Day as well. Weekly losses for small caps then what the guys were talking about the last hour the atlanta gdp, 5. 8 is what theyre looking at the ten year back higher, all put into the stew of how were supposed to think of where stocks go from here. The question for the viewer is, is the correction in its nature going to be deeper in the sense of what we witnessed in 2022 or similar to 2019 . There are two time periods to guide investors through what i believe will be in 2023. Very obviously you had an adversarial federal reserve, and the market declined from august 16 through october 13 by 19. 6 in the month of august, you oinl had 225 basis points worth of rate hikes you still had another 300 basis points yet to go and an overall down trend for the market now, in 2019, if you study that time frame, the same thing happened, scott. You went through this malaise in q3 from july 26 through october 3. The s p declined 5. 6 . Here is why i believe that 23 core relates to 2019 similar to 2019 the bull structure of markets all pointing higher. Lastly is the need for capital even if Interest Rates rise is not as aggressive. Why do i say that . If you look at southwest corporate debt, only 65 is whopping in its nature even if rates continue to move, theres not the sensitivity, the impact on servicing the debt were going to experience an extended correction through early october. I dont think it will be the depths of 2022 i think its garden variety between 5 to 7 is that how you see it, also, kari maybe the tenyear will be our guy or even goes higher from here, as long as the data remains as robust as it is, hard to imagine rates start to fall its unlikely rates will fall what it means to have a gdp growing at 5 means earnings should be stronger than expected we ought to have corporate earnings better than expected. What you saw in the market yesterday, to some extent today, home depot and target say things in july were better and were not an owner of target we are of home depot were trading at 20 times this year, 18 next year you look under the covers and they are trading at multiples that are attractive. We see earnings higher than forecast a declining forecast through the year, improving forecast and that could be the salvation for the market because we know Interest Rates are not coming down right now with the strength were having today but we dont have to see them going up more and we also can see inflation come down with rents and china affecting energy prices. Lets see how corporate earnings can progress jim will tell me the economy, as strong as it is, how do you weigh that against the view on rates and what it means for the fed . Great point joe brought this up, the debate we might have is whether the fed will raise 25 basis points or not at all in september. Compare that this is what you were doing, joe compare that to 15 months ago when we went into 2022 thinking maybe theyll raise three times. Somebody threw out maybe 50 basis points then four 75point basis hikes its a different tone in the market to your point not really your point, to your question where this goes off the rails, 5. 8 , its not actual but, fine they tend to exaggerate they do if inflation starts going the other way and we get back into what i described, hey, maybe the fed is raising 50 basis points if you look at cpi, rent is a lagging indicator, things like the used car index i dont think well see cpi inflect back up in a way that incentivizes the fed i want to simplify this down to one thing. You are bringing up home depot and target the consumer is fine, fine because theyre employed do you think its off there are times theyre off and sometimes off a lot. A full point, okay, 4. 8 thats unbelievable. Im sorry to interrupt, we should not be fearing positive news in the inflation cycle, where we are in the inflation cycle right now. We should be happy as heck are you talking to us or jay powell to the whole world including jay powell by the way, he wont admit this, he likes this, he likes that joblessness is not picking up. Hes getting his soft landing. Weiss, do you want to push back on anything youve heard . Everything. Not actually. Jim called the market. He said the market would be kind of soft and he reduced exposure. I have no idea what the market will do. The base case has been well absorbed by the market a soft landing, the fed is done, i dont think thats the case. To see the economy going the other way its bumping along at a steady pace. Im not so sure target said the consumer is okay change your spending habits. Theyre buying more necessities eating up more of the pocketbook theres not one stock im going to sell because of the 50 Day Moving Average protection is still fairly cheap. Pick up stocks on sale i will keep it at reasonable levels until that base case continues to atrophy, which is part of what were seeing now. Weve had multiple expansion 20 times next year is still not cheap. The future now is uncertain between china and the president ial election and everything else. If i told you, though, okay, if were growing even more bullish on where the economy can go based on lets take for face value just for the sake of the conversation itself, does that mean you need to grow less bullish about the stock market, the economy remains hotter than we think, its just going to keep rates elevated for a