This years no different while the averages got hit and dow dipped 120, and the nasdaq only slipping three basis points, in fact, the nasdaq, though, is up more than a percent for the year while the other averages are barely positive and the tech part of the index which is what im focusing on tonight is pretty much on fire yep, today we saw remarkable moves and all sorts of tech stocks after analyst after analyst issued bullish recommendations that reverberated throughout the whole sector pit action this is a special time when the analysts survey their universe and make predictions so far the predictions have been positive as they pretty much are every year but why not theres plenty to like better than expected quarter from a company that you probably never heard of called microchip bolsters a host of semiconductor stock, Analog Devices with a big upgrade. Both of those companies are seeing Strong Demand you always have to buy these stocks coming off the bottom thats what ive been telli
Were at post nine morgan and john have the morning off. Interesting setup here were approaching nasdaq 9 k very quickly tech, the best performing sector for the year hitting a fresh record high this morning joining us to day with his top picks in the sector for 2020 is our lead internet analyst. Mark, happy holidays good to see you. Good to see you, too. I want to get right to the large cap longs for next year. Uber is number one then you have two, three, four talk about it. Yeah. Im going to pitch it. Uber is the facebook its our facebook for 2020 it turned out of all the stocks, facebook is the best performer in 2019 because it whats so dislocated at the end of 2018. A lot of controversy around it i think thats exactly the setup or similar to the setup on uber now. We like it we think well see a clear path to profitability i think well see sustained growth in the ride sharing business and if they can fix that eats business, thats going to surge the outperformance and cause the outper
Declines across the middle east and asia, impacting early trade in europe. A slowing in chinas Services Expansion weighs on sentiment but trade tensions lift as beijing prepares to send a delegation to washington to sign the phase one deal with President Trump. And japan vows to tighten its immigration rules after the countrys first prosecutors break their silence on Carlos Ghosns escape, calling it illegal and unjustifiable. Welcome to street signs, everybody. Our top story today, there have been International Calls for calm after iran announced it would abandon its commitment to the nuclear deal following the killing of general Qasem Soleimani. They have urged washington to, quote, not using force while calling for restraint from both sides. Germany worries the roll back on Irans Nuclear commitments could be the end of the 2015 commitment javad zarif said the pullback is capable. We are seeing reactions in the market today a sentiment has certainly taken a hit on the back of this esc
Dennis muilenburg, replacing him will be the former chair, technically chair, will step out of chair, become president and ceo, David Calhoun he becomes president and ceo effective january 13th what was the final straw that broke the camels back in large part, the relationship between boeing and the faa which is completely broken down over the last several months. I learned from sources that this morning David Calhoun called the head of the faa, steve dixon it was a short but amicable phone call in that call calhoun said to dixon boeing welcomes rigorous oversight. He also said boeing wants to be regulated. This is a big change in tone for boeing compared to where it was a few months ago but in terms of whether or not Dennis Muilenburg was not going to be in the job for long, it was expected for some time his tenure would be short. This is our conversation with him in the halls of capitol hill just a couple months ago have there been discussions with the board maybe once this is certif
The system to see if that person has made their presence known or an asset made available. Right. So its not like somebody is spending 15 minutes every week trying to find this person for seven years, right . No, no, no. It will be typically we look for judgment cases, specific for small volumes, well have like nine active account. Once a month theyll touch it. And it depends if they are able to identify any leads to an asset. But the judgments we are good for ten years, and we renew them up to the full 30 years. So actually on that note for Chris Jackson whose referral date was six and a half years ago, i did spend not 15 minutes but ten minutes to make sure that thats actually on the agenda, though, his specific case. Can we anybody feel comfortable i would refrain from referring to specific cases. Somebody might want to talk with him about it after the meeting. Thats fine. Well, linkedin is a wonderful place, as is google search. I would encourage that your team do that, because it