting with facebook. This was a stock that was basically left for dead. People were not loving this stock but you liked it. I really liked it from a riskreward standpoint. Thats how you have to look at the market. You have to look at itif you buy it what are you risking it to and what is the upside potential of that play . So facebook had been cut in half so there was limited risk on the downside. It wasnt going to go out of business in my estimation. We saw a big resurgence and also s
Rest of the stock market. With the nasdaq adding on 11 points the s p 6 gold dropped by 5 dollars. And oil is trading back bellow 100 per barrel. In earnings after hours. It was a big night for weight watchers. The stock pumped up 13 as the Company Reported a slim down in earnings, but the outlook was better than expected. And la clipper chippers. Media mogul Oprah Winfery and oracle Ceo Larry Ellison are on the list of potential buyers in the Los Angeles Clippers in the wake of the teams ownern Donald Sterling being banned from the nba for life following racist remarks. Here we go with trader bob iaccino, chief market strategist, at tethys partners. Good morning. Lets talk about market reaction. Lets. The stock market is reacting already to the fed and gdp. Now today we have the ism number coming into the market. What do you anticipate . I think well be looking very closely at the jobs number. Yesterday at the close of the fed meeting, you saw very little reaction and very little chan
Row. Gold edged up 3 dollars and oil fell a dime. Jp morgan has a tenative agreement to pay 4. 5 billion dolalrs to settle claims with investors who lost money on Mortgage Backed securities in the housing crisis. On capitol hill this week. Budget talks continue and janet yellen could be approved to become the next fed chair by the Senate Banking committee. This market continues to show strength. Larry shover of sfg alternatives join us on this monday morning. Good morning to you larry. Good morning. Its a yellen kind of a week but its also another week that we could see another record run. It could be. Last week was six weeks in a row of the market being up. A lot of people blaming it on the fact that yellen is somehowbut nothings really changed except they just reiterated the zero Interest Rate policy and how thats gonna be extended for a long period of time. Thats going to help underpin risk settlement. And yet crude has been on a losing streak. The biggest one weve seen in a long ti