Waiting to see when are we going to see a pull bethunecookman. If you look back and we could see it through the options world, we talked about it last night. S p 500, we look at the spy put, they were bought 200,000. Mashlgt starts to turn people get nervous and obviously, weve seen this before where suddenly, when something start, then everybody doesnt want to be the last one holding. That was a monstrous swing volatility spiked. Got up into the mid 12s. But here we are. The markets now back focused on what the market should be focused on, which is earnings and how are they doing so, doc, were 25 points away from 26k again on the dow. Does yesterday then just become what a memory . A blip that well think about from time to time, but no big deal i dont think it was a big deal percentage wise it shows up as the biggest percentage move flip back and forth since february i believe of last year but what i really took away from it, judge, was were there going to be the buyers on that dip we talked about it yesterday as we pulled back 150 points before we went negative, we said wow, people are seemingly willing to wait and let it come to them. They were patient. A lot of puts right as, got the subpoena, not charge so whether or not that was a big part of this judge, that wonder that news was understated on how the market was there have been times where you know, buy the dip has turned into sell the rip and its been a few and far between. We should say. Were not in danger of getting back to that are we where weve got these big pops then people decide im going to take little risk off the table im hearing that and thinking those dips are so shallow. The base is 3 ill tell you what is interesting here there are stocks that still havent rebounded from yesterday. Well talk about them today. Citi reported earnings today in the premarket, it was up 2 and yesterday, it closed up. Today, the its down General Motors had a great preannouncement yesterday. Was up 3 at one point now its down today. My point is youre making a good point about stock market overall. The its more pronounced in individual stock, so know what you want to own and take advantage of those bigger dips in the individual stocks when they occur there are a message, joe, that investors should be taking from the last you know, 24 hours of the way things have traded . Yes, absolutely the message is its equivalency of stepping to the plate in 2017 and using whats relatively a light bat against 75 mile per hour pitcher okay now the 95 mile per hour pitcher is there youre going to use a lighter bat in 2018. Doesnt mean youre not long because you are still long but i think you have to be a little bit more cognizant that things are going to move to johns point, a lot faster youre having two days that you havent seen since february of last year. Youre saying two days make a whole new world of volatility . Is that, thats what youre suggesting i wouldnt say necessarily volatility i would say that momentum is advancing quicker and quicker and i would say that the fact that yesterday you had such a large intraday trading range and then today youre up once again and the dow 193 points, i think these are the type of trading ranges that were unique in 2017 and are going to be far more prevalent in 2018. Were coming off the calmest year on record and then start of the year, what before yesterday, what did we have one down day right we did now weve had two. Trz. I mean, yesterday, jim, i was talking about you on the show. Not in a bad way and you were called i was saying may have been bad he turned it good i was saying smart men like jim and women like steph were pointing out things that might happen in the new year you might see people that waited to sell then hit the button and to your point, judge, on big days like yesterday where you see such a dramatic turn around, its pretty damn obvious b that some big paper, not just retail, joes and janes and all the rest, but big institutional parp boug paper bought the big 200,000 put lots 20 million shares of the spooider they bought them they profited. Theyve taken a lot of that off right now. I think a lot of people were hitting the sell button on the institutional side, judge, yesterday. On that big run up so sell the rips yes. Thats what they were doing yesterday then because it had this dip, they just said, okay, well theres no more pressure, back in buying i think our colleague carl poining out on twitter history doesnt exactly say that because you have this big reversal yesterday portends bad things to come in the months ahead it could just be a one off weirdness if you will, machines having a lot to do with it who the heck know, pete. Machines, political, all the thing, john brought up the political side, but the machines as well. Ill give you a good example so so far this year in january, we are averaging 5 million contracts, more per day than we did in 2017. On top of that, yesterday was the largest volume day in the Derivatives Market weve had in years. Over 30 million were traded, scott, so you talk about where is it an the