Record close of 2020 i talked yesterday about the stunning market cap gains this year for some names like amazon which has added 674 billion in market cap this year is it out of hand . Is this too much i think its a little too much maybe thats why youre coming to me first. You know i might be a little provocative here and say you can trim this doesnt have to be a digital on off decision of youre all in or all out of tech obviously, tech has fundamental business tail winds propelling the stocks higher. The top five stocks in the s p 500 are 23 . Unless youre used to running a 20 stock portfolio, which most people arent, that means the names are over weight. If you trim them and take two Percentage Points off and bring them down to four Percentage Points, now youre running a 25stock portfolio and youve taken 4 points out of the tech area, you can put it into whether ever you want. You can put it in health care which is on fire Energy Stocks are rolling today. Its okay to say things are hot. This isnt 1999. Its not a mania its not a bubble, but you are supposed to manage the risk in your portfolio and trim from time to time is this time to do that cramer tweeted yesterday afternoon, moves like were seeing in microsoft and amazon and tesla are truly insane and unlike any ive seen in my life. Is now the time to take some profits in these stocks that he admits they trim some amazon i think from a portfolio construction standpoint you can always take your own cost basis where you are today and make those moves on the margin. From the broader narrative of people saying this is reminiscent to 1999 or the late 90s, i think within the animal spirits of being people excited about certain names, its probably been 20, 25 years and people have been really excited about names. To get out of tech, to underweight tech, to move into the other sectors of the market, i just dont think thats the time to do it. I think its more time to lean into some of these names once again, be ready for a sell off. I think its really important for investors to understand theres two decisions. The buy and the sell if people get out here, you have to think when are you going to get back in and just ive been in the business for 25 years, i think thats always a really tough call of trying to get back in and time something and more than not it runs away from you listen to what else cramer had to say this is from this mornings show maybe some comparisons to 1999 lets listen to gjim. We can kick it around on the other side this is an spirits like ive never seen those gains are nothing like this i think that maybe index money, 60 of the money is indexed in the market they are not sellers the insiders are not sellers the etf buyers are insane. They come in and blitz stocks. You get people who think that stocks only go up and attract a lot more money all right what do you make of that its not like jim is trying to say its 1999. Hes saying its not that in 19 99 you had clown Companies Adding market cap. Now you have real big Companies Adding market cap at astonishing levels it is worth taking a look at the comparisons of the two and acknowledging are we getting way too frothy in some of these tech names . Couple things theres no resemblance theres no relevance to that what jim does say in terms of animal spirit, i agree theres some here. Lets look at the dynamics and the technicals there are fewer than 50 of the number of stockshaf tradeable, available u. S. Equities has been cut in more than half. Then as jim correctly points out, you have the index players come in. Index players generally buy and hold for ever. Thats 60 of the market youve got to further shrink the market by another 50 . I shaved apple a month and a half ago i dont regret doing it because it was the right thing to do tech is still going to be where it is. If you listen to the prologic call today, their business is going great. Thats where the market is going. Covid brought that forward tesla is way out there it doesnt mean it will come down microsoft has the Business Model working. Their multiple expansion has been great its momentum in terms of fundamentals i get that and agree with that its also momentum in terms of price action and that im not so happy about. Jim says its okay. Usht trim some of these names. Put it in energy or health care. Is that a good strategy right now. I dont think energy is really ever investable its a feast or famine im not going there. Best Commodity Traders in the world have failed miserably at it go back to andy hall, et cetera. I dont presume to have a better edge than him. It all depends on them in terms of other names, ive added to i bought gm, ford. I added to Xpo Logistics a big customers of theirs or big provider of theirs is prologis i added to u. P. S im low to sell my tech because, i hate to keep saying it, im in 5g ive got rewarded. Look at ericssons numbers thats the future. Blew it away im not buying nvidia. Thats ridiculous. Im not buying names like tesla. When you hear the top six stocks, need to represent 49 of the index, thats courtesy from jonathan who will join us in a few minutes. Does that make you nervous or just how it is the game is being played in those stocks, just play the game dont worry about it ill even one up you a little bit since i know kramer was talk about blackjack in vegas those Six Companies combined are north of 6 trillion in our market cap and are as the six of them make up more than the next 24 companies in the s p 500 combined am i nervous no youre seeing the same dominance in the media space which no one is talking about those Big Companies are performing they have tons of cash on the Balance Sheet they