Lets start with you, josh brown. This is something weve been saying probably like a broken record for, it seems like weeks now. It has been. The nasdaq, new record high. New record high. Is this something that worries you a bit that it just goes up in a Straight Line well, it doesnt worry me because as an investor, i would never have 100 exposure to anyone segment, sector or a pekts aspect of the stock market we preach diversification. Most of the people we give Financial Advice to are already wealthy. Our primary mandate is to keep them wealthy not race against the triple qs and try to do better than any over one, three, five year time frame. Theres two ways you get beaten up in this market from buying stocks at any price and paying any level for a quote, unquote great company. First cay is obvious any minute now the music stops playing and every one scrambles for a chair and it turns out there are way more sellers than buyers when some volatility gets reenintroduced to this space its happened before and will happen again its not necessarily the death nail of a particular trend like tech out performance but if youre fully expose and if youre leveraged it hurts. The second way people pay is more insidious for long Term Investors. Owe end up owning an asset for a multiple thats so high, that if youre right about the fundamental picture Going Forward, if you say i own this company because i think they will quadruple their earnings, you can have that part right or still lose money or break even if y if you pay too high a multiple. Thats called correcting through time i would suggest to you its a very real threat to many people who are acting right now as though they are bullet proof or that they have a complete understanding of everything thats about to happen in the economy over the next quarter or two. Those people are in trouble. I dont think most investors are taking those types of outside concentrated risks im not worried from a macro perspective that will imploed on every one else i want to put up a few names. Since the march 23rd lows, we have seen megacap technologiete the brand names we know and they have been bullet proof apple is up 68 . Facebook, 67 . A new record high for facebook today. Amazon, 61 gains. Microsoft, 57 netflix is the laggard only up 38 during that time span if youre looking at all of this and stephanie ill turn to you here because i could turn to any of you because all of you own some portion of this particular group of portfolios. Is this market thats bullet proof when you have those type of names leading the charge the way that they are. They all have a lot in common of the names that you mentioned. Strong Balance Sheets, good Free Cash Flow generation, market share gains and all work from home ben fieficiariebeneficiari. They are benefitting from cloud and 5g and the recovery in advertising that well see and ai as well they all have a lot in common. I dont think all of them are all that expensive other than Amazon Amazon is expensive. If you do a sum of the part, you can get awi with that one too. For the growth youre getting, if youre paying like an upper 20s multiple, i think thats reasonable given that these are secular growth stories and in a low Economic Growth environment, youre going to want to own some of these secular growth names. I told facebook because the stock is up 64 from the march lows its a little bit antiesg like. At this level, thats the one ive taken the profits its up 64 from the march lows. If multiples are capped and earnings are capped because they will have to invest heavily, that could start to lag. Jon, interesting that stephanie brings up that trade right off the bats in the show facebook hits a record high despite the fact we have this ad boycot boycotts what does that leave you to do with some of these types of moves . Is now the time to take profits . Yesterday you were telling us about selling at the money calls for some of these big runs that you have seen as of late absolutely. I still think thats a prudent way to approach it pete and i both doubled down on facebook when it had that when the boycott started to hit and the stock broke 220 an traded under 215 now look at it back to 245, 246, a new record there are only so many platforms on earth that can get you the billions of people that facebook can give you i think that an awful lot of this is just hot air because people could look at facebook and say, but they are allowing, not promoting, theyre allowing right wing this or White Supremacists that. What theyre doing is allowing a platform to basically be out there for these billions of people, not just targeting a group like White Supremacists that most of us would like to see banned but then saying what about blm . What about all the other opposite side, do we ban them as well from the platform some of us would say no. I think youre better off being that platform that gives voices not to hate but that gives voices without the censorship. You dont have to follow this stuff. Theres only so many platforms that can give you what these guys can i think the fact that they decided to do this boycott in the doldrums of summer, july, versus doing it into the fall, lets see how Many Companies decided to boycott are Still Deciding to keep from advertising, to keep from reaching all these bodies and