Called them breath taking. They really are, because whats happened is theres a recognition that perhaps there is a cycle dynamic that had been hung up. There are a couple of stocks that really did matter micron, lamb research, companies we thought they were going to peak and i was asked what do i have to do that we shouldnt be at 13 times earnings and how do i explain to people that the cycles should be longer and the reason why thats not the case is the data center ive had everyone from the real estate data trust Investment Centers to the people talking behind the sales at the sales forces, and the work days. I mean, the data center is real. The Cloud Adoption is real and the Cloud Adoption is so much earlier than i thought we were i thought pretty much everyone had gotten to the cloud. It just isnt the case, so theres real demand, and the demand is shocking. So you look at the stock moves. Lamb up 9. 5 and nvidia, also one of the stocks you mentioned this morning. Nvidia is insane. And pete, credit where credit is due along with jim, youve been talking about this move in semis almost every day almost every week. Tire some, right . No, not at all. Not tiresome when youre making money have to put your money in to be a participant. When you see micron, another 29,000 rolled up in microns, people in november looking at the 38 strike. So when you see that type activity coming in day after day after day, micron has hit five or six times already in the month of september, i mean, all of it bullish. Qualcomm had last week on monday, last week intel. Nothing but chips after chips after chips, and weve talked about this time and time again when you have growth and youve got yield and youve got fairly low valuations, in many cases nvidia, not in that particular category. Texas instruments is low. They are not extensive stocks. Right, but that is what people are seeing. Its not just in semis its in technology as well, but the semis are absolutely on fire. The semiconductor index, 2 identify the last three month. 28 year to date is this the way to bank on tech . I know the f. A. N. G. S are on the marquee. They get all the air in the room but maybe we should be focusing more on the semi stocks. Yes i dont think we want to forget the f. A. N. G. Stocks because i think the earnings will still come through in spades and some of the names, google and facebook in particular are quite cheap. Semiconductors, we talk about Global Growth and this synchronized kind of growth that were seeing around the world. Semiconductors play right into that their end markets are auto, industrial, secular stories, ai, ar, Machine Learning and they have a very diversified set of end markets and you pick and choose some are very cheap, like lamb, like Applied Materials and broadcom nvidia is not cheap but you cant ignore i couldnt ignore amazon. Are there names in the space. Like nvidia, in the right places right now. Are there names in the space that havent had the moves that these other sexier names have had that you would buy today well, i would no qualcomm. I mean, qualcomm and intel has missed out. Well, you take on apple i was surprised you didnt immediately say broadcom but he couldnt guide up because of apple. They didnt guide up because of apple but said next year they will be off the charts. You added to that i did, Balance Sheet is strong and will increase their revenues i feel like a broken record on broadcom. This is the problem look at a 92, 13, 94, 96, 77, 98, what a genius you look like if you kept saying intel and microsoft. People got tired of you. I remember someone who got fired from a Prominent Hedge Fund because he said every time a very important guy said what do you like he said apple, and finally the guy said get out youre fired i dont want to hear apple again. It was the greatest performer. People tire of these names you want mow to come in and say Pinnacle Foods i like it but i cant do it in order so i have something new to say to scott. How much do you think is a Second Derivative trade off the apple phone . For the broadcom. Wireless charging its micron, its sky Work Solutions and possibly texas instruments. Everybody except qualcomm. Down 28 when the sector itself is up 28 there was no reason to pick that fight. That was wrong. They are not in the right end market you interest to get the names in the right end market and maybe the hurricanes actually changed that dynamic had a little bit, right . Now you have another Growth Engine for these names. Magna. Theres a surprise. You can see why. Arent you shocked, and i know you must be shocked when youve got an activist investor in qualcomm and its doing nothing, right right absolutely nothing if anything, look at it yeartodate been in it longer than year to date. Jim mentioned the overhang and thats the long apple play. Why is it that the activists in there have not been able to get things done. Are you going to tell them to not who want to accept