tyler just mentioned, the markets hitting all time highs very strong weak of earnings let's go to bob pisani for all that the markets and the earnings reaction brings bob? >> i want to emphasize how broad the rally. is remember the past new highs it's all tech stocks not this time. this is a very broad rally we're seeing new highs in all sorts of sectors consumer names, sherwin williams, target, lowe's, hitting new high, and big industrials like honeywell, every day, hitting new highs a lot of the big mega cap teches are there as well. like microsoft a lot of retailers surprisingly, also hitting new highs broad rally. and you can see this in the sector it's not technology as the lead this week. techs up by 1% in line with the s&p. but no, we see defensive group leading this week. utilities. health care leading. real estate development trusts leading this week. things are broadening out. and old leaders like industrials and tech, they're doing okay, but there's more stocks moving forward in those more defensive groups so why are we hitting new highs? why is it broadening out pretty simple, fo

i think we will head to bob pisani good morning, bob. >> good morning, guys.n overseas. europe, hong kong, australia, china, essentially closed but we have got a very powerful rally that's been going on really for the last five or six days, growth has reasserted itself the new high in the s&p and the new high in the transports and new high in the industrials, and many sectors of the s&p also at new highs, let's take a look at some of the ones that are moving, reits, new highs, communication services, industrials at a new high, materials at a new high. and each financials, bank stocks not quite at a new high but financials as a sector have popped to a new high as well we've also got an interesting mix of new highs in the s&p 500. there's a very small group of tech stocks like alphabet and some of the chip names like lam research, new high, home depot curiously continues to hit new highs, a lot of people talking about that over the weekend, but what is really noticeable is the old school industrials, and your textron, norfolk southerns, and eaton, these are big

the company sell will delay its roll-out for more on the market impacts, let's get to bob pisani for the details. bob, the nasdaq under pressure. >> it's interesting. the market is saying it's a bit of a problem for confidence, but not much pretty modest reaction yes, they're modestly lower. but they start to move around a lot. meantime stay-at-home stocks, they were up at the open, but again not that much. fairly modestly, and you can see a couple numbers still on the down side here, but i would say these rules pretty modest here microsoft, nvidia, oracle, all at new highs there's your market leaders. of course, jpmorgan leads the way tomorrow, but they are normally weak. banks typically will underperform as they start recording and for a week or so after. so, no brought implications for the other vaccines those cti reports this morning that we got, there's some inflation, but it's under control. and there are very, very high expectations people are expecting to hear very positive guidance about the reopenings, no highs behind, we don't know what's going on maybe the big concern is e

let's get to bob pisani. ng carl and general risoff again today second day in a you but we're up almost 5% in the month of april. mega cap tech is split evenly, holding up fine. banks have been flattish since the earning season start and that is not unusual at all fairly typical energy is flat lined it's not going anywheres industrials have had a great run up until this week consumer staples also have been doing better up follow this week two things matter. hard of guidance system. we're interested in cost and interested in guidance guidance matters because the prices have moved up rather significantly and we need positive guidance to move the analysts along to keep increasing earnings estimates. we've had a number of companies raise guidance in the last few days dover, lockheed martin united healthcare. phillip morris and harley davidson all raised guidance here johnson and johnson came out this morning, they narrowed. but business conditions is what we want to hear about. and generally we're goating the posi

bob pisani joins us for more he always has the answers. hi, bob. >> hi, courtney. even though we're flat today, this is a powerful rally everything is working the low volatility, high volatility, the stay-at-home, most stocks are doing well why is it happening? we have a confluence of just about goldilocks market. we have an acsell rated vaccine roll-out president biden is talking about april 19 for all americans, not may 1st. the jobs report, the ism record, imf is estimating that global -- well above their prior estimates. i've been talking about these earnings revisions they keep rising, the estimates are going up for the first and the second quarter, and the market's internals, the advance/decline line and other internals we used to look at the markets have been stress strong. it's very fashionable to say people don't want the stay-at-home stocks anymore. i'm sorry, but the bigger names, the home depot, the lowe's the target, sherwin-williams, masco, they all hit new highs yesterday and against today new highs. people are still buying stuff for the home, but at

