Bulletin
Investor Alert

New York Markets Close in:

Need to Know Archives | Email alerts

March 5, 2019, 10:45 a.m. EST

Love Netflix? Then this stock is a no-brainer, says wealth manager Ross Gerber

Critical information for the U.S. trading day

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Walt Disney Co. (DIS)
  • X
    Netflix Inc. (NFLX)
  • X
    Fox Corp. Cl B (FOX)

or Cancel Already have a watchlist? Log In

By Barbara Kollmeyer, MarketWatch

1 2

The market

The Dow /zigman2/quotes/210598065/realtime DJIA +0.98%  , S&P /zigman2/quotes/210599714/realtime SPX +0.47% and Nasdaq /zigman2/quotes/210598365/realtime COMP +0.08% are off to a soft start. See Market Snapshot for more.

The yield on 10-year Treasury notes /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y +11.63%  is hovering at 2.737%. The dollar /zigman2/quotes/210598269/delayed DXY -0.15% is up, while gold is down and crude  is flat.

Europe stocks /zigman2/quotes/210599654/delayed XX:SXXP +1.68%  fell as several Dutch banks tumbled on reports of another money-laundering scandal. The FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +1.71% bucked that trend as the pound fell. In Asia, China stocks /zigman2/quotes/210598127/delayed CN:SHCOMP -1.15%  got a lift from growth-target and stimulus news.

The chart

Our chart of the day , from Gains, Pains & Capital warns investors to buckle up after the S&P 500’s break below 2,800 on Monday. That’s because “the REAL sellers” are here and they are not quite done yet.

The blog post takes a look at a couple of technical factors. First, the relative strength indicator — a momentum indicator used to gauge overbought and oversold conditions — broke an uptrend line Monday. Meanwhile, another big chart indicator -- the moving average convergence/divergence — is pointing to sell. The last time this happened was December. Oops.


Gains, Pains & Capital

The buzz

Chinese hackers have targeted at least 27 U.S. universities with the aim of stealing research about maritime technology, says a report in The Wall Street Journal, citing cybersecurity experts and U.S. officials.

Read: Trump plans to yank preferential trade status for India and Turkey.

Meanwhile, the White House has slammed as “disgraceful and abusive investigation into tired, false allegations” a probe by the Democratic-led House Judiciary Committee, whose chairman Jerrold Nadler on Monday sent document requests to 81 people with connections to POTUS.

Target /zigman2/quotes/207799045/composite TGT -0.26%  and Kohl’s /zigman2/quotes/210414114/composite KSS +3.19% both delivered upbeat results and shares are higher. Ross Stores /zigman2/quotes/202639496/composite ROST +1.91%  is due after the close.

Salesforce /zigman2/quotes/200515854/composite CRM -1.00%  is down after a weak forecast.

As for data new-home sales ticked up in December. Read more about upcoming data in our our Economic Preview. Meanwhile, Boston Fed President Eric Rosengren, one of the central bank’s biggest hawks, says he’s backing a pause in interest-rate hikes that may last for ‘several’ meetings.

Random reads

Hiding in bathrooms, cooking pots on heads. Surviving Alabama’s deadly tornadoes

Stem-cell transplant may have cured second man of HIV

Federal disaster money favors the rich, says NPR investigation

A study of 600,000 Danish kids finds MMR vaccine is safe

Venezuelan opposition leader Juan Guaido back in Caracas, defying threats of arrest

Fans, colleagues say goodbye to a legend — King Kong Bundy

Need to Know starts early and is updated until the opening bell, but sign up here to get it delivered once to your email box. Be sure to check the Need to Know item. The emailed version will be sent out at about 7:30 a.m. Eastern.

Follow MarketWatch on Twitter , Instagram , Facebook.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
28,064.11
+272.67 +0.98%
Volume: 222.87M
Aug. 11, 2020 12:38p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,376.28
+15.81 +0.47%
Volume: 1.46B
Aug. 11, 2020 12:38p
loading...
/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
10,977.43
+9.08 +0.08%
Volume: 2.12M
Aug. 11, 2020 12:38p
loading...
/zigman2/quotes/211347051/realtime
add Add to watchlist BX:TMUBMUSD10Y
BX : Tullett Prebon
0.65
+0.07 +11.63%
Volume: 0.00
Aug. 11, 2020 12:36p
loading...
/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
93.44
-0.14 -0.15%
Volume: 0.00
Aug. 11, 2020 12:28p
loading...
/zigman2/quotes/210599654/delayed
XX : STOXX
370.76
+6.11 +1.68%
Volume: 0.00
Aug. 11, 2020 5:50p
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
6,154.34
+103.75 +1.71%
Volume: 742,275
Aug. 11, 2020 4:59p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,340.29
-38.96 -1.15%
Volume: 40.05B
Aug. 11, 2020 3:01p
loading...
/zigman2/quotes/207799045/composite
US : U.S.: NYSE
$ 132.60
-0.34 -0.26%
Volume: 1.96M
Aug. 11, 2020 12:38p
P/E Ratio
24.59
Dividend Yield
2.05%
Market Cap
$66.47 billion
Rev. per Employee
$209,322
loading...
/zigman2/quotes/210414114/composite
US : U.S.: NYSE
$ 23.58
+0.73 +3.19%
Volume: 5.07M
Aug. 11, 2020 12:38p
P/E Ratio
46.51
Dividend Yield
0.00%
Market Cap
$3.60 billion
Rev. per Employee
$156,814
loading...
/zigman2/quotes/202639496/composite
US : U.S.: Nasdaq
$ 94.28
+1.77 +1.91%
Volume: 627,652
Aug. 11, 2020 12:38p
P/E Ratio
36.51
Dividend Yield
0.00%
Market Cap
$32.93 billion
Rev. per Employee
$181,179
loading...
/zigman2/quotes/200515854/composite
US : U.S.: NYSE
$ 195.19
-1.97 -1.00%
Volume: 2.36M
Aug. 11, 2020 12:38p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$177.33 billion
Rev. per Employee
$379,486
loading...

Barbara Kollmeyer is an editor for MarketWatch in Madrid. Follow her on Twitter @bkollmeyer.

1 2
This Story has 0 Comments
Be the first to comment
More News In
Investing

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.