Cramer: ‘I don’t trust this market at all’ because it’s so dependent on Trump tweets

“I don’t trust this market at all,” Cramer warned on “Squawk on the Street” as stock futures pointed to a higher Wall Street open, which in fact came to pass through the morning. Cramer said he was troubled by Trump’s barrage of tweets Tuesday, calling them “a little erratic,” including the one about the Federal Reserve. Trump is “really disturbing the zeitgeist of the stock market,” Cramer said. However, in light of the uncertainty around Trump’s new tweets, Cramer on Tuesday advised investors


“I don’t trust this market at all,” Cramer warned on “Squawk on the Street” as stock futures pointed to a higher Wall Street open, which in fact came to pass through the morning. Cramer said he was troubled by Trump’s barrage of tweets Tuesday, calling them “a little erratic,” including the one about the Federal Reserve. Trump is “really disturbing the zeitgeist of the stock market,” Cramer said. However, in light of the uncertainty around Trump’s new tweets, Cramer on Tuesday advised investors
Cramer: ‘I don’t trust this market at all’ because it’s so dependent on Trump tweets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: matthew j belvedere
Keywords: news, cnbc, companies, trumps, stock, worth, sp, trump, trust, dependent, wall, tweets, cramer, street, dont, market, 500


Cramer: 'I don't trust this market at all' because it's so dependent on Trump tweets

CNBC’s Jim Cramer voiced concern about the staying power of the stock market’s bounce Tuesday following President Donald Trump’s latest tweetstorm on China trade and Monday’s sharp decline.

“I don’t trust this market at all,” Cramer warned on “Squawk on the Street” as stock futures pointed to a higher Wall Street open, which in fact came to pass through the morning. “[Trump] has made it so we got to wait to be able to buy.”

Cramer said he was troubled by Trump’s barrage of tweets Tuesday, calling them “a little erratic,” including the one about the Federal Reserve.

Trump is “really disturbing the zeitgeist of the stock market,” Cramer said. “He should knock the tweets off if he wants the Dow to start going up, at least today.”

On “Mad Money” on Monday evening — after the Dow Jones Industrial Average and the S&P 500 each lost about 2.4% on China’s tariff response to last week’s U.S. hike — Cramer said Wall Street is nearly oversold and investors should get ready to load up on names that can withstand higher tariffs.

However, in light of the uncertainty around Trump’s new tweets, Cramer on Tuesday advised investors to let things shake out, saying there may be a buying opportunity in stocks later in the session.

In late morning trading, the S&P 500 was making up about half of Monday’s losses, which had sent the index down for a total of nearly 5% from its May 1 intraday all-time high. So far in 2019, the S&P 500 has gained about 13% — and since the crushing Christmas Eve 2018 low, the index has soared more than 20%.

On Monday, China said it will raise tariffs, some to as high as 25%, on $60 billion in U.S. goods, in retaliation for the Trump administration’s decision last week to increase duties on $200 billion worth of Chinese products from 10% to 25%.

Meanwhile, the Office of the U.S. Trade Representative is taking steps to prepare to slap tariffs on the remaining billions and billions of dollars worth of Chinese goods coming into the U.S.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: matthew j belvedere
Keywords: news, cnbc, companies, trumps, stock, worth, sp, trump, trust, dependent, wall, tweets, cramer, street, dont, market, 500


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As S&P 500 sits at a record, nearly a quarter of stocks are still stuck in a bear market

“I would advise investors not to dive into the bargain bin at this point in the market cycle with valuations where they are and with the S&P 500 hitting higher highs,” Morganlander said Wednesday on CNBC’s “Trading Nation. ” The S&P 500 has surged 25% off a late December bottom and scored its best start to a year since 1987. “That’s trading at a steeper discount in relationship to the S&P 500. You get consistent cash flow companies in that index, companies that have very little debt and also the


