With so many investors now jammed into the same stocks, could this be part of a bigger shift. Your Investment Committee to help you knanavigate through alo this all right. Before we get to everybodys thoughts and insights and ideas, lets get a check on this market at this hour as you can see kind of like this time yesterday, we have the dow higher the dow is up 400 yesterday before sliding toward tend of the session. Were up 300 points today. Basically getting back to exactly where we were at this time 24 hours. The s p is up slightly the russell, the small cap up. Look at the nasdaq, only one of the four in the red here kate moore, you are big picture, macro thematic youve seen this befor especially on a tuesday seems to be bad for technology. Either way, do you believe that this is the beginning of this rotation that everybody kind of keeps hinting at about out of technology taking the profits, into other things or a one day thing because its got to happen some time . I think we can all agree that technology is incredibly well loved and well owned sector. Any time you have this much sort of aggressive positioning in one sector it will be prone to these short term reversals one of the big debates in the market is between growth and value. Whether the technology and Growth Stocks really are going to have to see leadership to value and more cyclicals in my view, thats not going to happen in the near term. We may get the short rotations but in order for a sustained value or cyclical leadership, were going to need to have a much better growth environment and we still are battling reopenings and return to Economic Activity and return to normal and until we can have a significant and sustained acceleration in the economic picture, i have to say i think growth and some of these Technology Companies are going to be the ones putting up the better revenue numbers for the foreseeable quarters josh brown, we hear the word normal a lot normalization, return to normalcy what is normal look like to you and your team when it comes to the economy, to work what do you see in that term i think people are dreaming stock mashlgtrket away from technology now were starting to see this level off in Consumer Confidence were starting to see some of that acceleratiexhilaration stae out. Its happen ng ting in the data. Its happening in different stock sectors. I think youll only have to pick out these two quotes from the two largest banks in america to truly understand whats about to hits the stock market and sentiment. The first one, i picked out, this is from the cfo of jpmorgan they did a good job, which im sure we will address id say in First Quarter we were looking at a deep but short lived downturn we were focusing on the most impacted sector. Now were looking at a protracted downturn and reserved for a much more broad base now its not for the large banks. Theyre saying its every one. Thats why you saw them take another 9 billion and push it into their reserves against future losses. A lot of that is the consumer but also commercial real estate and et cetera. Wells fargo ceo, there remains great uncertainty but our economic assumptions have changed significantly since last quarter. They are already saying from last quarter to now, things have deteriorated thats kwhawhats happening in economy. Los angeles told you schools arent going to reopen in the fall thats an economic daisaster. San diego telling you the sameg saying it in texas people cant go back t it home,n school i very much feel all the lights are now flashing yellow. Wake up. Dthere was a guest on squawk alley that said if my workers kids dont go to school, they cant come to work because its not like they have child care handy. It will be an economic tough situation. Stephanie, it was a bank of america fund manager survey. It has a lot to do with technology stocks. Lets forget that for a second i thought it got less attention but maybe more important to joshs point is only 14 of the Fund Managers surveyed by bank of america said they now expect a v shaped recovery. What do you think . I think up until now you have seen a v shape recovery in you look at housing and the pmis and the new orders within the pmis one of the comments that jamie dimond made is autos were at all time records there are consumers spending and buying the question is what does the reopenings and then the closures, does that cut off the momentum that we have been seeing i think it probably does lets listen to what the company vs to say. I was a little alarmed about what the delta ceo said about what he said in terms of demand at the end of the quarter. I think the airlines are in a worltd world of hurt. Well get more stimulus coming m2 is up 25 year over year. You do not fight that. Risk assets out perform when you have this kind of liliquidity. I think youll see the markets out perform. The delta comments were not ideal. The reality for the airlines is this, michael. I dont think people are afraid to fly i think its theres nowhere to go were not traveling for work nothing is open. Unless you have driven somewhere and had the fly home maybe from the midwest on sunday or going to visit somebody you really need to see, not a lot of reason to get on that plane right now does that reflect more the consumer or on the state of the airlines to you . Certainly the state of the consumer is going to have an effect on the airlines i mean were still seeing consumers with artificial spending power the unemployed are still getting these 600 a week from the cares act. Looks like