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Gap Shares Fall on Sales Concerns

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  • Description

    FBN’s Nicole Petallides breaks down the day in the markets.

  • Duration 2:12
  • Date

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Us with -- -- typical heavily because it's been a narrow trading range today as we look at all of that but.

We have been focusing on the gap because it is -- held stock around a lot of our investor viewers have it.

Down 12%.

So -- this month leading into the holidays you would think Nicole.

And that's -- given concerns about the sales of the gap but despite the fact that they had banana republic and old navy under their umbrella.

That is not a good sign especially when -- some of the other retailers -- -- that are doing so well coming out of numbers and sales of our stellar okay.

Hewlett-Packard.

Carl Icahn and it's and definitely the rumors definitely affecting the stock what's going on there.

Right well Hewlett-Packard got this big pop in the middle of the day because -- -- here that activist investor billionaire investor Carl -- was buying options are getting and there's some way shape or form.

And then Hewlett-Packard became a top performer on the Dow Jones industrial okay let's talk about some other -- that.

That big cap tech -- Cisco seeing a pop as well but this is a company that is actually found a little bit -- firmer footing lately.

Right and what's interesting about Cisco Systems in you noted that they have -- of firmer footing these days.

But also getting an upgrade didn't help -- -- at a price target upgrades 24 dollars and whether by reading over SNB capital.

And that helps us along the -- really well they -- the -- When I talk regular Packard Cisco Systems Microsoft that we saw -- -- negative to positive to negative went back what but it really gave it got the right.

We we will always look at -- barometers.

About what -- stock really kind of parallels the economy general.

One stock I always look at in that regard as federal express because people are shipping things the more people shop online the more they ship things.

The more FedEx expands hi there of course expanding into China -- there was some news today particularly about what has happened.

Terms of the traffic that they've had that they've never had before that really.

-- -- -- Once again overnight dollars.

Today's the day at the bells and whistles and combating because they anticipate that today would be the day of nineteen million packages.

And that would be a record December 10 today will be a record for FedEx shipping those packages ever had a lot of data you -- When everybody of.

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