And the nasdaq. The dow is up about 100 points. The nasdaq 100 hitting a new record high. Your midcap names, jan bradys of the investing world, big standouts. Energy stocks a big part of that, led higher by names like denver, resources, sm energy and energen. Im michelle carusocabrera. Cleanup efforts from North Carolina to florida following hurricane matthew. 19 deaths have been reported here in the United States due to that storm. Samsung suspending production of its galaxy note 7 phones following reports that they catch fire. Oil prices are moving higher after Vladimir Putin said russia is ready to join opecs efforts to cap oil output. Begin with politics and new polls showing that donald trump is in deepening trouble. John harwood live in washington with the numbers. This one is, what, nbc news and wall street journal, john . Yes, this is a wall street journal nbc News National live interview telephone poll that was it is important for me to point this out, this is not reflecting a
Using a stock tool that says, yes. Me list yashgs after sulissa go out on a shopping spree. But if you choose wisely, there could be some money to be made. Now using a quantitative tool looks at market action. We looked at past occurrences when the retail etf has fallen 7 or more within one month as it just has. That has happened 12 times since 2009. Now no clear signal for the xrt itself about half the time it continues to lose ground. But we did find some good individual stocks. Now as for macys, nordstrom and jcpenney, they only post rebound gains of 67 of the time. But when they do rebound, theyre good for 2 and 3 average returns sprerespectivel. There are special i dty and dist names. The names are more reliable bouncing back one week after the xrt loses p 7 or more within one month. So look for names like tjx and ross stores. Head over to cnbc pro for more on other parts of the Consumer Sector that tend to bounce back. All right. Thank you for the data dive. Lets get to bob pisan
It is currently below where it is trading now . Well, it is affecting the direction of the market that wanted to point higher. When it relate s s to apple wit sitting at 89. 80, and make the short trade and go against the big Balance Sheet . I am not sure it is something that you want to do, and if you believe it is the right move, you have to hope it is getting to 80 and not going to be buying back the stocks. And on the longer term basis, i believe in apple and the story and the the vision and the ecosystem. The question then becomes is it the moment to buy it, and obviously, given the tape today, it is not. So what do you do right here . If you dont own it, you get a box of popcorn and watch what is going on like a good movie, but if you own it, dont double down and panic. And josh, if you dont own it, shouldnt you buy it at 89 and change . Well, it is a question of the time frame, and you have a not so good year this year. But the question becomes how much of it is priced in. From
Good morning and welcome to another special edition of Worldwide Exchange. Im sara eisen in washington today. And im wilfred frost reporting live from london. Good morning to you all. Good morning. It is the friday before Independence Day. Were wishing america a happy birthday with some of best usa themed songs today. Lets get straight so the markets on a friday. Lets show you what u. S. Futures are doing. Under a little bit of pressure after pretty giant rally. The dow climbing more than 200 points again yesterday. Giving back about 48 on the session here. S p future down. Nasdaq down 14. The first half of the queer nye officially in the books. The dow and the s p 500 up nearly 3 for the year, but check at the nasdaq, it is down by the same amount. Six sectors are positive here today led by tell kom up 21. 8 pjt. The worst performer the financials down 4 for the year. As for the ten year treasury note, we have seen another strong week. Buying a treasury sending yields lower. Down to 1
Nikkei flat. European equities, still positive. Nicely positive. Its better than yesterday. Germany, france, ftse, spain, all higher by more than 1 . Even more italy who has suffered so much lately. Price of crude oil up this hour across the board. 47. 97. Brent is reapproaching 50. 49. 34 with a gain of. 55. Danone is buying whitewave foods to expand the presence in the United States. Whitewave is the producer of silk almond milk, Earthbound Farm horizontal organic milk its a 24 premium to whitewaves Closing Price over the last 30 days. Tesla ramping up the word of wars with fortune. The electric car maker saying it did no wrong waiting to disclose a fatal accident with a car with self driving technology. This after fortune accomplished accomplish fd a story that was critical of tesla setting on the news for eight weeks. Criticizing the fact elon musk sold shares in the interim. A blog post late last night denying it knowingly withheld information from shareholders regarding that cras