The Investment Committee is ready to go. The Halftime Report starts right now. It is great to be with you on this monday our Investment Committee today is here. We start off with what will be a big week for the fang stocks josh brown, what are you expecting here lets start off with facebook . I dont think facebook and netflix have anything common if youre long facebook dont look what went on with Netflix Facebook is a singular story the stock is telegraphing everything you need to know about how strong the quarter will be. The main concern that hang over this stock have nothing to do with fundamentals or ad rates or user rates i really think its about how bad do we think the next round of fines and or regulations will be i would point out, though, historically those things have actually been positive catalysts. It makes you upset to hear but every Time Facebook announces they settled or paid a 5 billion fine the stock adds 4 market cap the street loves when theres finality of it thats what the call will be, i think. Once they get through here are the numbers for the quarter. That will be what the questions are. For longer term investors it hasnt mattered. I dont see why all of a sudden it might that 5 billion fine was good news but the theres investigations still outstanding we dont know about steve weiss. Do you have enough comfort around this stock to be in it . Yes 5 billion was right in line with expectation. The cost of doing business. It will continue to weve seen alphabet get fined by the eu they will get fined again by the eu its a fact of life when youre such a dominant company. When you look at it this way which is that theres a moot around them. Very expensive for them to do business and thats why competitors arent coming in you still have that trend of ad dollars going on facebook is an inquisitive company. Some would argue, megan, that the more regulation there is the bigger the m oroat around these companies. Any increase would help the Bigger Companies and thats harder for the Smaller Companies and the new entrants to get in one best thing for facebook is higher regulation. When we look at were going to see this week from earnings some of those Bigger Companies, your facebook, apple, amazon, we are expecting the Larger Companies to be a bigger detractor on margins for the s p 500. So when we look at, you know, maybe more the median company, Earnings Growth and Profit Margins are going to hold up better but apple, facebook, boeing will account for over 1 of that net profit margin contraction were likely to see for the index by and large we have to take it company by company and not get swayed by Larger Companies we focus on of the remaining fang stocks, who do you like best facebook. I like facebook because it is the one stop shop for internet ad buys. If you want geolocation as you heard kevin oleary say many times, the only way you can get it is with facebook as far as getting somebody as they are walking in to the place where your goods will be sold. I think steven, i hate to say it when hes right. Hes right about the acquisitions here. Are we on tape. Dont roll the tape we hear that every show multiple times hate to say youre right steven is right about the acquisition that facebook continues to be very inki inquisitive. Our gaming studios and things like that. What a move this would be for facebook, i believe. And so they already have, you know, the communication apps like whats app. They got instagram they are killing it with those, they have basically taken those under the main umbrella over at facebook rather than having the people that ran them at the beginning, that grew them. Now Mark Zuckerberg and Sheryl Sandberg or monetizing those and if they go after gaming with 2. 5 billion people on these platforms thats another win for them two of the leading candidates for the democratic nomination and i know its a long time from now, would like to rip instagram and whats app out of facebook and force a split. Do you think that enters into the way people value this stock at any point or were just going breeze right through that . I think and i bet you do too, josh, there would be a perception on wall street that maybe they unlock value. Now thats not really the way i view it. It could be almost a good thing. Its not the way i view it. The longer they can keep these together, the more powerful they are and, thus, the more earnings power. On the other hand, if they split these off by their own decision or if they are forced to do it, to joshs point, i still think theres potential for to unlock value i look at people were saying paypal will never survive without ebay. Its bigger than ebay ebay has gone up because it forced them to focus more. I actually agree with that i would say like if thats the worst thing you can say about facebook is more regulation and they might get split up because of politicians, like bring it. I would say nobody is going to bring it, no mechanism to slip them up, number one number two, you talk about first the president s election you talk about democrats president ial election and sort of fringe. So many steps i think the market ignores that as they should. And if the stocks trade down based upon that, becomes a reality i agree if youre talk about even out a year or so ripping instagram or ripping whats app out of the arms of facebook how could you talk about facebook acquiring anything at this point because it would be somewhat different. I mean something that you do on their platform rather than a connecti Communications Network they have to find a way to monetize gaming studio but i dont believe that would be ad related. Amazon, despite being under the focus