“I would advise investors not to dive into the bargain bin at this point in the market cycle with valuations where they are and with the S&P 500 hitting higher highs,” Morganlander said Wednesday on CNBC’s “Trading Nation. ” The S&P 500 has surged 25% off a late December bottom and scored its best start to a year since 1987. “That’s trading at a steeper discount in relationship to the S&P 500. You get consistent cash flow companies in that index, companies that have very little debt and also the
As S&P 500 sits at a record, nearly a quarter of stocks are still stuck in a bear market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: keris lahiff
Keywords: news, cnbc, companies, nearly, sits, trading, quarter, stuck, index, 500, market, line, morganlander, companies, baruch, sp, etf, highs, record, stocks, bear


As S&P 500 sits at a record, nearly a quarter of stocks are still stuck in a bear market

Not all stocks have joined in on the S&P 500’s move back to records.

Nearly one-quarter of its components are still at least 20% from 52-week highs even as the underlying index has hit fresh all-time peaks. Stocks like Macy’s, Activision, Nvidia and FedEx are performing even worse, tumbling 30% or more from 52-week highs.

Chad Morganlander, portfolio manager at Washington Crossing Advisors, warns not to get lured in by what appears like a discount.

“I would advise investors not to dive into the bargain bin at this point in the market cycle with valuations where they are and with the S&P 500 hitting higher highs,” Morganlander said Wednesday on CNBC’s “Trading Nation. ”

The S&P 500 has surged 25% off a late December bottom and scored its best start to a year since 1987. It now trades at nearly 17 times forward earnings, up from a 14 times multiple at the beginning of the year.

“What I would suggest investors do is broaden out their investment thematic. Look at the dividend aristocrats index, for example,” said Morganlander. “That’s trading at a steeper discount in relationship to the S&P 500. You get consistent cash flow companies in that index, companies that have very little debt and also there’s a chance for having income growth there.”

The S&P dividend aristocrat ETF is up 12% this year, underperforming the S&P 500’s 16% increase. The ETF’s top components include high-dividend payers such as 3M, Coca-Cola, Colgate-Palmolive, Dover and Procter & Gamble.

“We think overall, over the next 12 to 18 months those types of companies, that type of thematic will perform well in relationship to the broader market indices,” said Morganlander.

Some of the worst performers have held up in the face of sharp downturns, though, according to Bill Baruch, president of Blue Line Futures. Macy’s, for example, has stayed above a support line more than a decade old.

“If you look at a trend line going back to 2008, it’s been constructive and it’s held it so on a longer-term basis there is value in the mid-$20s,” Baruch said Wednesday on “Trading Nation.” “But ultimately if you are buying down here, your time frame has to be long term because there is some very strong overhead resistance from the high of the year.”

“I also want to focus on Nvidia which is well off its highs and really hasn’t participated in a broader rally,” said Baruch. “There is a gap from the Nov. 15 earnings and that right there is going to provide strong overhead resistance. It’s had a good trend up until where it stalled near this gap.”

Instead, Baruch said it’s better to hedge your bets and spread risk across the semis space by looking to the SOXX semiconductor ETF. He sees more upside after the ETF broke above $200 in early April.


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: keris lahiff
Keywords: news, cnbc, companies, nearly, sits, trading, quarter, stuck, index, 500, market, line, morganlander, companies, baruch, sp, etf, highs, record, stocks, bear


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Elon Musk to investors: Self-driving will make Tesla a $500 billion company

Elon Musk, chief executive officer of Tesla Inc., smiles while speaking to members of the media outside federal court in New York, U.S., on Thursday, April 4, 2019. According to two invitees who attended the call, CEO Elon Musk talked up Tesla’s self-driving strategy right off the bat, expanding what he and other execs said at a recent event for investors that the company dubbed “Autonomy Day. ” Musk confidently told investors on the call that autonomous driving will transform Tesla into a compa


