Josh brown , some of the individual runs look amazing amazon 7, facebook 7 how long can this continue the other streak thats happening through the Looking Glass is continuing on pace as well small cap stocks look Terrible Bank stocks are the worst place you could be right now now you have the cruise lines and travel related stocks. Those are rolling back over again. I guess retail and energy are hanging in a bit better but the have notes are continuing to have not and so those trends can go on for a lot longer than most people can stomach watching them especially if they are on the wrong side of that its a very difficult market whats important to point out, its not just that nasdaq stocks are doing well the gains are particularly concentrated among the largest nasdaq stocks. We know that all you have to do is look at a ratio chart between the triple qetf and the qqqew which is the equal weight nasdaq etf. Yes, such a creature exists in the wild qqew is negative 2 on the year while the triple qs are up about 7 on the year even within the best place to be in the market, Growth Stocks on the nasdaq, theres still this large versus small disparity playing out. Im not sure when that reverses but thats predominant trend of the coronavirus era. Youre really going where i want go here they are good point. At what points are the stocks that josh is talking about, are they fully valued or over valued if do you look at the valuations where they are trading, apple is now at 26 times forward. Amazon is 122. Alphabet 33. Facebook, 29 microsoft, 33 and netflix, 67. At what point does this start to look kind of ridiculous . It could go on for a really long time. The things these companies have in common is very strong Balance Sheets, excellent Free Cash Flow not only are they seeing Revenue Growth but seeing operating margins expand youre getting operating leverage and their businesses are pretty much immune to the virus. I looked at the cloud segment. Azure, aws have revenue run rate of 73 billion microsoft went from 15 market share to 50 over the last five years. The growth is there. Coupling that with some of the cyclical names that are still down a lot i think they have a lot of upside as we reopen the economy. John, fully valued, over valued im not going to ask you if these stocks are cheap because people would think im a moron for asking that. Fully valued, over valued. Teetering, about to or they can continue to go up. Its where everybody wants to be why would that stop . Exactly, scott. The latter you hit on it right there. Its where everybody wants to be in fact, its where people are hiding out right now i think they broadened it out a little by little and one of the areas they have broaden it out and i certainly have is in Cloud Software you know, whether its crowd strike, whether its data dog. Theres a crm, twilio. Theres so much in this area that has broaden it out. You pull up a chart on any of those. Im looki inin ining at thosw all time high for twilio and data dog its not just apple and the fang with microsoft thrown in. Theyre in your home because were connected to them right now. Anywhere you can get on the sfw internet, you can be in these plays. As much as it works for netflix as well as hulu and roku and a whole host of others, it works for these stocks the same way and their enhancing the way we do business just like zoom has software only 4 away from its high ubs on apple talking about improving trends as well and purchasining intent we said ta are going for 7 in a row today. What the you do with these stocks now, joe . Lets be can did. Its very easy for an analyst to write those notes now when youre looking at the Collaborative Community of business franchises that are presented in Public Market very few present like an alphabet i think risk is the singular most important metric that you have to understand and understand what youre risk asu assumption is going to be. Given where the market is now, a lot of the underperformance surrounding small caps is in prior weeks they have given the appearance of a recovery but they failed you. They have failed you if youve purchased them i think the important thing right now is to identify Equity Opportunities and stocks like an apple where you know if the market retreats. Lets call it 2, 3, 4, 5 . You know theres durability in those businesses as stephanie is pointing out you know the Balance Sheets are strong and thats where youll see the quick recovery thats why growth is so important in this environment. I agree with what john and josh are saying about the focus on technology ill expand upon that. It is Communication Services it is gaming and it is health care it is bio tech thats whats going to allow you to endure any potential sell off in the market only those types of stocks. Cyclicals and financials, thats failed you josh, lever ave it to our guo find something as he does. Asking is this the last dance. I would say, the nasdaq is hyper competitive and people involved with it are starting to develop a gambling problem lets talk about streaks like that that we have seen previously because one of the things pointed out is we have seen this relative outperformance of the nasdaq before its really a choose your own adventure type of situation. In one instance it took place in february 2000 right before the market topped for the nasdaq which was basically a ten year hold your thought for a minute krinsky just emailed me and said apple is on its 7th straight