are thinking about growth youre not seeing insiders selling at the top here. Youre seeing them continue to reinvest youre seeing companies flourish in the tech space which is why on the fundamental side you dont want to trim them unless you have to. A lot of our clients happen to be large quants and managers they are going to continue to hold them in capital going to continue to flow into those names. Were also seeing some of our long only fundamental Asset Managers buying these names, holding these names and not selling them at the expense or selling facebook, amazon, microsoft to just get into some of those industrial names or into oil or health care. They are holding onto those names and reallocating around the edges. John, what are you doing in the market relative to some of these names, which i know that you own. I just did a quick count. I own 44 stocks and or call options on 44 stocks i do exactly what you talked about at the top of the show with jim i do trim occasionally added apple on the drop. Added to facebook on the drop. Added to amazon. I wish i would have bought google and so forth. Theres a bunch of them that i missed my portfolio has grown from those march lows when i think i had down to eight names to now back up to 44 names. Its not just those top five or six stocks that we talked about. I do agree with courtney go big or go home. I also think that scott, would you have bet guest tom brady these are the tom brady stocks maybe you could say ill bet against tom brady in tampa but would you have bet against him with that line up that they had up there in new england . I dont think so even tom brady doesnt win the super bowl every year. What makes you think the stocks will continue to win every single day because of size because when you look at the retailers and the december medication thats been done there, the people that have survived are the omni channels i know people hate when you throw out theyre a retailer too. When they shut down those store, the retail stores, that was a big deal as far as the amount of traffic and the amount of dollars that go through the stores in new york they were lined up around the block when youre looking at a stock like that and looking at microsoft or now that finally, ibm has turned things around, a little maybe a lot. I want exposure but im also willing to trim some thats crazy but thats what the market is giving you lets bring in our next guest. He is one of the mostly followed technicians on wall street has a lot to say what it may mean for the Broader Market john thainathan krinsky joins u. Are you worried about where tech is your tweets over the last 24 hours seem to suggest youre starting to get a bit concerned. Are you getting a little concerned . I think we have a bit of a breadth paradox. As these five and six megacap stocks that we always talk about continue to become a bigger part of the market, the breadth divergence is under the hood matter less as long as the stocks continue to go up if were to use an example and take it all the way to the extreme, say the six stocks became 80 of the market you could have situations where 495 of s p stocks are down on the day. As long as the stocks go up, the market will still go up. Thats taken to the extreme. As you mentioned we do have six stocks in the nasdaq 100 about half of the index. What were saying is that were not forecasting an imminent drop but i think you have to recognize that the market and the way its structured now can go both ways a lot of these megacap names are very stretched relative to their long term moving averages as they come into earnings. I think the risk more is that we know that the numbers are probably going to be fwoodgood we know they are benefitting from everything thats going on. I think the risk is a bit of news you saw that with netflix last week well see what happens as we get into earnings. Thats our thought here is the upside is bit limited in the near term. I wonder if things like long term moving averages and other metrics dont apply because of this new world were living in now and one we will continue to live in for the foreseeable future thats possible lets use apple as an example. Its about 33 above its 200 Day Moving Average over the last 20 years, really since the tech bubble it hasnt spent much time above that 30 thro threshold. Now were talking about a stock over 1. 5 trillion its easier for stocks to get stretched as a small cap but pretty hard for them to stay this elevated given this size of market cap i think the flip side of this is if youre not super excited to be buying these names up here, where do you go. I think the set up is opposite a lot of cyclical names. You can look at the banks that came into earnings pretty bad on them positioning was pretty low theyre starting to act a little better here. I think this kind of low, high momentum trade that we have been following, the reopen versus stay at home trade, i think some of that has unwind as we head through earnings season. Thats what were saying here. Sdp your thoughts on what krinsky has put forth. You are buying some of the names that im surprised to hear you say. Gm and ford and i think you said u. P. S. And some of these other things that i wouldnt hear you say you bought well, ive owned u. P. S. For a bit as well as xpr ive been in and out overall, jonathan in your view on this is that if those megacap stocks come down, all of them, not just one like a netflix but they come down because they are missing earnings then its look out below for the entire market. Its not just that those that can get hurt owning the others isnt going to help you that much the reason i own ford and gm, the