Since march 20th microsoft is in midst of its second negative week in a row. Amazon is positive for the moment if it closed lower it will be the fourth straight negative session. Facebook, will have its fourth straight negative session as well also pacing for the worst week since midjune are we at a tipping point, pete, for some of these big tech names . I dont know that i call it a tipping point. I think id sort of more tab this something of little bit of a rotation i dont know how long that will last well see. Its just in the early stages of this well see how much pressure really does get put on i think the names are very favorable. I think theres a lot of reasons to like the names. It makes some sense that we would see pause there. We have seen a bit of a pick up. You look at financials and especially the regional financial names and see a bit of something thats showing some signs of a little bit of life. Well see if that can last as well i can tell you this, right after the earnings, we saw jpmorgan get over 100 can they start to really move. Can the financials get any kind of wind underneath them to push them a bit to the upside and continue some of this rotation or is this just sort of like a hiccup right now and we see some of that money come back into the nasdaq world i think we will. Its not just the tech names its the biotech names thats been getting hit the last couple of sessions where were watching the xbi and ibb go to the downside this is a nasdaq issue, not just the top five stocks. We are seeing pressure now i think in some cases its an opportunity the buy back in. This is a moment of truth for some of these big tech names youre seeing it today too the nasdaq is way off its lows even some of the names negative have been bought any weakness of late in any of many marquee names has been bought well see this time if that holes true once again. Well see tech is so incredibly crowded. Its 26 of the s p 500. We all know they had huge out performance. The expectations are so high i think its very bad set up into the print nvidia, paypal and zoom a 86 from the march lows. Even into this pull back its not really that compelling, at least to me. You know ive been in that seller selling of facebook and trimming of amazon. Id be happy to buy them back. Theyre not down enough and are still very, very crowded whats important and exacerbating the rotation is this rotation that were seeing on the macro Inflation Expectations are starting to inch up a bit. The dollar is weakening. That usually is good for cyclicals and value and risk on assets i thought it was interesting that the iwm was green it was green for most of the day and out performed relative to any other benchmark. We could struggle a bit. Lets get through earnings sometimes you get chances. I think we want to wait until after earnings the pressure going into the pri print. Thursday, alphabet and amazon and apple. How much is riding on those reports given the moves up in the stocks and now a struggle in some of those names. The q is at 255 still like 35 points above the rising 200 day. We could still remain in an up trend and have a much more substantial correction of these names than we have seen so far the has happened recently. We saw this in the sec week of may and we saw it happen in first week of june theres some element of that happening now. T perfectly normal it happens all the time. When it happens in the biggest, most liquid, most likely followed and most talked about stocks, its pronounced. We all sit up and Pay Attention. How much is amazon down this week its something that we should Pay Attention to i dont think its a reason to change our mind set about whats working and what isnt again, as i alluded to, take a look at home builders. They look outstanding approximate while te while tech was getting hit yesterday, the two most widely followed etfs both made new highs. They continue to break out i could understand fiebds a lot of names individually in there from the companies that build houses and even home depot and lows look terrific you have opportunities in places outside of tech an thats positive just snapped a ten year down flends that pair thats something that caught a lot of peoples attention. You look at the metals complex you see silver, the miners doing well the material sector, xlb its a small part of the market. We dont talk about names on the show they are. Your point is well taken steph mentioned the dollar as well i get it are you suggesting you could have a more substantial krek coming once again in megacap tech josh shot is frozen. Shannon, is that what you think could be in the cards . I dont disagree with joshs points but i want to go back to something that pete pointed out. The fundamentals for these companies despite the fact were seeing these loftier valuations are still very attractive longer term do you get a rotation where you can get another five, seven, 10 off the top. That would be concerning for the average s p 500 investor given the concentration that stephanie talked about if dwro im not sure anything has changed in the narrative particularly for a name like mic microsoft after the report yesterday. Could this be a buying opportunity, absolutely. We cannot ride high and expect us to get enthiusiastic about te market in 2021 it offers the opportunity for people to add to these quality positions and technology and in Communication Services it will create panic for those that have a lot of s p 500 exposure given the concentration. Rotation s have been short lived. Is this time different i dont think this time is different. Theres two aspects. The valuation of tech and the Growth Potential when you look at the valuation and five, six, seven different ones, tech is getting a bit stretched on the valuation metric almost all of them