First, new highs for several growth tech keeps going up it does its funny, though, we see our sunrise and reallocating into some areas that, you know, im sure for longerterm holdings, but theyre moving them into some of the retail and travel names. So were seeing some folks take some profits, which i wouldnt necessarily be doing right now, but taking some profits out of those highflying tech names and moving them over a bit right now my personal portfolio, obviously, im very keen in whats going on in the hightech names and holding on to the facebooks of the world i have moved into some financials and other places, but its interesting to see what folks are doing out in the market. Well get to some of the things you have done in a some in kevin, sailing or a swoon this weekend . Good news on a vaccine from pfizer today well hear about vaccines in the months ahead, a lot about the elections the months ago. I think there will be a lot of concern about all of these issues i look at the news flow as i sit on the bike trying to get some exercise its generally a third about the virus. Heres why i think the market is so perplexed by it a country like switzerland that had 14 cases yesterday, and 8. 2 million people, its the one market i keepwatching regardin covid. They solved it by just having people pragmatically wearing masks. You know thats an outcome that some way somehow were going to get to that outcome is coming i dont think the market cares about earnings for the rest of this year, totally irrelevant, and it keeps focusing it on this digit at pivot or america 2. 0. The product activity that seems to be get more and more focused, how companies have turned twotier retail distribution in directtoconsumers sales at almost 100 gross margin i have plenty of exampling where companies have beat their Free Cash Flow targets in the last five weeks, even though the revenues are down because they have gotten out of the inefficient retail distribution. I cant help but look at that and say thats a fantastic outcome, which is why they tech high flyers continue to fly high, because everybody else sees this, too this pandemic issue and the therapeutics, i mean, weve got to get through this thing. Everybody else has been able to do it. Why cant we we have some tough decisions in the weeks ahead i think we know why we havent done as well in other places maybe we can save the day. Doc, i come to you first the tech sector hits new highs, an alltime intraday high. I mentioned some of the names. Service now, twilio, is there enough in the tech mark because its a big part of the s p, that you get a part into the summer, or are we running out of our luck all those stocks you just spoke about, fortunately or unfortunately, they are not negatively by the virus. You and i know a lot of consumers discretionary plays, where people have to go out of their home, those are the ones impacted, but splunk, of course not. You know how into internal data i am, and i think these will continue to surge. You and courtney were talking about square boy, that cash app is just killing it for square. This is of course the big competitor to venmo over at paypal stock bottomed at 38 a share. Its through 110 or whatever it is today thats become a Significant Holding for me it was for months, knock on wood, but that one im shocked by how well they continue to do. Its like if jack dorsey focused on something, this would be why he shook focus should be focuse it a bit of panic last week with facebook, yet ask mr. Wonderful, where are you going to spend your money, kevin . Its going to be facebook. Well get to that in just a second joe, can the markets continue to go up if virus cases continue to do the same . Thats a great question probably the usage of mask would be to the s p, but we wont speculate on that. I think were seeing a weaker period for technology, and i think that provides you an opportunity on the other side to buy a lot of these Quality Technology names i would look at Growth Technology right now i would be questioning your portfolio and saying which companies have too much debt on the Balance Sheet, and potentially would do a secondary offering, or would have some form of a desire to raise capital with stock prices moving higher i dont want to own those names. I want to stay with Technology Companies that are very cash rich in addition, i would say im somewhat surprised given where we were yesterday late in the day and the strength we had. Adp, the pfizer news this morning that finances, energy, and a lot of the cyclical value names are not really trading very well today. The russell is down on the day im very surprised by that. You have spikes in these cases. Were talking about records, whether its arizona, texas or florida. That makes it difficult to break out of this range as long as you continue to get those stories. Certain parts of florida were hearing about today are pausing elective procedures and surgeries again in hospitals as they get stretched there these are the seam headlines, the likes of which we were talking about here in the northeast not all that long ago. Yes, clearly. You were relying specifically