Theme. Mike versus nike mike khouw ha has what you need to to know to outpace the Quarterly Report next woke its time to risk less and make more options action starts now. Well pharma in focus on wall street as washington lawmakers grapple with the best path forward on drug prices but there is another side of health care that could be head forgive a breakout carter werth at the plasma to break it down. I thought wed look at Bristol Myers havent done this stock in a long time its an opportunity. 30year chart, two lines you can see the optics and the orange line is bristol mier relevant to peers, the s p 500 Health Care Sector to some extent Bristol Meyer undershoets and overshoots the great undershoot, great overshoot. Thedy veerjens of late appealing to me and more immediately how its behaving day to day you have the sector up 50 more than bristol going back 30 years to 1990. Lets zero in on this and look at the spread. Over the past three years, again sector up 27, Bristol Meyer down
Theme. Mikey versus nike. What you need to know to outpace the companys quarterly report, next week. Its time to risk less and make more options action starts now. The focus on wall street, as lawmaker s grapple with the bes prices forward theres another in health care, that could be a breakout carter is going to break it down for us i thought we would look at bristol myer i thi the orange line is bristolmyers, relative to its peers. And some extend, bristolmyers overshoots undershoots its this divergence of late, that is appealing to me and how a stock is behaving daytoday you are going up more to 1990. Now, zero in on this and look at the spread over the past three years, again, sector up 27. Bristolmyers down 18. Bottomfishing is not good its usually dangerous but if a stock reverses this, it is interesting lagging dramatically, and daytoday, i want to show you the following. Heres bristol on top. And heres bristols relative performance to the sector. If i put in this line, what you
Oh, yeah, hes got a new book. Its good. Lots of business advice. Its called shut up and listen you better shut up and listen because power lunch starts right now. Lets take a look where we stand with the markets now the nasdaq and s p all under pressure but hugging the flat line look at the change there basically minuscule. A matter of basis points one day ahead as the result of the big fed meeting. Energy falling after yesterdays huge rally its the worst performance sector this day down about 2 after yesterdays big games. Crude down about 6 after yesterdays big gains. Well have more on those moves later. Tomorrow at this time well be getting the feds decision on Interest Rates steve has the details from the latest cnbc fed survey thanks very much. Pretty good agreement that rate skut on the way. Most say well get another rate cut and that will come in december thats the bulk of it. Amid lower rates, you think it would be by it it comes with incressed probability of recession the 32 pr
What is happening with Deutsche Bank. Stocks really, havent strayed too far from the flatline today. We initially rose, then started to fade a little bit. The stoxx 600 down now only 2 10 of 1 . Deutsche bank initially rallied around 5 this morning. This afternoon has really completely turned around. The stock is now trading down by nearly 6 . This was not the reaction, i suspect, that those in Deutsche Bank were really looking for today. This is not been a huge vote of confidence in the Restructuring Plan Deutsche Bank has put out. However, more of a vote of confidence in the new greek government. ,reek bonds continue to rally falling by another six basis points. Thats get back to that big story on what is happening within the banking sector. Tsche bank glow very Deutsche Bank delivering its biggest turnaround effort yet. It will exit its equities business and take a restructuring charge of 7. 4 billion euros. 3 billion of it will be in the second quarter. Here to discuss all of this
Go at. Record highs for stocks, and trump leads in seven swing states. But were going to start with President Biden at the border. Two issues collided. The migrant surge and the president s mental and physical condition. He blamed republicans for the border breakdown, but he looked frail, didnt know where to stand and used cue cards written for him so he knew what to say. He called the migrants newcomers. Trump went to the much more active border section. He said it was overrun by biden migrant crime, end quote, and he revealed hed spoken to the parents of the student in georgia murdered allegedly by a venezuelan my grant. And theres a new poll, it shows how much trouble the president s in. Trump leads him by an average of 5 points in 7 key swing states and 80 think biden is too old for a second term. To the markets. The s p and the nasdaq closed at record highs thursday. No serious pullback so far this friday morning. The dow may be down 27 points, there you go, s p may be down a frac