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Dec 28, 2016
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let's start with this market and bob pisani at the new york stock exchange. bob, about an hour ago i got many my car and drove up the fdr to make it for this fine program. the dow wasn't doing anything. what happened in the last hour or so? >> a pleasure to see you. don't see you often enough. good to see you down here. the lack of bids. the buyers have dried up and we have had no direction for now, 11 days in a row. the dow movers here, there is no particular pattern here. you got industrials like boeing and caterpillar, tech that is weaker, consumer names, health names. no pattern. just a general droop across the board here. i know this is a holiday season, volume is on the light side, we're getting exceptionally light volume. volume in the big etfs, financial, energy, is less than half of what it normally would be. that's exceptional, even on a
let's start with this market and bob pisani at the new york stock exchange. bob, about an hour ago i got many my car and drove up the fdr to make it for this fine program. the dow wasn't doing anything. what happened in the last hour or so? >> a pleasure to see you. don't see you often enough. good to see you down here. the lack of bids. the buyers have dried up and we have had no direction for now, 11 days in a row. the dow movers here, there is no particular pattern here. you got...
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Dec 9, 2016
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bob pisani said that. >> let's move on. now i want to show you charts before and after the election and the impact it had on some markets. run through these. here is the dow. the leader by far goldman sachs leading financials. a huge influence on the dow. >> highest price on the dow. that is literally driving it. >> a laggard has been apple which would be symptomatic of technology which has been a laggard. there is that. look at the dollar index. you mentioned 40% gains since 2011. since the election it has been up sharply, as well. the ten year yield has moved higher, as well. we all know that. it has gotten into the 240 range. almost at 2.5%. what has gone down is volatility index. look at the spike before the election. got to 22 and now down to 11 here. >> and gold and gold mining shares. they have been pushed aside. and your utilities. >> real estate, utilities, consumer staples have come back. what is remarkable is four days in a row. stocks, they figure this is the all clear so i will keep buying going into the close.
bob pisani said that. >> let's move on. now i want to show you charts before and after the election and the impact it had on some markets. run through these. here is the dow. the leader by far goldman sachs leading financials. a huge influence on the dow. >> highest price on the dow. that is literally driving it. >> a laggard has been apple which would be symptomatic of technology which has been a laggard. there is that. look at the dollar index. you mentioned 40% gains since...
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Dec 2, 2016
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as bob pisani reports, the company could be sending a message. >> reporter: caterpillar just raised a big red flag today to all the market bulls out there. the equipment maker fired a shot across the bow to all the traders who rushed to buy up stocks based on the vague notion that earnings will be significantly higher. the markets are hyped up because they think tax cuts, fewer regulations, and a massive stimulus program under a trump administration will lead to stronger economic growth. along comes caterpillar, speaking at a conference today, saying that while the company is encouraged by all the talk of tax reform and a reduction in earnings and potential infrastructure spending, earnings estimates for 2017 for caterpillar are too optimistic. so the company raised the red flag, even though analysts haven't really raised their numbers based on the trump victory, at least not yet. so what happened to caterpillar stock today? it moved down slightly on the news but it ended the day in positive territory, in fact at a 52-week high. why is that? because the market is convinced they're jus
as bob pisani reports, the company could be sending a message. >> reporter: caterpillar just raised a big red flag today to all the market bulls out there. the equipment maker fired a shot across the bow to all the traders who rushed to buy up stocks based on the vague notion that earnings will be significantly higher. the markets are hyped up because they think tax cuts, fewer regulations, and a massive stimulus program under a trump administration will lead to stronger economic growth....
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Dec 1, 2016
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bob pisani has more on the record-set mock. >> reporter: it was a quiet and tumultuous month.he s&p 500 and the small cap russell it,000, the best one-month-show in five years. financials best-showing in five years. industrials also had a great month up 8%. materials up 7%. it's all about hopes for an improving economy and lower taxes and infrastructure spending. but that improvement in financials, industrials and materials has come to the expense of interest rate-sensitive groups like real estate and utilities, as well as consumer staples. so colgate, kraft, pepsi all down on the month. the biggest drag from big-cap names. facebook, qualcomm, cisco, alphabet and even apple, all tech makes down on the month. the problem traders believe they're using technology stocks as sources of funds to buy more attractive sectors like industrials and banks and energy stocks. as for december, historically, here's the problem. it's expensive now. stocks are expensive because 2017 will see higher earnings partly because of the economy and they believe trump's agenda of lower taxes, fiscal sti
bob pisani has more on the record-set mock. >> reporter: it was a quiet and tumultuous month.he s&p 500 and the small cap russell it,000, the best one-month-show in five years. financials best-showing in five years. industrials also had a great month up 8%. materials up 7%. it's all about hopes for an improving economy and lower taxes and infrastructure spending. but that improvement in financials, industrials and materials has come to the expense of interest rate-sensitive groups...
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Dec 20, 2016
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as bob pisani explains, some may not be questioning the strength of the recent rally. >> reporter: withhe dow up only fractionally today and in the last five days, the russian ambassador to turkey may have taken some winds of the nottest morning rally. >>> a remarkable five weeks since the election with the markets up about 6%. largely on a belief a proposed combination of tax cuts, fewer regulations and a massive stimulus program will somehow translate into a surge in corporate profits in 2017. but that hope can only push stocks so far. there is a battle going on. instead of bulls versus bears, let's call it the pragmatists versus the opt might activities. the stock market going too fast, we don't know how stimulus programs will impact earnings because we don't know what the numbers are going to be or what the programs will be. the optimists saying use your imagination. we don't have to have all of the numbers, but we know all of this will be good for stocks. this may be a very flimsy foundation for a stock rally. that's essentially where we are now. and that flimsiness may be why the
as bob pisani explains, some may not be questioning the strength of the recent rally. >> reporter: withhe dow up only fractionally today and in the last five days, the russian ambassador to turkey may have taken some winds of the nottest morning rally. >>> a remarkable five weeks since the election with the markets up about 6%. largely on a belief a proposed combination of tax cuts, fewer regulations and a massive stimulus program will somehow translate into a surge in corporate...