moves and everything else. Huge volumes coming in yesterday when you saw that volatility spike. You got a little bit back to the political side and this is not a part comment on either party a. But it is, youve got the some sort of agreement to a stopgap spending bill apparently in order, friday looming well believe it when we see it this looming Government Shutdown theres a deal, then no deal i dont think and the spending deal. Because trumps not going to get his wall in this go around not going to get the wall paid for and so theyre just going to push it out till february. Thats what i think. Thats what were seeing i think the markets responding to that. Do we think were in for a new more volatile environment or no ill answer that first by say ing yes, but not so much for me. Because you said pete a second ago that went to 12. Over 12 and 12. 81 oh my god, its 12 for crying out loud ta used to be b from the range, thats above. The range has been 10 to 12. You understand the absolute point im making what i think is more salient that individual stocks have been an will continue to be far more volatile thats a great opportunity for active stock picker, which most of us are. Thats what we do. Were out here telling you what we like and dont like ooip seeing great opportunities out here and it doesnt matter the to me what the multiple on the overall market is oar where the vix is im seeing great opportunities youve mentioneded already, jim, there are a number of stocks that have not rebounded yes sfwl General Electric is certainly maybe at the top of that list. Shares extend iing today. Ge is down nearly 5 p so what do we make of this now i said yesterday on the show and i was somewhat tongue and cheek, that yu dont buy the stock until jpmorgans steven comes out and says its okay now, you can buy it. He put out a note as we expected he would because of the report fabers report that they could break up the company as early as the spring and he basically reiterates he maintains his sell on General Electric reiterates under weight. His price target is 16 he said the ges charge is larger than expected anybody buy this thing yet no reason to buy it especially as it approaches 17 and a quarter from last year this is a management misstep you told us in november that this charge was going to be around 3 billion now its 6. 2 billion. As we dised yesterday, been a law Interest Rate world for a long time. Theyve had since 2006 to get this story right other reinsurers fell yesterday. Unm cno. I think the question becomes paging nelson pelts. Whats he going to do . Hes got a member on the board at garden. What is nelson pelt going to do . Get involved maybe you have to wait and see what this hes done a lot in the past afarded plan is going to look look he points out the charge being larger and implications of dealing with it. Delutive to earnings Free Cash Flow and ultimately value. The stock, our price target remains 16, but sport is eroding. Its inescapable that you have all of these fundamental issues wrong with ge along with sentiment, which hasnt been this negative on a Company Since at least the financial crisis, but more reasonably in decades so you look for opportunities and they come when you have a stock thats gone down for the wrong republicans. If its been sold off for the wrong reasons. Give you u a target. Wells fargo. Some where theyve oversold them because of negative news thats out there, but theyve push eed them even further. Ge is a different story. They have problems they have competition. In every single one of their biggest areas of business segment, they have incredible competition, scott this isnt something that gets fixed overnight. Nelson pelts cant come in there and throw some magic dust on top of it. Its going o the take time for ge to get this thing turneded. We talked about that a few months ago i dont think ge is probably in a position for something to want to see any kind of a turn for another six months at least. The reason we keep talking about it is because it has been such a widely held stock a blue chip. I mean at one time, the ultimate blue chip. A stock thats gone from the penthouse to the out house and its alarm ng some respects because of where ge has been and the manner in which its been talked about for so many decades. Theres a flurry of activity around a number of other dow stocks today not the least of which is apple. Theres a couple of interesting push and pulls here. You have bank of america, guys, raising the price target to 220. Thats the highest on the street so lets kick that around. Tat the same time, longbow do downgrades it to neutral so we could have a debate on apple here the debate as i look at it is about the multiple both Research Reports have identical estimates r for this years apple earnings. Past that, they get a little different. Weve kicked this around on the desk a lot steve weiss has brought this up before is 15. 5, 6, too rich for apple i dont think so im long the stock, so i dont think so youve got to strip out the cash pete, you talk about the fs serh theres a lot of cash here that they can do something with i dont think 15. 