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CNBC
May 1, 2013 12:00pm EDT
china information come out and what it looks like in china, that is something that is definitely putting a lot of commodities under pressure. in terms of oil prices, add that to the fact of oil supplies here in the country, it's unexpected, particularly the gains of supplies in the last week nearly five times what analysts expected, it's pressuring oil prices and putting that wti price below the 50-day moving average which is another signal for crude. the only bright spot in the energy complex is natural gas. natural gas is bucking the trend here and it did so the entire month of april. up 8% during that period of time. we have inventories coming out for natural gas. tomorrow, the storage levels are going to show an increase less than expected and also the fact that we are expecting to see colder temperatures coming across some of the country. that is another reason why natural gas is supported today. back to you. >> sharon, thank you so much. you think this move that we've seen in energy of late is dead cap bounce? >> yeah. i think in all of the commodities, not just in oil and
CNBC
Nov 30, 2015 12:00pm EST
, christine la guard announcing that china's currency, the yuan, will be added to the global basket of major reserve currencies. it's a badge of honor for china. much more to do with the symbolic purpose than financial impact. it is the imf recognizing china's a major player on the economic stage and that its currency is getting increasingly important in world trade. there is christine leguard. she's saying the chinese currency, the yuan will be added to the imf reserve basket. she says including it is an important milestone. she says she recognizes china's progress on economic and financial reforms. but also says deepening of reform efforts will make the international monetary and financial system more robust. sort of acknowledging there's still more work to do on the part of china when it comes to opening up its markets and its economies. and just to tell you, it is an exclusive club joining the imf reserve basket. china joins the dollar, which has the biggest weighting, of more than 40%, in this basket. the euro, the british pound and the japanese yen. we're waiting for her to talk
CNBC
Oct 4, 2012 12:00pm EDT
than xlv. it is the one sector that's completely impervious to greece, to china, to fiscal cliff. all of these things are not going to matter. the bigger picture is that people spending more and more on health care as they age and look at the way the stocks act. i'm give you one in particular in addition to the it. merck. it's paying a huge dividend. this is the success tore that you want to look for buys in in my opinion. not laggards or industrials or nonsensitive stocks. >> you heard adami. let's bring in ed yar denis, president of yar denis research. welcome back to halftime. good to have you on the show. >> they think we're going higher. what do you think? >> the bulls market really has been a series of relief rallies followed by fall-offs with considers that we're about to have an apocalypse. . you get the drift. when we worry that things are going to fall apart and suddenly maybe they're not going to fall apart imnemtly, the markets go up. we had the fiscal cliff which may very well be postponed until the middle of next year. we have the euro mess that's now being cleaned
CNBC
May 7, 2012 12:00pm EDT
going to have a better place. >> china is producing it at a lot lower. >> he thinks it's going lower. there is going be a better one. >> i agree with them. he is mark fisher. number two i agree because the trend has been lower and a lot of speculators go in there. institutions don't know what they are buying or the dynamics of the market. >> it's coming out of the market right now. i don't know what the actual dollar amount is. i think there is more to come. >> had this to say. perhaps the markets are right. it may not br a big deal if they leave. >> maybe at first blush was going to be france. but it certainly seems if you take a step back at what happened in greece may have a longer lasting impact. >> we have already had our greek moment. . at this point, what happens in greece is a little bit of a side show. esspeshlly because in our forecast, really another round of election is quite possible. in the next 30 days, the greek population is likely going to be told exactly what it means to be voting for parties such as gold and dawn and so on. other opportunities to express doubts wi
CNBC
Jan 4, 2013 12:00pm EST
. skippy, number two maker. they buy for 700 million. this gives exposure into china. what do you do with the stock here in own it. own 32 pits along with it. >> dock, how about lulu lemon. >> speaking of yogelware, judge, i know you have some in your bag there. >> this gets a downgrade from outperform to neutral. sort of the way i feel about judge in yogelware. >> believe me, i would downgrade that by many notches. >> trying to pull that image out of my head. but the stock is still a great stock. but i do think it was due for a correction credit swiss gets it right, i think it trades into the mid 60s. >> drop for large bills. here is a little million dollar idea that didn't quite pay off. police say man at wal-mart tried to pay for a vacuum cleaner and microwave using a homemade $1 million dollar bill. . they called police after he demanded change for his purchase. now he is reportedly held in jail on two felony charges. >> i was nowhere near wal-mart. oh, sorry. >> up next, grilling a stock pick that's wandered off course. >>> and a look at whether you should part with two stock market
CNBC
Nov 7, 2014 12:00pm EST
discount retailer of apparel in china. if you look at tj max and ross stores here in the u.s. they have a combined revenue of $40 billion. vip shop has only 3.5 billion in revenues this year. there is no comparable to tj max and ross stores in china. i believe that vip shop has the potential to become at least as big as those two american companies combined and probably bigger because china has four times as many people as we do here in the u.s. >> want our panel to get involved in the conversation. what charity are you playing for? >> i am playing for human rights watch which goes around the world exposing abuses and lobbies governments for changes in policies. >> vip. we can see the stock again. >> do you worry about the margin story? because the margins are falling as revenues are going higher. is that going to stabilize? >> the company has made a conscious decision to actually invest more temporarily to go for more market share. it's a very under penetrated market right now. alibaba can't compete with these guys. jd can't compete with these guys. they want to grab as much market sha
CNBC
Jul 22, 2013 12:00pm EDT