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Dec 21, 2016
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bob pisani reports on the mood of the market from the new york stock exchange tonight. >>> close butot quite. the dow fell back. financial stocks like jpmorgan and goldman sachs led the charge, but weakness in consumer names like procter & gamble and johnson & johnson halted the advance. no matter, the trend in the market is up for two reasons. this powerful season force and momentum. seasonal forces because the last two weeks of the year, the market tends to rise. momentum because the market has been moving since the election on hopes that a division of tax cuts and fewer regulations and massive stimulus program will improve the economy and particularly translate into higher earnings for u.s. corporations. these two factors mean traders have been reluctant to sell stocks, so instead of selling and getting out, they sell one sector like bank stocks and then go and buy another one like technology stocks. this is called rotation. and while the market may just move sideways for a few days, it doesn't sell off to any appreciable expense, at least not so far. for "nightly business report,
bob pisani reports on the mood of the market from the new york stock exchange tonight. >>> close butot quite. the dow fell back. financial stocks like jpmorgan and goldman sachs led the charge, but weakness in consumer names like procter & gamble and johnson & johnson halted the advance. no matter, the trend in the market is up for two reasons. this powerful season force and momentum. seasonal forces because the last two weeks of the year, the market tends to rise. momentum...
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Dec 10, 2016
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bob pisani looks at whether this wave of optimism will bring back the average investor. >> the marketseep roaring to new highs and that's impressive. is it enough to light a fire under the average investor? and get them back in the gain in 2017? everyone knows we lost a vast swath of the investing public after the 2008 financial crisis. and for the most part, they haven't come back, even as the stock market has come roaring back. how bad is it? it's bad. a recent gallup poll said americans invest in stocks, a record low. the high was 65%. and that was way back in 2007. and more and more stock ownership is concentrated in the hands of the wealthy. 8% of all stocks are owned by just the wealthiest 10% of households. but stock ownership has become concentrated in fewer and fewer hands. every rally we have had in the last several years has been met with outrightder rigs. people just aren't buying it, and many of them are just afraid of losing money. but there's a couple of reasons that this particular rally might be a little bit different than the other ones. the most important thing is th
bob pisani looks at whether this wave of optimism will bring back the average investor. >> the marketseep roaring to new highs and that's impressive. is it enough to light a fire under the average investor? and get them back in the gain in 2017? everyone knows we lost a vast swath of the investing public after the 2008 financial crisis. and for the most part, they haven't come back, even as the stock market has come roaring back. how bad is it? it's bad. a recent gallup poll said...
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Dec 8, 2016
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for "nightly business report," i'm bob pisani at the new york stock exchange. >> telecom stocks wereome of the biggest gainers today and the move higher comes as a major telecom -- hangs in the balance. the heads of at&t and time warner were on capitol hill today, making the case for their proposed acquisition, and eamon javers was there. >> reporter: for randall stephenson and jeffrey buick us, the stakes couldn't have been higher today. an $85 billion deal up in the air and it's fate to be decided in a washington roiled by donald trump's populist campaign victory. >> do you think the mood of populism in this country is going to affect the possibility of this deal happening? >> no, i don't. i think the facts should become clear to everybody, and i think it will be good for consumers and good for competition. >> what do you make of donald trump tweeting out his criticism of individual companies that he doesn't like or thinks have done something wrong? are you worried about that as a leader in business, that this is something you have to focus on going forward? >> well, it's a complic
for "nightly business report," i'm bob pisani at the new york stock exchange. >> telecom stocks wereome of the biggest gainers today and the move higher comes as a major telecom -- hangs in the balance. the heads of at&t and time warner were on capitol hill today, making the case for their proposed acquisition, and eamon javers was there. >> reporter: for randall stephenson and jeffrey buick us, the stakes couldn't have been higher today. an $85 billion deal up in the...
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Dec 22, 2016
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bob pisani takes a look. >> reporter: the dow is on the verge of passing 20,000.he dow crossed 10,000 but moved above that in mid 2010. what got us to 10,000 to 20,000? the number one reason the dow doubled in price in the last six years is a federal reserve. by keeping rates low for so long, the fed forced investors into riskier assets like stocks and high-yield bonds and helped create a new acronym, t.i.n.a., there is no alternative. it did help earnings growth and allowed corporations to sell record amounts of debt, which they used largely to buy back stocks and pay for increased dividends. another factor in the move to dow 20,000 was financial engineering, you could call it. despite poor revenue growth from 2010 on, corporations became very adept at improving their bottom line by cost-cutting and investing in new technology. finally, there is the trump victory. the dow has added roughly 1,600 points since the election on hopes for lower taxes, repatriation of cash from foreign countries, less regulations and fiscal stimulus. there are few other factors that al
bob pisani takes a look. >> reporter: the dow is on the verge of passing 20,000.he dow crossed 10,000 but moved above that in mid 2010. what got us to 10,000 to 20,000? the number one reason the dow doubled in price in the last six years is a federal reserve. by keeping rates low for so long, the fed forced investors into riskier assets like stocks and high-yield bonds and helped create a new acronym, t.i.n.a., there is no alternative. it did help earnings growth and allowed corporations...