that will be extended we have people staying home because they are making more money at home than if they went to work. You got to Pay Attention to the consumer as josh points out, the economy, a lot of the numbers are not in good shape a lot of the jobs arent going to come back quickly if that money ends those consumers dont have the discretionary money to spend consumers are willing to spend, driver the numbers a little bit higher but the key here is, i think, with all due respect, Milton Friedman got one thing wrong opinion inflation isnt always and everywhere a monetary phenomenon unless it creates demand we dont have more demand without a stronger consumer. We dont have it without stronger jobs. This is a long road. I share joshs caution it is a very bizarre economy. We look at the market. Its not my opinion. Look at the stock market today and in recent. You heard stephanie talk about auto sales being near record highs. Auto dealers that we have talked to, on and off air, have reported that. If youre lucky enough to have a job for stable income, you probably saved a lot of money. Youre not going to eat and travel car max, up. Ford up nearly 4 today. The travel stocks are down youre going to treat yourself to the things at home. Maybe a new car maybe a new boat, maybe a new boek if you can afford it. The reality is what were doing is right now is theres stimulus out there thats buying us time. We already got a check market. You can call it a v shape or a check market we had an incredible recovery. We have bought time and what i mean by that is all that stimulus, we are buying time we are buying time for vaccine we could see it almost every single day when theres positive news out there whether its j and j or pfizer, the markets react to that the stocks will respond as well in terms of the travel and leisure, casinos all those types of names that get beat up if we cant find our way out of this whole thing. Theres a lot going on we had an incredible number. Stephanie brings up some great points as well a lot of that will get taken care of if and when we do get these vaccines theres a lot of hope out there. When we get are you taking vaccine the first lets say a vaccine becomes available in minnesota are you first in line to get this unproven, rapidly tested and pushed through the process are you first in line to get this vaccine im probably not the first in line but at some point in time id be in line because it would allow me then to move forward and do things that im not able to do now. My wife has lyme disease her immune system does not give her a very good chance if we were to get coronavirus inside the house. The fact there is something out there, when we get something out there, id be in line. I might not be first because im not in a huge hurry right now. At some point in time, wefr got to get back to some form of normalcy i think they will be a lot of people in line whether they are the athletes, the fans all sorts of people that want to get back to work there are reasons to get back to work even though they might be getting this payment, they can make more money when they get back to work thats what people are looking forward to pete, i agree with you completely its an Economic Disaster to joshs point as well look at the headlines we just had. This is market discussion as well philadelphia may cancel large Public Events through february of 2021. Philadelphia learned the hard way in 1918 with the parade that spread the spanish flu if we see more cities and states, this is no longer bend the curve, we may be shut down for months if not through early 2021 at what point do we acknowledge thats a risk. Visavis, the stock market and buy some protection somewhere. I think you can bring up a lot of different points. You can talk about the big ten football, Ivy League Football and the sports and the reaction of what theyll have to do if things start to go the wrong way for them this is not an easy process. The stimulus has allowed this to be something where people can have time. Were buying time. When we bought this time, take a look at some of the different areas of the market. We will see a will the of these companies that are Big Companies now that nobody even heard of five or six months ago they will become much more like staples Going Forward. We have reached back and told them years forward in terms of where we are we know about technology we know about the semiconductors and how much a lot of that will have to do with how we come out of this. Theres a lot of different levers to pull to get us to the next level we all see it each and every day. We see the zoom calls. We see the team calls. We see all of these Different Things that will become something far more normal even in the future when we do get a vaccine. Two things, pete. Fix your tv. Your face looks like a manet not monet. Showing my knowledge somehow i have a kindergartener. I dont know how that happened but i know zoom learning is not going to work for him. Lets shift gears. The big banks, they are in focus. They are kicking off the big bank results i said results not earnings, stephanie. Wells fargo posting its First Quarterly loss in a decade the three biggies we mentioned, they set aside a stunning 28 billion for loan losses. Are you a owner . Are you a seller or buyer . I do own wells fargo. It was atrocious jpmorgan was great they have a very big operation in that segment of the market which is very opposite of wells fargo. Wells fargo misses on every single thing revenues, expenses, reserve. They cut the dividend. I expected them to cut about 50 . They cut 80 they were forced to by the fed i get that the question is now is it kitchen sinked they took about an 8. 