Amazon. Ie amazons itself created amazons selfcreated holiday. According to channel advisor, the 2016 sales on prime day are similar to what we saw in 2015. Not changedad been much on the day. We will get more details on the numbers later in the day. Based on the pace of buying so far, channel advisor does a indicate the u. K. That prime day cells were up 11 as of noon. Prime day sales were up 11 as of noon. Aazon aside, it has been strong day. The s p and now on track for record closes. The nasdaq has turned positive for the year. This action has continued to send valuations of the s p 500 higher. This is the pricetoearnings ratio of the s p, going all the way back to the 1950s. ,he green line is the average 16. 5. As we approach 20 here, we are trading well of love thats well above those levels. We are trading well above those levels. We see a rally in energy, southwestern, freeport copper and gold and Chesapeake Energy higher. Outcome coming up with earnings that Beat Estimates beca
Going from here. Opportunity in the rubble. We have an Energy Analyst who says there are stocks to buy in that sector if you have the stomach for it. He will tell you what they are coming up in a little while. Plus Venture Capital allstar jim breyer, he will join us live to give us his take on the current tech environment. But we begin with todays commodities swings, Jackie Deangelis is covering the action at the nymex, bob pisani is on the floor here at the New York Stock Exchange. First we tee it up with jackie. Jackie d. Good afternoon. Tea it up, you sure did. Oil prices bouncing between positive and negative territory today. We did close in the red, 37. 51 is where wti ended. I think that tells you where the sentiment was at the end of the day. Amid some confusion about if weve bottomed here or not. A 6 sell off brings people back into the market even if its just for that short term trade. What traders on the floor tell me is this, we dont just go down in a straight line, were goi
This stock market. Cant do it alone with the economy. We saw it this morning. In the glorious takeover hallelujah of Kinder Morgan by rich kinder himself and the s p is gaping 2. 8 and the nasdaq is jumping. There were many reasons for it to occur. First and foremost, rich kinder loves it when shareholders make money. And he alluded to that front and center this morning when i spoke to him on squawk on the street. But the main reason is that Kinder Morgan was having trouble growing because the cumbersome structure, the parent company, didnt let the business expand as quickly as it should. Even of course some great opportunities in oil and gas. The new streamline entity Kinder Morgan, inc. , which should be owned for the 2 dividend will give you a great play to play the north American Energy revolution renaissance. Kinder morgan will be the Third Largest energy company, better groat in dividend boost prospects than any other company not just in the oil patch but in the s p 500. Rich kin
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