in the middle of that until you know the outcome. Nxp smungtor, they would be so much high and nobody is tendering. Talk about a company thats upped fire from apple but will have to play at least 110 for nxp. If you talk to qualcomm they think they are the patriot its fine. They will be in the playoffs at the end of the year. Right. Weve got burkhead. Weve got at good team. Burkhead gets hurt. Does tech still get you to the Promised Land . Yes. Still get to you pay dirt, jim . Yes, and the most important interview was ellie evans interview with Julian Robertson who said, and i quote, one of the few advantages weve seen a little bit of support, apples, fookz and goingles, right then i think hes going to take them apart. These Great Companies are priced cheaper than they ever would have been in the 60s, 70s and 80s. And mkm comes out with a note that says revisiting relative megacap still below usual norms. Thank you, Julian Robertson. Thank you, julian and those of us who have respected him over the years, that was an amazing interview, kelly, great job. So all tech is going to work . Not all tech. Theres specific names you want to be in, and we talked about this on friday a big hit to oracle. Im backing oracle im looking oracle. You are i am. That 7 drop way overread where they are in the cloud because if thats the read you cant own amazon because amazons cloud has slipped as well. Oracle had a great run to the upside and got a little bit of an adjustment back and well check bought texas instruments, what do you mean hide out . Im not hiding them look at me, nvidia. Got to be careful with those words. You cant be hiding out, man aint no liquidation or hiding out. This is all about tech and the tech names that are working. Yes. Microsoft in the cloud is killing it. Can we finally get option activity at the 70 level it would be nice to see. Its important. Nvidia is the Third Largest holding of the smh. Are they allowed to be in the sms . Does that concern you . No, and ill tell you why when you have multiple uses. The ceo is so brilliant its hard to listen to him. When you have data center and the games and when you open up the lexa and switch, they are in everything that matters. Down that red dead redemption, sells as a quarter stock take two. Held things back because its supposed to be so realistic if it rubs on nvidia chips. This is sunday i had regrets on friday the second i sold an nvidia position. You sold the second i sold it i said i did the wrong thing. I regretted when i played the voikings d. They were a little weak. Nvidia was up 9 and i felt so guilty sticking with it. I said what am i doing what am i doing and here it is up 9 again. Should have called me and told me to stick with it. Are there no risks to this technology story, from the biggest and the brightest in the. No, theres plenty. The regulatory issue specifically around facebook now we know they share the ad envelopes and this is what champath palihapitaya had to say last week with the risk. This is where regulators interview. This is the single biggest risk for those two businesses which is that a regulator says, especially if europe because i think it happens there first, you need to dial back the capability of your advertising and what that is again is pulling that thread had a little bit longer, and that i think is what starts town raffle the true monetization capability of those businesses, and thats the risk that has to be mitigated. All right smart guy. Hes talking about facebook and google, thats the other business mentioned in that. When you have too much advertising and you cant regulate, it high quality problem. You know, i sit there and watch the nfl ads over and over again and they are all vetted. Facebook has so much copy its hard to vet, it really is. I bought some blankets the other day for like 1,000 that were on my wifes facebook whos afraid of Virginia Woolf women over 50 site im not kidding. These people know everything you merge equifax and facebook and they know everything there is but i mean, like they would even know where you live and what your drivers license is and what you like. Being facetious, but facebook is a that is the ultimate advertising site. Not just regulatory of course. How about the one thing that stands out to me and im shocked how well they have actually reacted. How about when you put up false numbers and when had the numbers that are put up and they have got in the different brackets arent correct. They did dont do adjusted ebitda are you saying the actual nielsenlike numbers if everybody hates them, why does clorox say everybody is questioning the accounting. You dont want to question the accounting thats it. Theres a company out there that does last mile thats going to come up. Just wait for that one. We got that one a little bit later. Thats grisly. Are there any risks you just have to say the expectations are quite high. While earnings and technology are going to