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The Week in Markets
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Jared Levy, Zacks.com senior equity strategist, on the stock market winners and losers for this week.
- Duration 3:06
- Date Sep 21, 2012
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Jared Levy, Zacks.com senior equity strategist, on the stock market winners and losers for this week.
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It's I was more about some of those companies that made headlines this week and what to watch for next week.
Which aren't exactly the senior equities -- is a Zacks dot com Jack I'm so glad you're with us.
Let's just look through these Cassandra just mentioned in north Norfolk Southern that blew everybody at a quarter a little bit right consumers supposed to be doing that yes -- be -- more stuff.
You know and that's -- thing -- -- Tracy that the deal is you know if like.
Air -- is.
Is doing bad -- ground rates doing good -- of ground -- doing -- -- -- -- -- doing good but if you look at like UPS FedEx you look at the Baltic dry index you look at all the shippers.
They're -- doing bad.
Atom and -- and commodities were partly to blame right -- down we balance our you know court obviously bode shipments there.
Coal shipments down because natural gas usage -- folks others got a problem okay and here's a company by the way.
It gets.
500 miles to get -- one time -- about the one down against the current benefit the problem is there's no good to ship.
Asked if congress if global commerce is is decreasing I think Norfolk Southern has some more room to drop so your your sound it.
On -- here I don't I think.
Technically doesn't look good I don't think is is document known yet -- got room to fall just mentioned FedEx FedEx again to people by surprise they -- China permanently signing these days but again we're not shipping.
-- you're not shipping out again here are some statistic to think about FedEx.
They kind of controlled the skies he got a much bigger fleet of airplanes and -- -- -- the UPS UPS and the other on the other hand is a big round fleet.
Lots of trucks many more so than FedEx we heard UPS is -- now FedEx saying hey air freight.
Mainly sort of international they're big problem was in Europe they're not seeing the strength so again it's a question of sort of commerce Tracy and and yeah.
Like you said China they've got a problem FedEx doesn't issues that again from a technical aspect.
FedEx still does not look -- -- if -- I don't like the multiple that much I don't really see a lot to like in terms of the -- -- -- and if -- were -- moment in time.
I would I think -- -- -- -- document known either -- stand up I ask about Nike for for personal reasons because my son has forced me to buy more -- Ron products and I know what to do it.
But they did announce a buyback.
-- and stupid people like me are buying in their kids these -- products so and what do you think.
Now what does that mean did you buy your kid 358.
Not a bright did not I -- you might limit is that would but I look at revealing he was really expensive pair slide so I have -- -- parents say that.
I know -- -- quality -- -- -- you said Tracie it got a nice portion of market share they've got a five year contract with the NFL that's great you're trying to spin off the umbrella brand as -- -- prey on.
I think Nike's -- up up.
-- to give or take here you know the investor conference yesterday was a big snooze.
They talked it up their share buyback I don't really see anything particularly cool -- a little bit rich but not to -- I think here's the here's the advice on Nike if you -- it.
Hold it if you don't.
I think you can wait you're probably get a better price I think China is going to be the big problem and I think it's whether to blame.
A fairly lackluster earnings report on -- John.
Is good stuck yeah.
Combat we gotta do this again Levy is our only an exact dot com you have a great weekend -- -- there.