money MARKETS: YF Premium Investment Idea: Johnson Controls Int'l (JCI)
Yahoo Finance's Jared Blikre breaks down some of the features of the Yahoo Finance Premium package. Not a subscriber? Start your free trial to join future webinars live!
Video Transcript
- Welcome back to Yahoo Finance On the Move. Jared, we're off some of the session highs. What's up in these markets?
JARED BLIKRE: Well, we got the Dow higher, the NASDAQ down. Two days in a row here that this trend has happened. And let's just take a look at the Dow heat map here, kind of instructive what's happening with the big sector movements. And we'll get to gold and bonds, because that's where the real movement is today. But you can see tech is just kind of rolling over a little bit. Apple is down over 1%. Microsoft almost there. And then looking at the sector action-- financials, energy, industrials all surging higher, while utilities and real estate and tech-- those are lagging.
And so if we look at what has happened over the last few days in the S&P 500, from the lower left to the upper right, we are just a few points shy of that record high in the S&P 500 here. But I did promise we'd get to some bond action. 10 year T-note yield is up eight basis points. That is a huge move. Haven't seen something like that in quite a while. Then we've got gold futures having the worst day in months here. I think this is going to show a better picture. And there you go.
Well, we've got to get on now to our Yahoo Finance Premium investment idea fpr the day, and that is Johnson Controls. And Argus Research now has a price target, which they are upping at $45. You can see it just about break even on the year. And just a couple notes here. Argus is saying the company recently reported third-- third quarter EPS topped expectations and management has reinstated guidance. Shares have resumed a bullish technical pattern of higher highs and higher lows. And then blending our valuation approaches we arrive at a revised 12 month target of $45. You can always get a free trial of Yahoo Finance Premium at our website for 14 days.