4 billion number did they get more conservative and are they preparing for the future the one thing they did say is theres a ton of costs that have to come out of the company i think they are talking about 10,000 layoffs upcoming. There you go. Theres a lot they can do and so im staying with it youre going to stay with it. The stock is down 51 so far this year. Kate moore, from a broad perspective, the financials, the xlf is up today. We got to differentiate sometimes. Jpmorgan, thats a Trading Company in many ways wells fargo, you get your mortgage and put your money in their banks. There are winners and losers in every sector and industry. The winners from an investment perspective can separate the weak this wasaccelerated over the la four months. If you have the Business Model if management is making the right decisions you are pulling ahead. We see these companies that dont have the software. Number one, is companies talking about the overall cost strategy. I think it will be a big focus and who wins and loses coming out of earnings. The second is going to be around their labor market strategy. What are they doing for the work force . Are they evolving their Business Model . I think a third thing focus on is around capex plans. Where are Companies Pulling back spending michael, kate talking about these job losses you heard wells fargo. Maybe the jobs are gone for a long, long time. Are there any banks that you like or that you own more than others yes there are some that i do like. I like those with more regional businesses im also watching whats going on with the banks. Those banks with earnings are getting a lot of trading earnings they are getting thick earnings. They are getting the transitory earnings that wall street doesnt give as much weighting to the other change at wells fargo was last week might have been the week before, they you have to have a Million Dollars in deposit to get a jumbo loan at wells fargo. Used to be 250,000 that means those loans are getting harder to get and wells fargo is being more cautious in putting money out and lending it you have the fed that wants to get money out in the system and then you have the banks going wait a minute, we have Balance Sheet issues we may have some bad loans coming at us we know youve got our back but we have some concerns here and were going to be more conservative about our lending theres a bit of a friction going on that i think will show up in earnings perspectively josh brown, your take michael nails it. Youll see tighter credit no matter which way you slice it coming from the largest lending institutions and thats a big overnight change over from when the spigets we the Payroll Protection Program is now at the point where a lot of these employers, five million businesses that borrowed money through the program, they have gotten through the forgiveness period already they kept enough employee os on payroll to have the loan forgiven once they get through that and the stores are still closes, restaurants are still closed and revenues muted they say weve got the loan forgiven i cant keep all these people. Thats first starting to happen now. Youll see the effects in the july unemployment report on the first friday in august we know that congress and the president both want to extend the Unemployment Benefits that are special for this crisis. Is it still 600 are they going to let it ride into year end. Last thing is, five million americans have been kicked off their Health Insurance since this crisis began. If you believe the rebound we have seen in Consumer Spending from an ultra ridiculously low level up to where we have seen now is indicative of a strong recovery, you are dreaming we are nowhere near where we were in the consumer economy absent a few categories that we have to put aside. People buying boats and bicyc s bicycles thats great you going to buy another boat next month, another bicycle . I dont think. I would not get overly excited about the bounce off the lows. It was an extraordinary circumstance the comps were great from april into may youre not getting another version of that july into august its just not going to happen. Very by bifercated economy. Now to the airlines and delta shares they are under pressure after posting its lowest Second Quarter revenue since the 1980s. Phil has more on their quarter and their outlook. The outlook is dice si to a certain extent its not going backwardsbut its not growing the way ceo expected it to lets run down some of the numbers when you look at what happened in the Second Quarter a pretext loss of 3. 9 billion expenses related to the covid19 pandemic, 3. 2 billion. Liquidity stands at under 16. 2 they still have a long ways to go this is all about cash. Protecting the Balance Sheet raising as much cash as we can knowing it will be a difficult winter the next 12 to 18 months its important to have a cash reserve. For delta and the airlines reducing the cash burn, while it was a difficult quarter for us in this companys history. 