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
Monday and mild upside in the markets this morning. Our road map with market highs, record close for the s p, futures pointing to that higher open. Caseshiller the data point today. How the sausage gets made, deals lost and launched. The latest, pilgrims pride unveils a 6. 4 billion offer for hillshire brands. And rosie the robot meet mac the computer. Apple set to unveil jetsonlike software for a smarter home. Your iphone coming soon as a Remote Control for your life. But first up, futures on the rise as each of the three major indices did enter the shortened trading week for the year. S p set to open at an intraday high closing above the 1900 level on friday as the u. S. Markets turned in their biggest weekly gain in over a month. After all the nashing of teeth this month, jim, dow and s p are on track for four straight months of gains. Were hanging on by a thread. Many people who came into this month thinking the earnings werent that good, a lot of fear built up, there were many siz
Im jim cramer. Welcome to my world. You need to get in the game firms are going to go out of business, and he nuts. Theyre nuts. They know nothing. I always like to say theres a bull market somewhere. Mad money, you cant afford to miss it. Hey, im cramer. Welcome to mad money. Welcome to cramerica. Other people want to make friends. Im just trying to save you money. My job isnt just to entertain but to teach you. Call me at 1800743cnbc. At the beginning of every new year, i like to nail down some themes, some themes that could be safe safe places to tread on down days like today where the dow sank 51 points, s p gave up. 31 , and nasdaq declin declined. 09 . These are themes that can withstand the test of circumstances around us, whether it be the upcoming debt ceiling fight or potential chaos overseas. Just or just the overall sense that our economy isnt creating the jobs we thought it would. [ heartbeat ] this show i thought it would be important to have big themes to fall back on. R
Hum without a mistake, because if your stock is expensive and caller okay, ive gotten involved with j. C. Penney, we it screws up, or even if another got involved, we thought it would be a hit. Stock in your cohort screws up, then its katie, bar the door. Got a base hit and we just as we saw today when the nasdaq was down due to guilt by association. Wanted to know is it a home run. Youre right. I hated it all the way down, and then when it got to 13 and ackman sold, i thought it could have a turn and i said buy it and then they did that Equity Offering and i dont want to touch it. So i think if the stock lifts at all you have to sell sell sell. Even as the dow rallied, too lets go to jake in new york. Much growth in the nasdaq. Consider this show on the eve of jake . Caller hey, jim, big booyah twitter, the Public Servant from here in new york. Announcement about anything less nice. Than flawless execution. One that extends to twitter and go ahead. We await the pricing, and well bring
Before ultimately closing in the red, dow giving up points, nasdaq losing. 29 . But we arent getting destroyed day after day either, though as you would expect from all the commentary, right . You would read that, hear it, you would think that all earnings have been uniformly terrible. Its not true. You know why the markets not getting killed so much . Because as much as we want to paint the earnings canvas with a brush of red ink, there are pockets of green that keep us from getting drubed badly here. Those pockets have one quality in common, execution. When i speak about execution, what i mean is some companies are winning even as others faced with similar circumstances are losing. Sell, sell, sell there are enough winners to keep the balls in the air and the bears at bay. And those winners are triumphing because theyre doing a better job in their daytoday business than the losers. The ceos are better, the companies are better. Hey, its just like sports teams. Some guys make the play