Than my view that you should just own apple, not trade it. Yet today with the stock breaking out to new yearly highs, its time to talk about why we stayed the course. This is important and not just because apple, the Largest Company in the world, can actually help power the entire market upward as it did today, with the dow gaining 178 points, s p declining, and the nasdaq falling 1. 47 . We have to analyze my apple call because all the years ive been in this business and, man, ive been in it a long time ive rarely ever gotten so many criticism, so much cat calling than i did for my dont trade it, own it mantra when apple shares got hammered after the march quarter. I was widely seen as being sentimental at best and at worst down right stupid and arrogant and ignorant. After all, hadnt the facts changed . What wasnt the growth gone . Despite the widespread hate for apple and its stock, including its socalled bullish analyst whos are mostly negative anyway, i thought otherwise. As the s
In king of prussia where today republican Vice President ial candidate mike pence will be campaigning. Matt, tell us more. Tracy and cvai, governor pee will be here in king of prussia at tech tube, this company here. That speech will be happening this morning. He will then head to pipersville in bucks county. The details of this speech here have not been revealed, though. This company does specialize in manufacturing. The company tech tube touts more than 70 years of experience in custom tubing for a number of industries. Pennsylvania has been viewed as a mustwin state for both parties. Weve seen both campaigns here quite a bit recently. Weve also seen the republican campaign, namely donald trump himself reaching out over the past few days. Hes been making a push for more support among africanamerican voters. Never. Never. If there was no one else to vote for, i would vote for myself. Its like were doing the same thing over and over. We are doing it. Its insanity, to continue to vote
Soaring on the heels of more dovish rhetoric from the fed. Large cap tech, staples, deschristianry, all moving higher and are the bears ready to surrender . We kick it off with our biggest bear. Brian kelly, what do you say . Not ready to surrender at all. Simple stuff, since june of 2015, almost a year ago selling the r. I. P. S has worked for the strategy and buying the dips has worked and transports, one of the leaders on the market on the way up. Financials really lagged today and when i look at the bigger big. I look over in europe and look over in japan and those markets, the nikkei and dax have diverged massively so when i look at the s p 500 i look at it as the last man standing and it scares me up at these levels. Corporate earnings are falling and not a place i want to chase this market at all. In fact, i want to be selling the rips like you have been doing since june of 2015. Second biggest bear on the desk, what do you say . Heres the thing, everything what brian just said
Another day with the dow and s p closing at 2016 highs. Despite an earnings season thats seen big misses. And today cocacola. Which begs the question, could we see new alltime highs if earnings continue to be lackluster, dan . Yeah, you can. It may surprise you coming out of my mouth, but you can. And its likely to happen. Heres the next pivot point you have to look at, the s p 500, the high in november here. If we were to fail in and around where we are right now, thats something that would give bears a little juice here. But the thing is about earnings, were very early in the earnings season. Expectations were very low. Especially when you consider the fact that we got the bulk of a lot of financial stocks earnings. The stocks traded pretty well. Once we get to the back half of this, into more consumer related names, in retail, i think we may have a slightly different picture. I think that investors right now, who discounted low expectations, may have much Higher Expectations in the
Two out of three and he won more delegates than hillary last night. Donald trump won big in arizona, but he lost big in utah, he came in third. I have one item for you from wall street, the big yawn, it continues. Virtually no reaction to world events. The dow starts out 700 points shy of its record high. Weve got it all. Varney company about to begin. How about this . The first thing this morning, a report that the guy in the hat, the guy on the right had been captured. Theres confusion about that, but belgian officials have announced details, some of the details about the attack, about the two men pushing the baggage cart and the socalled dead man trigger, socalled gloves on the hands. Ashley the more we know the more confusing it is. The man on the right is wanted, najim laachraoui. And the brothers in the picture. Brahim el bakraoui hes responsible for the bombs at the airport, but his brother, khalid, is responsible for the metro coming. Ive got to say that belgian media getting i