eyeballs into the fall i think that would be a game changer for facebook i dont anticipate they are going there. This is not just about facebook i mention it because it seems to be a story of the day. We have headlines that are tied with it. Michael farr, ill turn to you stephanie brings up a great point about facebook and when to take profits there this is not my commentary about whether Facebook Stock is over or under valued. From a previous 465 per share reiterated again theres a theme here out performed, buy rated is this a scenario where the consensus trade has everybody moving to the same side of the boat we have seen this so many times before wheragists just keep up, if a stock price goes up and the analyst increases the rating and the analyst chasing the tail here. I dont put a whole lot of value and credibility into these newer and higher numbers here. I think there are three points with the bigger stocks that we have to take a look at first, when stephanie sells, you kind of have to listen because at least done this a long time shes very good at this. If stephanie is following an old rule which is you buy low and sell high. Theres no question but this is high this is a group of stocks thats working. Its a core group of stocks whether its the microsoft tech or whether its this is where these companies have real earnings when 80 of the s p has suspended guidance you dont have price to earnings you have price to well let you know these things are expensive now. Do i think its a core part of a portfolio, yes im going to continue to hold facebook these guys cant handle the media. Mark zuckerberg seems to be off key and its two or three months before he gets the response right. Somehow the stock endures, suffers. Well give you a buying opportunity in there as a long term model because im a long Term Investor, if i had a shorter term focus, id probably take a bit of profits. Longer term, if you like these companies you know youll own them through the periods you may pair back a bit. We have a good amount of conversation going here with regard to the megacap tech trade. Lets bring in mike wilson you all know him hes the chief equity strategist for u. S. Equities over at morgan stanley. A guy we talked to a lot to provide context. You heard the initial part of this conversation. Is this a market you see as not being able to taken down i think everybody is kind of looking at the group saying the fundamentals are quite good for these companies. We agree most of our ratings are positive on these stocks from a bottoms up perspective the market has turned them spino story stocks for the right reasons. They were beneficiaries of the covid pandemic thats lead to a view these trends that were already in place have been accelerated. There may be some bull back. We wont know the answer to six months to which one is correct we have some of these stocks in our portfolios too we think you have to own secular growth stocks. However, the fatter pitch, we think, right now, is still in the economically sensitive area of the market. Thats the part of the market thats more geared to an economic recovery which were bullish than most many the v shape recovery and how we think think will play out and the expectations are lower in that area we like the barbell. We think you should own some of these but you have to barbell that with what we think is the economically sense tiitive partf the market thats left for dead for ten years. The real loser probably Going Forward is the bond proxies and really overly defensive areas because they dont work at the beginning of a new economic cycle. Mike, i guess im curious lets say because the v shape recovery that you speak of and youve been talking about now for weeks is playing out were at a point where were near all time highs or at all time highs for certain indices, what portion of that seems attractive given the environment were in with certain Technology Industries with record highs i would agree with your premise to your question which is is the Broader Market kind of stretched here we would argue yes you say if we get a correction then the leaders will have to get hit with Everything Else i think theres a risk of some sort of correction in july and august as we go through earnings season it will be some various disappointments. Maybe some sell the news, quite frankly, of some of the winners because maybe they are projecting even better earnings. The biggest risk for the market is right around this fiscal stimulus bill that has to get passed the higher the market is and the better the economic data, is harder to get that bill passed ultimately it will get done but there may be some sort of corrective activity. Were in a bull market the market is showing its leadership i would argue some of these that have done quite well since late march. Well be buyers of those two areas in particular. Stephanie, i know you want to jump in here as well hey, mike were going to continue to have this debate between the recovery and the economy versus the higher virus cases as some states reopened. I think the biggest debate, i agree with you on fiscal package, thats a big debate but i think the bigger debate is how much do we slow down because of this virus situation or can we control it enough and we can see enough growth like double digit snap back. There