day of one percent plus the only time that happened was in the year 2000 thats one instance the second instance he points out is the fall of 03, which was probably just a few months into a new bull market its really tough to take those two extreme moments and this one is a third one and say that what were doing is designs or physics. Were not. Were saying which one of those episodes confirms our priors bearish or bullish you try to just contextualize the idea these stocks could be very extended, due for a big pull back but still be the right place to be on a secular basis going forward. That really becomes a question of time frames if youre buying on the 7th or the 8th day of a 1 up move in a stock like amazon or apple or microsoft, the question is like why are you buying are you buying basket you think theres five more days like that or is that more about i want to be invested in this company. I understand it might not be the best price ever but i feel that five years from now, ten years from now ill be rewarded from having the courage to pay up for these names. In defense of that, investor who is have been able to do that over the past decade as these stocks have made new highs have been rewarded. Joe, you take a look at where you are and say why are stocks still going up given everything thats been going on weve asked yourselves that question every day multiple times a week at least. You say the fed backstop feds in the game. Theyre buying the corporate etfs, the Corporate Bond etfs today. You hear there is no alternative. Tee th tina is back where else you going to put your money . Europe is going through a horrible Economic Disaster worse than what well be dealing with. Money is coming in here. Then, i dont know if enough people are talking about the fact that you may have a whole crop of quote, unquote new buyers where you look at that data from schwab the other day of this flood of new account volume from new people who are playing in the stock market. Younger people, they say maybe you have a whole crop of new money and new buyers that didnt even exist that are putting money to work and where are they going to put it to work in names we mentioned at the top. Yes i would agree with that. Part of that scares me a little bit. Ill tell you why. A lot of those accounts were open when they saw the vix was trading 50 or 60 and thought they could be trading opportunities. The volatility has contracted tremendously youre now look at a vix at around 28. Hopefully they are longer term investors, scott thats exactly whats going on think about the environment that youre inis lessened what are you going to own that if there is a correction, you know that theres a chance for you to recover in the ownership of that equity name. Thats the important question. I mentioned risk before. Let me finish. I mentioned risk before. Josh is talking about before if the market goes down if the market goes down, i want to know theres a chance that my stock did not just make an all time high or a one year high you can find very few of those types of names in the equity market if you could find them, you better own them. You have this feeling like okay if the economic indication, the virus situation gets better, you win as a stock investor because that supports the market, at least where it is if not allowing it to go up even more you win too because the fed has, i dont want to say fixed it but if the situation deteriorates meaning even more from an economic or virus standpoint the fed is going to come in stronger im not really doing a lot of buying right now but i remain constructive i do think the april, may data, Economic Data will be the peak or the trough. T going to be horrible it already is horrible as you reopen, youll start to get better Economic Data were already seeing a pick up in Airline TrafficMortgage Applications are improving. Im also im watching all those things and i think thats the reason why the market continues to go up because people are getting a little bit more confident and we can start to make try nodmodel earnings maybe not 2021 but 2022. Im also looking at china. Their data points are improving. They had their social financing was up 30 month over month. Their m2 was up 11 . They just cut rates again. Theyre a couple of months ahead of us in terms of recovery i think thats the play book for us their cases are starting to go back up to thats something to keep an eye on too lets bring another voice in the conversation who thinks the market is not done yet Dubravko Lakos welcome back thank you youve listened to a good part of the conversation just now. I did where do you weigh in on where we are i broadly agree with the discussion that you just had we have gotten through the 1q earning season and the most important stocks and companies have come in line or above already High Expectations which clearly is important obviously the cyclical side, the cyclical stocks have seen a pretty substantial contraction due to the underlying weakness in the economy i think fundamentals is a relative to expectations are holding up i think the more important variable that has helped the market over the course of the last month, month and a half, i think is the unprecedented liquidity injection. Your income type stocks as well as your Long Duration stocks which you can think about as your speck lecular growth themes it seems like Everybody Knows where we are why we are. Its a matter of how much can we keep up the