SO MUCH INFORMATION, WE
APPRECIATE YOUR TIME.
THERE YOU GO, THEY PUSH THE
BUZZER, THE DAY IS OFF AND
RUNNING.
THURSDAY’S TRADING SESSION NOW
UNDERWAY.
AND LET’S TAKE A LOOK AT THE BIG
BOARD IN THE EXTREMELY EARLY
GOING, WE’RE ABOUT 12 SECONDS
IN.
A LOT MORE GREEN.
HONEY HONEYWELL,S GOLDMAN SACHS,
APPLE LEADING THE CHARGE, BUT
THE DOW TO MODESTLY UP ABOUT 6
POINTS.
LET’S TAKE A LOOK AT THE S&P
500, SEE WHERE WE STAND THERE.
THE S&P GAINED YESTERDAY
MODESTLY, UP AGAIN TODAY A THIRD
OF A PERCENT, UP 12 POINTS AT
4153.
TAKE A LOOK AT THE NASDAQ, THAT
ALSO MANAGED TO EKE OUT A GAIN
YESTERDAY.
UP AGAIN THIS MORNING VERY EARLY
ON, UP 66 POINTS.
LET’S TAKE A LOOK AT BIG TECH.
WE ALWAYS LIKE TO LOOK AT THESE
BIG CAP MARKET STOCKS.
APPLE UP NEARLY 1% RIGHT OUT OF
THE GATE.
AMAZON, META/FACEBOOK UP .8.
ALPHABET UP HALF A PERCENT.
MICROSOFT ESSENTIALLY FLAT.
ALL RIGHT.
LET’S BEGIN THE DAY, WHY NOT,
WITH TESLA.
FIRST DAY OF TRADING AFTER THE 3
FOR 1 STOCK SPLIT MAKING IT MORE
ACCESSIBLE FOR MORE INVESTORS.
THAT’S THE THEORY.
SUSAN LI, WHAT HAVE YOU GOT?
SUSAN: YEAH, $300 INSTEAD OF9 --
OF 900.
DAN I’VES RAISING HIS TARGET
PRICE OF 360 THIS MORNING ON THE
STOCK SPLIT BUT ALSO IMPROVEMENT
IN CHINA.
YOU HAVE TO REMEMBER THAT TESLA
SPLIT THEIR STOCK BACK IN 2020,
A 5 FOR 1 SPLIT THEN.
NOW IN 020 THE STOCK REACTION
WAS THAT THE STOCK ACTUALLY
DROPPED THE DAY AFTER THE SPLIT,
AND IT WAS DOWN AROUND 14% IN
THE MONTH AFTERWARDS.
HOWEVER, YOU DO HAVE SOME GOOD
NEWS FROM TESLA OR FOR TESLA
FROM CHINA.
$150 BILLION IN STIMULUS THAT
WAS ANNOUNCED LAST NIGHT, AND
THAT’S GOOD NEWS, BY THE WAY,
FOR TESLA CAR SALES AND
PRODUCTION THERE, ALSO LIFTING
STOCKS LIKE ALIBABA AND JD WHICH
IS LISTED IN THE U.S.
THOSE STOCKS ARE DOING WELL THIS
MORNING.
ASHLEY: YEAH.
UP 1.5%.
I WANT TO TAKE A LOOK AT
PELOTON.
THEY REPORTED BEFORE THE BELL.
THE QUESTION IS, HOW BAD WAS IT?
IF.
SUSAN: THE STOCK KIND OF SAYS IT
ALL, DOWN 50%.
THEY LOST $1.2 THE BILLION MANY
THREE MONTHSES.
THAT’S A BIG DEAL.
THEY LOST $3 BILLION OVER THE
ENTIRE YEAR.
NOW, WE’VE KIND OF KNOWN THIS
BECAUSE THE STOCK IS DOWN ALMOST
100% SO FAR IN 2022.
THAT’S DRAMATIC.
AND DEMAND IS DOWN FOR THEIR
PELOTON BIKES AND TREADMILLS.
PEOPLE ARE GOING BACK INTO THE
GYM.