be phenomenal and thats why you use bull pacs to buy the sector i think you do have to take a breather and see where the expects are. Wheres the operating learning and thats where your risk is you eventually get to valuations and start to see market rotation and thats what we saw in the summertime. Julian robertson. Nvidia nvidia missed worldcom missed. You can get killed. I would actually say. In the beginning facebook and google are your values within f. A. N. G. , for sure 21 times for google growing at 20 and 26 times growing at 30 , where you have margins going higher for both companies so you do get operating leverage. That said, you know, i mean, amazon thats not immune. I still like that story a lot. The valuation is hard to get around and netflix is the same thing and some of these have gone straight up so you do need a discipline. If you missed what had Julian Robertson had to say, deliveringalpha. Com, get it straight from the legendry investor himself and make your own mind up where you come down. Can we just admit that there are bond market equivalent stocks that sell at dramatic higher multiples and that you can figure it out. Clorox, procter gamble. I have calls in there. I think thats smart. But i look at those companies and i say to myself do i want bennator is a genius ceo 28 times earnings. You need one or two in your portfolio. I agree with that. Have dividends that you can sleep at night with so you try to hit the best ones. Our actually right. You dont want a whole portfolio. Make the quick point. I think the disruption is incredible in technology were beginning to understand it 4 00 in the morning and this is the truth. Im outside bringing in the amazon fresh bags from what they have done. Think about what they did over the course of one week with whole foods. Took down prices 25 . Im still dazzled. That early. Im sleeping in. Ten years of whole foods and amazon was able to do it over one weekend. This amazon, i dont want to go against amazon. I really dont i think they are too good. Yeah. I know that you probably went bed bath beyond. They report this week. No, no. Something has toss happen there. Stef you know, they are good operator my wife said weve got to buy this stock she dont like the fact that we you better hope shes not watching. Maybe she isnt watching tv because she sells real estate. Let me put on my husband are you kidding me give me a break. Peel dont even say what it stands for thats a drawback. Half of them dont know they think the a is apple and the in nvidia. I named it that i do that when people get too excited about a stock. Like why do you like nvidia . Well, he runs faster than moy other dog. Did did you name the other turtle yet i gave that turtle to the wildlife center, but thats jc center, but its been around forever. Ive got to bounce t. Dom chu has had a market flash. Reporter were watching whats happening now right now with the currency markets, specifically the british pound versus the u. S. Dollar its taken a bit of a dive here in midmorning to kind of early afternoon trading. This is on the heels, at least, catalyzed right now by some comments out of bank of England Governor Mark carney saying the majority view from the bank of england that some withdrawal of stimulus is likely to be needed in coming months if slack continues to be run down those comments along with some other reiteration of any rate hikes are grad all and limited taking a little bit of air out of the pound trade they got up to 1. 34 and were also watching the ssxb so some things to watch on currency side scott, back for you. Let get to wtvj meteorologist with the latest on hurricanes jose and maria. Jose is definitely closer to the united states. Well talk more about that in just one second, but we have big news out of the caribbean, that is that maria has gone from what we called 96l to a Tropical Storm to a hurricane to now a major hurricane. Winds of 120 Miles Per Hour and still several hours for this storm to get stronger. For folks living in puerto rico, this is could literally be the worst weather event to ever hit them in their entire lifetime. Were talking begun a storm thats not as strong as the storm a couple weeks ago, irma, but its going to take a direct hit right over the island, possibly a category 4, maybe even a category 5. I live down in miami the folks in south florida so thrilled that this storm will not be affecting us, but for the entire east coast and certainly for puerto rico, dominican republic, the Lesser Antilles hover the next 24 hours, this is a big story. Now, let turn to jose. Category 1, winds of 75 Miles Per Hour, so just barely a hurricane. Could be a Tropical Storm at any moment and you can see the outer bands going to affect the northeast and new england. Tropical warnings for all the water around cape cold the bottom line is that this storm, as we take a look at where its going, very unlikely now to make landfall it could graze