Dropped to the 99 dollar per barrel range. Netflix stunned wall street with its Earnings Report after the close. The stock surged 10 on numbers that topped expecations netflix also offered an optimistic view for its holidays numbers. Mostly due to the success of streaming tv shows such as breaking bad. And, jc penney and Martha Stewart define a deal. Following a lawsuit claiming Stewarts Company was wrong to sell certain merchandise at macys and jcp. The revised agreement covers a more focused line of items sold at penney including window treatments. Daniel stecich of Tjm Institutional Services joins us on this tuesday morning. Good morning daniel. Good morning angie. Glad to be here. Whats likely to happen with stocks and jobs today . Well, thats the big thing. One drives the other, and its not stocks driving jobs right now. We have to see what this jobless report comes in and were looking for 180 with an Unemployment Rate of 7. 3 . Actually, i think its kind of a winwin here unless w
Sticking above 102 per barrel. Gasoline is on the up up. According to triple a gas prices have climbed 17 days in row. Up 15 cents during that time frame. Prices are expected to continue to rise. The National Average per gallon stands at 3. 41 and in utah a court is freezing the assets of work at home web firms. The ftc claims essent media, net training,yes international, Coaching Department and apply knowledge bilked consumers out of millions with useless work at home kits and coaching services. The companies offered no comment. Trader Lincoln Ellis of Green Square Capital joins us on this tuesday morning. Happy tuesday to you lincoln. Happy tuesday to you angie. Is this a stock pickers market or an index situation where people want to buy the entire index . Thats a great question. The indexes have had extraordinary runs over the past couple of years really since the bottom of 2009 the s p up over some 172 . A theme for 2014 is gonna be names over indexes and particular sectors over o
Scott bauer of trading advantage is standing by. Good morning scott. Good morning angie. You have your eyes on stocks to watch in 2014. Lets start with the financials. What would be your pick in that sector . The financials are really what have led this market higher in the past couple of years and now that weve already seen one tapering with more to come, rates are going higher and quite frankly the banks make money when rates go higher. I love Goldman Sachs, i love jp morgan, i love the entire Financial Sector so if you wanted to play it just on a macro basis, you can go into the etf or the xlf, but really goldman and jp morgan is what im watching. What would your play be on the consumer and Consumer Spending just for everyday goods . The Economic News has been pretty good. I like the Consumer Staples industry. I like the procter and gambles of the world. I like cocacola quite frankly. These consumer staple stocksthe ones that have just not really outshined the market but have just t
Sanctions against russia for engineering the succession referendum in crimea. And he threatened further punishment. So what did the markets do . They all rose on monday and not by a little, especially the dow. After 5 sessions of gains, gold closed lower as investors moved into stocks. And after 2 up sessions, oil ended down. Factories are crankin it up. Us manufacturing output was bigger last month than its been in 6 months. Assembly lines cranked out more cars, chemicals and business equipment helping lift the economy from januarys snowstorms. And its the biggest study yet to see if the stuff in dark chocolate can in fact help prevent heart attacks and strokes. Sadly for the 18 thousand participants, the nutrients will not be administed via candy bars but in pill form. Lets turn to trader lincoln ellis. Hes with green square capital. A lot of people might be surprised the markets went up so well yesterday. We have volatility, uncertainty and tension in crimea and yet that was the res
With matt shapiro, president of mws capital. Good to have you on the show today. Thanks angie. You are here to talk about the santa claus rally. That is the big rally that tends to happen between christmas and new years. I feel as though this market has just been the gift that keeps on giving all year long. So what do you anticipate this year . Profits have been booked. Its been a blockbuster year. Things are gonna quiet down and its gonna be tough for anybody to push the market either way but it has been those momentum stocks of course that people are gonna want in their portfolios as they look to 2014. A lot of that is whats behind the santa claus rally. Portfolio managers putting in the best stocks into their portfolio towards the end of the year in quiet and relatively thin markets. How should the average investor handle that . Its a good time to start picking through your portfolio and put together the package that you think is really gonna do well for 2014. My forecast is that we