The Dow is now nearing 16,000. Futures are higher this morning, following yet another record-close on Friday. The big board ended the week well above 15,900. It was the third-straight record close. Moreover, stocks are now up six weeks in a row. A seventh would ordinarily be quite rare. But are we dealing with extraordinary circumstances? Hot Stock Minute host Lauren Lyster asks Yahoo Finance Senior Columnist Mike Santoli in the video above.
Call it a private matter for Tim Geithner. The former Treasury Secretary is joining private equity firm Warburg Pincus. Warburg is best known for its buyouts of companies like Bausch & Lomb and Neiman Marcus. Geithner's joining the firm at the top, serving as President and Managing Director. He's set to start in March.
Boeing (BA) is on a high at the Dubai Airshow. The plane-maker has inked deals for its next 777, valued at more than $100-billion. Emirates is buying 150 of the planes. Qatar Airways is among other airlines making smaller orders. The design of the jet won't be complete until 2016, and deliveries won't begin until 2020. Boeing stock is up more than 3.5% in early trading. It ended Friday's regular session at a 52-week high, up 76% in 2013.
Google (GOOG) has found even more room to grow. Bloomberg reports the company will be opening a half-dozen stores for the holidays. Like a barge which has garnered much attention in San Francisco Bay, the spaces will be used to showcase Google products-- things like Nexus 7 tablets and Chromebook computers. Google stock is up 19% in the past three months and 43% year-to-date.
STOCKS TO WATCH
Tyson Foods (TSN) has been up more than 4% in early trading after reporting its earnings. The company made 70-cents a share, topping estimates by a penny. Revenue was also slightly above expectations, coming in at nearly $8.9-billion. Tyson says its sales were up 7%over last year to a record high. The company cited strength in its chicken business and says it was helped by an bigger supply of cattle. Even before this morning's jump, Tyson was up 44% year-to-date.
Salesforce.com (CRM) reports earnings after the closing bell. The cloud computing company is expected to post earnings of 9-cents a share, up just a penny from a year ago, though on sales that have climbed by a-third to more than $1-billion. Salesforce stock is up 34% so far this year and hit a new all-time high on Friday.
Urban Outfitters (URBN) also reports this afternoon. Analysts are predicting the company will reveal profits of 45-cents a share, which would be a nickel better than a year ago. Sales are expected to be about $770-million. The real question is whether Urban Outfitters and its other brands like Anthropologie and Free People are outperforming competitors like Abercrombie and American Eagle. Urban Outfitters stock is currently down 2% this year. Not too good, but Abercrombie is down 27% in the same time.
Zulily (ZU) is up more than 1%. The online retailer held its IPO on the Nasdaq on Friday. Shares rose more than 71% from their issue price, closing at nearly $38. The company now has a market cap of $4.6-billion.