Wall street set to extend the rally across the open. Fang stocks to the all time highs and amazon getting a key upgrade. And target boosts its outlook, shares are popping 4 in premarket, reporting stronger than expected sales for the Holiday Season. And looking out for kids, apple responding to activist pressure, the iphone maker promises new features to make the devices safer for children. Stocks are looking to ramp up the gains for the new year and the s p and nasdaq in the midst of a five section win streak all indexes did hit record interday highs and new higher high for fang this time yesterday. What can i tell you were having now that fang the different components are outrunning the price targets now the analysts have a new reason to say im raising my price target amazon and its going up because of the holiday p shopping this is all that relative high spirits game little dangerous candidly because when does it end when someones price target is finally reached. Right now were in t
Happens. Its totally lacking in rigger but it happens all the time around here and thats what throwing us off today sending the dow dipping, nasdaq loss 0. 14 . Let me explain what im talking about so you can see how a bullish situation gets turned into a bearish one by mepessimists who want it bo way. Sell, sell, sell. And sell, sell, sell. This morning we awoke to a story of how the chinese are cooling to them. Oh, boy, did that freak people out. Shares came in for sale at the opening because of the chinese perhaps dumping the treasury you know the dow is down 100 points in lightning speed on that one of the principle worries of Portfolio Managers there is no inflection in the yield curve meaning youre almost getting the same return from shortterm treasuries as you are from longer term ones that puts news a situation where we have whats known as a flat yield curve. Something that is often a precurser to a recession makes sense fed raises rates too quickly, falls off and the economy w
What do i mean by both fang and fang . Suddenly there are two of them . Where did that come from . Okay. You know my original acronym for facebook, amazon, netflix and google, which is now alphabet. But whats the other fang . Thats the growth oil stock, Diamondback Energy, which trades under the symbol fang. Diamondback is rooted in the colossal Permian Basin formation, and the company is growing its production with a 30 clip. With the price of oil charging back u 4 russia is willing to freeze production, something thats integral to getting crude to go higher, this growth oil stock is about as exciting relative to the other Natural Resource plays as fang is to the rest of tech. The story of two fangs. Lets back up a little, go over whats really driving this phase of the trump rally. In the first phase immediately upon trumps unlikely victory, we had a visceral rebound in the banks because whatever your political leanings, theres no denying that a Hillary Clinton win, which nearly every
Microsoft s stock rides AI elation toward first record close in two months The technology powerhouse is in the midst of its Build developer conference, featuring announcements around AI.
Microsoft s stock rides AI elation toward first record close in two months The technology powerhouse is in the midst of its Build developer conference, featuring announcements around AI.