5 is too much for this stock you seem to have a debate over the iphone x. The ten. Yep february 1st. Other than us speculating and we have to speculate because until february 1st wall street seems to be speculating. Checks and all this other nonsense but tim cooks going to tell you how many they sold in the quarter then investors are going to have to decide whether its good enough. Katie was out talking about what her channel checks are telling her in chain thats the big one how is this actually the adaptation of the x and its actually beating, running in front of the 8 and 8 plus in china according to her data. Shes been the one whos been right. Shes been the one im going to follow shooels also the one several years ago that said its about the services and growth. Shes been right so her targets 200. She has not waivered, risen above the 220. If those numbers are correct, the r worries get put to side and suddenly, we start to see which we havent even addressed. We know some of these Large TechnologyCompanies May not get as much of a boost from the tax plan as other sectors, however, the repatriation and the potential of a turbo charging the dividend even more and buyback, thats part of the bullish case you get today and price target being raised to 220. I read the note i dont have a position on apple. Havent in a long time so i mean, hes basically talk ing about 10 growth versus 11 growth and the iphone you know, the wild card in all of this comes down to are we seeing sales in china that to me is the most singular important thing and the indications are from what everyones saying today that they believe theres going to be strength there so i dont see why would, if youre long apple, sell out your position here. Especially with the repatriation effect then theres ibm. Upgraded today to overweight at barclays its a big call u to buy the stock. Jim, you and pete both own it. So what do you make of this . Big blue so i obviously im in the stock. I agree. If youll remember, the last quarter was the first time that we really got the feel thag the turn around was in place that the Strategic Initiatives were taking over from the legacy business i bought a half position shortly after that id really like to add to that half position. Even though the stock is up 10 . I want that confirmation from tomorrows earnings that the Strategic Initiatives not only have taken over from the legacy businesses, but that the revenues are growing again because if you get that, this stock with its multiple and its dividend going to be heroic. The analyst is obviously trying to be heroic stepping up in front of earni s earnings i respect that i admire that. Stepping up in front of earnings narrative can finally shift if revenues start to grow this year, which they can. Its a really brave call because the analyst took the target up 60 bucks, judge. The analyst was at 133, i believe. Set it at 192. I mean, you know, so okay. I said 60 bucks. Its 59 bucks. Still. Thats a heck o o f a move your points well taken to drive it up like that. Id love to know more about what really got this one turned but apparently, it is all the things jim mentioned. What about the prospect of more buybacks for a company that has been one of the undisputed heavyweight champs in the area yeah, but i think it has to be more than that. Weve had that time and time again. This is about the modest growth potentially and an lalytic side. Cloud, theyre start iing to compete. Theyre showing signs of its amazon, also microsoft and then maybe ibm. And block chain. So there are a lot of Different Reasons why i think this is an interesting call especially a day ahead of the earnings do you have a thought on big blue sfl. Its a name that many, many years ago, i got out of. I have not come out of ive been in s. A. P. For a lopg time i think sales force is a maim that has shown much stronger fwrout than what youve witnessed in ibm s. A. P. s worked. Adobe is another name you can play in space. To see ibm at 190. That soundsgreat where does that put apple . 210 . 215 . Love to see it we seem every week to be focused on these big Blue Chip Companies out of the dow positive calls, mention, reratings and improving economy around the world oh, by the way, the falling dollar it all plays into that story with we get these calls almost every day. Is this where the trend going to continue to be yes, i think. In other words, wed say go big or go home thats one way weve tried the suggest looking at it. We have not heard anybody say you guys were too optimistic with your view of how many more were going to benefit from the tax bill weve not heard one company say that yet now were just in the start of the earnings season really with jpmorgan and wells fargo friday and b obviously, the companies that have reported through today. But now were going to start really seeing that and i think the more we see and hear those kinds of comments sh, t more liy the it is we sustain rather than pull back. Finally, Goldman Sachs to round out the conversation