The u. S. Rating. No surprise there. History in the making President Biden would become the first sitting president to visit a piblt line hes planning to join strikers as those workers of the big three hit 12 days of walking out on their jobs. Lets begin with the markets on track for a lower open on this tuesday jim, youve been watching yields, of course. You commented this morning about the 20year in particular. Yeah. I think weave been going toward ive been saying this to club members a lets just say the opposite of an inverted yield curve t inverted is what im calling it youve got 4. 8, a 5. 3. What i think can happen is on the 20year you can usually get 6. Lets say Neel Kashkari is right, one hike. Then you have no more inverted yield curve. The problem is that when i go over stocks, locking in a 4. 8 is considered to be really pretty terrific. Its not bad. Its not bad. 4. 5 for ten years is not terrible either. People are looking at it. Go back 16, 17 years, wow, this is a great r
Bobby kotick, is telling us how hes turning one of the most popular games into a Sports League of its own. First, the dow surging back after a spike in rates this morning. A loss is what happens when there are more sellers than buyers those losses were shortlived with the dow closing basically flat so with stocks near record highs again, we thought we would play a Little Mission impossible stock. Your mission, should you choose to accept it, find a cheap stock trading on the s p at its highest valuations in a decade we have our own tom cruise at the desk in the form of tim seymour. Maybe rob lowe. Jack wagner, maybe. We talked about if the airlines are cheap ill leave that to them, if theyre so inclined. Look at Prudential Financial that stock is trading ten times forward p e. They just raised guidance recently if youre looking for places that still offer value, and potentially a rising rate environment, a name like pru will get you done. Financials. With an insurance tail. Im going to
Quickest pace since 2004, which i believe was last month. Amidst the economic members, we do not see Much Movement in the stock market, in part because a lot of it is earnings driven as we get Big Companies reporting. A lot to report after the close of trading today. Thettle bit of pause after selling we saw over the prior three sessions, stocks between gains and losses today. To give you a picture of how big of a Driver Earnings have been to the recent, before the recent gains in stocks. You are looking at the forecast for s p 500 earnings and white versus s p himself it self and blue. We have seen 2018 pershare earnings estimates climbing by 4. 5 , nine times the average monthly pace of the past five years. That has been helping propel the rally, at least until it stalled this week. Omberg intelligent intelligence says if this pace slows down or reverses, it could provide a number another stumbling block for stocks. We have facebook Earnings Report after the bell yesterday, initially
Firms. Its not really an earnings beat its a subscriber beat thats what investors and analysts that have covered it correctly have been focused on because the more they add net subs around the world and the u. S. , the more the future profits can grow and nobody is really worried about profitability right now. They havent been for a long time thats been the incorrect lens to view this company the correct lens has been sub growth and the ability to raise prices they have pulled off both. Keep in mind, they have added over 8 million subs worldwide and did it at the same time they raised prass in the u. S. Thats a business thats on fire i dont think its anymore complicated. Forget the spend. Forget the debt. They have to do the spend the subs are growing because of the spend. I want to make that point. Its a good point to make you pointed out the only two negative things that you can say about this ill agree with you. But if i said that about so many other companies, youd say forget this
Earnings in the 7 00 hour. Here are top headlines. Vonnie investors want to know if the hits can keep on coming for apple. They appear skeptical. Shares have fallen . 50 in premarket trading. Apple reported iphone sales up 35 but still missed estimates. A Sales Forecast came up short. Bloomberg estimates sale of the new apple watch were less than what analysts expected. Tim cook says the company is pleased. Tim cook sales of the watch exceeded expectations and they did so despite supplies still trailing demand at the end of the quarter. To give you additional insight, through the end of the quarter the apple watch fell was higher than the comparable launch periods of the iphone or the original ipad. Vonnie cook says one bullish side is that 73 of old iphone users have not upgraded to the device. In Greece Parliament will vote on the second package of austerity measures demanded by creditors. Greece cannot get another bailout unless legislation is approved. Alexis tsipras will have to a