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Dec 30, 2016
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bob pisani is on the floor of the new york stock exchange. kick us off. pretty good year but looks like we're going to end it with a whimper unless something turns around in the next under three hours. >> i don't think that's likely. we are ending the quarter pretty much as we began it, with the financials in dominant position. they're outperforming. goldman the most important stock on the dow. 180 at the start of the election there. and now 240. travelers. these stocks have had huge -- jpmorgan up 30% for the year. the regional banks huge, regions up 50%. key corp. has to be up 30% at least. these are big, big moves. the overall market is still advancing. let's look at where we are in terms of the final trading day of 2016. remember the s&p is up roughly 10%, let's not quibble about a percentage small percentage. here is the two things you need to know. we're less than 1% from an historic high right now. for all the sideways action, the markets are holding up great. the more important thing, the broader market is holding up great. the advance decline lin
bob pisani is on the floor of the new york stock exchange. kick us off. pretty good year but looks like we're going to end it with a whimper unless something turns around in the next under three hours. >> i don't think that's likely. we are ending the quarter pretty much as we began it, with the financials in dominant position. they're outperforming. goldman the most important stock on the dow. 180 at the start of the election there. and now 240. travelers. these stocks have had huge --...
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Dec 29, 2016
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those are the issues everyone is debating right now, melissa. >> bob, thank you, bob pisani from the us tonight. the rule of thumb in general is 1% tax decrease is a 1% boost on s&p 500 earnings. that's where bob is getting the 20%, is what i'm guessing. you like the consumer names, heather. liking them into 2017? >> yeah, if we see some inflation, we get an uptick in wages, that will at some point in time translate to a positive for the consumer. i mean, it already is, consumer confidence is near 15-year highs. another trump tweet that we had -- >> thanks, donald. >> yes. hey, like i said, i went shopping recently, you can't even get a spot in the parking lots. online shopping is only responsible for 18% of total retail spending that we're seeing, up 4% year over year. it's not just online. the brick and mortars are successful to some degree right now. >> it will be important if the sentiment spills over into the facts of the stock price. because we know that the sector itself, auto, housing is not acting well. it's idiosyncratic, whether it's a nordstrom's or kohl's, online or not,
those are the issues everyone is debating right now, melissa. >> bob, thank you, bob pisani from the us tonight. the rule of thumb in general is 1% tax decrease is a 1% boost on s&p 500 earnings. that's where bob is getting the 20%, is what i'm guessing. you like the consumer names, heather. liking them into 2017? >> yeah, if we see some inflation, we get an uptick in wages, that will at some point in time translate to a positive for the consumer. i mean, it already is,...
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Dec 15, 2016
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brian, guys, back to you. >> thank you so much, bob pisani, on 20,000 march.ll to come, we are keeping our eye on the markets with dow 20,000 in sight after bullish housing data earlier this morning. major averages are up across the board. check out where the ten sectors are. fairly mixed. looking at the dow today, united technology, nike, 3m, fiz esche and exxon the only components in the red. what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley can this much love be cleaned by a little bit of dawn ultra? oh yeah one bottle has the grease cleaning power of two bottles of this bargain brand. a drop of dawn and grease is gone. we need to be ready for my name's scott strenfel and r i'm a meteorologist at pg&e. we make sure that our crews as well as our customers are prepared to how weather may impact their energy. so every single day we're monitoring the weath
brian, guys, back to you. >> thank you so much, bob pisani, on 20,000 march.ll to come, we are keeping our eye on the markets with dow 20,000 in sight after bullish housing data earlier this morning. major averages are up across the board. check out where the ten sectors are. fairly mixed. looking at the dow today, united technology, nike, 3m, fiz esche and exxon the only components in the red. what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers)...
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Dec 28, 2016
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bob pisani is more with this. >> it's a simple strategy, and that's part of the appeal.uy the ten highest yielding stocks attend of each year and hold on to them. it's basically a value strategy. however, the top dogs of the dow by dividend for 2016 were verizon, chevron, caterpillar, ibm and exxonmobil. procter & gamble, walmart, cisco, they rounded out the 2016 list. this strategy typically works because the higher yield often makes the difference. that's one reason it has notably outperformed in the last couple of years. it worked this year for a slightly different reason. the dow is up almost 14%. but the ten dogs, they're up nearly 17%. outperformance. but this is because many investors chased dividend paying stocks to very high levels earlier in the year because many were convinced we were in a low growth era, the so-called new normal. so dividend pair payers wrote would outperform. that's why real estate was a top performer in first of the year. since the election growth strategy vass outperformed. and out with real estate, out with consumer staple, and in with th
bob pisani is more with this. >> it's a simple strategy, and that's part of the appeal.uy the ten highest yielding stocks attend of each year and hold on to them. it's basically a value strategy. however, the top dogs of the dow by dividend for 2016 were verizon, chevron, caterpillar, ibm and exxonmobil. procter & gamble, walmart, cisco, they rounded out the 2016 list. this strategy typically works because the higher yield often makes the difference. that's one reason it has notably...
