A lot to get to and discuss, everybody. Right now, though, a quick check on the markets because theyre higher across the board. The bottom right of the screen and come off the highs, the dow above 27,000 for the First Time Since june 10th on an intraday basis. S p 500 less than 5 from its alltime highs up nearly 50 from the march lows. 28 members of that index hitting a new 52week or alltime high and a cramer favorite stock, mccormick. The nasdaq is negative again there is a lot to discuss. Joe, we are off the highs. You can address that but also this the vaccines plural getting all the attention as they should. It only concerns, you know, all of humanity. But did Goldman Sachs numbers have anything to do with the earlier market strength . I think most of the early gains that we witnessed this morning you can credit to the vaccine optimism i do think, brian, that the Strong Performance from financials in the last couple of days, whether it be jpmorgan or a Goldman Sachs this morning, that has lended a little bit of desire to go back into some of the value names that had not been working previously but what we are dealing with today is very clearly the stayathome trade is the dominant trade for today. The rather the back to normal trade is the dominant trade. The stayathome trade is losing some of the momentum clearly in the marketplace and because of the significant market cap weighting in that stayathome trade, whether it be amazon or some of the other nasdaq high fliers, thats kind of pulling down the market here a little bit. Do i think its a dramatic reversal that began the other day . Its going to signal the end of that stayathome trade . No i dont believe that it is but i just think its creating a scenario where because you have got the cruise lines and the leisure stocks and the casinos rising on the optimism of a back to normal you are seeing money reallocate and weighing on the stayathome nasdaq trade. Thats it steven, two things to discuss. The reversal like monday on the headlines about the Los Angeles School districts closed. I havent seen headlines like that maybe the market knows something i dont. We need to come up with i guess a new acronym. Work from home work from office is this that rotation that joe was talking about . We have seen these mini rotations over the past few months where technology or Growth Stocks sort of take a breather, trade down a little bit and socalled value stocks pick up the slack but ill continue to suggest that value is a misnomer for those names. I dont see value in airlines, in hotels, in restaurants, in industrials. The economy is punk. Thats the only way to say it. It wont come back for quite sometime and theres no value in an airline thats completely upside down financially and is not seeing anybody on board. As they travel so their costs are going to kill them now, in terms of the overall market, look we are in a trading range, continue to be in a trading range. We hit the upper end of it and now pulling back i think todays action, the selloff contribute to pompeos comments of china and the increasing dialogue thats really turning antagonistic with china, one of our largest trading partners and will continue and what we saw with the vaccine is that its covered up some of those problems, some of those headlines and thats the reality. I think you still got to be cautious and not advocating taking major exposure off. Im finding opportunity in other names to balance out the portfolio but we are in trade range. Period thats the end of it Technology Growth will come back values not sustainable here at these levels. These are good points, brenda we talked for two years about a trade war precovid. Thats kind of still going on. We have u. S. Military assets moving to the South China Sea because we dont like what theyre doing with oil and gas there, as well there are a lot of underlying problems that may or may not have anything to do with covid. Thats right although i will say i think covid still remains the biggest risk here in the market, especially risk to our overall economy. In terms of slowing some of the momentum we saw in may and june. But i think the one thing that not many people are talking about that is important is that even though the fundamentals might start to deteriorate from here from the economic standpoint there is a lot of cash on the sidelines. Theres a report a few weeks ago showing that more than 50 of the value of the market capitalization of u. S. Stock market is sitting in money market funds both institutional and retail given the severity of the situation here with covid, we have a lot of people that raised cash and are probably sitting on a lot more cash than they are comfortable with and looking for a spot to reinvest that so i think to the extent of volatility here in the market relating to the Disease State and as it relates to Foreign Relations that we could serve to stem some of that volatility as that money finds its way back boo the equity market and given where bond yields are, safe bond yields, it really is one of the only alternatives thats going to earn something more than the rate of