pace you started out of the gates running so fast. This is a marathon to beat the virus. Its not a sprints if you start too fast, youll get tired too quick. Thats what were wondering whether these stocks got out of the gate, got this v bounce too strong and are going to need to take a break the market repricing is not happening uniformly. I believe it was josh and some of the others that were talking about that most of the rerating is coming from the big caps. I think, again, these stocks are benefitting from generally pretty darn good fundamentals. In many cases they are ben fitsing and capturing new market share. The second variable i mentioned they are the key disproportionate beneficiaries of Balance Sheet expansion their credit spreads are compressing and thats driving the rerating of these stocks i think these stocks, medium term are in good shape there could be some rotation back into the value and the more distressed areas but immediate yum term i think theyre in a good spot. You think with can add 500 s p points by the first half of next year. I do. You have to have a lot go right. Yes i think what you need to, obvious lip yly you need to stat seeing a reopening of economies. I think were getting closer and closer to that point we need to continue valuate whats happening on the stimulus side as far as monitor infections go. The fed Balance Sheet i creancrd about 2 trillion. Those are the areas were watching and thats driving broad based repricesiing of the equity asset class what about other potential shocks what happens if you have an airline, Major Airline go out of business as boeing ceo was talking about today. What happens if you have states and municipalities get into real trouble economically and you have a protracted battle politically on who gets bail outs and who doesnt and who should file for bankruptcy and who doesnt and what the ramifications of all of that mess are i think that will drive volatility and could create periods of pull back if you have one of these meg cap tech giants, i think that is significant. You never know those are the things were paying close attention to. I think, again, theres obviously the risk of potentially new cases popping up again but i think the most important variable is will the stimulus, will Central Banks continue to basically remain supportive i would argue theres a fed put in place thats pretty strong. They will continue to underwrite markets. Are you thinking that value will get you to 3400 because the places you want us the buy today are energy, materials and industrials. These cyclical stocks that are down for a reason. In the short term i think you have a very attractive set up for a rotation in the market areas that could lead in the short term are areas that are most sensitive to the underlying economy and economy reopening and reaccelerating those are your cyclical stocks i appreciate you being with us thank you so much. Good to get get your point of view thank you lets kick it around. 3400 first half of 2021. Match up with you . Do you think theres going to be a big earnings rebound too thats what this is based on i dont think it will be big earnings rebound next year i think it will be towards the second half of next year or into 2022 im trying normalize earnings. I totally agree with him on the barbell. We have been talking about that. You definitely want to have some of these Growth Stocks that have held up remarkably well. They did go down in march and april for sure they came back much more quickly. I also want to own the companies that do have exposures on the economic rebound because i think well see that i think well see the rebound come before we see the earnings rebound. Thats why its important to have some cyclical exposure because those stocks will do quite well josh, make sense . I can envision a scenario where that happens i actually, strangely hopes it doesnt happen i think theres a Political Risk to having a situation where a double dij it percentage files for bankruptcy i think that would be an uglier scenario than a slow but steady recovery even if that means stocks get leld baheld back and next coronavirus stimulus gets more toward main street and nonpublic businesses. Lets talk about this earnings comeback fact set right now has consensus at Something Like 40 drop and earnings for q2 which would be one of the most disasterous single quarters but then q3 is down 23 and q4 is still down 11. 5 . Thats a 19 drop, full year 2020 for s p 500 earnings. The good news is whether its back end or front end loaded they have 2021 at plus 26 if you believe those numbers then every stock in the market is collectively a buy right now. I dont know if i do i understand that the companies that are going to have the least trouble with an earnings recovery are the biggest economies in the indices i get that i just think we might be over stating the degree to which technology and Consumer Discretionary stocks are immune. I do think things like the ad budgets of facebook and google are not as rock solid as maybe we hoped i do think a lot of this front end loaded shopping for consumer items might lead to a down quarter following once we decided all of our homes are stocked up on these items for a long time. We have to think about the bear cases as well. We cant just have this idea that the big five out of Silicon Valley will save the whole market i just have trouble seeing that being the outcome come december. At some point you have enough