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Dec 13, 2016
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bob pisani live at the nyse as we close in on the big 20 k. bob, first you, the preview. >> yes, the important thing is what pushed the dow and all the other major indices to historic highs in the most recent leg of the rally has been a notable rotation. look at the sectors in the s&p 500 in november that were the market leaders. we talked about the financials all throughout the month as well as industrial and material names. consumer discretionary to a lesser extent. that's changed in december. yes, take a look at december. yes, financials are still up there and doing well. we see telecom stocks, real estate stocks, we see utility stocks, we see consumer staples, these were all laggards in november. they're coming forward. as a result of that rotation, something falls back, like industrial material name, something comes to take this place. like consumer staples, for example, you see this in the dow as well. and the dow is also seeing this. so, yes, you got goldman sachs and you got jpmorgan all doing really well. that hasn't gone away. but now
bob pisani live at the nyse as we close in on the big 20 k. bob, first you, the preview. >> yes, the important thing is what pushed the dow and all the other major indices to historic highs in the most recent leg of the rally has been a notable rotation. look at the sectors in the s&p 500 in november that were the market leaders. we talked about the financials all throughout the month as well as industrial and material names. consumer discretionary to a lesser extent. that's changed...
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Dec 28, 2016
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spending time with cnbc's bob pisani. let's bring you in. you're right behind me. could look over my shoulder and talk to you here. couldn't hear the conversation. what'd you guys talk about? >> he's here with his nephew, getting a tour of the floor. he was standing there talking with jason for a while about what was going on and how the floor operates. i asked him how he felt about what goes on on the floor, and he said it was very interesting. he wanted to learn a little bit more about what we do here on the floor and how it operates. didn't give me any indication -- of course, apple lists on the nasdaq, not on the new york stock exchange, but said he was happy to be here. i did ask about how he's feeling for 2017. he said he didn't want to talk about how business was, but he felt optimistic. i think importantly, i asked about the airpods, the new wireless earbuds that apple has just put on sale and which is the scarcest product in new york. brian, i've been wandering around like a homeless person for a week trying find a pair. there is not a pair to buy in new y
spending time with cnbc's bob pisani. let's bring you in. you're right behind me. could look over my shoulder and talk to you here. couldn't hear the conversation. what'd you guys talk about? >> he's here with his nephew, getting a tour of the floor. he was standing there talking with jason for a while about what was going on and how the floor operates. i asked him how he felt about what goes on on the floor, and he said it was very interesting. he wanted to learn a little bit more about...
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Dec 9, 2016
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bob pisani and dominic chu with us. >> stocks at new highs. the return of the average investor. retail traders return to the market november, average number of trades done at schwab, e-trade, up notably in november over october. that's a good sign. since 2008, the average americans walked away from the stock market. they don't want anything to do with it. april gallup poll indicated 52% of americans invested in stocks now. that's tied for the lowest on record. 65% invested back in 2007. the vast majority of stocks, owned by the top 10% of households, but what would it take to get more investors intereste eed in the stock mark. sentiment may already be changing, hope you were listening to today's cnbc all america economic survey indicating 40% believe now is a good time to invest in stocks. that's better than the 30% before the election. also, will real estate be the top choice? it was the top choice, still is for best investment now. but stocks gained the most ground at the expense of gold, real estate and treasuries. stock trending up. that's encouraging. wouldn't it be somethi
bob pisani and dominic chu with us. >> stocks at new highs. the return of the average investor. retail traders return to the market november, average number of trades done at schwab, e-trade, up notably in november over october. that's a good sign. since 2008, the average americans walked away from the stock market. they don't want anything to do with it. april gallup poll indicated 52% of americans invested in stocks now. that's tied for the lowest on record. 65% invested back in 2007....
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Dec 13, 2016
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bob pisani with me here. doesn't like we are going to make it today. >> we will. >> like a watched kennel never boils. >> simmering right now. the number of times that the market teased us dow 10,000 held and held. >> 1999. remember that? >> where was the strength and weakness today? apple for much of the day. strongest dow component while boeing was weakest here. >> this rotation we talk about apple was weak in november and now come to the fore. consumer staple stocks were weak. that is why this is so powerful. >> wti continuing to creep higher hitting 17-month high today. right now trading at 5281. the day before the fed meeting they had an option that went very well. it is at 18-month high with yield around 315. >> not going to take away from the rally. the day before the fed meeting traditionally a rally day. s&p goes up a little less than 1 percent historically which is what we are getting today. 0.36% gain. materials and industrials falling back a little bit as everything else comes to the fore. >> no 2
bob pisani with me here. doesn't like we are going to make it today. >> we will. >> like a watched kennel never boils. >> simmering right now. the number of times that the market teased us dow 10,000 held and held. >> 1999. remember that? >> where was the strength and weakness today? apple for much of the day. strongest dow component while boeing was weakest here. >> this rotation we talk about apple was weak in november and now come to the fore. consumer...
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Dec 27, 2016
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bob pisani standing behind us. >> and it is groundhog day. we went up 25 points. it's pretty narrow right now. remember the leadership still in tact. biggest stock on the dow price weighted index. it's seven to eight points. caterpillar moving up in the middle of the day. that is helping out a little bit. it is three or four points. swing around here let me show you mercke. it started moving up. it is a small move but getting to dow 20,000. ibm is a laggard up two or three points. most of the rest of the dow is completely flat. a few aren't helping at all. wish theywit get off of their butts. here is nike costing us four or five points on the down side. what does it all mean? the big stock in the last month and the last since the election has been goldman sachs. huge moves, about 20% of the move. entirely due to goldman sachs. travelers, boeing and apple. >> thank you very much. we'll see you later. on we go. let's get to our "closing bell" exchange for this tuesday. david wadell is with us today. kenny p from o'neil securities at post nine and rick santelli check
bob pisani standing behind us. >> and it is groundhog day. we went up 25 points. it's pretty narrow right now. remember the leadership still in tact. biggest stock on the dow price weighted index. it's seven to eight points. caterpillar moving up in the middle of the day. that is helping out a little bit. it is three or four points. swing around here let me show you mercke. it started moving up. it is a small move but getting to dow 20,000. ibm is a laggard up two or three points. most of...
