right stocks are still surging companies
are seeing
soaring profits joining us now to
discuss the host of making money
right here on fox business and charles
payne's going to help us
make some money come on charles get you
to work double time today i want to read
you a list
just something i compiled okay the
atlanta fed gdp
now lana fed gdp now 13.6
in the second quarter all right car
sales
up 18.5 percent we know the consumer
spending is strong
we're going to get a good jobs report
tomorrow very good jobs report claims
are falling
adp was up unit labor costs
people worried about inflation
productivity is rising
unit labor costs are one and a half
percent it's really nothing
now oil's 65 dollars i say
that's a sign of world recovery the isms
right the manufacturing indexes and the
services index
booming s p earnings could come in at
220 bucks in the second quarter
treasury break evens two and a half
percent a little bit of inflation not so
much
so what does a distinguished investor
like yourself
do when everything seems to be perfect
stay long and look for opportunities to
buy weakness
right right now everything you just laid
out is phenomenal
stay long okay so where's the best place
to stay long
let me just point out this earnings
season you just because you mentioned
that the current quarter which
right now the street's looking for 61
percent increase
uh which is significantly more than they
thought even two weeks ago
this is perhaps one of the best earnings
period ever now we know the comparisons
are you know or because the last year is
one thing but the absolute numbers the
absolute growth
has been beyond mind-boggling so so with
that in mind
uh the what i love about this kind of
period
larry when these earnings come in they
beat on revenue
they beat on uh earnings margins
expansion they've taken market share
uh they've hiked their guidance and a
stock goes down
that's when i start making my list
that's when i start to salivate
you know and it's like oh my goodness
they're taking them out to the woodshed
take them out to the woodshed because
they don't belong there and
i'm gonna put a list together and i'm
going to be looking at these names and
i'm going to buy the ones that are doing
extraordinarily well because
ultimately it's the earnings it's the
market share it's pricing power
that will drive these stock prices much
higher
and you already gave us the economic
backdrop that's going to make that
possible
so i've got three names i'll share with
you one of them is a steel dynamics
this morning iron ore prices spot iron
oil prices hit an
all-time high you talked about oil being
part of the global recovery
so is this with or without
infrastructure i think you're going to
see these industrial metals particularly
still
contin continue to go higher this is
stock that i absolutely love
the earnings estimates go up almost
every other day and the street cannot
keep
up so that's one i happen to love
bloomin brands
we're going to hit these restaurants
we're going to hit them hard bloomin is
a great restaurant franchise
i i happen to love it we saw ihop out
earlier this week
dine equities uh just absolutely
phenomenal it's a great domestic
reopening play
and finally xpo logistics we've got
these trucks on the road and they're
moving around and they're taking things
everywhere
we just had a massive uh takeover a
kansas city southern which is a rail
but it underscores just that how amazing
you know we know the transportation and
that's just through the roof
it all needs to be tied together through
logistics so i'm really confident about
that
i'm confident overall we'll have an
amazing jobs report tomorrow
probably the best single month ever and
and we're firing on all cylinders
charles just on that last point quickly
you know
trucking is perhaps the most the best
correlated with the overall economy and
the gdp
now for some reason a lot of trucks are
vacant they can't seem to bring
truck drivers on we need truck drivers
to get things supply chains to all the
reopened economies around
the country why is there a shortage of
truck drivers there any idea on this
where they just have to be paid more
perhaps
well they're going to have to be paid
more but we got a shortage of a lot of
workers larry because
the bottom line is people are being paid
a lot of money not to work now we can
we're going to need at least 900
000 truck drivers over the next couple
of years that's what demands going to
look like in this country
and it's the great paying jobs they have
fantastic benefits but they're grueling
jobs
and right now people are making a whole
lot of money do you know larry since may
of last
last year to last month the federal
government paid has paid out
eight trillion dollars in unemployment
benefits
last month it was 540 billion dollars
february of last year
just 25 billion and that's not counting
the stemi checks or anything else so
there's just so much free money out
there taking the will to work away from
a lot of people
and if you had to decide to hit the road
and drive a truck or sit at home and get
a paycheck what would you do
particularly
you know if if it was made available to
you it's just
people taking that latter choice you
know what i say to washington charles
you know it
if it ain't broke don't fix it keep your
hands off
you got a great looking boom here let
markets work
right we'll all live happily ever after
so stocks are going higher last thought
from charles payne
stocks are going higher yes no
stocks are going higher the economy is
looking fantastic the only threat to our
economy and you already mentioned it
is a government that wants to remake who
we are as a nation
everything being put forward has nothing
to do with the economy and everything to
do with government control
and it's a pleasure to talk stocks and
the economy with no politics i love that
charles we have to do this some more
really all right buddy very much charles
payne everybody