on these Technology Names, and they performed wonderfully, but i really, really right now want to be looking at the Technology Names and making sure im own cash Rich Technology range, because were coming into the seasonally weak period for those sectors. Are there any of these names you would sell i get why theyre up stories are well told. We know where the growth is. Everybodys talked about in an environment of slow to no growth, go where the growth is, and youre willing to pay up for it, but at some point, people like joe have made tough decisions to sell names like amazon is it time to do that . Anytime somebody wants to take profits, scott, thy can and they should. They also have to consider those tax ramifications, so in a nontaxable account, of course you can get to the sideline, wait for a bit, and then if you get that pullback, make sure you take advantage of that dip, but as far as going forward, scott, you know, the biggest ones amazon, apple, netflix, i dont floe what derails them right now, based on like your reporting, your great reporting about, you know, cases spiking and so forth how does that negative affect those stocks it does not. In fact 5g for apple will be one of the biggest things to happen at apple in an awfully long time amazon, you know, i think thats still a great stock with a lot of up side im not going to question anybody who takes money off the table and try some of these areas. Today i was taking bites at hilton, splunk, netflix, but i didnt have to splunk is at an alltime high. Dun brad street, i think the stocks are up. Do you know what the valuation of splunk is i dont, but i can pull it up the stock is up 83 in three months, and this willingness of investors, you among them, jon, to continue to pay up for where the growth is. This is such a perfect example of the kind of debate and discussion were having right now. But you look at market cap, by the way, 32. I look at a pay pal, you competition with square, i told folks about that, what, 50 ago, but paypal is trading at 50 times earning, but the Addressable Market is tremendous when you talk about these techniques and the Growth Opportunity thats out there whether its payment services, the opportunities are tremendous, and with unfortunately or, you know, obviously its great that the economy and people are adapting to the new ways of the world and are now using some of these forms of technology, but all that means is were still going to continue to grow in them. So, you know, again, i agree with jon on the fact if you want to take some profits, it makes sense for you to do that for someone like me that doesnt have to necessarily take the profits off the table or reallocate, im going to sit on names that i think will continue to go up visavis where we are with the situation with covid, as well as in the long term from a business perspective. Good points kevin, how do you see this splunk, paypal, square, we know why all of them are up some of them up double does that raise concern . I completely get what youre saying either you believe that we have compressed five years of digitization in the economy into five months or you dont if you are in the cap as i am, as i watch it happen in my private portfolioings ive become a hardcore believer that what is occurring is an acceleration of what was going to happen, abobut it happened whether you pay 30 or 50 times at a time when youre having a transformational change to an economy thats buoying the entire market, you either believe in this enhanced margin in the s p in two years or you dont. I am in the camp of optimism, tangibly seeing it every week in my tear sheets, im there. So im not selling any stocks xecht because im forced to some some portfolio, because they have gone past a 5 weighting. I cant hold them. And then damn it, the nest week theyre back up again. But im a disciplined investor. Some of the moves that you all have made i found really interested today court, you know, housing has been a real bright spot. The stocks have moved, moved a good amount. Theres a lot of optimism about that space and youre buying Toll Brothers over the past week or so . When i think about the highend buyer and home builders, theyre going to benefit tremendously over time as we think about rates remaining low, think about the fact that people do want more space. People will continue to adapt. As we see commercial real estate unfortunately kind of begin to taper off, Residential Real Estate is going to be the way to go, and i really like these names, and i think theyll do well for the long term. You know, there was a time when the market was sputtering around a lot when the financials couldnt get out of their own way. Im wondering if the financials cant get a good pickup, what that means photobroader market why would you add to j. P. Morgan here, given the concerns out there, and the fact that rates are low. Rates being low is a doubleedged sword it means people will get mortgages. Now that we saw the changes in the voelker rule, jpmorgan can invest capital into companies, buy and built with those companies. So theyre able to invest differently now. You look