Breakout . Today the market answered that question and the answer is not as long as the bears think they can. Todays the day when many stocks that have been languisher or puttering or just plain going down finally awoke from their slumber and regained their gusto as part of a broerd moader move higher. S p up 1. 6 , nasdaq 1. 9 . Lets start with apple. After reporting a terrific quarter back in october where the company delivered on every single metric, apple stock had started percolating like the old days rallying from the low teens to 122. But when it got there, Credit Suisse came out with a brutal forecast of reduction based on weak supplychain orders discovered by, and i quote, our teams in asia. At the time i said here we go again, yet another Research Firm has used its team in asia to discern weakness in apples Product Sales by measuring components. . Ing thats been done dozens of times since the stocks historic run from the generational lows of march of 2009 when the stock was a
We begin with the final push. A december trade thats typically good for the markets. Stocks up 74 of the time. Theres a lot in front of investors. This weeks key jobs report, the prospects of the fed raising Interest Rates in a couple of weeks. Joe, what do you do between now and the end of the year . Do you stay with whats worked, or do you need to switch things up because you think the fed is going to go in two weeks . You have to be ready. I think there are two strides. You stay with what has worked yeartodate. Especially as it relates to consumer discretionary. I think secondarily, though, there are names this quarter that have come back once again. I think those are the type of names that you could for a trade align your portfolio in your strategy with. What i would not do is the names that are down, the sector that is are still down deep into this quarter, i would not expect them to bottom out and have a move over the next couple of weeks into 2016. Going back to 2006 there is th
Week of the year. Certainly big story of the day. The mega deal between pfizer and allergan, the largest ever in that industry. Now, what does it mean for one of the most widely held stocks around in the form of powerhouse that the deal creates . Our reporter has been right in the center of the reporting of the story, joins us now. Hi, meg. Standing outside their headquarters where today they announced the deal for 363 per allergan share. Being structured as allergan buying pfizer. But allergan shareholders get the premium. This would create the Largest Drug Company in the world. That is also the largest deal to move for tax purposes. The combined Companies New tax rate will be about 17 to 18 . This is bound to attract political scrutiny, i believe already is this morning. Pfizer ceo sat down with us, saying theres more to it than taxes. Although the price may have been different if the tax benefits werent there. You can see both stocks are trading down today. Some analysts saying shar
Thats why the dow roared 82 points and the s p gained and the nasdaq rallied. The Federal Reserve has been leaking that we could get a quarter point rate hike and then a forceful statement that nothing will happen again unless we get concrete evidence that the u. S. Job growth is accelerating. Now the bulk of you who never played this rate hike, rate cut game probably think these attempts are pure silliness. I wish that could be the case. I wish i didnt have to talk about it. But its anything but. Its very important. First lets understand the fundamental concept behind the bull market we had and why it has gotten tenuous of late. With bonds yielding so little theres a mad scramble for income where ever it can be found. Younger people may not understand this at all. After they put away the first 10,000 they want to buy the highest growth stocks. Book, amazon, any of these companies that the Younger Generation endures. Netflix, fitbit. Theyre quite exciting. Thats because young people ca
Percent or 29 points. Thats where we stand right now on this monday. Well, despite disneys new star wars movie absolutely crushing it over the weekend, crushing all box office records, in fact, the stock keeps on falling. Its down another 1 today. So youre looking at trading since friday, if we can bring up that board as well. There we go. Down from the 112 range to the 106 and change range as we see today. And, mandy, the driver here has been the btig media analyst rich greenfields two cnbc interviews in two days. Watch this. Disneys earnings expectations for fiscal 17 and 18 are simply too high. Were 5 below the street for 2017. 8 below the street for 2018. Bob eyeinger is not being truthful about the ability for espn to go direct. Do you think more than half the households in the u. S. Would say i have to have this. Youre saying hes straight up lying . Were saying hes not being honest with investors. All right. There you have it. Lets bring in martin pyykkonen, Senior Research analy