that continue into the back half of this year and into next year . Yeah, stephanie, i think you know, its going to be fits and starts every new economic recovery is never a perfect Straight Line. Signaling the virus at different phases its not a second wave yet they may start to pull in some of their reopening northeast will move forward because it doesnt like thing vs been controlled. We think its going to be an ebb and flow theres enough good things happen ng the economy to offset. Its going to be a barbell within that structure as well. The good part of the economy can offset the weaker parts and the broader economy will continue to reopen enmass. Josh brown, i know you have some thoughts as well here hey, mike here is the bearish scenario that youll hear in talking to people id love to get your take on it. The 7. 5 million jobs that we recovered of the 22 million that were lost were the easiest to get back now the next five million jobs are going to be much harder to get back due to a confluence of resurgence of the virus. 40 living in areas where theres roll back of the reopen and just from an industry standpoint, just activities that arent resuming like conferences and flights and concerts theres the employment picture which leads to increase civil rest people in the streets, people not working. The sunsetting of various Government Programs that have kept these people in a position to be able to pay their bills and now a collapse in real estate prices because all of these forbearance measures werent designed to last until the end of the year. Compounds that with the coming president ial election which may not have a result, may end up being contested and the fact that tax rates almost undoubtedly have to go up for corporations and High Net Worth investors consumers, rather you throw all these things in to to mix and say even if were over estimating these negatives by 10 or 20 , even if we think there are too scary based on what were saying, if even part of that stuff becomes reality, how is it possible that we could sell at a 99 percentile market multiple and navigate through that how could sentiment stay as elevate ed as its been thats a long list. Well try to take them one at a time the big one, i think, you start out with is correct. Its the unemployment situation. With so many unemployed its an untenable outcome. If you get back to come back to work who are temporarily laid off, well still be a high rate. This employment cycle very unique in two ways number one, we got to a peak Unemployment Rate in two months. Normally it takes two years for that to happen the unemployment increase went up by a thousands basis points the way i think about it is well probably be back to 8, 9 unemployment by the end of the year which is still too high thats usually the way it happens. Were in a recession thats when the recovery really begins is next year. It will take two or three years to get back to three or four five percent unemployment and thats the way recovery works. The reason the market looks through that is it understands it will be tremendous operating leverage because of the costs coming out the sales will come back in this case because of the stimulus, the sales may come back faster than you might think. Were looking for big operating leverage coming out of this recovery which is typical and may be greater than normal because of the size of the layoffs and the support from the government to offset that. Ill talk about maybe a few other ones you mentioned which is the election is highly unpredictable. I agree with you it will be an uncertain time every Election Year is with elections once you get past the event, the market will look forward. I think youre right it can be contentious between now and november once the election is finished, the market and quite frankly, the economy and also the people look forward were looking forward to next four years no matter who wins. I think that will be the case. I will say one thing about the election that maybe is unique in our view of it people worry about a blue sweep because the perception of taxes may go up and maybe some anticorporate policy. We worry more about the worst outcome would be perhaps a joe biden win with a very strong republican senate. Then it would be very difficult to get anything done we still need stimulus probably well that could be a bigger risk people arent thinking about and we have no idea how the election will play out. The last thing ill say is all the things are very valid concerns the way i think about those, thats the wall of worry those are the things we have to move through gradually in sentiment. We have been climbing that wall of worry for quite some time now and we always do. Mike wilson, always great to get your thoughts. Thank you very much for tackling all of those issues for us well see you soon thank you well, uber ceo was on cnbc earlier today speaking exclusively to david favor about the future of uber and the post mates acquisition as well. He did talk quite a bit about the future of uber put simply, uber wants to be in a position to deliver anything to your front door whether that be a person, your dinner, your groceries and maybe even your prescription saying this deal with post mates allows the company to pivot more deeply into groceries. Its a business thats