Markets. Dow is up 181, 30,150, all three of the averages setting record highs today. Shannon, you have made some very interesting moves in your portfolio, both what you have trimmed and what you have added to first to what you have trimmed apple and microsoft. T tell me why. So really two different stories here, scott. First of all, ill start with microsoft. As i talked about on the show, this is our Largest Holding and remains a very high convince for us we still have a lot of confidence in azure and the endtoend software it offers but from a portfolio perspective, it was time to trim apple, weve seen a significant runup, 75 in the last year and we really feel like a lot of that has come on multiple expansion. Weve gone from about 15 times to about 27 times. Although we do believe in the services storyand the mo monetization, we think there are better opportunities we trimmed back from a market weight to an underweight were going to continue to hold the stock and maybe look for oppor
Steepening and broadening and a lot more this is one of those rallies that not only is taking people by surprise, but continues to roll and were seeing major gap ups i was mentioning on squawk major gap ups in the morning more of the 1980s action and its very interesting because stan talked about his views of the 1980s and theyre pertinent as ever. We have incredible and we have a president who wants new highs and we have stocks that are recovering well ahead of the fundamentals but some people can say that is what should happen look at the airlines we are hhad some numbers from pl lebeau and almost as if people decided covid is over and its a vshape rally and you better get on board and that makes you a little uncomfortable. Well, i just think that the friday rallies, as sweet as it was off the unemployment number has not put out any sellers, carl and i often think that there have to be sellers at a certain level. I mean, can you really take the banks up so much when there was so much
Before rebounding to finish up almost 5 , recouping half of the losses from mondays 2,000 point selloff. Jim, remember when we couldnt get a 1 move la last 12 sessions, s p moved 3. 5. The market feels broken to me not a lot of liquidity many things happening at night youll see the Interest Rates go down at night. Then suddenly the s p is having a nightly session. We have to play by that tune i get it theres i want to say theres not panic. People want to get out if there were people, you would see endless downing endless down you could say buyers will come in i was listening to jim paulson before, he sees a lot that he would like i dont. You dont no. I like utilities i like the drug companies, i like the highest growth tech, teledoc. The rest sell to you people are buying Royal Caribbean right here as if its like a buying opportunity. A lot of people using the term buying opportunity, b. O. , for things no. No, to b. O. As you might expect, people are focusing on the credit markets and
Of Esteghlal Club and 320 billion tomans for persepolis club, was finalized today, and we hope that this will be finalized on wednesday in an official ceremony attended by the honorable minister of sports and youth. Notices according to mr. Khandozi, the value of this assignment is 6 thousand billion tomans and the Repayment Period is 6 months and in the form of purchases. Considering that 10 of the transaction must be paid in cash and 90 of it will happen in installments, this cash part of it was decided today, the part related to installments within the 6month deadlines that both banking and Persian Gulf Petrochemical Holding will do will occur. In the fourth week of april, more than 941 billion tomans of current and industrial profits were transferred to the shareholders accounts. According to the announcement of the Deposit Company in this period of time , more than 387,000 shareholders have deposited 113 billion and 963 million tomans in the Central Investment Company Using the se
Im wilfred frost. Good morning from me as well. Lets check on the markets this morning. We eked out gains yesterday. Eked is the right word. Eked just barely moved. You can see the action is minor again this morning, but we are seeing green arrows on the screen. Dow futures up 15. S p up almost three. Nasdaq up 5. 5. Tech as you mentioned has been the outperformer. 10year treasury yield. Lower yields have really happened lately. We are seeing lower yields again. Weve come off 1. 57 where we were yesterday. Buying of treasury, buying on stocks both assets rising in tandem. This is a global fe no, maam non. European equities lets have a look at those. Pretty much flat to mixed today. Good start to the week. We did have a decedent performance in asia and europe. Today you can see a little more mixed. Germany down. Germany into bull market territory. Yesterday up 20 from february lows. Of course a bumpy ride since february to get the gains since june. Entered bull market yesterday. The ban