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tv   Power Lunch  CNBC  October 10, 2014 1:00pm-2:01pm EDT

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billions of dollars to wear the other ones? let's do final trade. >> hcp. >> avoid the autos. the auto market slowing out of china. >> intel buy. >> have a great rest of the day. dow is up 50. power starts now. "halftime" is over. the second half of the trading day gets underway right now and "power lunch" is all over it. >> i guess we are. we certainly will be. what a week it has been. i can't remember many quite like this. wild week. the dow moving nearly 2,000 points so far this month and the month is just about ten days old. up today but down 2% for october off more than 3% since the market peaked back ancient history, september 19. the stocks that look like good value plays right now we have lists for you. we have names. the oil slide. it continues. prices well below $90 a barrel
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right now down as much as 5% this week, down 20% since july. what low oil prices mean for the economy, for consumers like you and for retailers. and get ready. a ton of earnings next week. the names you should be watching and how to trade them ahead of the results. sue is here today. cnbc headquarters. >> i am. and wow tgif. it has been a wild week for stocks. they are near session highs roith now. we will see whether that holds going into the close. right now the dow jones industrial average traded up 54 points. the s&p in the green by about two. the nasdaq is the troubled child for the market today down 33 points, the chip stocks getting decimated. the russell 2000 is on the upside but just about by two points. the transports which were down close to triple digits at one point have dramatically paired their losses.
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the three major down about 2%. the nasdaq down more than 3%. the dow transports we mentioned were having a tough week down more than 6% for the week. in terms of the oil market it has been a brutal week for crude. ice brent crude is now up but it is down 3% this week. west texas intermediate is up right now but off by 5%. check out the wall street fear index vix hitting highest level since december of 2012. right now it is down a little bit but it has been a wild week there. morgan brennan is at the nasdaq. first we start with bob at the floor of the nyse. >> when the vix gets over 20 i start paying attention. that happened this morning and now i'm starting to get a little more interested in what is going on in terms of the volatility. russell 2000 disastrous morning. it did turn around late in the day. put up the russell 2000.
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we went into positive territory very late in the morning right now and i think that is a very interesting development. some of the other issues out there, microchip technologies, some of the technology names very hard hit this morning. there is the russell 2000 now. microchip dispoipting. they get about 60% of the sales in asia. that is taking a lot of semi conducters down with it. we are starting to see an expansion of new lows here in some of them. analogue and fair child not quite a new low. st microa new low. s cypress at new lows. xhp seeing 52-week lows in the home builders. that is the etf for that. my point is expansion of new lows has been occurring today. same situation in the drillers. we have been talking about this
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one all week. we are seeing new lows in trans ocean. they just turned positive but earlier in the day they were down and on a technical level hit a 52-week low. oil service names in general, anybody in the oil service business has had a rough week of it. that hit a 52-week low. late in the morning we are turning around. a lot of industrials, as well with new lows like a floor, rockwell automation, terrex. the new lows numbers are expanding down here. as we pass those levels other people are starting to see it. we are starting to see pickup in volume in the stocks on a down side. >> a year of new highs but today new lows. let's go out west and check in with julia borston. >> tyler, neilsen will restate ratings for broadcast tv starting the week of august 18 and will work with clients to decide if it will restate back
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to march when a software glitch started. changing the allocation of viewers to one network rather than another. this coming monday neilsen will release ratings from premiere week. sources tell me abc is the one network that benefitted from the miss allocation of viewers. neilsen did not comment on what the widest discrepancy was. it is possible that in ratings that are very close it could change the rankings of shows and is unclear how this has impacted ad dollars. neilsen says the errors are within the margin of statistical error. neilsen says this difference was not noticeable until this fall tv season and the glitch has been corrected but this certainly deals a real blow to
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neilsen's reputation. back to you. >> absolutely it does. thank you. that is a story we will watch very closely. let's go up to morgan brennan at the nasdaq because it is down almost 1% or was down almost 1%. the chip makers really getting hit hard. you are following the big movers and you have a lot of them on your plate today. >> we are down about 38 points. we are coming off the lows of the day. right now on track for the worst weekly close sins may 2012. here is what is leading the selloff. it is the semi conducters and chip makers after microchip warned on revenues citing weak demand saying the entire industry headed towards a correction pointing every stock down right now including avago, micron. intel is one of the large cap tech stocks that drives the
