Does not end. Plus the secret of Silicon Valley company palantir will become the latest unicorn to go public this week. We will find out why 2020 is shaping up to be a banner year for new listings and thats despite the coronavirus pandemic. And tomorrow, the first president ial debate of the 2020 campaign. The fox bet ceo here to tell us how you can cash in on the political faceoff between President Trump and joe biden. Less than an hour to the closing bell, im Cheryl Casone in for liz claman. Lets start the claman countdown. Cheryl we start with Virgin Galactic reaching for the stars after two bullish calls. Bank of America Global Research initiated the Space Tourism firm with a buy and streethigh price target of 35 bucks. The stock is up more than 23 right now. Susquehanna with a positive rating. Definitely a stock to watch. From space to the air, Airline Stocks taking flight after American Airlines said it secured a 5. 5 billion government loan and it could tap an additional 2 billi
Flat theres the s p up a corner. Tech is out performing today steve, i look at the notes from all of you today and sounds like youre growing more and more cautious on where we are and more importantly where you think we could go. I think thats right. My position is simple. Were going to get a vaccine the timing is uncertain. Its not going to be distributed on a mass basis until next year. The election wasnt decided until middecember from election day to middecember, the stock traded down 8. 4 . We have a market on steroids i think you continue to see issues which is really gutting the Technology Sector which has been leading the market. We saw more today. They want to call the ceos from google and facebook down to d. C. Again. That is the current administrations platform. Lets get tough on trade lets get tough on tech. Its been disasterous or could be disasterous Going Forward when you take a look at valuations, you know, theyre very vulnerable here if i could be 1010 club, i probably
Calling the platinum plan to encourage black economic empowerment. We will take you there as soon as it begins. It comes as the latest tiktok deadline has come and gone. We just have breaking news out of washington, d. C. The Justice Department has filed an opposition to a judge, district federal judge regarding a request from the Parent Company of the Popular Video app to delay its u. S. Blacklist late sunday. 11 59 p. M. Sunday night, this thing goes dark on app stores. Charlie gasparino has latebreaking details. And theres a new riverboat gambler on the scene, looking to bring yet another Online Gambling app to you through a spac. The spac is really getting cleaned here. The brainchild behind Kim Kardashians game is here. Less than an hour to the closing bell, lets start the claman countdown. Liz breaking news. We will get you that news out of d. C. Regarding tiktok but auto makers are hitting a red light right now after true car forecasts total new vehicle sales will drop 12 year o
Buyer beware, ipos that have doubled do not have a great track record after the debut. Plus the president and tiktok, he says hes not prepared to sign off on anything for an oracle tiktok deal. And wall street poised for a sharply lower open following the feds pledge to keep Interest Rates low for years and Technology Stocks do lead the declines speaking of which, jim, sounds like your conversation with joe a moment ago kind of rings with what Credit Suisse says today about tech valuations overall, that is that there is some excess and theyre lightning their weight at least on software. I count 30 companies that are selling at 30 times sales and then theres a number, even more, maybe another ten that are selling above that, 50 times sales for zoom along comes snowflake at 100 times sales. You just have to put the stop sign up because what it says is theres going to be so much supply that is coming. Look, if you own a company youve been waiting for it to come public you just got the gre
Theres your picture the dow is added up 127 points about onehalf a percent nasdaq muted for the most part still in positive territory. Apple leading the way again. Its been up by more than 1 josh brown, apple is now the single largest s p 500 weight over the past 40 years at 6. 5 that in and of itself tells the story of how well this stock has done yeah. I mean its undeaniable. Apple would be the company you would pick i dont think it would be difficult. You could throw a lot of other names in there this should be the largest wagts. It makes perfect since given the success of the fundamentals of the company itself why wouldnt it be the largest stock . However, this is as extended as ive seen it since 2012. The stock is now 47 above its rising 200day moving average. Historically if you bought the stock at anything even above 25 or 30 above its 200 day moving average, that had typically been a period of consolidation to follow it may not be the best idea with fresh cash to go plowing int