except for one. Thats multiple two growth the fact of the matter is the p e to growth Ratio Technology is in line with the tenyear average and slightly cheap to the s p. The reason why you do not sell tech, you add to it is because tech is where the growth is. Look at this Earnings Report the q2 earnings are down 38 if you look at technology shares, they are basically flat. I think as you look out for the next several years, tech earnings will continue to out perform the s p and therefore this tech shares should out perform. I just have hard time betting against tech when that will be the trend for the next several years. Its not a sell the tech situation. Its rotate within technology. Cloud has been the big winner of the first half of the year this is where i would be looking at josh, you suggested some of these names were over valued they were over crowded but the technicals were lining up still behind those stocks. You think you could have a more substantial correction yeah. The ability is not have people have made money in the stocks. The ability to endure corrections is how people have made money in the stocks the ability to sit in nvidia in a 30 draw down and not change your mind is why you can end up with gain of 2 or 300 thats the way to think about stocks as an investor. As trader, your strategy might require you to try to suss out the beginning of these corrections and maybe jump out the way. Thats not the game i ever played well and i dont pretend to i think the answer could be both the answer could be yes, technically the stocks are extremely extended and now they are going into Earnings Reports where they are reporting good earnings but the expectations are so high that almost nothing they say can satisfy that. Thats one reasonable thing to say. Like at microsoft sure. The other reasonable thing to say fine. Microsoft. Microsoft went into its earnings at 35 times trailing 12 months earnings everybody gets they are doing that i get we have to strike a balance. Yes, there are going to be these periodic quakes in the space theres a lot of hot money in there. Theres a lot of new investors and they will be volatile. The key to having made money in names has been to eat the corrections and learn to live with it. Not try the out guess every one else about when they will happen well, i think given those names, i would say amazon probably would be the most i say that because of the fact we know how great amazon is. We understand the Balance Sheet as well. We also look at the p e. You look at the multiple there and its always been something of a head scratcher for everybody. If youre any type of value type person, its really difficult. I know steph has jumped in there a couple of times and done well. I get it i think of all the names thats one of the names where if you want to talk about stretched, its absolutely flown to the upside. You look at the p e level of that particular name versus a microsoft, apple, facebook, any of them. And its a lot different, scott. They have to show everybody that they still are the king. Not of ecommerce, of aws. I always come back to this this company is about aws. If they continue to do well but if they are holding up like for the last couple of quarters, i think they will be just fine the p e level stands out for me. To petes point, amazon is up 61 over the last six months youve documented your history of trimming amazon is this the one you think is most vulnerable out of those big four i do. Facebook too but i think facebook has other problems that will cap the multiple and have to increase their expenses because of this whole advertising mess amazon is up 78 from the march lows we know its stay at home, work from home beneficiary. Who doesnt know that. I expect a very Strong Quarter i also expect them to increase their invest ms agaments again. Im a very big operating leverage fan i want margins to go up. Last quarter it was 33 Constant Currency growth. Microsoft accelerated. Lets see what aws can post. I think, i would love to get back into this i really would i took the money off the table took my profits and own a small piece now. Shannon you own it as well. The street is not backing down as all even with the really credible and cogent points that have been made by everybody about amazon credit swiss goes to 3400. We had highest street targets raised this week for name like amaz amazon are you worried about that stock . This is one of our highest conviction probably top one or two names coming into this year. Im worried a bit about the i think to petes point, a lot of emphasis has been put on the ecommerce we have seen perhaps some of that demand pulled forward i would say, my concerns, i understand the valuation but i cant express enough i think facebook is most vulnerable just because theres a lot of negative sentiment here if they have anything disappointing in that report, whether its the numbers or the guidance, i think that people would love to have an opportunity and a rational to trim some of their position in facebook im concerned about amazon theres always the opportunity they are likely to increase spending they already have based on covid reaction they already increased their spend well above whats expected this year. That could continue. Im most concerned about facebook josh, which one would it be for you . I think facebook, there was a time where you could have a recession and people could be concerned about the overall spending on advertising and it wouldnt matter to facebook because even if the pie was shrinking, they were gobbling up so much more of the pie that from a secular standpoint they were shielded. I now think facebook and alphabet are so large they are the market share and that a shrinking pie does have a cyclical impact on their business i think they have crossed over