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performance. tesla is moving lower. it is down 5% today. and that is after its all wheel drive model didn't live up to investors expectations last night. lastly i want to highlight a bright spot and that is nasdaq's new ipo, dave and buster's. that is trading up about 11%. that stock opened under the ticker symbol play at $17 a share, that is giving lift to other casual dining names, as well, cracker barrel, bjs restaurants and buffalo wild wings. thank you very much. talk about wild wings. we are going to talk about wild swings. the dow moving. we are down more than 2% for the month of october, off more than 3% since the market peaked way back about three weeks ago. dominic chu is thirsty for dark and stormy. >> that is what we are going to call this particular presentation that we have for
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you guys. we talked about the bad news and the good news of the markets. bad news first, the dark and stormy picture. these stocks in the s&p 500 have had a rough go of it. sector wise you can see industrial, materials and energy. energy disproportionately has had a very rough go. let's take a look at the individual stocks that have had real standout moves since those market highs. on the auto side ford motor continuing to move to the down side down about 17% since the market highs. maybe investors are a little bit worried about the auto outlook given the fact that we are seeing slow down perhaps a little bit in car sales figures here. ford, again, solar down 22% losing about 0.5 of its value. highlighted by the fact we have the big ipo for vivid solar.
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then ati down about 38%. specialty materials, metals a focus for stock pictures. chesapeake energy down 23%. so the question becomes whether or not these stocks have more to the down side to go if the market does turn to the down side you can expect cyclical names to get especially hard. that is the bad news. we will have the good news, some of the stocks doing the best since market highs. there are quite a few of them. stay tuned later on this hour. >> thank you very much. to mandy with a news update. >> we have comments coming out of the jp morgan jamie dimon. we should note that these are his first public remarks. you might remember his cancer diagnosis was made public. these are interesting things
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that he said. he said the banking is huge and growing and you don't want to push too much risk because he believes it may be the next to blow up because no one is paying attention to it. once again he made the comments this afternoon at the finance conference in washington. back to you. >> thank you. so what is fuelling these big down moves? blamed europe specifically germany, three major averages in europe. 2.5% for the week. germany's dax down 4.5 and france's cac down almost 5. >> the anemic recovery in europe could be dying before our eyes. >> germany has been the mover here. >> the only strength we saw there. and also what is clear is there
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are big fights in europe about how to fix the problem. let's do the deep dig into germany. take a look to the right there. big, big declines just over the last month or so because of fears of what was happening to the economy. if you were invested in the etf for germany you are down more. the german stock market is up 12% from highs. if you are in the etf you are down about 20% because of dollar exposure. take a look at the ten year yield for germany. it is still below 1%. a lot of that are fears about so little inflation that potentially you are talking about deflation. so what is wrong with germany? it is heavily reliant on trade. if you have a slow down they suffer even though weakening euro helps them. they tell you they have flexible labor markets and are some of the most flexible in europe. that doesn't make them flexible. i think american ceos find them
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inflexible. energy costs are higher than a lot of industrialize economies because they have abandoned nuclear power because of fukushi fukushima. a banking system that has like japan for many years refused and under invested in infrastructure and education. sound familiar? mario dragi yesterday, something else he said was economies with fiscal space should spend more. here is what he said, i got a joke from the audience or a laugh from the audience. >> against this back down for garments with fiscal space then it makes sense to use it. you decide to which country to send the supplies. [ laughter ]
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>> one large economy with fiscal space. they are not running a deficit like italy. they can do some spending which is always controversial. germany refuses to do that so far. they are committed to having a balanced budget. >> thank you very much. that set the stage to talk about our markets. the wild swings due in part to the concerns about the slow down in europe. how do you play the volatility and are we at points where there is value again? senior equity strategist and rob lutz president and chief investment officer. scott, i will start with you. what were you doing for your clients this week? did you buy the dips? >> first of all, i am with you, tgif. this has been a long week. we have been pounding the table here. we want our clients in here buy erri
