1. 8. Housing starts not too bad. Road map begins with netflix shares vaulting in premarket after the company trounced wall streets and its own expectations for the quarter. Ibm moving in the other direction. After revenue and guidance came in below what analysts had been looking for. President obama outlining his plan to help the middle class removing Tax Advantages benefiting the wealthiest americans. First up shares of netflix up sharply in the premarket. The company exceeding its own forecast adding more than 4. 3 million streaming subscribers in the Fourth Quarter, posting profits that blew past street estimates. During the interview, Reid Hastings asked for his latest thoughts on the companys ability to reach 60 million to 90 million subs in the subs. Looking very good. 39 million in the u. S. Adding 5 plus million a year. So the trajectorys great. And you know if you step back and you say is internet video going to be in every home in america in ten years, thats a pretty clear y
Near record 10 Million Barrels a day. Of the 50 or so oil related stocks that i follow only about ten, 20 are up over the past month. All down more than 20 . Goodrich petroleum down more than 40 . One group that has been completely i think ignored, the offshore drillers. Theyre down worse, when youve got the hercules offshore. You cant even mention it now. All difficult. Ensco, a very modern rig system. The number of rigs coming on is shocking. People dont understand its about supply not necessarily demand. The tenyear treasury yield at 1. 92 or so. Again, down from our recent highs. But lets not forget jim. Yes, were down in the near term, but were actually higher than we were by about 30 basis points for our lows so far in the year. Excellent. Also in our road map this morning, shares of Gilead Sciences are down. Could be the big stock story of the day. The Company Warning of complications related to its hepatitis c drug. Chuck schumer calling for an investigation into Lumber Liquida
Target pulls out a bead on top and bottom line. But reaction not a whole lot better. Whats the trade in black friday. There was there a steep selloff yesterday which put the nasdaq in correction territory. The head of mcdonalds u. S. Business is out and Jeff Stratton will assume that business starting january 1. Capped off last month with the first decline in Monthly Sales in about nine years. Well begin with a teale of two retailers. Walmart, revenues coming in short of forecast. As for target, the Company Posted Third Quarter earnings well above estimates, says its poised for a strong Fourth Quarter, but walmart has some issues here, jim. Theyre talking countries including but not limited to brazil, china and some others too. Yeah, i was thinking it bick, not brick. Russia has been left out of the equation, foreign corrupt investigation, not a great number here at all. The stock had become a very big institutional favorite. If you recall during the mexican investigation, when New Yor
The day when we rallied in the motion and then gave it up right before the close. The dow inching up eight points and the s p declining. 1 and the nasdaq plunging. 7 higher. I like to look at this, and like all healthy bull markets ignores bad news and focuses on good news. Any bull move, any, can be sung to the tune of johnny mercer, acentuate the positive. This is Glass Half Full market. Let me show you how it really works okay . Because so many people have forgotten what theyre like. Im not talking about the faux bull market leading up to the crash of 2008. That market was led by china, not us with the minerals, coals and fertilizers and heavy Capital Equipment stocks leading the way. No, that had no breadth. Real bull markets are almost always rotational, rotational in nature and they have enduring qualities like perpetual Silver Linings as well as innumerable buying opportunities that must be taken. Buy, buy, buy before they disappear. The best look at the average to ponder over t
The day when we rallied in the motion and then gave it up right before the close. The dow inching up eight points and the s p declining. 1 and the nasdaq plunging. 7 higher. I like to look at this, and like all healthy bull markets ignores bad news and focuses on good news. Any bull move, any, can be sung to the tune of johnny mercer, a sej serve wait the positive and. This is Glass Half Full market. Let me show you how it really works okay . Because so many people have forgotten what theyre like. Im not talking about the faux bull market leading up to the crash of 2008. That market was led by china, not us with the minerals, coals and fertilizers and heavy Capital Equipment stocks leading the way. No, that had no breadth. Real bull markets are always rotational, rotational in nature and they have enduring qualities like perpetual Silver Linings as well as numerous buying opportunities that musting taken. Buy, buy, buy before they disappear. The best look at the a nat smee to ponder ov