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Pete's right. It's an excellent observation; to this point, it's not panic selling, it's lack of buyers.
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Jim Lebenthal contended that financials are just a "macro picture" and that gains can be found in "actual sector selections" such as XLE. He again touted IBM, INTC and CSCO.
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Sechan insisted "Volatility has brought back security selection" and insisted on "a movement into the momentum names within value (snicker)."
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Thon Hotel Rosenkrantz Oslo Finishing his point, Jim actually claimed that if you're Trump and eyeing November, "you stack the deck right now" with John Bolton and Larry Kudlow in order to — this is really curious — "get as much done in the 8 months that remain."
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14. Consignment shops Weiss said some stocks are overpriced, such as CAT and DE. 38. Deliver Phone Books As far as management assertions, Judge asked Shah, "why do you trust what they say." Shah said, "From their results, you're seeing real progress."
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Wieser said he'd rather own Alphabet. (This writer is long GOOGL.)
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Not everyone wants to wire a new ceiling fan or replace their old thermostat with a new smart thermostat you can set with your phone. Josh Brown rightly questioned why we want to "resurrect industries that at their best were barely profitable and were incredibly cyclical ... you would have these waves of mass layoffs and factory closures," while hurting a company like Boeing.
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PYPL up on same day as EBAY double upgrade based on payments (even though Ira Sohn champ says embedded in that EBAY long is that PYPL is a short) Joe Terranova asked Left where he gets out if the stock goes higher. "Good question. Uh, I'll scale it back as it goes higher," Left said.
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Have you ever wondered how the latest flavor of Doritos or apple-cinnamon Coke ended up on the store shelves? Chances are, someone got paid to give their opinion as part of a focus group.
Disclaimer On Thursday, Joe didn't answer Judge's question as to how much earnings are baked into stocks but said it's almost as if the market wants rates to "stay in the range."
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Jim Lebenthal said GS had a "blowout" in trading and explained the stock's reaction this way: "This is not about Goldman Sachs having done anything wrong. This is simply about the financial sector being unloved right now. ... Frankly I think you're crazy if you're selling financials here."
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