inflation. But i also think that earnings estimates as we have seen, it is very early in the season here, you by estimates are pretty low this quarter we were dealing with a situation where there was no guidance from anybody because no one knew how bad things could be and no reason to get really aggressive with estimates and seen them come down ahead of earnings season and i think likely to see an earnings season where things arent as bad as everybody thought. Yeah. It could help support the equity market. I dont know if you got an advanced look at my show tomorrow morning but the rbi is about the cash on the sidelines. You blew the rbi i have to come up with a new one because its a good point. Sorry. Kevin, it is a great point. Ill give it away now. Kevin, i like you. Theres 5 trillion in cash. The market cap of apple, microsoft and google combined sitting on the sidelines right now. Will that ever get back in the game sort to speak are you seeing inflows of those shares it will i am well aware of what that cash is doing. Yes, oshares doubled the aum just last six months as a result of people trying to find that special magic number of 6 i dont care if youre a Financial Institution or a family trying to get by off the investments because you are in retirement thats between 5 and 7 Cash Distribution yields and what has occurred over six months and the whole bond ladder of government bonds has gone away as an option you cant invest in a 30year bond and make less than 200 basis points without taking huge Duration Risk and inflation risk and as a result that cash which continues to build up is going to have to find a way to get a 2. 8 return and then find quality Balance Sheets in think sector you wish to pick that can give you two things protection against inflation when it does come and i think after sprinkling 7 trillion of aid on an economy of a helicopter well see inflation and you want protection and generally the s p can give you that lastly, that 5 to 7 that you are looking for. You get days like today when sectors that are severely impaired like financials have a run, it is an opportunity to reduce exposure to that and if you say to me, well, is the stayathome trade over . I dont call it that anymore i call it america 2. 0 efficiency digitization im betting that the s p will enhance the margins by 4 over 2 years cutting back on the inefficiency that it used to have with too many people working in an office or not selling direct to a customer that is going away with digitization and that trade remains intact and overweight that anything to help me digitize america im long anything of the legacy stuff like the utilities or banks i dont want to own those right now. They have to go through a complete mark to market realization of asets that have been impaired maybe permanently. These are all points. Listen. Theres only 3,600 in the wilshire 5,000 because theres not enough stock to name the 5,000 names. Maybe the biggest bull case of all is boring. It is just that you have a lot of money global, manufactured, printed or whatever to chase fewer assets long term. I think thats a big part of it we have seen how much money is printed, how much stimulus we have and further to get and i think we are at a period at least when you compare it to two months ago that potentially we are going to see a vaccine and we have got multiple players doing it what does that mean to the economy . You have to take it in a diversified place. If this stays the way it is, then, quote the stayathome stocks do well, but theres a combination of that and you have to look and see where the next growth rate will be and whats going to do well and not and a lot of businesses that arent going to represent what they were just six months ago but thats kind of where we have to look at and if you look at where inflation is going to be and purchasing power is going to be, you have a bar bell strategy i believe in the value side. If you look at the industrials and financials theyre valued but you have to be picking and not just buy the xlf, the whole industry its going to be specific. Thats where capital will flow and then investors will do well making sure that theyre allocated to the right stocks. Well get to goldman later. Your point is well proven. Joe, i want to get a final comment before individual names. Goldman sachs out with a note today saying they expect 6 analyzed gain for the s p 500 for the next 10 years. That sounds okay its a little below historical and down from the previous forecast if our viewers or your clients or friends believe that note, is that enough of a hook, of a lure to keep them invested in equities should they look to real estate or Something Else . Theres been much written in the past six months about the death for the 60 40 portfolio. Why . Because of bond yields at historically low levels and the potential that we will not be able to achieve an analyzed expected return around 6 . So david costons note is the outlier in the minority thinking looking forward you will be able to achieve that 6 i think it is going to lead to an environment where active managers will once again become