posting its first quarterly loss in six years as trading revenue suffered mightily. Will frost here to break it down whats your take away . So Goldman Sachs is slipping for two reasons. The first is the tax bill hasnt delivered as big a benefit as some hoped this man faess as their effective tax rate only falling from 28 last year to 24 this year and the one off charge for q4 largely due to repatriation expenses impacting capital sufficiently that it will limit buybacks for 2018 the second reason is that trading was disappointing. Much worse than peers. Driven by fixed income commodities and currencies which was down 50 trading remains the most important part for the full year, it was 37 of revenues for context, this compares to 56 of revenue in 2010 that said, ive just got off the call with the cfo an he was as optimistic as you would hope given the numbers, that trading could turn around going forward. Both for cyclical and structural reasons. Now on Investment Banking, Goldman Sachs revenue u is stropg, but a smaller part of the pie. Bank of americas numbers were solid. Trading down 9 . Decent loan growth shares slipped during the Earnings Call when Brian Moynihan cautioned optimism about Net Interest Income for 2018 share price of the two Goldman Sachs down about 2 . Bank of america, down about half a percent. Guys okay, so stick with us, will, because we want the kick things around a little bit on the desk. Gold man was the only bank of the big five to report declining revenue from a year ago. Wilfred highlighted how thick was weak mike mayo on our show the other day says quote, it seems like progress should have been faster than what its been. I read that today about the earn x. Is that fair the story for Goldman Sachs is commodities coming from that background, its the e ququivalency of the patriots going 214 next season for the revenue to be down 75 specifically in the commodities business, that is the worst performance that Goldman Sachs has seen in that business since they ipoed in 1999 its unbelievable. Morgan stanley was fine. Theres something that needs to be fixed at Goldman Sachs because it doesnt seem to be a problem with Morgan Stanley and in fact now, Morgan Stanleys commodity business is now perceived to be better than Goldman Sachs, which again, for many, many years, they were the new England Patriots this stock a no touch now or what is it how would you characterize it . I think its cheap. You look at the trading, which is what everybodys focused on thats not good to joes point thats terrible. As buenos airad as weve seen if we look at the Investment Banking side, thats up 40 plus percent, 2 billion. Not a bad number, scott. Given the earnings they were able to report which they crushed on top of what were see i, the larnger piece, maybe theyre focusing on that too much because i think going forward, theres going to be improvements there i cant imagine it getting worse in that category now youd like to have a guy like nick saban go after these guy, judge, for this reason. So fixed income and commodity trading, joe, right, as you accurately said. Down big yet you have the tenyear go in the september from 2. 04 to 255 and you guys didnt make you know, the numbers are this bad and then how did crude oil do over that same three, quarter were talking about. How did materials an all the other things that go into the commodities side of the tlad, how did they do . How did you guys screw this up so bad not get on the right side of any of that. Youre using the nick saban ben thing to suggest an activist needs to come in needs to get down there and or with the sales traders, judge, to get these men and womens heads right. Again, those are tupts that i just described how are they not on the right side of those . Z others sukt that had the change doesnt need to come from the rank and file. Needs to come from the top called for his head come back to the trading performance clearly, you cant overstate the level of decline when you look at just 2017s numbers an the steady decline since 2010 to 17, but the mistakes were probably made two or three years ago thats where Morgan Stanley did start to outperform their rival. The issue is with the valuation its on and the share price underperformance last year, are they going to start to see benefits coming through over the next year or so . That doesnt excuse the mistakes of two or three years ago, but it might lead to better share price and earnings performance this year relative to where expectations are, which are clearly very low wilfred, this may be a very difficult question to answer and ill give you a stab at it does goldman miss gary cohn . Very tough to answer corre directly i think they miss more broadly having not addressed the issues they faced two or three years ago. Trading used to be 56 of revenue. Now 37 clearly,s thats a big slide, but the last five or six years has hurt pure investment banks more than the Money Center Banks and they were too slow to address that shift there exposure to corporates and to passive managers theyve stayed more focus