Nasdaq lost 1. 65 . The reality is it depends, there are thousands of stocks for earnings still matter and matter a lot. There are a handful of highprofile names where they dont seem to mean a thing i have a list of the most i impervious ones. These are seven companies where buyers dont care how the Underlying Companies are doing they just want to own the stock. In each case the thesis so powerful that it overwhelms any mundane. What matters is everyday seems like a buying opportunity where the stock is up or down. The first magnificent seven, netflix. I saw a story today how new york is opening up theaters today 50 per showing who wants that why not stayathome and watch netfl netflix. No one is going to go to the movies around the world which means netflix must be true regardless of what the company says on its report when it reports and reports tomorrow, i want you to wait until it reports if the stock goes down after it reports tomorrow, history says buy it anyway regardless of the
211,000 cases and 5400 deaths. It is Prime Minister Boris Johnson is facing a battle in the house of lords over his controversial plan to break International Law over brexit. Prime minister johnson has agreed to give the house of commons a veto over whether the government can exercise its proposed powers to override parts of the brexit agreement. He made a after meeting conservative mps who were threatening to rebel against him. The house of lords is expected to reject a bill by a large margin. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories from around the world we are following. Investors reacting to the feds signal it will leave rates near zero through at least 2023. Chairman powell striking a cauti
Its our call of the day. Investment committee is ready to go. Halftime report starts right now. It is great to have you with us to kick off the trading week. Joe, jim, steve, jenny, and adam. Stocks scratching out small gains here edging closer to new highs despite new concerns about the health of the Global Economy. And we begin with this seemingly calm market. It seems, folks like we are in a little bit of a news vacuum. We dont have trade talks for a couple of weeks and earnings season kicking off for a couple weeks. What do we do now . You seem skeptical, melissa. Shouldnt you not trust the calm i think the better question is for how long can you trust it to me and i have been consistent with this for a while, it all teeters on china. I dont think you should expect any news which is good for the markets right now. I dont think you should expect any news for two weeks because october 1 is the 70th anniversary of the communist party in china. I wasnt invited. Look, theyre not going t
Guy adami. Yes, mel. What is your take on this big surprise you know, dan, i and karen were talking before the show tim gets here typically with 40 seconds to hey. It is true. I said this quarter came out of nowhere and dan made fun of me as he typically does. The eps beat is extraordinary, beat on revenue. Good for them. Stock buy back operating margins 24 . I said to karen, i dont know, you can make this argument, i dont know if it is true or not. Google, alphabet may be cheap you now than with the move yesterday. To karens point she said to me, it might make more sense to buy it today, up 90, than at the levels it was. I havent gone through the mass, i dont know how much one would adjust the earnings up what is happening here is google was in the penalty box after the disappointing quarter that they reported last time, and they didnt seem to have either a grand handle on it or they werent they were not able to convey confidence that, you know, this was a temporary thing and that the
No matter how much you might be tempted otherwise, netflix today after that disappointing quarter. Just became the hard money on a day where the averages seesawed in response to earnings, s p gaining 3. 6 , you need to understand how a stock can go from easy house of pain to hard the house of pain and pin action from that particular move. Can rightly or wrongly impact a host of other names as Portfolio Managers try to wrestle with the consistent company that is suddenly become erratic. And that, ladies and gentlemen, is netflix look, we all know the story. Most of us love easy netflix they like lots of older programming to bring you in and add in brilliance to keep you hooked they can make some truly great stuff like Stranger Things the latest season has president been out for a month and already its been watched by 40 million households however netflix had truly heinous numbers. This they didnt grow subscribers in the u. S. , they lost thats the first time they lost since 2011 earning