Losses in tech. The s p is looking at the best year, potentially here in two decades. Deirdre bolton kicks us off. She is at the New York Stock Exchange whether thedre . Thats a great question, blake. You mentioned the s p 500 is on track to havehe year since 1997. Todays red on screens doone foe year. The groups putting most pressure on the markets right now are ones that outperformed last week. Really sent stocks to all new highs for the christmas rally. They include info tech, consumer discretionary, also communication stocks. Youre seeing that pattern as individual stocks too. Some of the biggest winners of the year are lower today. Here are some top three weve been following. Apple, microsoft, visa. They are all stand out stocks for 2019. Apple, we have to highlight. It is the best performing stock on the dow for the year. It is up 82 . The gains pushed companys market cap back above the 1 trilliondollar mark. Analysts talking a lot about wearables. They are beating forecasts. By
Ideas. The Investment Committee is ready to go. The Halftime Report starts right now. It is did to hais good to hh us joe terranovterranova joins us lets kick it off with stocks. Record highs for the major averages, volatility, the lowest since the summer the question now does it clear the decks for a major move higher by the end of the year, josh brown, that question goes to you first hey, judge, how is it going how are you heres the big picture. Take the s p and the dow out of it look at the etf for atwx, global stocks without the United States in it, or look at the efa index, theyre both hanging at new highs. That is something that not a lot of people expected going into this year. There was a conversation about how the trade war would be damaging to europe and brexit would be damaging to britain what if i told you german stock market is up 25 year to date, japan is up 17 , the United Kingdom is up 28 . You wouldnt have expected those things to be happening that back drop is importa
Halftime report starts right now. Good to have you with us. Our Investment Committee today, joe, josh, john, steve and shannon. The chief Investment Officer at boston private wealth. Lets begin with a look at talks. The major averages off their Third Straight down week a bit volatile in the green as we speak. Weiss, your note said you were a net seller and you will sell on any strength you get in the market why is that . Theres has to be significance to it. Im not selling anymore i took advantage of the lift if in friday to sell some stuff there hasnt been a lot of selling but shaving here and there. I think what the news the came out today and over the weekend has set the bar a little lower for what could come out of the china talks. As long as they make some sort of progress were okay and the market lifts my bigger concern is the earnings season. Were trading 16 times next years number right now, thats not cheap. The market generally is about 14 times. If we see continued strength in
Interest fact Nestle Waters north america doesnt pay a dime to the communities for the water they struck with they do is hire a company with an existing permit to extract the water like 7 springs Water Company and high springs florida and that Company Obtains the permit nestle pays loads of money to upgrade that companys equipment and sucks up millions of gallons of Natural Spring water and bottles it for mass consumption however aside from the 150. 00 application fee nestle doesnt actually pay for the water theyre taking from the community that means as was noted in an editorial from the Orlando Sentinel at a Editorial Board florida doesnt tax the producer for taking water and doesnt tax the consumer for buying it which makes you wonder hock watchers is mesley cares so much about the converse that conservation of the water they make billions of dollars from why are they willing to pay the communities a reasonable and beneficial amount for said water. Well find out why as we start watc
And doesnt tax the consumer for buying it which makes you wonder hock watchers if nestle cares so much about the converse that conservation of the water they make billions of dollars from why arent they willing to pay the communities a reasonable and beneficial amount for said water well find out why as we start watching the hocks. The soldiers you get the banks are real that this was. A large. Part of. Your life but they like you are going to. Sleep. With. This soldiers and. We. Welcome everybody to watch technologic some tab of the wallace and joining me from the dark forest of minnesota is my cohost tired of and thanks for joining ray. Always a pleasure always a pleasure as the as the water pours from the sky here in minnesota we are now talking mess looking in water and once again putting our environment in danger and our water supply and a lovely thank you nestle has always i mean he no months and so just was taken up all the press for being one of the Worst Companies on the empir