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Dec 19, 2016
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bob pisani is the new york stock exchange. bob. >> hello, michelle.er far fewer ipos went public, issuers are hoping for a roaring comeback in 2017. there is reasons to be optimistic. historic highs from the stock market, second, a business friendly administration with the stated goals, less regulation and lower taxes. any reduction in taxes and regulation would be a major plus for ipos because it would increase the public valuation of the company. several ipo sectors could be very hot in 2017. here is three i chose. year of the tech unicorn, limited partner schaapships loor reasons to cash out. energy companies, there are only two energy ip oxs in 2016, but with oil stabilizing between $50 and $60, many shale based oil companies that could be profitable. and maybe saudi aramco, trillion dollar listing. finally, small banks, innovative companies, a spread between what they lend and how much money they have to pay on deposits. that yield curve is steepening. many small banks, private banks, more profitable and more likely to go public in 2017. as with
bob pisani is the new york stock exchange. bob. >> hello, michelle.er far fewer ipos went public, issuers are hoping for a roaring comeback in 2017. there is reasons to be optimistic. historic highs from the stock market, second, a business friendly administration with the stated goals, less regulation and lower taxes. any reduction in taxes and regulation would be a major plus for ipos because it would increase the public valuation of the company. several ipo sectors could be very hot in...
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Dec 7, 2016
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let's get to bob pisani on the floor. hey, bob. >> hello, carl.arket, but you're right about the drugs underperforming. let's look at etf sector winners and losers right now. pgp, that's the pharmaceutical sector, see that one to the downside? of course president-elect saying doesn't like drug prices too high, we're going to get used to this. one day don't like boeing, next day don't like time warner, next day the drug industry. get used to that. but the market leadership stocks still okay. financials and energy, but here's something interesting consumer staples terrible month in november. it's starting to show some life now in december. so the trump rally is continuing, but it's evolving. it's changing. remember what happened in november? it was basically buy the trump sector winners so we saw huge outperformance in financials and industrials and material stocks and huge underperformance with real estate and utilities and staples. utilities and financials a 20-point difference in performance in november in three weeks. that's extraordinary. you n
let's get to bob pisani on the floor. hey, bob. >> hello, carl.arket, but you're right about the drugs underperforming. let's look at etf sector winners and losers right now. pgp, that's the pharmaceutical sector, see that one to the downside? of course president-elect saying doesn't like drug prices too high, we're going to get used to this. one day don't like boeing, next day don't like time warner, next day the drug industry. get used to that. but the market leadership stocks still...
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Dec 28, 2016
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let's head to bob pisani. >> we headed towards 20,000 and then lost steam.the 38 dow stocks are on the upside. let me show you, they're the ones that are really important. there's the dow intraday in positive territory just moved down hire. by the way, this is not an unusual move. the dow usually moves 125 point range in a day, we've only moved 60 point range. just matters because we're so hyperfocused on dow 20,000. financials have been what mattered since the election. goldman up, travelers up, we've been expecting oil stocks to move up with oil closing at a new 52-week high yesterday. it's up again today. chevron, exxon up fractionally but not that much and was really disappointing yesterday. no help from big industrials for example on the downside. so boeing or tech like cisco or microsoft, there's no real pattern here. some industrials are up, some tech are up, some are not. we're sort of wandering around here in the wilderness looking for leadership. meantime, there was an interesting article in "the wall street journal" saying the new york stock excha
let's head to bob pisani. >> we headed towards 20,000 and then lost steam.the 38 dow stocks are on the upside. let me show you, they're the ones that are really important. there's the dow intraday in positive territory just moved down hire. by the way, this is not an unusual move. the dow usually moves 125 point range in a day, we've only moved 60 point range. just matters because we're so hyperfocused on dow 20,000. financials have been what mattered since the election. goldman up,...
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Dec 15, 2016
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bob pisani is live on the floor of the new york stock exchange. >> we are, indeed, michelle and we're losing steam in the middle of the day. still up. take a look at the dow. slightly different pattern than in the last week and a half. recently, the dow has tended to rise in the middle of the day after the european close suggesting there was selling pressure from europe. the opposite is happening today. too early to say this is a change in the pattern. none is less, the doup leadership is in tact, centered around financial stocks. new highs today and jpmorgan and goldman sachs. two stocks, 52-week highs. these four stocks alone are 60 points in the dow, b so a good 60% of the move up due to these four stocks. remember, they were laggards in november, but have been strong in december. they, too, are adding to the dow. the problem is the industrials. we have had a stall in the space with ge, boeing, 3m. 3m is down three days in a row. boeing and unit eed tech are do two days in a row. it's what's holding back the dow right now. the overall market, will higher rates and the stronger doll
bob pisani is live on the floor of the new york stock exchange. >> we are, indeed, michelle and we're losing steam in the middle of the day. still up. take a look at the dow. slightly different pattern than in the last week and a half. recently, the dow has tended to rise in the middle of the day after the european close suggesting there was selling pressure from europe. the opposite is happening today. too early to say this is a change in the pattern. none is less, the doup leadership is...
