Ugly off 8 1 2 . Is the selling fully chinarelated here in the u. S. Or ocould there be something else, something bigger and deeper perhaps, guy . Lets start with you. Tim talking about china, i think it has a lot to do with china. When the markets down 8 on top of the moves weve seen over the last couple of months it has to have something to do with that but i also think its somewhat technical in nature. I think earnings have a lot to do with it. I think earnings have been okay but i think the chasm between eps and revenue continues to grow. I think technically the markets done everything right until last week when we traded back up, tested you willtime highs, seemingly failed, had an outside week in the s p without getting too wonky, now were going to test again those lows we saw last week or so, 2042. If it holds there, off to the races. If it fails we have to have another conversation quickly. The russell, the iwm, 121 has been the level, closed lower today for the first time in a
Well explain. Im afraid. All right . You want to hear me say it . And you have good ranz to be, rocky, because the vix is doing something funky and it could spell trouble for stocks. The action starts right now. She drives me crazy ill get right to it because theres with one area of the market that struck fear in the hearts of traders today and that would be energy. The sector just had a recordbreaking 13 straight weeks of losses. Exxon hitting a oneyear low on earnings. Question now, are the big dividends of Big Oil Still safe . Lets get in the money and find out. Brian kelly is make a rare appearance on options action. So rare in fact you that forgot to take off your tie. I know. Well start with you. I didnt have time. Well, i do think the dftds are in danger here particularly with the big oil, exxon, chevron, those types of things. Over the next 18 months there will be a time to buy these. Its not right now. We saw rig counts today actually increase. That means Oil Production is inc
Feet up kind of sit back say all right, whos really doing well . Whos really doing badly . Were having this relentless daytoday analysis. Were still the thick of it. Which is why we need to stay rigorous. This is made more difficult by the shear number of new companies that have had the guts to come public. Lets start with next monday when we get results from clorox. The quintessential consumer goods Package Company that was run so well for so long. Ive studied this company long much to know that its in capable hands and i bet that tradition to good solid numbers that tae how will clorox to become a good Portfolio Holding for so many of you satisfied viewers; i expect good things. After the close, we hear two from two radically Different Companies with stocks, dennys and bio morin. Dennys report drad mat i can upside supplies but the market yawned because Rising Oil Prices turned investors sour on the restaurant group. Then the ceo told a great store pri. Gasoline has fallen since and
Rose. 06 and nasdaq advanc advanced. 32 and im glad to put the brutal volatility behind us for the weekend. To totally chaotic nature of the market left me thinking once again who can blame people for losing faith in stocks . Yet here i am telling you yet again that if you protect yourself with limit orders, if you use weakness to put some capital away, not run from the market out of fear, you can use your money to make money in stocks and thats not something that you can say about cash. You think the market is just one big pumped up balloon. Its still the only game in town. Thats been the case ever since the case was serious about the financial crisis. Now were faced with the feds period of accommodation and were starting to get the hang of that and after this brutal week unless china runs off the rails before the next fed meeting or a gigantic firm implodes creating a brutal credit event that freezes brokerages around the globe im tempted to say lets just get it over with. So you can
And bob nardelli will be with us later on first we start with ned felix, a beat on both the top and bottom lines for both the United States and internationally. Theres a look at the symptom, it is up after hours, the company saying it will spend even more on content, up almost 2 the stock has dominated the media space, up more than 60 this year, crushing its competitors, and with numbers like this, do you keep betting on this stock . Pete. I dont know why you would stop the real answer is people have looked past the multiple forever, just like they always have with amazon, and they have looked at specific numbers i think that combination tells me that right now that is the space to be. Not to hide out, but when you look at what tier doing, theyre going to spend 7 billion next year people dont seem to have they have this dash burn in front of them for content that seems to be something that people, just like at amazon, they look past it, because they like the numbers, they like the user