to active managers. Too slow to realize that that happened when gary was still there. Thats a broader issue of the leadership not addressing those issues over the last few years than the last year since gary cohn hasnt been there yeah. I do think they miss gary cohn he was commodities going back to the j Aaron Division that Goldman Sachs had. To petes point when looking tat stock, i think pete is hinting at the fact that possibly the stock is closer to a bottom. The one good thing in this report is value at risk from the commodities business is at lowest level since 2003, so at least theyve neutralized a lot of the that risk and it does leave a significant opportunity for a rebound in the zbigs dwigs. Off to a good start post nine. Heres what else is coming up on the Halftime Report. Its one of the worst performers for the Dow Jones Industrials in the last year but one wall street firm sees value. Upgrading the stock to buy today. Its not ge. Its not ibm see what it is next. Plus, sarat releases his performance for 2017 when you see the number, youre going to want to follow his portfolio in 2018. The Halftime Report with scott wap ner and the traders is back in two minutes iving specific ses of out performance. Where a rising middle class powers a booming auto industry. A leap into the digital era draws youthful populations to mobile banking and ecommerce. Trade and travel surge between emerging markets. Everyday our 1,100 investment professionals a a ner withm, the Global Investment management businesses of prudential. But prevagen helps your brain with an ingredient originally discovered. In jellyfish. In clinical trials, prevagen has been shown to improve shortterm memory. Prevagen. The name to remember. Hey, what are you guys doing here . Were voya. We stay with you to and through retirement. So youll still be here to help me make smart choices . Well, with your finances that is. We had nothing to do with that tie. Voya. Helping you to and through retirement. Welcome back on heels of earnings from csx last night, i caught up with new ceo of the railroad, jim foot, just a short while ago i asked him about the impact of tax reform he says because of the changes in the nature of how the railroad is operating the businesses, theyre cutting jobs, streamlining assets, that he doesnt see a lot of need for Capital Expenditures theyre seeing how to distribute the cash he would love to see an infrastructure build because they move a lot of material, but he would eck pecht those commodities to increase. On growth that his personal pain is is we continue to build momentum, clearly optimism across the board for all of the commodity group, is there. He expects that to play out over the next few years and lastly on the turn around of csx, which has been under weight since Hunter Harrison took the helm, hes continuing to do the rollout that was put in place by harrison theres tho reason hey cant continue the achieve the success and results achieve ed at other railroads. Checking shares, theyre down about half a percent, but up more than 50 over the past 12 months thanks so much. Appreciate that report stocks are at the highs of day all of the major averages in fact you lock across the board, dow, s p, nasdaq, the dow has now recaptured 26 thou,000 some members in the press are saying there may be an infrastructure proposal from the president by yjanuary 30th i think that adds fuel to the fire no one intended. When he says theres going to be a, if theres a deadline to it, we saw what happened with taxes. No way its going to happen that fast by the way, it happened faster than a lot of people thought talk about merck also happens to be b a dow stock. Upgraded to a buy at sun trust its our call of the day Pete Najarian happens to own it, which is even better for the this conversation. I love the pipeline key is one of the names weve talkeded about time and time again. That was the point of a lot of what we were looking at when we saw this report come out that was the focus thaer taking about by 2021, a 10 wl in sales type of drug those are ones youre looking for. The billion plus dollars were talking 10 billion, so thats a huge number you look and continue the see the management add merck has done a dpraet job. Theyve had to knave gait difficult time, but when you look at what theyve got in the pipeline, this is one of those where you look at it sand say that right there is something were looking forward to that one is something and merck has dozens of those right now. What about the space in general . Which is off to a good start youve got to not what to expect from the space. I happen to like pfizer. I like them both. I think theyre equivalent, frankly. I loved seeing the new, but youve got to know what to expect here. A 15 rise is on the outside of whats reasonable. U youve got to remember these stocks tend to trade at mid teens multiples. They have 3 plus dividend yields 10 principle, thats great. Its a small fraction of the overall revenue, so dont mistake a merck or a pfizer or even a bristol for a Bio Technology stock like