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ing. this is a minimal pullback. given the fact that i don't think it will go that much further we want them in here legging into the market. we definitely want them taking advantage of this because in my opinion you are likely to see this cyclical bull market carry on for another couple of years. our clients need to get sideline cash into the market. >> what about that? people have been hesitant to put cash to work in this market. and granted we were stretched on some valuations. do you think we are closer to the end of this sell off? or maybe in the middle of it? >> i think the conditions of this market are quite strong. you have very low interest rates. you have a good earnings picture. generally in market cycles you go from very under valued to moderately valued. i think we are in the moderately valued area. overvalued 18 times earnings. we think we can get to 2,300 on
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the s&p 500. we see lots of value. those are the areas i would focus on today. >> you know, you said you wanted clients to get into the market. what areas or specific stocks would you recommend? >> the sectors we are most interested in are the ones who have basically gotten hammered on this pullback here. we want them in those sectors that are going to benefit from a continuation of the recovery. we don't want them hiding. we like industrials. we like technology. we like the consumer discretionary sector, all clearly very sensitive to the ebb and flow of the economic cycle. we definitely don't want them hiding in things like staples, utilities, health care. those have all been the best relative performers on the pullback. this is good opportunity to buy the more cyclical sectors. >> are you worried about
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deflation? we have oil plummeting and commodity prices almost all the way across the board whether looking at agriculturals, base metals. when i am down on the floor of the nyse that word is being bandied about. >> i am not too worried about deflation. i think our economy will continue to grow. i think we have a boom coming ahead of us next year. i know people have a hard time accepting that. i look at the innovation part of our economy and it is alive with an awful lot of good things happening, health care, transportation, the technology area are all coming up really sound. companies like illumina and tesla, there is a company that has the potential to really revolutionize with its electric vehicle and also maybe revolutionize the solar area. so this is where i think investors need to spend their time. they need to look at these kinds of companies that are really
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changing their industries. i look at the size of the target market and those ones i have highlighted there have very big end markets. these companies can have tremendous success there. >> gentlemen, thank you. have a great weekend. appreciate it. >> do the same, sue. thank you. speaking of rebounding it has been a tough week for energy stocks talking about. the s&p energy sector down nearly 3%. big oil is rebounding as investors look to bottom fish a little bit. exxon mobile up by 0.75%. larger oil players to the upside from 0.1% to 0.75% for some of them. we are watching the markets. japan is watching the weather. japan preparing to be hit by the most powerful typhoon of the year. weather channel's carl parker tracking the storm. >> we are watching an extraordinary strong storm
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making its way towards okinawa where there are 35,000 american service men and women stationed. right now it is the equivalent of a category 4 hurricane and moving slowly to the north northwest at 9 miles per hour. here is the forecast track and intensities from the joint typhoon warning center. note ths points here are 24 hour increments. this is going to only very slowly come across okinawa possibly as the equivalent of a major hurricane. very fierce winds coming in tomorrow very early in the morning our time continuing right through late morning and then even into the afternoon. a prolonged period of strong wind, wind gusts perhaps over 100 miles per hour. even in an area where they are used to typhoons this is a big deal. and we are also looking at tremendous amounts of rain there, flash flooding and mudslides a concern along with
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very high wave heights on the order of 20 to 30 feet coming right into okinawa. thank you very much. oil continues to slide. prices well below $90 down 20% since the beginning of july. but that means prices at the pump are also falling averaging about $3.24 a gallon depending where you are looking. what impact will this have on the economy and consumer spending because we are heading into the holiday shopping season? as a nation can we afford these lower gas prices at all? we will talk about that when we come back. have $40, $21. could something that small make an impact on something as big as your retirement? i don't think so. well if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that retirement challenge might not seem so big after all. ♪
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e financial noise financial noise financial noise financial noise
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welcome back to "power lunch." the best performing sector are the consumer staple stocks up by 1.25% leading the way higher. you have names like avon, pepsi. coke a little more here earlier hitting all-time high over the past 20 sessions coca-cola down only five times. real strength and it seems like coke is it. >> thank you very much. oil definitely not it. continues to plunge. prices falling at as much as 5% alone down about 20%. prices now averaging $3.24 a gallon in the u.s. i saw some this morning around $2.91 around my house. it has enormous ramifications
