We got a hard reversal all afternoon thanks to saber rattling over the south china sea. 560point gain to close up 11. Nasdaq led us lower plummeting 1. 3 and s p lost. 93 some will say this, that this today was a short term top i think it was just a hideous Money Managers eager to lock in gains. Who can blame them one was up 7 . Up 7 last week and you know what i think it could be short term in nature. Its got a great start to a week that sets the tone for the whole earning season what is the game plan for the next four days since i was away on friday . You know what . Weve heard from pepsi co today. Pepsi gave upmost of its terrific gains we also got a big Semi Conductor deal by entbetter than expected numbers and that the how it felt before the rolled over tomorrow is where the rubber hits the road, and it could be rough. We hear from the best of the banks and the worst of the banks. J. P. Morgan and wells fargo. I dont know if j. P. Morgues results will be good enough to offset well
The real surprise was the pathetic action in the slowdown stock. We got powerful evidence the Global Economy is deteriorating and the stocks that should be rallying, they rolled over let me walk you through this one. Last time we got devastating news from basf its a german enterprise thats the Largest Companies on earth they make pesticides, consumer products, practically everything it was a very, very big deal when this Gigantic Company said they might need to slash the fouryear earnings forecast by 30 . Ouch what did they site for the outlook . Weak car sales and crop sales and our trade war with china it was a truck back and also a powerful reminder the trade conflict hurts more than american and Chinese Companies the damage is spilling all over the rest of the world. Now we got real concern, real reason to be worried while the Federal Reserve believes business is strong, something that chief powell might opine upon, the weak forecast from chemical giant basf suggestions that the Gl
Hear from anyone, stocks are cheaper. When you see stocks that help with the dow gain 41 points, s p inched up. 07 something is afoot no im not saying things cant go down from here, item saying somethings happening that weve gotten this elevated to begin with what go i mean when i say stocks could be less expensive than they appear today . It has to do with the future of earnings and what were seeing so far this morning Johnson Johnson which has the best balance sheet, report a blistering numbers of pharmaceutical sales of 15 i department that from a Bio Tech Company when you look at Johnson Johnson, this stock sells for just 18 times next years earnings estimates how does that make any sense cole gate much cheaper growth sells only has a fraction, sells for 24 nelson pelts the investor who lost the election is upset that the Largest Consumer doesnt innovate anymore, it trades less than j j i just think theyre expensive and j j is ridiculously cheap. How about United Health group . We
Dean go [bleep] yourself. Lemonis if i cant help them pump up the sales volume. Get the [bleep] place built. Overtone acoustics will fall silent forever. My name is marcus lemonis, and i risk my own money to save struggling businesses. Were not going to 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 going to change, everything. But i do it to save jobs, and i do it to make money. This. Lets go to work. Is the profit. Recording studios and home theaters are some of the typical places you would find a product called Acoustic Panels. They reduce echo. They improve sound quality. And usually, theyre very plain looking. Brad turpin thought he could do better. So after college in 2011, he founded overtone acoustics. His mission was to produce highquality Acoustic Panels that could double as artwork. Brad so this is going into a house. Well probably be doing a home theater, but were a
Dean go [bleep] yourself. Lemonis if i cant help them pump up the sales volume. Get the [bleep] place built. Overtone acoustics will fall silent forever. My name is marcus lemonis, and i risk my own money to save struggling businesses. Were not going to 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 going to change, everything. But i do it to save jobs, and i do it to make money. This. Lets go to work. Is the profit. Recording studios and home theaters are some of the typical places you would find a product called Acoustic Panels. They reduce echo. They improve sound quality. And usually, theyre very plain looking. Brad turpin thought he could do better. So after college in 2011, he founded overtone acoustics. His mission was to produce highquality Acoustic Panels that could double as artwork. Brad so this is going into a house. Well probably be doing a home theater, but were a