something like honey well they think china has turned, so i think it is interesting we're hearing the guidance of u.s. is okay, europe is kind of steady as she goes, kind of stabilizing and china is not nearly as bad. i think the industrials are pricing in and china will have a hard landing so i think the valuations are pretty a tract active in that particular segment. >> okay to buy stocks? the market keeps ticking higher. we hit another record today. are you feeling good about where you are in this market and where you think people should be? >> i am. i mean, again, at the end of june when everybody was throwing out the baby with the bath water, look at the xlu. you have an 8% run out of that broad measure of the utilities and number of stocks in that sector did extremely well. forget about the gold miners for a moment. they killed it. things thrown out, baby with the bath water at the end of the quarter have come back with a vengeance. one laggard that has not and i don't really anticipate will come back until the fall, judge, that's housing. you have the materials coming back and
CNBC
Mar 13, 2017 12:00pm EDT
. if you go directly into china, you have currency risk, political risk, how do you monitor that? >> the point is you're getting paid to take those risks while others aren't. we understand the fact that u.s. accounting standards, european standards are come pays. that's why emerging markets have been selling at a drastically lower multiple for much of the time since 2011. investors get that. >> they're also selling because it's much lower than it was when brick was developed. when brick was developed, that is a decade ago the growth was double digits. >> we're not buying economist. we're buying assets that create cash flows. yes, it's had a couple of good months, starting to rally here, becoming more popular. but this is against the backdrop of a lost decade for european stocks. the vgk, vanguard europe, most broad definition i can give you, scott, it's analyzing at 103% over the past five years and 110% in the last ten years. about 14% over the last five years. the amount of outperformance you've had in u.s. assets over one-year, 5-year, 10 hch years. it's something. ultimately
CNBC
Apr 11, 2013 12:00pm EDT
. outside of yum brands, and that was china specific, i don't see it. i know that's a retail on the food side, but take a look at victoria secret parent company, limited brands. up over 5 purse. game stop, up 5%. ross stores. coach. i mean, look across the board. jcpenney. the biggest dog out there. i'm long jcpenney through sales of puts. i sold them yesterday into that panic swoon. they're worth list if we're finished 14 or higher so i like that. and i think jcpenney is not a fixed company. but i think that they will be a much smaller company going forward. 500 stores here. >> you're telling me buy jcp today? >> i'm telling you you do sub 14. >> first public comment since this whole thing went down, he's not going anywhere. in fact, he's more engaged now than ever. pot doubling down, but -- you're really a buyer of jcpenney today? >> i'm a buyer by selling puts. which means i would own it as lower prices. we talk about that with options you can actually do it. so i sold a ton of these 14 puts yesterday. i will get another chance i'm sure on some sort of bad numbers to do that agai
CNBC
Nov 1, 2012 12:00pm EDT
better than expected. china pmis were better than expected here as home as well, consumer confidence the highest since september of 2008. industrials, material, leading the way on wall street today, which is slowly getting back to business. it seems though hardly business as usual for many market participants and steve grasso is on the floor of the nyse with an update on how it's all going. >> you know, fortunately, we have an alternate site where if we have issues, we can conduct business, but as you just stated, the marketplaces are getting back to business and unfortunately as well, the death toll still continues to rise, so we want to say aur thoughts and prayers are out there with those families who have suffered the most. >> can you give me more color on the hardships and challenges you're facing? you walk around on the floor with a hand held device, you're executing trades for very large clients. what's it like? >> you have to have work r arounds in this business. the new york stock exchange has done an excellent job, but verizon has a lot of issues, so you want to have work a
CNBC
May 26, 2017 12:00pm EDT
powerful and, most importantly, or equally importantly, it's a global audience. you look korea, china and japan, all over asia and europe you'll see that it's everywhere and it isn't bound by geography. you don't use a stick or a bat to play, and you can play alone or with a whole group of people, play against the best. it has all the tools to go the distance. that's what's made everybody excited about it if they're in sports or entertainment. >> let me wrap by asking you about the movie business. you produced the first batman movie. in some respects i feel we've come full circle here. if you had to place your biggest bet today in the movie business, would it be on a superhero or a super actor, a clooney, a pitt, a cruise, they're going to make top gun 2. superheroes are all the rage and that's where the studios are putting their money behind? >> there's two businesses. there's this big franchise, you know, glamorous, huge, star driven, ip driven business like wonderwoman and batman and all these films like that and then there's the small independent films at $15 million, $20 million, $25
CNBC
Dec 29, 2016 12:00pm EST
-style killings also spiked, up 250%. >>> china has completed two new high-speed rail links. the ambitious project is going to expand by the end of the decade. burger king and tim horton's will use only antibiotic free chicken. restaurant brands international which runs both restaurants says the switch will happen next year. >>> an ohio state band member may have a new role next season as a kicker. the junior nailed a 55-yard field goal when he was out governing around on the field this week. the band tweeted the video of the kick and now ohio state says they're inviting him to try out for the football team. the guy has never even played high school football. now he's got some kind of hail mary shot at joining the team. how awesome is that? that's the cnbc news update. scott, back to you. >> that is awesome. thanks so much. good to see you. contessa brewer with the headlines. >>> this week rolling out our trader outlooks today. it is joe terranova's turn. all right, joe. give us the scoop. >> well, the first thing i want to do is talk about strategy. i think the right strategy in
CNBC
Jun 17, 2014 12:00pm EDT