growing markets are improving. It should make delivery more affordable for the consumer and it also works for uber as it looks to become profitable ubers rides business and its Delivery Business are hedges as lockdowns lifts, the rides business improves and when lockdowns remain, the Delivery Business improves. That tlifrly growing over 100 according to the ceo you add post mates to it, thats running at a 4 billion dollar run rate based on their q2 volumes a rides business that is now down about 60 if you look at it on an exit rate. Generally its something that we expect to improve. If you put that all together were very confident as we said the last time we spoke to investors, were going to get to profitability next year and we have enough of diversified portfolio to make that statement with quite a bit of confidence right now, 70 of ubers business is delivery or rides and delivery is 30 he can see a day where deliverly are out pace rides and if the lockdowns remain, we may see that day sooner rather than later. Its basic shift to their Business Model a paradigm shift for uber. A name we have known as one of rides. I cant imagine it could be Something Else but maybe it will be right he said he likes the post mates sort of appeals to a younger consumer its more millennial brand which i thought was so interesting because i think for so long we thought uber was that disrupter and the narrative changed. They have been in the market that they no longer have that millennial young appeal that post mates has that they like. The word itself screams millennial or younger to me. Thank you very much. Lets trade it josh, you own it you have spoken about it at length at times here about uber. Is this something that interview changed your mind. Is the future of uber about delivery and melding of like task rabbit and Everything Else put together i dont think my mind was changed but its a very good question i kind of if you would ask me prior to the pandemic what should uber do with food delivery, i would have said what jim has been saying which is throw it out it seems like its hugely capital and labor intensive. Margins are terrible high competition really not that big of an opportunity compared to rides. I think ive been turned around as a result of this pandemic i like the fact that uber itself is talking about this as a hedge against not that well have pandemic a year, at least lets hope i like the idea of the company having two different lines of business one can pick up the slack for the other depending on whats happen ing in the economy i think thats kind of cool. Were in market right now, you have zoom trading at 87 times enterprise value of sales. People used to talk about uber as this poster child for over valuation. Uber is like a year away from being Free Cash Flow positive and its four times sales. I think the stock is cheap in a relative world maybe not in an asbestbsolute w. Uber is cheap Growth Opportunity with multiple ways to win. It could become a Platform Technology company like an amazon and i like the leadership here i like what they are doing by the way as bad as the delivery food business was six months ago, theres been a lot of consolidation in the space and i think it will become profitable at some point if they get the rest of the economy back, the rides business, travel, et cetera and they have this business becoming profitable, i think the stock will work. Technically its in the midst of forming what looks like it will be an inverse head and shoulder. When it breaks 40 it could ride to 50 with no resistance thats the nature of this stock. I own it im staying long i like it. We know that investing and trading is about relativity. Jon, let me bring you in here. Owe own call options options to buy uber stock. What are you doing with those right now . Im holding onto them i think its a fantastic way to get that stock and make it part of the family. I agree with all of joshs comments i wont restate them i think this one goes higher my target is in the mid40s in probably october november. All right rather bullish call here from our investment economy nvidia shares surging 150 in a year and one firm thinks the run is not done yet. Raising the price target to a new street high. Well debate it next you can always watch or listen to us live on the go on bcppcn a halftime is back after this. The World Health Organization says its open to emerging evidence about the airborne spread of the coronavirus. This after more than 200 scientists urge the global body to update its guidance on how the coronavirus is actually spread new york has added three more states to its quarantine list raising the total to 19 travelers from delaware, kansas and oklahoma will now be required to selfisolate for 14 days when visiting new york. You are up to date thats the news update this hour dom, back to you thank you very much for that several calls on wall street today to get through lets start with nvidia raised to a street high of 460 for target price that stock hitting a new record high as well stephanie, i turn to you you own it are you going to keep on owning it i do own it i wouldnt buy it today because its up 69 year to date and trades at 50 times earnings. They are a huge beneficiary of work from home in terms of data center and gaming and ai i think youre in the early