Lets get right to it, because as the dows record run continues, there are a couple of names that may have come too far, too fast. So, which stocks could see a pullback . Dan is looking at health care specifically. Oddly, you know, the health care sector, biotech and big pharma stocks have been very volatile over the last year, especially when the results of the election were obviously pretty, you know, debated throughout the summer and throughout the fall. So, when i think about this and i just want to talk about a stock purchase like Johnson Johnson that had this massive oneday gap on november 9th after the election and then gave it all back soon after. To me, those are names i want to look at again because theyve been particularly volatile over the last few months here, and i think it presents a trading opportunity because we have a market thats not moving a whole heck of a lot. Its just inching higher every day, but theres a lot of really interesting opportunities in single stocks.
Technology sector rebounded. The blue chip dow index to 18,923. The nasdaq rose 57, and the s p 500 gained 16. Since the election, the best performing sector has been the financials. The rally in this group continue . Bob pisani takes a look. Reporter financials have been on fire since the election, but the rally is losing steam and with good reason. The Biggest Bank Stocks up almost 15 since the election. Morgan stanley, goldman sachs, all hit 52week highs. Its going to be tougher to get those gains from here. The s p Financial Sector trading almost 20 above its 200day moving average. That almost never happens. And its highly Unlikely Bank stocks will keep rising until we get more information on what the Trump Administration plans to do. So banks have been rising for three reasons. Regulatory reform. But its not clear how much of dodd frank will be dismantled and this would only benefit the biggest Money Center Banks for the most part. Second, banks have been going up on rising Intere
Technology sector rebounded. The blue chip dow index to 18,923. The nasdaq rose 57, and the s p 500 gained 16. Since the election, the best performing sector has been the financials. The rally in this group continue . Bob pisani takes a look. Reporter financials have been on fire since the election, but the rally is losing steam and with good reason. The Biggest Bank Stocks up almost 15 since the election. Morgan stanley, goldman sachs, all hit 52week highs. Its going to be tougher to get those gains from here. The s p Financial Sector trading almost 20 above its 200day moving average. That almost never happens. And its highly Unlikely Bank stocks will keep rising until we get more information on what the Trump Administration plans to do. So banks have been rising for three reasons. Regulatory reform. But its not clear how much of dodd frank will be dismantled and this would only benefit the biggest Money Center Banks for the most part. Second, banks have been going up on rising Intere
Technology sector rebounded. The blue chip dow index to 18,923. The nasdaq rose 57, and the s p 500 gained 16. Since the elelection, the bt performing sector has been the financials. The rally in this group continue . Bob pisani takes a look. Reporter financials have been on fire since the election, but the rally is losing steam and with good reason. The Biggest Bank Stocks up almost 15 since the election. Morgan stanley, goldman sachs, all hit 52week highs. Its going to be tougher to get those gains from here. The s p Financial Sector trading almost 20 above its 200day moving average. That almost never happens. And its highly Unlikely Bank stocks will keep rising until we get more information on what the Trump Administration plans to do. So banks have been rising for three reasons. Regulatory reform. But its not clear how much of dodd frank will be dismantled and this would only benefit the biggest Money Center Banks for the most part. Second, banks have been going up on rising Intere
Crude prices ended the day by 1. 50. Wti is up against another 16 cents to 47. 48. Brent is down by three cents to 48. 95. Earnings just out now from home depot. The dow component posted a profit of 1. 44 a share was eight cents above expectations. Revenue also beat analysts forecasts. The company also raised its fouryear guidance to 6. 27 a share. Were going to dig through the report im digging. With an analyst at this point. The stock is looking really strong today. That should help the dow to some extent. Since it is in the dow. And i believe that is an alltime high. Alltime high for home depot. And youre talk about a market cap of closing in on 200 billion. And you know, we have still a young guy, energetic dude. Started in his lifetime i dont think he was in his 20s when he started either. To create how many thousands of jobs. Create 200 billion worth of shareholder value. Its just an amazing value. And craig meniere the chairman and ceo. Pleased with a strong expected growth. Bro