Understanding why viewers want us to compare results to last year, not to analyst expectations. We have 70 above. What does that tell you other than the Company Effectively managed where analysts were. We have no idea is it above or below. Intel, a third of their profit dropped off. In both revenue, and earnings, wouldnt you like to know how it compares . What if everything is down from last year in both revenues and earnings . Was it rich who was saying what you should be looking at is the number of companies that have surprising that shock you by missing by so much. Those are the ones who you havent really seen just objectively, it is hard to do above or below last year, there is always items, they sell businesses, so, you know, things are discontinued and makes it hard. The stock trade is based on where the streets expectations are. If they knew it would be coming down steeply, but if you knew it was going to be coming down steeply, street knew it was coming. Youre late to the game
Thursday. More on that in a while. One of the biggest banks in the country, citi sha rising in the premarket after beating analy analysts estimates on the top and bottom line. All of the next moves from the financial giant. Chinas Economic Growth slows, as expected but the Industrial Production numbers came short of expectations. Strong auto sales helping boost retail sales last month. As prices rise, what happens to consumer and the retail stocks. Leap wireless up 100 after at t inks a deal to buy the wireless provider. Banking giant reports Second Quarter earnings of 1. 25, that was ahead. Citi says results Capital Market revenue and demand from emerging markets. Trading up 18 . Equity trading up 68 . Not bad. No. Superb, actually. A lot of people getting against the quarter. Charles peabody. Quite a bit of brouhaha thought up to 5 billion to 7 billion of losses. The Foreign Exchange losses, off by 1. 3 billion. How do you stay short . The breakdown, north america, latin america, asi
Well look at whether this now will officially be called the most unloved bull market ever. It has been, thats for sure. Lets check where we stand as we approach the final hour for a monday afternoon on wall street. The Dow Jones Industrials average is now sitting at the highest levels of the afternoon with a gain in the session of 38 points. 25 higher. 15,503. Yes, unchartered territory. Nasdaq still 13year high, up 8 points,. 25 . And the s p 500, where it is also rolling around the record books here with a gain of 3 points, unchartered territory, as well, at 1,683. Bill . So will the records continue into this week . The dow and s p 500 on pace to close at alltime highs for the third day in a row. Joining us to break it down is Danielle Hughes that divine capital, michael and stan from s p capital iq and our own bob pisani. Welcome, everybody. Sam, let me kick it off with you. Were at the beginning of a week that will be very, very busy in terms of earnings. Whats your latest status
Accommodation. The road map begins with the third best quarter ever for starbucks, and chairman and Ceo Howard Schultz will join us. We will break down the numbers and see what is brewing for the future. And amazons negative surprise as they have a quarterly loss loss hit by big spending at the company. And plus, we are an hour away for the arraignment of Steven Cohens sac capital and we will take you live to the courthouse when that happens. First up, starbucks up sharply, and the coffee chain says it earned 55 cents a share in the fiscal third. And same sales remained the same as the expanded menu offerings drove traffic and rose the year guidance and we will have an exclusive interview with the starbucks Ceo Howard Schultz, and jim, the metric of the day, 9 comps in the u. S. People it is hard to get your head around that. Well, these guys have 19,000 stores. I know, 19,000 stores, and glob globally they did fantastic and the operating margins up 25 income points and 13 increase in
[ buzzer ] after another day shrugged off the negative. The s p rising 1. 4 , and do you know the nasdaq 100 is now up an astounding 14 days in a row . Did you know that the s p has now closed up eight straight day, the longest win streak since november 2004 . Hallelujah and the analysts just dont believe in this market and the afterlife of stocks that keep coming roaring back, vampirelike. Today is none other than free, left for dead stocks by the analysts roaring back to life, three true blood stocks the wall Street Community didnt care for. Increasin increasingly, maybe theyre warming up to or have been too late to take an action on because they were just plain wrong im talking about citigroup, wireless and the ones that drove up a buck today as the analysts scrambled to show this some love. Was citigroup perfect . Think not. No one perfect than j. P. Morgan and wells fargo this week. Sometimes imperfect isnt up especially when so many analysts and short sellers are betting against