at rates being low, and the opportunities on the Investment Banking side. Lets see what jpmorgan will do. Fixedincome spreads are widening out people are looking at commercial banks as if theyre onelegged stools, and theyre not. Remember when i talked about jpmorgan and jamie dimon in the past, look at their board of directors, this company will continue to thrive as we move forward. I think financials generally will i also like to generate revenues from theres a lot of reasons ive added to financials, specifically the blackstones jpmorgan, citibank i understand its there, but they have a lot of arrows in their quiver to make money. I added Goldman Sachs as early today, and i havent owned a moneycentered bank since january. When steely dan sang i detect the el supremo, they were singing about Goldman Sachs. That is the brand. Then the fed this week, comes out, rolls up a newspaper and treats Goldman Sachs like a puppy being toilet trained it was an extraordinary outcome. That thing is now in a prekarius situation. Theyre going to focus on a Balance Sheet getting ready for the fall stress test you as an investor will benefit from that. And selling assets to get compliant to the feds stress te test i think it will be maintained. Its a brand story thats my theory and im sticking with it ill look at it again in january. Lets not forget, okay, i hear you on saying goldman has this great brand name, but there was a period of time and a fairly good one, where the stock did next to nothing. Youre absolutely right i think they all have issues, but this one has a special motivation the management teams are ago good as they can get, but theyre in a regulated environment. I think low Interest Rates hurt them, but we havent seen the impact of the mark to market, whether its tripleb or triplea and the regionals are stuck with the cgrade strip malls. I think we have to determine over the next few quarters after this all fleushes itself out i love it i cant imagine the phone calls going on in that board back to the ceo saying what the beep . Fix this [ laughter ] that may be jon mentioned facebook, and you both have added to facebook. Facebook seemed to care about the advertising issue that or investors seem to care about for ten minutes. You had a lot of brand names saying theyre pausing their advertising. The 52week high is 245. It was like a big whoop moment jon najarian and pete have made the case it would be just that it looks like theyll be right, court. I personally believe they need to do something by the same token, tiesers hands are tied, Something Like 6 of revenues are taken from their top 100 advertisers. Its the Small Companies and Small Businesses, one, that are going to be hurt if they pull away, and two that actually make up that facebook revenue thats a conversation for another day, but i do believe the Facebook Stock is one where, you know, ill own it, continue to own it. I bought it back in march. I was waiting for it to potential drop below 200, but i know mr. Wonderful did what do you think e. Kevin i know its popular to bash zuck, and these issues cant by ignored, i see that too, but i dont see the membership go away we even increased our spend over and over again over the last few weeks, because when we buy facebook targeted ads around a retail store thats closed in a small champaign, or urbana, with he do it on facebook or i. In the s insta if a doughnut chain doesnt want to advertise, you uses it to gain customers they have added so much power to this platform that most Small Businesses cant understand it anymore and are not using it officially now i have to hire consultants to help them use the tools efficiently so we dont ov overspend. What happens if the advertisers are not a precursor to users leaving . I see no evidence of that i get to spend 100 million by this monday, by the next monday i can see my return. The platform keeps performing. I was hoping it would brea the market doesnt care, because the users arent leaving the tool is incredibly efficient. I keep sending them so much money every week they guys are so good at what they do. Hi, rahel. For the companys Fourth Quarter, that was march to may with 70 , compared that to 56 while the street is split, the average price target has jumped about 20 bucks from 145 yesterday to 162 today revenue for express, which is more the commercial deliveries j. P. Morton, theyll be keep for the Company Going forward given the impact they may have been wrong, saying fedex appears to have handle the surge better than u. P. S. , though the results have lifted the stock in both companies, and gives a bit of kudos to management there you know who says kudos . Michael farr yes one of his top stocks for 2020. He made a nice call yesterday. Joe t. , the street is split, so why dont you settle it . I go to ups, and i think thats the better strategy we were talking just six to 12 months ago they are restricted Revenue Growth that really leads me to say, i want u. P. S. First and foremost in any form of ecommerce and commercerelated recovery. Thats a big move today rahel, thank you up next, is it time to buy the industrials . Tet thurba