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for the economy and community. what does low oil mean for the american economy? >> it means for consumers gas prices decline and puts money in their pockets perhaps at the right time. one thing economists look at is why prices are falling, if it is because demand is lower that can be a bad sign for growth. but the u.s. energy information administration seems to put the decline more on the supply side of the equation. you can see demand growing from about 1.2 million to 1.3 million. supply will outstrip demand here at home by about 300,000 barrels a day. the price decline looks to be a supply issue. the vast majority of u.s. consumers benefit from oil prices now that we are a big producer for oil there is a potential down side if prices get too low. over the past ten years you see
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the oil and gas industry has grown nearly twice the overall economy. oil and gas industry has grown by $200 billion over the past ten years. wage is up by $21 billion. $86 a barrel most u.s. remains profitable. some canadian shale gas reserves look marginal. so for now you could have the best of both worlds, low oil prices and gdp coming from production. 65, 70 you may start to worry. it has come along with a stronger dollar. it seems to be related there. the fancy french suits you get there and the wine you import from france that you like so much and maybe the swiss chocolates, those will be a little cheaper, too. >> thank you very much. to courtney reagan looking at what impact the lower
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gasoline prices might have on consumer spending. >> retailers watching the price of gasoline and prices at the pump very closely. according to allison paul she says the average american household spent about $2,418 on gasoline last year. if the price at the pump continues to drop it could save the american family $280 per year. paul says if you add that to higher sentiment about what is going on it all adds to the wealth effect at the right time of year for retail as we head into the holiday season. cnbc ran a stock screen going back to 2008 and found when oil prices drop ten percent or more in any given quarter in the consumer names, dollar tree, dollar general, family dollar, o'reilly automotive and auto
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zone generate highest return for shareholders. j.c. penney ceo told analysts he thinks lower gas prices help his company. wal-mart has said lower gas prices does help their shopper feel a little better and potentially spend a little more. on a conference call costco cfo said generally when gas prices are lower they make more money because they have their gas pumps. susan anderson says gap's old navy could be a key beneficiary. we know oil prices and prices at the pump aren't the perfect cure all for retail when things aren't going well. it does take consumers a built of time to adjust but hopefully they adjust just in time for santa to slide down the chimney. >> good to see you. the plunging prices, what does it mean for retailers and consumers this holiday season which is just 75 days until
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christmas? they always make me read that because they know i'm always behind. mary epineur, elana stern founder at weddington way and stacy witless with us from london. welcome ladies to all of you. nice to have you here. mary, lower gas prices, courtney made the case that it will help retailers, but coming at the same time we have increased volatility in the stock market. people open the quarterly reports from their brokerage accounts and might not be that pretty. do those two cancel each other out? >> the way i see this happening is to the point and the other reports that were just given, this helps these retailers who have the quantitative experts who do nothing but project what their sales will be when the price of oil drops or weather changes or anything like that. i think those will be a positive
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thing. >> we have breaking news. >> another aaa economy in europe falls. we see standard and poorz downgrading finland to aa plus based on weak economic growth. the finland economy being downgraded by s&p being downgraded from aaa to aa plus. this is an economy with 5.5 million people. it was quite controversial when they started downgrading france a couple of years ago because of the economic crisis finland was a stalwart in the week full of bad economic data out of europe. we see a downgrade based on weak economic growth. a complicated effort to consolidate public finances and reduce the public debt. back to you. >> thank you very much. let's get back to our retail panel. stacy, do you want to weigh in on the potential benefits of lower energy prices to the consumer as we go into the holidays? >> obviously this is good news
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in general as gas prices come down there is more money in people's pockets. however, i would caution that we are really talking about the low end consumer. we are talking about the wal-mart consumer. we are talking about the dollar store consumer. and also i would point out that the low end consumer, while gas prices are good they are dealing with other pressures like food inflation, like under employment here. so potentially the decline in gas prices cancels it out but certainly it is good news particularly as we have seen disappointing comps recently from family dollar and j.c. penney and wal-mart would use a boost. >> let me turn to you. the milineal shopper. do you think it will be a strong holiday season and what role will they play in it? and what are they going to be buying? >> i think it will be a big holiday season for the
