How retailers are shifting Sales Strategies online this Holiday Season then, questions over astrazenecas vaccine trial, what the ceo is saying this morning. And finally what a salesforce acquisition of slack means at this hour. Right back at you in terms of this market action, we have seen it a lot, mike in terms of the dows performance this month there has been some rotation lets start there. Somebody this morning saying aerospace is up 40 . Which frankly i did not necessarily know it has been that strong in that short amount of time does it continue in this rotation or do we have to watch this in last day, day and a half of trading there has been a stutter step in that rotation. We had a couple of these since march. One of them peaked in june now it has been very, very aggressive aerospace is part of the industrials group. Industrials fully kind of got back to precovid levels and the valuations of industrial stocks are well above where they were based on expected earnings eight month
153 points, nasdaq advanced 0. 19 . Well, then look no further than the stock of tesla this is an amazing market, but its always been an amazing Challenging Market individual investors, though, are back they now make up north of 20 , some say 25 of the action and theyve weathered everything from frightened, screaming billionaires to the nastiest president ial race in living memory to a horrifying Global Pandemic theyve steeled their hearts against the lack of Covid Vaccine or even a therapeutic. They arent oblivious to the incredibly high unemployment rate, yet they havent let it change their minds about trying to make money in the stock market whats the perfect symbol of that attitude . Tesla. Not the man, not the car, not even the company but the concept. A time our country feels it doesnt have much to root for and a world that hates us. I dont remember if no, i cannot remember a time in my life when we were this hated, and i lived through the Nixon Administration now, tesla reported
Unraveling the dow gained 131 and s p inched up but tech, yes, the tech heavy nasdaq declined. 60 . I say get used to this this kind of volatility is now here to stay i think september is the month this whole new investors who believe that stocks only go up, i think they get a rude awakening. Sure, long term stocks do go higher they have. They tend to do so but not long run, were also dead short term, when they go down, they go down hard. Which is why you need some cash on the sidelines cash king to treat these pull backs as buying opportunities and not be afraid. With that in mind, whats the game plan for next week . Housing is among the strongest groups thanks to low mortgage rates. Thats how lenar could rally 40 . I dont want to hear this gain is fake because the Federal Reserve is propping up the economy. When you take that money to the bank, they dont care. In our reports on money and after the close and unfortunately, i think the easy money here is made even though i think its a
QuantumScape, a startup backed by VW and Bill Gates, says its new solid-state batteries will enable electric cars to travel farther, charge faster, and last longer. The company’s batteries will appear first in Volkswagen vehicles by 2024.