With betterthanexpected earnings and you have what we have today, dow gaining 103, nasdaq, boy,. 70 nice when we finally get to the point we can focus on individual enterprises, we would be surprised at how well these enterprises are doing. Hallelujah so far, so good but next week was way too many jampacked earnings to keep track of, except for me. Let me give you highlights monday is expected to be a downer but im looking for a reason to buy, so thats at t. You might get a chance to by this midland quality phone company, yes, you heard me, once we scrutinize what will probably be bountiful cash flow from the time warner acquisition. We also hear from the one retailer that may disappoint us, amazon it used to be cv sfrmt but i think cvs are fine because they went and bought aetna. Then alphabet reported i cant remember the last time alphabet reported a clean quarter. Its always confusing. After the minoritysohot numbers from twitter, i fear another headscratcher who matters now . I car
Pressure gradient there are cold temperatures dropping down. Because the humidity is up we will not be as cold as yesterday. 30s and 40s a lot of the temperatures there are massive differences. Whitaker is 60. There is already 30s the Russian River area. I called some the south. 60s and 70s with a few near 80. For so 4 30 one. We are going to be okay when it comes to the morning commute. Can start off with the commute we have in pleasanton, livermore, and coming up to the area. The commute is looking good. There have been no major issues driving through the area. You can see up to Castro Valley it is a nice drive and it continues to be a nice drive through the area just looking around to see slow traffic. Traffic looks here and at the bay bridge is light. We are starting with an update on the power shut off and the bay area. Pg e says more than half of the 7030 customer stayed what whose power was off neither buyer pack on because whether his buddy. Better. The power is back in model,
Not as strong with the winds compared to our last wind event but still we are looking at gusty conditions, especially watching the north bay mountains. In the meantime, we are dealing with the smoke this morning, unhealthy air quality in santa rosa, unhealthy air quality for sensitive groups from napa, san rafael, vallejo, concord unhealthy air quality for sense tore groups in concord, livermore, as well as for san leandro, redwood city and vacaville, moderate air quality right now in San Francisco, oakland and san jose. Because of this the smoke from the kincade fire and the grizzly fire bringing unhealthy air quality and another spare theair alert in effect for the entire bay area today. So smoky again as we start off your day, chilly temperatures, definitely bundle up as you head out the door this morning. Patchy frost, hazy sunshine this afternoon. Seasonal daytime highs. And those strong winds will return later today, with the wind advisory, a red flag warning and extreme fire dan
Nasdaq advancing 6 . But we didnt get what we need, which is another reason to buy stocks here. This morning and last night i went over about 300 different stocks, 300, with an eye to finding new names to introduce to the actionalerts. Com club every month i give a talk where try to offer club members at least one new compelling idea. And you know what . How many did i find out of the 300 . Four yeah, thats right only four stocks only four out of 300 passed my test why am i being so selective . Let me walk you through whats worth buying in this treacherous moment first, i dont need stocks that need a trade deal to go higher as the trade talks with china drag on, the list of casualties grows longer and longer. Earlier this week we spoke to the longtime ceo of Emerson Electric he knows more than all of us i think he might be willing to break up the business, literally split it in half i love breakups. They tend to be fabulous for shareholders but does that mean you can buy the stock of e
To the inability to get a nafta replacement deal done with mexico and canada, to the federal reserves lack of sensitivity to the strong dollar put it all together and the industrial economy just cant catch a break. And thats why the market exploded higher on that robust employment figure. Dow gaining 373 points, s p soaring 1. 2 nasdaq surging 1. 40 it didnt hurt that we were oversold look, i know the Unemployment Rate is down to 3. 5 lowest in nearly 50 years. But it has to do with the makeup of the economy the manufacturing side of the ledger is not just doing that well the weakness in manufacturing hiring gives fed chief jay powell all the ammo he needs to justify cutting the federal funds rate that may make it more in sync with the traditional curve of low short rates to higher long ones normally, you wouldnt expect the fed to hit the accelerator with the jobless rate this low, but wages are still stagnant and theres no inflation to speak of basically, if powell is asking himself,