Charts in the market later wegoer up for another big round of earnings. Four names that need to be on your radar as we head into next week but we start, you figured it, with breaking news on the election it has been 64 hours since polls closed in america and the vote counting continues in five key Battle Ground states lets get right to you it is friday evening and we dont have a decision in the election, but the panel you showed shows the trend line, which is joe biden having the lead now in most of these states lets whip around the most important ones pennsylvania is the whole ball of wax if you look, biden 49. 5 and trump 49. 3 there is a difference of more than 14,000 votes. It is a squeaker too close to call. 20 Electoral College votes if biden would win that, the election is over donald trump cant win without securing pennsylvania. And georgia, we saw a lot of voting coming in in Fulton County that too close to call as well 49. 4 for biden and 49. 3 for trump. So a lead but slim and similar picture in arizona 11 electoral votes in arizona. Too close to call. Biden 49. 9 and biden 48. 6. A difference of nearly 40,000 votes in arizona in nevada also a similar picture. In nevada you see 49. 7 for biden and 48. 1 for president trump, a difference just over 20,000. All of these are close but trending in the Vice President s direction for the most part. We are waiting to see whether the Vice President will address the nation tonight we were given indication earlier today that he likely would without any calls, it will be a question whether he addresses the nation you anticipated my question the news was that mr. Biden would speak to the nation tonight. It would be a dicey thing to do before at least enough of these states are called to put him over the top the politics of that are tricky he is speci especially because biden came out earlier this week and said it is not for me or donald trump to decide this election. Its up to the people. So to go back and declare victory would be waffling. The president has already declared victory and he doesnt have one either. A lot of eyes on wilmington, delaware i have been talking to biden folks about the transition if they pull this out they said they are not expecting to name economic officials until nearly december. They are planning to mirror Barack Obamas timeline. Dont think just because we get a winner, we will know the names that matter to cnbc. In terms of the president , if he loses here, talking to an administration official, this person says the president will be firing some people and issuing some pardons he said all of the people on the chopping block are the a few, including anthony fauci. This week there was a rally with no results. The s p 500 gained every sector finished in green so as we head into the weekend with no election winner announced, pete, how are you setting up for next week what are you going to do and going to tell us if you go back to last wednesday, we saw the move about there. We saw a volatility index around 40 today we closed around 25. It wasnt about just coming towards tuesday. It wasnt the results of the election, but getting to the election and the leadup. You look at the nasdaq up 900 points people getting more comfortable. We are getting towards this election finally we knew there would be a pause we knew if it got close at all, there would be a pause and we probably wouldnt have a winner declared wednesday and we didnt. It will extend out people i think will be excited about the market but it went back to Technology Look what happened with microsoft and amazon and apple, all trading nicely after a tough week at the end of the week for some of those on the nasdaq side i think we will continue to extend this to the upside as people filter through and decide who is the president right now it is leaning towards Vice President biden steve grasso, it felt like the market went into victory formation and the quarterback scrunched down because they didnt want to do anything ahead of the weekend lets start off with i am surprised you didnt pick up on what he said if and when trump finally concedes, he will break china. Did you hear that, tyler so lets just take another step back about taking a knee as a quarterback. Pete knows this as well. If you look at the value names, you have ge up 33 in 25 days. The stock you never heard of is up 53 in 25 days. This is where the performance is coming from, all of the value plays, diverse chemical plays. What better value play or deep cyclical value play can you get other than ge. Apple during that same time frame, 1 1 2 profit iwm is up 10 . I will push back and say we talked about it a little bit last night what is the bigger thing to worry about . The senate isnt it sneaky under radar that that perdue seat in georgia, it will be a runoff both seats could be a runoff that means kamala could be the tiebreaker so you want to add to or hold your value positions he makes the case for value, the unloved getting loved. What do you think . Good points it is not that we have an outcome already. Its the market trading on what the expectations are we spoke about getting comfortable with a blue wave or sleep and what that meant in terms of yield curve, what that meant about taxes, technology, et cetera. I think the first, second and third priority is the virus. We have an indication that it looks like former Vice President biden will be assuming the presidency i think that bodes well for how we will be handling the Global PandemicGoing Forward and a gridlock in terms of congress that looks like there wont be Sweeping Democratic or liberal changes. There wont be massive increases in terms of the tax code, regulation on technology, the if i financial secretary ri sev sect there will be value, but i think thats about money coming in and being put in from the sidelines rather than selling to avoid taxes and moving out of technology into value plays. I think you will see more money flowing into both sectors across the board. Keep in mind, the top four tech names are 20, 25 of the market. I dont see how we will have a tremendous lift to the upside without those still participating. Lets move to jeff mills and get your take. There will be multiple court cases, probably goingup a much the way up to the supreme court. Where would you move any incremental chips out . There are so many unknowns. I am trying to focus on the knowns one is that the narrow House Majority they have thats being undercovered. I think that could have an impact even under a democratic sweep scenario you get a tax hike, but maybe a less one you get a stimulus, but probably a smaller one. I think that keeps a lid on rates. That is good for housing and trend builders already in place. I think about the dollar assuming we get a president