and magnifying glass of the president and congress they keep going out and making acquisitions and keep announcing new initiatives which will make them more yubiquitous in everybodys life Morgan Stanley is raising the price target on apple saying the set up is attractive shes been a long time bull on this stock what do you make of this note . Biggest hold be pete pounds the table any time katie comes out with a note. Super bullish as she has been on the stock, but as she notes, theres a lot of negativity about what apple has been doing lately and how they might be doing going into this earnings is that one of the things that perhaps has held it back from going back to that 232 or whatever the all time high was perhaps. It certainly is doing pretty well this year and a fantastic recovery from those loss below 150 in december. Before january i think one of the biggest things to think about here weve been focusing on the declining and hardware growth, as a percent of their total Revenue Service is becoming bigger we look for companies that are diversifying their revenue exposure into services, into other areas of the economy, frankly. Health care and things like that that is a support for higher multiple and so in terms of smoothing out your revenue stream thats a good thing there are some head winds with the u. S. China trade meekss and huawei which is a big competitor and the risk there being that you might see some nationalism from chinese consumers buying less apple and more huawei before we get too excited its her eight price target change shes been higher than this. As bullish as shes been, she hasnt been that confident price target between september of last year which was at 250 to now has gone down as low as 200. So i wouldnt bank on that being it i own put, i own stock i think unlike her note that theres too much for good things in the quarter im betting the stock will trade down i dont want to give my core position because i dont want to pay tax. But i believe there will be an issue. At my 8th Birthday Party my parents hired a clown. I think he showed up drunk he dropped his suitcase and all his tools fell out at that point i stopped believing in magic i really dont invest based on that what i would say about apple this is a growth stock at a value price, been that way for years. Doesnt mean it cant have hugs on si oscillations. Still not at the high. One of the few large tech stocks that have not broken out this year i dont know if the news Going Forward will be enough this is a massive market cap i dont know if it will be enough not a lot of people are looking for huge things out of iphone. Im an investor in it. I dont need it to be the best performer in my portfolio. It will be a large position for almost everyone watching this because its so big in the indices and etfs its got feast years and famine years but at the end of the year its not expensive are there any analysts that you regard i love analysts i dont believe in price targets. You say well it will trade at 247. Can you give me decimals how about 247. 50 i understand the need for trading revenue. Investors shouldnt be buying stocks and then expecting price targets to materialize in real life its just a way of understanding what somebody thinks fair value might be one thing to keep in mind too aside from the specific price target is apple is exposed heavily. Ate tech company but exposed to the consumer weve seen a lot of good stuff from the consumer in the past couple of weeks, whether its retail sales, Consumer Confidence is holding up and i think as we think about some of those risks around u. S. And china which i mentioned before, apple has grown their user base in china over the past six months even despite these headwinds. So thats a positive, you know, counter weight to those risks. They were struggling in china even before the tariff stuff they had to reduce prices its a very different market. Those competitors, they werent like oh, apple is here forget it. Competition is a third of cost of what an iphone is thats more future rich i do believe in price targets. I dont believe them from analysts i got to know what a company will be worth. My price targets on dependent on the fundamentals but as a fundamental investor price targets, they dont drive it apple lost in gains 220 billion in market gap within a span of 90 days. Has nothing to go the fundamentals of the company. Its a big part of all the indices. The market is going up this is going up anyway. Megan brings up the point of service but if were to believe perhaps there could be a kink in the hardware, the Service Revenue growth wont be as strong you got a billion users of their, the handhelds and so forth that are installed user base even if that doesnt grow as fast, think of those billion people that when we say services one of them recurring revenues with services is cloud and they are all using apples cloud. Almost exclusively the apple phone users. To upgrade on hardware and recurring revenue is that the Revenue Growth youre banking on for this stock yes thats the base Case Scenario for you. If the upgrade cycle is stronger thats an upside you can hit katies target quicker. Maybe she will move it down tomorrow its hard to understand where the next billion installed user base people will come from they are not all of a sudden materialize. The demo graphy of the world and the rate of which people make someone glacial. If youre in apple because you think they will have a 30 growth in user base youll be disappointed the the story here is anyone who can use an iphone uses an iphone and when their iphone is 18 months old they get another one as long as that continues and i