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Dec 1, 2016
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. >> bob pisani points on out stock market, 17 times earnings expectations of next year.re getting high. high expectations. >> we'll have to see. "squawk box" comes next. russell 2000 up close to 11%. quite a stunning gam
. >> bob pisani points on out stock market, 17 times earnings expectations of next year.re getting high. high expectations. >> we'll have to see. "squawk box" comes next. russell 2000 up close to 11%. quite a stunning gam
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Dec 29, 2016
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bob pisani here on the floor of the stock exchange. i will say, bob, no response on the russian sanction story either here. >> although that is interesting it is not impacting the stock market. what is is the lack of bids and lack of leadership, not big moves so far but i want to keep an eye on the banks. remember i said goldman sachs, the biggest stock and the biggest mover, do the math there. that is a lot. almost 50 points in the dow just in the last 24 hours or so. other banks have been trending downwards. citi was $61 just a couple of days ago. it is low 59. bank of america, the whole thing is very similar. some of this may be due to pension rebalancing, the tendency to buy bonds and sell stocks at the end of the year due to the way the bond stock market had moved. we have seen pretty good volume in the big bond etfs. agg is the biggest bond etf out there. that has been trending up on pretty good volume given seasonally light situation. there is the agg for the week. at the same time the ten-year yield has gone from 2.6 to below 2.
bob pisani here on the floor of the stock exchange. i will say, bob, no response on the russian sanction story either here. >> although that is interesting it is not impacting the stock market. what is is the lack of bids and lack of leadership, not big moves so far but i want to keep an eye on the banks. remember i said goldman sachs, the biggest stock and the biggest mover, do the math there. that is a lot. almost 50 points in the dow just in the last 24 hours or so. other banks have...
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Dec 29, 2016
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bob pisani rejoining us from the floor of the new york stock exchange. nd bob, for what, two week, it was 20k. that appears to have gone away. i did not mean to run. we will, but are turning our attention to 2017. i want to point out here, keep an eye on the banks because this slow, slow last two or three days morgan stanley, bank of america, goldman sachs is 244. yesterday, 237. today. that's a lot of air out of that part of the dow. biggest stock in the dow. part of this might be due to bond yields here we were 260 just a short while ago. here's your ten year. down below 2.5. that's one reason i think banks are under a little bit of pressure. elsewhere, there's a bunch of other stocks. not a big deal, but you want to keep an eye on your nike, boeing. united health, unh. intel as well. all down b about 1% so far. again, the big problem, no real leadership to take the place of the banks and industrials that were the prior leaders. >> thank you. the s&p 500 down slightly today, but it's been a strong year for the index, up nearly 10%. the s&p also on pace
bob pisani rejoining us from the floor of the new york stock exchange. nd bob, for what, two week, it was 20k. that appears to have gone away. i did not mean to run. we will, but are turning our attention to 2017. i want to point out here, keep an eye on the banks because this slow, slow last two or three days morgan stanley, bank of america, goldman sachs is 244. yesterday, 237. today. that's a lot of air out of that part of the dow. biggest stock in the dow. part of this might be due to bond...
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Dec 14, 2016
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we want to get to bob pisani. bob, what is the reaction?listen, if the goal is to not move the market, it's a master full statement. we're essentially unchanged. one or two points in the s&p is not statistically significant. any move that indicates steeper yield curve, higher rates would move true here very small here. that is not a big move overall. if you take a look at some of the more interesting rate sensitive areas like real estate for example, just a very small crop. bu drop. but this is normal that you see on a typical day.p. drop. but this is normal that you see on a typical day.p. drop. but this is normal that you see on a typical day.p. drop. but this is normal that you see on a typical day.drop. but this is normal that you see on a typical day. most moving slightly to the down side. so we were talking to people down here what she had to accomplish. she has to continually acknowledge the improvement of the economy. they did so here. they didn't upgrade the economic analysis in the first paragraph. she doesn't want to send a stron
we want to get to bob pisani. bob, what is the reaction?listen, if the goal is to not move the market, it's a master full statement. we're essentially unchanged. one or two points in the s&p is not statistically significant. any move that indicates steeper yield curve, higher rates would move true here very small here. that is not a big move overall. if you take a look at some of the more interesting rate sensitive areas like real estate for example, just a very small crop. bu drop. but...
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Dec 19, 2016
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let's get to bob pisani. hey, bob. >> good morning, carl. happy monday everybody.re up just barely. and i would say once again this is the fourth day in a row a bit of trendlessness in the market right now. take a look at the sectors for the morning. and remember our leadership groups, banks are up, but they've stopped really providing leadership for the last several days. industrials same thing, very fractional gains here, materials were okay until the middle of last week when they just sort of fell apart. so we're looking for some leadership here just up fractionally today. i say trendless because there's a battle going on, not between the bulls and the bears. i call it the battle between the pragmatists and the optimists. the pragmatists are saying we can't keep going up because we don't have any idea how much tax reduction and fiscal stimulus is going to impact earnings. we can't do a model on it. we don't have the numbers. the optimists are simply saying, listen, just use your imagination here. higher economic activity is going to justify an expansion of earni
let's get to bob pisani. hey, bob. >> good morning, carl. happy monday everybody.re up just barely. and i would say once again this is the fourth day in a row a bit of trendlessness in the market right now. take a look at the sectors for the morning. and remember our leadership groups, banks are up, but they've stopped really providing leadership for the last several days. industrials same thing, very fractional gains here, materials were okay until the middle of last week when they just...
