Can these stocks keep surging. With us for the hour, Pete Najarian, steve weis, also with us on set is tony dwyer. Weis, ill begin with you. You like this group . You own netflix. I do. You say you may buy facebook today . I would love to buy facebook. Ive been talking about it for a number of days, a couple of weeks. I agree that Mark Zuckerberg is one of those unique individuals, like a steve jobs, who is creating an entire new asset class, as we look at it, and technology, of course. Look, the nasdaq is not expensive. And if you its like 18 times earnings as you go forward, youre still going to have this low inflation. I mean, we looked at durable goods orders today it was a disappointing number. The revision was disappointing if you have that low inflation, youll want to go for growth youre not going to get the tenyear moving much above where it is. So growth is personified by the f. A. N. G. Stocks. So they will keep going. Theres no doubt in my mind in this environment youve been
And americas favorite stocks, well talk about the biggest of the big names today and profile some of the sectors that have run up and the ones that still have room to grow. First check in with sue downtown at the nyse. Im looking at the markets, they are lower, but were off our lows of the day, down 70 points on the Dow Jones Industrial average. The s p is down 9. The nasdaq down 25. On a percentage basis the nasdaq is the biggest loser. Gold after a big move yesterday is down 8 on the trading session. The tenyear note the yield is 2. 48 and ice brent crude traded up just under a buck on the trading session. While the markets are falling a bit today, carl icahn is 825 million richer. Congratulations. About a year ago, he started buying up shares of netflix in the 58 a share range. Mr. Icahn bought a total of 4, 291, 000. Which led mr. Icahn to tweet yesterday, quote, sold block of netflix today. Wish to thank reed hastings, ted sa ran dose, netflix team and kevin spacey. Mr. Icahn stil