the s&p 500 and dow hitting a record high once again bob pisani with some details bob? >> the market's not spooked by the higher inflation term that is we saw earlier today from the ppi. so far powell won. there's no money to be made on fretding about inflation right now. take a look at the sectors the big story this week is growth is winning. tech stocks are up nicely this week and the stay-at-home stuff, bank stocks, they have been holding up well on top of that and why the market is doing well on the rotation story. the growth makes a comeback. look at the nice gains by the classic bill growth names? remember the s&p is up about 2% this week. so growth is back in a big way so are the stay-at-home stocks small groups sell them off? no we're at new highs nice to see that we turn to earnings next week. jpmorgan in the middle of the week and the big story is what will happen in terms of inflation story? is that a big issue? higher rates and inflation overall. talk to have lower margins because we have higher cost. some food companies have already reported higher costs an

bob pisani, that's nice to say has more for us. hi, bob. >> so great to see you again any warm my heart every time i see you. welcome back modest declines -- we love kelly. did i say modest what's half a percent with a 5% increase in the s&p in april alone? no particular headlines to account for the decline but tech is part of the weakness today particularly semiconductor stocks with an incredible run and very extended. long leads out there and weaknesses in banks. defensive names like consumer staples holding up better. notably on the weak side nvidia up 15% this month apple's up 10% this month and that's holding up very well. rough day for cathy wooden and the arc funds there. shopify, square -- they all highs in the middle of february when we had concerns of highest interest rates hit all high value, high beta names in the tech space and most did not go back to the old highs. february action here we saw another big day of declines in another group, electric vehicles. what's happening with tesla may be knock-on effects but stocks

. >>> bob pisani here, welcome to the etf edge portion of the "halftime report."e founder of b-u-z-z, buzz. he used artificial intelligence to pick stocks jamie, we had you on a month ago when buzz lost with dave portenoy as your manager it's weighed toward the old-school tech names, but you have a smattering of square, tesla, whatever inv-- what are investors saying >> certainly there's technology and growth-oriented names, but they're not necessarily the drivers of performance, and what's unique is its dynamic -- and understand whether it's growth or value, so far this year buzz is up about 13%. when we look at the names driving performance, it's a lot of those older names, names like ford, american airlines, that are in the top performers. we just rebalanced the index we do see that tilt continues where we have names like costco, target, objection denial petroleum, even united airlines. >> aieq continuing to have very -- your top picks here. what is in your model is continuing to recommend a heavily weighted model. >> this has really benefited the last 12 month

the s&p, again, record high dow, the vix closer to 16, this morning, than 17, and let's get to bob pisani >> hello carl, happy friday great week overall we're up 1% on the s&p all 11 sectors started on the upside two to one advancing to declining stocks this is a really strong week every single day i want to point out techs flattish today but it's fine this week. it's with the markets up about 1% but it's defensive stuff that has lagged before that sort of caught up this week, so health care, for example, and reits, have been doing well, and health care reits, health care up 2%, so far this week and the defensive doing well and banks up fractionally today and banks have lagged this week and two reason that the banks have lagged this week, one, they tend to drop a little bit going into earnings season and immediately after that, and the second reason is you know, other than the, the core numbers have been fairly peppered, the stuff that people who follow the economy care about, trading numbers have been fantastic with the big money center banks but now you're getting into the big regional

the dow's dropped this morning it's modest but the biggest since march 23rd let's get to bob pisani. . >> good morning. happy monday rare down day. but don't kid yourself, this is a very powerful rally. much stronger than expected economic data above expectations than we have earnings, we were expecting earnings to be better, but this is even better than the bulls were expecting on the earnings and the revisions are going up, and of course, the 10-year is behaving. all of this creating a very powerful rally kind of flattish today but the fact is, remember the rallies in january and february, if they were largely technology driven, this rally you've been seeing in the month of april, far, far broader, much broader participation, health care, utilities, moving on the upside, industrials moving to the upside so look what we've got here today. we have new highs in the large cap sector, in the s&p, we have new highs in the mid cap, we have new highs in growth and value. the russell 2000 is lagging a little bit but nobody is complaining about that and the breadth has been simply, well, brea

