When the market gives you a chance you got to do some buying, unless were talking about a stock and company thats in decline, then you got to take advantage of it. Critics today with all three major averages, record closes, dow gaining 85 points, s p gaining. And nasdaq climbing at 100 . You have to take the negative to get the best buys. That confuses a lot of people including you, so well explain it tonight why dont we start with the stock of apple not that long ago this stock had plummeted from 164 down to 150 why . Fears that the new iphone would bust now its back to 159. 88. I keep hearing, there was never anything wrong with apple the whole time but the stock got too heated then it got too hated in a compressed moment. When i asked obviously like a lot of other people so, i asked around and talked to many people i said what do you thinks happening here a bunch of me pointed me to an upgrade of key bank with the profits. I never thought its the acts in apple, meaning the acts is t
Get some good numbers from the companies. General electric the former industrial powerhouse, reported a terrible number and the stock cascaded down at first after candied talk with the new ceo it rallied s p climing 1. 5 nasdaq, equal 1. 3 , records. Why does this matter because i feel emboldened when we get a report like we did from General Electric and the other side come out unscaved some of them is because of the the benign back drop from washington when the senator agreed to move forward on tax reform still though, lots of companies with cash overseas that can be repatriated here as a low tax rate as part of this reform, some others take off with that in mind, lets go to our game plan for next week. On monday, we hear from iconic, the engineer portion of the old alcoa. This is a very important time for the stock because the company doesnt have a ceo its time something happened, give us a darn ceo here. Chemberly clark reports to do, an analyst put a sell on this stock this morning
First. But what if the definition of safety is changing right before our eyes what happens when whats prudent becomes what is reckless and what used to be reckless becomes responsible . That gentle viewer is exactly what were seeing in this market right now. Including today. Dow gained 71 points nasdaq declined. 11 but will change tomorrow when we see the reaction to huge quarters tonight. Right now it feels like were at beginning of first truly worldwide economic expansion since the 1990s. When i say worldwide, not china so strong can drag the world like a caboose i dont mean the euro zone is getting its act together or u. S. Is healthy enough to be the engine of Global Growth or russia, india, china are driving the bus. Im talking the whole darned thing doing better the planet, with the exception of venezuela when the entire Global Economy starts humming, you need to change the way you think about stocks its been a long time, ive been at this 40 years, you got to think about stocks d