Portfolio . Then there is this. President trump i thought it was a very divisive speech, extremely divisive. We have tremendous amount much enthusiasm for my campaign. Charles President Trump pushing back against former First Lady Michelle Obama who declared him in over his head. Well get reaction from Katie Pavlich on that. All that and much more on coming up on making morn any. Making money. Charles golly, folks, monster quarters for two of the bigger names in retailing. Walmart, home depot posting results well ahead of expenses. Mindboggling increases in samestore sales. Wall street is anxious what happens next with additional stimulus. That is stuck in limbo. We are erin sikes and kristin benz. Let me start with you. Walmart was initially up 6, 7 in the premarket. Home depot, again, surge, surging, folks kind of wondered can it be reflip indicated, can it be replicated without stimulus . Where do we go from here . Is certainly can, charles were . A walla so no economy. Home depot w
And so much more, on making money. So folks as we end the week the big investment theme is the retreat and big growth names those mega tech stocks that have been on fire for a long time, profit taking was sparked by concerns over the quality of teslas earnings, of course it came from selling those tax credits and slower cloud growth microsoft, and the smooth sailing has run into an air pocket and now these pockets though, theyve been great entry points in the past and the question now is will history repeat itself. Joining me, ubs private Wealth Management senior portfolio manager, katarina simoon it, and let me start with you, overall, the sense that we see these names and i guess investors have become accustomed to them being up every day. Why now . Why are they beginning to stumble . Im talking bigger tech names and the larger growth names. Of course, and charles, thank you for having me on the show. Well tech certainly has been an exciting sector to watch over the last couple of we
Home. Dr. Nicole saphier will weigh in on that news. House Speaker Nancy Pelosi says she sell whoing firm in negotiations for stimulus to the american people. More proof that President Trump had to take matters into his own hands. Well hear from steve moore and congressman matt gaetz coming up. All that and more on making money. Charles well i think todays action coupled with yesterday reflects that the market is sensing continued improvement in the economy and also a belief that a vaccine happens sooner rather than later. Remember yesterday it was the travel stocks and Airline Stocks were rockin and socalled covid19 winners, they were hit hard. Part of this belief is being fueled by evidence. Take for instance the tsa travel data coming in at the highest level since late march. We had some false alarms this year on all the names. I want to bring in david nelson and Wealth Enhancement Group senior vp, nicole webb. Nicole, weve seen the travel stocks popped big, casino stocks and then t