Turmoil in this market all the big moves i see, both up and down, including today. The dow dipping 37 points, s p declining, the nasdaq lost 0. 28 . Underneath, though, theres a lot of rumblings i blame the millennials. Theyre impossible to getaway from and i have to tell you if it werent for the fact that i have two millennial daughters, i would hate this generation the generation that demands to be catered to or they cut you off at the knees or at the cord if youre a cable operator Everyone Wants millennials as customers because theyre old enough to have disposable income but young enough to be persuadable. That means you need to advertise on the internet, because thats where this generation resides. Thats why 45 of cloroxs add go to facebook and google. Clorox is at 45. Second, perhaps because of low wages and student loans, they pay out for very little. Weve identified over and over, millennials will pay premium for uber, for air b b and the iphone and theyll pay up it for makeup t
Friday, its what makes the markets move here, including todd where the dow dipped 22 point, s p inched up 0. 18 , the nasdaq advanced 0. 31 . While the trump factor is always going to be with us, it certainly isnt the be all and end all. What matters during earnings season are the numbers, the readthroughs and the derivatives of those numbers are driving stocks. What do i mean by these concepts . What makes them so important . Lets start with the nasdaq. Did you notice the intraday pep in its step . Do you know what caused it . The nasdaqs intraday bounce had everything to do with a Company Called asml. Asml. A Dutch Semiconductor equipment maker that reported outstanding numbers last night, causing the stock to rally more than seven points. All right. You may not know this 54 billion company, but youve definitely heard of their clients. Think intel, samsung, taiwan semitexas instruments, which order gigantic, expensive pieces of equipment from asml in order to make all sorts of chips
Yarn about a letter hidden in plain sight that nevertheless cant be detected because people just arent looking for it in the right places. We see the same thing happens with this market pretty much every day now. Great bull stories passing unnoticed right in front of your eyes. Today was no different. Even as the dow dipped 16 points, s p declined 0. 16 , nasdaq actually closed up albeit fractionally. Let me give you some classic examples. When investors try to figure out why stocks should go up, they begin with the presumption that the United States is a service economy. Since twothirds of our Gross Domestic Product depends on individual spending. But heres the problem. The big time portfolio managers, they dont see any real strength in consumer spending. They dont see it with all the retail store they follow. They dont see it at the restaurants they cover. They dont see it in the home sales. They dont see it in the shopping center, shopping mall, or strip Mall Real Estate investment
Some deals are more equal than others, and some never even get done because of factors beyond the control of the dealmakers. These aborted takeovers can make the entire market go up or down because they remind you just how fragile stocks can be like in todays muted session where the dow only finished down 13 points, s p inched up 0. 5 , and nasdaq declined 0. 17 after a very rocky morning. Knowing how to identify a good makes us better investors because it means well be ready to buy stocks on the weakness specifically caused by these kinds of breakdowns or maybe to profit from the strength it can generate as both often have nothing to do with the broken deals themselves. Lets talk about the big story right now, the current state of the nondeal of salesforce. Com buying twitter for the rumored make or break price tag of 29 a share, 9 higher than the stock hurt the whole market as was certainly the case at the sessions opening before it came to its senses. First lets go over the genesis
Others, and some never even get done because of factors beyond the control of the dealmakers. These aborted takeovers can make the entire market go up or down because they remind you just how fragile stocks can be like in todays muted session where the dow only finished down 13 points, s p inched up 0. 5 , and nasdaq declined 0. 17 after a very rocky morning. Knowing how to identify a good deal or what can kill a deal makes us better investors because it means well be ready to buy stocks on the weakness specifically caused by these kinds of breakdowns or maybe to profit from the strength it can generate as both often have nothing to do with the broken deals themselves. Lets talk about the big story right now, the current state of the nondeal of salesforce. Com buying twitter for the rumored make or break price tag of 29 a share, 9 higher than the stock is now, because thats a prime certainly the case at the sessions opening before it came to its senses. First lets go over the genesis o