3 after demand for the second half of the year is improving. Thats all investors needed to hear today check out the moves. Micron, best day in three years. Amd, all soaring, are they giving the market an all clear sign, guy . Welcome back, scott. Thank you, guy. We missed you last time we had brian we have you back. What would the show be like without that greeting. I dont think it gives the market the all clear the micron numbers were better than the street was anticipating b on revenue, steve knows this, 64 of the companys revenue down 45 year over year. So youre saying how does the stock rally off of that because this time last year, it was a 62 stock. It becomes a math problem. The rally today makes sense. We discussed it last night, but to think you have the all clear based on this, i think is foolish. I think youre having a relief rally, analysts will catch up. I think theres going to be another leg down over the next couple of weeks. The guy says youre way off the highs for name
Big divergence energy and tech not gore man 1 . Health care down more than 1 . Joins us for the full hour jay jacobs good afternoon to you. Thanks for joining us. Whats your takes on the diversity of trade today micron kind of a bellwether . Yeah, what we are seeing in the semispace is a comeback from noo. Whats the best way to play that there have been some hopes what we like the most are Pipeline Companies they dont get paid on the pril of oil, but how much oil is transported through the system its becoming one of the Biggest Oil Producers in the world lets get to all of the stories. Bob pisani is here, jon fortt is covering microns big jump saryers has earnings from generl mills. Bob . Its about oil and Interest Rates. We had a strong drawdown in crude inventories, one of the best we have seen in many years. Thats driving oil prices up, Energy Stocks, including all the biggs production names are up. All the big refiners like marathon and valero also to the up side. The other big sto