that thresholds where you could make the argument they will continue to eat market share so who cares about the macro. These two are susceptible to a downturn in ad spending. If were going to be in this environment and 20 Million People collecting unemployment and businesses having the uncertainty that they do, ad spend is not going to be great i agree with every one on the panel. I think facebook does have the most susceptible to that that stock that is turning negative is down today, it will be the fourth straight negative session. You have to keep your eyes on amazon as well looking for its fourth straight negative session as well mildly positive when we came on the air but its turned negative lets keep our eyes tuned there. Not a Single Person here today is worried about apple and its report at all. Its so interesting. Shannon, why not teflon or what i think the report is less of a concern to me honestly than whats happening with china. I would say my apple concerns are compartmentalized a bit. I think a delay on 5g and steph you may have tweeted something out about this a couple of days ago. I think thats coming out of the note for the downgrade is any concern about the 5g roll out. Im putting my emphasis on whats happening in china and really trying to handicap that Going Forward to see what the impact could be in the back half of the year on this reacceleration. Hang on one second, josh. I do find it hard to believe that you think that if these names, which are going into such a pivotal week have a struggle that theres going be a reation that will keep the market going higher isnt the market overall going to have a problem if these heavily weighted stocks have an issue . You may have the index map issue and it may be we have a day like today with the broad index gets dragged down but some of these names not meeting the expectations, but overall we have to look at where the growth trajectory is. I think Something Like apple or samsung are well positioned to roll out their 5g phones its interesting we had two Semiconductor Companies report and they had very Different Things to say about the state of their business i think youll see a lot of strength in their pipelines. These are the types of names that i want to be tied to. For all the hype we have had around 5g, only 5 of the global population covered by 5g today well go to 55 in the next three years. The opportunity there to invest in the smart phone infrastructure is really pretty meaningful scott, i think despite the potential underperformance of the megacap names theres significant opportunity here its not just the megacap tech names that were watching very closely today its intel too, which is having one of its worst days in an awfully long time for variety of reasons related to earnings whether its a delay of chips. The stock is down 15 . Im sure you recall that jim owns it. Here is what he said about this stock recently it employees away the amds, the microns. Intel has a number of irons in the fire their overall business is growing as overall Computing Power grows. They are the second biggest chip company in the world jim are you there im here. This one is in danger of going awry what are you doing with your position in stock as it craters . Im own up to deserving the tweak there. Some of what you played is true about sales growth and margins here is whats also true and new today is they are crewing up operationally. Its just as simple as that. We were dealing with the operational issues on the chips and that was painful to go through. Now well go through the same thing. That outweighs anything that they are doing with sales and margin here is the take away. Investing is supposed to be fun and not supposed to be as hard as this stock is making it i can make a case based on its performance over the five years i owned it and sales and margins to hold it im not going to im going to be selling into strength when ever that comes over the coming weeks. This is not day to sell it knock down 15 thats an overreaction going back to the overall thesis that it doesnt have to be this hard there are so many Semiconductor Stocks out there that are doing well and not having these specific operational issues, i will be selling it in the mid50s, which i expect it will be in the coming days. Stacy said, and im quoting, the stock is unownable this from the report after the call ordinarily we frown on moving ratings on earnings night but this was the worst we have seen in our career covering the company. What if this thing goes lower . Youre at risk of trapping yourself here and sell it for an even lower price than its trading today . Youre factually correct. Thats always the risk i look at it about ten times earnings not very much debt on the Balance Sheet. I go back to they have been growing margins. This is this not worth down 15 . Was it worth down 5 you bet. Thats really where the delta lies ive got to be prundent in how manage this. I will take my chances that i get out of it in the mid50s one thing is for sure, im tired of these conversations and i dont want to have them anymore. In the menear future, we wont e happen them. Steph, you own stock as well. What do you do with it today this is about all the push out after they had problems with the 10 nanometer push out. They are considering outsourcing some of the manufacturing for this is incredible to me they are admitting they cant do it the margin fell 700 basis points year over year ta are going lower they dont have protective margins. Josh, i want you to weigh in and i want to give jim the last word lets pull up a chart of amd this is a stock up 50 year to date intel is down 14 year to date im not sure on what planet intel has been blowing away amd. On this delay going into the first half of 2023, amd will continue to eat their