Fourth of July fireworks came early this year, at least for the markets. The DOW hit its 12th record close of the year.
The S&P hit its 23rd record close. Netflix (NASDAQ: NFLX) saw a record high after Goldman Sachs upgraded the stock from ‘Neutral’ to ‘Buy.’
“Cloud Computing” also headed for the clouds as IT hosting company Rackspace (NYSE: RAX) fueled rumors of “going private.” Are they serious? Or is the Texas-based firm simply preening for potential buyers?
Shah sat in on Fox Business’ “Varney and Co.” on Tuesday to mull over the market’s biggest stories. Shah looks past the headlines and offers a word of caution.