let's get to bob pisani. hey, bob. >> good morning, guys. friday this is a very modest reaction to a higher ppi. remember what happened to stocks in february, particularly tech stock, really got slammed on concerns about higher inflation, higher rates that's not happening really today. many traders feel that worrying about inflation is not a big money-making move right now. let's take a look at the sectors. you would think on a day like today, rates up, so the reflation trade, the banks would do better, energy would do better, industrials would do better and tech would be down in a netable way. well, tech is down but not much at all it's a very, very modest reaction take a look at some of the mega cap tech names here today. and you can see, i mean all of them started fractionally to the down side, the apples and the microsofts and the kla tencorp, but a modest reaction to a rise in rates in what seem to be higher inflation numbers high growth stocks as well, cathie woods stocks, whatever you want to call them and fairly modest reaction in th

well, you have red arrows across the board the dow is now off more than 300 points let's bring in bob pisani to tell you what's happening. >> good to see you, as always. not a lot of concern, we're up 5% almost on the month, down a couple days in the road, but it's very sensitive to commentary on earnings we had scott kirby on early, very enthusiastic about consumer travel, but the overall guidance was not terribly exciting. elsewhere, dow movers, a lot of earnings out, johnson & johnson, they narrowed their guidance, that was good. ibm is always a fairly low bar to get over, frankly, but they did all right. they affirmed their full-year guidance boeing had big management ann announcement the cfo is leaving nighti had a down grade from citi citigroup. nobody has come out and set we don't have any visibility. dover, one of the big global industrial companies talked about improving demand conditions that's the magic work. lockheed gave slightly higher guidance, though it's not moving the stock. united, philip morris, harley-davidson the other day raised guidance, so there really a lot of conce

let's go to bob pisani for more. >> hello there the important thing about today is we are at new highs s&p 500 at new high just the dow is -- let's not quibble. essentially at a new high. s&p 500 as i mentioned new high there and nasdaq 2%. the nasdaq hit the highs in february when interest rates started to move up but that's starting to fade here's what's important, number one,powell talking about an incomplete recovery. tax hike fears diminishing and earnings season upon us expecting better guidance. no more claiming we can't have visibility that's not going to work that they want to hear positive comments from the ceos about how the reopening is affecting the profits and expecting them to sound bullish and the analysts to start raising numbers aggressively earnings season will be much more interesting and why investor sentiment is euphoric notice how the interest rates have stopped creeping up and as that's happening we have seen the growth oriented sectors like technology, consumer discretionary come back to the fore in the last week or so and the value sectors like energy and bank

bob pisani, remember all the artwork, the bands, the vintage posters from back in the day >> can i throwa vote for team suburbs here? i know what the taxes are like but there's trash collection there's sewer, there's water you better be pretty handy if -- i've thought about it, dom, i don't think i'm up for it. >> i'm a suburbs guy, i'm fine with infrastructure, i'll stay right there. >> thanks, everybody suburbs, rural, whatever >> "closing bell" starts right now. >>> welcome to "closing bell." i'm sara eisen with will frost the dow is inching into the green, the s&p 500 is flat any close positive for the nasdaq or s&p 500 would be a new record close let's look at what's driving the action now one hour left of trading a number of names seeing big moves on a packed day of earnings season. ups is surging on blowout numbers. 3m, eli lilly, t

thank you for that bob pisani two day fed meeting begins today.niversary of the very first fed press conference to rick. >> and i'm sure the world is much better off because of these fed press conferences and the contagiousness all the other central banks have had certain issues like inflation it is very hard to understand how they are going to combat some of that temporary higher prices they expect down the road. we'll get to that. a two day of 10s we're consolidating, building on yesterday. if you open up month to date it jumps out at at you. april pretty much yields have been coming down but we're starting to turn and it isn't really that we're seeing an aggressive buying and retracement of the 174 high closing price yields which is currently the cycle high yield low price what we're really seeing is just a backing away. a taking off of the gas. it is not an active retracement. it is more like a passive time out. and if you open a chart up to spring of 2013 on break evans, which is the relationship between treasury inflation preekted securities

