Employment report for november can we break the recent trend of slowing growth but we start with tesla, a boost after hours after Morgan Stanley prays raised price target on the stock from 440 to eye, sr. 500. 50 higheren than where it ended on the day pb guy what do you make of it. Adam john as i dont know this to be the case but read going now. I think he is saying the bull case, the price target he raises from 450 to 500. But i dont think he is changing the current price target i guess it doesnt matter. The bottom line is this. He says the potential surge and sentiment through the first half of 2020, the 500 is doable. But im not certain they are changing the price target. With that said its a stock you have to trade. Ill say it gwen, the move from basically 275 to 325, 330 in a Straight Line in october i think we have to revisit that. Rarely do you see a stock have a day move like that and not revisit at. You mean trade it rather than. Absolutely. Rather than own it. 100 . And the
Bid 140 a share or over 5 billion scluting debt. The apollos offer was accepted. The later offer accepted by tech data as the better offer and buffett says he does not intend to make a higher offer a little bit about tech data, it is a global distributor of Technology Products and services it supplies Small Companies with Technology Software and hardware made by larger companies, larger technology companies, a middle man. This is evidence of what has been happening with Berkshire Hathaway as the cash ward has grown. Topped over 128 billion according to most recent s. E. C. Filings from the company this move is interesting pivot for buffett, he rarely goes up against private Equity Companies and doesnt like to get into bidding wars it shows how hes going further afield to try andlook to deplo his large stash of cash that he has on hand. Hes known as being a cheap guy. Somebody who looks at prices he doesnt like auctions. Doesnt like auctions, doesnt like to get into the fray what is int
I know. Alltime highs we have like, what, 39 trading days to go is that it . It is a tight time frame here the interesting thing around the market is it has shrugged off concern. One of the reason the market has gone higher is because of really light positioning. That mentality hasnt changed. That has fuelled the rally in the market you see the dow in the green but just barely. Nasdaq futures down by a point again, we are sitting at new highs after the gains we added on yesterday you look at the treasury market yielding 1. 85 xerox looking at buying hp. The company has an informal funding commitment xerox has a Market Company a third of hp. Both of these companies former technology stall waters. Xerox has had a couple of falls. Do people steel xerox things it is like faxing. Hp has tried to keep up it is like help me im drowning. Hp shares are up. Xerox somehow is the acquiring company. And there would be a premium to hps market cap. I just get depressed reading this xerox already scra
Stunner. A landslide electoral victory for the Pro Democracy Movement has asian markets soaring as a smashing success elon musk taking a victory lap as preorders for teslas cyber truck come rolling in. Worldwide exchange begins right now. Good morning and welcome to the show im dominic chu in for Brian Sullivan its monday, november 25th, 2019 your deal of the day lvmh buying tiffany for 135 per share in cash after weeks of speculation, much more on that deal coming up but as you can see here, both stocks reacting well stock futures incaindicating the dow will open up by 80 some points this after handing in its first worst Weekly Performance since around early october, but again the dow jones had opened up by 88 points. The s p by about 10 and the nasdaq by 32 if these gains hold into the opening bell for regular cash equities trading. With regard to the bond market, look at that as well we are seeing a bit of movement there to the upside for yields the ten year note yield 1. 75 note yi
Our Investment Committee here today. Pete, give me an idea of how the market has moved lately. 23 of the s p 500 at or within three percent of new 52week highs. Seven of 11 s p sectors within three percent of their high. We have made moves as we continue to kick around the question of whether we will have the breakout. And the negativity was pretty high. Going back to the time when we heard from the banks and then the technologies and semis, when you look at 70 that has reported, that says something about how negative everybody was and the surprise that this is. We were trading in ranges probably 17 to 19, somewhere in that range. Ever since the earnings have gotten better and people are getting more comfortable the deeper we get into this thing, look at where the volatility is. Its an amazing move that weve seen there. And we continue to see extremely. We talk about the at the end of the show, massive buying yesterday of all the different entities, the fxi, the qqqs. 250,000 yesterday