The stock stars beyond Club 1700's velvet rope
What a week! Highlights include market guru Tom Lee's big call, Nelson Peltz, The Washington Post, "The Lone Ranger" flop, Quirky, wearable tech and Yahoo. It's all in "Talking Squawk," the official blog of CNBC's "Squawk Box," from the notepad of the show's senior executive producer.
'The 1700 Club': Tom's the Man!
Lee—who also guest-hosted on "Squawk Box" that day—went even further, saying the upside on the S&P 500 index in the next six to 12 months could be 1,800 or even 1,900.
He even got props from "Squawk on the Street" co-host @carlquintanilla:
Now, we here on "Squawk Box" would never toot our own horn, or tell you we told you so. But we told you so! Joe was jumping on the Tom bandwagon before there even was a bandwagon. In fact, this very own humble blog would never think of pointing out that back in our June 7 edition we suggested that Tom is quietly becoming the next market guru:
The new market guru?
Is JPMorgan's Tom Lee quietly (and humbly) becoming Wall Street's next market guru? He may not be there just yet, but Joe is starting to sit up and take notice. Tom, this is a sign to run away! (story and video)
Thankfully for us, Tom didn't take our advice and he came back. Here's the link to a video of his latest market predictions from Thursday.
But we can't let him go without making some fun of him, which he acknowledged in a rather funny and self-effacing moment on the "Squawk" set.
Lee said the photo USA Today used was "silly" and "looked like one of those high school pictures." He then re-enacted the pose on set—complete with his hands under his chin. What a great sport!
Our "Squawk" hedge fund specialist Maneet Ahuja (follow her on Twitter at @WallStManeet) first reported on Thursday that Nelson's Peltz's Trian funds are vastly underperforming the S&P 500. (Maybe he needs to hire Tom Lee?!)
No laughing matter
Newspapers have been awful investments recently, but now billionaires seem to be tripping over themselves to buy them. Just this week, The New York Times sold The Boston Globe to John Henry (owner of the Red Sox). In 1993, it cost the Times $1.1 billion. In 2013, it cost Henry $70 million (and the Times kept the pension liability)!
Did Bezos think he got a fair deal? We didn't get a chance to ask him, but he is too rich to probably care and we are guessing his answer would be similar to his now famous 1998 interview with "Squawk." (We can't get enough of his infectious laugh!)
"Squawk" fill-in host Brian Sullivan (follow him on Twitter at
@SullyCNBC) felt the need to mount one on live TV, during an interview with the CEO. You can also check out a cool slideshow of the bikes on our "Squawk" Facebook page.
House of Lemons?
The "House of Mouse" beat analyst expectations with its latest earnings report despite lower-than-expected revenue due to three words: "The Lone Ranger." The flop will cost Disney between $160 million and $190 million. It may even become the biggest movie bomb of all time. Good thing this never happens to Disney. Oh wait, in 2012 "John Carter" lost $108 million. Oh wait, in 2011 "Mars Needs Moms" lost $130 million.
But "Squawk" co-host Becky Quick doesn't care because in 2015 Disney is slated to release the long-awaited "Finding Nemo" sequel, "Finding Dory," which will make everything OK, at least with her Nemo-loving 2-year-old.