As stocks set records, theres a parade of Tech Companies announcing plans to go public. What does it mean for the markets next move . If you want to invest in electric vehicles but youre nervous about teslas high voltage valuations, there are other stocks to consider. Weve got the names. And forget for a moment about what a trump or biden election will mean for stocks. Im worried about the market response to a disputed election. Should i be . On the barrons round teabl, my colleagues, ben lev son, carlton english and al root. Ben, let me start with you. Give me a rundown of what happened with the stock market this past week and with the ipo announcements. I dont even know where to start. It was that crazy of a week. But the s p 500 and the nasdaq both hit records this week, the dow finally moved into the green for the year. And as you said, were getting ipos. Every company youve ever heard of now has a listing out there of some sort, some sort of filing. Theres a Company Called palin t
Theres your picture the dow is added up 127 points about onehalf a percent nasdaq muted for the most part still in positive territory. Apple leading the way again. Its been up by more than 1 josh brown, apple is now the single largest s p 500 weight over the past 40 years at 6. 5 that in and of itself tells the story of how well this stock has done yeah. I mean its undeaniable. Apple would be the company you would pick i dont think it would be difficult. You could throw a lot of other names in there this should be the largest wagts. It makes perfect since given the success of the fundamentals of the company itself why wouldnt it be the largest stock . However, this is as extended as ive seen it since 2012. The stock is now 47 above its rising 200day moving average. Historically if you bought the stock at anything even above 25 or 30 above its 200 day moving average, that had typically been a period of consolidation to follow it may not be the best idea with fresh cash to go plowing int
Blowouts record highs for apple and fable. Lets dig a little deeper. Amazon is built for a pandemic they typically pour money back into the business. They made a big bet on Online Grocery. Nay have been preparing for a shift in spending habits and it just so happens that occurred overnight. On the Earnings Call one analyst joked that does jeff bezos no how successful amazon is same store pick up, a number of whole food stores that can pick up deliveries on triple this quarter we are adapting and looking at something that changed and created things for the new vooirs, especially the entertainment area alphabet is more affected by the pandemic you can see the shares are under performing the other tech giants this morning you cant help but note that while amazon is known for groceries and advertising, they are smaller projects, they are still losing money lets bring a closer look at the quarters amazon getting a number of price targets at 4,000 that would apply a market yeah, it certainly
Vacation go when they cant leave the house . Nowhere just sleeping in and hanging out with the family. You look over, 3 50, those losers are up. Is this me this is me. Good. I finally rattled you. Difficult to you i rattled you watch the silliness. We are hearing a lot of things sharing you were twerking, i figured i better get back quickly. Nobody wants to see that. You cant unsee that u. S. Equity futures at this hour, lets tell you quickly things are down for the markets. The biggest decliner is the nasdaq no surprise because of the hearings happening today for the big four the nasdaq off 1. 257 . The s p indicated up by 9. 5. There is so much happening today. Well hear from boeing General Motors General Electric and others before the bell. We are keeping a look at whats happening from the treasury yield this morning the fed conference the 10year at 0. 589 . Andrew is going to tell us about one of the big things we are watching today the big one, the nasdaq will be an historic heari
Lets start with you, josh brown. This is something weve been saying probably like a broken record for, it seems like weeks now. It has been. The nasdaq, new record high. New record high. Is this something that worries you a bit that it just goes up in a Straight Line well, it doesnt worry me because as an investor, i would never have 100 exposure to anyone segment, sector or a pekts aspect of the stock market we preach diversification. Most of the people we give Financial Advice to are already wealthy. Our primary mandate is to keep them wealthy not race against the triple qs and try to do better than any over one, three, five year time frame. Theres two ways you get beaten up in this market from buying stocks at any price and paying any level for a quote, unquote great company. First cay is obvious any minute now the music stops playing and every one scrambles for a chair and it turns out there are way more sellers than buyers when some volatility gets reenintroduced to this space its