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What Were the Bright Spots in the Market’s Selloff?
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FBN’s Nicole Petallides on the stocks that did well despite the market’s decline.
- Duration 1:48
- Date May 30, 2012
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FBN’s Nicole Petallides on the stocks that did well despite the market’s decline.
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Until now I know it's bad -- but let's -- got an -- pedal -- on the floor of the New York Stock Exchange Nicole yes we know what.
An ugly day for stocks today but let's talk about what's been to the upside where people are making -- look you could argue the by the -- -- surging to its highest level since last month.
Look there are some bright spots I understand we're Mark Roberts having -- -- -- be seen excessive selling right for the month were down to 7%.
A couple of bright spots Wal-Mart has been holding on FaceBook got a little pop at one point the -- -- -- you're betting that you did are right.
If you were short market eat -- apple tried get a little popped his -- couple of glimpses of hope but for the most part business is sound.
OK well FaceBook it didn't hold on of those games for long it is downhill we actually have somebody coming up.
Who says that you should have FaceBook in your own portfolio that at this price it's worth getting in there because eventually is gonna pop is that a widely shared view and a market.
I'm not sure about that one day at most the jitters Itochu ought to wait and see what's to come from based but it's certainly not 38 dollars and you've been seeing a selloff ever since the IPO's -- our top out.
OK so the news is on Research in Motion very much so that broke at this hour yesterday.
So we mentioned that the company's hiring JPMorgan and RBC capital to help quote review its business that -- looking into the close getting hammered.
That's terrible -- you don't want somebody reviewing your business or strategic option to what you can enjoy yourself.
For not doing great our products are selling we're not getting out that's enough and we can't compete against apple is what it thank and that's basically the stocks that.
All right let's talk oil big loser today how is that way into the market spoils sold off big sell off the entire -- end all those hours are Saturday.
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