Something. The best stocks, theyre never cheap. They rarely come in. And when they do, you got to be ready to pounce. Buy, buy, buy the good news, rarely is not the same as never. Every now and then you do get meaningful pullbacks in truly high quality stocks. The bad news, when those pullbacks happen, most people tend to be too afraid, scared to do any buying. And you know what . I cant blame them case in point. The stock of costco. I think the world of costco. Im a proud costco member. Gold star. My wife lisa is an executive club member. She lords her status over me every time i shop there, im blown away by the prices im a twocart shopper the bargains are so great, one cart is not enough were like a train when we go there. We buy costcos private label products why . Because theyre usually better the place never fails to amaze my trainer jim, this week he bought a car from costco they gave him a better lease deal than anywhere else. Fish, beef, crab legs, glasses, diamond rings, shirt
Morning. Education secretary rick perry calling it a deliberate attack on the Global Economy. Plus oxycontin maker, pharma filing for bankruptcy this morning. First up, though, a series of attacks on two of the Worlds Largest Oil Facilities in the news the u. S. Is rejecting that notion saying the scope and the precision of the attack suggests the launch was made by the houthis but, in fact, originated by iran. Iran calling the claims baseless and unacceptable guys, weve been talking all year long about what it could take to produce a true supply shock. I think theyll come back 5. 7 Million Barrels. Look theres a temporary inability to get permian oil. You can only ship so much. You have one harbor who can handle it, two others. Corpus christi not yet i guess what im saying it cant. Were pumping too much and it does remind you if we had even more pipelines, we could just turn the spigot on its not the Strategic Petroleum reserve. Its the permian. There are a lot of key questions. One,
Now. Welcome g. To have you with us on this monday. Our Investment Committee at the table today. Also with us on set with the jp morgan. Good to have everybody here today. We begin with stocks. The s p up three straight weeks. Is this the week that ends it or prolongs it . I dont know that it exits. Obviously, we have the fed this week. There are all kinds of different news stories in front of us this week as we speak. I dont think this is something that absolutely derails us. When you look at personal spending and what goes in from the oil trade perspective, its very small. I think we are able to get back up and running faster than folks think. Today the big spike has everybody a little flustered as you get a big move in wti over 61, thats a big move. We have volatility that remains really, really low. I think that speaks volumes about what people are thinking right now. With the market down 100 and change and the volatility is not spiking to the upside after the big hard hit to the d
Is this a turning point for yields around the world. Well get fed minutes later on today. Road map begins with retail earnings, target and lowes soaring in the premarket on their results bucking the downward trend in retail. One week since the dows 800 point drop were close to recovering the losses well take a look at the wild ride over the last week. And what you can expect next. As the september 1st tariffs aapproach, well take a look at the companies that may be in your portfolio with the most exposure first up, target set to open at all time high, lowes surging on the better than expected quarterly earnings, revenues and comps. Digital sales drove more than half of the growth in q2 comps lowes reporting positive comps in all of their geographic regions in the United States and outpacing depot for the second consecutive quarter. We got to focus on execution. And risk taking. Both Marvin Ellison at lowes and Brian Cornell at target took big risks. Some people say they blew up the way
Job. Thats a big if, frankly the fed should be cutting. I would say they should say at a minimum 100 basis points. Over a period of time. Not at one time but over a period of time well, im not talking about doing anything at this moment, but indexing is something that a lot of people have liked for a long time. And its something that would be very easy to do. A lot of people have been talking about indexing for many years. And its something that i am certainly thinking about i can say a majority of people they like indexing its something im thinking about. Payroll taxes ive been thinking about payroll taxes for a long time whether or not we do it now or not is its not being done because of recession were legitimately, if we had a cut in Interest Rates by the fed, if they would do their job properly and do a meaningful cut, because they raised toovz, you would see growth like youve never seen in this country if you go from the election, the great november 8th day, if you go from novembe