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millenni millennial. they are spending $600 billion annually and spending it in ways different than we have ever seen before. so i think what we are going to see with millennials is all around importance around connectedness. so they really value the opinion of friends and family above all in the purchases they make. i think the retailers that are going to win in this environment with the millennials are the ones who are connecting with millennials and connecting them to their community. >> so the social media aspect is very, very important. >> social media and other channels for validation. for example, amazon was a company who got it right when they launched product reviews peer to peer as opposed to brand endorsement. nordstrum is another company that has really gotten this right in terms of how they leverage technology to communicate with millennials in the context they are in. >> mary, last time you were here
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you were predicting the iphone 6 was going to be big. do you think that is the case? >> absolutely. >> athletic apparel is big. boots and athletic shoes. >> and watches. after the iphone and gift cards i believe it is turning out to be watches. so i think it will be a very -- i think it is a great holiday season. i think we see a bigger than ever cyber monday just to tack on to what you said. i think it will be very tricky and a lot of highs and lows. i think in the end it will be good. >> thanks, ladies. we are a little short because of breaking news. pleasure to have you all with us. thank you, sue. stocks off about 4% for the most recent all-time highs. there are bargains out there if you know where to look. plus the one etf to watch if you are watching only one in thetle markets. the names to trade ahead of the numbers. we will tell you about that and more after this quick break.
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time? money? time and money. awesome. awesome! awesome! awesome! awesome! (all) awesome! i love logistics. welcome back to "power lunch." investors here are still shunning nasdaq stocks not just because of the chip stocks we heard about from morgan. the nasdaq we call it down by about a little over a percent. some of the other names getting hit in the trade include big ones like google, price line and also momentum names like tesla and netflix. you can see red arrows to the down side especially tesla down 6% on today's trade.
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time for the "power lunch" count down. joining us is jim iorio. s&p 500 # 4% off the high. >> we are hunting for value here in chicago. remember the hunting ground received an earthquake. wednesday, thursday session, the up session was the largest mover disparity in 17 years kind of like the 1960 chilean earthquake. what we are looking for is semi conducters. we like tech and are liking the financials. being very careful of the entry here as we see a lot of panic in there. we like to utilize strategy of selling puts. collect that premium and get into the trade at a lower level. >> i heard something about earthquakes. i hope you got that but the reality is value is an odd abstract. i look at something like apple which the world is crumbling around and apple stayed pretty
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steady. i increased long positions to apple yesterday under the thesis that as things start to settle down perhaps it will have to move higher. >> the semi conducters is worthy of note. >> let's talk a little bit obscure metaphors or not a very volatile week. is apple a way to protect against volatility or do you have your eye on another way? >> i think there are a couple different ways. what i would do to protect volatility what is happening is rates have gone down. when rates go down people like to look for other things that are going to give you a yield. i am also looking at the etf, the i know it is not sexy at all utilities. when long term rates are going down the yield that utilities pays gets a lot more attract chb. even if this problem starts to dissipate and go away the memory of it remains and money might be attracted to the safety.
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>> the xlu is sexy to me. you are watching one company on earnings. what one company would it be? >> i think it is going to be google. that gives you a nice cross section. there is a wild amount of earnings from google to ebay and financials. get netflix and google. that is the true barometer of the u.s. economy. >> have a great weekend. let's go to rick santelli at the cme. >> we need to look at the following chart on a friday into the weekend with big moves. the s&p 500 and the ten year note yield on the same chart they are tracking each other arm and arm. if we want to get a little bit bigger view let's look at the winner of the week winner meaning if you are long it is the five year note. yield is down about 17 basis points on the week. the month to date chart it has been a dramatic move on the middle of the curve hence steepening we have seen. for the year it has been a flattening story. let's look at a mid august
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boons. you can see they haven't taken out the 88 basis point close but they are doing a dance with it. and the last chart a month to date of what is going on with regard to foreign exchange. you want to pay very close attention here because it really is quite an important move. back to you. >> rickey, thank you very much. rick santelli wrapping it up for us here on "power lunch." this is one of my favorite charts because it just really tells the story, the wild swings of the market of late. the dow has moved nearly 2,000 points so far just this month. we are down 2% in october and down more than 3% since the most recent high. there are a number of companies rebounding in a big way. we have the names for you as power continues in just a few moments with the dow jones industrial average on the up side so far. so ally bank really has no hidden fees on savings accounts?