dont see why it wouldnt its a big enough business you dont need them to find another 5 billion people 5g will drive the cycle until then it will weaken. Gold mapp is out with a note saying theres limited upside and fears about a slow down investors are piling into and paying up for trades they think will provide growth. Mike santoli is nysc with more. Thats why we sound a big run on meat among other stocks. Reporter that is certainly the hopes of growth, melissa what im looking at is that setting that goldman offers saying look we have spotty growth out there in the world and earnings and we have policy uncertainty. Therefore, a big premium placed in the promise of certainty, promise of predictability. It takes a few forms one, obviously we talk about the massive inflows into bonds obviously, youre talking about the certainty of getting your money back at very low yields. Thats one element of it that anchors the valuation of other stuff like the boring stocks stocks of steady business that dont do much in the short term. S p low volatility etf has been tracking the high momentum etf because it trotted into low volume stocks of consumer staples. So that kind of shows you that people are paying up very heavily for this promise of steadiness and i do think it feeds into large mega gap Growth Stocks of the type youre talking about now. Even within sectors its fascinating. Look within health care. Medical devices and Lab Equipment are screaming higher look at Health Care Providers and pharmaceuticals look cheap the question is can you overpay for the illusion of certainty or promise of certainty thats the question right now with the fed cutting rates fit touches off this cyclical playbook and we get reassurance growth wont fall apart. What does it mean to earnings . Thats how people are positioned heading in to earning season where hopefully we get clarity on the second half of this year and beyond mike, thanks. This reminds me of a note i saw last week from bank of america and Merrill Lynch people are afraid of career risks on missing out on these stocks and it perpetuates this crowded trade. Your telling me incentives might matter more than fundamentals in the short term you took away my magic by telling me that now imagine making a price target based on what you think others perceive career risk might drive them to buy and sell its nuts but here we are this perceived certainty for stocks that may not be certain thats a great point. Weve seen the valuations on somebody talkedabout certain sectors in areas of the stock market staples, utilities they are pricing in a recession right now. Yet, they are still they are still stocks and still have volatility if we get a pull back we think theres a price that gets too high for certain perceived safety i think theres some interesting areas of the market. Were neutral right now versus the Communication Services thats a sector where youll get some of those growth type catalyst but some of your traditional protection and that might be a good area to look into fang stocks for many that exist in that sector valuations are quite different. How do we navigate that . Valuation of alphabet is much different than facebook. It is because alphabet is not executed as well as facebook has. Its laged a little bit. Too much spending. Last quarter was not good. Over the longer term, they did nothing over the last year and a half its growing still very nicely for a company that size grow top line and bottom line over 20 . Thats pretty compelling so i think you can own it despite the political oversight. The way i look at the market overall i wouldnt say this is a panacea. When theres panacea in the market theres euphoria. You have to accommodate fed. Accommodate central bankers every where you work inflation is starting to tick up with the fed into easing and not tightening and no alternatives to go to in other countries, other developed markets, or in fixed income, why wouldnt you want to own that you bring us back to the Goldman Sachs note that say valuations are pretty much accounting for where Interest Rates are. You can see 24 multiple s p without a problem. You have a huge bubble in midcap and small cap stocks heres whats wrong with the market right now not wrong if youre a swing trader but wrong in terms of this will eventually correct you have a company, phr on the new york stock exchange. Comes out last week, nobody knows what this company is even before it comes out. They have a great business basically, instead of going to a Doctors Office and filling out a clipboard, you can check in for your appointment with your own phone. You can pay for the appointment. Walk in youre done. Great thing. This is exactly the kind of company you want the United States to produce more of. Consumers like it. It saves them time doctors like it. The information is more accurate so comes out they were raising money at 8 a share. Does an ipo expected range is 16 to 17. Comes out at 18. Nobody gets it at 18 exception for insiders and venture capitalists. Then it opens at 24. People dont care what the valuation is they know if they can get it at 24 someone else will come along so thirsty and so much capital to deploy they will take to it 30 and has nothing to do with at this price its totally unreasonable, right . Thats a microcosm i can give you 50 of those deals in the last 18 months and they are great companies, you want to invest in them but you cant because by the time they come out and they are publicly trade there are people in these stocks at much, much higher levels and theres almost no opportunity for anyone in the middle you either swing trading it at an absurd valuation or you got in