Episode Transcript
How are you, mister wheetrowing bred A fantastic It was
a good wetrow Wednesday. We had a couple of reports out.
The ADP report that we were looking at wasn't so encouraging,
uh if you're looking for a job, because there wasn't
as many people getting hired. But it gave us a
positive spin that the Fed's going to cut interest rates
(00:21):
or could possibly cut interstrates on the tenth of this month.
So that's how you look at. But then the services
came out and it expected a stronger month for November.
It was for retail finance and insurance industry, so those
are good signs, so off, off we go. So the
(00:41):
that was up four hundred and eight points, which.
Speaker 2 (00:44):
Is point eighty six of a percent.
Speaker 1 (00:46):
S and P five hundred up twenty points which is
point three to over percent, and the Nazak up forty points,
which is point one seven of a.
Speaker 2 (00:54):
Percent, So pretty good day.
Speaker 3 (00:56):
Yeahcent Technology once again, Microchip Technology at Man Nation Land
like over twelve percent for crying out loud.
Speaker 1 (01:06):
Wow, Microchip Technology leap twelve point two percent. Marvel Technology
jumped seven point nine So whenever you turnun all of
a sudden this something tech takes off. But we did
have a huge, huge mover and this doesn't have so
much to do with technology, but Capricor Therapeutics surged three
(01:32):
hundred and seventy one percent.
Speaker 2 (01:35):
I saw that, here's a six six.
Speaker 1 (01:37):
Dollars stock end of the day, up three hundred and
seventy one percent. It was even higher than that, backed
off a little bit, but it came out as potential
therapy for people with muscular distrophe.
Speaker 3 (01:51):
Yeah, for a particular kind do Shanes.
Speaker 1 (01:54):
Yeah, muscular distribute.
Speaker 3 (01:55):
Which anybody who ever watched the Jerry Lewis telethon over
many many, many many years has heard the term do
Chane's muscular dystrophy because apparently that's one of the most
common ones. And if they've come up with a potential
therapy seventy one ye, seventy one percent, jump boy, anybody
(02:15):
would stocking that six dollars.
Speaker 1 (02:18):
They're feeling pretty.
Speaker 2 (02:19):
Good, You're feeling very good.
Speaker 1 (02:22):
Yes. Now I've got to point something out. And I
know I now realized because I've been out on Facebook
a little bit and I see some of the pictures
and Fred, I see your picture on there where, and
now it explains on a Facebook post. You know it
goes through that. But what I'm getting to is American
Eagle Outfitters rallied fifteen point one percent.
Speaker 2 (02:45):
It's a clothing store.
Speaker 1 (02:46):
I look at your picture.
Speaker 2 (02:47):
You don't look like the same guy.
Speaker 1 (02:49):
You had to have gone out to the American.
Speaker 2 (02:50):
Eagle and that there you had to buy all new clothes.
So you're stimulating me.
Speaker 1 (02:54):
Thank you for stimulating.
Speaker 3 (02:55):
I've been stimulating a whole lot.
Speaker 1 (02:57):
That's what I've been doing.
Speaker 3 (02:59):
So with all of this good news coming out tech
news and everything else, what's that doing right now?
Speaker 1 (03:05):
To interest rates?
Speaker 3 (03:06):
What do we look like before we hear from the
Fed next week?
Speaker 1 (03:10):
Well, the tenure came down just a little bit on
an interest was a four point zero nine. It came
out of four point oh seven and the two years
sitting at three point five. So that's where the interest
rates are.
Speaker 2 (03:21):
We had a couple of losers, are a few losing
more than.
Speaker 1 (03:23):
A couple, but one out of three. We're negative on
the S and P. But overall it was a good day.
But Microsoft FLL two and a half percent. Maything's which
had a better report than expected to. But it's still
last one and a half. But they've had someod you know,
they've closed some stores, they've kept a few, and their
online is starting to move forward.
Speaker 2 (03:41):
So okay, so I hope you know they stay around.
Speaker 1 (03:43):
I like that name.
Speaker 3 (03:44):
All right, anything important today that we need to keep
an eye out before we hit the end of the
week tomorrow morning.
Speaker 1 (03:50):
Yes, we have from the government, we have initial jobless
claims today, but we still have earning reports from companies.
We have Kroger, Hewlip, Packard, Dollar General coming out today
and all right, I'll.
Speaker 3 (04:01):
Let you keep an eye on that stuff. We'll talk
about the results tomorrow morning. If you need to reach
out to Tim before then four one nine eight two
four thirty three hundred timw at Witrowadvisors dot com, on
LinkedIn and on Facebook. Advisory services offered through Capital Investment
(04:24):
Advisory Services LLC. Securities offered through Capital Investment Group, a
member of FINRA SIPC
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