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think of it as a way to take more control over your operating costs. and yet another energy saving opportunity from pg&e. find new ways to save energy and money with pg&e's business energy check-up. welcome back to "power lunch." the dow jones industrial average off of session highs positive up
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by about one-third. on the down side you have intel and microsoft, cisco, you can see down side. when it comes to the day's session we are green but big names to the down side. >> joining us from the nyse our market panel and ben willis with princeton security groups. you pegged it yesterday when i asked you what kind of a close it was going to be and you said it would not be a good one. you basically got it correct. i will put the same question to you today. how are we going to end up? >> i think we are going to -- as the day wears out they will push it and test to see. this morning before the open we had futures down ten. we are testing. tried that a couple of times today. you can feel it does want to test at 200 down at the 1905 level. i don't think the market is going to be happy until they do it. i wouldn't be surprised going into a long weekend if you see that trying to happen.
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>> do you agree with that? >> i don't. >> that is what makes a market. >> so i think what we are seeing is the without a doubt the nasdaq getting hammered led by the story from microchips this morning and their earnings and the big stocks. for a market look i think you can expect to see a flattening of positions by most traders from the trading perspective not wanting to go home short over this weekend as wild a week it would be. if you are short you have no protection. if you are long the worst case scenario. i look to see if bids are going into the close as protection against the weekend. we have a lot of time to go between here and there. i would suspect unlike yesterday where there were no bids and only nerve that wanted to buy going into the close i think you see bids going out. >> how important is europe? they have made a move on one of the other european countries, downgrade we saw earlier this
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hour. how important is europe next week versus our earnings picture? >> i think europe and earnings picture will go hand in hand and will be equally as important depending on the kind of news you get. if you get much more negative data that is trumping. on the other hand the microreports, individual company reports, the banks, tuesday is a big day, wells fargo, google next week also big names for people to watch. you can't really separate the two. i think they are equally as important. >> what about for you? europe versus earnings? >> i really think the financials are going to be key because from all of the people who watch the markets from a technical perspective the financials are a key to that move. i believe if anything you should be keeping an eye on the regional atf. looking to create a position on the financials. but i think from the european situation it is going to be up to themselves on how they handle
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it. there is a ruling expected next week on their omt. their outright money transact n transactions which is part of their version on quantitative easing. they have not been successful. if they fail at this i think that could be a significant drag. >> have a great weekend. we will see you next week. the dow may be jumping but the nasdaq composite slumping as you see right there off about 40 points. morgan brennan will have a check on the day's big movers at nasdaq. i know you have been worried about this. where in the world is kim jong-un? north korea's dictator has not been seen in weeks. i am worried about him. is he in power or is his little sister now running the country? he should have been nicer to her when they were little. we have that story. more "power lunch" ahead. your customers, our financing.
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welcome back to "power lunch." the nasdaq down about 1.1% trading near the lows of the day. down 48 points. the nasdaq is on track for a weekly loss of about 3% and on track for a 5% loss so far for the past month. semi conducters leading that downward slide after revenue warning from microchip something we spoke about earlier this hour. take a look at momentum stocks. we are seeing a sell off there. tesla, go pro, netflix, yelp, social stocks down about 2% as facebook, twitter and linked in all tumble. traders say this is part of a risk off trade moving into perceived safe haven stocks like utilities. those have been outperforming versus the tech sector which has been the weakest sector in the s&p 500. back to you. >> a growing mystery. north korea's leader kim jong-un
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has not been seen in public for more than a month. speculation mounts as to his whereabouts after missing another key political ceremony this week. where is lil kim? our chief international correspondent has the details. >> part of the story is he isn't so little anymore. he has gotten bigger. so the biggest news out of north korea is what did not happen. kim jong-un did not show up for this, the big party they have every year on october 10. today marked the 69th anniversary of the north korea worker's party. they have a big dance in the plaza there. normally kim jong-un shows us for this. he showed up last year and the year before. he has been the dictator after his father died and he inherited the position. we have not seen him in public since september 3. they have wrote a documentary which included video we will show you here where you can see in each of these he has a limp.
