11-02-18: One Bull Expert Predicts: Stocks To Surge 8 Percent To New Highs By Year-End

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**Steve Peasley** (0:16)
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**Steve Peasley** (0:33)
Good afternoon, everybody. And thanks for joining me today on InvestTalk. I do appreciate it every day here at four or five Pacific time, Monday through Friday. I do really appreciate it. Sincerely, I do. It's Friday, November 2nd, my favorite holiday in this month, Halloween, you know, there's no Halloween.
Okay, and you do remember that you got to turn back the clocks this weekend. For those of you who go by daylight savings time, it ends this weekend. I don't like the changes. I always say to leave it alone. I don't care which one they pick. Just don't change it.
Well, in most of the country, the weekend has already begun. As I say every Friday at this time, I'm kind of jealous because the weekend hasn't started for me. I got another hour. Of course, I do like doing a show, so I guess it goes and it goes really, really fast. Anyways, I love doing this financial show. I love helping you grow and protect your investments if I can. We all need to do that. And of course, I welcome your phone calls and any of your questions and call it right now, 888-99-CHART. If you have any discretionary time over the weekend, I invite you to check out our new online training experience. We call it InvestTalk Academy. It started yesterday, it was the first day yesterday. Justin and I are going to take turns every week. He'll be doing it Wednesday at one o'clock. I'll be doing it Thursdays at nine o'clock every other week. So Justin will be up next week and I'll be up the week after. So we're going to do this every week. We're going to keep the classes, record them. I'm keeping them on InvestTalk Academy so you can listen to them as many times as you want.
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Okay, October. We've talked about it. It's one of the worst months. And it's been one of the worst tech stock months, tech, technology stock months since 2008, the recession year.
Now with that said, the market opened up to the upside this morning, but it didn't hold. Most of the Dow 30 were in the green, but the overall market didn't hold. The S&P was up, but none of the indexes held up today.
So part of the reason is Apple, Apple was opened up down 13%. So that certainly hurt the market. You know, Apple's, you know, trillion dollar company. Yeah. So why did it open up 13% down? It beat expectations, both earnings and sales, but they guided lower. And they said they're not going to report unit sales of iPhones anymore.
Why did they say they wanted, why are they doing that? Well, because iPhones were kind of, sales were flat. And they're going to move toward a revenue that's more based on services, the services business.
And that was to be expected. I think that that makes sense, actually. I think they'll make more money doing it that way. I do.
Also, I don't know if you like coffee. I really dislike coffee. I'm probably one of the few people out there. I never drink coffee ever. I've tasted it many times. I don't even like coffee flavor. You know what I do like, though? I do like the smell of it. Isn't that weird? But I don't like the taste of it. Anyway, Starbucks was up over 9% this morning. 9%, that was pretty good. So you may or may not like your strong coffee. I don't know, but everyone surely wants Strong Jobs Report. You see that this morning? 250,000 new jobs. Way more than expected. That's pretty impressive, I thought. Pretty impressive.