innings in ai. Im going to hold onto it. If i had to buy a Semiconductor Stock today it would be broadcom its flat on a the year and it has a 4 dividend yield and its much cheaper thats the one i would buy today. Theres a relative call relative we have broadcom, better than nvidia lets talk about teledoc its initiated over at over weight at stephens josh you once owned it would you own it again i would not i think teladoc has benefitted they will not have the space to themselves there will be tons of competition coming in from every Insurance Company and Health Care Provider you can think of i like the company i would not be a buyer of the stock today. Coming up, the new ceo of Colony Capital marc ganzi how he is leading tradition away from traditional brick and mortar Real Estate Investing been yes it is. Jim, could you uh kick the tires . Oh yes. Can you change the color inside the car . Oh sure. How about blue . Thats more cyan but. Jump in the back seat, jim. Act like my kids. How much longer . Exactly how they sound. Its got massaging seats too, right . Oh yeahhhhh. Oh yeahhhhh. Visit the mercedesbenz summer event or shop online at participating dealers. Get 0 apr financing up to 36 months on select new and certified preowned models. No matter what challenges life throws at you, were always here to help with Fast Response and Great Service and it doesnt stop there were also here to help look ahead thats why were helping members catch up by spreading any missed usaa insurance payments over the next twelve months so you can keep more cash in your pockets for when it matters most and thats just one of the many ways were here to help the military Community Find out more at usaa. Com to help the military community 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. You should be mad they gave this guy a promotion. You should be mad at forced camaraderie. And you should be mad at tech that makes things worse. But youre not mad, because you have e trade, whos tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. Dont get mad. Get e trades simplified technical analysis. Welcome back commercial real estate is evolving as more people work from home. One firm is trying to capitalize on the future of Real Estate Investing. Our own leslie joins us with marc ganzi ill hand it over to you your board voted last year to pivot from a traditional reit. Things like industrial lodging, health care toward Digital Real Estate and put you in the helm where do you see the opportunity here as the teaser in the lead in suggested, the world is pivoting to digital that acceleration was exacerbated from covid as people continue to work from home, learn from home, exercise from home and owl all of those thing require a ton of infrastructure to make it work. We think about Digital Real Estate today, youve got mobile towers that enable our cell phones youve got fiberoptic networks that provide the equititivety that brings the applications together think about it for a second. Theres over 380 billion will be spent on Digital Infrastructure this year as we begin to migrate those workloads to home and thinking about how that traffic is carried. All of it requires Critical Mission infrastructure can you explain exactly how the portfolio has been impacted by covid on one hand you have a significant amount of these Digital Infrastructure assets. On the other hand you have things like hospitality. I heard you efaulted on about 3 billion worth of hotel loans amid the shutdown. How do you square the port tole o portfolio in the current environment . Were feeling the impact across our 208 h80 hotels. The journey for us started two years ago into digital two years ago we had less than 2 prs 2 of our assets were digit. Youre looking at a business thats more than 43 rotated toward digital where we continue to work with our lenders, servicers or trustees sorry, marc your connections a little spotty here i think what you were saying is you were hoping to pivot to become about 90 Digital Infrastructure assets. As you do that, as you look to kind of pivot that portfolio, how do you manage to sell off some of those legacy sates in a time of economic stress for legacy real estate, for traditional real estate . How the you plan to do that . There are pockets of commercial real estate that are holding up and performing well we think about the over 300 million of dispositions that we made this year we made a smart decision at the beginning of the year to exit the new york office space. We had a Great Partnership we had a successful exit there our departure from Retail Shopping centers were partnered with albertsons. We made that departure this year as people continue to rely on Shopping Centers and eating from home those are trends that have held up well. We have an obligation and duty to harvest those assets. At the end of day, the future is all about the digital pivot and continuing to invest in the best that we see for our investors. Marc, i think josh brown has a question how are you hi. Great. Thanks for joining us. Congrats on the new mission. I just guess i would ask on behalf of your shareholders, are you chasing something thats already been working and putting yourself in a position that if you acquire these types of digital sates, basically, you almost have no choice but to pay a premium