Elon Musk, chief executive officer of Tesla Inc., smiles while speaking to members of the media outside federal court in New York, U.S., on Thursday, April 4, 2019. According to two invitees who attended the call, CEO Elon Musk talked up Tesla’s self-driving strategy right off the bat, expanding what he and other execs said at a recent event for investors that the company dubbed “Autonomy Day. ” Musk confidently told investors on the call that autonomous driving will transform Tesla into a compa
Elon Musk to investors: Self-driving will make Tesla a $500 billion company Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: lora kolodny
Keywords: news, cnbc, companies, selfdriving, tesla, company, musk, 500, billion, teslas, elon, vehicles, investors, raise


Elon Musk to investors: Self-driving will make Tesla a $500 billion company

Elon Musk, chief executive officer of Tesla Inc., smiles while speaking to members of the media outside federal court in New York, U.S., on Thursday, April 4, 2019.

Citigroup and Goldman Sachs, who are underwriting Tesla’s latest effort to raise $2 billion in new funds, held a “broad investor call” on Thursday, where CEO Elon Musk and CFO Zach Kirkhorn answered brokers’ questions about their plans for the electric vehicle maker.

According to two invitees who attended the call, CEO Elon Musk talked up Tesla’s self-driving strategy right off the bat, expanding what he and other execs said at a recent event for investors that the company dubbed “Autonomy Day. ”

Musk confidently told investors on the call that autonomous driving will transform Tesla into a company with a $500 billion market cap, these people said. Its current market cap stands around $42 billion. He also said that existing Teslas will increase in value as self-driving capabilities are added via software, and will be worth up to $250,000 within three years.

The call came as the company is looking to raise $650 million in equity and $1.35 billion in convertible bonds. Filings indicate that Tesla plans to use the capital for general corporate purposes. On the call, Musk said Tesla would be able to fund its business needs through cash flow, but that it was wise to have a buffer in case of a recession or weak global auto demand.

Kirkhorn reminded investors on the call that nothing has changed in Tesla’s outlook for Q2. The company still expects to deliver 90,000 to 100,000 vehicles in the second quarter, and 360,000 to 400,000 vehicles total this year.

On an unadjusted basis, Tesla lost $702.1 million, or $4.10 a share, during the first quarter of 2019. The company’s shares rose more than 4% on Thursday following the announcement of the new funding solicitation, but remain down more than 25% year to date.


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: lora kolodny
Keywords: news, cnbc, companies, selfdriving, tesla, company, musk, 500, billion, teslas, elon, vehicles, investors, raise


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S&P 500 could pop another 15% on top of recent new highs, says closely followed strategist

Wall Street veteran Jim Paulsen believes stocks could continue to surge well past their recent recovery to the all-time highs that were last seen before the late-2018 market collapse. With first-quarter earnings season about halfway done, 77% of companies beat those lower expectations, 6% met and 17% missed. “As we get into summer and start reporting second-quarter earnings, we’ll have not … ‘much better than feared’ but maybe just good, better earnings,” argued Paulsen, saying 3,400 on the S&


Wall Street veteran Jim Paulsen believes stocks could continue to surge well past their recent recovery to the all-time highs that were last seen before the late-2018 market collapse. With first-quarter earnings season about halfway done, 77% of companies beat those lower expectations, 6% met and 17% missed. “As we get into summer and start reporting second-quarter earnings, we’ll have not … ‘much better than feared’ but maybe just good, better earnings,” argued Paulsen, saying 3,400 on the S&
S&P 500 could pop another 15% on top of recent new highs, says closely followed strategist Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: matthew j belvedere
Keywords: news, cnbc, companies, highs, recent, closely, paulsen, record, 500, better, months, 15, pop, worry, sp, second, strategist, stocks, followed, earnings, strength


S&P 500 could pop another 15% on top of recent new highs, says closely followed strategist

Wall Street veteran Jim Paulsen believes stocks could continue to surge well past their recent recovery to the all-time highs that were last seen before the late-2018 market collapse.

