Find out why he thinks theres still time to ride peloton finally dont let the recent news make you antsy about playing alibaba. Professor coe helps you transfer out of etymology class it is time to risk less and make more options action starts now. Lets get to it retail racking up big gains with the xrtef outperforming the Broader Market by more than 5 as a number of names pulled out earnings beats but our chart master says it may be closing time for the retail space. Carter, what are you watching . We know that retailers typically report learning late in the cycle and we heard from almost all of them now and it has been quite good. So the question is, is it a bit too much lets look at a few charts and tables first, of course, the etf [ xrt ] is the spooitdr retail. You are talking about the bige names with walmart in there and tiffany, coastco and amazon, urban outfitter, it goes on and on look at a few tables first onemonth up 7. 3 . Look at the three month, next table. Up 11 1 2 ver
Moo its biden versus trump trump stock, trump stock. Both of which are going in surprising directions. If you you thought the election is over, the president is trying to do an end run around the results and fighting tooth to nail today the dow lost 222 point [ screaming the s p 500 declined points at 8 . Nasdaq dipped 2. 2 hey. I know it didnt feel like it was so bad but if you were in the nasdaq except for a couple of names, wow. They crushed it. Why dont we start there with next weeks game olympian . On monday morning we are coming in and, sadly, im betting we pass the 200,000 mark. Thats right 200 thousa,000 thousand cases an the virus is hurting business. If not monday, tuesday, wednesday, a question of when, not if i know there is a sense that we have had a big vshaped recovery which is terrific. But our inability to stop the spread is putting a crimp on business orders and retail sales. Just yesterday, work day, reported a solid quarter we have the coceos on the show but they me
The crude revival comes after opec agreed to extend production cuts through july and positive economic in demand is about to return to the market our chart master says the energy surge has gone too far too fast. Carter, take it away conceptually what we know is this is a poor market. Energy peaked in 2014 and obviously collapsed here with the covid news and has recovered. Lets look at a few charts and figure it out. The first, of course, is a table. If you look at the 10 gic sectors that compose the s p 500, obviously that which went down the most is often that which bounces the most you can see the stacking order here energy is up almost 100 followed by Consumer Discretionary up almost 60 largely driven by amazon, home depot, a few others. I understa industrial up 57 s p bringing the rear up 46. Lets look at two charts look at the xle, the etf captures all energy, dominated by chevron and exxon 40 plus percent weight the 22 to 44 what you can see clearly is were up against a fairly we
Test absolutely does have earnings coming out this coming week along with home depot. Carter, thanks so much come back over to the desk im going to send it out to mike whats the trade here if youre looking at lowes . Yeah, i think lowes is an interesting situation. First from a valuation situation, we had the market come back, but trading close to alltime highs lowes too trading close to alltime highs in price action but not earnings, 6 to 8 times earnings, thats expensive in the current context. When we look at names like this, whether its home depot or lowes, oftentimes people prefer home depot because they have a higher percentage of contractor business 40 of this comes from that where this is more individuals they have higher sales per square foot at home depot. The thing youd take a look at, take a look at the spread between the two in valuation thats right where it is on average. If you like the space im going along with carters technical view the thing you need to Pay Attention
Golden opportunity chris barone said this sector has been immune to market weakness hes going to tell us what it is. Later, were firing up the grill, because there a big Burger Battle brewing, three food stocks that have our traders licking their chops. Nice. Yes, like that . Hungry already we start with another rough day on wall street stocks falling across the board with the nasdaq and s p 500. Treasury yields tumbling the 30year note hitting its lowest level ever, like ever, and check out some previous high flying names like microsoft, apple, amd all pretty deep in the red today. So has the red hot momentum trade finally hit a giant red brick wall guys, the momentum names, those big tech plays, theyre over ill play your reindeer game. Ill say the answer is yes if you want a line in the sand, ill give it to you. It comes in the form of the tlt. Youve got to close above 150 even in the tlt which should make ten year yields, around 1. 4 , 1. 38, then the game is over you can hit a poin