. transformer. breaking down the wall between hollywood and china. mark gannis on the blockbuster premiere and the business thunt awaits. >>> and oil shock. troops head to iraq. live on the ground with the very latest. >>> worst trade of the day. the incredible question that stumped miss usa. what nia from nevada didn't know, the video you have to see to believe. >>> let's meet today's starting lineup. joe, steph, josh and pete trading today and we do begin with some shocking new numbers of just how prevalent insider trading may be on wall street. according to a new study, nearly one in four public company deals. a stunning 25% involve unusual activity in the options market. the same kind called out by pete and john every single day on this show. "squawk" host andrew joins us with the latest on this stunning story. >> reporter: thank you, scott. remarkable to think that literally a quarter of every single merger that takes place that we see announced has some type of unusual activity, and not just unusual, but meaningfully unusual activity. the professors that did this study actually said that
CNBC
Oct 3, 2012 12:00pm EDT
a barrel on soft china data. how are the pros making money? let's go he to jackie deangelis. >> today's headline from the pits, sell oil. the tougher question with the presidential election just a month away, does today's selloff take an scht pr lease off the table. let's start talking futures now. rich, let's start with you. looking like an spr release is less likely. what's driving oil lower today? >> a couple things. certainly the technicals are deteriorating as we speak, but the spr release is way off the table. i'm hearing that even the white house is using the brent contract to gauge the world price of oil. and they're looking at 110 to 120. we're well below that for any risk of spr release. on the way up to the floor, i did talk to a couple big guys. their boys in new york are saying two macro fonts are lightening up on the energy exposure coming into this it first week of the month. whether or not that's the case, we sat down on the our trade desk this morning, we saw the market start breaking 90. gathered momentum and made a bee line for our first band of support ar
CNBC
Jun 20, 2012 12:00pm EDT
at a massive coordinated stimulus package. china could care less, i don't care about anything they say. that lifts the market. time for all cash when you're left with the economy eroding completely. >> i think, steve, if you go back. i think it's a lesson nobody wants to believe there's any similarity between qe 3 of 2008 and now. but i guess the expediency and political pressures associated with expediency come up with the next big stimulus is equally as high, maybe higher. what you came to realize throughout qe 3 of 2008, at that point went to 90% cash, relatively more bullish then. at that point you come to realize more of what has not worked is signaling things could get worse. people freak out, outflows into equity in particular. that's when the market completely loses hope of a bid. as i said multiple times hope is not a process. >> ensanaa? >> i disagree. we don't have time to debate that. they are doing their job. fiscal policy, europe a mess, china going down, china goes lower for other reasons than fed policy. let me ask you a question, if you're looking for a headline gr
CNBC
Apr 30, 2013 12:00pm EDT
, whether it's utilities, telecom or whatever. >> if you think back to earlier this year, china, if you think about the big picture, foreign exchange, global around 55 trillion. so within that, you had china earlier this year come out and say they were planning on finding innovative uses with their reserves. japan has the second largest at one point, said they're going to double their investments in epf. >> the numbers. >> you've got central banks which are typically investing in treasuries, they're looking at things and going, well, you know, if i can get a 1.2% return in germany, but the dax is paying me, the nikkei dividend is 1.5. you've got all these guys looking for yield. you want to find good companies. you don't want to buy an ibm which blew up. you want to make sure the fundamentals are in good shape. >> do you regret the fact that you don't own microsoft right here? given what the stock's done? >> no. you have to make sure that the fundamentals are in good shape. i don't think anybody believes pc fundamentals are in good shape. >> you just said -- >> ibm just blew up. ora
CNBC
Jul 10, 2012 12:00pm EDT
11% due to weakness in china and europe. j.b., what's the trade with the chips and how concerned should we be? >> barring apple related excitement on the cycle they have am coming up with the iphone 5, et cetera, a big swath of the sector is going to be on the sidelines at best and in the penalty box at worst. i am not overly focused on whether or not am d is having a good quarter. i think from a broader perspective it is not the area you want to focus on. >> dr. jay, can you pick winners in this space? there are always owners that cite qualcomm. do you throw everything out because of amd or can you pick up some of these? >> we will hear more about that smaller tablet of the ipad, perhaps a 7-inch version of that. i think that plays to qualcomm because obviously the verizon or cdma side is dependent on that. i would say take a look at sandisk as far as flash memory because samsung which makes flash memory as well and apple have tablets and have the flash air mac products and so forth in apple's case and the 9 series with samsung, both are heavy demand on that flash memory rather
CNBC
Dec 20, 2012 12:00pm EST
and i would argue in a better position to handle a fiscal cliff problem. then you also have china that we talked about. i thinks that really what's going on in under lying market. >> bill ackman is laying out his short case against herbal life. >> are we into hour two and a half now? >> we're well into hour three. >> ackman is back up as it were. >> it not terribly unusual for ackman. there's a lot of history about looking at what is a pyramid scheme, et cetera. the up shot that herbalife is a pyramid scream and should be treated like one. here's how ackman speaking about an hour ago described it. >> i believe herballife products general dili do what they say they're going to do. the problem is you're commodities. but key to all of these of these games is deception. you have to skrons unwitting participants this is really an attractive opportunity. >> not a great quality of video but you do see him speaking of hits own words. and it was ackman and it would have his associates who walked through this thesis in great detail. sold at a deep discount, making claims about its sales fig
CNBC
Apr 24, 2012 12:00pm EDT