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today reuters had an exclusive quoter a source familiar with the government that said he has put on a lot of weight. he was out doing military exercises with the military. he injured his leg. it has gotten worse and so he is staying out of sight in the meantime. not everybody believes that. so there has been incredible speculation as to what has been going on. a couple of the big rumors have been gout. that has been very consistent. maybe there has been a coup. you talked about his little sister seen in public. could he be dead? there is speculation about that? a new report that suggests maybe this is a loyalty test. if he disappears for a while how does the country react? does it stay stable? do people try to do -- >> maybe fill a power vacuum there. >> we don't know.
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today is significant, though. >> sue? all right. thank you very much. coming up, take a look at the s&p 500. volatile swings in the market since the peak in mid september. there are still stocks leading the way higher. dominic chu will follow those for us. >> we screened the entire s&p 500 for those stocks that have done well since the market peak. some have been positive since the market has rolled over. we will have those stocks coming up right after the break. keep it here on "power lunch." when change is in the air you see things in a whole new way. it's in this spirit that ing u.s. is becoming a new kind of company. ing u.s. is now voya. changing the way you think of retirement.
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i've never felt so alive. get the future of phone and the phones are free. comcast business. built for business. check out shares of giliad giving approval to sell the first pill that promises to cure most hepatitis c patients without requiring other medicines. the drug builds on the blockbuster treatment. right now the stock is trading down about 0.1%. meg terrell will have more straight ahead on "street signs." >> personal injury attorneys. dom chu to run down a couple of stocks. >> not a personal injury attorney. i have something to show you for
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the markets. if you look at the stocks that have done the best sector wise health care, consumer staples and utilities have been star outperformers since the market peaked on the 19th of september. utilities positive. some of the individual stock standouts we look for the ones in the s&p 500 that did well positive during that time. look at mylan labs. one of the stocks have gone up in the timeframe. we have monster energy, monster beverage up 6%. people still like the consumer staples play on beverages. we have nike shares and global consumer up 7% since the market peaked. certainly weathering the storm and doing better than the overall picture. one of the best performing stocks is clorox. if you like bleach you like other consumer products that stock is up 8%. there are stocks that are having good news and nice moves to the
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upside. >> i like bleach, as well. let's see what is coming up on street signs. >> very strange day in the markets. there is actually a lot more to it than just exhaustion. bob luts is going to weigh in on what he thinks about the new f 150. lots of things coming up top of the hour. make sure you join us. "power lunch" does return after this quick break. nyquil cold and flu liquid gels don't unstuff your nose. really? alka-seltzer plus night rushes relief to eight symptoms of a full blown cold including your stuffy nose. (breath of relief) oh, what a relief it is. thanks. anytime.
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let's get you caught up on the markets right now. so far after this wild week we are still in the green on the dow by about 34 points. the s&p has dipped into the red by about 1.3 points. the nasdaq is the other story down more than 1%. the chip stocks getting hid. transports not confirming upside. they were down 2% on the transports and now down about 0.5%. and the yield is 2.30 on the ten year note. >> the mid term elections loom large. it has not figured in what is going on here. if there is a turn back for the up i think it doesn't come until after the mid terms when we will have some clarity on what comes.
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>> you heard it here first. i think you might be right about that. there is a lot of discontent about washington. >> hope you had a good weekend. that will do it for this edition. >> we will see you. these see saw markets seeing and sawing again. the dow is back up as sue and tyler just saw you. the best news for you perhaps may be the worst news in a long time for stocks. we will tell you what and why ahead. it was the best of times and the worst of times at least for the dow. yes, it has been an insane week. you can see the volatility here behind me on the great wall that we have created for you but mirrored another week that we have seen before and it was back in 1987 with the best and worst days of the year

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