27 million a day thats the cash burn right now thats a big improvement to where it was in march when it was 100 billion a day the goal, getting down to 0 by the end of the year. Take a look at the other Airline Stocks all of them, for the most part, have been under pressure today you look at these passenger levels, they are down 73 . The airlines, well they were hoping to get more of a bounce in july and august that is somewhat muted as we see the passenger levels plateau a bit. Boeing reporting june orders and deliveries once again the monthly orders are not anything spectacular they are downright ugly. Year to date, the orders are negative 784 it may be a while before we start to see the numbers trend positive we have five or six customers who cancelled their orders in the month of june. Thats not surprising given the fact what were seeing of the Global Airline business. I want to get to pete i got to ask you a follow up if you lever a car in a garage for a year oar two and dont run it, things go wrong. Wefr ta is there a bull case maybe for boeing in a sense that if a plane sits idle for a couple of years, maybe you buy a new one because its so expensive to maintain the old one in. Its less about the maintenance. The fact that the max, once its certified and approved, thats far more fuel efficient and more Cost Effective plane than an old 737. While the older one may be paid off or you may a slight lower payment, in terms of running an airline and you want to get maximum efficiency, you want the max. Thats why they see a number of their customers. Southwest hasnt cancelled any of its orders. Who knows how long this will last whether its a year or two. You bought boeing today are you buying into that bull thesis the numbers were awful. We got the deliveries. We got the cancellations all that is out there. Now we got to look forward maybe there is something to be said for southwest not cancelling orders. Maybe theres something to be said for the max and folks being very aggressively still wanting it when the time is right. I can tell you this, they were buying some options today that they are right near where it was now. They are buying the 180 strike they are buying the 180s that expire on the 24th of july really short term. Sort of expecting maybe a little bit of a pop on the stock. Maybe well see that maybe we wont it is interesting to see because they bought 8,000 of these they bought them for an extreme amount of premium. This does tell you that something has some conviction out there that maybe theres a bit of upside in the short term. Then well have to see Going Forward how many cancellations next quarter and the rest of it that we all look forward to. Right now, that bad news is baked in and the stock is holding up pretty well all right pete, thank you very much. Kate, we got to let you go you have a day job thank you for joining us appreciate it. See you soon next, there are calls on the street out on visa and mastercard well discuss and debate those and as a reminder, if you are going somewhere, youre going to need or want the cnbc app. Check it out the dow is up 300 points halftime is back right after is th experience the adventure of a bigger world 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. Welcome back lets get some of the headlines outside of world of money and business lets go to sue. Good to see you thanks so much here is whats happening at this hour moderna says it expects to start phase three trials of its covid19 vaccine on july 27th. The tests will be conducted at 87 locations across the country. A small study shows immunity to the coronavirus may only last a few months it found only 1 in 6 people had significant amount of antibodies 675 da 65 days after first sign of symptoms the study has not been Peer Reviewed florida officials reporting 132 new deaths the highest single day report so far. If miami theres long lines for coronavirus testing even as in confirmed cases fell sharply the Positivity Rate soared above 15 . Take a look at this. Thats something you dont see very often a cow in a police station. It happened in queensland, austral australia. The suspect cow left after she was told to mooove along you knew that was coming they told her to hoof it that was i wont say dad joke that was the oat milk of jokes it exists but its not the real thing. Oh, god i do love you for it. Love you too. Good to see you. I have no i got no beef with that kind of humor. Some bullish calls lets get back to the markets and get away from this visa and mastercard initiated buy at goldman sachs. Josh, you own mathsstercard got to like that call. This is like one of those things that maybe i shouldnt be saying the banks, the financials, the tech, the this i think the sector misclassifications when it comes to Something Like visa and mastercard if you were to include these stocks in Financial Sector, the Financial Sector would look much better they are Financial Companies throw in paypal, throw in square they get classified add technology for some bizarre reason this year with contactless payment, what they call card not present transactions have exploded theres a cash shortage. Walmart asked its customers to stop using cash because they dont have enough coins to give you back for change. Not to mention the fact its filthy the total address of a market is a call in this mastercard note were probably two years ahead of where we would have been prior to the pandemic. You see that reflected in the stock price of things like paypal and visa. This is secular. I think the pandemic helped accelerate the trend people will increasingly use cards, increasingly not use cash again, i think this is just been a wonderful place to be. I wish these stocks were classified correctly it would make the Financial Sector much more competitive with the rest of the s p 500 fair to say the call is reclassify those names. Good stuff see you in a