expect china to be up significantly. >> a lot of traders want to get involved, tony, as can be expected. josh, you're first. >> my first question could be, you know, when you look at the consensus out there and obviously your own numbers, i'd love to know, are people currently modeling any expectations for what iphone 5 might mean or is that too off in the future and foggy for right now? >> look, i think iphone 5 we believe and certainly there's more evidence in the marketplace that is going to be a calendar fourth quarter or apple fiscal fourth quarter 2013 event. look, as we saw, i mentioned 120% increase for iphone sales last quarter when they had a new product. i think the anticipation is that iphone 5 is going to be anticipated. there is anticipation around it but we're talking about a calendar q4 fiscal year q1 event. >> so let's stay on that point for a second. with the latest launch of the iphone 5, is it then most important to pay attention to the guidance? in past years, apple has been incredibly conservative on the guidance because it's preceding a new iphone refresh that you
CNBC
Mar 25, 2015 12:00pm EDT
offers through mercedes-benz financial services. help northern china reduce its reliance on coal fire heating plants and prevent 60 million tons of co2 emissions? when emerson takes up the challenge, it's never been done before simply becomes consider it solved. emerson. pubut to get from the old way to movethe new,ld. you'll need the right it infrastructure. from a partner who knows how to make your enterprise more agile, borderless and secure. hp helps businesses move on all the possibilities of today. and stay ready for everything that is still to come. >>> rough day on the street. off the lows. nonetheless, a lot of red on the screen today. pete, an area you've talked a lot about. forget the biotechs. we talked about that, obviously, but the chips. >> yeah. >> what do you -- how do you view -- >> it's a painful day. >> between now and the end of the day relative to those two areas, but especially the cheps? >> it's a great focus. the way apple has been trading, apple is off today. not anything huge. you look at some of the chip names. especially those that feed into the apple prod
CNBC
Dec 13, 2012 12:00pm EST
friends. we've talked about kind of the industrial recovery and the global recovery in china and in brazil. and i think that theme still is very, very powerful. and i think home here, housing. and i think the fed yesterday, the nbs purchases, reinforces that housing will continue to be a theme. >> all right. we're going to take a quick -- i'm sorry. >> that 6% surge -- no, that's okay. out in california, those housing numbers, highest in several years, that's a good sign. and all we've got to do is get harry reid and john boehner out of that alternativalit john mcafee is in because they seem to be living in that same weird world that that tech entrepreneur lives in. they've got to get and rise above, as we've said over and over again, they do that, this market's got a lot of gas to the upside. >>> on the way, judging big ben. where traders stand on the markets today after the fed chief delivers fresh thoughts on the economy. and r.i.m. shares trading at seven-month highs. can they continue to deliver returns to investors? >>> first, is the magic in the makeup for estee lauder? execu
CNBC
Aug 12, 2013 12:00pm EDT
it all the time. are the numbers real in china or not? you're getting better incremental news, the expectations are low and i listen to what the companies have to say, specifically a freeport. both of those reports in earnings were better than the gloom and doom the stocks are discounting. so i think there is a fundamental case if the data continues to be better. it is very important week. we get gdp, eurozone dwchlt dp, industrial production in europe, and we have our own data here. clearly that is very important. it is going to be -- data dependent and we're data dependent and i think there are some values still in the cyclical stuff. >> you made the case of late certainly that the onus is on the economy at this point to prove the taper should not happen. >> right. >> the rebound here, can i ask a question? when i went on vacation, good news was good news for the market. i was gone last week. was that still the case where data came in better than expected? >> we didn't get a lot of data. >> we didn't and there was the trade data that up lifted gdp. this is the big week. i think i
CNBC
Mar 16, 2012 12:00pm EDT
about what's going on in europe and rising concerns about the economy in china? >> i would say we're not that concerned about china. i know there is a lot of people who are. we like emerging market equities on a global basis. i think the underlying fundamentals in china are good. emerging markets generally from a sector perspective we like tech, industrials. one of the people was talking industrials. economically sensitive sectors, strong business spending, lots of cash on balance sheets. good cap-ex-trends. >> you like cyclicals. >> i like those parts. other parts we are not in. we have to recognize them. also that the cyclical sectors moved far. we are overweight health care in the portfolio. so there is a balance. with earnings growth converging i don't think we should expect the same sort of cyclical outperformance going forward. >> you have a little bit of a defensive stance as well with the health care play. grasso? >> i want to ask quickly, jeff, are you concerned with the supreme court ruling on the affordable health care act, obamacare? hearing at the end of this month and the r
CNBC
Jun 20, 2013 12:00pm EDT
, ivy zelman, in a halftime exclusive. >>> mining for answers. what does china's manufacturing meltdown mean for stocks? a trader debate is ahead. >>> stocks falling hard and continuing that steep slide "today." the worst two-day drop for the dow this year. did ben bernanke kill the rally or is this the buying opportunity a lot of people have been waiting for? we're trading the fed fallout, what it all means to your money with joe terranova, josh brown, simon baker, and stephanie link. josh brown, answer that question. >> no, the rally has been killed. we haven't yet closed at a 5% connection yet but it looks like we're getting very close. what i would tell you is we've been beneath the 20-day moving average for almost a month now. so i think that rally that started from november has ended and now the only question is whether or not we're in a down trend or we're biding time until another leg up. i would tell you this is a massive carry trade unwinding. i would 234not want to be the ft one to dive in and say this is the worst it could get. it's the summer and clearly the markets are adj
CNBC
Jul 29, 2013 12:00pm EDT