toilet paper and cheerios. I dont think your amazon order will be as big as it is next month i would to go with everybody and talk about what youre doing. The things youre biuying and selling. Joe you made some interesting moves i want you to tell our viewers about. are ive gotten out of progressive insurance. I found one and that being blackstone i think private equity as volatility is diminishing and the opportunities becoming limited, i think volatility is limited. I think black stone might be slightly better positioned a name i do want to talk about because ive owned it for a while, its been great performer for me and understand its not indicaticative of a change of biotech but i exited Seattle Genetics i want to thank Stephen Weiss who helped me with the bio tech names. I add add monster beverage but its got the growth optics that i like i just have too Much Technology and adobe was a place i was willing to give up some of that. Lastly, i sold out of my gld i dont think this is an environment where i need the gld moving forward for me, from a trading capacity, i didnt think i needed the gold i love when you guys organically get a debate going and joe you just did one unknowingly with josh. Josh just bought the xbi and ibb. Good, welcome aboard. In equal amounts. Where joe was like these are hitting all time highs, maybe its time to take a seat josh, you tell us why you bought joe and i have different time frames lets put up ibb this is the market cap weighted s p 500 bio tech index these are the biggest bio tech companies. Its a top heavy i dex mendex mg the top ten names are almost the whole thing. Just broke out last week or the week before. I look at weekly and monthly charts yes, they have gone up a lot this year. What have they done over the last two years, three years, five years, ten years . Not a lot. Now ask yourself this question if were going be in a low growth environment, say we have a recovery but were not talking about 4 gdp fantasies anymore were now in a slow growth recovery globally and in the u. S. What do investors pay up for they pay up for secular growth i would argue we have already seen the appreciation of that trend in tech, in cloud, in semis, not yet in the health care side. Held care is a sixth of the economy. We know its an area of huge spending coming out of a Global Pandemic these are the names that i think can work no matter how fast the recovery is, v shaped, l shaped, z shaped it didnt matter combine that with the demographics of an aging boomer world wide and i think you have winners here i like ibb in equal amounts i bought xbi. Gives a little bit more weight to small and mid caps. I own both im thinking in five year terms, three years terms not whats going to work next week. Out too soon, joe or no health care and billio tech my Biggest Holding i sold jat Seattle Genetics ive owned abbott labs for better part of the last two years. I think looking forward it will have the growth characteristics and provide you a growth opportunity. I dont have any plans of getting out of it. Its Seattle Genetics which had gone from 90 to 165 in literally eight weeks. I have no problem ringing the register on that john, how about health care the vest meets the suit the vest and the suit finally. Were waiting forever to bring them together. I like gilead i think both of those can work i think it will be expanded dramatically over the next several years. In the shorter term thats what i do nvax, gilead moderna. Anything dealing with the vaccine, im pretty haech being in that space. The other thing you did today and i dont know if its based on this headline of uber approaching grub hub but you bought grub calls today, right oh yeah we saw the activity brieing in there about 40 minutes before hand options that were trading for a nickel for five cents went to 11 1. 60 after the halt was released and the stock made that monster pop. Someone that wants to get arrested maybe maybe. When you get 30 revenue for delivering meals you can see why these guys want a piece of that. 30 is pretty dra plattic. You can see why uber looked at that and said my god, we got to diversify. This is where our drivers are making the money were going to make that money right now. Josh, youre still in uber in. Im in uber the eats business has a lot of momentum im glad theyre there im glad the street is giving them credit for it if its a three way oligopolyf its grub hub, door dash and uber, you probably want to be invested in the two that get together if youre going to be invested at all rather than the third odd man out. Im long uber is doing well were going to take a quick break and come back. Boeing is out with order numbers. Well talk about his comments. Well get the trades from our experts and thats just ahea rba itwo minutes. Machin [horns honking] birthdays arent cancelled. Hope isnt quarantined. First words arent delayed. Caring isnt postponed. Courage isnt on hold. And love hasnt stopped. U. S. Bank thanks you for keeping all of our spirits strong. Weve donated millions to those in need and are always here for our customers and employees. Welcome back boeing reporting april orders and deliveries the ceo talking about future of the Airline Industry lets get to phil who has those numbers. Phil, it was the comment about the industry more so than the comment about boeing that has everybody talking today. A lot of people have said you shouldnt say a Major Carrier will go bankrupt but thats what David