Since march 20th microsoft is in midst of its second negative week in a row. Amazon is positive for the moment if it closed lower it will be the fourth straight negative session. Facebook, will have its fourth straight negative session as well also pacing for the worst week since midjune are we at a tipping point, pete, for some of these big tech names . I dont know that i call it a tipping point. I think id sort of more tab this something of little bit of a rotation i dont know how long that will last well see. Its just in the early stages of this well see how much pressure really does get put on i think the names are very favorable. I think theres a lot of reasons to like the names. It makes some sense that we would see pause there. We have seen a bit of a pick up. You look at financials and especially the regional financial names and see a bit of something thats showing some signs of a little bit of life. Well see if that can last as well i can tell you this, right after the earning
Looking for 0. 1 and fed minutes at 2 00 p. M. Eastern time. Our road map begins with the virus risk for stocks. Investors closely monitoring the potential economic fallout of the coronavirus outbreak as the death toll crosses 2,000 plus tesla stock is spiking again, why one Analyst Thinks Energy Generation and storage are the next big thing to fuel the companys growth shares of dish network rallying the satellite tv provider beating estimates as pay tv stubs decline but at a slower pace stocks are poised for a positive open after the number of new virus cases falls in Mainland China and chinese officials announced fresh measures to support businesses struggling due to the outbreak globally the number offen could firmed cases exceeds 75,000 with confirmed deaths surpassing 2. Lowest number of new numbers for the month so far right with we dr. Fauci on yesterday, at closing bell and he was the most optimistic i think of the times he was on. He did point out, he was asked a question what
Focus is talk of a zuckerberg cage fight heats up. Plugging a 48 billion dollar blackhole, Artificial Intelligence could fuel a rebound at softbank is the japanese conglomerates vision fund seeks to snap five quarters of losses. We go live to lisbon as a key leader response to portugals probe into a European Telecom giant. First, lets get a quick check on the markets, the nasdaq 100 is basically flat, up 0. 4 . The tesla news sees the tesla declines accelerating and dragging down. The yield on u. S. 10 year treasury is below 4. 2 . That has been the story, the selloff in bonds and the push higher in yields and its impact to the equity market. Apple is down for a fifth consecutive day. We had earnings last thursday and now we are worried about the labor market and later we will bring you details of this. Valentines down and thats a stock thats getting more than 130 since its last earnings were word. The streak expects one cent of earningspershare. The name we are watching so closely, th
Heres what we have discovered so far today. Colorado cant keep donald j. Trump off the ballot and they cant keep the sizzlers from sizzling and nvidia soaring to another record and bitcoin topping 66,000 a coin. Close to taking out its own record and nvidia takes out last friday especially and if it happens a nearly 3yearold one. Some call that fraud and david wagner calls that maybe something else. Talk about bucking the trend if you think about it. So far it seems as though the Supreme Court of investors has ruled dont interfere here. What do you make of whats going on there . I try not to focus on politics side of things and recognize whats going on in politics and equate to the market. Going back to 1950, you know. The incumbent has always won the reelection and when they have not won the reelection, market has always been down that year and look back to 1960, 2008 and 2000 itself. As long as incumbent president is running, president joe biden, you expect the market to have a posit
What would a strong swimmer do here . Thats what im trying to think. See, you cant outswim the currents. Not even phelps could match some of these twists and turns. That doesnt mean we cant figure things out together. You and me. Spot the patterns. Come to the conclusions. Conclusions that make sense given the fact that there are so many rotations going on even midday. And multiple winning ones of with got to exploit together. Lets start with what happened one week ago today. Most traders and investors presumed because of the polling that Hillary Clinton would win the presidency. They made a host of big, big bets on hillary betting that she would win. Mostly wagers that a Clinton Administration would be an extension of the obama administration. Gridlock, not so hot growth. Which somehow we were convinced we liked. In that situation you want to own companies that can grow because the economy will stay stalled, right. Not so fast they draw government scrutiny like banks that are doing to