Financial news, analysis, and todays investment ideas. Good morning. Its thursday, november 15th. Im angela miles. In todays first look traders will likely react to earnings today from walmart and target after getting clues into how the consumer is holding up. Yesterday the market took a plunge. The dow fell nearly 200 points. Stocks dropped on fears washington will be slow to break out a workable budget, the fed hinting at the need for more stimulus, and air strikes in the middle east. Reports say the federal Housing Administration is close to running out of money reserves as mortgage delinquencies rise. Gm set a goal of producing a half million electric cars per year starting in 2017. And starbucks plans to buy teavana for 620 million in cash. Lets get the breakdown now on Market Action with Phillip Streible of rjo futures. Good to have you on the show. Good morning to you. And how significant was yesterdays selloff . It was fairly significant. I mean, we saw just no bounce whatsoeve
But first. Well start the day with matt shapiro, president of mws capital. Good to have you on the show today. Thanks angie. You are here to talk about the santa claus rally. That is the big rally that tends to happen between christmas and new years. I feel as though this market has just been the gift that keeps on giving all year long. So what do you anticipate this year . Profits have been booked. Its been a blockbuster year. Things are gonna quiet down and its gonna be tough for anybody to push the market either way but it has been those momentum stocks of course that people are gonna want in their portfolios as they look to 2014. A lot of that is whats behind the santa claus rally. Portfolio managers putting in the best stocks into their portfolio towards the end of the year in quiet and relatively thin markets. How should the average investor handle that . Its a good time to start picking through your portfolio and put together the package that you think is really gonna do well fo
Plus, well take a look at the advances parents are making to help their children become financially savvy. College costs continue to soar. Our guest is dishing out tips on cutting the expense. Why he says you dont have to be at the top of your class to find a top scholarship. And, let the holiday movie season commence. A review of some of the biggest and smallest flicks to hit the big screen in the coming months. Nonprofit organizations are facing a big dilemna many of their donors are elderly, in poor health and there are fewer of them each year, and there arent enough new donors to pick up the slack. In our cover story, how one nonprofit is using Business Strategies to make a difference. The privatelyfunded Pritzker Military library is one of chicagos bestkept secrets. Our biggest problem is no one knows were here. But the pritzker is changing that, promoting social media to participate in live presentations on subjects you might think would be of little interest to the connected gen
Direction from this fridays jobs data. The adp report out yesterday showed 175,000 jobs were added to payrolls in january below the predicted 180,000. Twitter tumble trouble. The social Media Company reported a wide loss in its first earnings report. Revenue rose but user growth was weaker than expected. The Stock Plunged 9 after the close. Green mountain stock grows shares surged 40 after earnings topped estimates and breaking news its signed a deal wtih coke for an at home beverage system bursting the bubble of investors in soda steam. At least for now. Scott shellady of trean joins us now for the lowdown on the market. Good morning to you. Good morning. With the jobs number coming out on friday stocks seem to just want to sell off. What do you think scott . Yesterday we basically settled kind of flat. I think what is really important is today and whether the ecb comes to our rescue. The hope pushed bonds lower and those yields higher thinking that something might be done but if we d
Electrifiying stock gained another 5 dollars yesterday. After hours the electric car Company Reported the battery factory its building could employ 65hundred locations under consideration are arizona, nevada, new mexico and texas. Jc penney reported less of a loss than predicted. Shares soard more than 7 . Janet yellen heads to capitol hill today. She will share her thoughts about the economy with the Senate Banking committee. Her appearance earlier this month was cancelled due weather. And theres rain to report in the west. Drought ravaged areas such as Riverside County calfornia are finally getting drenched trader todd horwitz of average joe options joins us now. Hes also watching the situation in the ukraine and russia. Will it have and effect on the stock market or perhaps the oil market. I think when you take a look at the ukraine situation as far as the stock market is concerned, i think it will have no effect. It may effect their market but i think our market it wont bother. How