Calhoun said april was another month with bad numbers when you look at them. Negative 2009. Fourth straight month with negative numbers the 737 max was most of those. Its negative number is 521 for the year others the take tlifr ri delive maxes. Here is David Calhoun talk about it earlier on the today show do you think there has to be major u. S. Air carrier that has to go out of business . Yes in september traffic levels will not be back to 100 . They wont be back to 25 maybe by the end of the year we approach 50. There will be adjustments that have to be made on the part of the Airlines Boeing pr has tried to walk back those comments a bit saying mr. Calhoun was talk about the general state of the industry and uncertainty out there. Nonetheless, a lot of people are talking about fact he did say we could see an airline go under come this fall one other note regarding the airplane order notes, the commercial airplane backlog stands at 4,834 planes why is that significant . Thats the lowest commercial airplane backlog since 2013. First time they have gone below 5,000 since 2013 i was going to you how long before calhoun or somebody tries to walk it back. You can only imagine they did. It was almost immediately. The kind of reaction that kind of comment would get in the sea sweets of the Major Airlines ive heard from people in some of the u. S. Airlines and the immediate what they are saying is what is he thinking be why is he saying one of the airlines will go bankrupt by the end of the year. Im not surprised that boeing pr said he was talking about the general industry he wasnt talking a specific airline. Okay. Whatever phil, thanks appreciate it as always. Steph, you own boeing. What do you make of all of it . Well, i dont really play in the airline space. I think they are trading stocks at best. Their balance stheheets are horrible i am in boeing because i think theres value here the rumor was it was om going to be about 10 to 15 billion. They got a lot more. That just reflects, in my mind, that the confidence that people have in the long term viability of this company and its durkopl and positioning. If you get the max back up in the air, i think the stock will work the extreme finances are off the table in terms of being really worrisome. Josh, they went to the debt market they got their 25 billion. Lets throw some of the Major Airlines under the bus we have our liquidity that we need good luck, everybody else. Its a weird comment for someone to have made about their own customers. Well leave it at that scott, i think it was also posed by one of the hosts. It wasnt that he went there to tli deliver that message it was an off the cuff response. Was it the right one i wouldnt speak about a customer the way he did. He didnt go there to deliver that message. So what he was asked a question. Do you think wouchb tone of thee will g out of business he said yeah he could have said i dont think were going to g there who cares. He could have i think thats the first to fall of the three majors now. I think their pretty strong here and i would look for more for the save or spirit some of those others look a little shakier than those. Now youre throwing out names. Were not mentioning he didnt mention noames weve seen puts in a lot of those, scott not as many in the Major Carriers as in those discounters. Lets be real here they didnt get bail outs. Not to the magnitude that the ones on your screen did. True. They should have gotten bail outs im not saying that they shouldnt were not having whether they should or shouldnt have im saying this all started with calhoun didnt show up there to say that he said it its a big boy hes a ceo he said it i agree thats all dr. Anthony fauci testifying before the senate on coronavirus. Elon has more on the highlights. Speaking of people who said things certainly dr. Fauci had a lot to say the hearing is still going on. Fauci did mention the curve appears to be moving in the right direction. He said that is not the same thing as having this virus totally under control. He warned that if theres a resurgence in the fall without an adequate Public Health response there will be more infections and more deaths he also warned states against jumping the gun as they try to reopen the economy if that occurs theres a real risk you will trigger an outbreak you may not be able to control which will set you back not only leaning to some suffering and death that could be avoided but could set you back on the road to trying to get economic recovery. It would almost turn the clock back he said say he believes the number of coronavirus deaths has been underestimated. He did not say by what amount. He also believed it was quote a bridge too far to expect a vaccine to be in place by the fall once schools resume tlp was a lot of discussion about the impact could have on children fauci said he remains humble in trying to understand how this manifests in kids. He said hes a scientist offering Public Health advice, not economic advice. The stories about children being impacted in this postvirus conditions that kids are facing a lot in the new york area thats sort of changed the calculus in how some are thinking about the reopening process and the other part of it and maybe fauci is speaking to this too and everybodys going to have to face this is every reopen is not created equal. There are other there are some areas of the country that maybe are in a better place to reopen its really hard to have