IF YOU WANT A PELOTON, YOU
ALREADY HAVE ONE.
THE SATURATION EFFECT HERE.
SALES ARE DOWN BY A THIRD FROM A
YEAR AGO.
CASH BURN IS HIGH.
RESTRUCTURING INCLUDING JOB
CUTS, STORE CLOSURES, AND PELL.
ON THE WILL NOW START SELLING ON
SELLING ON AMAZON, AND THIS IS
TO GET MORE DISTRIBUTION, MORE
PEOPLE INTERESTED.
NOW, WHAT I FOUND INTERESTING
WAS ALSO THE CEO, BARRY
McCARTHY, ON THE EARNINGS CALL
HE ACTUALLY CALLS THE RESULTS,
$1.2 BILLION IN THREE MONTHS AS
PROGRESS FOR THE COMPANY.
ASHLEY: UH-HUH.
I DON’T KNOW HOW MANY PEOPLE ARE
BELIEVING THAT, DOWN ALMOST 15%.
THAT SAYS IT ALL.
IF YEAH, EXACTLY.
THAT’S NOT PROGRESS.
ALL RIGHT, ALSO A NUMBER OF
RETAILERS REPORTED EARNINGS.
LET’S BEGIN WITH VICTORIA’S
SECRET.
SUSAN: YOU’RE GOING TO HEAR THIS
RUNNING THEME THROUGHOUT
RETAILERS, TALKING ABOUT BEING
HURT BY INFLATION.
THEY’RE GOING TO CUT THEIR
FULL-YEAR OUTLOOK, AND THEY SAY
THAT CUSTOMERS ARE CUTTING BACK
ON SPENDING.
NOT SURPRISING.
SAME THING YOU HEARD AT
ABERCROMBIE & FITCH AS WELL.
AND THEY’RE DOWN, THEY ACTUALLY
REPORTED A SURPRISE LOSS WHEN
WALL STREET EXPECTED THEM TO
MAKE SOME MONEY AT LEAST IN
THREE MONTHS.
THEY’RE REPORTING LORE THAN
EXPECTED SALES AND, AS A RESULT,
NOT SURPRISING, THEY’RE NOT
GOING TO HAVE AS GOOD A YEAR AS
ANTICIPATED, AND THEY’RE BLAMING
HIGHER PRICES, ALSO CONSUMERS AS
A RESULT ARE NOT SPENDING AS
MUCH.
AND THEN I WANT TO SHOW YOU
DOLLAR GENERAL AND THE
DISCOUNTERS.
HERE’S THE COUNTERTRADE HERE.
IT WAS UP IN THE PREMARKET, NOW
THEY’RE DOWN.
CAME OUT WITH BETTER RESULTS,
SAME-STORE SALES HIGHER THAN
ANTICIPATED, AND THEY’RE
BOOSTING THEIR SHARE BUYBACK BY
$2 BILLION.
AND DOLLAR TREE HAD A FANTASTIC
QUARTER AS WELL.
BUT THEY’RE CUTTING THEIR
FULL-YEAR EARNINGS OUTLOOK
BECAUSE OF PRICING INVESTMENTS
AND PRICING-RELATED INVESTMENTS
AT FAMILY DOLLAR STORES.
ASHLEY: OKAY.
IF BY THE WAY, NVIDIA REPORTED
AFTER OF THE BELL YESTERDAY.
TOUGH REPORT.
THE STOCK DOWN 1.5% --
SUSAN: ACTUALLY, IT WAS DOWN 5,
6%, SO YOU’RE DOWN 1.33, NOT AS
BAD.
GAMING CHIP SALES ARE STILL
GOING TO BE LOWER ACCORDING TO
THE CEO.
CHALLENGING ENVIRONMENTS FOR
GRAPHIC CHIP, SO THEY MISSED ON
PROFIT AND SALES DESPITE
ALREADY, BY THE WAY,
PREANNOUNCING THE DISAPPOINTING
LOWER SALES, AND THEY’RE BLAMING
THE GLOBAL SLOWDOWN THAT’S
TAKING PLACE.
ALSO HEIR GOING TO ADJUST
PRICING AS A RESULT.