stories. They are stores behind them. The car market is very, very tight. Used car prices continue to climb. Im not trying to make a value call i dont necessarily think they are value so its fundamental. Tech overall, every day i walk in im nervous about it that its moved so far. The stocks i own are still below where they were at tend of last year yet the fundamentals have improved theyve had negative contraction. Theres been a lot of talk about 99, 2000 market i think one thing that is lost in that time period, on march 10th, 2000, the bank index, the bkx had been selling off for two years. Its down about 33 in two years. It bottomed on the same day that the nasdaq topped and rallied 50 over the next six months again, i dont think it has to be if tech sells off that everything sells off i think you could make the opposite case that there will be a bit of a rotation and i think a lot of people have been making that call for a couple of months now. It works for a few days or few weeks but there hasnt been that full scale unwind yet. I think thats kind of the set up the large cap tech names have a lot of good news priced into them and maybe they dont go down a lot but maybe they just kind of turn around. You do see a bit of money rotate into some of the laggards. That feels like a tough argument to me to make that if you have a quarter of the s p, tech, led by these big names which are driving all the action by virtue of the breadth that you said were top heavy, you can have a broader problem thats our point. When you get it this lopsided, it works both ways it can also dominate good breadth on the way down. Your talking about the qs and s p would go down. You just have to be aware of the makeup and know whats behind the numbers. We appreciate it. Thanks for coming on with us interesting and provocative thoughts its not happened, courtney. Well, thats right. I think we are in a much, much different time tech has now become a staple in our household. If i brought out my 18monthold now, she knows the word ipad and its only about 1 of 50 to 80 words she knows. Tech is the core of our society globally at this point its very, very different than when you think about the late 90s and early 2000s were talking about sound companies. If i move down to a company, call it the sixth of the size of a Facebook Paypal is trading at 50 times forward earnings and has a 5 billion dollar total Addressable Market 5 billion. Thats a huge, huge number for a company to go after. The beat goes on. Facebook gets target raised to a new street high. Its this level of one upsmanship welcome back, tony thanks for having me. Time to worry about tech or not . How do you see it . You se youve seep a lot of markets to add some context, tech has out performed for each of the last seven years it still out performs by 1500 basis points or 15 . Were having a very big tech rally on the back of strong tech performance over the last seven years. If we then go beneath the surface and say wahats driving this, until about three years ago, what was driving this was better earnings performance from tech over the last three years we have seen teches relative multiple expand by about 30 tech is 30 more expensive on forward four quarter earnings than it was three and a half years ago. Youve been asking about where might be a Tipping Point where tech may not out perform if we look forward to 2021, earnings for tech are expected to grow 16 . For Everything Else in the s p outside of tech, they are expected to grow 35 in 2021 as we get closer to the end of this year, and people see, well, tech earnings might actually be slower in a full year of an economic recovery, that may be where we dont have tech continue to take on the leadership when we go back to the financial crisis in 2009, we saw the same thing. We saw huge out performance from tech in 2009 because earnings held up better in 2010, earnings for the rest of the market was stronger and tech underperformed in 2010 and 11. That ultimately may be where the proverbial rubber hits the road. I think its a binary deal with vaccine once you start having a tangible thing to put your arms around, and put something in your arm, why wouldnt you continue to see these stocks go up relative to Everything Else . I think youre right. Between now and the next 90 or 180 days where people are really focused on still three more quarters earnings season for q2 and q3 and q4 tech will continue to be the better performer could this persist for 60, 90, 180 more days . Its possible. Even then momentums are pretty powerful things. If we are trying to identify when can Market Sentiment shift, what happened in the great financial crisis in 09 and where did we see that shift, those are some of the parallels i thought to highlight brynn has a question for you. A lot of these will say episent r nacenter names are li spring coil that if we get a vaccine, they could out perform tech in 2021 because they have the most down side if we dont get vaccine or a therapeutic how the you look at tech to me whats crazy is the tenyear treasury yielding 61 basis points what are your thought os on tha . Thats a reasonable uestion i think if we look over time we have been in a low rate environment for ten years. It can didnt out perform even though you could argue coming out of that great financial crisis the process for tech are better it had out performed a lot part of it was coming out of the Earnings Growth was better for other sectors. Theres a myriad of other forces at work. Tony, before i let you run, your take on ibm was it as good as people are trying to say it is or were expectations so low it looks better than it really was. Is