favored. I think passive investing will have to take a step back in that environment. I heard the word used by sarat of diversification and clearlya utilized not only domestically but going to the emerging markets and thinking of equity size class so i think it would be very challenged and i think the expectation is a 6 annual return will be difficult to achieve and thats why i foresee the markets becoming far more active. Okay. Good stuff there we can discuss the note another day and now individual moves in this market. Stephen, start with you. A few months ago we talked about used car markets going nuts. If you can afford a car you will buy one because you dont want to be on mass transit trying to isolate yourself is that part of the reason you bought the automaker stocks . Thats one of the small reasons. I have wanted more exposure away from just my technology and my growth names these seemed, ford and gm, reasonable candidates because of used car prices, because you have tremendous demand constraint in the early days of covid and Car Companies cut back their production schedules inventorys very, very tight they wont have to give as many concessions that they have in the past i dont expect them to explode to the upside but i also see very, very little downside in either ford or gm and thought a risk reward basis theyre attractive and shaved some exposure, not tremendous but took down some exposure in some names where they got ahead of themselves on a near term basis and because i think we are at the upper end of the trading range. Really interesting. Im sur pridesprised you can owr company not tesla. Kevin, what about the digitization of montreal i understand youre adding to the shopify position. Yeah. On shopify turned out to be an extraordinary platform and using again an index of private companies and watching how they maneuver for five and six mot movants. When people look at American Companies servicing american markets, 68 out gdp is Small Business in america. They typically were 50 in retail and 10 on their own websites to consumers. Retail shut down effectively in most locations and so what many of them have done has combined digital platte forms like a facebook with a shopify to connect directly with the customers so if you had a store in nashville, tennessee, and its closed now you go to shopify and the reason instead of putting more demand on amazon distribution, its another retailer if you can sell direct to your customer in a town like nashville, and your sales drop in half, your net cash flows are the same yeah. I have dozens of examples of this you reach out to that customer and sell them directly i was so hoping that facebook bashing would push that stock down and i admire those that need to bash facebook and i beg them to do more of it. Let me buy that stock at a lower price. Hit them again the platform is so efficient. Okay. Quick followup to you can you own both amazon and shopify . Do you have to own them both covering both sides of the spectrum or ultimately sort of take each other out . No, no, no. You can own them both. My point is by the way, let me tell you how much i love amazon as a shareholder and a customer theyre 40 of my sales across the portfolio of over 50 companies. Theyre very important but for every incremental dollar on shopify i get almost 100 gross margin amazon puts the brand tape around the box, stick other peoples product beside mine when i ship a shopify product, its my brand and 100 gross margin the partnerships like walmart with shopify and facebook, this is the new emerging market for Small Business in america and you need to own it thats my opinion as an investor and i live and breathe it every day. I love amazon and love, love, love shopify. Yeah. I mean, hey, i think it is now the maybe has been for a while the single Biggest Company in canada by a long shot brenda, we have been talking about this work from home or stayathome trade you have done the opposite and bought Bookings Holdings recently will we go to gt something o and go somewhere we have exposure to all the big large cap tech names, maintaining that exposure and recognize the importance of being diversified and having exposure to High Quality Companies that are beaten up that certainly whose businesses are being incredibly impacted but that will likely be favored in an economic recovery scenario, especially if we continue to get good news on the vaccine front and the market say maybe by august of next year when a vaccine is available. I think the forwardlooking mechanism instead of discount back and properly value the companies with more exposure to areas like travel and leisure and booking is an asset light model and we think its well positioned in leisure which is the first part of the travel industry we think to come back and business related travel will likely lag so we like it but its really been as said a stock pickers market in the environment and we think there are individual opportunitys that are still really interesting and booking holdings is one of those. All right thank you very much. Lets get to a market flash with deirdre bosa what are you looking at today . Hey, brian. Zoom shares have bounced off session lows but down 4 and this comes as zoom has announced that it will be getting into the hardware game with a 600 device called zoom for home and made by its partner and its very similar to other video chat devices like googles nest hub, amazons echo show those devices, however, are far cheaper. This is a price tag as i mentioned of nearly 600 investors are not really loving the move the stock is down about 3. 