“The second driver for this rally in the second half of the year” could be “better earnings” in addition to continued strength in the economy, the chief investment strategist at Leuthold Group told CNBC on Monday, following the S&P 500’s fresh all-time closing high Friday. The index Tuesday logged its first record since September. So far in 2019, the index was up more than 10%, including a new intraday high Monday.

Paulsen characterized corporate earnings for the first three months of 2019 as “much better than feared,” pointing out the earnings recession that many were concerned about at the beginning of the year did not and likely won’t materialize. With first-quarter earnings season about halfway done, 77% of companies beat those lower expectations, 6% met and 17% missed.

“As we get into summer and start reporting second-quarter earnings, we’ll have not … ‘much better than feared’ but maybe just good, better earnings,” argued Paulsen, saying 3,400 on the S&P 500 could be a real possibility. That would represent a 15% advance from Friday’s record finish and a whopping 44% premium to the index’s bruising low on Christmas Eve.

Last Monday, Paulsen put out a note that argued the market’s so-called Worry Gauge shows that, despite this year’s strength, investors remain really scared. And, perhaps counterintuitively, that could drive stocks higher.

Looking at stocks’ forward performance since 1970, when the Worry Gauge was in the top quintile, as it is now, the S&P 500 pulled off an 18.48% annualized return within three months, or 4.33% nonannualized, Paulsen wrote. What’s more, there has only been a 25% chance of a loss within 13 weeks, he added.


Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: matthew j belvedere
Keywords: news, cnbc, companies, highs, recent, closely, paulsen, record, 500, better, months, 15, pop, worry, sp, second, strategist, stocks, followed, earnings, strength


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S&P 500 reaches all-time high, but gains limited ahead of big earnings

The S&P 500 reached an all-time high on Monday, but the session’s gains were kept in check as investors braced for a busy week including a flurry of corporate earnings reports, economic data and an announcement from the Federal Reserve. Financials led the gains in the S&P 500, climbing 0.9%. Bank of New York Mellon and Citigroup were among the best performers in the sector, rising about 2% each. The tech-heavy Nasdaq Composite also hit an all-time high, rising 0.2% to 8,161.85. “This may be the


The S&P 500 reached an all-time high on Monday, but the session’s gains were kept in check as investors braced for a busy week including a flurry of corporate earnings reports, economic data and an announcement from the Federal Reserve. Financials led the gains in the S&P 500, climbing 0.9%. Bank of New York Mellon and Citigroup were among the best performers in the sector, rising about 2% each. The tech-heavy Nasdaq Composite also hit an all-time high, rising 0.2% to 8,161.85. “This may be the
S&P 500 reaches all-time high, but gains limited ahead of big earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: fred imbert
Keywords: news, cnbc, companies, 500, rising, alltime, best, limited, reaches, high, gains, week, terms, earnings, ahead, york, sp, big


S&P 500 reaches all-time high, but gains limited ahead of big earnings

The S&P 500 reached an all-time high on Monday, but the session’s gains were kept in check as investors braced for a busy week including a flurry of corporate earnings reports, economic data and an announcement from the Federal Reserve.

The broad index gained 0.1% to 2,943.03, breaking the previous record high set in September. Financials led the gains in the S&P 500, climbing 0.9%. Bank of New York Mellon and Citigroup were among the best performers in the sector, rising about 2% each.

The tech-heavy Nasdaq Composite also hit an all-time high, rising 0.2% to 8,161.85. The Dow Jones Industrial Average closed 11.06 points higher at 26,554.39 as Goldman Sachs outperformed.

“This may be the busiest week of everything in terms of catalysts,” said Art Hogan, chief market strategist at National Securities. “It makes sense for us to be sideways heading into that at best.”


Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: fred imbert
Keywords: news, cnbc, companies, 500, rising, alltime, best, limited, reaches, high, gains, week, terms, earnings, ahead, york, sp, big


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S&P 500 and Nasdaq close at record highs after strong GDP report

The S&P 500 and Nasdaq Composite closed at record highs on Friday as better-than-expected economic data offset a mixed batch of corporate earnings. The S&P 500 climbed 0.5% to 2,939.88, an all-time closing high. The tech-heavy Nasdaq ended the day up 0.3% at 8,146.40. The Dow Jones Industrial Average rose 81.25 points to 26,543.33 and closed 1.5% below its all-time high. First-quarter gross domestic product was 3.2%, the Commerce Department said on Friday, topping the consensus economist estimat


The S&P 500 and Nasdaq Composite closed at record highs on Friday as better-than-expected economic data offset a mixed batch of corporate earnings. The S&P 500 climbed 0.5% to 2,939.88, an all-time closing high. The tech-heavy Nasdaq ended the day up 0.3% at 8,146.40. The Dow Jones Industrial Average rose 81.25 points to 26,543.33 and closed 1.5% below its all-time high. First-quarter gross domestic product was 3.2%, the Commerce Department said on Friday, topping the consensus economist estimat
S&P 500 and Nasdaq close at record highs after strong GDP report Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-26  Authors: fred imbert
Keywords: news, cnbc, companies, 500, techheavy, report, topping, strong, betterthanexpected, alltime, gdp, jones, dow, closed, highs, nasdaq, record, sp, close


S&P 500 and Nasdaq close at record highs after strong GDP report

The S&P 500 and Nasdaq Composite closed at record highs on Friday as better-than-expected economic data offset a mixed batch of corporate earnings.

The S&P 500 climbed 0.5% to 2,939.88, an all-time closing high. The tech-heavy Nasdaq ended the day up 0.3% at 8,146.40. The Dow Jones Industrial Average rose 81.25 points to 26,543.33 and closed 1.5% below its all-time high.

First-quarter gross domestic product was 3.2%, the Commerce Department said on Friday, topping the consensus economist estimate of 2.5%, according to Dow Jones. An increase in exports drove the better-than-expected number.


Company: cnbc, Activity: cnbc, Date: 2019-04-26  Authors: fred imbert
Keywords: news, cnbc, companies, 500, techheavy, report, topping, strong, betterthanexpected, alltime, gdp, jones, dow, closed, highs, nasdaq, record, sp, close


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Dow futures edge lower as investors await Facebook, Microsoft earnings

U.S. stock index futures were slightly lower Wednesday morning, as market participants looked ahead to another deluge of corporate earnings. ET, Dow futures slipped 17 points, indicating a negative open of more than 28 points. Futures on the S&P and Nasdaq were both seen marginally lower. Market focus is largely attuned to earnings season, after better-than-feared figures from major companies in the previous session helped the Nasdaq and S&P 500 indexes reach record closing highs. But stocks qui


U.S. stock index futures were slightly lower Wednesday morning, as market participants looked ahead to another deluge of corporate earnings. ET, Dow futures slipped 17 points, indicating a negative open of more than 28 points. Futures on the S&P and Nasdaq were both seen marginally lower. Market focus is largely attuned to earnings season, after better-than-feared figures from major companies in the previous session helped the Nasdaq and S&P 500 indexes reach record closing highs. But stocks qui
Dow futures edge lower as investors await Facebook, Microsoft earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: sam meredith
Keywords: news, cnbc, companies, futures, worst, closing, nasdaq, dow, investors, trade, 500, sp, points, edge, lower, uschina, microsoft, await, earnings, turned, facebook


Dow futures edge lower as investors await Facebook, Microsoft earnings

U.S. stock index futures were slightly lower Wednesday morning, as market participants looked ahead to another deluge of corporate earnings.

At around 02:45 a.m. ET, Dow futures slipped 17 points, indicating a negative open of more than 28 points. Futures on the S&P and Nasdaq were both seen marginally lower.