a serepta that can triple in a year or lexion that can double in a year just know what to expect if you get 10 from merck plus 3 , thats great be happy with it do we need to focus more on health care this year than we otherwise are thinking i think the opportunity with repatriation to see finally an uptick in m and a is there for health care, so yes, i think investors should be paying more attention to it. I would expect more and more, too. We obviously know all the rumor just from yesterday with celge e celgene, but it sort of faded. Kind of a lame move for an upgrade, isnt it . Well, the stock yesterday lost 57 bucks saw some unusual activity. It shot through 60 yesterday to 62. So the move was really yesterday. I think it kind of wore out a lot of the buyers. Youre looking at the chart there. The 24 hour chart is pretty telling. Back to headquarters now to sue herera, who has the latest headlines for us hi, sue. Indeed, i do. Paul ryan says its democrats who are threatening a Government Shutdown telling reporters it is wrong to deny needed resources to the military and the Childrens HealthInsurance Program in order to address daca. The real deadlines that occur this friday are our men and lets get started. Show of hands. Who wants customizable options chains . Ones that make it fast and easy to analyze and take action . How about some of the lowest options fees . 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So forwardthinking cities like sacramento are investing in streets that are smarter and greener. The solution was right under our feet. Asphalt. Or to be more precise, intelligent asphalt. By embedding sensors into the pavement, as well as installing cameras on traffic lights, we will be able to analyze the flow of traffic. Then that data runs across our network, and we use it to optimize the timing of lights, so that travel times are shorter. Who knew asphalt could help save the environment . The Dow Jones Industrial average touche 26,000 yet again. So as you can see, well there it is got to be careful because its changi evaporb, now a nice comeba for stocks today so the dow is above the historic level. 26,003 we speak. The brothers najarianestrator f activi doc, you are up first with new names. Starting off with an en cents today. Came scrambling in and bought some calls aggressively. As you see stocks about 18. 70 they w buy iing the 20 calls, say 1. 80 out of thmoney. I bought those second trade and this is a market this is the etf for bought i think ten or 11,000 in one single print in thi one there you see it the february 75 calls. I also brought those, probably two weeks. Quick update hawk. Final january 4th ended up being taken out by silver 45 or 42 a share stock at 35 at the time. So you saw unusual activity and 35s went 10 not too bad. Nice timing he say with a dose o cant blame you for that skepti it just me . Ak steel. Back on january 5th, scott, we had a huge buyer come in there. The february 7 calls stock was around 6 they paid around 35 cents for those calls. Purcha as well on top of wha had be happening time a little over 20,000 of those were bought in one chunk just tyou. Bacng, the nasdaq are all just about at sessio highs firstthough, back to hq. A rare downgrade for apple. The analyst finds that call will join us to find out why he is gettin less bull iish. We havcrypto investor who sa this is normal, maybe he wialthy. And is the governm some say maybe partne at kensho, when the consumer discretio up by more than 18 by the end all right, welback stocks are staging a rally the dow is at 26,000 once again. Nasdaq is at a high along with thes p along with the russell 2000. Sarat, our friend, managing partne at douglas c. Lane and barens top 100 adviseadvise snapba i think its a distant memory i thin people are just taking profit everyb was talking about to earnings season youve released new numbers commen on and proud of over the last year, your fun over five, ten an so all of that performance and wisdom into something for our viewers. What is your big take away move inmabasically says we don year so im looking at the republic for examp its a Great Company not going to benefit as much becaus the tax cut, but a year f now, two years from there. They made an acqui below market as jim has said before going to find opport below it and i beaten down Retail Retail is worth a multiple it takes patience. You ca wrong but when you diver and some wf the of the ones that did we logistics ta sold for i thin time iing is is al sell off for nonfundamental reason those are the ones you want to pick up but youre still a big believer. United is one of your picks and delta one of your largest holdin delta is the cream of the crop your chip that you want to own. United is my turn around its had a great run back up to 78. I think theres mo with probably the cream, which but as oil starts creeping up an head winds, i think thats when you sa money off one the things you cant be is greedy. Move it some other places. Sur sarat joining us again. All right, from one value to yeah, this one i dont expec sarat is