Dow topping 28,000 today for First Time Since february. Its the value trade thats working. Is the rotation for real i think as long as you have confirmation in the bond market, you can believe in it but when that link breaks, the stocks the value stocks probably crash again. We witnessed an episode like this that happened from the middle of may through the middle of june. It was almost a full four weeks. It was violent to the upside value stocks, cyclicals, the quote reopen names Small Cap Value did incredibly well the Growth Stocks took a pause the high flyers corrected but when that ended, it didnt end gently you had crashes in the reopen stocks you had crashes in the value stocks both asbestbsolute and relative to growth its a Real Recovery if that link breaks and i know yields have gone up a bit here and abroad as long as that continues happening, im fine with it. I think you have to watch that more than commentary, more valuation, more than anything else jpmorgan had a great note
Take a look at where we are trading about four hours of ahead of these earnings. Nasdaq going positive ahead of that print lots going on today. You have the trump tweet casting doubt about holding the election theres your market pricture lets kick it around nasdaq turns positive. Kramer thinking the stocks are set up for fall after the bell because they have run so much and yet you buy the cues into the print. Tell me why. Well, i bought the qs when the market was down because the market was down today based upon statements that came out from meadows saying they we are made far apart on a deal. Yet, you have some great earnings come out from the Tech Companies and qualcomm corevo. U. P. S. Also talking on the consumer side. I thought that the market was over sold. I bought the qs. I already sold out half of the trading position ill hold onto those a little longer ive got positions in every company reporting tonight. My exposure to nasdaq is long enough what jim points out its is path o
In terms of an after hours session for us it certainly is so many Earnings Reports coming out. And four giant Tech Companies among them coming up on this massive show, fresh off earnings this morning, an exclusive interview with david taylor shares hitting a new record high today. The company saw consumers stock up on Household Goods amid the pandemic and then at the close, well get earnings as sara mentioned from names like apple, amazon, facebook, and alphabet those companies represent some 40 of the nasdaq 100s total market cap that is all coming up today on closing bell. Lets start with the markets the dow more than 500 points intraday swings today. Now at the moment down by 200 points mike, an intraday recovery inspired by the european close this was soft. Once we got that behind us, allowed us to bounce a bit it is true. The markets absorbed that weakness in europe as well as, of course, the ugly economic numbers before the open. Also i tested the recent lows in treasury yields w
Apple. Josh lipton has the latest reporter apple says the stock split is to make the stock more accessible to a broad base of investors iphone revenue is blowing past expectations 26. 4 billion. I did have the chance to catch up with apples ceo tim cook we talked about those iphone demand trends and the mix in the quarter. Cook telling me iphone 11 is the most popular iphone and we had a great launch, he says, on iphone se during the quarter. It was also very strong, an uptick in switchers, meaning android switchers, that we were happy to see and the iphone se is clearly helping with that i asked cook about those broader work from home trends, how is that benefiting apples products and services during the quarter. Cook says it definitely is, it definitely has boosted, cook saying, mac and ipad, we see those picking up for productivity weve son several school buys of ipads. We have the strongest lineup in both mac and ipads than weve ever had, a combination of those coming together at t
Holla Frank Holland. Stock futures are hovering arnt flat after a lateday rally yesterday as investors brushed off continued increases in covid19 cases around the u. S. The nasdaq leading the charge rising nearly 1. 5 to close. Its the 25th record close for the index this year. Take a quick look at the bond market, the 10year yield trading around. 65 . Well go worldwide now karen cho is in the london news room with the overseas action. Well get to karen in just a minute well get worldwide in just a minute first, lets get a check on this mornings top stories. Of course, a lot going on with the economy. Covid19 openings and reclosings well continue to keep a close eye. Right now our leslie picker is here to join us with more. Good morning. Walt disney world will resume selling Theme Park Tickets and taking Hotel Reservations today. The Company Announced the move yesterday after suspending the sales amid the coronavirus outbreak disney will open the Magic Kingdom and animal kingdoms this