Of their earnings. The traders take their positions. Home depot shares are up 10 in 2020. The stock just got a new street high target. It is our call of the day. Plus eight stocks wall street loves on this valentines day, all with double dugt upside from here. The Investment Committee is ready to go. Halftime report starts right now. And it is good to have you with us here on this friday. Your Investment Committee today is jim lebenthal, josh brown, stephen weiss, and shannon saccocia, chief Investment Officer at Boston Private Wealth shannon, welcome good to see you back thank you all right [ telephone ripping is that the president good start. Who do you think we are scott is not here for one day, this guy is talking calls on the set it is probably wapner. Cut his mic stocks are on track for a second week of gains the dow up 1 this week, the s p up more than that. The nasdaq up about 2 this week the nasdaq 100 by the way up 10 this year. Stocks remain on pace to post their best monthl
The markets are clearly telling us that the markets are not pricing in the worstcase scenario when it comes to iran, or at least Portfolio Managers not. Stoxx europe 600 gaining some 0. 6 . On bloomberg surveillance, we will be speaking to the president of euler hermes, Wilfried Verstraete. That discussion is up very shortly. Lets get straight to the blumberg first word news. In new york city, heres Viviana Hurtado. We begin with the first stage of the u. S. China trade deal, set to be signed next week. China says its top negotiator is visiting washington, d. C. It is the latest move towards a detente. Contradictory reports this morning are emerging about what caused the ukrainian boeing 737 to crash and iran. Initially blaming a technical issue, then an engine fire. Ukrainian embassy running out terrorism, but then it amended its statement to offer no comment on the cause. All those aboard the plane were killed in the crash. Hong kong preparing a bold plan to boost its economy, accord
That is the crux of the market. Software happens to fall neatly in that category. Do equities need to rerate because rates are so low . Are they giving us a signal that equities arent risk . They are able to issue whatever they want in the Corporate Bond market. You can see that has caused a change in strategy already. It is like everything becomes a bond. Bonds are rallying, gold is rally because of the nature of these things. Jonathan joining me around the table are james keenan, winifred cisar, and peter tchir. It feels like a buy everything situation. The 10year increase below 1 . U. S. Corporate borrowing costs at an alltime low. Is that what does is right now, just by everything, get when you can . Winifred everything but highyield energy. It seems investors have a lot of cash, we see record inflows into Investment Grade but the bias is very much to be up in quality. We dont want to buy cccs haphazardly, by energy haphazardly, but we had but the money somewhere. They are idiosync
Wanting that big walgreens boost buyout. Article one of the worst performers. 500 gaining in that late rally over the last 20 minutes or so. Pushing into the green. All three indexes are up by at least 1 . The nasdaq leading the way. Lets check in with our reporters across the different Asset Classes to see what theyve been monitoring as we head towards the close. Get us started. Euros downook at the on the day but also going into its second weekly decline, that is hitting the lowest point since 2017. Positive on the day. Thats declining with weekly decline is crucial. Some analysts worrying maybe this could be a signal of the year hitting parity with the dollar with something we havent seen really coming off concerns around Economic Growth in europe but also some ecb easing. The key is going into next week which that data suggests we will watch the Consumer Confidence data as well as manufacturing pmis. Was tracking gold prices and coronavirus concerns are sending gold Prices Higher.
Uncertainty. Coming in below estimates. Oil making a move higher for a change today, snapping a fiveweek losing streak, turning in one of the best weeks of the year nanny taylor is here welcome to ladies hour here. Girl power. You say tech is the key do you mean fang or something broader . I mean something broader than that we started to see the Economic Data ticking up, yet local p miismt its mi is moving up, small by, Chinese Consumer precoronavirus. So we have to see what is going to be the impact, farreaching impact i think thats good for stocks so i think stocks are less risky. So were looking at tech as if it doesnt work, nothing works right now the total confirmed cases are topping 64,000, the total death toll is nearly 1400. In the u. S. There are 15 confirmed cases with eight of them in california Many Companies are continuing to speak out about the impact the virus is having on their bottom lines. Today british drug Maker Astrazeneca reported quarterly results, warnings a hit