About 12 today. Another market master, ams evaluation 2 trillion for the first time ever. Tech was leading now 59 minutes left of the session and were essentially flat apple not flat. 2 trillion Company Coming up in just a few minutes, we will speak with White House National Economic Council director larry kudlow about the stimulus stalemate in washington the rising tensions with china and a whole lot more. Later rolling out the red carpet, ceo of amc theaters will be joining us with his companys plan to brink customers back to the movies its not going to cost you very much. Lets focus in on the big stories were watching in this final hour of trade. Bob pisani tracking the fed minutes. Joining us to discuss retail moves from pro forma starting with Broader Market weakening a bit off fed minutes. This doesnt happen very often. Usually fed minutes is not a market mover it was as wilf rentsched we lost points in the s p 500, thats noticeable given the fed doesnt move the market in the min
Flying tech name your Investment Committee is stephanie link, josh brown and michael farr great group. New highs earlier on the s p 500. Markets have cooled off a bit. You have the dow down 182. Apple is one of the stocks ma weighing on the dow. You sold 20 of your positions in apple and nvidia. Are you sure it was hard to find a buyer . Love you, sully i dont know why were saying this is a big move or bold move. They hear the part they like its the opposite of a bold move im playing chicken. Im saying nvidia and apple have become too big a part of my portfolio. I have tons of apple exposure elsewhere. I own the kwqs everybody owns apple my lifetime exposure to apple is high all im doing is keeping 80 of my position inted of 100 . Its not that bold im doing the same with nvidia these stocks have plooned. Its like risk management. I dont want to be out of these stocks i just dont want to live my entire life based on how they do each day this is what all prunts investors do its what im d
To buy the dip should you hold onto what you have in terms of technology or should you get out of some of names you have ridden up or wondering what to do i ask you through the prism of selling slack on august 25th and then adding to crowd strike this week and what that says about how you view that question one of my favorite sayings about being a Market Participant is if you dont know who you are, the stock market is a very expensive place the find out i know who i am. Its taken me a long time to get here i understand the way that my mind works in both bull markets and bear and bear markets. I understand the things i have to correct for the biases i have to overcome. I cant get rid of them. People dont really change they get smarter but they dont change theres two ways tho think abou your question. Here is a stock thats 400 chair. Down 18 from a recent high. You watch it the whole way up kicking yourself that you dont own it one of the hardest hit names a of the last week or so, if yo
Is this is week that tech took the market back. Tech is up 2. 8 . New all time high is the russell 1000 growth. Tech is back and tech is working. Every time we get the story well roll out of tech into value, it works for three or four days and we go right back to whats really happening in the economy is tech platform driving dijtization. Not only domestically but globally these companies are empowering it that Investment Team will be strong right through 2021. The russell will be interesting. If you can find companies because the russell itself actually has no return on assets most of the companies dont make any money. If you can find a mid cap company and its revenue domestic it doesnt matter who wins the election were going the war with china its going to have an impact on certain s p companies. You can find refuge in the russell 2000 i think you have to do your stock picking there. Im looking for companies with companies that make money by distributions and having nothing to do with
Good Tuesday Morning welcome to squawk alley. Were with you for the hour, what a fascinating market day, john walmart and home depot tickiki things off then for awhile there a bit of a tumble the dow briefly at its biggest loss plenty of dynamics to watch as we watch the retail earnings and the progress on stimulus big stocks and big tech in particular apple is fractionally higher amazon perhaps riding that retail news overall. Up better than 2. 5 . Alphabet up about a percent. Microsoft lower, and then there is oracle. In the news because of this tiktok bid, perhaps, carl. I dont know if there is anyone not bidding for tiktok lets start off with exactly that as a source tells cnbc that oracle has entered the race to buy tiktoks u. S. Operations. Walt, you know what my first take was on this microsoft was telling this story about their focus on the enterprise now theyre bidding for tiktok and oracle, how does it facility them at all . Does everyone just have to have a look microsoft ba