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By and by down by the sleigh well wander, sweethearts you and i wait til the sunshines, nelly, by and by terrific. Merry christmas, everybody and one of the traditions is to bring children and grandchildren down on the floor. Theres a number of them here today. Tell me your name. Shannon youre the daughter of a retired member, right . Yes. His name . Michael spidaro do you know why the New York Stock Exchange is important . It makes new companies and businesses thats the right answer thanks mike, one of the big traders for gts does all of the Retail Stocks your work through the year, keeping the markets moving and keeping liquidity in the market. Thank you, bob. Merry christmas. Art cashin, 55 years, started almost this day, 1964. Thats correct. In the same book as John D Rockefeller and jpmorgan they were ju ....
I like it watch weeks later. Its relevant yeah. The wisdom. Absolutely. Global markets report lets check in on how were coming out of the overnight session. Looking at u. S. Equity futures the dow, s p a bit lower implied for the open same for the nasdaq. Coming off records again yesterday. How about overnight in asia. Well see how they react to the feds tightening yesterday which did not phase markets. The nikkei is up 0. 2 . I believe they had an earthquake in japan overnight as well the shanghai down about a quarter of a percent european equities, seeing how the theyre continuing, green pretty much across the board. France and italy leading the way with a half percent of gains ftse just a bit higher crude is coming off a flinday win streak you know, crude for wti is over 50 a barrel brent over 56 a barrel both down a quarter of a percent. Small declines for nat gas well talk about Hurricane Maria. Just thinking, japan, mexico, ....
It was indeed a benign selloff. Before i give you some examples, let me explain the concept of bids underneath because this is a technical term used by professional Money Managers. I want you to understand this stuff. These professional Money Managers have Actual Experience in buying and selling large chunks of stock. They dont just do the Analytical Research about why a stock should be liked or disliked. Thats what we usually talk about on mad money. Now im going to talk about trading mechanics. Stock sinks, there are people who are ready to stand there and do some buying. In short, buyers are lurking and theyre ready to pounce. How do you know theyre there . If youre an institutional trader, youre often asked for what is known as a picture, meaning what is ....
Some bids today for sure. I dont expect an announcement today or, frankly, anytime too soon. Frankly, the whole process has been a bit of kabuki theater, in my opinion, and i think if im sitting there and looking at bids, ill analyze those. Probably go back and forth if im bankers and the company, to those bidders. It also sounded to me, some bidders might have needed a little more time. I expect some bids today, analyze that. Maybe a week, two weeks, beginning of august. The only wild card, i think, could be if somebody lobs in a, you know, over the top bid and says, were going to give you 48 hours to react, but i dont expect that. How high do you think the winning bid will ultimately be . Suntrust bob peck, who you know well is talking about perhaps 6 billion. Is that likely . I think bobs done probably the best work from an analysts standpoint on this whole escapade. This notes have been, i think, right on. I expect the company to trade in the, maybe, 3. 5 billion to 4. 5 billion ra ....
Chegg, Inc. (NYSE:CHGG) Q4 2023 Earnings Call Transcript February 5, 2024 Chegg, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Greetings and welcome to Chegg Inc’s Fourth Quarter 2023 Earnings Conference Call. At this time, all participants are in […] ....