bit the biggest winners since the march low. I got to imagine these are not like microcap stocks that went from one cent to five cents. These are big names. They are. These are some massive moves and represent the top 30 stocks. They have all jumped anywhere from 83 to 190 taking the top spot. These days around 13 bucks share. Freeport, a similar price and up lowes has been on the run ebay up triple digits since march. Theres a lot of ail and Energy Companies on this list right up your alley. Thats up 17 or represents 17 of the Group Health Care companies represent 17 of this group. Industrials 14 and Communication Service was the least represented with just one name and that would be viacom which is up 110 from march lows not bad for just about last place. More context on the entire list. You can head to the cnbc website. Thank you lets trade it now stephanie, you own a few of these names. Youve done well owe held on or maybe added to more which one of that list do you still love or are you adding to any of them in. I would add to all of them except the paypal position while i love it and im a big believer in the name, it went from 31 times forward to 50 times forward. I get they have a 5 billion tam. Thats very exciting a lot of good news the priced in there. I own freeport ive been adding to that one thats a copper price proxy but they have done a good job of cutting costs and keeping that Balance Sheet contained. I like that name copper prices are up about 25 from the march low the stock has done quite a bit better than that Stanley Black and decker i think thats a great idea. Its still down double digits. They have done a good job in terms of restructuring its do it yourself. You kind of get a two way play dr horton, i like it a lot its one of the best Home Builders out there nvidia, i like it is trading at 50 times forward. Theyre in all the right spots thank you. Straight ahead, the hunt, not for red october, but for yield. Well get some dividend plays from our traders, next lets get a check on the s p sectors as we head to break where the dow is up 300 points a lot of green on the screen every single sector is up but one. Not Energy Energy actually leading the way. Have an Opec Technical Committee meeting tomorrow they could reduce production cuts by two Million Barrels a day. Energyut o performing today. Were back right after this. Hatt 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 in a highlyconnected lexus vehicle at the golden opportunity sales event. Lease the 2020 es 350 for 359 a month for 36 months. Experience amazing at your lexus dealer. All right. Welcome back with Many Companies suspending their dividends, stocks that are maintaining that pay out could become more valuable than ever especially for those looking for dividend income. Frank holland is here. They have done some search for yields what have you uncovered . First we have to touch on the fact that s p earnings, their forecast fall by more than a third in q3. Dividend return has exceeded price return on the s p 500 during a recession, like the one were in now were looking at stocks with dividend above 3 . A buy rating from evercore isi gilead said on friday this co d covid19 treatment showed a reduction in mortality over standard treatment both companies maintaining their dividend last month. Industrial names, catcat caterpillar and conoco phillips. These stocks are not on the everycore isi list but with a dividend over 3. 5 for more, go to the cnbc prosection ov of our website. Back over the you. Thank you very much. Lets trade that what is your dividend pick for our viewers. Ive got a couple of them i like pepsi its a safe name its performed well. The snack food business is executed well. 190 billion in market cap the new ceo doing a good job 3 dividend, youve got a. 6 of a yields you make 3 while you own pepsi. I like raytheon, too its been a more controversial name pepsi is trading high in its historic scale raytheon, the merger is still working through. 15 times earnings. 3. 2 dividend. That industry is not dead. I think both of those make good sense. All right pete, what say you well, i go to the pharmaceuticals which i have owned for a long time. I like both of them. If im going to pick one over the other, id have to go with pzizer you may this has not moved a lot since 2013 the reality is if im getting 4. 3 to sit and hold this stock and about four times a year i can sell enough premium to collect another 5 off of that when ever i own a stock, im going to be selling a call to try to create more yield about four or five times a year i can sell options that give me an opportunity to take in that much more premium. Ill do it i love the Free Cash Flow yield of about 7 . This is great name they have an unbelievable pipeline you look at phase two and phase three, they have almost 58 drugs right now and we know they are working on coronavirus treatment as well. I like this name a lot when you look at the yield, its not just the yield, its the created yield you can use as well i like the pick i always like you have proven einstein wrong youre live on the air but somehow you have yesterdays show playing behind you. Its like this Stephen Hawking time Space Continuum look at the guy behind you hosting the show unbelievable who is that guy stephanie, what do you think . I was going to say coke i was going to say coke because i do like that stock its down 18 on the year. This is not play on the quartzer i think the quarter will be really sloppy. This is a 3. 7 dividend yield and they have 17. 