rachel: that s rick. he is making tortillas. these are the aoc style, the ones she wants us, to way she wants us to make it. look at that, he s making to have tee a yas. tortillas. that s my tortilla press, by the way, i brought it in today. people might not know this about rick, he is an excellent cook that specializes many mexican cooking. pete: this is a fact. rachel: he s amazing. pete: he is. let s see what he can do in the green room on a hot plate. rachel: we had that big debate about corn or flour. he s making fresh tortillas for us. pete: you said you can t make electric stove tortillas. i prefer to heat hem over a flame. you have to make them like that when they re fresh on a skillet, but if you want to reheat them, they re nice over a flame. but the point i think you guys said you chose flour over corn. let s see if you try fresh corn tortillas, if you peel the same, because that s what rick is making. will: if i want a straight taco, it s a corn tortilla. if
Cant comprehend it. Sometimes youre dazzled by all the ways that this market gives you to make money. Big money. Today was one of those days. Dow climbing 78 points. S p gaining 0. 4 . Let me tell you how that money was made and then more importantly, plain the take aways from each win. Because i need you to understand that the gains in this market have been extraordinary. Why is that . Simple. Its because managements will not let up about their stocks being too cheap. They hate it and they keep doing something about it. Meanwhile, other companies are now coming in to buy the stocks of still other companies that they think the stock market isnt paying enough for and are worth a great deal more to an acquirer. And still other companies have so much growth that their stocks cant seem to do anything but go higher. House of pleasure. Lets start with everyones what everyone is buzzing about. The 85 hostile bid for time warner launched today by murdochs company. We all know that the companie
Tumbling 5. 6 and the nasdaq 4. 6 and underneath the averages, though are pockets of real ugliness that as a matter of fact genuine bear market action. We have sectors groaning in agony now and its worth wondering if you can even buy their dips the way successful Money Managers have operated for years now without taking on a the house of pain a gigantic amount of pain. Lets take the industrials. They got a nice pop this morning. Theyre a part of why the market opened up so well because a wellknown analyst had the hurj to come out and tell people to buy a group thats been going down pretty much every day. I called it a totally contrarian call because if youre buying, say, one of the stocks you recommended, caterpillar, then youre buying the stock of a company that reported a not so great quarter and has been going down pretty much every day since then until today when it closed up 45 senns, but was up much more earlier, largely in reaction to this brave analyst call. Until this earnings
Mixes. Costco short of expectations, and l brands highway. Bank of america nearlying a 17 billion settlement with justice. 21st century fox Beat Estimates as mur dork says he walked away, and one metric inspiring the ceo to pen a colorful post on facebook. First up, same store sales number trickling today, costco had a 5 rise, shy of expectations. Sharply above estimate of 1. 8. Bath and body works doing well, victorias secret, the most consistent retailer in america . L brands stumbled, and monthtomonth numbers are difficult. You know, Goldman Sachs said its the number one name, got to love it, greatest thic eses ese world. Thats not what you want going into a number. The bar raised needlessly. This is a company i felt was part of the limited family. Its better in another home, but its out there. People say you put costco together with whats happening, and polo, guidance aside, maybe apparel, jim, is trickling up a little bit. This is the call that i saw yesterday, deckers continues t
Rallied to record levels. S p climbing. 28 . By the way thats a 15year high. Yep. Bull markets take their cue from johnny mercer. As investors ak sen wait the positive eliminate the negative and dont short mr. In between. Lets start with some big winners. Last time we learned the u. S. Is investigating whether the gold market has been rigged by some of the Worlds Largest banks. Now, were all used to what happens after that news right . Immediately the targets get hit. And all too often the case one of them is the bank jpmorgan. Just when the stock looks like its going to break out we get this investigation. And like chuts and ladders this seemed like it was headed right back down into oblivion. Oh, but not in this market. Jpmorgan convenes an analyst e meeting and going to charge because under the new capital rules the company is penalized for too much capital. So the stock doesnt go down at all and looks flat before the openings. Some hoped jpmorgan might have split itself into easier