Taper timeline. When the fed might be getting ready to execute a new plan for the economy. In todays cover story. A look ahead at 2014, through the eyes of traders. Plus. Simple tips to investing in etfs. And. Why super bowl tickets are the hottest commodity. On wall street. Lets get down to business youre watching First Business financial news, analysis, and todays investment ideas. Good morning its wednesday, december 18th. Im angela miles. In todays first look stocks stall ahead of the Rate Decision and potential taper talk from the fed today. The dow, nasdaq and s p remained close to unchanged for the day. Gold shed 13 dollars and oil 38 cents. Amc raises the curtain on its ipo. The stock begins trading today, alternatives after pricing in 17, 18,19, 20,21 the ticker is amc. Triple aaa predicts 94. 5 Million People will travel during the holidays. Making it the 5th Straight Year of an increase of americans hitting the road and taking to the skies. And today is Free Shipping day mor
Scott bauer of trading advantage is standing by. Good morning scott. Good morning angie. You have your eyes on stocks to watch in 2014. Lets start with the financials. What would be your pick in that sector . The financials are really what have led this market higher in the past couple of years and now that weve already seen one tapering with more to come, rates are going higher and quite frankly the banks make money when rates go higher. I love Goldman Sachs, i love jp morgan, i love the entire Financial Sector so if you wanted to play it just on a macro basis, you can go into the etf or the xlf, but really goldman and jp morgan is what im watching. What would your play be on the consumer and Consumer Spending just for everyday goods . The Economic News has been pretty good. I like the Consumer Staples industry. I like the procter and gambles of the world. I like cocacola quite frankly. These consumer staple stocksthe ones that have just not really outshined the market but have just t
Friday closing at 15,761. Thats after the Labor Department reported 2o4,000 jobs were added to payrolls last month. Much better than expected. Although, the Unemployment Rate ticked up to 7. 3 along with the dows triple digit rally, the nasdaq gained 62 points, and the s p 24. Gold fell below 1,300 and oil inched up 11 cents. Reaction was especialy strong in the bond market. The 10 year treasury yield made the sharpest one day rise since july, on concerns the fed made slow its bond buying sooner rather than later. And, sac pleads guilty to Insider Trading charges. The firm will pay a record 1. 2 billion dollars. Mark sebastian of swan Wealth Advisors is keeping tabs of the market for us today. Good morning mark. Good to see you back on the show. Good morning. Will we see follow through from the jobs number in the market today . I think its entirely possible. Its a bank holiday, the bond markets closed. Expect volumes to be pretty light but i wouldnt be shocked to see a little push thro
Market. Its expected 200,000 people were added to payrolls and the Unemployment Rate will remain unchanged at 7 . The market was eerily quiet yesterday ahead of the jobs numbers. With the dow , nasdaq , s p gold and oil not straying far for the flat line. Alcoa had an earnings miss signaling what could become a rough start to earnings season. And are fortunes turning around for abercrombie and fitch . Hares jumped 15 last night in heavy volume after the retailer raised its outlook. Based on strong sales at the end of the year. Charles moon from trading advantages good to go this morning to talk with us about the jobs number expected today. 200 thousand jobs expected to be added to payrolls. So charles, what do you think here . I expect, you know, you look at the adp as a precursor to the nonfarm and the adp beat was pretty decent so i expect the same. I expect a beat on nonfarm. As far as in relation to the market well see how that really translates. We press lower off the adp news and
Ebays massive data breach is under investigation. Regulators in europe and in the u. S. Are currently investigating how hackers obtained access to the companys 145 million users. Speaking of investigators, dick tracys twoway wrist radio is about to be made by samsung and could be available in a month or two. The Worlds Largest smartphone sellers watchphone will be able to make and receive calls without being tethered to a smartphone. Might apple give us a peek at its smartwatch . One week to go before Apples Worldwide Developers Conference in San Francisco where such new goodies are announced. Apple shares hit their highest point in ayear andahalf, last week. A lot of us who just did a lot of driving over the holiday probably noticed gasoline prices are at their highest in a month. Daniel stecich, sr. V. P. Of athena Advisor Services joins us, hi dan hi how are you this morning . Im doing very well. So is this a seasonal rise or is it an indicator that traders think a lot more of us ar