Roku tumbling on a downgrade, wells fargo, deere also getting undercut. The Investment Committee is ready to go, Halftime Report starts right now it is good to have you with us on this monday, our Investment Committee joe chernova, jim lachb that will, Jenny Harrington is the ceo and portfolio manager, rob seechum is back, one of forbes top 100 financial advisories stocks are on pace for the best year since 2013. Tech, small caps also posting their best month since the summer, we enter december with a lot of momentum, derailed for the moment by an ism manufacturing report that throws into question that the industrial economy is bottoming and a headline from wilbur ross that says tariffs will be increased if there is no deal by december 15th. Thank you very little. Yeah, well, we came in position we strong and aggressive for further appreciation, but you have to Pay Attention on a day like today to your point when you get the ism manufacturing, it reverses a lot of the optimism we were
Good wednesday morning, im Carl Quintanilla with Morgan Brennan and jon fortt. The president this morning set to tour the mac pro Assembly Plant with apple ceo tim cook. Eamon javers will raise the curtain on that this morning. Reporter youre playing just the two of us and it is going to be about just the two of them. The unlikely relationship between donald trump, the president of the United States, and tim cook, the ceo of apple cook has spent the past several months cultivating a relationship with donald trump largely, im told, by going through the trump family having conversations about technology with Melania Trump at dinner at the white house. Talking with ivanka trump about workforce issues hes cultivated that phone call relationship with the president. I asked the president why he seems to have such a good conversational ability with tim cook the president told me a couple of weeks ago, the reason is because cook is the one ceo in incorporate america who actually picks up the p
Analysts expecting massive moves from one stock thats already up 90 this year. Halftime report starts right now. We will co. Good to have you with us janice, chief investment and liz young, director of Market Strategy also with us today. Making news jpmorgans chief equity strategist. We want to begin with stocks at a new record were entering a critical week for money, the busiest yet for earnings, including apple, a fed meeting, which could see another can out in Interest Rates. Shannon, on track for record close, financials on pace for 52week high the question is, is this the breakout weve been waiting for . Get out of that range. I think if its going to happen, it definitely could happen following this week you talk about the fed, if they continue to be exportive, as long as they leave the door open even just a little bit, the equity market will take that as a positive we saw strong earnings out of the big tech names last week like microsoft we could continue to see strength out of a
Halftime report starts right now. Good to have you with us on this friday. Our Investment Committee today. The cio of santo Global Advisers and lindsay bell is back. Lets begin with the markets with stocks rebounding today basically flat for the week. Our focus today on what has been happening on the ipo market. Peloton down again. Endeavor pulls the ipo. Actually quite encouraging, because the Public Markets are being more rational in valuation than the private markets that are just awash with cash and you have the soft bank effect of putting so much money in the companies. Its selffulfilling prophecy. Public markets says this is crazy. Lyft, theyre not going to make money for we dont know when. Uber. Endeavor is well. Theyre saying we dont want to do that. Unfortunately, its impacting some of the higher valuation equities in the u. S. Market. We see you take a stock like roku. Take a look at whats happening to that stock and others. I dont think it means we have a sustainable move in
Market not able to meet that sort of pricing expectation. Well, your Investment Committee today, joe terranova, jim laichb thal, pete najarian, and rob sechan is there anything, joe, that we can take away from peloton even maybe uber and lyft we dont know the numbers. They havent had a public quarter. Im not asking you to analyze the stock. You want the good news first . Sure. Its not smile direct now if you look at the stock, you say to yourself, what is it . Is it technology what is it exactly that we just brought to the market . Fitness is very difficult. Pete and i were just talking about this before the show you go back to 2002. Think about may of 2002. Nautilus was 45 nautilus is basically 40 million market cap at this point. A dollar fitness is difficult to offer on a public exchange. Think about vitamin shop, gnc. Now, you get the occasional Planet Fitness which is falling back to earth right now. But at the end of the day, it is difficult to get a Portfolio Manager confident a