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Dec 20, 2016
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bob pisani on the floor of the new york stock exchange. bob, give us a rundown of what has gotten us this far so far. >> the important thing is to understand why we had the big move from the middle of 18,000 for the dow, before the election to 20,000 today. so let's take a look. why the moves? two things that are really important. number one, the seasonal factors, the last two weeks of the year, very powerful historically, dow is up an average of 1.6%, just in the last two weeks. number two, most importantly, the big momentum that we have been getting from the election, the idea that we're going to get tax cuts, going to get less regulations, going to get a stimulus program, earnings are going to expand. as a result of these two factors, no stock for sale hasn't been for five or six weeks. we get the markets moving sideways, but there is no big sell-off. the market just rotates and essentially we go sideways. there is no sell-off, but also no big buying rush. look at the etf here, volume is average today, and the reason this is happening is
bob pisani on the floor of the new york stock exchange. bob, give us a rundown of what has gotten us this far so far. >> the important thing is to understand why we had the big move from the middle of 18,000 for the dow, before the election to 20,000 today. so let's take a look. why the moves? two things that are really important. number one, the seasonal factors, the last two weeks of the year, very powerful historically, dow is up an average of 1.6%, just in the last two weeks. number...
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Dec 1, 2016
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let's get to bob pisani. bob. >> good morning, guys.ember is starting very much like november looked, and that is the leadership groups are bank stocks and some of the industrial names. take a look at some of the sectors here. energy obviously the leader right now, but we're also seeing banks, materials, industrials lead. looks a lot like november and lagging of course the consumer staples, some tech names again lagging as well, interest rate sensitive. there's two new high groups here, only two, energy and banks. we did this yesterday. it looks exactly the same way. there you go, new highs, a whole slew of the oil stocks. oil is $45 yesterday morning. folks, it's $51 today. that's a breathtaking -- that's a 15% move in the number one trading commodity in the world. truly breathtaking. the other group, you know about the banks, yesterday were hitting new highs, every single money center bank is at new highs. citi group's at a new high as well. most of the big regionals also are sitting at 52-week highs. folks, that's basically it. that'
let's get to bob pisani. bob. >> good morning, guys.ember is starting very much like november looked, and that is the leadership groups are bank stocks and some of the industrial names. take a look at some of the sectors here. energy obviously the leader right now, but we're also seeing banks, materials, industrials lead. looks a lot like november and lagging of course the consumer staples, some tech names again lagging as well, interest rate sensitive. there's two new high groups here,...
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Dec 7, 2016
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the records keep running on, bob pisani at the new york stock exchange. >> let's call this one a slow meltup. the volume is not heavy, but the overall market is lifting with a little emphasis on the out of favor groups like real estate and telecom. let's look here. new highs, intraday highs from the dow industrials, s&p, russell 2000. we're very, very close on the midcaps. sector check, you'll notice here, telecom, real estate, consumer discretionary, technology, what do they have in common? they were laggards in the month of november. laggard groups are now moving up rather noticeably here. so remember all those big moves that we had in november in terms of the financials and industrials, other sectors starting to move. 300 new highs down here at the new york stock exchange, haven't seen that in a while. groups, american express, cummins, norfolk southern, best buy, retailers, financials, you got big industrials, very broad swaths of stocks hitting new highs right now. the market is getting more even. remember what happened in november? we had financials and industrials moving up dra
the records keep running on, bob pisani at the new york stock exchange. >> let's call this one a slow meltup. the volume is not heavy, but the overall market is lifting with a little emphasis on the out of favor groups like real estate and telecom. let's look here. new highs, intraday highs from the dow industrials, s&p, russell 2000. we're very, very close on the midcaps. sector check, you'll notice here, telecom, real estate, consumer discretionary, technology, what do they have in...
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Dec 8, 2016
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we have bob pisani tracking the action here on the floor of the new york stock exchange and michael santoli covering gains in international markets. bob, let's start with you today. >> the bottom line is the rally is continuing although we are off of the highs here. let's review the three components of the rally besides the gradually improving economy. we have the trump rally with help for gdp expansion that we have been talking about. we have seasonal strength. and then we have sector rotation underway. what do i mean by sector rotation? take a look at some names that are moving today. besides banks that have been leadership real estate and technology has been moving, as well. we have seen other things like autilities moving up. they have been laggers today. that is the rotation that i'm talking about. one thing very interesting, industrials have been a market leader and showing unusual weakness today. too early to call a trend. defense stocks, they have been big market leaders. all the big defense names are down rather notably here today. number two, other industrials in this space. i'm t
we have bob pisani tracking the action here on the floor of the new york stock exchange and michael santoli covering gains in international markets. bob, let's start with you today. >> the bottom line is the rally is continuing although we are off of the highs here. let's review the three components of the rally besides the gradually improving economy. we have the trump rally with help for gdp expansion that we have been talking about. we have seasonal strength. and then we have sector...
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Dec 21, 2016
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let's use this moment to get to bob pisani see what's moving on the floor. >> good morning, carl. as you can see we're down here, but we're close enough, what we're seeing in the action is very sloppy right now. there's not a clear trend in the market. so if you look at the sectors, we've got energy, materials up, utilities up a little bit, real estate's up a little bit, financials have fallen back after improving a little bit. they were market leaders then became laggards here. this is looking a little sloppy and indeterminate right now. there's not clear sector leaders like we had in november and the early part of december. i want to point out what fed ex's numbers were. you guys talked about it so i won't belabor it, but fed ex is trading on the downside. i think more importantly is what our cfo there, the cfo of fed ex, alan graf had to say about potential tax cuts, if you think about our tax rate, would be a mighty fine christmas gift and all kinds of questions on the conference call talked about positive impact on economic growth and bottom line being
let's use this moment to get to bob pisani see what's moving on the floor. >> good morning, carl. as you can see we're down here, but we're close enough, what we're seeing in the action is very sloppy right now. there's not a clear trend in the market. so if you look at the sectors, we've got energy, materials up, utilities up a little bit, real estate's up a little bit, financials have fallen back after improving a little bit. they were market leaders then became laggards here. this is...