lunch. Now you have big potential customers and existing customers like apple saying well make our own chips and the worst thing about intel is that this is occurring sbe inring against th for an amazing moment for the semiconductor cycle. Great call by steve wiess that stock is ripping it as youre talking about amd and ill give the table back to you, josh, it is trading at an all time high today. Correct people would say its less expensive. Thats always the trap it never works the idea this thing is cheap stop. Stop josh youre piling on and its unnecessary. Here is the point. This is specific to intel. Doesnt have anything to do with how cheap it was if you knew that going in, god bless you but to say this was knowable because it was cheap and anybody i heard ten times earnings. Thats an unnecessary flex. Fair. I ahead ten times earnings, but my point is, not to you but in general, should never enter into the conversation its an industry in a massive bull market now. I hope its clear youre not hearing me defending the clear im looking for the exit we understand you shouldnt have to i agree. We appreciate you being stand up about it too and your willingness to call in absolutely. Pete, you wrap up the conversation you bought amd calls today you used to own intel. How about the fact they blew it when they had the opportunity and have to announce they delaying. They bought 55,000 on july 2nd 55,000 amd calls stong was significantly lower than it is right now they continue even today its hit two different times today for usual activity and buying out into the future a bit. Is there more upside, potentially for amd, sure there is when will intel ever get there to start competing we know the answer is its going to take a while. There are winners and losers you do start to wonder and i understand what josh is talking about. I see where its trading and despite the fact i own calls, it does feel like maybe its getting a little bit stretched there is some upside but you have some danger there as well i dont own the stock but i do own the options. Its half of petes unusual activity today thats what you were talking about. Josh, go ahead i just want to say one thing that makes this year unique and i think explains why people are saying up for amd and nvidia is the game console cycle youre getting a new playstation, the ps5 for christmas this year at the same time youre getting the xbox series x or whatever theyre calling it you have this massive console cycle hitting at the exact same time that every one around the world is stuck at home i think it goes way toward explaining why people are playing elevated multiples for these stocks good point you made micron getting beat up a bit. I think they can participate in the 5g world more so than people reading into it. I think thats a really Interesting Company thats getting sold off along with some of the other semis we have a split right now. You have the huge winners and youve got the huge loser in intel but others that are getting dragged down i think theres opportunity throughout that space. These are stocks sell an upside call where im getting far more premium despite the fact the vix has come down it gives me an opportunity to give myself some Downside Protection pfr is there a chip name thao like best . Shannon. Oh, me. I didnt hear you. I think we dont own any chips right now. I kind of agree with josh. I think this gaming cycle is going to continue. I dont think were to see i think nvidia is pretty expensive but if you had any opportunity to add to that stock with the Artificial Intelligence expos e exposure, i think thats a great buy. Electric viehicles is another space i would look at. Its telling that all we have talked about is the semiconductors because thats clearly where the growth and the cyclical momentum is thank you for being here. Good to hear from you again. Straight ahead, the bank call that goldman says is best in class well debate it in our call of the day. We do have with us a special guest today. Sports radio giant Mike Francesa he talks stocks and sports you definitely know that its a big day for mike. Well explain when he joinus as bit later on were back after this. Save hundreds on your wireless bill 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 back lets get the headlines now. Here is whats happening at this hour florida has become the third state to confirm more than 400,000 cases of coronavirus with over 12,400 cases in the last 24 hours. Hospitalizations did fall by 300 to about 9300. You can go to cnbc. Com to see where the case surge is flat ping out formula one has cancelled three races including the u. S. Grand prix in austin, texas. The mayor says the decision is heartbreaking. President trump tweeting the head of the Senate Arms Service committee will not change the names of u. S. Military bases including ft. Hood in texas. This despite the Senate Passing a bill yesterday that would rename ten army bases honoring confederate leaders. In san francisco, a Chinese Research who took refuge is now in u. S. Custody. Shes charged with visa fraud for not disclosing she served in the Chinese Military youre up to date. Back to you. Appreciate it. Thank you. Another bullish call today on the banks. This time jpmorgan upgraded to a buy. 116 is the price target that coming today from goldman sachs. Its our call of the day we had maybe a call of the week from jim kramer a few days ago when he was on this program about jpmorgan and wells fargo lets listen jpmorgan is not the stock to own. I own it because of some silly thing called diversification i have single stock risk in apple and facebook and alphabet and microsoft. Ive got it. Steph, im going to go to you first because you own wells fargo and made the case that is the one to own why . I own three i own wells fargo, bank