cape cod, but its a big storm and it looks like Tropical Storm conditions anywhere along the jersey shore, long island, coastal connecticut and right up through cape cod. Those are sustained winds over 39 gusts may be as high as 70 storm surge will be a big issue tomorrow and into wednesday, especially for cape cod, and thats also the bullseye for rainfall where we could see over 6 inches of raven the other thing to keep in mind about when storms make landfall or get close to tornadoes, those dont look to be an issue. Real quickly that storm looks like it will take a loop and will begin interacting with maria if youre interacting on the east coast get red. Could be talking about maria right behind jose about a week down the road and more on that to come in the coming days back over to you. Steve, thanks so much heres what else is coming up on the Halftime Report. Next, two big notes on the shoes. Money, got to be the shoes. Shoes, shoes. The call of the day is next. With the fed meeting this week our trading meeting watch for a pullback for financials. For more go to cnbc. Com kensho the Halftime Report with scott wapner and the tradeers is back in two minutes at fidelity, trades are now just 4. 95. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. And afor tech advice. Trade dell Small Business advisor. With one phone call, i get products that suit my needs and i get back to business. For years, at t has been promising fast internet to Small Businesses. But for many businesses, its out of reach. Why promise something you cant deliver . Comcast business is different. We deliver superfast internet with speeds of 150 megabits per second across our entire network, to more companies, in more locations, than at t. We do business where you do business. Welcome back to the Halftime Report. Finish line under pressure being downgraded to underweight. Stock down nearly 7 they point to above average exposure to the hurricaneimpacted states but more importantly perhaps athletic trends are slowing in north america. Thats what they say. Something is happening so quickly and this is not unusual. People have just decided its like an age kid that doesnt know who jordan is and finish line does not get the number one nike shoes remember those go to footlocker, so i think the story makes sense. The one thing thats really interesting is that that they are in macys. I think macys is doing well i think gwyneth is sneakers are a double area and i thought it was more than market share. The whole sector has cooled. Are they buying video games . What are they doing . My guy wants sneakers. As many as he can get. He wants smokeers you better buy like 50,000 pairs between now and friday. Jordans, kyries, lebrons, the whole thing. If youre a middle man and youre in the mall, you have a problem. If you have the products, then you are a little insulated its going more dtc and its going more internally. They want to sell more from themselves versus being reloint on these other stores, and i think thats whats really happening from a big picture yes, are the trends slowing, for sure however, i dont think its as dire for nike as it is for guys that are selling their products. A note on nike says, quote, patience is wearing thin and panic may be setting in lowering the fiscal i18 estimates maintain hold . Its opinion a frustrating stock for sure, but last quarter was actually objection and the stock went from low 50s to the high 50s. The stock has now pulled back because of all of this other stuff going on with footlocker and reporter they have a huge Restructuring Program in place and have a huge r d budget and are working to get more products out and more quickly you need patience with nike, for shower, but i do think they are a longterm winner, especially in the low 50sin at expectations like last quarter. Everybody was lowering numbers ahead of time and then they came in and it wasnt okay. The stock rall owed. Is the space too promotional . Yes, yes. We know about some issues around under armor. Hand talk about this who continues to just absolutely dominate when you look at the valuation level plugs the goit bat in the space. Food luck and the performance is trying to get a little more lifestyle, right and they have a digger pie that they can dig into. Because more people are going for theon, than the apples. But footlocker go nuts about about stan smith this time the run thing i would say is i hated the word nike and panicked together nike is an Amazing Company they should be coming up, a tech play andtech comstock how the Options Market is well ow to police. 