it more of a red hat thing than an ibm thing. How do you put it into context i think its more of the latter expectations were low and they jumped over those. If we stand back and look at the absolute results x were going a pandemic so everything will be depressed. I think the debate on ibm has always been can this company grow its top line. It hasnt been able to for the last four or five years. I think investors are now sort of digesting the earnings saying im not sure i feel anymore confident that ibm or less confident that ibm can grow earnings on a go forward basis the results were pretty tough. Youd expect them to be tough in a virus situation but just because they beat relatively low expectations, doesnt mean that the story is fundamentally inflecting in terms of better growth which is ultimately what i ve investors need to see. Not ready to suggest people buy the stock. Sounds like maybe this is a no touch for you. Correct i appreciate your time. Talk to you soon thanks for having me. Got to get to phil with breaking news on boeing hey, phil. We have now word from the faa that it will soon be issuing what they are calling a notice for proposed rule making for an airworthiness directive involving the 737 max. Were not going to go into all the the steps but this is gip g i beginning of the process this proposed rule making for an airworthiness directive has a 4d4 45day Public Comment period when you add that up with another step involved in the process, youre looking at likely seeing the 737 max ungrounded by the physical examination aa some time likely in the fourth quarter. That is slightly later than what boeing has been targeting. Boeing has been saying we expect it to happy late summer, september time frame it might be sliding back a little bit thats the latest there in terms of the faa saying this is the giping of the process of moving towards an ungrounding its not insignificant that the faa is putting this out there. Were get our own public right now from a shareholder jim, what do you think interestingly enough i think the market doesnt care about the 737 max these days i think the expectations are low. 787 are piling up. The triple 7 x is being delayed. Boeing got a 20 billion order this company is under valued and the 737 max is not necessarily whats going to unlock the value. Undervalued down 45 year to date. Does any part of you want the take jims advice and buy an undervalued stock which he says boeing is . No. Airline traffic is not picking up any time soon when you talk down to value, you have to Pay Attention to what its done to their Balance Sheet which is dead has expanded exponentially. Im in a mometempted at all to. Im sorry jim. I thought you had sold it. I know. Ill get you there sold to you, steve. Sgr jo john, you sold paypal why did you sell it . For the most part, scott and also because i just have such a strong feeling about square and that cash app on square. I know you have venmo but i really like this penetration that square is getting with the cash app 60 plus in three months. These are not cheap these are not necessarily what you say are value stocks but Sherwin Williams is riepgt ighte cross hairs. They are doing great not just because of covid but because of whatever comes next in an aging demographics youre talking about growth at a reasonable price. Thank you just people wondering what you might meant by that. Not dirt cheap. Theyre not dirt cheap they are growing. The only other thing i did is i went back into puts. Ive never seen a company where 75 of the outstanding shares are open for sell in terms of the season s1 registration statement. Nobody sold them yet thats really disaster insurance. Selling calls did nothing for me on those positions except cap my upside didnt take in enough premium. In case something really bad happens over the next few months, ive got the insurance i fully expect to and hope to lose money on those puts but most of the portfolio actually has the puts against them. We are going to bounce. When we come back, lam Research Getting a new street price target today the desk will debate that. Its our call of the day you can watch or listen us to live on the go were back after this. This selenite grey is so pretty isnt it . Wow. Jim could you pop the hood for us . There she is. Turbocharged, right . 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. Welcome to camp tonsafun on xfinity its summer camp, but in your living room. Learn how to draw with a minions expert. How to build an indoor Obstacle Course plus. Whatever shes doing. And me, jade cattapreta. The host of es the soup camp tonsafun. Its like summer camp, but minus the poison ivy. Unless you own poison ivy. In which case, why . Just say summer camp into your xfinity voice remote to join. Were back lets go to sue with the headlines for us hello, everybody. Here is whats happening at this hour President Trump is expected to sign a mem memorandum aimed at keeping undocumented immigrants from being counted in the census its expected to face legal challenges it could be a series of initiatives on subjects other than the coronavirus pandemic. Florida reporting 136 new deaths since yesterday the Positivity Rate rose above 13. 