The dow at record highs at janet yellen gave something for investors to get dwit xooited about saying the future of rate hikes will be a gradual process. The s p jumping, nasdaq ride tog a fourday winning streak with real estate and tech stocks, so did janet yellen just give the green light to investors what do you do now the green light has been there for a while. Did she just reenforce the headlight . Why is can fading away i think she reenforced the green light thats been there for a while. The xlf has held a level that needed it in 23. Industrials continue to crush names like honeywell and boeing and quietly, the ivb continues to go higher as well, so there are sectors that have worked and will continue to work. The idea that rates dont have to rise considerably to get back to neutral seems to put a cappen how far rates can go to the yup yup side think about the fed and the trillion dollar Balance Sheet which has people at some point puts pressure on today was a shigtly positive do
Arthur, president of the United States it is a big day on power lunch, hon. And it starts right now, jon najarian, dont ya know . Esther a. Arthur was a friend of mine welcome, im Tyler Mathisen. What a beautiful turn you made, nick that is good what else is happening this hour amtrak and lyft announcing a partnership beginning today. Customers can use the amtrak mobile app to access the lyft app to request a ride. Presumably from the train station home or whatever u. S. Automakers reporting sharp sales declines in july fiat, chrysler and gm, down double digits. Ford sales down last month and credit card losses hitting a fouryear high, according to ratings. The average chargeoff rate, the percentage of debt thats written off as a loss, came in at 3. 29 in the Second Quarter the eighth largest card issues also saw their chargeoff rates increasing what some say is a worrisome sign for the markets and the economy. Melissa. All right, tyler. And welcome to power lunch. Im melissa lee. We a
Talking about the softness in Home Builders. Well tell you why it could get worse. The action begins right now. Yeah, lets get to it because the amazon whole foods deal has wreaked havoc on the consumer, j. Kruger and smucker all sinking this year. The Consumer Staples sector is often viewed as a, quote, safe space. Are the soup and cereal stocks suddenly dangerous lets get in the money dan . A couple of reasons they could be dangerous talking about the retailers and the damage that was done there it was really setting the stocks back right to those levels when that whole foods deal was announced in mid june. There is a sector, Consumer Staples that you just mentioned, that havent had a whole heck of a lot of Movement Based on the deal itself. When you think about how the large retailers are lining up against each other, how theyre competing with a bar bell omni channel strategy you have to look at the product theyre going to be selling. When i think about Consumer Staples, Procter Gam
Lets get right to it. Tech has finally joined the trump rally. Surging more than 3 to a record high. This as we saw big moves from tech titans, alphabet, microsoft, facebook and apple. So is tech your best bet and which stocks could go higher . Lets get in the money right now. Not a moment to spare, dan. Yeah. So we spend an awful lot of time talking about them and oddly we have not been talking a whole heck of a lot about them. Whats interesting there, when you look at amazon and facebook, they have not really participated. Theyre still down 10 from their alltime highs. Possibly a valuation thing, possibly in october. The other two, the ones that have very reasonable valuation, apple and alphabet started to join the party. This week alone, lets talk about google, up 5 . It had a really nice balance off what looks to be some support. Look at this rally. This stock has just joined the party and apple did too. This one is interesting, when you this i about it. There is a Company Expected
Lets get right to it, because tech has finally joined the trump rally. The nasdaq surging more than 3 this week to a record high. This as we saw big moves from tech titans, alphabet, microsoft, facebook, and apple. So is tech your best bet . And which stocks can go have been higher . Lets get in the money right now. Not a moment to spare. Dan . Those four stocks, we spend an awful lot of time talking about them. And oddly, over the last month, we have not been talking a whole heck a lot about them. But whats interesting there, when you look at amazon and facebook, they have not really participated. Theyre still down about 10 from their alltime highs. Possibly a valuation thing, possibly some of the issues in the quarter that they just reported like october. But the other two, the once that actually have very reasonable valuations, the apple and the alphabet have started to join the party. This week alone, lets talk about google here. Its up 5 . It had a really nice bounce off of what l