270 are 5 is where the s p is, dow come off its best week of the year. S p, trehe you go, Halftime Report right after this were drowning in information. Where, in all of this, is the stuff that matters . The stakes are so high, your finances, your future. How do you solve this . You dont. You partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. Morgan stanley. I am so busy. So ive asked chase sapphire reserve cardmembers to scout the world to find my next vacation. Dija, where is that . Im on a rickshaw in japan. Hes so fast this is delicious. Im sorry. Do you guys know who james corden is . Dont ask them that, its embarrassing. No. Okay, that is embarrassing. Sapphire reserve, from chase. Make more of whats yours. But we should be seeing ymore range of motion. , im fine. Okay, well lets see you get up from the couch. Im sorry, what . Grandpa come. At cognizant, were uniting doctors, insurers and patients on a collaborative care platform, making it easier to do whats best for everyones health, every step of the way. You may need more physical therapy. Ugh. Am i covered for that . Yep. Look. Grandpa catch grandpa duck woah ha there you go grandpa. Keep doing that. Get ready, because were helping leading companies see it and see it throughwith digital. Congratulations to the halftime trader for making the bear rons top 100 independent advisers list. All right congrats to surat. Pete najarian is at the telestrator with a look at whats moving in the Options Market joined. Yeah. By cramer. Proud to have him over here in will be a lot of fun. Ill lay out the story and tell me what you think about. Tmobile, scott, incredible activity you can see where the stock has been its been as high as this line i drew up here, a little bit above the 68 level here it is at 68 someone walked in and bought 20,000 calls of the october 67 calls, so when we see Something Like that, somebody paid 30 cents and times the 20,000 and times 100 shares per option and put all that together, thats a huge buy somebody expecting the stock to maybe get up there towards 67 in the next three or four weeks what do you think . Always people speculate that this is going to be deutsche telekom, which something is going to happen there and sprint wanting to combine deutsche telekom. I think john ledger does want to let this thing go and i think the stock is undervalued i thought the quarter was really good maybe somebody knows of an upgrade that will turn it around and maybe somebody will say one of the Cable Companies has to get involved and betting against john ledger is such a bad bet and i know you like the stock. Salesforce, both love this stock. I think that benioff is one of the brilliant men out there in the Silicon Valley and absolutely a movie and shaker. When i look at this scott i think thats ready to break out and is going through 100 someone else came in and werent buying calls someone came in selling the downside putts the 92. 5 strike putts and came in very aggressively were talking about 15,000ish or thereabouts. Huge seller of these puts. Getting about 60 cents what that is telling you if the stock were to sell off they would be willing to own this stock. Call it around 92 a share but thats a very bullish bet. I decided to go a different way. Im not at guy that likes to sit around with puts i bought a call spread looking for the next 100 in the next three or four weeks. Mark is in town, having dinner with some ceos. I think its going to be a terrific dinner. A lot of times when mark talks, you just cant help yourself youve got to only stock this is an unusual trip and nothing not in the sense, unusual meaning hes just in town, dinner, telling a good story, and i totally get it because hes spellbinding when he talks, and you want to own this stock when youre with him. He doesnt ever tell you anything, anything other than what reiteration of the last Conference Call but he does it in a way that makes you think, wake a second, the cloud how about workday an service now. Put this company in the conversation and by the way, can we just explain that if he goes over what oracle said about him and goes the other way, you are going to want to own it. Mark is just hes charming. Hes entertaining, but hes rigorous. He is. And i think when people listen to the real story, not the story outlined by mark hurt or stories outlined by Larry Ellison who he worked for and loved. Used to be at oracle. And loved. People forget that. People will say you know why, why shouldnt i be in salesforce. How do you really feel about him . How do i know about him how do i feel Im Holding Back im going to hold back. Really. Good choices, pete, clearly. Sue herera has the latest headlines for us hi, sue. Hi, scotty, indeed i do heres whats happening at this hour the National Hurricane center says that Hurricane Maria has strengthened to a category 3 storm with winds of 120 Miles Per Hour its heading into the caribbeanch the eye is expected to move through the Leeward Islands later today and it is on the same path that would take it near many of the islands wrecked by him ark hurricane jose meanwhile is making his way up the atlantic, and while its not expected to make landfall its still affecting the atlantic seaboard. Strong waves and rip tides keeping beachgoers out of the water along the new