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The next minute its good. Oils bad. Sell, sell, sell. Wait. Oils good. Buy, buy, buy. Housing is horrendous. The house of pain. Wait a second. Housing is fabulous. Transports are awful. Or maybe theyre terrific. Hallelujah perhaps we should dispense with these sectorbased labels and Start Talking about individual managements, individual companies, and execution. This earnings season weve seen a remarkable divergence in individual sectors, more than weve seen in 25 years. We believe stocks in the sectors should trade in unison, were missing important opportunities to earn the stocks of companies that are deliberate. Rather than etfs meant to capture broadbased moves. Those arent working. Weve become so conditioned to playing certain trends with certain stocks that we forget sometimes the facts about the actual companies can get in the way of the stories. You know why that is . Its because the performance of management varies tremend ....
Oils bad. Sell, sell, sell. Wait. Oils food. Buy, buy, buy. Housing is horrendous. The house of pain. Wait a second. Housing is fabulous. Transports are awful. Or theyre theyre terrific. Hallelujah perhaps we should dispense with the sector based labels and Start Talking about individual managements, individual companies, and execution. This earnings season weve seen remarkable d remarkable divergence in individual sectors in 25 years. We believe stocks in the sectors should trade in unison, were missing important opportunities to earn the stocks of companies that are deliberate. Rather than etfs meant to capture broadbased moves. Those arent working. Weve become candidate to playing certain trends with certain stocks we forget sometimes the facts about the actual companies can get in the way of the stories. You know why that is . Its because the performance of management varies tremendously from company to company. Some guys get i ....
At this hour, at least right now, there are some modest advances. Germany up by about 14 points. Ftse up by 8 points and in france, the cac up by about close to 10 points. In geopolitical news, we are watching the situation in ukrai ukraine. The Ukrainian Government warns a ceasefire with pro russian fighters would end tonight. If the two sides failed to reach a deal on lastminute talks. Meanwhile, there are reports of heavy fighting around separatist strong holds in the eastern part of that country. Its a situation we will continue to watch. Andrew, right now, baub back over to you. Dupont is cutting its Current Quarter and profit forecast. The company says sales in its agriculture and chemicals unit increased at a slower pace than expected. Nike, posted better than expected quarterly results. The company spent aggressively on marketing ahead of the world cup. Demand ....
Discussions is the fiscal cliff. The annual meeting of the securities trade group is taking place in new york today. And the looming risk the u. S. Economy is sure to be on the agenda of participants. Well be joined by a few of those this morning. Including gary gensler. Chet heick will also be joining us. On the lighter side of thing, well have a rock star among us this morning. Yeah, we mean this literally. Not just the rock stars we usually have. John popper of blues travelers will be joining us on set at 8 40 to talk about the business of music. But first, lets get over to joe. You have some breaking earnings news . I do. At about six numbers for dupont. Ill give you the one that is comparable to expectations. And that is 44 cents which is versus 46 cents for an estimate. But first the company said it posted a lot of a nickel from continuing operations. Then it said it was 32 cents excluding items. And then it said the bottom line was actually a penny, but excludeing everything, it ....