of america and Morgan Stanley they are all storied stocks. I understand why people want to own jpmorgan its quality great ceo. Everybody knows jamie diomn the its a Great Company but also the mosti expensive stock its also more of a defensive bank its the ceo making these substantial changes to the executive team theres a ton of costs they can take out they will lay off probably about 10,000 people. Theres room on the margin side as well. I think they tyke enouook enou e reserves josh brown, you made the case and i remember you making the case on multiple occasions that any time jpmorgan has gotten around this level towards 100 bucks, it always gets over 100 bucks. Full disclosure, jim kramer owns it he oewns it he feels stuck in it he says wells fargo is a better place to be. What about this call, not jpmorgan not in this market i agree with everything stephanie said i just reach a different conclusion based on what she said im not as hopeful about a banking rebound in the second half of this year. I think shes more optimistic about the economy and the chance for a cyclical upturn. Im not. Thats why i would take the same set of facts she just laid out which are undeaniablely true and bias myself ward being pmorgan. If were back to 2. 5, 3 gdp growth in the second of this year, which is possible, i agree wells fargo and other cheaper, more downtrodden banks that are more susceptible will do better, like stock wise. Its total return. If things dont go well, i think i will be more protected than, for example, a Morgan Stanley. Both, either scenario could play out. I think two investors could look at the same set of facts and reach a different conclusion about what they want thats where i am. Shannon, krames says dont own jpmorgan it was said today to own it. The target goes to 116 whose right . I think i want to own jpmorgan i own it i like own it. Jim is not going to be offended i promise. Hes not going to be offended if you think goldman is right its okay. I think goldman is right. He is take it he gets it he owns it i think its because i would rather lever myself in the back half of this year to an economic recovery and other value sectors. Coming into this year, we talked all about how financials needed to lead the way on the value rotation i dont think that is where i want to put my chips in value rotation black stone we talk about a lot of Different Things we talk about financials in so many different ways. Black stone stood out because we had some unusual option activity they are buying the august 57 call stock was trading under 56 at the time i like these calls a lot josh talked about the material space. I like that risk reward. I think theres a great opportunity as well. I think well see some of these metals to move to the upside in a real significant way in the next couple of weeks pete, thank you gold is topping 1900 for the First Time Since 2011. Well find out how the future traders are playing that sports radio giant joins us today. His last radio show on new yorks wfan. Well talk to m outh ahiabt atnd the market in two minutes. On your interests findd or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. 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. Exlookentertainmentour experience xfinity x1. Its the easiest way to watch live tv and all your favorite streaming apps. Plus, x1 also includes peacock premium at no extra cost. This baby is the total package. It streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. Yup, the best really did get better. Magnificent. Xfinity x1 just got even better, with peacock premium included at no additional cost. No strings attached. Time now for futures o outlook. Lets look at gold today it tops 1900 for the First Time Since 2011 scott, you first where are we going well, i think were going to go sideways. Were down for little while. The dollar index has made a new 52week low just today they have done so much good that gold is now over bought. I would be waiting about 77 on the daily basis. I would be waiting until about 18. 50. Its great rally but its been over time. Lets wait for a little while now. Does it all depend on the dollar a lot of it is the tlar thats what drove it first look at 2011 now were sitting on trillions more in debt we have seen gold engulf that whip saw move. Yes, its over bought like scott said and i think its off to the races. If you look at whats going on, if we get more stimulus here that exceeds a trillion dollars, those gold traders will be buying gold. Slhave a good weekend. Mike francesa is with us were back after this. Welcome back one of our favorite viewers is hanging up the mic for the second, and possibly last time Mike Francesa says he is doing his last show. Mike, nice to have you back. I always love tawatching you guys in between golf thank you for having me on regarding your decision, is this it for good im not retiring, but as far as doing something every day appointment, it is the pandemic was part of this. Things have changed. A lot of sports, i think theyre going to change for a while, and ever since it started and they did ask us to take a cut a while ago, 20 i told them if i can save any jobs, i will step away completely they said no i told them it was on the table if they needed it. I said, you know, id like to be free to do some Different Things my kids will be visiting colleges soon. I have three in high school. I want to go make the visits with them. Im very involved in investments, im very involved in my horses i like to travel a little bit and not worry about a show daily, so i said id like to step away. They said, whatever you want, youve earned it would you please stay until sports come back we had this planned that as soon as sports came back, i would step away. We kept it a good secret i announced last night, and