Picture. Analysts are forecasting for this quarter, thats going to be weak Revenue Growth. While we are seeing a reacceleration in gdp growth, that hasnt translated into higher Sales Estimates for this quarter. For q4, Thompson Reuters is estimating a. 4 jump in sales versus 3. 4 that we saw last quarter. Europe will also be in the spotlight this season. Analysts are betting that tech will benefit from the ongoing recovery in europe. Tech companies that have exposure to europe include harmon international, Electronics Arts and priceline. Last quarter, priceline saw an uptick in european sales. Analysts say the European Online travel market could offer considerable Growth Opportunities for priceline and the broader online traffic market, travel market, excuse me, going forward. When it comes to emerging markets, experts have a mixed opinion on business conditions. Last quarter, young brands and nike were cautious on china while General Mills saw strength on its earnings call. Management
Lower open the nasdaq looking as if it was opening. All getting upgrades merger monday, among them 5. 2 billion farm deal and talk about drama hbo go crashes during game of throwns and thea who may be pursuing regional programming. The biggest loser was the nasdaq. 2. 6 drop. Led by all of those names before the bell on friday, cr are amer warned you the selling was not over. That is a dichotomy that people at home need to worry about. The insiders need to have a price that they wont go. I was, i mean, you are pretty good. But that was really good. You saved people a lot of pain on friday. That was a nice lift. The list was false because there is a lot of funds that are on the wrong side of the trade. I think we should never invest in irony. It was something to have a caesar chicken wrap on my shoulder and a pizza on my other shoulder. What happened friday is the beginning of liquidation. It started earlier in the week. There are funds that are down a lot in selling. Check the headline
Qs which track are in negative territory. The big weight, one of the big weights is netflix. Down 25 in the past month. Its one of those stocks that move on no news, they move because they move. Today investors are paying a price. Sheila dharmarajan is at the nasdaq and is down the composite is down 3. 2 . Sheila . Ugly day here at the nasdaq. The composite and the 100 down by more than 2 . We just bounced off the session lows but keep in mind we are on track for one of the worst days we have seen at the nasdaq in two months. Heres whats amazing. This is a really broadbased selloff, not just biotechs or momentum names. It is weakness across the board here. If you take a look at the nasdaq 100, more than 90 of its members are in the red right now. So everyone is pushing the sell button on seemingly everything. Some particular pockets of weakness, though, got to talk about the biotech names. This is one of the groups that led the nasdaq up. Now today, the nasdaq biotech index is down by
Private label business. Were going to discuss whether this is good or bad for its bottom line and how will they compete in the private label wars . My partner sue on the floor of the New York Stock Exchange. Hi, ty. Thanks. The dow and s p are hovering near their record levels. Caught up on where the market stands. The Dow Jones Industrial average up about 20 points on the trading session, the s p up 2. 30. The nasdaq is strongest in terms of the percentage side to the upside at 12. One Hedge Fund Manager says now is the perfect time to short stocks. Here you have a bubble that is largely driven without fundamentals in certain areas and this crazy by fur cated market where you have cheap and expensive stocks inside the same sector. And when this easy money period ends and maybe even before as we see some of these fundamentals starting to soften you will have an opportunity to make a lot of money op the short side. Where is all the action when it comes to shorting this market . Lets go
Report at the bottom of the hour. Sue is at the new york stock exchange. Hi. Thank you. Stocks a little higher today but not really too much change. Just a day after the dow closed above the 16,000 mark for the first time ever. Lets take a look at where we stand. The Dow Jones Industrial average up 21 points, 16,31. 10. The s p up about 5 at 180154. The nasdaq up about 18 points at 3987. As stocks keep moving higher investors have been shrugging off all of the warning signs of a pullback. Dominic chu is going to take a closer look at those cautionary flags and how theyve panned out so far. Hi, dom. So yes, weve been telling you about these yellow or red flags that the signs that things may be due for a turn. We wanted to revisit a few to show you whether or not they have panned out and whether or not investors have cared. The first one is going to be about valuations. A lot of investors and traders say valuations are stretched, too high above their historical average. That means the ma