Amazon. Ie amazons itself created amazons selfcreated holiday. According to channel advisor, the 2016 sales on prime day are similar to what we saw in 2015. Not changedad been much on the day. We will get more details on the numbers later in the day. Based on the pace of buying so far, channel advisor does a indicate the u. K. That prime day cells were up 11 as of noon. Prime day sales were up 11 as of noon. Aazon aside, it has been strong day. The s p and now on track for record closes. The nasdaq has turned positive for the year. This action has continued to send valuations of the s p 500 higher. This is the pricetoearnings ratio of the s p, going all the way back to the 1950s. ,he green line is the average 16. 5. As we approach 20 here, we are trading well of love thats well above those levels. We are trading well above those levels. We see a rally in energy, southwestern, freeport copper and gold and Chesapeake Energy higher. Outcome coming up with earnings that Beat Estimates beca
Nasdaq tipping. 05 . At one point they were all down much more than that. It is more important to focus on what this deal is all about and not what it looks like on the surface. Yahoo is a once Great Company eviscerated by its competitors by being run into the ground by ceo marissa. Yahoo went up against facebook and alphabet. Two companies with superior fire power. She certainly made money for shareholders by holding on to the company steaks in alibaba in japan. Hey, it could have been a lot worse. When you look at the numbers, yahoo is up roughly 150 since mayer took over four years ago. Doesnt that matter . That is not a horrible track record. The main story is what verizon had to do. The move it had to make in order to cell more cell phone subscriptions. I have felt this way since the ceo of verizon told us on mad money he might want to buy yahoo back in february. Why not add yahoo . It doesnt cost much. At the right price i think some of their assets under aol would be a good thin