tyler mentioned, stocks are smashing records thanks to positive early returns from earning season bob pisani is looking at the numbers for us hi, there, bob >> hello, courtney we knew earnings were going to be good and we didn't know they would be this good. the reopening story economic numbers powering the market to new highs here and 350 new highs on the nyc including well-known reopening names including united parcel service, expediters and csx also moving up and avis also moving up and the economic reopening is proceeding very strongly and that is showing up in the earnings reports here the analysts have dramatically underestimated how strong the recovery is going to be. look at these numbers. normally analysts, the companies will be by 3%, 4%, 5%. u.s. bancorp almost 50%. look at these huge beats, beats are usually 3% to 6% the analysts very conservative and the market has been a little surprised and so we're doing better if you actually look at how these companies are doing, though the responses have been fairly muted. overall market keeps going up and some bank stocks are noisy becaus

already own, talking google, facebook and microsoft all hitting all-time highs today let's bring in bob pisani with what's working today and what isn't? >> frank, things are flattish. that's good news things have been going great the vaccine rollout is really strong so it's certainly good news to move sideways at record highs. everything is rotating through really nicely. you mentioned the tech stocks with leadership overall and not concerned that we're flattish this week. people love trading the thematic tech etfs and clean energy and 3d printing, cyber security etfs they've been showing some signs of weakness. i think the prices are very high on the thematic tech etfs. not surprising they're pausing a little bit here. the reopening stocks with runs up and down and weaker today and not saying that much see some hotels, airlines a bit on the downside but a pretty good run, particularly in the last two weeks finally some industrials and big consumer names with great runs, too. some stay at home stocks like sherwin williams and whirlpool they're weaker the key story is guidance for next week. th

let's go to bob pisani for more. >> hello, kelly. banks and reopening stocks doing better but no catalyst for the move down and just churning around right now it's the middle of earnings season and there's guidance again and so happy to hear that and the stock market so we had comments today from anthem, tenet healthcare asml all raising guidance to the upside not a single ceo i have seen declined to give guidance. nobody's hiding behind that old story anymore. one problem is peak everything right now we are in the middle of peak optimism the peak of the economic cycle is happening right now and probably the peak of the reopening news is happening meaning that this is priced in that's one problem a second problem, at new highs there are speculative parts of the market that took a hit and talking about spacs and there are other speculative sectors well off the highs the ipo market, more than 20% off the 52-week highs. then we had the cannabis -- it, too, way off the highings. clean energy stocks are well off the highs. lithium batteri

they may be but it may not be up to them we appreciate it we want do get more market reaction from bob pisani people ponder what it means for the current stock holdings and capital gains is an impact on the economy. >> the argument is this is a small part of the u.s. population that would be affected by this most people have their retirement funds behind tax sheltered accounts and not an issue for capital gains but the company affected by it is very, very influential and what's the concern worth? worth about 50 points in the s&p. we were real close to 2180 -- excuse me, 4180 moving on that issue earlier and down 50 points essentially on the s&p 500 as you can see there sitting right at the lows for the day. not surprisingly big cap tech stocks if you look at the qqq with very high multiples, they were affected rather quickly by this and that's down 1.5% from the highs and positive actually as that came out and banks we saw a flight to bonds. yields moved down a little bit on that. so banks were affected and sitting near the lows of the day and not particularly dramatic. the trend is clear it

here to break down the headlines, bob pisani, cema mody and robert frank let's begin with moody's downgrading two ev companies fisker is dropped from sell to neutral, and lordstown now in neutral. they lowered the price targets to $10 a share they write, we believe the time the margaret and platform will take added pornz as it becomes competitive. they go on to say risker is moving too slowly and lordstown is driving an inferior product to market. they are only down 1%. >> goldman is late getting to the story about let's get real on electric vehicles they all have three or four things in common number one, none of them make money. number two, they have all had huge speck thattive run-ups going into med february. number three, they all got hit big when interest rates started moving up mid february and all of them were clobbered along with the speculative areas of the market, spaces and they are all 40 to 70% off of their 52-week highs as a result of all of this, the run up in the speculative fever and the run up in interest rates. we knew there was competition but everyone was in the grips of

