The rallys sales. We only need a gain of about eight points for a new high. Were already up 60, and thats even off the highs of the day here, kelly. Thats right. So, were sitting at 17,120 on the dow. There are reverberations from yellens remarks, particularly in biotech, down today. That may speak all more to the strength were seeing across the Broader Market here. Obviously, keeping an eye on the big names involved in the mega deal you mentioned, we should note right off the bat, shares of fox are down almost 4 . Shares of time warner are surging today. Cnbc first to report that Rupert Murdochs 21st century fox is trying to buy the company, even though time warner is saying no. Murdoch is apparently pressing. We will speak with former universal chairman bob wright, who knows all the players involved here, about how this might play out. Will murdoch add to his empire . How much could it cost him when all is said and done . And does it make sense in this environment . Well talk to bob
One part of building real wealth. There are some people, call them the 1 if you will, who can make enough money from their ordinary day to day income to become truly rich. What a great thing. But for vast majority of americans, that paycheck is not enough. You need to augment it, work with it. If you keep watching, im going to tell you how to do that, not just for the next year or two years but for the rest of your life. Now, usually i come here and tell you what i think of the market, what themes i think are best, stocks that best fit those themes but the truth is before you start investing in stocks there are a lot of other things you have to do if you want the payoff from those investments to mean something later on in life when you most need the money. You may not want to hear this, but its absolutely fruitless to think you can get rich in stocks if you havent laid down a foundation for building longterm wealth beforehand. What do i mean by that . Simple. I can make a fortune in th
Rallied to record levels. S p climbing. 28 . By the way thats a 15year high. Yep. Bull markets take their cue from johnny mercer. As investors ak sen wait the positive eliminate the negative and dont short mr. In between. Lets start with some big winners. Last time we learned the u. S. Is investigating whether the gold market has been rigged by some of the Worlds Largest banks. Now, were all used to what happens after that news right . Immediately the targets get hit. And all too often the case one of them is the bank jpmorgan. Just when the stock looks like its going to break out we get this investigation. And like chuts and ladders this seemed like it was headed right back down into oblivion. Oh, but not in this market. Jpmorgan convenes an analyst e meeting and going to charge because under the new capital rules the company is penalized for too much capital. So the stock doesnt go down at all and looks flat before the openings. Some hoped jpmorgan might have split itself into easier
[ applause ] any time you try to analyze winners, you have to eliminate the stocks that move because of other events. Oil and gas stocks had gigantic moves because of the turmoil in the middle east. So Many Companies can benefit from the increase in the worldwide price of oil. Second, were seeing the china plays move up. Its become quite obvious. Thats how copper stock like freeport or hefry machinery can rally. Those arent fiscal cliff stories. What are . What are fiscal cliff stories . How about the Home Improvement place . We can sit here and say that lowes rallied today because of reported better than expected quarter this morning. You can argue that Hurricane Sandy to augment earnings for the next year as were beginning to rebuild the coast. Many of the hardest hit areas arent even accessible to contractors let alone homeowners. However, i think that retail is the biggest winner if we hammer out a phased in group of spending cuts and tax increases. And the retailers that cater to
The nasdaq jumped 1. 14 , its worth remembering that companies can and do change their stripes. Actually improving the business all of the time. Sometimes the moves are revolutionary and sometimes theyre evolutionary. Today, we heard from a cavalcade of companies and the results are remarkably positive and they made you a ton of money. Why dont we start with the most obvious one, Green Mountain coffee roasters. Which after today should rename itself Green Mountain coke refrigerator. Thats because last night cocacola bought a 10 stake in the company and are going to partner with them to develop a cold soda maker, a keurig, yep, for soda. Until last night Green Mountain had clearly peaked with slowing numbers. And the two high valuation. But bryan kehly, Green Mountains chronically underestimated ceo saw the weaknesses and thought big, partnering with coke to have a disruptive machine from the looks and the sound of it will be much easier to year and therefore better than soda stream. Pl