The s p closed at a new all time high the dow is within 100 points of its own record airlines were up, cruise lines were up. Is the consumer back in business despite the long list of headwinds that are still out there . Brian kelly, kick it off if you look at this kshape recovery, i think part of the consumer is back in business and i think part of the consumer is stocking up again. So the real question is, as we go into the winter and cases surge, how does the consumer behave is this the last push to the time when the consumer locks down or are people going to go about their lives as usual i dont know the answer. As far as the market, it doesnt seem there is a lot of riskreward because you dont know what will be the dominant factor over the next six weeks to two months. We just heard from President Trump in the rose garden to say he expects a vaccine as well as treatment to be given approval for emergency use by the end of the year if you are in a state where infections are rising, yo
4 today hitting its lowest level in more than 4 years this despite the announcement that it is giving activist investors nelson peltz a seat on its board. With a techie dividend, widely held share base this might be one of the most tempting stocks to buy the question is simple though. Is this an ultimate value play or value trap . Guy . I would continue to say and i think weve been steadfast on this one, its a value trap. Now the good news i think today is heavy volume, yeah, traded 140 million shares typically trades about maybe 40 million or so. Thats a good sign maybe you flush a lot of people finally out of this name, but on friday while you were galavanting someplace and mcc was sitting in that middle seat, she asked a similar question and i said Thomas Edison could come back and run ge and that wouldnt save it ill say it again tonight. So are we getting towards interesting levels i would say yes. Only in terms of what we saw in terms of volume and in terms of what they saw you fo
Groups for the First Time Ever so whos getting liked or not . Power lunch starts right now welcome back a nice rally this hour major averages on deck the nasdaq 100 is up more than 1 its led by apple, amazon, microsoft and facebook apple also helping to drive the dow higher you can see more than 1 gains across the board there materials also a winner today. Fr freeportmcmoran helping to fuel the gains. D Discount Shoe dealer dsw soorg about 20 . Coty is down 14 after the company missed 15 on the bottom line thank you. Lets begin with your money. As michelle just laid out, the bulls are back in charge fear is down stocks are up. Technology leading the way lets find out why the optimism is popping back up i think this is mostly about tax policy talk about tax policy finally coming together. Maybe a few other things thrown in as well it was quitely opened and we opened really strong 5 to 1 advancing the stocks. More buyers than sellers the buyers being very aggressive they got to raise the
While energies are on a tear lately, their impact on the S&P 500 is limited. Under 5% of the index is comprised of stocks in this sector. This also means many portfolios will be underrepresented th.