jersey shore. President trump speaking before the u. N. s annual General Assembly continuing his call for reform during his first remarks there as president he also told leaders it is time to change business as usual. In recent years, the United Nations has not reached its full potential because of bureaucracy and mismanagement. Well, the United Nations on a regular budget has increased by 140 and staff has more than doubled since 2000, were not seeing the results in line with this investment. And that is the news update at this point. How over to Brian Sullivan with whats ahead on power lunch. Hi, brian. Hi, sue, thank you. Coming up on power lunch, facebook under fire in washington and calling on lawmakers to check out russian advertising during the election and maybe the strangest story of the day. New reports say amazon may be looking to buy tv channels, and well tim you who is really smarter when it comes to smart ed lines and much much more come up on power lunch right after this short break of longterm mega trends, like the primetime of urban expansion, pinpointing opportunities to capture alpha in real estate, infrastructure, and emerging markets. Partner with pgim, the Global Investment management businesses of prudential. This is not a cloud. This is a tomato tracked from farm to table on a blockchain, helping keep shoppers safe. This is a financial Transaction Secure from hacks and threats others cant see. This is a skyscraper whose elevators use iot data and ai to help thousands get to work safely and efficiently. This is not the cloud you know. This is the ibm cloud. The ibm cloud is the cloud for enterprise. Yours. Welcome back andrew left of citron is calling Ubiquiti Networks or fraud youre saying they are a complete fraud what proof do you have well, if you read the citron report. I read it. Theres over 20 pages of proof. Most importantly if you see the way they are outpacing their competition, this does not make sense. How they say they are outpacing the competition, the justification does not make sense whatsoever the reconciliation in cash does not make sense if you say oh, my god, this is a real fraud and its funny i think some analyst might have defended it saying its not a fraud. They have real products. What does that mean . World trade centercom went under that was myling distance provider and leveling such accusations against a publicly traded company are serious. Scott, i dont do that often. What made you say fraud i dont do this often the word fraud i use very judiciously. Understand terminal Business Model and overvalued versus something i believe is a fraud and when you look at all the red flags it doesnt take a cfa. You dont have to go to a top business school. You sit down and read the citron report and youll conclude oh, my god, this company must be a fraud. You know, its funny i just heard mr. Cramer talk about mark benioff and how compelling of a ceo he is, and when he tells the story you have to buy the stock go to the citron report and youll see robert palra the ceo of ubiquiti youll see a speech he gave last week in taiwan. If thats the case, he,s the antibenioff heres a guy who is generating benioff type margins in hardware without any grownups there, without any justification. He didnt come on your show today. I dont think hes ever been on cnbc for that matter, so im supposed to believe that the best ceo in the history of networking hardware wont even go on your show, mr. Wapner. I dont get it i dont believe it. We invited mr. Parra on the company is not commenting on your accusations planned parra hasnt responded to a personal efrill from me to him asking him to come on you mentioned analysts who are defending the stock. I spoke with an analyst, i wont say which analyst or what firm who said, look, theremay be some issues that mr. Parra may be in this persons words pushing the envelope at sometimes, but that youre essentially regurgitating what the bears have been saying about this stock for years and the amount of information their have thats new is extremely limited if not nonexist sglent before madoff was found out, i think was an article in bear rons seven years beforehand that discussed questions about madoff Allen Stanford do people think if a fraud is mentioned once and it doesnt go away its not a fraud. The fact that ive been echoing these terms mention bid others would even more validate its a fraud. Theres a reason why we have a catalyst right now. Next month robert parra has an option to buy the rest of the memphis grizzlies. It was five years when he bought the team initially and the nba and the owners and mr. Parra will have to take a close look at ubiquity and its financials and his financials and the more sunlight you put on a fraud the more chance it has of being exposed they also have an investor update, if you will, coming later this month, i believe. The company the company has gone to the point of ridiculous they are new offering