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$23,714.87 We Pay Cash for Your Diamonds! Judge on Tuesday's Halftime noted the JPMorgan WYNN upgrade to 214 and asked Pete Najarian if Steve Wynn selling WYNN isn't a headwind.
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Halftime virtually preempted by Zuck’s testimony; 5 p.m. show struggles to get off the ground, mired in Fed cliches With the stock market smiling Thursday, the Halftime crew started talking up the unfairly beaten tech names.
Joe Terranova curiously stated, "There's been no response from the Chinese just yet."
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Doc, who about 6 months ago said repeatedly that the price of an iPhone X was only a few extra dollars a month that people wouldn't care about, said if AAPL doesn't beat the lowered bar, "then that's gonna be a problem." Jim indicated that there's some AAPL analysis fatigue: "It feels like every quarter we're doing this."
Josh Brown bought into the Soviets-rigged-it-for-Trump theory, stating, "Part of it is on people who are taking uh data without our permission, scraping it from our friends' profiles, and using very sophisticated tools to weaponize it, to change our opinion about things."
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But Steve Liesman offered, "Scott, how many times have we- how many times have we been here saying, 'This is the moment,' interest rates break out, it's time to pile into the banks, and then we get disappointed-"
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Mprymas says: In the opening conversation of Thursday's obviously overbooked Halftime Report, in which Judge wondered about the impact of rates (again), Pete Najarian touted GS and MS having "phenomenal" earnings and curiously mocked, "You know, I've heard other people come on the network and say, 'Well, you know, they're not doin' buybacks at Goldman Sachs. That concerns me.' It's like, Are you crazy? I mean if that's the biggest negative (sic) they pull away from the Goldman Sachs report, that's ludicrous, and this stock deserves to be a lot higher."
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The clunker was when Paul Meeks told Judge, "I'm a little bit worried about tech in the short term." He followed that up with, "Now, longer term, for someone that's actually not worried about uh losing some principal in the very short term. In the longer term, I think the fundamentals are strong and strengthening."
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