You were just talking about times when its okay to sell if youve had gains on some of these big cap tech names. Yeah, im not advocating that this is a get out now moment, i just think that we have had such a good run, there was something that came out on the screen this morning that we are having the best quarter since the Fourth Quarter of 1999 and i just cant be, oh, well, so what, when was that that was a seminole top. Theres been some fantastic runs and i think that sometimes we forget why we own stocks we own stocks to create wealth there was a gentleman on just now, mr. Bailin and he said so many good points, he agrees with me on selling some of the ones that have really moved he would like to rotate into the stocks that havent moved yet. What i am saying is there is no sense for a lot of our investors who watch to rotate into something that hasnt moved when they can just sit and wait with some cash, which is cash has been so vilified and i think that i am not coming in early lik
Are straight ahead this big bank is underperforming the peers and today one veteran analyst says sell its our call of the day Investment Committee is ready to go. Halftime report starts right now. It is good to have you with us on this thursday. Our Investment Committee today liz young is the director of market strategy. Another high for the nasdaq. Pete, this ramp continues into the end of the year. S p is at 23205 phase one what we talked about led into that thing. People have gotten comfortable we continue to kick things down the road because of that i think its given people more fuel to want to be somewhere else in the market particularly in some of the nasdaq stocks with growth. Some of them have easy still, the valuations arent too stretched. Some of them are that the ones im starting to avoid more and more. I think that some of these names are great. Theyre getting it done the right way, but when i look at some of the valuations in specific names theyre overly stretched. Wells c
Direction of Interest Rates whei he tes on capitol hill tomorrow. In the meantime, a relativ calm has settled over wall street. The dow industrials today fell just 22 points to 26,783. The nasdaq was up 43 and the s p added three points, but that calm could leado volatility when Jerome Powell starts speaking. As usual, a fed chief faces a tough task. He is under pressure from the administration to cut Interest Rates, but he has said thatne ry policy should not be influenced by shortterm political one thing is clear though. The economy may be growing, but that growth is slowing. Today some of the pieces to the economic puzzle fell into place. And the first piece came from pepsi. The Company Reported higher quarterly profit and sales. Now, part of that was pepsi specific, tied to its new products and higher pricing, but the company also said its results were helped by a strong consumer, which accou ts for mon twothirds of economic activity. Sarah eisen has more. Eporter consumers are inl
we begin with a weather alert and it s not good. more severe storms and flooding threatening parts of the south already devastated by a deadly tornado outbreak over the weekend. rachel: at least 26 people are confirmed dead and several towns are left in ruins. will: look at those images over rolling fork showing the images. on the ground in mississippi. robert has the latest. good morning to you all as a very swift wind is coming in here into rolling fork. a cool temperatures this morning and you could see the destruction behind me. unfortunately. this is a home, a large wood beam that has smashed to the ground from this ef-4 tornado. 166 mile-per-hour plus winds. mile and a half long this town of rolling forks is in shambles. it will need to be completely rebuilt. over 2,000 people live here. 24 people have lost their life in the state of mississippi one dead in alabama. federal, state and local on the ground yesterday. talked to governor tate reeves listen to what h
Good morning, it is sunday, january 19th. I am mike mibach. I am allie rasmus in for claudine wong. We go to rosemary. This is a look outdoors towards the bay bridge and it is 7 23. Plenty of sunshine again for today. Into the afternoon, minor cool down tips. It just continues a tad. Another shaving today. We will look at the afternoon highs. It is spare the air day. Whether you are in the moderate or unhealthy category and in the extended forecast, still no rain. We will have a look at the extended forecast and the numbers in today coming up. The super bowl championship is on today. The team has practiced in seattle since arriving there. And we are now eight and a half hours from the kickoff of the nfc championship game between the 49ers and the Seattle Seahawks. In case of a big win or disappointing loss, ktv. Is live in San Francisco with a look at the pregrahame preps. Katie . Reporter good morning, mike. They ride in the historic cable cars and today, the ride will be shorter. It