etfs by nature, and i'm going to upset bob pisani here, are pretty boring. so any etf, guy, is not a place where people can win the stock draft? >> yes, that's my point, i guess. i'm not casting aspersions here on the etf community, you get it but for this specifically i would have gone with individual names. i get why tan is in there. listen, kathy woods arc is in there as well so i understand that but i think there are more interesting places to go if i had been awarded the first pick in a draft, this is going to surprise some people, i might have taken either palantir or ford you look at that quarter out of ford, that quarter was ridiculous and it gives you a glimpse of what ford can be going forward. listen, i understand why the stock is down, chip shortage, the whole thing, but there's so much runway for letter f, i think that's the place to go. >> i think jim said if he was picking his names that ford might be one of them what about lennar, this is what andre iguodala selected. he talked about the fundamentals of the housing boom and even about some of

around guys, in general, reopening trade getting a bounceback energy is up almost 2% let's get to bob pisanigood morning, bob. >> yes, sort of a flattish day, energy is the big mover, let's take a look at the sector, but not really the sectors that are important. it's the bank earnings and of course coinbase that matters here, energy up as carl mentioned, material, industrials, tech on the flat side but as i said, the key story here is number one the bank earnings and i'm talking like eye-popping numbers. 80% above estimates for goldman sachs. more than 50, 60% for jpmorgan and wells fargo. these are numbers. and the trading numbers were astonishing. let me show you goldman sachs' trading numbers here 3.89 billion on fixed income. 3.69 billion on equities those equity numbers, that's 50% higher than the analyst estimates. the fixed income was 30% higher. these are really eye-popping numbers. here's the problem i've got with all of these astonishingly great numbers. it's hard to move the stocks these days you've got peak earnings revisions. they have been estimating the numbers are up and thi

record high s&p once again the vix below 17 let's get to bob pisani. hello, carl a great start to earnings season. three to one advancing to declining stocks take a look at the sec tors. they're really not what's critical, the tech is leading the way, the growth sector, and defensive and health care and consumer staples strong. energy weak. banks a little weak. this is typical. once banks start reporting, they're normally weak for a few days, into reporting season. i wouldn't be concerned about that what's amazing here is remember the gain they believe analysts have been underestimating the earnings so far they've been right and so far spectacularly right. look at today's numbers here the u.s. bancorp, bank of america, citigroup, united health, pepsico, nobody got it right, the highest number of any analyst was way below the reported number and most have 20 or more analysts and way off, and they didn't even hit the dart board let alone hit the bulls eye and that's what moves the stock market forward and we knew they were too conservative, but wow, they

have j&j about a one month low and we'll keep our eye on what obviously banks are trailing today bob pisaniof news today but is any of it market moving and the market is saying no. may be a surprise to a lot of people looking at the sectors and what's moving. tech is video game a good die. mega cap names and semis on the upside consumer discretionary up. amazon is having a good day. modest weakness in industrials and banks. not unusual into earnings season banks are the first reporters. nothing terribly surprising. kind of flattish on the open yes the reopening plays are down a little so you have 1-2% declines cruise lines, for example, 1-2% declines in the airlines not much these are high beta numbers and not surprising that decline. in fact it is modest yes you have a small up tick in the stay at hoem, work from home names. the pelotons of the world. the zooms, electronic arts, for example. 1%, 2% is not unusual. i call that fairly flat. so what is moving the markets? important thing is this is a bit of a wild card on johnson and johnson but maybe not as much as people think maybe a modes

great >> guys, we got our s&p record high and you got the 10:00 below 1 -- the 10:00 below 1.64 bob pisani high and a lot of sectors in the s&p 500 new highs. very forward mood on the street and good reason. take a look at the sectors a new high in the tech sector. and broad participation in health care doing accu-steel, reits, whenever you get tech, he health care, reits, all leading and industrials, very typical into earnings season, a little bit of a weakness in the few days before bank stocks here and if you take a look at what is moving markets now. you got to admit if you look at the incentive indicators, pretty euphoric we're not going to get a 20% tax situation for corporations maybe it will be 24 or 25% but not 28 and manchin is against getting rid of the filibuster. so tax hike fears that have been around for months no you are diminishing a little because obviously there's going to be something. but not anywhere near the worst case scenario. as for earnings, we're expecting a lot more guidance. a lot more guidance. not, we don't have visibility. people are expecting ceos to give