multiple for sates realtive to any time in history theyve ever sold at the top six reits are all technology defacto they are either wireless, cell towers or e commerce fulfillm t fulfillment. There arent any bargains out there or maybe im wrong youre spot on. There are no bargains in Digital Real Estate or Digital Infrastructure today here is the good news. We have been doing this for 26 years. Mie te my team and i have been the pioneers of the sector what is unique about the set up today is we have one side is Balance Sheet where we believe very strong investments and Edge Computing and data bank. Today we announced an Exciting Partnership where we required a partnership with some of our investors. The best Investment Grade data centers in north america and then on the right side of our business we have on Investments Management platform where we manage close to 20 billion of assets in some of our legacy businesses on that private investing side of our business, we own some of the best businesses globally we have 15 companies that are investing specifically in these area mobile towers, fiber, data centers and those businesses are all performing exceptionally well if we benchmark ourselves against other Investment Managers like kkr, black stone, eqt, our portfolios held up well during the first and second quarter. All of our companies are experiencing growth. The way you create value in this market is you dont chase high end prices what were doing down at those 15 skpaenscompanies is were fod the majority of that is green field. Were seeing new bills are far better thats the unique balance about our story today that were looking forward to telling investors about over the next year all right thank you for joining us thanks. Thanks for that great interview. Our experts are ready to answer your questions next on halftime. To reach us just go to cnbc. Com halftime or tweet us. Were back in twmite o nus. music anncr give customers access to precisely what they want, when they need it the most. With adyen, the payments platform that delivers convenience for all. Adyen. Business. Not boundaries. The xfinity voiceremote will find exactly that. Happy stuff. If the groups happy, im happy. You can even say a famous movie quote and it will know the right movie. Circle of trust, greg. Relax the needles are jumping. You can learn something new any time. Education. And if youre not sure what youre looking for, say. Surprise me. Just ask what can i say . To find more of what you love with the xfinity voice remote. Welcome back the traders are answering your questions. First up a question for stephanie from eva in philadelphia says im a young long Term Investor in microsofts i want to trim a bit to capture gains. How do i go about picking a time and or price to do this . Thats a tough question it all depends on your position size and your time frame if youre taking profit, you never have to apologize for doing that thats a great win i just think this is a name you want to have as a core position because they dominate in pcs they are gaining sharing cloud they have 61 constant growth last year in azure last year they have good brands and teams and linkedin i wouldnt sell too much but i have no problem taking a gain if you have it. Next up for josh brown. Whats your view on shake shack. Thats jim from marin. Hes asking. My view of shake shake is its delicious its a great opportunity shut up, jon i think theres a great opportunity there. Its a 2. 3 billion total enterprise value but a brand with recognition globally in the most cosmopolitan cities around the world. I think it will grow into that Brand Recognition and be much bigger down the road im a long term shareholder here this one is for you, john as you chuckle about shake shack. This is from twitter on twitter, tesla, is there still room to run at this point. It is elon musk has waved the magic wand and its worked they have exceeded expectations. I think it continues to go higher as i said yesterday, i sold those 1300 calls out in august i was happy to do it there you go. Michael. Richard in california asks should i give up my cedar fair entertainment position holding and buy disney instead should i hold onto both for long Term Investment . What do you think . Richard, i tend to be more conservative so the cedar fair is a pure play amusement park. I think it has a longer road back i like disney. I like disney with espn, with hulu, with disney plus i think its a more diversified business i think you probably getting into 2025, well get back to that 7 a Year Growth Rate over that period. I like disney. Its a safer way to go all right those trades for you thank you very much for weighing in we have more trades straight ahead, including unusual activity thats jons latest trades based on moves hes sighing inseeing Options Market ike walking into the Chocolate Factory and you won a golden ticket. All of these are face masks. This looks like a bottle of vodka. But when we first got these, we were like whoa [laughing] my threeyearold, when we get a box delivered, screams mommys work mommys work. With this pandemic, safety is even more important to make sure we go home safe every single day. 