biden, he can do a lot on the foreign front. He can remove tariffs. And to wrap it up, i think the blue wave had pulled money towards that trade and accelerated it, but i dont think that shift happens i think it does. First of all, i think you have the recovery intact. Decent employment numbers today. Earnings, companies boating the earnings average by three or four you end up with some stimulus, a vaccine, earnings growth, you have materials and discretionary materials set to grow over the next couple years. Lets see how to play the markets as we get closer to an answer on the market michelle, did i pronounce your name right lets assume that mr. Biden asen ascends to the presidency next january 20 we know the democrats with a narrow majority will hold onto the house. What sectors benefit under a divided government scenario . I think you are looking at strength pushing into energy because it has been so weak this year now we know that regulation of energy is not going to be what we thought it was. Here in texas there wont be an end to fracking. Looking at the factor, wont be a press for regulation on those. Every time we come out of an election, health care usually does well. I think that will be more so the case now that we know there will probably be less changes in that area as well let me push back on energy. I see how health care could be a beneficiary because changes would need legislation behind them but there is a lot of power to do things in regulatory fashion to energy, through the epa, fuel guidelines for cars and so forth. Expand on why energy could be a beneficiary under biden when he said three weeks ago he wants to unwind americas dependence on fossil fuels i think there would have been more of a fear of that possibility if we indeed had a blue wave. That is not the case now you will have a lot of senators, people in congress, that their constituents are depending on those jobs when you are looking at the average fracking job being 60,000 a year, i think that will be a tough sell to have regulation added into that area. A quick final thought. A Biden Administration will have what impact on china is it favorable for alibaba . It is definitely favorable. We have had a weakening dollar, and now that china will have less concessions, i think you will see more emphasis on the merging market side of the po portfolio, the alibaba, the semiconductors of the world will do better than the past. I like that part of the world versus some other parts of the world, europe, for instance. Michelle, thanks for spendin time with us pete, lets look at these ideas. What is your reaction . Listening to michelle, i am on board a couple of those we all know there have been issues for a long period of time that may change in the not too distant future about they are making money in so many other areas, that i think this is an area that has more upside. I like financials and health care we have seen great performance this week. I think there is plenty of upside across the board. I think there are different aspects that can work to the upside i agree with michelle on those we will talk later on the health care names. Meanwhile we have breaking news on biogen a panel of outside advisers to the fda just concluded their vote on whether to support biojen it was negative. This is after the huge spike we see at the end of the stock chart. Why this drug is so important to biogen they discontinued trials after they got evidence it wasnt working. And then they got word it might work so we got the sign the fda was looking at this positively and that caused the stock to bump up the stock has been halted as they did this vote the outside panel of advisers said it looks like it doesnt work. The fda doesnt have to listen to them. Many expect that because the fda was so positive, they expect them to approve it thats confusing to explain. The stock should open tonight or monday and we will see how much the market is listening to this negative vote. Interesting an intermediate step on a long trail. As meg just spelled it out, there is not a death knenel fors drug how much might it sell for throughout the night and into monday one of our Research Analysts put out a note this drug is massively important to biogen. If this does not go well, i think you will give that back and then some. This is not necessarily a deathnell, but i would be careful with the name. Y coming up, one of our traders saif you missed out on the run, there is a chance to get in we will give you that trade when we come back welcome back shares of roku jumped today, rallying after a strong earnings what is your take on roku . They grew revenues by 73 , grew their user base by 40 . Pete and tyler and i aregiving away these tvs to every new follower on twitter. Hashtag just kidding but i will say this, all you technicians understand this. It checks back to its 50 day habitually and that is 20 lower than the current stock price lets say it has a rising 50day moving average you are due for 15 . Check that wait and then you can buy it cheaper and have a great deal longer term. It is all about when you buy and sell, not necessarily what you buy. Thats right. When you look at this name, you say where is this thing from a pe perspective you could say that about a lot of companies we have talked about zoom and all these names. Roku, it is an unbelievable quarter they put up. But i like steves idea of waiting for a pullback and giving you a roadmap of when its a better time to buy. Up next, your final trades. Im 53. But in my mind im still 35. Thats why i take osteo biflex, to keep me moving the way i was made to. It nourishes and strengthens my joints for the long term. While helping with occasional joint stiffness. Osteo biflex. Time for the final horn. Pete, you go first i start with Marvel Technology this is going higher jeff . Its above the 45 level, i think it request go to 50 how about you, bonawyn i think you trade that range, ibb. Steve chewy up 100 , probably another 30 to the upside. Thanks, tyler. Thanks for letting me be part of the adult swim. Dont go anywhere. Iving the rig . If you care about economic equality and social justice, which firms are addressing it in their workplaces and their communities . For nearly 40 years, calvert has delivered competitive returns by investing in Companies Making a difference because we see value in doing good. Talk to your Financial Advisor about investing responsibly with calvert. Happy friday i am in tonight for melissa lee. We have a great show lined up for you tonight. Here is what is coming up. Perhaps you are feeling a little stressed out this week . Not to worry, a call on health care that could help ease your anxiety. Then, as if we havent all been inundated enough, tony has a utilities play that could turn on the water