3 and it has bounced off session lows. Back over to you. All right thank you very much. Still missed the eagle lets dive deeper into the stock story of the day and one that was driving everything up markets still up off the lows and of course moderna. You got Piper Sandler raising the tar get. Hit 88 earlier today and still a good day on good news not just for the shareholders but maybe for humanity as we noted you on it. Are you selling or buying more no. Ill wait for another inane moment in the market to buy more if you recall, the stock got hit and hit for a few days when pfizer came out and released their results and i bought more then messenger rna is a technology both pfizer and moderna are using. What people lose sight of is the fact that moderna has a pipeline of almost 20 other drugs that if you ratify the technology, which is the same as the ticker, then you have a huge company here, so ill use any weakness to purchase more shares theyll start phase three july 27th they said so maybe the stock bounces up again then and any opportunity you see where pfizer is making strides that means you have to buy moderna, as well. About the vaccine, doesnt matter if they make money on the Covid Vaccine because they make money on the rest of the portfolio. Number two, in a man or woman on the street poll, i dont know anybody taking that vaccine early on takes four to ten years to develop and given the technology you can say its a lot sooner because of the technology, still, i think very few early adopters of the vaccine. That wont matter in terms of the market you will continue to see lifts in the market with good news coming out. Not the only ones the astra zeneca news. A Chinese Company have said that theyre making great strides, as well now move on to the banks as we said earlier, we are learning that not all banks are built the same some have a lot of mortgage exposure wells fargo and the market doesnt like that. But if you have a giant trading desk you pretty much printed last money last quarter. Joe, Goldman Sachs crushed expectations and the stock barely reacting today. What gives what gives is the commentary on the Conference Call where it was suggested by management that there was sot sustainability in the type of Strong Revenue thats being derived from Capital Markets and trading in the prior quarter. So thats one of the reasons that the stock has fallen back i do believe when looking at Financial Institutions and n regards to Money Center Banks theres jpmorgan and then jpmorgan and then none other to me that is the best in breed. That is the franchise that has Utilized Technology in the best way to efficiently reach their customers during this pandemic the right thesis, though, for financials is about trading. And that takes you to a Morgan Stanley, that takes you to a Goldman Sachs and more mor importantly to the exchanges i own the nasdaq you can also look at the cme, ice, mktx. I think in the continued volatile environment that we are going to continue to be experiencing with all of the cash coming off the sidelines the exchanges are the proper way to allocate to Financial Services but back to Morgan Stanley and Goldman Sachs, i am staying with those positions. I believe that both of those companies create best in breed scenarios as it relates to the Capital Markets and even if theres a relaxation in the trading revenue that was generated in the prior quarter, i think theres enough diversification in both the Business Models for both to keep me as a shareholder. Okay. A longterm very strong bull case kevin, you just sold everything. You are not buying anything. Why not . I think you do not want to own Money Center Banks and you want to lighten up on regional banks. My theory is simple. Lets look at Money Center Banks. I agree that theyre the best managed they have ever been. Jamie dimon is a rock star as a manager. All these jockeys on horses, in the old days to run the race in the sun. They had great spreads on Interest Rates they dont have that now the long books were growing. They dont now they have concerns of the real estate portfolios. It is raining on the kentucky derby. Theyre running in the mud you have situation of wells fargo. Wells fargo is General Electric of the Financial Services industry it is where money goes to die. Ouch. You want to put dollars to work there come on. The charts, you have to tell the truth. Why would you try to pick the bottom people have been trying to do that for two years i hate this sector i think theres a time to buy it but mark to market the downside of a long duration, nonvaccine environment which could be 18 to 24 months. For example, Bed Bath Beyond closes 