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CNBC Power Lunch July 13, 2024

There it is with the gains now approaching for netflix 5 lets get to bob for more on this big market rally. Bob. Its hard to believe but we have retraced 50 of the losses in the s p 500 from those numbers about towards the end of february towards the end of march 23rd that was the lows. We traced 50 of those lows. The biggest ones out there microsoft, apple, amazon, google, facebook this is more than 20 of the s p, these five. Apple shipped 2. 5 million phones into china last month. That was much higher amazon is sitting at a historic high when these five stocks move like this, everything will move everybody is looking for good news today roku suspended their guidance. Thats not good news they also had good number on their earnings and highlighted new account growth the stock is trading up. Thats a path people are looking at suspending guidance reserve building moves could be meaningfully higher in aggregate over the road we took. I think thats a welcome bit of reality about what the f ....

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