Lets get right to it. Because we are heading into the busiest week for earnings with mega cap stocks like alphabet, apple and amazon all set to report. So what should traders expect . What will it mean for the rally . Lets get in the money right now. Dan, what do you say . Well, listen. I think microsoft kind of set the stage for some things that were going to see over the next couple weeks. Fastgrowth businesses like a public Cloud Business are going to continue to do well. Continue to grow fast. But legacy businesses and we saw this from microsoft and intel, continue to do poorly. And then the other really important point is that enterprise spending, businesses, is not particularly robust right now. So i think that, you know i think i said this last week on the program. I think the stuff thats been growing the facebooks, the amazon, the stuff that i cant get my arms around, and i cant tell you that you should be long these things, theyll probably continue to work until they dont. Yea
Over . I dont know about over. Just pause. We rallied so much from the brexit news so quickly. Surprised just about everybody, i would say. Myself included. I think we pause. Back and fill. A big week in terms of the jobs number friday. Earnings next week. Get more color from what companies, what theyre saying. What is clear, mel, rates are staying low. Even if they dont stay this low, theyre going to stay low. So what you are seeing today is kind of the continuation of chase for yield. I have been positioning a little more u. S. , a little more high quality, and certainly dividend, where i see dividend growing. Maybe theres a little arbitrage. How do you get yourself to stay in yields at this point . Consumer staples, sectoring doing well today. Joe, isnt it hard to stay in those trades at these valuations . I dont know. You could have made the argument three, four years ago about the defense for yield strategy. Consumer staples, a potential for global m a. Geographically, where can w
Up noorn more than 20 . People going towards the stocks. The question, is there going to be a potential cut in dividends. I dont believe so and utilities have ban great performer the last number of years. The hunt for yields is going to continue and the oneyear to 1. 48. Look, in utilities, theyre a special sector, because theyre a regulated entity. Theyll get enough to pay those dividends. See a massive recession, depression that will shut down terms of need for electricity and so forth. They can do fine. Tickle the energy cost coming down. Look at materials, however, stocks like php, i dont see how they maintain div gends going forwa dividends Going Forward. More worried about that. Energy could come down more. Basically okay. Theyll come down. You still need dividends. Telecos . Who knows . Major disruption there. And in some respects, joe, try to get what could be coming. Gdp report, disappointing, business dropoff. People wondering if that forecasts a recession. If business spendi
Consumer related stocks. Check out shares of ford and gm, both sinking. Plus check ott the retailers like nordstrom and macys getting crushed today. Is the stock market telling us the consumer may be tapped out . I dont think so. I think first of all, retailers have all bounced since may, so maybe the sell off, its often oversold condition. We had a nice bounce, but the auto stocks have been lousy for three years. Think about it. You have in my opinion, the best vir environment in the last maybe 50 years. The stock market is basically tripped. If these stocks have gone sideways to lower over that period of time, you have to ask yourself when is the right time the own these stocks. Weve had this conerer sags for a while, so i think the autos tell one story. The reteailers tell a story, bu i dont think you can say the consumer is dead. Well, ill tell you, the auto sector is the most concerning. I look at auto nation. Mike jackson was on cnbc back in january. Said 2016s not going to be a
Trump facetoface with Henry Kissinger. No shortage of topics for the two to discuss from the war against isis to the syrian civil war, russias cold war drama, venezuelas economic collapse, chinese aggression and protecting israel while dealing with the palestinians. Dick cheneys former National Security advisor here on the issue he says should be priority number one for the next president. A lot of issues, which one should be the top . Hillary clinton ended Bernie Sanderss winning streak with a photo finish in kentucky, did little to pressure bernie to quit the race, sanders took oregon and said he is in it to win it at least until the end. Tom baer with me live. Will hillary be forced to pick bernie as her running mate . Is joe biden back in the mix . He started speaking in columbus, ohio. The facebook faceoff and charlie about to break news, less then an hour to the closing bell, lets start countdown. Here it is, the breaking news, equity markets reversing and dropping after new rate