200 stores. Tell me that doesnt affect the regional banks because all the fran chidchiser bought money for regionals will they pay them back . Probably not the loans have to be cleared let the sector flush itself out with better buying opportunities. Goldman sachs gave me a gift a few weeks ago. I got a years worth of returns out of it. Why not sell it on the tape this morning . I dont think they get that trading this quarter if im just going to trade i own the exchanges. It is not Interest Rate sense ty but zero Interest Rates in the Financial Services industry sucks. Wells fargo is the ge of the Banking Sector that will get a headline but i think you know how to make headlines. The point we tried to make is that wells fargo and Goldman Sachs you can call them both banks but they are totally different businesses wells fargo is getting beaten up because they have got 20 some billion in clos on their books the biggest mortgage holder, second biggest in the United States millions of people deferring and may continue to defer the mortgage you cant compare the two. No. You cant. Thats why i say sure, you can they make up the index im not hold on, kevin. Sarat, you first when i look at it and to joes point, yeah, i love jeev milkha singh, i look at this these Companies Trading at 1. 1 times book with great management teams and im not picking the sector, not buying the xlf we Goldman Sachs and its been increasing the Wealth Management business and drives the multiple for a recurring revenue business there and an m a business with a return blackstone over 500 billion of assets under management and a 2 fee and an upside potential. Look across the sector and i agree with kevin you will be really careful with the regionals, especially the smaller ones and where you have to say let me parse whats out there, valuation is cheap for a reason and what are the ones that are cheap i think a year from now will be the ones that give me good compounded returns . Not every one of them but the ones i really like. The way we structure, i cant hear everybody i look at the boxes. Is anybody coming to the defense or owns wells fargo . Raise your hand . Ill call on alice in the Center Square anybody . Anybody own wells fargo . 10 . 15 . Nobody kevin, you might be right brian its the exact thing to drive down the index its tough really tough everybodys trying to pick the bottom in my view it will give you a chance to buy in over the next 12 months at a much lower price even below book value in some cases and got to flush out the real estate question i think a lot of banks own aaa prime real estate and either you believe you get a 15 reduction in the use of the space and somehow renegotiate the leases and the debt around it, thats an opportunity to jump in. Remember, financials used to be 18 of the s p and i think below 10 now. Thak they could go to 8 . Wow. Theres time but not now. Financials are going the way of oil and energy. Yeah. Well, not quite but let me just add this which i have said in the past if you get Elizabeth Warren as treasury secretary, thats like liz liz lizzy borden to banks. Thats another reason to avoid i dont see the upside there low Interest Rates are factored in pretty well and the great management teams across the Banking Sector are whats keeping the stocks where they are. Without them theyd be a lot lower. All right good discussion there. On the banks, as well. Thank you. All right. Were going to take a break. Why not . Only 30 minutes into the show. One stock picker is buying more of netflix ahead of tomorrows results and why. Plus, she is adding to one real estate winner, thats right, that is already up 30 this year two of our experts there, who we reveal own it, as well another red hot under the radar stock that doubled this ear. Hard to believe all that and more still to come the dow up 148 and we are back ghafr is hike Simon Pagenaud takes the lead at the indy 500 coming to the green flag, racing at daytona. Theyre off. In the kentucky derby. Rory mcllroy is a two time champion at east lake. Touchdown only mahomes. The big events are back and xfinity is your home for the return of live sports. Welcome back lets get to the world and national hea, everyone hees whats happening that the hour oklahoma governor says that he haite for the coronavirus. Hes refused calls for mask mandates but he says a persons choice to wear a Face Covering should be respected. He has also backed a countrys most aggressive reopening plan. In atlanta, a teen suspect has been charged with felony murder and assault in the death of an 8yearold girl. She was fatally shot on the fourth of july while riding in a suv with her mother. In new york, the statue of liberty and ellis island are set to partially reopen monday indoor areas including statue itself and the el us Island Museum will be closed for now. Disneyland paris reopened after being closed for four months masks are required as they are at other Disney Properties operating. Socially distancing is being enforced you are up to date ill send it back to you. We showed the video of disneyland paris a giant storm cloud coming in over the