Higher, nasdaq climbing. 33 , we keep hearing obituaries for this market will the alleged cause of death will something natural like old age or stocks went up too far too fast given the fundamentals . Will be slaughtered by the disappointment out of washington maybe just maybe the grim reapers being held at bay by a series of positive events closely tied to the nature of how companies are doing, hence the continued sense on both wall street and main street that theres value and then there are hills. Or at least values and then prices just look at broadcoms 105 billion hostile attempt to acquire qualcomm the thing about technology is skeptics dont understand how the industry has gotten so much bigger certainly the stocks are valuable with trading. The tie up with disney and fox, the story broke earlier today where disney will be buying the nonsport part just like broadcom trying to buy qualcomm, a disney fox deal make it so therell be less concentration on one product in this case espn.
Gartmans says bitcoin investors will face the one thing has them beefing. First, you start with the nasdaq near record highs, the fang stocks leading the pack higher. But caution, this is the no fang zone, like the no school zone, but even better, because outside of fang, there are some other, scare we say even more lucrative opportunities. Other tech names are soaring. Square is up a whopping 67 . Tesla and ali baba up 40 , invidia is up 36 . Is it time to start betting on some nonfang tech zone . No fang zone . A food job with all these great, great for a tuesday, mel, well done. Yes, there are names you can invest in, in the no fang zone. I will give you a quick three. Red hat has been a name they just signed, another strategic line with Amazon Web Services a. Big valuation. Doesnt patz. They have a meat. Who you know who else has a meat . Adobe. Theyre reporting june 20th. The pattern has been, they report. Stock sells off, buy the selloff. Its worked for almost two. 5 years. I lik
Before we get started i want to take a moment to speak about the evil terror attack that occurred last night in the united kingdom, our deepest condolences go out to the victims, families and their loved ones. Know youre in our prayers. Today, were continuing our work on pro growth tax reform that will improve the lives of all americans. This mornings hearing is focused on strengthen americas competitiveness and preventing jobs from moving overseas. For years americans watched our our manufacturing plants, and longstanding u. S. Companies have moved overseas, devastating communities and the families that depend upon them. Hundreds of thousands of good paying american jobs have left, and continued to leave to china, mexico, ireland, and other foreign countries. Some of our communities have never recovered. Because when these plants and Companies Move overseas, local businesses housing value and local tax revenue disappear with them. Ive watched as 17 key Texas Companies have relocated t
En jon was point thag out. When you look back at yesterday, wow, it sure looked like that was what was driving the market on friday and what we saw yesterday in the morning, then we flip back over. Not saying its all clear, but what im saying is go off of fundamentals and facts, whether its the fang or other names, they were being sold off unjustly because what was the exact news out there of why everybody was getting out . I dont know that we got an exact story behind that. Unjustly. Look how much the stocks have run. That doesnt mean theyre overvalued though. When youve got growth and strength and the fundamentals, doesnt mean necessarily, just because theyve gone up 30 , that they have to krek at this point. Hes got a point here in terms of the reason on friday. At least aprompt mat rb was the Goldman Sachs call now, thats somebodys opinion they questioned whether fran was overvalued to answer the question thats at point here, it feels like this is over feels like we had a two three
The grease fiveyear bond should price sometime today. What will that price be . The vix lower on the day. David time now for your morning brief. General motors and caterpillar will release their earnings later today. The home prices for may will be out. And we will get july Consumer Confidence data. Alix thank you. Companies in the s p reporting this week. Here is where we are stacked up so far taking a look at sales and Earnings Growth. Top is sales growth. The bottom is Earnings Growth. Blue is technology. Orange is the rest. Much google today. They are getting hit by 2. 5 after disappointing some investors in terms of revenue. Here is what the coo had to say. We are obviously happy with the ongoing strength and advertisement revenue, particularly in search. We continue to drive user adoption and engagement with mobile devices. Build bettero expenses for users and advertisers. We see increasing contributions from growing nonadvertisement revenue businesses. L trying us is pau google