House. And banks ahead of a slew of earnings reports today jp morgan and citi tomorrow before the open. 59 minutes left in the session sara and we are higher across the board. The banks stocks up close to 3 for some of them 3 up for the nasdaq. Best day for the nasdaq since april. Coming up, the ceo of ho logic plus we will speak with the council on Foreign Relations richard haas about how the handling of the pandemic in the United States is being viewed by the rest of the world and how it influences geopolitics first an update on the stories we are watching. Mike mike tracking the market action, ylan moi with the latest on the stimulus negotiations and more on the coronavirus treatments mike, what is driving this rally . Good question is it possible to have a low volume buying panic . Thats a little bit what it feels like today certainly the nasdaq doing most of the work. The big cap tech stocks. Look how it aektsds affects the 17ds it looks like an acceleration higher out of the trad
Nevine we could go with all three drivers, but if you are looking at the dow on track to close at a record a lot of Health Insurance stocks are helping take us there. Absolutely incredible the moves happening in these stocks. Theyve all really underperformed all year long because of all of what is going on in washington the rebate rule dismissal is really a very, very big deal because it would have made pbms extinct in the medicare world. Are you a buyer i am. I have been buying United Health care because the stock had fallen Something Like 25 from its december high, but even now down 13 from its highs. Trades at about 18 times forward system the real name to own, the levered one would be cigna, trading at a 40 discount to anthem, absurd, and they have the express skrip as a pbm the stocks are attractive, though and very under owned thats the real key here. Big moves in yields, ten year at 211 lots with stephanie to come over the next hour. Focus in on the big stories, bob is on record
To the amd desk end of the wednesday session. Sterling down against the dollar as is the norwegian krone. Bonds are falling. Cfo helenporate news, where is stepping down. That is a clothing retailer that is extolling rating court store closures. Urgency suggests the new chairman has stamped his authority on the retailer just two months into his tenure. Shares up 1. 5 today. They fell by 5. 3 , beating estimates. Boostingg cement, profit as the u. K. Misses out amid uncertainty caused by brexit. Shares up today. German makerman of building materials. Weaker emerging markets like donna, thailand, and egypt are passed their lowest point. In contrast, the u. K. Is a rare weak spot for heidelberg. Uncertainty for brexit curbing the demand for cement. The operator of food lion and stop shop plans to buy back to billion euros of shares after thirdquarter earnings Beat Estimates today, helped by cost savings from the merger. Today. Up 4. 8 90 minutes into the session in the u. S. , julie, how
That was two cents above estimates. Revenue slightly shy of consensus at about 17. 7 billion. The companys projecting samestore sales growth of about 4. 6 . For 2014. Not 4. 5 or 4. 7. I dont think theyve got that kind of visibility. But probably averaging it out. And it l announced a 21 Dividend Increase to 47 cents a share. And i know you might ask what is the dividend . What is the yield on home depot right now so i know whether thats a good yield . Its 1. 56, had been, and it was yielding 2 at that point. So a little bit over 2 . Whats that . Increasing at 21 . Could someone give a shot of so lets call it 2. 4 now, then. Excellent. Excellent. 47 cents a share. Its interesting, im just looking through the release. They dont say anything about weather because thats been one of the huge you think for them for all these retailers is what happens with weather, how it impacted you go to home depot to get stuff to fix your roof and to fix all the stuff that messes up because of the weathe
And spain. The roadmap goes like this gm motors Ceo Mary Barra on the hill to answer questions surrounding the companys controversial ignition switch recall. The s p and nasdaq looking to start down the road to a sixth consecutive gain as we head into the Second Quarter. The current fivequarter winning streak last accomplished way back in 2007. Activist investor starboard redoubling charges that dardens planned spinoff of red lobster is designed to benefit management over shareholders. If you see something fast, Say Something fast. Fbi launching an investigation, actually, it has launched an investigation already. We only learned about it, that it is looking in to High Frequency trading. Interesting how many stories have bubbled up on this suddenly. If we can get mary barra to talk about it, well have a collision of worlds collide. Shell have enough on her plate. Oh, my, this is big. Gm Ceo Mary Barra will be on capitol, and the hearings will focus on why they took more than a decade t