on the deal because youre a venture investor its great to have mom and pop investors in the market, great they are inned in ipos again no opportunity at all for them because the middle has been chunked out by this kind of momentum and risk seeking behavior that youre talk about and its 100 driven by everyone knowing the fed has our back i want to move on to bonds fitch cut its outlook on its company. You actually, weiss, bought more boeing last week i did it was a great buy about their coming back november 3rd, essentially and quantifying what they are writing off right now which i would be careful of because you dont want to quantify at the right level because you have liability and lawsuits look, fitch is great its on negative so let me take you back to 2008. Tell you how these Credit Rating services are you have it in for wall street analysts, all strikes today. New got to call it as you see it they have a very narrow viewpoint. The fitch analysts or any of them if they were great they would make real dough on hedge funds or having their own shingles out its not great to see it its another opportunity still look out at it over a year or two years a much stronger stock. They are like try to go back to the debt market this year even though they have gone back to the debt market two times after the ethiopian crash. Doc, where do you stand on boeing how do you think about a stock where i think its held up extraordinarily well it has. The high was 446 their biggest competitor right now before the chinese are making jets on a competitive basis instead of just for their own home market. You got airbus having its own issues cracks in the wings of some of their planes and things like this you know, people get just as freaked out about that now as they do about the 737 max, and when the 737 max comes back in i think boeing wont have a lot of problems Southwest Airlines as it has been for boeing. Its still a duopoly. Thats why we like aerospace. A conse over the long term we see this as an area where you could see growth lets move on because it was a blockbuster weekend for disney the lion king raking in over 200 million over the weekend. Marvel unveiling its upcoming slate of movies. J. B. Did you hit the movies this weekend . I didnt see it my kids were away. I got to tell you with disney this stock actually has closed lower than its opened for the last six trading sieges. But the price move within that has been miniscule theres been a whole lot of great news which has not taken it higher. I do think disney is just biding its time before the next leg higher and that will be driven by coming into the fall, frozen and then the app being launched and the over the top service. I just think like this is one of those stocks that over the last couple of years has surprised everyone because when it makes its moves it tends to do so in a very compressed period after that consolidation i would not be giving up on the story even though it looks like its been stalled for a little while. This is consolidation. Perfectly reasonable i was hoping for the stock to hit on the netflix news. What expectations are for their over the top service it didnt. Look hopefully, at some point, they are a juggernaut and got their own content. Unlike netflix which only has one avenue to capitalize on content and its very expense jennifer, disney has multiple avenues. Essentially content is free for their video it makes money. Exactly so look i think its a great story. Unique global brand that everybody still loves. Speaking of netflix it has not recovered at all. Where do you stand each day with it struggling to remain those levels your getting less and less bullish . I liked what i saw today as far as they were, when the stock slammed down to 308 early in the session they jumped in, bought three ten calls, but they are short term calls so its not a longer Term Investment more of a bet that it makes a quick pop back to that support of last week between 317 and 324. Thats what i think is playing out right now. Heres whats coming up on the Halftime Report. Announcer its the call of the day on semis why goldman is getting bullish on three big chip stocks plus john seeing unusual options activity in facebook ahead of its earnings. Before the break our data partner at kensho say micron has gained 5 in the past week after similar one week gains the stock tends to school. Under performing the s p a month later. For more go cnbc. Com kensho. The Halftime Report is back in two minutes. Yeah, that too. I dont want any trade minimums. Yeah, i totally agree, they dont have any of those. I want to know what im paying upfront. Yes, absolutely. Do you just say yes to everything . Hm. Well i say no to kale. Mm. Yeah, they say if you blanch it its better, but that seems like a lot of work. No hidden fees. No platform fees. No trade minimums. And yes, its all at one low price. Td ameritrade. Tell him were flexible. Dont worry. My dutch is ok. Just ok . in dutch tell him we need this merger. in dutch its happening. just ok is not ok. Especially when it comes to your network. At t is americas best Wireless Network according to americas biggest test. Now with 5g evolution. The first step to 5g. More for your thing. Thats our thing. Hello, everyone im sue herera heres your cnbc news update President Trump and first lady melania paying respect to the Late Supreme CourtJustice John Paul stevens his body laying in repose in the courts great hall Justice Kagan eulogized him. He was a brilliant man. With extraordinary legal gifts and talents. Which he combined with a deep devotion to the rule of law and a deep commit pept to equal justice. Former florida sheriffs