Live from new york city, good morning, good morning. Equity futures positive on the s p 500 by. 5 . Coming into thursday, looking to reclaim alltime highs. It is a beat, it is a raise. Nvidia does what nvidia always does. Morgan stanley, overweight. No signs of slowing down. Another quarter of excellent growth. Wedbush, outperform. No signs of any pause in demand. Lisa we always talk about how much the share price has gone up in the last 12 months. Profit rose 628 in the last year. This is a company that relies on amazon and alphabet, and that is a feature at this moment. Jonathan that stock in the premarket up by 6. 6 . Dan ives joining us later on. Annmarie he says that is a masterpiece that needs to be hung in the louvre. What you are seeing this morning is not just everyone continuing to say bye, but Goldman Sachs saying we are going to raise our price target. Even though it was just this week they raised their price target. What was so clear on this call last night is that demand
Rebounding from the downward dog days, and bitcoins big bounce, whats driving the crypto climb, and a serious snap back for snap. I havent gotten to you guys yet. Is it a surge or just just poof, just disappeared like that. Im Tyler Mathisen in for melissa lee. On the desk, dan nathan, and guy adami, we start with the market jump. The dow up 314 points, blue chip index now up six of the last seven days. Nasdaq and s p 500 bouncing more than 1 , wall street embracing earnings season optimism and shrugging off those rising treasury yields which were higher today. Among the biggest winners, retail, the s p retail etf rallying almost 3 , solid rebounds, since its been down nearly 8 over the past three months. A lot of those names really limping. Another encouraging move higher in transports, rising 2 today, transports struggling since hitting 52week highs over the summer. And these gains today came even as yields ticked higher, so could this be the start of a seasonending melt up for the m
Strike. Well talk about what the markets have to concentrate on as we get into the next quarter. From a technical perspective, our next guest says the 20 of the s p now above the 50day moving averages brings the market one step closer to an entry point. Joining us, fair leaf managing partner katie stockton. Great to have you. Walk us through what an entry point might mean, in your view. A lot of corrective phases unfold in this a, b, c format but three ways. We think were in the third wave, the final wave of that corrective phase. But that would require, of course, some kind of oversold entry point. Were not convinced we have that quite yet. The shortt term momentum is ve strong. We do have some minor signs of downside exhaustion including that market breadth you cited. Theyre not widespread to give us enough confidence. We do think theres a good possibility that entry happens either this week or next week. What would really help is that is a pullback in yields. The market doesnt like
Half a player. Fifth straight carry. Only gets a yard. Aaron running that counter scheme, theyre pulling guys frying to get to the right side using the gap seams. Again, double teams on the play side frying to get the movement. Creating creases in the defense. Arkansas doing a nice job. Carter picks it, tosses to the end zone, no, no, yes, touchdown missouri jmon moore, remarkable, 4yard touchdown. Rick this is a pitch and go, kol i ver read it. Aaron the pushoff, rick for tolliver. Pushed in the back by jmon moore who got away, could have been an offensive pass interference call. Bielema is upset. Carter there was contact, no question about it. Unbelievable throw to the back shoulder, based on the reaction by the corner. Aaron and moores body control to make that catch with all of the drops he has had. Carter the p. A. T. , jmon moore hauls it in on the fifth touch touchdown pass of the day. Give him 43 on the year. The s. E. C. Single season record, and jmon moore to help out his qb,
We, after kind of mixed not much going on yesterday. News of course a bit slow in some ways, european markets were open yesterday, many closed for both the christmas and boxing day holiday. You can see a mixed bag in europe, asia overnight also somewhat mixed. Lets get to the 10year note yield on crude oil and how were doing on both of those important market barometers. And you see wti down lets get to the road map this morning. It starts with the tax effect. More Companies Including barclays and shell outlining major tax linked changes to the bottom lines in the first quarter. The race is on for fed vice chair former bush era advisers reportedly in the running. Tesla t is in a direct challenging a tesla pickup could hit the road but does tesla already have model 3 problems . Stocks look to rebound from yesterdays decline. A number of companies reacting to tax reform. Barclays expects a writedown of 1. 3 billion on the annual post tax profits. Royal dutch shell sees a charge of 2. 5 bi