going to agree with its r patter this i a company that is sellin in effect set top boxes thats not whether wr they make they make that you are money on the Service Revenues that become increa making simple, but this is simila to a Company Called orcom, which some you know iv its similar to eco star dish 20 years ago when they first starte putting up satellite its v margin. This i however a very volatile stock. Up 6 today. No news on it. This i a little nitrogen fuel in your portfolio so its a very small posit the ipo in september, lock up in march. I add to it after that but you want people to get ahead of the lock up stock down 21 a month. Its up, what is it up, 86 in three months . This i volatility. Highly volatile s gettin ahead of a lock up coul be, but because of the volatility were talking about, i think this is going to happen in a short time frame meanin youll get a pop before another big move for bitcoin today, were going to get the future next on the halftime 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 at 4. 95, you can trade with a clear advantage. The markets change. At t. Rowe price. Our disciplined approach remains. Global markets may be uncertain. But you can feel confident in our investment experience around the world. Call us or your advisor. T. Rowe price. Invest with confidence. Welcome back to the Halftime Report. Im jackie de angelis. Tumbling on the cmef and trading just above the 10,000 level. Scott nations, cboe bitcoin expires today. Do you think that is playing a role in the volatility. I think so. None of the futures contract on bitcoin exist, they are all cash settled. So were going to have to see how that works obviously people are selling and in continuation of yesterday the fortunate thing for the stock market is we are not seeing bleed over on contagious. That is why we saw a turn around in the stock market yesterday. Nobody in 1998 thought that russia devaluabling the ruble or swearing off payment on bonds would hurt our stock market. And it did so we shouldnt poo poo the idea that the contagion in bitcoin would bleed over to our stock market. Would you be a buyer or a seller on these levels prading over 10,000 on the bitcoin. 60 of Bitcoin Trading originated in overseas it is not a surprise that they are selling these off the way they are it is a little overdone on the stokes but any kind of a rally until we get clarity will probably be sold into, 8,000 is a number from november 23rd i would look at. That it looks like it will trade to that number. Well be watching that closely. And were back with the live show tomorrow at 1 00 p. M. Eastern. Exclusively on futures now halftime is back after this. Well, its earnings season once again. Yeah. Lot of Tech Companies are reporting today. And, hows it looking . I dont know. Theres so many opinions out there, its hard to make sense of it all. Well, victor, do you have something for him . Check this out. Td ameritrade aggregates thousands of earnings estimates into a single data point. That way you can keep your eyes on the big picture. Huh. Feel better . Much better. Yeah, me too. Wow, you really did a number on this thing. Sorry about that. Thats alright. I got a box of em. Thousands of opinions. One estimate. The earnings tool from td ameritrade. It can power your apps with Public Services without starting from scratch. It brings your business up to speed, doing more with systems you have in place. It can bring all your apps to life and run them within your data center. It is. 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The Dow Jones Industrial average is holding one again above 26,000 s p, nasdaq, russell all new highs across the board as we go around the horn for final trades in the minute we have left. Pete, you are up first. Im going with ups. A name ive been in for a while. I continue to see option activity the industrials are strong this is one of the names that could go higher es. Core sep therapeutics we were lucky in juneau. Im not saying they get a 50 jump but there say lot of activity in the name and one of the stocks to jims point that could make that kind of jump that is a jump today. Pharma gen. Intel i do like intel. Two weeks ago they had this spectrum and meltdown issue. I have to be honest, i dont know if they fixed it or not i was going to watch the price action to tell me and it is telling me intel is just fine. It set a new high a month ago and will go higher from there. Joseph. I think i bought Texas Instruments at 58 and sold it at 81 116 it is incredible. Thank you to all of you power lunch starts now. On your menu, the bulls are back in town after the dow suffered the biggest reversal in two years. Been gone a long time but is stock volatility finally back. Well it is certainly back in a big way and bitcoin cratering below 10,000 today it is now down 50 in just a month. The bulls say this is normal and maybe even healthy but is it the sign maybe of something a little deeper. And a rare downgrade for the apple iphone maker and the analyst tells us what is worrying him im Brian Sullivan and power