Market focus is largely attuned to earnings season, after better-than-feared figures from major companies in the previous session helped the Nasdaq and S&P 500 indexes reach record closing highs.

Tuesday’s move toward an all-time closing high comes less than six months after a sharp decline in late December, which led the S&P 500 to its worst annual performance since 2008. But stocks quickly turned around as the Federal Reserve reversed course on monetary policy while the tone around U.S.-China trade talks improved.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: sam meredith
Keywords: news, cnbc, companies, futures, worst, closing, nasdaq, dow, investors, trade, 500, sp, points, edge, lower, uschina, microsoft, await, earnings, turned, facebook


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These stocks are the biggest winners in the market’s incredible rebound back to a record

Stocks have come all the way back to a record, ending one of their fastest and fiercest round trips in history. Strong earnings pushed the S&P 500 to a record close Tuesday. The index surged nearly 600 points in the span of four months, from a Christmas Eve low of 2,351.10 all the way to 2,933.68 at Tuesday’s close. The comeback is being led by the technology sector, the best performer among S&P 500 sectors with a nearly 37% gain since Christmas Eve. The consumer discretionary and industrial sec


Stocks have come all the way back to a record, ending one of their fastest and fiercest round trips in history. Strong earnings pushed the S&P 500 to a record close Tuesday. The index surged nearly 600 points in the span of four months, from a Christmas Eve low of 2,351.10 all the way to 2,933.68 at Tuesday’s close. The comeback is being led by the technology sector, the best performer among S&P 500 sectors with a nearly 37% gain since Christmas Eve. The consumer discretionary and industrial sec
These stocks are the biggest winners in the market’s incredible rebound back to a record Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: yun li
Keywords: news, cnbc, companies, markets, sectors, trips, tuesdays, 500, winners, sp, way, eve, nearly, stocks, rebound, biggest, incredible, record, christmas


These stocks are the biggest winners in the market's incredible rebound back to a record

Stocks have come all the way back to a record, ending one of their fastest and fiercest round trips in history. Here are the front-runners in this epic comeback.

Strong earnings pushed the S&P 500 to a record close Tuesday. The index surged nearly 600 points in the span of four months, from a Christmas Eve low of 2,351.10 all the way to 2,933.68 at Tuesday’s close.

The comeback is being led by the technology sector, the best performer among S&P 500 sectors with a nearly 37% gain since Christmas Eve. The consumer discretionary and industrial sectors have also scored returns of more than 30% since the late-2018 plunge.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: yun li
Keywords: news, cnbc, companies, markets, sectors, trips, tuesdays, 500, winners, sp, way, eve, nearly, stocks, rebound, biggest, incredible, record, christmas


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The stock market is back at new highs, but champagne corks aren’t popping on trading desks

The large beats on earnings from companies as diverse as Lockheed Martin, United Technologies, Pulte and Whirlpool are propelling the S&P 500 to a new high. This is all good news, but if you think Wall Street is celebrating, try calling around on a trading desk: you won’t hear any champagne corks popping. Consider:1) With the S&P 500 sitting an historic high, there are only 13 stocks in the S&P 500 at new highs. The market is being pushed up by a small group of super-performers–so traders belie


The large beats on earnings from companies as diverse as Lockheed Martin, United Technologies, Pulte and Whirlpool are propelling the S&P 500 to a new high. This is all good news, but if you think Wall Street is celebrating, try calling around on a trading desk: you won’t hear any champagne corks popping. Consider:1) With the S&P 500 sitting an historic high, there are only 13 stocks in the S&P 500 at new highs. The market is being pushed up by a small group of super-performers–so traders belie
The stock market is back at new highs, but champagne corks aren’t popping on trading desks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: bob pisani
Keywords: news, cnbc, companies, sitting, better, corks, high, volume, highs, desks, stock, market, wall, sp, arent, trading, serious, champagne, traders, popping, earnings, 500


The stock market is back at new highs, but champagne corks aren't popping on trading desks

The markets are at new highs, so why does it feel like August?