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Dec 23, 2016
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bob pisani on the floor there.ioned momentum, let's head up to the nasdaq where we find our bertha coombs seeing if there's any movers to the upside there, bertha. >> well, you know, blue chips this morning a little below par, but chips have really been the momentum movers within the nasdaq. that's really what's moved the nasdaq all this month. in fact, we are on pace for a 2.5% gain this week when the rest of the market has been absolutely flat. and for the year the chips sector is up 39%. some of the stocks there that have been at all-time highs taking a little bit of a breather today, but they include nvidia and micron, they've been moving higher all year helping to lead this rally. meantime, take a look at fred's, this is a small pharmacy discount chain which this week its stock propelled 80% on tuesday after it announced a deal to buy rite aid stores. now it turns out that alden global, an investment firm capital has a 25% stake in that company, and they are apparently interested in talking about this deal alt
bob pisani on the floor there.ioned momentum, let's head up to the nasdaq where we find our bertha coombs seeing if there's any movers to the upside there, bertha. >> well, you know, blue chips this morning a little below par, but chips have really been the momentum movers within the nasdaq. that's really what's moved the nasdaq all this month. in fact, we are on pace for a 2.5% gain this week when the rest of the market has been absolutely flat. and for the year the chips sector is up...
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Dec 22, 2016
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. >>> all right, let's get to bob pisani who has more for us this morning on what's moving, bob. >> we'reng in the wrong direction here. we're talking about a dow 20,000 thing and it's not happening right now because there's a complete lack of leadership in the last five days. this has been an ongoing trend. let me show you sectors today. this is nothing stepping up to the plate here. so everything is just kind of flat, energy, tech, materials, industrials, banks, which was the major leadership group in november, none of them are really stepping forward. you can see this in the action in the individual stocks the last five days. just put up industrials and financials, show you a few of them. united tech's been doing all right. these are the last five days we're talking about. but caterpillar, also industrial, hasn't been doing anything. travelers and financials have been doing all right, but goldman which i called yesterday, the most important stock in the dow for this quarter because it's about 25% of the dow's gains, has just faded away in the last five or six days. that's not good. tak
. >>> all right, let's get to bob pisani who has more for us this morning on what's moving, bob. >> we'reng in the wrong direction here. we're talking about a dow 20,000 thing and it's not happening right now because there's a complete lack of leadership in the last five days. this has been an ongoing trend. let me show you sectors today. this is nothing stepping up to the plate here. so everything is just kind of flat, energy, tech, materials, industrials, banks, which was the...
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Dec 20, 2016
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i know bob pisani, you're still watching this on the floor. >> good morning, carl, yes.hat's happened today and it's given us a little oomph is the two main leadership groups have reasserted themselves. we talked about the dominance of financial stocks in november. they have sort of fallen back in the last week and a half, many of them have gotten off the new high list, but again today, jpmorgan, morggoldman sachs, ev travelers in the insurance group, all of powerful today. that's a very, very big force in the s&p 500. the largest sector, though, are technology stocks. about 21% of the s&p 500 is technology stocks. the bigger the cap, the more important. so again today you have intel, you have microsoft sitting at an historic high. you've got apple moving up. these are three very powerful forces in the s&p and even in the dow jones industrial average. remember the dow is a price weighted index so a stock like goldman, the biggest and most expensive stock, has disproportionate influence. it's very simple, you combine financial stocks being powerful with technology stocks
i know bob pisani, you're still watching this on the floor. >> good morning, carl, yes.hat's happened today and it's given us a little oomph is the two main leadership groups have reasserted themselves. we talked about the dominance of financial stocks in november. they have sort of fallen back in the last week and a half, many of them have gotten off the new high list, but again today, jpmorgan, morggoldman sachs, ev travelers in the insurance group, all of powerful today. that's a very,...
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Dec 16, 2016
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bob pisani has more. >> we have a reversal. stocks down, gold up, buying yields down.ersal. we're due for a pause. the dow jones industrial average, you see what happened around 11:00, we had a little news item, seizing an unmanned, underwater drone, international waters, belonged to the u.s. navy in the south china sea. i think that that did have an impact, cost 50 point on the dow. we were due for a plus, headed in that direction. look at the dow laggards. our leadership groups, financial stocks, they're down today, generally. and recently, some of the tech names have been doing better. they're down as well. the leadership group is falling apart a bit. look at the dow leaders. industrials, saying all week, lacking because people are concerned about the dollar, they're on the upside. when you have all of a sudden just no trend at all, one day to the next, leadership and changes, that's a sign the market is hesitant about where it is going now. the markets today, very clearly, starting to look a little trendless and daily leadership changes is the important thing. look
bob pisani has more. >> we have a reversal. stocks down, gold up, buying yields down.ersal. we're due for a pause. the dow jones industrial average, you see what happened around 11:00, we had a little news item, seizing an unmanned, underwater drone, international waters, belonged to the u.s. navy in the south china sea. i think that that did have an impact, cost 50 point on the dow. we were due for a plus, headed in that direction. look at the dow laggards. our leadership groups,...