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Mel said, "He sort of dispelled that," though not only did he not dispel it, it's one of his 2 ideas.
JJ Kinahan countered that "it's almost like the CEO wasn't taking some of these things seriously," which he thinks will take momentum out of the stock "at least for the next 6 months."
Josh Brown's final trade was JPM. Joe told Judge his final trade was "your book." Weiss suggested the book includes "phenomenal reading." Wish we knew the answer to that, but Judge evidently didn't feel compelled to ship out advance copies to members of the media.
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Dom Chu on Wednesday's Halftime reported something about Amazon and Best Buy teaming up to sell TVs with Amazon's system and not Roku's system. (This writer is long ROKU.)
Steve Weiss said WMT is starting a capex cycle with Jet; he'd rather buy at the end of those cycles. Rich Saperstein contended, "It's a decaying industry if you're not Amazon or Costco."
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Joe said he's been hanging around with quant strategists in recent days "where I get a lot of my trading decisions from," and there's an "acceleration" of signals to sell either to exit or get short; Joe said he's not one to sell to short, but he's selling to exit.
Ian Winer said the market doesn't like the capex talk from CAT and GOOGL. "They want buybacks," Winer said, adding that the difference between the S&P 500 earnings yield and the 10-year yield is the smallest since 2008 and that to say it doesn't matter is "not being intellectually (sic redundant) honest."
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