Wears sneakers in the pool. Sneakers. Maybe so. But theres one soggy sneaker stock Karen Finerman says is about to kick up dust. Shell tell us what that is in her options debut. It is time to make more. The action begins now. Lets get right to it because next week is one of the busiest weeks for earnings and it will be all about the faang stocks facebook reporting on tuesday. The Options Markets on fang are more than 6 move in either direction. Amazon and alphabet could see a 4 jolt when they report thursday together. That accounts for nearly 110 billion and a potential shift in market cap. With netflix posting a huge miss this week, how should you play these names into the reports lets get into the money, kick it off with mike mike, what are you looking at . Im looking at facebook i think it is probably the biggest name that will be reporting next week. You know, often times on this show we talk about our desire to try to sell things when overpriced and buy when cheap. In the case of
A lot of people think when you and becky and andrew are here thats Stranger Things. Thats very true. How quickly can we show mack. Are we going to do this now at the top the guys that are here wear black and i asked him, magnum p. I. But you finally just rebelled you finally said f it, im sick of the black stuff and im coming in and i like it myself. I like the palms on it. I tried to picture myself in that and thats when i started getting uncomfortable for everyone for everyone involved but it is friday. It is friday. Can you tell . Is that what it is . Casual friday or something its a good look. Man, oh, man. I asked you if you noticed and you said i have eyes, dont i . Lets get to the markets because it was a record close pretty much across the board the dow rallied 227 points to close about 27,000 for the first time ever. Stocks got a boost from the signal that the rate cut could be becoming this month and a year and a half since the dow sit 23,000 the best performing dow stocks ha
Season just step away from the roulette wheel because if you try to trade around the quarterly reports, you are going to get singed, if not burned after a record day, where the dow gained 27 points hallelujah s p climbed 2 , nasdaq inched up 0. 17 . That was easy earnings season is devastating for traders. No if you want to invest in a stock before reports and buy things if the stock gets hit thats another thing but trading no thanks. I didnt always feel this way. My Old Hedge Fund i used to place heavy bets on what would happen before it happened. I had as much legal information as i could get my hands on and always thought i had an opportunity to make a good call ahead of time but that was before regulation fd when the government leveled the playing field. When i was running you could meet with execs with small Interest Groups other people didnt want access or privy to that is illegal. These days everyone has access to the same information at the same time. I think thats fabulous. No
Spiking over those concerns over iran also coming up on the show, House Financial Services chair Maxine Waters on why she wants a hearing over facebooks crypto play, libra. Join us, stephanie link, from levine, welcome. Are you doing buying today little bit. Little bit like what little Semiconductors Semis little broadcom i started a position last week when it fell 8 on the day and i just kind of think that the valuation makes a lot of sense and well see. Its a china proxy for sure, so something good has to happen on trade but i think the valuation is discounting a lot stephanie i was talking to one senior trader who said that the threat of a cut on Interest Rates is more powerful than the cut itself and that therefore its harder to get this same good news again. Likely be dialing back the promise of a cut or it will be the cut itself youre coming from a much lower base than historical levels but it was good news that we got i think the commentary yesterday was exactly what was needed.
Charles we are trying to gas charity for future generations. Liz have a good weekend. March madness as we kick off the final hour of trade in the first day of a new month. We are not talking the s p and nasdaq at new record highs. Any gain at the close for either of the majors will seal the deal. The s p higher by 41 points, the nasdaq gaining 200, Dow Jones Industrials up 77. Where are we seeing madness . It is one of the biggest laggards as we pick up a final hour of trade. Major headlines swirling around boeing. Look at the intraday chart and cratering in the stock that happened at 10 509 am eastern time. Thats when a wall street journal report hit the tape that boeing is in talks to purchase spirit aerosystems, opposite chart here, shares immediately responded, spiking as high as, lets see, 200 . The high of the session, spirit aerosystems, significant gain, 33. 99. Spirits market, 3. 7 billion. It used to be part of boeing but was spun off in 2005. It is the company that is behind