DATA CENTERS ACTUALLY DID
BETTER, THAT MEANS CLOUD IS
BOOMING.
CRYPTOCURRENCY MONEY, CHIPS,
THEY SAY, NOT ADDING MUCH OTT
BOTTOM LINE.
ASHLEY: ALL RIGHT.
AND BY THE WAY WITH, DID
SALESFORCE ALSO SLASH HAIR
OUTLOOK?
SUSAN: YEAH.
SURPRISE BECAUSE WITH, YOU KNOW,
I JUST TALKED ABOUT NVIDIA
POINTING TO GROWTH AND A BOOMING
BUSINESS IN CLOUD, BUT
SALESFORCE ISN’T DOING BETTER --
THEY’RE NOT DOING BADLY, BUT
STILL, YOU KNOW, THEY HAD
UNEXPECTED EARNINGS WEAKNESS AND
GUIDANCE WASN’T THAT GREAT AS
WELL.
NOW, SNOWFLAKE, NOW HERE’S A
BOOMING CLOUD PROVIDER HERE,
CLOUD WAREHOUSER.
IT WAS UP ALMOST 17% IN THE
AFTER HOURS, AND HAY EASILY --
THEY EASILY BEAT ON SALES.
YOU WANT A BOOM?
TAKE A LOOK AT SNOWFLAKE.
ASHLEY: ALL RIGHT.
WE’LL HAVE TO LEAVE IT RIGHT
WILL.
GREAT STUFF, SUSAN, AS ALWAYS.
THANK YOU SO MUCH.
LET’S TAKE A LOOK AT THE BIG
BOARD AS WE GET THIS DAY
UNDERWAY.
ABOUT 6 MINUTES IN, AND ALREADY
THE DOW HAS TURNED NEGATIVE,
DOWN 59 POINTS.
LET’S TAKE A LOOK AT THE DOW
WINNERS AMONG THE ONES LEADING
THE WAY, IF YOU LIKE.
DOW, CATERPILLAR.
BOEING UP 1.25%.
AS WE MENTIONED EARLIER, APPLE
UP NEARLY 1%.
MIC, TOO TOO, UP -- TOO, UP
LEE-QUARTERS OF A PERCENT.
S&P 500 WINNERS, CARNIVAL UP
THERE, ROYAL CARIBBEAN ALSO UP
3%.
AUTODESK UP 5% AS WELL AMONG THE
LEADERS.
AND HOW ABOUT THE NASDAQ?
WELL, AUTODESK, WHICH WAS ON THE
S&P ALSO, UP 5 PERCENT.
AMD, D.R. BARTON TALKED ABOUT
THAT, MICRON, ALIGNED TECHNOLOGY
AND MICROCHIP TECH ALL MOVING
HIGHER TODAY.
LET’S TAKE A LOOK AT THE 10-YEAR
YIELD.
IT WAS EARLIER ABOVE 3%, RIGHT
AROUND 3.1.
THERE IT IS, IT’S DOWN SLIGHTLY,
4 BASIS POINTS BUT STILL ABOVE
3%.
LET’S TAKE A LOOK AT GOLD, SEE
WHERE GOLD IS.
UP $9 AT 1770.
ABOUT A HALF A PERCENT GAIN.
WHAT ABOUT BITCOIN?
SEE WHERE BITCOIN IS TRADING
RIGHT NOW, DOWN $110, DOWN HALF
A PERCENT IF AT $21,600.
WHAT ABOUT CRUDE OIL?
IT’S UNDER $100 AT LEAST, $95,
UP 29 CENTS THIS MORNING.
LET’S TAKE A LOOK AT A NATURAL
GAS.
IT’S GOING TO BE A BIG STORY
THIS WINTER CERTAINLY MANY
EUROPE.
ALMOST FLAT, UP VERY SLIGHTLY AT
$9.36.
AND THE AVERAGE PRICE, BY THE
WAY, FOR A GALLON OF REGULAR,
$3.87.
WHAT ABOUT DIESEL?
TAKE A LOOK AT THAT IF WE CAN.
I BELIEVE IT’S RIGHT AT $4.98.