blanket policies when youre talk about these tough decisions of where to reopen and when i know. The children thing on the end of your report there, its scary. Thats right. Faucis answer is america is a big country. There are places you can see the curve starting to bend and theres places you are starting to see spikes. The other thing he cautioned was that there are multiple, i guess sort of layers and criteria that need to be met before any place is recommended to reopen one of them is Contact Tracing you heard from republican senator who said her state only has 100 contact tracers. You heard the led of the cdc respond and say she likely needs to increase that by five or six fold before she can feel truly confident in having things go back to normal theres a lot of pieces that still need to be put in place. The frustration among some stalstalte s the white house is recommending the guidelines but not giving states the resources in order to meet them. Well see how some of these comments go over in the white house as well. Thanks so much we are ready to answer your questions next you still have timeto reach us you can go to cn. Cbcom halftime and tweet us as well were back after this. Sometimes the challenges of todays world make it tough to take care of yourself, thats why you can rely on natures bounty. To give you the support you need. To stay motivated keep active and sleep well. Add a little more health to your day. With natures bounty. Add a little more health to your day. Across america, Business Owners are figuring things out. Finding new ways to serve customers. Connect employees. And work with partners. Comcast business is right there with you. With a network that helps give you speed, reliability and security. And enough bandwidth to handle all your connected devices. Voice Solutions Like remote Call Forwarding and readable voicemail. And safe, convenient installation. When every connection counts, you can count on us. Get the connectivity your business needs. Call today. Comcast business. Welcome back lets answer some of your questions. Joe, to you from joel in florida. Your insights on copart. Im back into it recently i think they will see a revival this Revenue Growth once we have the economy returning to a normalized state understand, a lot of that Revenue Growth will come from the return of active automobile driving on the roads and unfortunately the accidents that will occur, the Insurance Companies writing off those accidents is a total loss. Thats where the salvage opportunity comes into play. I like it here for 85 stephanie, bill in new york wants to know about cortiva, buy, sell, hold . I think around here is where my coast basis is. I like this for a long term. This is a cyclical ultimate stock. Theyre in seed and Crop Protection if you believe the economy will recover eventually then they will do a good job because they are the leader and have a very Good Management team that said, of yoyouve got be vy patient because you have to see that recovery. I do like it for the long term lie yryan in pennsylvania foe buy the dip strategy how much should the stock dip in order for you to buy so this is a tough one. If youre a trader, i think what youre trying to do is manage risk and my preference would always be to manage risk systematically i think having a Comfort Level with a trailing moving average and making a decision of how much downside youre willing to take in each trade by the dip it works in the opposite way i accept the fact that im going to buy a name and it might not be the best price and if theres a lower price later, im a buyer. I think on that strategy, its really not about how much points it falls or what percentage. Its about what the news was that dropped the stock and whether or not you still like it in the wake of that news i would really say its case by case company, company by company. I would hesitate to give you a rule of thumb because rule of thumbs are the First Casualty of that style of i venvesting john from grayson id like to hear an opinion on drop box just love it, scott 600 million users of of dropbox. This stock is one of them thats truly outperformed i think beginning of the year, scott, around 18 bucks. Now 23 so its within one of those that experience the big draw down dip and going lower left to upper right and right at the top of the show we were talking about has the wind at the back it doesnt need the face to face communication and it is a collaboration platform thats working. I have a bonus one somewhere in here. Steph, before a round two, a bonus one. Ryan mcgee tweeted a good one i think. Ask stephanie if she is still buying cocacola under 50 bucks. Im adding, long it. Thanks all day long. All day long i still like the story very, very much. They had a stumble in the last quarter. Ceo is top notch and great products to introduce over the last several years and a nice yield while you wait. Thank you for that. Joe, from margaret in wisconsin, d ocusignwill it continue to grow postcrisis i think so. I think docusign is one of those names postcovid that will have not only those characteristics but certainly be attractive from an m a capacity to a larger company. Back to stephanie from albert in iowa, black well group. They converted to the ccorp. And had the funds flowing into the stock so this year obviously theyre going to get hit by fees and distributions and reduced realizations but the setup of 2021 and beyond is quite good and the stock is