Josh brown , some of the individual runs look amazing amazon 7, facebook 7 how long can this continue the other streak thats happening through the Looking Glass is continuing on pace as well small cap stocks look Terrible Bank stocks are the worst place you could be right now now you have the cruise lines and travel related stocks. Those are rolling back over again. I guess retail and energy are hanging in a bit better but the have notes are continuing to have not and so those trends can go on for a lot longer than most people can stomach watching them especially if they are on the wrong side of that its a very difficult market whats important to point out, its not just that nasdaq stocks are doing well the gains are particularly concentrated among the largest nasdaq stocks. We know that all you have to do is look at a ratio chart between the triple qetf and the qqqew which is the equal weight nasdaq etf. Yes, such a creature exists in the wild qqew is negative 2 on the year while the
Of their earnings. The traders take their positions. Home depot shares are up 10 in 2020. The stock just got a new street high target. It is our call of the day. Plus eight stocks wall street loves on this valentines day, all with double dugt upside from here. The Investment Committee is ready to go. Halftime report starts right now. And it is good to have you with us here on this friday. Your Investment Committee today is jim lebenthal, josh brown, stephen weiss, and shannon saccocia, chief Investment Officer at Boston Private Wealth shannon, welcome good to see you back thank you all right [ telephone ripping is that the president good start. Who do you think we are scott is not here for one day, this guy is talking calls on the set it is probably wapner. Cut his mic stocks are on track for a second week of gains the dow up 1 this week, the s p up more than that. The nasdaq up about 2 this week the nasdaq 100 by the way up 10 this year. Stocks remain on pace to post their best monthl
Stock higher from here the Investment Committee is ready to go. Halftime report starts right now. Great to have you u with us on this wednesday, the day before thanksgiving. Our Investment Committee, joe, jon, steve and jenny Stocks Holding steady, but enough for the dow, s p and nasdaq to hit new highs. The nasdaq trying for its 25th record close and its 11th this month alone. Tech, industrials, consumer staps, all hitting record levels we continue to buy into this rally, joe yes, we are in the middle of a melt up. Thats what with we can call this its being powered by significant dispersion on many sectors. Technology, health care, financials, so you can find opportunities in each of these sectors. Are we pulling forward some of the gains from 20 . B potentially, but thats not a concern we have now. We think a lot of it is predicated on the basis that the consumer is strong when you look at Balance Sheets and you think of governmental ambulance sheets, corporate. What better Balance S
Certain tariffs. Not just a trade deal, but actually removing some of the economi existing tariffs earnings continue to lead us higher just a bit. We have names like kroger and tapestry, the old coach beating expectations joining us for the entire hour is a man you know well, steven weiss from Short Hills Capital partners steven, good to see you down here at the New York Stock Exchange good to see you brian good to see us both heres the thing, earnings, trade, maybe just general positive market sentiment. One of those three or maybe something else, that has been the primary driver for what has been a nice little run we are up nine of the past eleven sessions on the s p 500 i think there are multiple drivers to the market. Trade being the most important and the most dominant. You can see the correlation. For those who say that trade is all in the market, thats clearly not true because when you get positive news coming out, the market ticks up when you get negative news, it goes down. So
Now. Good to have you with us on this big thursday. Our Investment Committee at the table, joe, jim, sarat, and jon. We begin with the market stocks are higher, trade meetings continuing. What all of that means to your money. Lets go to Kayla Tausche outside where the talks are being held for the latest. Keep an eye on the door behind me because that is where we expect the chinese delegation to be departing momentarily. Actually, you can see them coming out the front of the office of the u. S. Trade representative right now there are are about three dozen officials inside led by the vice premier liu he to the hotel where the group is staying, regrouping and discussing matters of this morning that were negotiated and possible next steps before an afternoon session and a dinner hosted by the u. S. Tonight of course, all of the fine print is being worked out behind closed doors here, but it was the president s tweet this morning that created the most Significant Development in this story