today will be the last day ive had an incredible run its time for the next generation to take over. Im not saying ill never be on as a guest, im not saying i wont be involved in a couple other projects that could come up in Different Things ive had a couple offers, one for twitch, a couple Different Things thats possible. But i like doing the investments, i like spending more time with my family, as well as my wife and kids i want to make college vichsits with them the next couple years. Thats my main job as a dad right now and i want to do that. Your ofish yafficiator joshe i screwed up on a few things. I sold half after holding for months, and i sold twilio and fastly the day before earnings at earnings it went through the roof i kept half but that was a bonehead move. Ive been with them forever. Its never taken off i think they did a bad job running the company. The stocks has gotten higher i never sold it from my initial buys i hate when people come on and think theyve done everything right. I think a lot of people do. Josh, what do you think fastly, twilio i screwed up because i never bought fastly and the stock is up 50 since march that is a big oversight on my part, because i understand this delivery, content Delivery Networks they have historically been occupied by acmi limelight networks, cloudflare the thing with fastly now, though, even in a scepter, mike, every company is hugely overvalued relative to history this one is the most this is i think 40 times sales, which i dont know how it ever grows into that, but to your point, it hasnt really mattered yet they report earnings, they put up big numbers, its an amazing world story. Congratulations on it. How long are you going to hold on to it for ive been with it since it was 30 i broke 100 with it. Then it tailed back 30 points. I told you i sold half of twilio because i was so ahead on it, and then the day of earnings it went crazy and the next day it went even crazier. I kept half of that but i really screwed up with that ive always been a big amazon and apple guy. I never sell my shares i never have, so ive had to run up now amazon has come down a couple hundred points since it hit its high i never worry about that, i just worry about antitrust. I never worry about the business ahead of everybody and everything im always a believer in apple i have it as a core in the kids accounts that i manage for them. I never sell it, i never think of selling it, ever. Those two are always with me i never sell them. And i do trade other things, and right now i cant find i dont like ive never been in energy any time ive tried to jump into energy, ive gotten destroyed. I havent done well on the banks, so ive stayed away from them ive only been playing tech that hit. Ive done really well, like a lot of people have, with the Cloud Companies like fastly, all the other ones but right now, i think josh is right. I think theyre overvalued if the pandemic gets worse, and it looks like its heading that direction that we could get a huge correction, so ive been leary of that. I dont worry about, like i said, amazon or apple, but i do worry about getting half the other stocks, and probably a good time to sell, but im daring ive always been a daring investor, thats just my way, so i will stay in understood. Congrats on your run we wish you all the best thank you for coming on today, and you have a home and a voice here whenever you want to come on and talk some stocks. I love it i watch you guys every day youre a great value to all the investment people, and i tell you, its not only entertaining, its incredibly informative, and you guys do a tremendous job i wouldnt know what to do without you guys, so im there every day. We thank you for that you be well. Thats Mike Francesa joining us today on what is his last day at wfan dont miss tonights cnbc special report, summer school. Josh holland is joining them josh, what kind of Financial Advice are we going to get tonight . Were going to talk about so many different topics in such a condensed amount of time it will feel like a whirlwind, but you will turn off the tv and say, im a much smarter investor and i feel much more confident in my retirement plans, et cetera, by the time were done Frank Holland is ready to kill it, im ready to kill it 6 00 tonight, do not miss it tell your friends. Its going to be great well definitely be there look forward to that good luck tonight. Lets do final trades. Shannon, you get first great we just bought l3 harris defense company. We went out of Raytheon Technologies for this, wanted more l3 is the way the military is going. Good margins, strong equity, really like this stock the linkster. Stephanie link, youre up. Raytheon. I like the technologies of raytheon great cash flow generation in the next few years 3. 2 dividend yield and 3. 4 cash yield i like that one. Interesting that shannon just said she sold it and moved to l3 i did own l3 for years. Great company, great management. Pete . My final trade is going to be amd just because they continue to buy theyre buying in august, theyre buying in september, theyre buying a little more time they expect more upside, scott give us your final trade. I would just reiterate, im staying with j. P. Morgan versus other banks that may have more upside im looking for more defense the dow is down 150 keep your eye on tech for certain given where the nasdaq has been and those huge Earnings Reports that lie ahead next week thank you for watching have a great weekend the exchange with kelly starts right now. Thank you, scott hi, everybody. Heres whats ahead. Stocks are ending the week in a foul mood and escalating wars in china and a constellation with beiji beijing. The treasurey yield intel is feasting on the chip fumble, so wh
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