scores a deal. china slowing, the ceo changing and coach is under performing. why is one of our traders willing to fight for the stock? we'll find out in a halftime debate. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. [ male announcer ] come to the golden opportunity sales event to experience the precision handling of the lexus performance vehicles, including the gs and all-new is. ♪ this is the pursuit of perfection. >>> stephanie is our bull. simon is the bear. buck 30 on the clock. >> this is not a play on the quarter. in fact, tomorrow i expect the new management team probably to be pretty conservative in terms of guidance. it is a great new
CNBC
Feb 7, 2012 12:00pm EST
growing faster than the rest of the world, so, you know, china, india still growing nicely. southeast asia starting to emerge. we did see asia as a whole as a high-growth market. >> also kind of cyclicalities with the ibm, and companies -- in a big downturn, because it can save them costs and preserve margins. you can see expanded extending on ibm's offerings on a downturn spurred by that downturn? >> i would definitely agree with in a. that's one of the reasons tech spending has held up. it brings down costs. increases efficiency. also improves service for customers. ibm is one of the few companies that really understands that for the enterprise stage. >> shaw, thank you so much. so you would buy ibm here? >> i've been long ibm for two years. would you add to it here? >> cortes? >> i do think ibm is trading much better than oracle. >>> patty edwards? >> it's not revenue driven earnings. i've got a problem with that. i'd much rather by in something like qualcomm. >> i don't know about that. >> patty edwards, picky, picky. >> very. >> picky patty. >>> take a look at mastercard on the r
CNBC
Aug 21, 2012 12:00pm EDT
terms of the economy, would actually -- end of the year, with china being just -- the bubble is bursting and big time. and that you are going to stay away from commodities. i'm in the now but that's a trade. tech to me, that's intact. it comes up in the apple wake. that's the best place to be right now. >> okay. joe, where would you trim a little bit? >> in part of the problem that i think we are seeing here in the near term is the fact we are losing technology today. owning apple as i have since may -- somewhere around $535, i think that's the right trade. i don't like what technology is doing here. i agree with steve overall, technology the next two to three months. that will be the place to be. to josh's point if the market is going to find support at 1309 you are going to have to have continued participation from the mall caps and then the names that have not been working, the energy names, the coal names and steel names, they are going to have to see allocation, they will have to see inflows to those assets. >> much more insight into the market with wall street veteran byro
CNBC
Nov 6, 2012 12:00pm EST
economy. you just can't look at what the market did in 1982. china wasn't as prominent as they are now. particularly in terms of commodities and materials. europe wasn't as prominent now in terms of global trade. don't you have to throw those things out to look at what the markets do now on a global basis? >> i don't think so. back in 1982 there was a different circumstance just as there are now. certainly the market doesn't always repeat itself, but it does tend to rhyme. when you are at the latter stanls and what worked in the past at the end of 1982 and the prior secular bear market start to roll over and are also approaching an inflection point in terms of interest rates, these are similar things that we have seen in the past. that's why we are bullish on the market. >> good to have you here. thanks for coming on. we'll talk to you soon. let's take a look at the markets. energy, materials, industrials are the sectors leetding the market higher now. we continue to trade this big election day rally. as you look at the leaders, materials up 1.5%. coming up, former democratic congressm
CNBC
May 21, 2015 12:00pm EDT
stock market is doing well and the economy, there's the export. and china is going to do well. and the u.s. despite the political dynamics will do well. >> it sounds to me that you're painting a picture that looks pretty good. >> for 2016, if you have a drop for unexpected, that will be not necessarily, it will be market, but an improving one by the end of the year. >> josh, you feel like stocks are getting ready to break out yet again? >> i think if they're going to, it should happen here this is the fourth time we're testing the level on the s&p. meaningfully, you've got the new york stock exchange advanced decline. not quite at new highs, but looks like it wants to get there. you've got mid caps look like they're ready to explode. region at banks have broken out. xlf on the precipice. if you fail here it's disheartening. i don't know what will happen. but i will tell you timing is of the essence. particularly given how much stocks have diverged from the weak economic data over the last three months. i think you need that to happen. >> you have to be looking at the financials and
CNBC
Aug 28, 2013 12:00pm EDT
, especially when it comes to china, and i do not think that china will be ensnared in this particular debacle, but those emerging markets that have been living high on the hog with big current account deficits which have not been attending to their structural problems, and india is the poster child of that, they're in serious trouble right now and it could spread and take on crisis-like proportions. >> stephen, just a quick question regarding the correction that we've already seen. obviously india, rupee just being decimated and the market over there down 31% by some measures. when you look at that and you look at brazil, have not those corrections already taken into account exactly what you're very accurately calling is a headwind for them that had been a tailwind while our rates were so low but are they not now already pricing in the fact that this is under way? >> pretty hard to catch a falling knife and know when that comes to an end. certainly those markets have taken on or discounted a lot of the end of the qe taper, but what they haven't really figured out is whether
CNBC
Jun 3, 2016 12:00pm EDT
they could see less losses. europe they could grow and stay profitable. china they're making inroads. there are certain things for general motors i think where the valuation is so low and the expectations are so low and you get a nice yield while you wait, i would not own gm or tesla, i'd own the auto parts companies because that's where you get the leverage. >> greater return in five years. being an investor in general motors or ford or tesla? >> i think you could make money in general motors, ford or tesla in five years, the thing is for which company do more things have to go right? and that's what -- when you value investors talk about margin of error, you don't have one in tesla. everything has to go perfectly just to justify this name having a 200-plus stock price. with gm and ford, everything does not have to go perfectly. you're being paid a nice yield to wait for things to go right. >> everything almost has gone perfectly and the stocks haven't -- >> i'm not in any of these and i'd rather be in aerospace, frankly. companies involved in growth areas. autos are not going to be
