Market going and certainly in the near term. In the near term were in a vacuum of news, right . We do get the jpmorgan conference next week so that will be west healthcare and then we have to wait for earnings what ive been doing is ive been looking at companies where fundamentals are still very strong or improving and evaluations are still somewhat attractive the market as a whole is fairly valued a lot of stocks are actually outright expensive so ive been picking very small because i still want cash for earnings and thats still my playbook im picking very small dogs of the dawe strategy. Goldman sachs was adding to that last month i add to a couple of other names today. Chevron has been a name. Intel has been a name, and so i think the calls today that a lot of analysts are making are trying to pick a couple of different names because it is a stock market at this point. Disney up to buy at rosenblatt and utx upgraded or amex initiated with a buy. Ibm outperform and nike outperform Un
Our road map begins with the global stock rally, rolling on dow 25,000 within striking distance that winter storm crippling the eastern u. S. Thousands of flights have been canceled and shares of macys are in focus, as the retailer announces some fresh store closures. We are close to a major milestone on the street. The dow is within 78 points of 25k. Thats a day after another recordsetting session for stocks this would be the fastest thousandpoint surge in history. We know about the law of large numbers, but were talking a little more than 30 days one day, its actually going to be in the front page. You know, look, other than the president s tweets about it, you really dont no ones really focused on this. Theyre more focused on bitcoin, tesla. This is remarkable last night i did a piece where i had to stick my hands into the cake because its not baked in so i think we blow through the number the only thing in my sights that may be negative is that we are going to get a trade decision
Allowed Legal Marijuana to flourish a number of pot stocks losing their buzz big time. What now for this budding multibillion dollar business power lunch starts right now your love is lifting me higher than ive ever been lifted before well, the weather on wall street may be frightful, but inside the exchanges it is nothing short of delightful. Welcome, everybody, to power lunch. Im Tyler Mathisen another historic day for your money. The hits keep look at this chart, will you . Look at that oneyear gains, 25, almost 26 25,000 now on the dow for the first time ever. Want to know what it was back on the, the day of the crash in october of 1987 . It was about 1,700 think of the gains, the money made since then. Financials, goldman, jpmorgan, American Express, powering the dows tripledigit gains at this hour not just by the way the dow. Nasdaq and s p 500 also new record intraday highs today. Small caps, they came along for the ride russell 2000, intraday, alltime high retailers zumiez help
Immigration real quick. Yesterday, i guess, a group of House Republicans put out an immigration plan that would deal with daca but also do a whole lot of things that werent under the umbrella of the four things you outlined in the meeting why. Was that helpful . Was that not helpful to getting to a deal ultimately . Does the president wish they take that off the table so that you can focus on what might be happening with senator flake or others in the senate . How does a a complete package. We think its a great starting point, a great place. Reporter even though it went beyond the parameters what the president specifically and later you laid out . He felt it had to be included, not just what could be included. Certainly, we think that this is a good starting point. Part of the negotiation process, if we could get everything done, we think thats much better than getting part of it done, but were okay with getting a deal done as long as it falls into the parameters that the president lai
Raised by president s fitness and qualifications. He said in 2016 he is qualified he is nominee. Would it be the worse thing to have businessman in office. Now you have 12 months in this . You still stand by what you said . I still stand by. You saw the meeting with white house and democrats and republicans on immigration. That sinned coo of the meeting we always had with the president. I got a chance the country got to see that yeah . Reporter does it surprise you that the president of the United States doesnt seem aware of white houses position he is aware of it. He is aware of it. We talked about fisa in the past. He knows what 702 is. Reporter leader mccarthy said Bob Goodlatte immigration daca bill is good bill. Do you have any plans to bring it to the floor. It is is good bill. Were working on that. It is important we put ideas on the table. Leader mccarthy as you know meeting i just referenced at white house last week the agreement was that the four leaders, lead cornyn, durbin,