castle. I know. It didnt look good and you know what when that happens at other Disney Properties everybody like rushes to get cover and theyre not going to be able to do that because of social distancing so there you have it. Rushes to get a giant turkey leg, sue. Theyre the best. They are the best. They are. Just not big enough. Thank you. Lets go individual stock picks now. Start with netflix getting the price target raised. Morgan stanley jumping to 575 from 485. The next guest is adding to the position ahead of the results. Tiffany mcgee is ceo and she joins us live. Tiffany, what makes you billish on netflix hi, thank you for having me we have always been bullish on netflix. We like the idea, the concept of streaming services and what we are excited about, what we continue to be excited about right now is this whole idea of this formula that content growth at netflix drives future subscription growth and so we have seen it year over year as Pay Attention to the numbers and of course many people consider it a stayathome stock and we have seen this pandemiclike environment as an opportunity to gain more for net flix to gain more viewer share so right now they have about 10 viewership it doesnt seem that people have really some people dont believe that because it seems like everybody especially in the u. S. Has a netflix account but they only have about 10 of viewership, especially in developed countries look the u. S. So we think that theres a huge opportunity for them to grow dmesingally, especially in emerging market countries. I hear you but its not about the quality of the company, as you know it is the price. Netflix and this is you gave us a stat that is hard to believe. Maybe ill give you one thats hard to believe, as well netflixs market cap is now 10 billion more than disney than disney yeah. As were thinking about adding to positions and in particular in netflix, we are really looking at the opportunities right . We are long term investors our clients are primarily foundation so we earlier on in march when netflix dipped we used it as an opportunity to buy more and right now just under the 52week high and Morgan Stanley increased their estimates, also Goldman Sachs increased estimates, as well we think the price continues to go up and wanted to buy it now and cant count on another dip like we saw in march. Okay. Fair enough. By the way, theres new comp theres new competition in netflix called peacock, a Free Streaming Service launched by Nbc Universal and comcast our Parent Companies theres a premium tier launches today free content our producer loves he is british. Loves soccer you can watch 150 premier League Matches every week or month. Go tottenham do you worry that the space is getting a little crowded the competition for the dollar you mentioned is going to get a little tighter everybody cant pay for everything you see what i did there yeah. I really dont worry about that. In theory, you know, the perceived competition is really not competition so looking at the numbers, especially in prime time, net flixs real competition in local broadcaster and dont see a disney, peacock, with all due respect, as huge competition for netflix. All right fair enough there. Brenda, to you, you own disney do you also own netflix . Do you have to choose a side here marvel versus d. C. Or can you own them both and be happy we only own disney. Netflix is a great stock so you certainly could own both but it is a preference to own disney with more upside potential here. More impacted from a negative standpoint by park closures and other things but in our view the content that disney has is just it is so unique and its not repeatable by anybody. We like that theyre also venturing into the streaming side with disney plus and great things there so our preference would be disney of the two. Yeah. Sarat, ill give you this stat ten years ago today netflix was a 23 stock. It is 515 dvds by mail unbelievable store look. Netflix is a phenomenal company and like brenda, we i look at disney on a valuation basis, on a mote business where so many parts Work Together and right now we have a few of them that arent working together and where the stock is reflects that i think when you get back to near normal whatever that is disney has so many levers to pull and why you see the stocks held up and back to 120. Because the assets that they have are so hard to replicate and unlike some of the other content companies to keep on recreating things when you have a disney across the board theres an Intrinsic Value thats hard to replicate. Used to be when will disney buy netflix . You wonder if it will flip im kidding. Now lululemon. Tiffany, well be faster you bantamweight it. What makes the company so attractive in a tough retail environment . I always talk about lulu. We are five months into a semiquarantine at least and still wearing leggings of lululemon as we speak and i definitely like lulu it is a cult following last time i was on the show we talked about it in the same vein as nike which i maintain is a completely separate company but now with the acquisition of mirror lulu catapulted themselves