is a goopro camera you wear on your chess. I understand the market and the numbers they are putting up are are not believable. They are fraudulent and i have no problem standing by if. This person that i spoke with said that you can document real deployments in a real business theres an underlying business thats good. They have a real presence in wireless isp they have expanded successfully in wifi, and net gear, which you put out a sevenminute video sort of explaining your it is, beatings neck camp they are not targeting the same customers its like apples and orange. Its what they were so youre looking at two different parts. The future part of the business. The new product targeted gopro and the last product had a solar product, so youre talking about they are lets look at this company as what they are now. If you want to say cisco works do you want to compare them to anyone you want to compare them to they are not just beating them they are beating the pants off of them this, would be, so i gave the analogy as, if you know, when barry bonds hit 73 home runs. This would be like barry bonds hitting 273 home runs. Its not plausible ive got jim cramer who is sitting here as you said, andrew i would like to bring him into the conversation i dont know how much work andrew and i communicated thank you, andrew, for trusting me to be able to go over it and i did not speak to anyone, but the one thing im trying to figure out it does have a very small board which is often a red flag but theres as mr. Hurlston on there, a very distinguished guy from broadcom. Why do you think broadcom is a real company, so i dont get what his involvement is. If you look at the board turnover, maybe hell go look at claims and then realize he shouldnt be on the board, just like everyone else who has been on the board over the past five or six years i want you to know its very important. They are doing this, jim, without a cfor, without a cto. If you look at the management, theres not one grownup on the management, so forget about the board for a second who is actually operating this company . Lets take the story and say this is the best operated company in all of hardware without one seasoned executive in management. So forget about the board because theres high corporate turnover, board turnover which i mention in the report as well. From everything i can tell they dont have a cfo, and as jim just put up, their board is lean, to say the least i cant at least off the top of my head think of another company that weve talked about in recent memory that has a board of only four people. Scott, if i was the ceo and i was putting up these numbers and they were true, i would be on your Network Every week, and the key thing is what toss he say, the bears involved dont understand my company. Weve heard that before. Let me ask you this before we go where do you stand today on nvidia, andrew oh, boy we have a hot market its a lot of fun. Gets your ratings going. Everyone loves it and and lifts november and go, go, go. Why do you keep looking for opportunities to short it . I look for opportunities to short it the management of nvidia can execute on all cylinders the next three years and the stock not move its unfortunate we have a market that investors cant buy a stock and let it grow along with the success of the company. We like something and we just assign a valuation four years ahead but thats the market were in what im focused on today is fraud, not valuations, not anything else. Im not going to let you off the hook that easily are you still short nvidia or not . Im not short nvidia right now, but i do believe there will be a time, maybe in it goes up another ten points tomorrow, scott, yeah, ill short it, no doubt. All right an crew, thanks for coming on. Appreciate it. Have a grade day. Well talk to you again soon. A fraud charge is going to if this is a real company, the sec will will call andrew. And if its not a real company, this gentleman whose Conference Call was la little disjointed, i mean, he would call the s. E. C. And say, look this, guy is ridiculous. Ive got a real company. Let me reiterate we did invite robert pera, the founder and ceo of Ubiquity Networks to come on this program today and discuss the allegations from andrew left. Did not hear back from him directly the company declined comment or wasnt in a position to hide all of that after dont you think its interesting that he says good thing for us, if hes so good why hasnt he been on cnbc in thats a good question. Hes also, by the way, the owner. Memphis grizzlies. Nba. Thats a real business. So well hopefully catch up with him sometime soon Halftime Report back after this break break. Analysts versus panelists returns tomorrow our focus is the highflying semi stocks. We want your questions on stocks like nvidia, micron, qualcomm and more they will be answered live on the Halftime Report tomorrow at noon eastern. Email us. Halftimereport cnbc. Com