6 billion in cash that dividend is safe. They have good Product Innovation and a pretty good ceo who has done a good job. I give you one other one, ups is a 3. 5 dividend yield. It trades it 15 times forward estimate b to b is what is plagued with the tok. Its why the stock has lagged year to date i think youll see a nice recovery as we reopen. Mr. Brown i would say dont buy a stock because of its dividend yield. Its a nice feature. It falls into a category of shareholder yield. Stephanie is right whether or not theres good dividend coverage. Buybacks are more efficient for you. A lot of times its fan of yield. If you look at a quote on wells far gee, its saying a trailing 12 month yield of 8 we know theyre not going to pay that they just slashed their dividend by 80 the dividend sounded really good and now its gone. We see that all the time that being said, verizon has excellent coverage of its dividend its a 4. 5 yield. 50 coverage which is well in excess you would need to see to feel comfortable they will be able to pay that. This is effectively a utility. With the upside of capital gape. Its a total return thing that you want to consider thats how ei think about verizon. Its my favorite name. I own it some good picks there we are not anywhere near being done your experts will answer your questions coming up next in ask halftime you can always reach us or tweet at the show or hashtag hit us up on myspace whatever it is were back in two minutes. 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. Time for traders to answer some of your questions stephanie, let us begin with you. Your thoughts on under armour at these levels the stock stil extremelily expensivexpensive. If you believe they can fix this company and turn it around then there is a lot of earnings power. Thats how you have to look at it i bought any knike back in marce it fell 25 . This is not the stock you want to own in this environment next up, josh she says would you rather buy the i shares bio tech index or the nasdaq index not to be a cop out but the way i structured my investment is to own both i own them in equal amounts. Ibb will do better in a run away bull market for bio tech its biassed toward the Large Companies which we would assume would pick up the most market cap. The other one should do better in a more nuanced environment. There isnt quite add much moment to the space. I own both in equal amounts. Thats what i would say. Josh, thank you finally, michael from monica in california do you hold, sell ross stores . Ross stores, i think i probably hold to sell somewhere in there i think theyve got a challenging environment Going Forward still trying to open Stores Selling to a lower end consumer who will be to be challenged for income and spending dollars im to a hold or a sell there. I still have a position. Its not a big one ive trimmed that already. Good stuff there. Thank you, all weve got more trades for you, including petes unusual activity coming up, as well as your final trades. The dow up 300 were back after this. 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 to halftime. It is time now for futures outlook and were joined by scott indexes of indexes nation. Scott, whats your best trade right now . Slowly weve seen a giant rally to tech. I look at tesla, nikola, amazon. If theyre going to lead the way up, you have to think theyll lead the way back down i like a great product for traders, and theyre going to list options on those futures. Theyre going to list those august 1st the reason i mention the problems with china right now, i think were going to have a brief pullback im going to sell the september contract in the futures so that 3150 on a little stop in my stop is just below yesterdays high target is 3010, 3,010. The beauty of these micro minis is we can trade these in a wider range. It could be a blistering pullback as leaders lead the way down scott nations, nations indexes. Scott, thank you very much coming up, your unusual activity a yr nandoufil trades, thats next. Experience the adventure of a bigger world in a highly capable lexus suv. At the golden opportunity sales event. Get zero percent financing on all 2020 lexus models. Experience amazing at your lexus dealer. Its like 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. 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. Welcome back alibaba had a big year it seems traders may be expecting for upside what are you seeing . Theyre going all the way to the last week in august here, brian. Theyre buying about 750 of the 250 calls. It was just trading over 270 not long ago ive got a second one for you. St microelectronics. This one is interesting because yesterday they bought about 10,000 calls and today they came back and bought the exact same august 35 calls. Theyre trading for 9. 30. Somebody telling us they think this stock has an upside coming in the very short term lets get the final trade stephanie link paycheck, 3 to 4 dividend yield. Josh . Jpm, quality matters. Pete . Im going to go with nat, nordic american tankers. This stock, i think, has some upside Michael Goldman sachs if you like j. P. Morgans earnings, youll like goldman sachs, and i own it long term. Thank you very much that does it for us. The exchange with john fortt begins right now see you tomorrow thank you, brian im john fortt in for kelly evans. The morning averages clawing back from morning lows, but is this only coming because washington is promising more free money and the testing fiasco across america new data showing some result