Deputy Scott Peterson has pleaded not guilty in regard to his response at Parkland High SchoolElevation Foods is voluntarily recalling select containers of Archer Farms Brand egg salad and devil egg sandwiches this due to a possible wisteria contamination. Freskit salads are also being recalled melissa, back to you thank you. Micron and Lamb Research higher today after Goldman Sachs added them to a buy rate ppg the analysts are taking a more positive view saying fundamentals will improve sooner rather than later. Ceos head to the white house for a meeting with larry kudlow. This is our call of the day. Get on board look where micron is versus where it was and sort of call it i go back when goldman was looking for 100 price target for micron see them continue to climb i own a semiindex sky works is longer term play. 5g i think that will drive these stocks 5g is the most important play in telecom in my view that youll see going out over the next few years. They have this great ability to bring so much capacity in the market in memory that you got to be careful cant fall in love with these stocks you have to recognize when the multiple gets very high do earnings keep going up or soil sorry multiple gets very, low thats when you want to start selling. Too early to sell now. It needs some analyst that has a fear of missing. Micron is a fun house stock beta of 2. 0. For every 10 move in the s p micron is giving you 20 move. I dont understand why its that volatile but i understand price is affected by supply scarcity. Its not for me i do agree with you, the semis look great huge move. Today calm looks like they want to consolidate that move. Semis are important. But i think we can all agree semis are increasingly a bigger and bigger part of just about every consumer and industrial good there is. And so it is nice to see that. Interesting from Atlantic Equities on intel and amd. If Atlantic Equities were asked if you rather between them they would clearly rather amd saying amd is reaching and Inflection Point and as competitive to intel. Yep i would agree with them. And with your assessment of that i would take amd over intel. I like them both, though just shows you that people ernt nearly as optimistic enough as micron started that move that you and i talked about last week we had the unusual activity. Those were the august 49 calls, folks. More than doublinged since we cited it on friday coldman moved their target up 40 . When you take it from 40 a share to 56 and they are not the only ones. Someone else threw a 60 target out there last week. Folks selling this thing in the 30s, low 30s god help them when you talk about career risk because thats one of the career risks. It makes sense to be watching this and moving inkplentally, getting more constructive. For now were being patient. We do see these mini cycles for the semiconductor cycles to be honest were still kind of watching to see if we are coming to the end of the bigger cycle so i think itmakes sense to be watching it. But for us were looking at other areas of technology and maybe more of your software or those companies that have the cloud than your semis. Gold stocks rallying more than 30 in three months your trades are up next. First a check on the s p 500 sectors and you see consumer chaples in the rear with tenology leading the way Halftime Report is back right after this but this year, theres a more thrilling path to follow. father kids. Change of plans vo defy the laws of human nature. At the summer of audi sales event get exceptional offers now you mighyour joints. Ng for your heart. Or your digestion. So why wouldnt you take something for the most important part of you. Your brain. With an ingredient originally discovered in jellyfish, prevagen has been shown in Clinical Trials to improve shortterm memory. Prevagen. Healthier brain. Better life. Or trips to mars. 4. 95. Delivery drones or the latest phones. 4. 95. No matter what you trade, at fidelity its just 4. 95 per online u. S. Equity trade. Who used expedia to book the Vacation Rental that led to the ride which took them to the place where they discovered that sometimes a little down time can lift you right up. Flights, hotels, cars, activities, Vacation Rentals. Expedia. Everything you need to go. Welcome back to the Halftime Report. Im bob pisani time for etf edge. Goldman gold mining had record years. His own firm bridgewater the Largest Hedge Fund in the world underperforms the market to nearly 5 loss for the first half of the year here to discuss. Goldman flat for five years. Now in the last six weeks gone through the roof three reasons one is you got recession risks that have gone up. Two rates that have been trending lower third reason is if you look at ten year real yields gone from 1. 2 to 25 basis points so overall i think it doesnt cost you a lot to own gold as rates go lower it helps diversification helps portfolios since march 2009 s p is up 400 . Gold superlike 50 gdx is down 10 . I think the risk board is attractive gold has been crummy for five years. Now suddenly taken off tremendously is there some reason to think they got their act together we had this sustained market in gold miner stocks. They closed underperforming assets and do industconsolidati. Either gld is a good way to play you had an interesting take on owning gold directly. But you like it different a competing fund, bar. Why do you like them it comes down to cost these funds tickle bar and stick ethical in a bulk. Gdb turned 40 basis points bar cheapest for the exact same exposure if you got to day tried this put 100,000 shares fast. Gdb is your institutional favorite youre a normal investor you might be making