Merchandise at the market all at once without new money coming in, and we can have a very rude awakening. Its not necessarily easy to see especially on a day like this one. Dow did not keep points,. 08 and nasdaq lost. 95 sometimes the new supply is as invisible. We heard from beyond me, the revolutionary plant based companies that makes faux ha hamburgers, the stock got annihilated, down 22 today. I happen to love beyond meat the company. Ceo ethan browns stands for a clever concept the idea is that cows are a terrible Delivery System for protein, they add fat and cl cholesterol spewing methane all over here right to your plate, not here, the cow and then your plate. Got it beyond meats product is far from perfect but its a legitimate disrupter of the 1. 4 trillion meat industry. Growth is staggering, their sales have more than tripled theyre already turning a profit if beyond meat keeps growing at that pace, you can argue it deserves to be a multibillion Dollar Company and thats the
Sure it helped but we were roaring long before that, thanks in large part to efforts of two brilliant chief executive officers stocks were high dow and nasdaq and much comes to the performance of two stocks, cisco and walmart. Which pleasantly surprised us with their numbers these are both turnaround stories people nothing proves worth of a ceo like executing a turnaround. Doug mcmillon, took over three careers ago and led remarkable revolution at retail giant where 100 Million People shop each week, monster company. First thing he did, drop a bomb. Told us would spend as much as possible to take on amazon, seemed fanciful at the time but said do with service and better paid work force. Understood the weakness was keeping good people. Training new people is dead weight raised price they paid people. At the time viewed as heresy now seen as brilliant. Walmart still run with input of the walton family. They want to win phenomenal 50 online growth this company runs like walmart of old, th
If not now, then maybe at next months final fed gathering of 2016. Whatever the reason, stocks stumbled on this first trading day of november, and wall streets fear index, the vix, moved higher. So did gold prices. But the mexican pesos fell against the u. S. Dollar. Some see its value as a proxy for Donald Trumps white house chances. The better his odds get, the lower the pesos. Med day, the Dow Jones Industrial average broke below 18,000. The s p below 2,100. But the blue chip dow recovered some, still it ended down 105 points at 18,037. Nasdaq was off 35 and the s p 500 dropped 14. Bob pisani has more on todays stocks slide. Reporter its the first day of november, and normally this is a good time for stocks. November is the number one month for the dow and president ial election years, thats according to the Stock Traders al man ack and the period from november through april when the markets tend to strongly outperform from may to october. So why are the traders so miserable . Becau
If not now, then maybe at next months final fed gathering of 2016. Whatever the reason, stocks stumbled on this first trading day of november, and wall streets fear index, the vix, moved higher. So did gold prices. But the mexican pesos fell against the u. S. Dollar. Some see its value as a proxy for Donald Trumps white house chances. The better his odds get, the lower the pesos. Med day, the Dow Jones Industrial average broke below 18,000. The s p below 2,100. But the blue chip dow recovered some, still it ended down 105 points at 18,037. Nasdaq was off 35 and the s p 500 dropped 14. Bob pisani has more on todays stocks slide. Reporter its the first day of november, and normally this is a good time for stocks. November is the number one month for the dow and president ial election years, thats according to the Stock Traders al man ack and the period from november through april when the markets tend to strongly outperform from may to october. So why are the traders so miserable . Becau
Months final fed gathering of 2016. Whatever the reason, stocks stumbled on this first trading day of november, and wall streets fear index, the vix, moved higher. So did gold prices. But the mexican pesos fell against the u. S. Dollar. Some see its value as a proxy for Donald Trumps white house chances. The better his odds get, the lower the pesos. Med day, the Dow Jones Industrial average broke below 18,000. The s p below 2,100. But the blue chip dow recovered some, still it ended down 105 points at 18,037. Nasdaq was off 35 and the s p 500 dropped 14. Bob pisani has more on todays stocks slide. Reporter its the first day of november, and normally this is a good time f stocks. November is the number one month for the dow and president ial election years, thats according to the Stock Traders al man ack and the period from november through april when the markets tend to strongly outperform from may to october. So why are the traders so miserable . Because the fed and the election is ma