5 while the number of confirmed cases fell below 100 theres been a 60 million federal bribery probe. The Associated Press says the others arrested include a former Ohio RepublicanParty Chairman prosecutors are expected to provide details bit later this afternoon. Well be watching those for you. Back to you. Bullish call on lam research big bump in the price target as well to 435. Its another street high on wall street today our call of the day. John you own calls on this what do you think about the call i love it i know steve was not as hot on these guys a couple of weeks back ill probably be long on them through the august expiration and then well see well kick around some other calls. We have a look at what else is going on Deutsche Bank adding foot locker as a buy. They have a hold rating on the stock. They have the work from home and work out from home the stock is up almost 9 . Albertsons is trading slightly below its 16 ipo price. Thats getting a slew of initiations today. 12 in total. Five out performs. Three buys, two over weights, two equal weights and at this rate lets throw in a partridge and a pear tree. The food at home consumption trend, they expect will remain elevated for some time jph thinks the stock is cheap. They like the new leadership for foot locker, first. Nobody on the desk owns it im wondering why. We hear so much about nike we hear about lulu anything in this space and not one own this stock one thing i can say on both sides, on the pro side they think the stimulus checks and people are saving money not foi going out to eat, they think money are spending money on Athletic Apparel and sneakers. They point nike out as a risk factor they are amping up their direct to consumer. Thats a risk to foot locker this is the second time i think in about two weeks that weve had an upgrade on foot locker. Analysts like it kids are hopefully going to be going back to school. Even if they dont, they need new shoes. Nba is coming back i dont know how many pairs of sneakers youve worn out. Youre going to walk around barefoot from dwroyour living room to dining room. I know you stopped growing a long time ago. I didnt mean it like that kids are still growing i said worn out youre wearing your socks at home youre not wearing out your sneakers they are mall based stores for the most part. Hardly anybody is going to the mall number three, nike has such a great online presence. Thats been driving the earnings for the company. You just dont need to go out. You do it all online everybody assume the worst when i said that its a lot easier to get my foot out of my mouth without sneakers on. John has his latest trades in unusual activity. Lets give you a check on the s p sectors. The market see if the nasdaq can make another new high today. The s p as you see is up 13. 5. All but three sectors within it are in the green were back after this. Plap experience amazing at your lexus dealer. Experience amazing hey lily from at t here. With some helpful tips. Tip 1 you can currently get the amazing iphone 11 for halfoff on at t, americas Fastest Network for iphones. Second tip you can put googly eyes on your stuff to keep yourself company. Uh for example, thats heraldo. Hes my best friend. Oh, sorry nancy, i forgot you were there. Get the amazing iphone 11 for halfoff on at t, americas Fastest Network for iphones. Save without even leaving your house. Just keep your phone and switch to xfinity mobile. You can get it by ordering a free sim card online. Once you activate, you only have to pay for the data you need, starting at just 15 a month. There are no term contracts, no activation fees, and no credit check on the first two lines. Get a 50 prepaid card when you switch. 5g is now included with all new data options. Switch and save hundreds. Xfinity mobile. Were backvion blizzard shat performing activision, the 85 calls. These are the july 85 calls. Very actively accumulated. These 12,000 and then 15,000, thats 1. 5 million share equivalent ive got to follow that. Im in those they only were paying 75 cents with the stock at 81 bucks second trade, which kind of sounds like something the seals or the marines would shout but huya are buying this week expiration, july 27 calls. I bought those thats probably only a two or three day hold then, ive got to tell you, scott, as far as an update, tenet, im kicking myself because yesterday i punted it meaning i closed it out at a loss today, the stock jumps big i was day early. I wish i wouldnt have done that trade. Draft kings, one we brought to you last thursday. This one was 33 at the time jumped up through 37 today the calls moving up nicely get caught on size every now and then not too often though oh, yeah. Every once in a while you get that itchy trigger finger and thats what happens. Stocks are marching closer to record highs and so is gold. Well find out how the furutes traders are playing that straight ahead plap. Lets go back to a market flash for us shares of ulta, take a look dropping today last were up about 3 . The company is saying late yesterday it will close up about 3 19 stores and its expansion plans just opening 30 new stores this year. The may ulta as targeting 30 to 40 new stores. They added 80 locations in fiscal 19. They company said it will accelerate plans like relocations and renegotiating with landlords using this time of covid strategically. The stock is down more than 20 year to date while the retail etf ticker is pretty much flat we will have to see how it does in this age of face coverings and masks. Who wants to wear lipstick under a mask valid question there are no sells on this stock with 70 of analysts who cover the Companies Still saying its the buy. Scott. Interesting well have to watch it thank you. Courtney, im trying to think back as we talk about retail trades and things like that. You bought macys at one point not that long ago. Was that you im own it and do still whats your outlook for the retail trade for the retail trade overall i think its there macys is one where i think its not a buy and hold for ever buzz they are some fundamental issues that the company is going to