a 5 allocation on a Million Dollar portfolio. Very simply, though, basically you got the fund there. The funds are the same gold vaults but the gold is there. No structural difference could be the same vaults. Structure is the same structure is identical. Thanks very much, gentlemen thank you. For more etf edge dont go anywhere our live online show starts at 1 00 p. M. Eastern time well give the best way to play earnings and etfs you want to own in the second half of the year rich powers out of vanguard will be with us melissa, back to you straight ahead josh brown is making moves in his portfolio. Well tell you his new buy its up 40 this year but the desk answering your questions. You can reach us at cnbc. Com halftime or tweet us Halftime Report is back in one minute it all started under this buttonwood tree. Twentyfour people came together to sign an agreement that created the stock exchange. Just the right elements coming together. It started when scores more people came together, just down the street and traded bonds that helped pay for the revolution, and the nation it created. It started in an office on the corner where the right people witnessed the telegraph and brought information and humanity together forever. It started with the markets, bringing together steel and buildings and silicon and medicine and rockets. We believe the possibilities of life and investing are greater when we come together. Its why for eighty years weve connected ideas with technology, data with inspiration, investors with solutions. So that every day together, it all starts again. O welcome back to the Halftime Report. The traders here asking your questions. Don is asking is baidu a buy. I dont think its a buy. Again they showed an inability to execute so you got the content cost because of your netflix competitor sort of in china going higher than what the growth is. I would just buy baba. To me alibaba shows great growth now this is a question for doc. Harry in North Carolina asks how do you feel about Enterprise Products partners. You own it so you must feel pretty good. Yep i do one of the rare ones where youve got a graph going from, of the analysts price target, josh, going from the lower left to the upper right most of them have kind of a shotgun, when you look at where all the various targets are. This is almost universal that these guys believe it will be above 36 a share over the next six months i like it midstream all kinds of oil and gas products and a bunch of different pipelines. So, yes, i like this one still they all use the same thing to throw the dart. Love it. Who wants to see josh browns move everybody does you got a new position here to your portfolio listen, i want to talk about temp ladoc, tdoc its a smaller stock, 5 billion. I dont want everyone to go and buy it this second and clearly this is an area, i think health care which has underperformed for a while but started to come back this is Health Care Tech this is the leader in visiting a doctor, either via video chat or over the phone theyve been doing it for a long time company came public a few years ago. Revenues are explosive, the growth here. They are not earning a lot of money yet because they are not trying to but they are adding members as a ridiculously fast clip its a 45 flat fee to visit a doctor there are 1. 5 billion doctors visit a year the Insurance Companies love this because its much, much cheaper for them to provide care this way you see them with aetna, Medicare Advantage the rumor is something will happen with United Health very shortly. Thats the catalyst. I like the stock technically which forced me to go and look at the fundamentals and i love the fundamental story even better on a trading bay circumstance what i would do here is i would use between 60 and 62 as your stop not that i like it beneath that. 70 is the high from february so fit continues this is a break out, watch the volume, et cetera but i think its got legs. Taking, you know, seven or eight points of risk for a really great story is worthwhile. Would you say there are rumors that unh would do a deal what exactly do you mean the more Insurance Companies, big Insurance Companies can sign to use this as part of what they are off terrifying employees the better so it was talked about this unh deal this has been going on for a while. They got 12,000 Insurance Companies already signed on. 26 million members a lot of people are already using it the potential here very large. Most of us will be talking to doctors via video chat within our life times we got more trades ahead in the blitz. And stitch fix and whats coming up on the exchange well see you very soon a fed rate cut is pointless thats what one economist and professor is saying. She joins us to make her case. Elizabeth warren has a new plan to overhaul the Financial System and for once wall street isnt panicking. Well tell you why and what shes proposing. And theres a new apple in town and has nothing to do with tech. Well explain that in a rapid fire. Ill see you then. Halftime report is back after this your daily dashboard from fidelity. A visual snapshot of your investments. Key portfolio events. All in one place. Because when its decision time. You need decision tech. Only from fidelity. You need decision tech. Oh, wow. You two are going to have such a great trip. Thanks to you, we will. This is why voya helps reach todays goals. All while helping you to and through retirement. Can you help with these . Were more of the plan, invest and protect kind of help. Voya. Helping you to and through retirement. Trader blitz time, four stocks and four trades making news today, stitch fix initiated buy at