very cheap so i stick with it. What do you think of wells fargo, as well well, wells fargo is kind of any of the banks right now, it is just hard with where the yield curve is, 10year is its a turnaround story. I have a couple of years on this one. You have a new ceo, very loaded cost structure that i think they can reduce over time and the new ceo is recruiting good, talented people from jpmorgan so i think that ill stay patient i have the 8 yield while i wait and i think that this one for the long term is a buy. Josh, doug in South Carolina wants to know about cogent. Small Cap International services provider. I dont know the name very well fundamentally. It found support right around here at the rising 100day moving average so watch that price. See if the buyers come in like eyavbere. Good stuff well come back for final trades and jons unusual activity strait ahead the United StatesPostal Service is here to deliver your mail and packages and the peace of mind of knowing that essentials like prescriptions are on their way. Every day, all across america, we deliver for you. And we always will. Bracking News Coverage continues tonight with a special report ill seal you for markets in turmoil. 7 00 p. M. Eastern. Please join me now jon najarian joins me now tracking unusual activity as always what do you have for us today . Saber, scott. This one we have seen some furloughing, of course, of about a third of their employees nobody likes to see that but down here at the 6 level we saw people coming in, buying june 750 calls so theyre out a month into the future. Buying the 750 calls with the stock at 6. 50 and bought it today. Then we have a payments play we talk about other types of payments a lot but we havent pensioned pags much. Pags up 31 in the last month. The june 32. 50 calls with the stock just below 28 bucks, they were buying that aggressively today. I bought those calls both ill probably be in them two weeks to a month and both june options. Okay. I got another one for you, too that Somebody Just okay Somebody Just sent in ask jon about draftkings unusual options activity you have something on that unfortunately, i dont but maybe i can throw it on final trade because i didnt have that screen up in front of me just now, scott sorry. I didnt think you would. I took a chance there to see something on it. Well try to get this viewer that information. Ill do a quick scan. Please do that. Try to do that, doc. Try to get an answer in the couple minutes we have left. Steph, a couple of calls chevron downgraded today over at ubs. Are you an abvi also i am, yeah, both of them i am overweight at jpmorgan. I think chevron, i think i get it down 22 when the group is down and best in class. Great Balance Sheet. Theyre cutting the capx so that dividend is secure so i like that company. Im going to stick with it i think that the pipeline is promising of abbvie. And evaluation is attractive ten times forward earnings and 5. 4 dividend yield. Okay. Josh brown, do you have any thoughts on home depot price target to 260 at wells fargo. Ties the street high. Yeah. I think there is a massive boom in home renovation under way when people are stuck home and look at the southernings, very easy to find the things they dont like and do something about that bank of america, Merrill Lynch with data for the month of for late march and then april and it showed the only place where hard line retail purchases were on an upswing was places like home depot and lowes theres staining going on. Repainting bodes well for the companies that sell that stuff and staying open in this lockdown while a lot of retail categories havent so i think that trend continues. I would stay long this group. Jon najarian, you find anything for me . You bet, scott. I pulled up that page and our guys had it posted 37,000. Thats 3. 7 million share equivalent of the may 30 calls being bought aggressively in there. They have opened that Online Casino i believe in pennsylvania and these calls were bought for 50 cents with the stock right here at just under 26 bucks a share. Thats a big leap by friday, scott. But nonetheless, hopefully to update that throughout the week. Ill be back on with you thursday. Good stuff. I appreciate you doing that for me, that quickly, doc. Certainly for the viewer to know about it we love the interaction with all of you well do final trades right now. Steph, you got one quick for me . I did abbvie but i like target 2. 5 dividend yield. Digital is up 100 in comps. Great numbers. Joe chipotle. Marching towards 1,000. Unbelievable. All right josh brown slack broke over 30 hanging high staying above. Okay. Cool jon najarian ibb big buying in that one i bet josh likes it and i bet joes waiting to bet back in. Thanks, everybody good to see you. Thanks for watching. Thank you. Kelly evans picks up the breaking News Coverage right now. Thank you, scott welcome, everybody, on this tuesday. It is a mixed picture on wall street this afternoon as stocks aim for a longest winning streak since december right now we have got the dow up 19 s p fractionally lower the nasdaq once again up by 40 lets get to dom chu for more on this action. Very mixed. About whats happening right now. Take a look behind me. What you are seeing is that materials, technology and health care maintain a leadership position in the trading today and then we have got utilities, industrials, financials and real estate, defensive and economically sensitive sectors in t m