into a different revenue stream you know i call this my quick pivot stocks and so now i think we are talking about it in the same conversation as a peloton and comparative speaking mirror is about half the price of peloton, with an athome connectivity and as we figure out reopening and not, i think theyre uniquely positioned. Weiss, you agree, you own it. I dont agree with everything that tiffany said. Look the acquisition of mirror of 500 million on an almost 30 billion company, that is like weekend tips for kevin oleary doesnt mean that much id hate for it to be disregarded as peloton because peloton is a stayathome play and while they do well theyre not making money and the bar is much higher for a company that doesnt really have equipment at home to connect you with so look. If they score with mirror, phenomenal, if they dont, the company will still do well and not cheap so you have to keep that in mind but it is a unique asset. The day you agree with anything anybody says well retire the program that will be it. So please never do that. Brian, i agree with you on that 100 i see what you did there. Joe . Brian, as i wave for the camera to jump in here and add a different angle, it is about the Balance Sheet and the fantastic 2019 that lululemon provided to shareholders the Revenue Growth up. I love that. My good friend mr. Wonderful, i know he would buy the stock if they paid a dividend and i think some point they will so its about the Balance Sheet. Now we love it, tiffany you brought us a company not only i dont think ive talked about or never even heard of and i want to be careful. It is a billion. Above our market cap 500 million but a billion dollar stock. A Mattress CompanyPurple Innovation. A Mattress Company. Yeah so as everybodys been talking about the stayathome stocks and everyone has been home and kind of doing work on their house, on their homes, they have also apparently been buying mattresses and it is not what you first think thinking of stayathome stocks but purple first of all they have been since in 2016 when they kind of first emerged spending money on Digital Advertising and not relying on stores or for their sales so i liked how they were positioned kind of coming into the pandemic the stock up about 258 in the last 3 months. Year to date about 115 . Co compared to a main competitor, sleep number, the price point is half sleep number, you would think if purple is up so is sleep number and theyre down about 8 for the year so i really like the Technology Factor with purple. They have this really cool app to actually you can actually set the mattress to wake you up in the morning with a massage. I love that. Also be watching sleep number as they report earnings this week because i really believe that its going to be definitely down come parred to purple. Wake you up with a massage . Maybe we need to talk about the company more. Yeah. Kevin, im going to quote kevin oleary. Mattress companies been places i think that have been just garbage investments. I think its a fair statement. Casper is off its high we have seen Many Companies go bankrupt you wish you had owned purple. I do, actually. This is one of the teams that figured out Customer Acquisition costs. Startups look online to initiate revenue and can they acquire customers less than the lifetime value otherwise they go bankrupt they have figured it out with Digital Markets effectively. You dont know when you start the journey who youre picking and have to have a portfolio of them but once they get it right, Customer Acquisitions you pour gasoline on that fire and you have parabolic growth and reminds me of a pick earlier, lululemon. I missed that one and really sorry i did because i thought it was another gap story. You know tshirts and jeans fell out of fair what do they wear . Brand new genre that isnt brand new anymore. Lululemon has taken over that. I missed it. The Balance Sheet deserves me to own it but i think most of the upside is gone there. Just say this somebody of us five or six by the way is besides tiffany probably wearing lululemon pants and it is not brenda. Right. When i look down, i was looking on my cnbc app Purple Innovation up 10 on the comments there, tiffany. So the stock moving. Thats it for that we are not done. There are also calls plural out on american express, the gap which kevin obviously loves, kidding, the trades from your experts trade ahead as we roll on and tomorrow night in partnership with acorns, cnbc hosting a virtual live town hall bringing together americans affected by the current health, social and economic crisis the most respected Financial Experts in the industry will answer your questions and offer real Actionable Strategies and advice to reset and rebuild the financial future this is a big one, a big deal. I know the team is working on it for a long time. Be sure to not miss it 7 00 p. M. Eastern time tomorrow. Lets get another look at Purple Innovations. That stock has taken off more than you jump out of bed after a massage from the mattress itself we are back right after this 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. Now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. Stocks