stifle, josh. Yes, ive been following this stock for a long time. Ive traded it no position but its interesting they are winning over more of the street who believe they can become the netflix for apparel theres a long road ahead of them. Halliburton the best performing stock in the s p 500. The quarter was a relief. It wasnt a great quarter, but you also have the iranian issues which is helping lift all ships. Small caps in correction territory. Russe russell 2000 is posting small gains. This is an interesting area to be looking at when you look at the valuations of small cap versus large small cap is looking cheap relative to large cap. Small cap tends tor more domestically focused, which is good the u. S. Economy has been holding up better but less diverse and less flexible supply chains so trade tensions weigh on that and we need to see that improve before we get more excited about small cap. And tesla downgraded to a neutral from buy. Real happy about it, basically they started buying this one when it was on its backside around 175 beginning of june it was 225 beginning of july, now it hits 260. Just recently theyre a buy on those august 250s. That was unusual activity back then this roth thing doesnt scare me certainly that run is pretty extreme, and i think its a good idea to take profits. Speaking of calls, options bulls making a big bet on one faang stock. Johns got that trade next, the Halftime Report is back right after this with all that usaa offers why go with anybody else . We know their rates are good, we know that theyre always going to take care of us. It was an instant savings and i should have changed a long time ago. Were the tenneys and were usaa members for life. Call usaa to start saving on insurance today. Or trips to mars. 4. 95. Delivery drones or the latest phones. 4. 95. No matter what you trade, at fidelity its just 4. 95 per online u. S. Equity trade. President ial hopeful Elizabeth Warren says the warning lights are flashing for the next Economic Disaster go to cnbc. Com to read Tucker Higgins article on why warren thinks another financial crisis is on its way. Welcome back to the Halftime Report, options traders making a big bet that facebook rallys doubledigit after earnings, johns got that trade and more after unusual activity. This is unusual even for a big widely held stock like facebook they had 26,000 of these out of the money calls trading this morning, and theyre pretty far out of the money meld, 227. 50, july 26th expiration, so this friday traded over 20,000 of them very quickly this morning now its up over 50,000 of these. Thats 5 million share equivalent on this theyve already doubled, so before the show started i took off half of this bet already because they started at 0. 19 this morning, now its up to like 0. 44 i believe right now, 0. 42 or 0. 44 super heating in this one. Earnings the 24th, and these are expiring on friday second one, pulti. Love this one because i think theres a read through here. Theyre buying upside calls, obviously theyve got earnings as well, but the earnings are this week, so why are they buying next week expiring calls, mel . I believe it is because the fed is going to cut rates next week which will be good for a lot of these home buyers once thats a certainty. Shoutouts to bill pulte, the giving away hundreds of thousands of dollars online for veterans right now. Just for retweets. Its pretty awesome this guy is on fire, if youre not following him, definitely follow pulte. Final trade straight ahead on the Halftime Report. Im off to college. Im worried about my parents retirement. Dont worry. Voya helps them to and through retirement. Dealing with todays expenses. While helping plan, invest and protect for the future. So theyll be okay . I think theyll be fine. Voya. Helping you to and through retirement. [student] my degree from snhu has helped me tremendously. lively music the flexible class schedules allow me to run my catering business and be a mom and parent. Breakthrough at snhu. Edu. Theres one thing you can be sure of. Theyre changing by the nanosecond. Thats why cognizant created a unique engineering approach to design and build new digital products. Learn how cognizant softvision designs experiences and engineers outcomes. Cool. Tomorrow the Halftime Report, do not miss our exclusive interview with army general David Petraeus thats tomorrow on the Halftime Report final trade time, john bank robber. Alphabet, a little concerned about earnings actually this time around. Didnt like what they had to say last week, so ill be watching this one closely. Smh, im sticking with the momentum in the semiconductors. Meghan shue. Communication services, we expect 1. 5 to 2 gdp growth and we think that the growth aspects plus some defensive characteristics. Dr. J. Kkr, stocks about 2550, theyre buying the 2650 calls, so i like this one mel as a way to play into a very hot. Price targets jb. The price target is infinity. So there. That does it for us here on the Halftime Report, kelly evans is back for the exchange. And that begins right now. Melissa, thanks. Hi, everybody, and here is whats ahead of us today a rate cut is pointless. Thats the case one economist is making ahead of the feds meeting next week. Is she right we will debate that. And is a massive economic crash coming you heard this warning before, but who its coming from may surprise you now its coming from the campaign trail we will have the very latest. And the usda is trying to leave washington only to face a massive fight over taxpayer dollars, unions, and jobs. We will have a front row seat to this relocation drama. We do begin with todays markets. Bob pisani is down at th