or tweet us using the analystsversuspanelists the Halftime Report, why the weekdays here on cnbc i count on my dell Small Business advisor for tech advice. With one phone call, i get products that suit my needs and i get back to business. [he has a new business teaching lessons. Rodney wanted to know how his business was doing. So he got quickbooks. It organizes all his accounts, so he can see his bottom line. Ahhh. Thats a profit. Know where you stand instantly. Visit quickbooksdotcom. Its not just a car, its your daily treat. Go ahead, spoil yourself. The es and es hybrid. Experience amazing. We should let you know robert para, the founder of ubiquiti tweeted a response to andrews report. Here it is i just put my head down and let the products and numbers speak for themselves my apologies to those affected by these clowns. That coming from robert perra again today. So this story i dont think is going away any time soon maybe well hear from him on this program that would be great all right. Final trades with jim cramer and the desk, next on the half. Opportunities arent always obvious. Sometimes they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Becareally want to be there, but you cant. At cognizant, were helping todays leading Media Companies create more immersive ways to experience entertainment with new Digital Systems and technologies. Get ready, because were helping leading companies see it and see it throughwith digital. Your bbut as you get older,ing. It naturally begins to change, causing a lack of sharpness, or even trouble with recall. Thankfully, the breakthrough in prevagen helps your brain and actually improves memory. The secret is an ingredient originally discovered. In jellyfish. In clinical trials, prevagen has been shown to improve shortterm memory. Prevagen. The name to remember. Kevin, meet yourkeviner. Kevin Kevin Kevin Kevin Kevin Kevin Kevin kevin kevin trusted advice for life. Kevin, hows your mom . Life well planned. See what a Raymond James Financial Advisor can do for you. Whats on mad money tonight . You and i bautd their product to get our battery extended so we can go and play fantasy and take pictures. I didnt realize the name of the company is zagg. Its so important it is its huge. I want to talk about a stock that you guys over here differ oit seems. Wells fargo. Pete, you like the stock i do. Jim, you i just cant. Look at a company like a citi. Citi is doing everything right its mr. Clean and these guys, i dont know its like i dont want to wake up and discover Elizabeth Warren on my show bashing them. I just dont how do you reconcile that jim is a smart guy. I hate to go gaenagainst him oni one but its a terrific bank at Warren Buffett says. Hes still there with 9. 9 ownership in this bairng if he thought it was something he should worry about and they went from 2. 1 million to people with this unauthorized accounting 165 Million People is the real number spoep these oar even though its a million more, its still small numbers. Look at the reaction to the second time hough this did in terms of the market. I look at it also on a valuation if i look at it price to book. When it gets near 1. 3 to book, youve got to own it id only say about the buffett endorsement is what youre saying. Took him awhile to figure out he was ready to be done with ibm to some extent. How do you know hell not ibm didnt have the headaches wells fargo had. Hes sticking with wells fargo its a terrific bank theyve made mistakes, and now theyre correcting them. New ceo. You are viewing it from the prism of a trade maybe a no, this one i feel like it feels a little like my bank of america position ive had on for a couple years i just couldnt take it anymore because the news is bad. And i donti inthink they have their arms around it final trades . Buying more on the texas banks. Rates higher, itbx two tech stocks last week was Conference Season for technology ebay i thought did the best presentation last week talking about momentum in marketplace. Margins expanding. Free cash flow generation. Momentum is a new name for me. They were at the conference. 3d sensing and they have the apple business the first to market. I think the momentum continues bac is still my favorite. Im with you caterpillar, i just the reason i mention this. Theyre talking about a 14 number if they ever got the 10 number it would be big. 14 i dont know great having you. Mad money tonight at 6 00 p. M. Power lunch starts right now heres whats on the menu per power lunch. President trump getting ready for his first speech at the u. N. Will he be able to get other leaders on board deal with north Koreas Nuclear threat lawmakers looking at possible action against facebook all this over fake news, paid russian ads. And amazons everexpanding empire may take a strange new turn you wont believe what amazon is rumored to be interested in buying next. Im briasu
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