by the slice from fidelity. Simon pagenaud takes the lead at the indy 500 coming to the green flag, racing at daytona. Theyre off. In the kentucky derby. Rory mcllroy is a two time champion at east lake. Touchdown only mahomes. The big events are back and xfinity is your home for the return of live sports. All right, welcome back. American express downgraded to underweight at j. P. Morgan chase. Sarat, you own it. Are you still owning it . I do own it look at the valuation. The thing is off 40 of its peak its a World Company and im buying it for two to three years out, at least. This is a company that has technology and information about all the Largest Companies in customer, so really its the quote of another value play, but i accompany that by owning paypal and visa. Pay pal is up 50 , amazon 40 . Lets go to rahel solomon rahel, what are you watching today . Lets start with harleydavidson, price target 31 this is on optimism on costcutting measures and the impact to its bottom line. Looking now at shares of gap rbc upgrading the retailer to outperform this morning. They said it could help capture a younger consumer finally, Raymond James upgrading hanesbrands. They think vendor partners like hanesbrands will benefit as well a couple things taken from the table of contents, and these are quotes, all i do is win, win, win. Got money on my mind can never get enough and its all about the benjamins on the free cash flow. Brian, ill send it back to you. Rahel solomon, thank you very much by the way, there is an opec sort of meeting today. I say sort of, its not the full ministerial meeting where everybody kind of virtually comes around the table and we used to stand in that stairwell. This is a Technical Committee meeting where they honor output levels, and we are getting a heads up that the group will increase production. When i say increase production, i want to be careful of my language opec currently has a deal to cut production of course, when oil went negative they made this emergency deal 9. 7 million barrel a day cut what they always said was they were going to reduce their cut to 7. 7 Million Barrels a day in august thats what they had already agreed on. Dow jones now reporting that they will cut their cut, effectively increase production, in august by 1. 6 Million Barrels a day. So that will take it to lets call it 8. 1 million barrel per day, cuts still in effect going into august, according to the dow jones. Maybe a little tighter than expected well watch the price of oil right now. I just drew a lot of math. By the way, they are cutting less in august than they were. I think. Im kidding. Time now for futures outlook lets talk about silver jumping alongside the markets today, and its now trading at its highest levels since 2016. Future traders are betting that they have room to run. Lets bring in jim uaiuorio of j Institutional Services i wish if so heres the trade im looking at, and im already long on silver and have been for a couple months. 1980 is a stop level for me. In retrospect, i think i should have changed that to 1982, but either way, i have a target of 2085 on the upside and a stock below 1915 what i said before, it benefits from the fed and from a search for a fiat currency substitute phone ringing, live tv also a recovery stock, too bitcoin in gold, the reason i dont like them as much, they had two times where they were heavily flawed in volatility in the last few months. Thats why silver is the lone survivor jim, youre always great on live tv. A great pleasure, well see you soon your final trades are straight ahead the dow at 156 were back right after this. Welcome back well, mr. Wonderful himself will answer your money questions next week, and you can join him for a live chat on youtube during the allnew webisode of got a money dispute . Ask kevin. Wednesday, july 22, 2 00 p. M. Eastern time lets go around the horn for the final trades joe, well begin with you. Brian, i know its out of favor to talk about an energy company, but the best in breed is chevron theyve reduced capex. They endured the downturn in 2016, theyll endure this one. Thats a favorite to own sarat Morgan Stanley. We talked a little finances, tomorrow youll see how their business is doing and what very many times will look like, so i want to hold this into earnings. Steven . Taiwan semi theyll report about 2 00 in the morning est, and i think you can make money while you sleep and wake up tomorrow morning to a nice return. Brenda . Tjx this company, there are retail doors that are closing that are competitors. Also a lot of great inventory out there, so we think theyre poised to do well. Kevin docusign, global Document Management doing a fantastic job jur, just killing it thank you, everybody well see you tomorrow at the same time. The exchange with Tyler Matheson begins right now. Brian, thank you very much. Heres whats ahead on the exchange today. The dow fading after being up more than 400 points earlier on positive vaccine news. But the market may be signalling that it shouldnt be hanging all its hopes on data from just 45