iwi o experts. Were back in two. Now is the time to support the places you love. Spend 10 dollars or more at a participating Small Business and get 5 dollars back, up to 10 times with american express. Enroll now at shopsmall. Com. Heres whats happening at this hour. Vice president mike pence is heading to arizona to speak with the governor about the pandemic, this as the state reported new daily records about confirmed cases and deaths from covid19 you can go to cnbc. Com for more on the hot spots protests following the death of george floyd have not caused a significant rise in Coronavirus Infections according to a new study the Associated Press examined case data and did not find strong links between protests and outbreak. Those pictures never get old. That is the update i was thinking the same thing. Deutsche bank is resuming coverage in several it machine names. Joe, what do you think of this call deere gets 186 with a buy, a lot of other names, adko, cummins those are two names that i think will continue to move higher a lot is predicated on seeing economies recovers outside of the united states. I think a number in the prior 18 months, i think theyve done some things fundamentally on the Balance Sheet to improve the outlook. And i lie adko as well would you buy anything on that list . I did not buy those, but like i say, i was heartened against by square, which people continue to leave off of some of these list s. They left it on this one, doc. Are you with me . Aisle still with you. [ laughter ] on that list, scott, didnt we also have consumers and financials on that list from deutsche or am i thinking about the b of a list i dont know. I brought you the industrial ones yeah, weve got three different lists sent to us today save me, yes, i will try scott, the reason were seeing they downgrades to hole frd from buy, these are companies in a lot of exposures where were seeing these spikes. We expect it to reverse and we learned that you win thing i can say is perhaps theyre downgrading if to hold from buy. In the meantime, not so much, to arizona, california, georgia, texas, they have Jethro Townsend is founder and c. I. O, join us for the first time welcome. This is a good time for you, the beginning of a new quarter, how do the markets look to you we think its the tale of several cities, quite frankly. For example, on the one hand, we have a record amount of fiscal and monetary stimulus. Obviously the fed has shown its resolve and intentions to basically step in and support the markets no matter what the cost the question is, how long are the fiscal stimulus measures going to be in place to support the economy, support the consumer those are some question marks we are facing we dont know what its going to be, what is the psychological and whats going to be the new normal if youly. Its likely to be some fraction of the new normal. Certainly weve a tres bounce from the bottom. We were have some degree, with hed like to focus on technology, and we within tech, but having said that, we also have to be cog any sand of the so we have so remain selective. Theres an awful lot of questions out there, which lead people to stay, just stay with whats working, right . Even if its tech, thats why the money continues to flow there. Thats why people and investors like you continue to like it, even with all the money thats flowed there, with all of the liquidity on the backstop, its no wonder people continue to buy the stocks. Certainly the beauty of this space is theres always opportunities to be found on both the longs and the short side, regardless of what Economic Conditions were in we take those into account with how we manage or strategy we think theres some strong product revolution and that can generation some decent power youre long short and youre not afraid to talk about some shorts, either, which is rare. Net app, ntap, you are short its one of your top shorts. Why is that . It fits into the other side of the thing that i talked about. Being able to find companies that successfully transition during these periods of change as you know, it was a box maker that did well, but right now its a Mature Company thats had some difficulties transitioning to the new paradigm. Particularly with the cloud, ssds, solidstate drives in addition to that, the environment theyre in, theres a challenge on the spending side by enterprises has been a negative detriment we think that the company hasnt been as successful in this transition to the public cloud, and thats one of the reasons were short. How about adp again, adp is one of these companies thats geared to, you know, the slings and arrows of the Employment Situation its a Payment Processing company, which obviously theres going to be a high correlation to whats happening on the employment side. They do have a cloudbased solutions business, but to the extend that, you know, there might be some permanent dislocations with employment, we think that adp will have a different time getting back to the old premium valuation levels. Let me get through a couple more longs its a company we have never talked about Iivi Incorporated its one of the