The large beats on earnings from companies as diverse as Lockheed Martin, United Technologies, Pulte and Whirlpool are propelling the S&P 500 to a new high. In addition to earnings well above expectations, we see China bottoming, Europe at least showing some signs of stability, and the Fed remains accomodative.

Doesn’t get much better than that. So what’s next?

We have earnings reports from Banks (fair) and Industrials (better than expected) and a smattering of consumer names like Kimberly Clark and Procter & Gamble (also better than expected). To keep the momentum going, we need to hear from Technology, Energy, and especially Health Care, which has suddenly become the problem child for the markets.

Good news after Tuesday’s close: Texas Instruments, one of the world’s largest semiconductor companies, reported earnings above expectations and provided guidance for the second quarter that was roughly inline with expectations.

This is all good news, but if you think Wall Street is celebrating, try calling around on a trading desk: you won’t hear any champagne corks popping.

“It’s not just today, it’s been dead for weeks,” one sell-side trader told me. “It’s the opposite of euphoria.”

This is an age-old Wall Street complaint: stock traders do not view a new high as really valid unless there is some serious action — some serious volume, some serious volatility, some kind of, well, serious hoopla.

And that is what is missing from the rally.

Consider:

1) With the S&P 500 sitting an historic high, there are only 13 stocks in the S&P 500 at new highs. The market is being pushed up by a small group of super-performers–so traders believe the rally needs to broaden out.

2) No one is scrambling to buy stocks: volume has been abysmal since the end of March.

3) No one is panicking either: the CBOE Volatility Index (VIX) is sitting near the lowest levels of the year. No one seems particularly worried that the market may drop suddenly.

The lack of euphoria or its opposite — the lack of worry — is one reason many traders are enthusiastic about the near-term future. It means many are still sitting on the sidelines, and they may now be dragged into the markets after seeing the new high headlines.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: bob pisani
Keywords: news, cnbc, companies, sitting, better, corks, high, volume, highs, desks, stock, market, wall, sp, arent, trading, serious, champagne, traders, popping, earnings, 500


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Ford invests $500 million in electric truck maker Rivian

Ford said Wednesday it has invested $500 million in electric truck maker Rivian to build a new battery-powered electric vehicle for the Detroit manufacturer. The news comes just months after Rivian revealed two new products, an all-electric pickup and SUV, that analysts say could rival established truck manufacturers like General Motors and Ford. Industry executives even see it as real competition for electric car maker Tesla and its SUV and new crossover — the Model X and Model Y.


Ford said Wednesday it has invested $500 million in electric truck maker Rivian to build a new battery-powered electric vehicle for the Detroit manufacturer. The news comes just months after Rivian revealed two new products, an all-electric pickup and SUV, that analysts say could rival established truck manufacturers like General Motors and Ford. Industry executives even see it as real competition for electric car maker Tesla and its SUV and new crossover — the Model X and Model Y.
Ford invests $500 million in electric truck maker Rivian Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: emma newburger, source, adam jeffery, ford motor co
Keywords: news, cnbc, companies, maker, rivian, electric, invests, million, ford, suv, vehicle, truck, model, 500


Ford invests $500 million in electric truck maker Rivian

Ford said Wednesday it has invested $500 million in electric truck maker Rivian to build a new battery-powered electric vehicle for the Detroit manufacturer.

The news comes just months after Rivian revealed two new products, an all-electric pickup and SUV, that analysts say could rival established truck manufacturers like General Motors and Ford. Industry executives even see it as real competition for electric car maker Tesla and its SUV and new crossover — the Model X and Model Y.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: emma newburger, source, adam jeffery, ford motor co
Keywords: news, cnbc, companies, maker, rivian, electric, invests, million, ford, suv, vehicle, truck, model, 500


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