CNBC
Aug 5, 2013 12:00pm EDT
pull back, maybe the 5, 6% and off to the races. europe is improving. china is still a mess. the only question is do they paper over their problems and do we never see except in the multinationals? i am still positive, took my trading positions off and not putting more on yet. >> goldman sachs is out with what you would consider to be a glass half full sort of view and to set the stage for a lengthy period of above trend growth. we get through this little period here and we're going through and then you have above trend growth and glass half full and that means that you would side, would you side with the view that supports the money coming in in july? a record amount of money flowing into u.s. equity funds. >> i side with and i continue to side with buying at these highs because i think further appreciation in the market is going to happen and everyone's expectation is august is going to be a horrific month. if you go back historically, august has been a bad month. >> said that about may, too. >> i continue to see there is going to be tapering in september and the ism services number
CNBC
Oct 6, 2017 12:00pm EDT
like that no there are a handful and you see people chasing them. >> the china story alone are lithium. >> bananas. >> it's truly enormous they will go from 400,000 to electric cars to 2 million in the next two to three years. >> i get it. but at what point is that in the stock? >> if this thing what is a 50 times earnings, 28, certainly growing above the market so i think there is as story here and it's a secular one so i think you have to appreciate that. >> so we brought this story on the air at like 100 bucks so i'm talking about the stock. not a lot of people have heard of it. it's 110 it's 120 each time we bring it up, more and more people hear the story and now it's 140 should you be like oh, i have to own lithium and this is the only way to play it probably not, but it's a name that will be on people's radar by the way, when a stock gets downgraded and it barely does anything to the downside, typically a good sign so take a look at this thing watch the candle and let's see how it closes and what the price action looks like. probably it shrugs the downgrade off. >> and if you're
CNBC
Nov 7, 2017 12:00pm EST
on sales over in china. the em was up 5% so nike is growing in the international markets. now, when you look at something like under armour the problem has been as it has slowed it's okay when you've got growth, people are willing to look past that pe, but i saw that pe flash up in front of me that had a forward pe i thought it said 60, scott. that's an incredible number so there's a lot of room still to pull back, and i would still love to see kevin plank come out and do something we've seen time and time again show us the money. show us your commitment and show us a jamie dimon moment and show us a steve wynn moment and like what we've seen from some of the target executives as well where there's an aggressive buy of the insiders that tells us something. we have not seen that in under armour ever. we haven't seen anybody really come up and stop and say, you know what, this is the bottom, and then they have been right not to do that, but until i see that, i'm not so sure we've hit the bottom. >> okay. how much about here on the desk. the stock is down 60% or about. >> a terrible se
CNBC
Feb 25, 2010 12:30pm EST
add on top of that, i believe that china on the other side of the world is really stamping on the brakes. when you add those things together it parents a bearish picture. >> in terms of spreading to the united states, gary made a good point on the halftime report and that is the multinational companies who have large exposures to greece. we did some homework and we called s&p. take a look at some of these multinational companies in the u.s., no on coincidence, these stocks are selling off in today's downturn. look at these percentages. is this the next shoe to drop in the earnings season? >> as i sit here today i can assure you for 20 years of experience that you'll be seeing come early april, companies that have missed guidance or companies that in the middle of march decided to take down guidance. they will blame it on the fact that we've had this dislocation in europe and i can assure you that's happening and i can assure you that companies are thinking about that right now. again, the european banks, they're trading okay because they had good fourth quarter numbers. i think a
CNBC
May 24, 2017 12:00pm EDT
? >> no. no take on steel. >> all righty then. copper is on the move after moody's downgraded china. we'll hit the future pits next. ♪ predictable. the comfort in knowing where things are headed. because as we live longer... and markets continue to rise and fall... predictable is one thing you need in retirement to help protect what you've earned and ensure it lasts. introducing brighthouse financial. a new company established by metlife to specialize in annuities & life insurance. talk to your advisor about a brighter financial future. >>> welcome back to "the halftime report." i'm jackie deangelis. we are watching copper today falling after moody's downgraded china's credit rating for the first time in nearly 30 years. china the world's largest consumer of copper. did you short copper on the down grade? >> i did not. that was a mixed down grade. think of how moody's hedged themselves. that was actually an upgrade. the modern day silk road from 2,000 years ago in china, that silk road we're calling one belt one road will touch 50% of global gdp, and that infrastructure should buo
CNBC
May 18, 2015 12:00pm EDT
plus, what they're doing in china. how much growth. the penetration there. all the rest of that type of stuff, but carl is focussed on a completely different area because carl's talking about the tv. he's talking about automatic. he's talking about all of these things. i think for all of those reasons, this ecosystem that they've got right it's why i've held it. continue to like this name, i think opportunities come any time that somebody bashes them. pushes them to the downside. ill legitimately, that's an opportunity. >> in terms of here and now, ubs raising on increased iphone demand, also today rbr coming out with a bullish note. saying that china is going to be a major driver of growth, 40% of revenues, total by fiscal year '18. kenny, down to you on the floor. how is apple trading though lately? >> doesn't trade down here, it trades on nasdaq, certainly you can see, it's not necessary lay name that i trade often because i'm here on the floor, although i can, it's just not what i do. but listen, they've all made great points, and you make great points. it's one of the names if y