these companies that has successfully transitioned to some of these thematic things. The primary business is Electronic Materials iivi made an acquisition in the component space. They bought a Company Called finitar, and actually the company has experienced a record backlog in their broadband products with the acquisition of finistar it gave me a foray into images now theyre a secondsource supplier to apple. We think that would be a long growth driver. It has a long runway within the Apple Ecosystem as well as the android ecosystem. Nuance communications. You may have known it as the Software Provider for apple siri product, but its pivoted into higher s. As solutions theyve been impacted by covid19 with regard to elective procedures, but within this environment, they found a new Growth Engine in telemedicine, because physicians are keenly focused on working with product activity and efficiencies. Good enough well have you back soon thank you for your time. Jons latest trades are coming up, but first, before the break, lets give you a check. S p is looking to pick up some steam. Its up about 23 1 2 points, Communications Services a big, big surprise is there, not, leading the way, you can always listen to us on the go the half is back, right after this 300 miles an hour, thats where i feel normal. Having an annuity tells me my retirement is protected. Protected Lifetime Income from an annuity can help your Retirement Plan ride out turbulent times. Learn more at protectedincome. Org. Welcome back roku shares have given back some of their rally stocks are having a good day, doc. A great day, scott. Heres why of course, jim lobebenthal on o side of this, steve weiss on the other side a lot of people jumped on th expiring july 10th they bought the 130 calls, scott, paid about 1. 75 for them now i show those up over 26,000 contracts. This is absolutely exploding to the up side. An awful lot of Robin Hooders and everyone else piling into this one second, maxr, a little over a billion dollar company, jumping in rather aggressively into the all 20 calls ill probably be in them through about tuesday or wednesday of next week unless its just surging. The other, maxr, ill probably be in though until about three weeks from now good stuff, doc. The investment commit use he is answering your questions next. Were back in two minutes. Yyeah yeah hey, hey weall around the world. Ally tough time right now, and covid19 is still impacting so many people. If youve survived it, then youre the heroes we need. The plasma thats in your blood can literally save lives. But we have to act fast. So please donate. You fought for your life. Now, lets Work Together to take down covid19 to donate plasma go to thefightisinus. Org swithout even on yoleaving your house. Just keep your phone and switch to xfinity mobile. You can get it by ordering a free sim card online. Once you activate, youll only have to pay for the data you need starting at just 15 a month. There are no term contracts, no activation fees, and no credit check on the first two lines. Get a 50 prepaid card when you switch. 5g is now included with all new data options. Switch and save hundreds. Xfinity mobile. Joe, i come to you first, from nick from new jersey. Avi, i bought at 69 about two months ago this distancing thing is really difficult id like to sell, but sure, i clearly missed it when it was down its a name i had owned previously i was conflicted at the time i had added labs, and its both 150 to 175, but this stock is breaking out courtney and jon, its dear to their hearts its illinois based and a name i should have gotten back in i missed it. Next fundamentals is a seemingly loose term what are they exactly. The easy way to think about it is that is what the stock is based around, the actual growth of the stock those are the fundamentals when you talk about when youre looking at fundamentals, its the qualitative assessment, couples with the quantitative assessment. Jon, coming to you now. I think just machines ago we had unusual activity at the 500 strike so, yes, i would hold it, and im looking for more up side. Kevin, should i take profits in tesla or is there more room to run bigger market cap now than toyota i bought it around last july when it was downgraded my attitude about stocks like this, are stretched to valuationses but people who believe in a brand around electric cars and tesla has proven they can make them, im sticking with the stock. I have sold tesla as recently as yesterday, and it keeps bumping up the stock is relentless in terms of its increase. By sells it at 5 , and im talking a bit of invest floich, im taking plenty off the table while i stay in the name i never let a game get past 5 , and tesla has been doing it ever week, one day when it corrects, hopefully i will have taken enough off the table i simply wont care. Gold presses pulling back after an eightyear high well find out how the futures players are playing that and tonight on mad money,s ceos of general mill wlis,ilam sonoma and more were back in two minutes. You downloaded the Td Ameritrade mobile app so you can quickly check the markets . Yeah, actually im