face and continue to face but a buy until you you have through this covid component, i think it is going to do well on the other side i think right now its trading at six or seven bucks a share. Its under valued. It should be around 11 or 12 i wouldnt sell it but im not doing much with the name in my portfolio. Its a whole buy potential with some covid trade getting a nice bump today, though up just about 9 ill keep it. Im sure you will its time now for the futures outlook. Lets talk about gold. The rally keems going, trading at its high since 2007 scottie, i go to you first what is your outlook for gold on a day where im looking at goldman bumping their price target up to 2,000 . Higher. Mine is higher also. The dollar index is near a 52week low with zero Interest Rate policy. Those two things, thats really all you need to know about gold is that because a cheaper dollar makes it cheaper for almost anybody to buy gold. Zero Interest Rate makes it cheaper to hold gold for everybody. So its really all you need to know the only good news for the bears is that gold is nearing overbought, otherwise the fundamentals are higher. Bill, what about the idea that fear subsides as we move further to an opening, thats a negative for gold once you get some fear out of the overall market. Thats a great point. I want to align that seasonally. This is go time for it i always say you dont want to chase gold higher as everyone is screaming for it thats when you want to be capitalizing on gold that you already own. You really want to capitalize on these levels, but i do think gold can get to the 19 level, 19 and a quarter, maybe a little peak, then sometime december, january next year, i do think 2,000plus is in the cards but you have to Pay Attention to the seasonals. I think the rsi has room to stretch a bit more 1868 could be the next leg higher here in the near term brynn, you own the gld, right . We do, we do. We actually added that position in august of 19 and sold emerging markets to buy it i think what you have to understand with gold is we have negative real rates right now, and like in the 70s, you had high inflation but you actually had negative returns, negative real rates back in the 70s. I think also youll see that we have another fiscal support or stimulus bill, gold is up 1, 1. 5 today, and i think thats on the heels of more stimulus coming i think thats a global narrative that will continue to give a tailwind to gold is more fiscal smus tiluand negative rates. Well take a quick break and come back with final trades. Our Retirement Plan with voya gives us confidence. Yeah, they help us with achievable steps along the way. So we can spend a bit now, knowing were prepared for the future. Surprise we renovated the guest room, so you can live with us. Oooh, well. Im good at my condo. Oh. I love her condo. Nana throws the best parties. Well planned, well invested, well protected. Voya. Be confident to and through retirement. Come on in, were open. All we do is hand you the bag. Simple. Done. We adapt and we change. You know, you just figure it out. Weve just been finding a way to keep on pushing. Some Companies Still whave hr stuck betweeng employeesentering data. A. Changing data. More and more sensitive, personal data. And it doesnt just drag hr down. It drags the entire business down with inefficiency, errors and waste. Its ridiculous. So ridiculous. With paycom, employees enter and manage their own data in a single, easy to use software. Visit paycom. Com, and schedule your demo today. Were going to do some final trades but i want to ask a few questions. From rob in new york, is citigroup still a buy . Absolutely. Even after reported earnings, which were mixed, Revenue Growth kind of tailing on the earnings side considering they put a lot of mona side for potential losses, theyre much more global than the other mega cap banks here in the united states, and if we get more things like we did this morning out of europe coming up with a stimulus package, youll see citi doing much better, and they have the banking component that i think well see more activity in the second part of the year. Joe in alabamaments to know about netflix. Scott, this is one while you were out that i thought i had a great one and it ended up being a stinker. Im Still Holding long calls and im in a call spread in netflix. But i dont know if i need to invite anyone else into that one yet. Brynn, to you from tom in california people have been drinking a lot recently what are your thoughts on sam adams . Sam adams is executed in a very fickle space. Then truly, they have hard cider, i think theyve outperformed a dagio and theyve been awarded for the good performance. Steve weiss, you get the first one. Teradyne. Ive owned it for a while. I think theyll show a great quarter. Farmer jim . Disney. It has powered through bad news. Courtney . Theyve done a heck of a job in growth despite what their Main Business is going through right now. Uber, their freight business, i like it, i like it, i like it. You like it i do. Dr. J key, seeing some buying this week last but not least, brynn, what do you have for us . Pepsi, one of the nontech names of the nasdaq 100. Its got a great dividend. Its outperformed coke since the bottom of march 23rd, and i think theyll continue to execute on their snack brands. Thank you all thanks for watching. Kelly, its all yours. Thank you, scott hi, everybody. Here is whats ahead the s p is on track for its best july in a decade, everything from fast food to health care to housing is hitting the highs today. Is america about to give way to the comeback kids well debate a stock bender this year with tesla a sneaker