Like a market rather than an Amusement Park ride. The dow gaining over 200 points and the nasdaq climbing 1. 6 im calling it a refreshing p e pace the options are hanging in i think because the market already crashed. People dont get it. We went from down 29,000 to down 18,000 in a couple of weeks. February and march were hideous. Its okay april gave us a little bounce package good stocks and the railroads and even a casino. Las vegas sands. I didnt know you could go to one. Next week is a tougher one household names have run up substantially. Its going to be a true test were going to here from nxp semi theyre a chip maker with a window to apple. Listen to what they have to pay. I think they have too much auto exposu exposure, but its worth focusing onto for insight into apple. Pepsico reports on Tuesday Morning. We know cocacola saw adecline on soda post quarter because the restaurants shut down. Even as home consumption was up. Pepsico is more diversitied. They own frito lay, and whe
Shares in Royal Dutch Shell drop as weaker prices hit the Second Quarter and profits fall to the lowest level in two years. And best in a decade barclays profits soar 80 in the first half as they hike its dividend our return on equity was 9. 3 so for the first half of the year it was over 9 , 9. 4 its probably the best statutory first half performance that barclays has had in nearly a decade and rio tinto shares come under pressure after the miners first half profits miss expectations despite a bumper special dividend we have a very decent Capital Allocation weve been implementing this for the last few years in terms of strength of balance sheet, in terms of investment in either growth project and returning cash to shareholders weve been doing that. Welcome to the Program European earnings season in full swing with key reports in the oil, mining, financial and industrial sectors shell its missed expectations reporting Second Quarter profit that fell 25 to a 30month low thanks in part t
Yarn about a letter hidden in plain sight that nevertheless cant be detected because people just arent looking for it in the right places. We see the same thing happens with this market pretty much every day now. Great bull stories passing unnoticed right in front of your eyes. Today was no different. Even as the dow dipped 16 points, s p declined 0. 16 , nasdaq actually closed up albeit fractionally. Let me give you some classic examples. When investors try to figure out why stocks should go up, they begin with the presumption that the United States is a service economy. Since twothirds of our Gross Domestic Product depends on individual spending. But heres the problem. The big time portfolio managers, they dont see any real strength in consumer spending. They dont see it with all the retail store they follow. They dont see it at the restaurants they cover. They dont see it in the home sales. They dont see it in the shopping center, shopping mall, or strip Mall Real Estate investment
Plummet plummeted. And the dollar turned around. Weak data out of the u. S. Earlier this morning. All kinds of moving pieces. One stock bucking the trend behind us at the New York Stock Exchange, go daddy. The stock prices last night above the expected range and traded for the first time today with a symbol gddy. The investors liking it as much as their racy commercials. Should investors go for go daddy even at these levels . You had a rather eventful morning. They took over the New York Stock Exchange. There was a huge crowd. You even had Danica Patrick doing pushups on the floor. Picture that. Doing pushups on the floor of the New York Stock Exchange. At the same time we were talking to the ceo. I will bring you some of those comments. Well check out the post. It has managed to hold its gains, 30 gain. Walmart inserting itself into a political controversy asking the governor of arkansas to veto a religious freedom bill. The governor sending the bill back to be rewritten. Well get to
Fido and friends. Were down to two dogs. Were thinking about it. Another German Shepherd . Possibly. When you get door stops or something you always get bookends. His and hers. So they can sit by the edge. Id like to get a brother. Of zara. Yeah what a dog. All right. Well talk a little bit about the Second Quarter. It begins today and the bulls are hoping it starts better than the First Quarter ended. It was a rough session yesterday down for the year by closing down about 200 points yesterday. This is the first down quarter in the last four for the dow. But they ended up. It was slightly higher. The nasdaq is on a nine quarter winning streak. Thats the longest winning streak ever going back to its inception in 1971. Check out the futures this morning and at this point they look like there are green arrows. S p futures up marginally and the nasdaq up by over 7 points. The stories, the big ones were watching today the deadline with the talks for iran have been extended by a day. Were s