CNBC
Oct 1, 2014 12:00pm EDT
wynn describing how much better it is to do business in china than the u.s. next hour he takes aim the u.s. and the white house even though today shares are down based on china news. they were up yesterday based on china news. >> fun musing, somewhat endearing comments. not critical. >> sort of a billionaire to billionaire kind of golf course thing. >> don't bet against carl. everybody's learned that. >> well, i don't know. i wouldn't bet against steve wynn. she doesn't think icahn will get the outcome he wants. but we'll see. >> jane, thanks. >>> coming up. time to get rid of the third quarter's big winners and buy the lagers? or stick with what's working? or not working. then you can find gasoline for less than 3 bucks a gallon in more than 26 states. will prices drop across the country? we'll look at the futures. and the dow is down 186. still only 3% from all time highs however. keep that in perspective. just take a closer look. it works how you want to work. with a fidelity investment professional... or managing your investments on your own. helping you find new ways to plan f
CNBC
Oct 17, 2014 12:00pm EDT
germany and the rest of europe as well as china. >> when does it become time, job josh, to focus on the positives? falling oil prices, gas prices going down. consumer sentiment pretty good. underlying economy pretty good. earnings pretty good. rather than the noise that gripped the market and really accentuated the fear earlier. >> granted it is a positive that gras lean prices are down. there is nothing negative you can say about that and other positive is earnings have historically been the thing that stabilized us with these kind of growth scares. corporations continue to give growth scares. and the reasons underlying have not gone away. at the end of the day the euro stock is 50, which is the dow of europe is still down 22% from june highs. it is one day. a ton of technical damage here and there. and i think we need to count the damage before we know. >> with the dow up we spoke a lot yesterday about this being a very tradeable bounce. maybe not the true bottom, in where stocks may go. but if you are going to put money to work and now appears to be the time that obviously a lot of p
CNBC
May 20, 2015 12:00pm EDT
be successful in china or europe or all the places they're looking to expand. but it certainly would help if the knicks' headlines go beyond isaiah thomas and one of the worst teams in the league -- >> is that wuchbt one of the dumbest moves you've ever seen? >> the most recent compounded by the most recent and we're still waiting to find out if phil jackson to figure out if he's a leader. >> whoa, whoa. >> i -- >> now he gets the fourth draft pick and the lakers get okafor or touns. >> are there any teams without back injuries that the knicks could go for? >> a whole bunch. they can't play, and we can't pronounce it. so. >> have valuations come back to earth at all after the bolmer 2 billion or is the bar set there? >> i got a kick out of joe lakup and others, good friends who own the warriors. every time in the history of the nba was worth $2.1 billion. the bottom line, valuation up 77% year over year, the biggest vault in the history of sports. so we should kiss steve bolmer. >> i'll leave will leave that t. >> switching topics, deflate gate. patriots say they are not going to con
CNBC
Jan 2, 2013 12:00pm EST
have the u.s. economy seemingly improving, house something getting better, china seems to be improving as well, you've got europe not as bad as certainly it was, and the ecb, central banks all around the world are greasing the markets with more liquidity than ever before. >> you have my positive list. it's funny, you don't have my notes but basically my comment about the economy, my comment about the fed, the global economy is doing slightly better, the chinese economy is picking up, home prices are improving, home sales are picking up, that's important to consumer psychology, the banking system is highly liquid, gasoline prices from $3.85 to $3.30 and investors derisked. they've been spending the last four or five years buying bonds and selling stocks, they might spend some part of the next few years replacing the stocks they have sold. debris with that. first of all i didn't give you a number. last year i think the total return on the s&p was around 16%. >> right. >> about 13 plus and half a percent in price and the rest in dividends. we're looking for 10% incline a year and that wou
CNBC
Apr 5, 2013 12:00pm EDT
at china tapping on the brakes. here in the u.s. you say, okay, we're pumping $85 billion a month into the economy. where are the jobs? is qe 3 really working? probably not. >> i mean, at some point, b.k., do you look at these pullbacks and think it becomes an opportunity? that's what some of the guys on the desk today, if not an overwhelming majority of the traders today think it is. >> caller: yeah, i mean, i think a little bit that goes to your timeframe, too. i'm looking three to six months out for my holding period. could we get a snapback at half a percent, a percent? sure. three months from now we're going to be much lower than we are right now. >> what about the fact -- brian, i mean the fed's not going anywhere, right? if the jobs number today doesn't underscore that, i don't know what does, right? talks of tempering from lockhart and some of the others is off the table now, is it not? >> caller: i would say it's absolutely off the table, but the fed's been out there buying, what are they going to buy more? they're not going to buy more oracle servers. they're not going t
CNBC
Nov 8, 2012 12:00pm EST
we're following today. changing of the guard and what does regime change in china did for your money? forget the thrilla in manila, they square off yet again and apple's bear market and the stock sliding and should you be buying? a bull/bear debate, and our top story is the market. stocks lower yet again following yesterday's plunge and here's where we stand on wall street right now. take a look at the dow industrials down by 18 points and s&p and nasdaq following suit so how should you be trading the sell-off today, steve weiss, you're up first. >> here's how i'm trading. i'm really doing nothing. i had taken some exposure. i've got a lot of cash. i'm very, very concerned about the market because we didn't move higher today. we didn't hold onto it at the initial push so to me, selling off the way we did yesterday and then following through to someec tent today and i recognize training day is not over, is a very troubling sign. so i don't want to be very exposed to the market and go through the negotiations that are going to go -- that they're going to go through in washington.
