Nasdaq edged down 0. 07 . It may be hard to follow Interest Rates or politics, its a lot ease yore the bet on great themes if you want to make great money i had the great privilege to interview dave coaty, former ceo of honeywell, now an check tif with verfiv. Its a special acquisition company. This guys a phenomenal manager, consistently crushed the s p 500 when he was running honeywell, but when he retired and turned it over, many people he might be done running business. I was thinking he might be no not for cody its too much fun. He likes business too much he didnt quit he raised some money, looked around for a business that seemed to have the wind at its back, a business thats growing much faster than the broader u. S. Economy, thats not hostage to global trade or politics or the federal reserve. He came up with the data center. In particular data centers that can deliver Digital Information at lightning speeds. Stha that was his path. Why was he interested in this particular comp
If it closes up higher again today that will be eight days in a row of gains thats the first time the nasdaq would have done that since february of 2015 got a whole lot of earnings coming out that will very likely influence where we trade today look at the dollar dropping to a tenmonth low against a basket of currencies the euro rising above 1. 15 for the First Time Since maze of 2016 look overnight in asia the nikkei down by 0. 6 . Markets in china were higher with the hang seng up 0. 2 the shanghai up by 0. 3 . In europe, in the early trade, you will see dax is weaker down by a half percentage point. The cac is down by a third of a percentage point markets flat in london with the ftse sitting just fractionally higher lets get you through the big corporate story of the morning netflix shares soaring to new highs. The company added 5. 2 million new streaming customers in the Second Quarter thats 2 million more than wall street predicted most new subscribers came from foreign markets. T
Several big names set to report earnings this week including the likes of jp morgan alcoa, and city. Why it could lead stocks higher. Plus a rough day for tiffany. Why disappointing holiday sales are weighing bigtime on that luxury brand. And merger monday has two very big deals in the pharma sector. What big names are teaming up. First up though after a volatile week for stocks, the markets are bracing for the beginning of earnings season. Alcoa set to report after the bell tonight. Oil continues to fall after seven straight weeks in declines. Goldman slashing its threemonth forecast for brent from 80 to 42 and wti from 70 down to 41. The firm says it needs to stay near 40 for most of the year. Half of this year before it would keep capital sidelined. Actually theyve got a great count showing that its actually falling faster than it has in almost every other oil bear market. Well, it has to but at the same time when we keep seeing these Production Growth numbers that are out of these
Todays winners. Take a look at some of the big names in biotech, staging a comeback. Biogen, among others, leading the nasdaq 100 higher and speaking of health care, you got to take a look at Intuitive Surgical. Intuitive surgical shares, the best performing stock on the nasdaq 100 after its preliminary Fourth Quarter revenue beat street estimates. Then switch over to tech, because tech is the best performing s p sector providing market leadership. Google, expedia, apple, yahoo broadbased gains in tech. Tech is a sector favored to move higher in a rising rate environment. Lastly, social media, those stocks have had a couple volatile days. We are seeing facebook, twitter among others posting gains. Sue . Thank you very much, seema. The trading action here, we are just off the highs of the trading session but the big event in todays trading session is two hawks on the fed are making comments. Richard fisher will make comments shortly but mr. Plosser has made some comments and is talking