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. Welcome back to the Halftime Report. Its time for futures outlook. Its been volatile after all three agencies kicked off strongly in the green, but does this rally still have legs lets bring in jim murio of tv sfr services jim, i have to wonder if youre a little bit cautious of whats going on, or is it all firing on all cylinders . No, im always a little bit cautious what this market is hoping for is the news following in the next week or so is the virus is good hope is a strategy, but its just not a very good one ive been consistent on this for three months, is that the Federal Reserve and the federal government were beyond all in in trying to, you could say, support the economy if you want, but supporting asset prices was definitely an offshoot of that so heres the trade im looking at first, and that is s p right now 31. 62 with a target of 3187 on the upside with a stop of 3147 weve seen cases skyrocket, but at the same time weve seen daily fatalities go down so the market is looking at this data just like everyone else and holding its breath that theres no shoe to drop coming up in the next couple days but so far its been steady. One thing we do know is about that setback involvement you have your stop in there which is the way youre going to protect yourself against a real cataclysmic downside what, then, do you fear . What takes us to that stop level . In the very, very near term, talk of shutdowns again. Remember last week we had a lot of different rhetoric about shutdowns and renewed shutdowns. This week we havent heard many of those and thats good news, too. If that comes out and the governor starts talking about that, we can trade down. This is a relatively shortterm trade. For medium and longterm trade, i trade similar to this, but we shouldnt have to worry about shortterm trading too much. Johns latest moves in unusual activity thats straight ahead. Plus we have your final trades as well. Halftime is back right after this if youve had the coronavirus, youve got a lot of fight in you. And youre in a special position to help us fight back. The plasma in your blood can literally save lives. But we need to act fast. Please donate plasma now. Please donate. Donate. Donate. Donate now. You fought for your life. Now lets take the fight to covid19. Go to the fight is in us dot org to find out how to donate. This virus is testing all of us. And its testing the people on the front lines of this fight most of all. So abbott is getting new tests into their hands, delivering the critical results they need. And until this fight is over, we. Will. Never. Quit. Because they never quit. In a highly capable lexus suv at the golden opportunity sales event. Lease the 2020 nx 300 for 339 a month for 36 months. Experience amazing at your lexus dealer. Experience amazing 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. Welcome back macys shares are down 25 in just the last month, but options traders are shopping around for a rebound in the stock john, what are you seeing . Well, dom, youre absolutely right, and barrons noted that amazon could or should, according to who wrote the article, make a run at macys. Now, with the stock a dollar underneath the strike, they were buying the 7. 50 calls, dom, and they bought them on a july 4 expiration they bought these really quick, dom. I joined them. I like the idea that i have literally two full weeks to be in these, so i bought those today. So thats macys going to those calls. Michael farr, what do you think about the macys trade not with my money, dom. Not with my money. This is a speculative trade. Youve got a dividend here of 22 , for gods sakes this is nuts and bolts, brick and mortar fundamental retailer. No better places to go where you at least are going to have a good chance of a return of principle over time. Thats a trade on macys. We have an actual debate, a buyer and a seller there for sure thats macys. Lets get to some final trades because weve got some time to go over them here. Stephanie link, your final trade today. My final trade is lam research ive owned it for a while but i do think this is a play on the dlam recovery they are a great management team, good Balance Sheet and not a chief stock at 20 times, but i think those earnings are at depressed level. So i expect a nice recovery. Thats stephanie link with lam. Bruce, what do you think whats your final trade . Just reiterating, im on uber uber is the trade there john dejerion, whats your final trade . Dom, im going with momo. Its a chinese platform. I also had Energy Transfer both of these had unusual activity in them today, dom, so et and momo. I like both of them. Theyre shortterm trades but i like the upside potential. Michael farr, finally to you. What do you think for a final trade today . I like valmont. This is one i mentioned as a final trade before, weve talked about it before. It benefits from infrastructure. Any sort of infrastructure bill, this company is well poised. 1. 5 dividend, 200 stock. Its op pportunistic. Thats Halftime Report for today. The exchange begins with kelly evans right now. Netflix, chipotle, amazon, facebook sound familiar is th theyre the names hitting alltime highs every day tesla is in 45 in cessation plus the social media giants are taking a stand in hong kong, but are they on a collision course with the worlds biggest consumer market, china were going to look at how this could impact their botto