CNBC
May 15, 2015 12:00pm EDT
meeting speaking of fast food in china and now in india for the real story about the company's asian operations. >>> u.p.s. gaining ground. jon najarian found some unusual activity in the name. and american pharaoh heading to the second leg of the triple crown tomorrow. wait until you hear how much he'll be worth if he wins. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. it begins from the the second we're born.er. after all, healthier doesn't happen all by itself. it needs to be earned... every day... using wellness to keep away illness... and believing that a single life can be made better by millions of others. healthier takes somebody who can power modern health care... by connecting every single part of it. for as the world keeps on searching for healthie
CNBC
Jul 2, 2013 12:00pm EDT
know, the bite is really happening in q2 but i think we have some offsets. as weak as china has been and as weak as the impact of sequester will be, i think we're getting better data out of europe. i think it's possible we could have a positive surprise on the idea that the global economy is getting help from not only the u.s. but maybe europe finally turning. >> tom, it's josh brown. i'm in agreement with you on the cyclical trade. it's an idea we've gone to add to especially relative to the stapps. i'm curious, i think there's a huge misconception about how much of the earnings these companies in the u.s. derive from overseas. how important is it to them that china stops the economic fall? how important is europe to the u.s. cyclical stocks, especially the large companies? >> yeah. well, it's true, josh, because, you know, when people do the numbers, they see there's huge, huge exposure of cyclical companies to earnings from both emerging markets and from europe around for tech, for instance, it's well, well over 50%. but on the other hand, we have to remember cyclical companies ge
CNBC
Sep 5, 2012 12:00pm EDT
. should you be buying? and china, correction or crash? a dire prediction for that country's economy and stock market. and what it means to your investments. we're trading all of the big movers today with pete najarian, john najarian, simon baker and steve grasso. our top story the market's moment of truth. investors bracing for big news from draghi, bernanke, on friday's jobs report. pete najarian the next seven days could very well decide whether this market takes a leg up, a leg down, how do you see it? are you as bullish as you've been? >> i continue to be bullish and here is why. when i look at the volatility index we remain on the lower end. yesterday we did move up toward the 19 level. we pulled off of that level. we continue to see the financials trade very, very nicely. you look at the xlf. it remains well above the 15 level. financials stayed strong. pharmaceuticals remain strong. obviously you look at the nasdaq itself. specifically you look toward apple. that has remained strong. so there's a lot of reasons for why i have remained optimistic, but primarily it is that vola
CNBC
Jul 23, 2012 12:00pm EDT
activity all over -- >> josh, what do you think china is going to target next? let's give props to pete for doing his work and looking at the unusual activity that we talk about almost daily on this show. >> what china covets, i think, more than what most people talk about is any kind of refiner ri assets. congress has already blocked one of those potential deals. we have maybe five or six publicly traded refineries, some of them closely held, some of them not. that might be an area to look. if they could get a foothold into refinery in north america, china would be thrilled. it's a question of which one they'll buy and will that area of the country permit it. >> one of our ponytails gets it right. the other one, not so much. the other najarian now -- >> i thought it was grasso you were going to talk about. >> our traders are quick but not always right. take a listen to what jon had to say about the banks back in june. >> indeed these were ready to spring higher. they've unloaded to the upside. you look at barclays, up 6.5%. credit suisse is up 3.9%. i own that one as well. deutsche bank up
CNBC
Mar 6, 2013 12:00pm EST
commodities higher, oil and copper and on top of that, concerns of china, the report showed it this weekend but more than that, what's been building for a few years, the property bubble there and the government as they get more focused on curbing that property bubble you see the commodity complex affected. >> no energy from ennis. >> i would say on the technology side, if ron is right about cap x improving you will see companies spend and i.t. budgets improve and i don't think the stocks discounted. i think there's opportunity there. back to ennis in terms of materials. there are some selective companies in materials doing the right things. >> what do you like? >> bali forever and hammered this year, down 15% on concerns of china and doing things right for the company long term. and yielding 4%, you have to look at the stocks. they're discounting a lot of bad news. >> but valley, they're going to iron core, going to be -- i couldn't resist. capacity is going up by 40% over the next few years. no matter what they do, it's an iron core company predominantly. china alone is adding 30 b
CNBC
Oct 5, 2012 12:00pm EDT
abroad so i want to open up more trade with other nations and china is stealing jobs unfairly i'll crack down on china. number three, number three, i want to make sure that our people have the skills they need to succeed, so we have a lot of government training programs. and that's all fine and well except there are 47 of them. federal government training programs. and they report to eight different government agencies and so the overhead cost of all of this, this burden and bureaucracy is just killing. i want to take the money the federal government is spending on training, bundle it up, send it back to virginia, its fair share, and let virginia do what's right for the people of virginia with their training dollars. and let me mention as my number four here to get this economy going and to create more good jobs. let me mention something about the deficit. this idea of every year america spending and the federal government a trillion dollars more than we take in is bad for our economy and bad for the next generation. it's immore for us to keep spending than we take in. oil cap fede
CNBC
Jul 11, 2012 12:00pm EDT
crude oil goes from here. i guess those china trade numbers that came out a couple of days ago certainly don't help the upside story in crude. >> yeah. i mean, crude, again, is an interesting commodity in that if you now look at the data, it's very obvious that global demand growth has been very flat. in seasonally adjusted terms, it hasn't grown for 18 months now which is really, really soft. on the supply side it's very clear the saudi arabian government have stepped up. they've played their role as the central bank of oil. pumped more oil than people thought they would. supply greater than demand at the moment. that's what's driven price down. we don't see that changing materially in the near term. prices are likely to go sideways or even down a bit in the next month or two. >> gold and silver, cautious on both. why? >> gold is a very interesting one in that gold is one of these metals that's driven a lot by technical factors. it's kind of hit a very key technical point to the downside. we think that the most likely thing is that you get a bit more qe-3 and that gold rallies
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