taking one last look at my dashboard before we board. Excellent. And you have thinkorswim mobile so i can finish analyzing the risk on this position. You two are all set. Have a great flight. Thanks. Well see ya. Ah, theyre getting so smart. Choose the app that fits your investing style. We did it c crowd cheering [narrator] wherever you start, snhu is where you can finish. crowd clapping crowd cheering here we go. [narrator] and its it. [group] yay [narrator] you did it, high five Southern New Hampshire university. [man] that gets a hug. laughing look at that masters degree, i did it i did this for my children. I am very proud of myself. [narrator] finish your degree at snhu. Edu. I was drowning in credit card debt. Sofi helped me pay off twentythree thousand dollars of credit card debt. They helped me consolidate all of that into one low monthly payment. They make you feel like its an honor for them to help you out. I went from sleepless nights to getting my money right. So thank you. So thank you. Now is the time to support the places you love. Spend 10 dollars or more at a participating Small Business and get 5 dollars back, up to 10 times with american express. Enroll now at shopsmall. Com. We are back on the halftime report. Time for futures outlook now gold down 1. 5 its now sitting in the red since it touched its highest level since 2011 lets bring in scott nations of the nations. Scott, good to see you what is the next move, do you think, and how would you trade it sure, the next move is going to be higher we saw a high 1808 this morning down in hopes of a vaccine since its rallied in midmarch, really overdone low about 1450 gold is waiting for the fed minutes which are likely to be breathtakingly dovish, and if they say theyre going to pen certain maturities at certain yields, thats going to be great for gold i would be a fighter of the august contract. Love to get long at 1770 my stop would be 1754. You can see it right there stock will be 1754 because thats the low since june 20th target to the upside would be really aggressive at 1900, but scott, this is one of those trades, if we get what we expect from the fed and the trades start working, ill be raising my target. Scott nations, good to see you. Have a good weekend. Scott, you own the gold. I do, and todays 1 selloff, its not shaking me off, but i obviously wish it would have gone the opposite direction. I own the 17 calls in august. Some people are even optimistic to say it comes by labor day lets see. Kevin oleary, do you like gold i do. I own gld. I just cant believe you can throw 5 trillion from a helicopter on the economy and not see inflation in the next 24 months its going to showp d e neciy is going to be the one like gold. Okay, well be right back. Hope youll tune in tonight for our special report, crisi in america, 7 00 eastern time ill see all of you then can i have kevin oleary, wt through some moves and left the best ones for last you sold boeing. Tell us why. I decided to take boeing off the table on the flight this week, the first test that makes a certainty in my view that the max issue is resolved. It will be in the air in the Fourth Quarter that shot of it flying like a Space Shuttle to me was a sell on the news. My thinking now, my theory about the name is its going to trade in sync with airlines, because now we really need airlines to start buying aircraft. And as you saw this week, the nordic countries are starting to cancel they canceled 100plus max orders i dont see an upside anymore. My theory was i was buying all the way down, i even got some at 96something now its back up in the 80s. Why not in this environment, with so much uncertainty about the duration of the virus, why not just take it off the table and say, what reason do i need to own it now given that the airlines are not buying aircraft this was the stock that took you to the promised land, right . Didnt you win the stock draft with this thing . Am i confusing that with Something Else i did because no, you are right, you are right i went on this name through its incredible journey, and at the time what was so interesting about it, and it still may be the case, you have to think about it almost as a Software Company because youre constantly paying for the Firm Software upgrades when you were buying the hardware. That was like apple, a Services Industry that was growing in margin then the poopoo hits the fan and he with run into a lot of issues kevin, i have to get the finals the Balance Sheet has deteriorated dramatically. There is so much debt on this name now you got a name . Toll brothers there you go. Joe . Playing in the home thesis, best buy quick, doc. Bloomin, blmn, restaurant stocks and theres facebook. Thanks, everybody. Well see you soon kelly . Hi, everybody, welcome to the exchange. Heres whats ahead today. Reopenings and vaccine data was a driver in the nation will there soon be news on a vaccine . The country becoming a market cap its what toyota sells in two months well have more. News for optimism. There is optimism about spending in the stock market. Hell join
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