UBER EATS IS GOING TO GIVE THEM
A FLOOR OF EARNINGS AND THE
MOBILITY WILL COME BACK AND
CONTINUE TO DRIVE THE STOCK UP. STUART: YOU GOT IT OUT IN TIME.
STUART: YOU GOT IT OUT IN TIME.
THANK YOU.
THE MARKET IS NOW OPEN ON
THURSDAY MORNING.
THE DOW HAS GONE UP.
NOT MUCH BUT WE ARE UP 70
POINTS.
I’M LOOKING AT 2 THIRDS OF THE
DOW 30 IN THE GREEN, ON THE
UPSIDE OF THE DOW IS CLOSE TO
100 POINTS.
THE S&P 500 ALSO A LITTLE
HIGHER.
THIS IS ANOTHER ALL-TIME HIGH.
I HAVE LOST TRACK, 31, 32, 34
RECORD HIGH THIS YEAR AND THE
S&P IS AT 4305. THE NASDAQ TURNED AROUND,
THE NASDAQ TURNED AROUND,
FRACTIONAL LOST DOWN 7 POINTS.
TECHNOLOGY STOCKS ALL DOWN THIS
MORNING EVEN THOUGH THE YIELD
ON THE 10 YEAR TREASURY IS WELL
BELOW 150, MICROSOFT, APPLE,
ALPHABET, AMAZON, FACEBOOK ON
THE DOWNSIDE.
>> THE NASDAQ WAS UP 9 IT HALF%
IN THE SECOND QUARTER, I THINK
THEY COME BACK FROM THE TRIGGER
ON THE 10 YEAR TREASURY YIELD.
STUART: THAT IS VERY TRUE.
LET’S SEEK YOURAVAC, GERMAN
DRUGMAKER, DISAPPOINTING
RESULTS WITH THEIR VACCINE.
FINAL STUDY SHOWED THEIR JAB IS
ONLY 48% EFFECTIVE.
DOWN IT GOES AGAIN, 12% THIS
MORNING.
NOVA FAX, UK PHASE 3 STUDY OF
THEIR JAB SHOWED HIGH OF 56,
80.9% EFFECTIVE AND THE STOCK
IS UP AGAIN, NICE RUN.
MICRON TECHNOLOGY, A CHIPMAKER
REPORTED A STRONG QUARTER, THIS
IS IN THE MIDDLE OF THE GLOBAL
CHIP SHORTAGE.
WHY ARE THEY DOWN?
>> I WILL GET TO THAT.
BOISE, IDAHO CHIPMAKER, HOW
OFTEN DO YOU HEAR ABOUT THAT?
LOOK LIKE WE HAD HIGHER SALES A
GLOBAL SHORTAGE OF CHIPS AND
STRONG DEMAND CONTINUES TO PUMP
PRICES UP WHICH IS A GOOD THING
BUT MICRON SOLD THE USE OUR
CHIP FACTORY TO TEXAS
INSTRUMENTS, ALSO DOWNGRADE
FROM INSIGHT TO HOLD.
A DOWNGRADE, I SAW NUMEROUS
ANALYSTS UPGRADING THEIR PRICE
TARGETS.
STUART: BOISE, IDAHO.
>> HOW OFTEN DO YOU HEAR THE CHIPMAKER THERE.
CHIPMAKER THERE.
STUART: THE CHINESE -- NEO, THE
CHIP SHORTAGE IS NOT HURTING
THEIR DELIVERIES.
>> 8000 FOR THE MONTH OF JUNE,
FIRST TIME IT SURPASSED 8000 IN
A MONTH RECOVERING FROM A DROP
IN DELIVERIES FROM APRIL TO
MAY.
THEY ARE ON PACE TO SURPASS
LAST YEAR’S DELIVERY TOTALS AND
FIRST 7 MONTHS OF THE YEAR.
ELECTRIC SALES ROCKETING IN
CHINA.
THEY ARE RAISING 1 TO 2
BILLION.
STUART: THE MARKET IS HOT.
KEEP LOOKING AT DELIVERIES.
WATCH DELIVERIES.
>> THE ONES HERE ALSO HOT.
STUART: FORWARD HAS GOT A CHIP
SHORTAGE PROBLEM, THEY WILL
SUSPEND PRODUCTION AT EIGHT
NORTH AMERICAN FACTORIES OVER
THE NEXT TWO MONTH AND STOCK IS ABOVE 15, NOW IT IS 1489.
ABOVE 15, NOW IT IS 1489.
THERE ARE WINNERS AMONG THE DOW
30, CHEVRON TOPS THE LIST, OIL
WENT TO $75 A BARREL SO YOU CAN
EXPECT ENERGY STOCKS TO GO UP.
>> OIL IS A BOOK AWAY FROM A
7-YEAR HIGH, WE’VE NOT SEEN
THAT IN 7 YEARS.
OPEC PLACE.
STUART: S&P WINNERS.
OCCIDENTAL PETROLEUM, DOING
WELL TODAY. THE NASDAQ, NOT MANY ENERGY
THE NASDAQ, NOT MANY ENERGY
COMPANIES ON THE NASDAQ SO THE
BIG WINNER IS NVIDIA, 810 I SEE
THIS MORNING WAS AM I RIGHT IN
SAYING ONE INVESTMENT FIRM
UPGRADED THEM AND SET IT IS
GOING TO 1000 BUCKS.
>> PLO SAID IT IS WORTH 1000
BUCKS, AS WE HEAD INTO THAT
AFTER THE MARKET STOCK SPLIT,
ALSO THE ACQUISITION MIGHT GET
APPROVED.
THE OTHER COMPANY SAYING YES.
STUART: I AM VERY SORRY.
>> WHAT HAS GOTTEN INTO STEW
ALL OF A SUDDEN?
NO, NO.
STUART: WE HAVE BEEN SITTING
HERE FOR A COUPLE MONTHS
TALKING ABOUT NVIDIA AND HOW IT
CONSTANTLY GOES UP.
IT WAS AROUND 450.
MAYBE IT IS GOING HIGHER STILL.
>> IT WAS 7 YEARS AGO.
STUART: WHY DIDN’T YOU TELL ME
THAT?
>> TALKING ABOUT TECHNOLOGY IS
A HARD SELL.
STUART: ROKU IS UP THIS ONE,
DOWN ONE AND ONE QUARTER%.
IS SOMETHING GOING ON?
>> ROKU BOUNCED IN THE
AFTERMARKET AFTER HOURS AFTER
WE HAD THE NEW YORK POST
REPORTING APPLE QUIETLY PAID
FOR A BUTTON ON THE ROKU
REMOTE.
NETFLIX HAS ONE, WHO HAS ONE,
DISNEY PLUS, APPLE
CAPITULATING, ROKU DOMINATES
40% MARKET SHARE.
IF YOU LOOK AT SUBSCRIBER
NUMBERS, APPLE TV PLUS, SOME
PEOPLE SAY THEY ARE LAGGING
WITH 40 MILLION SUBSCRIPTIONS.
STUART: ALL I KNOW IS ROKU IS A
$453 A SHARE, ANOTHER ONE WE SHOULD HAVE SEEN COMING BEFORE
SHOULD HAVE SEEN COMING BEFORE
THE PANDEMIC.
>> YOU REALLY THINK IT IS GOING
TO GET THERE?
IT WILL BE TO GET THERE BECAUSE