longer period of time and that makes you less positive on stocks . Thats a great point. The base case is rates are where they are, inflation is coming down the economy is growing at an accelerated pace the risk is now that doesnt occur. Inflation stays high where it is now which i believe is occurring. Used car prices are coming down. More autos are on the lots now supply chain eased up and the two pillars are housing as well as car prices as well as autos new construction of Single Family homes is going gangbusters. The rest including multifamily housing is starting to peter out a bit. To me, that is the risk. I dont think the economy is going to accelerate from here. I think it will weaken from here as weve had the rate hikes. Im market agnostic because i cant figure it out. I dont know its plenty and keep my 5 treasuries by 5. 7 goldman, and be happy from here on out. People thought they had it figured over have been run over by the market rally train. Then they piled in. Now were negative across the board. Theres the tenyear at 4. 22 and that continues to obviously impact sentiment a bit i think its risky right now to be too optimistic about the state of inflation and Interest Rates. Youve been more optimistic than most. All year and we looked silly for a while and then it became a good trade at the beginning of 2022 keep it in perspective. If you even want to call it a correction, its mild at most. Weve been talking about it because we havent had it. Whether its seasonality, i think were all trying to figure out to what degree should we care it doesnt really matter as much as in the past china sneezes and everyone else gets a cold. You suggest that doesnt matter as much. I think in an odd way economically if there are Deflationary Forces from china, they will emanate with europe. Europe is economically experiencing a recessionary envir environment. I think that will come here. It will mitigate some concerns about inflation staying relatively sticky. When you think about investing, i still believe theres opportunity there because, as you said yesterday you can go beyond just what is the opportunity in china you could look towards india, to brazil youre not buying china stocks the only china stock in the joet etf is china and it has lost momentum the last six to eight weeks. My tendency is not to buy stocks in china i think steve has done that very well he bought more alibaba, right, steve thats correct. Baba is a hold it is china. The dominant headline is china is weak, getting weaker. But i will take you back to january of 09, and right before that was december of 08 and the chinese economy at that time disappointed 6 or slightly below growth when it was growing much faster. And what did china do . They eased for four quarters in a row and you saw a major explosion upside in china in the economy. Youre going to see the same thing here china has no choice. I was disappointed earlier in the week when they came along with a real minor cut, but theyve got a new guy in the seat, number one not xi president xi pulls the strings youve seen dictators or president s for life and where are they they didnt serve out their lives. Xi is aware of that. He is going to cut massively thats my view alibaba is one of the cheapest stocks ive owned. That is about 10 billion a year and growing nicely think about companies in the u. S. China is far behind. So as they have the six other ipos, youre going to see that some of the parts really drive the value there. Single digit multiple but the base case is the chinese i will point out the last quarter without china easing, with the economy not in a tailspin but degrading, baba put up a good quarter. Look at the reaction today so the negatives are on china, which i know very well having sued a few Chinese Companies in the cayman courts where theyre domiciled. I believe the upside far, far exceeds the down side. Hedge funds are dumping chinese stocks in the month of august according to Goldman Sachs aggressively is the word they use jim, the other issue that we need to Pay Attention to because its the best performing group is tech. If you are hoping this is a simple correction and will reverse itself, youd better get serious stabilization if not a reversal in declines weve seen the last couple of weeks plus in tech stocks. That would be nice. I agree. I know im flying in the face of the tech darlings. I think you will get further pullbacks. When you have a year thats as up as we are this year and in particular the tech darlings nvidia is up 170 . Tesla is up over 100 . Thats the ripe apples on the tree for people to pluck when they want to take a vacation and they want to play the seasonality. Thats where they go you get to midseptember, maybe nvidia is around 400 maybe apple is around 160. This time last year apple was around 125 the perspective here matters youre right, scott, it would be nice if they started a rally for the market overall. Not nice, necessary necessary necessary is the key word ive been on the other side of that for quite some time. Lets not have that argument. No, no, no. I think its coming i dont think its an argument second of all, were going to have it. Its necessary its being born out. Its the only catalyst you can have right now let me grant you the point, concede, but the point im trying to make is i dont really care when were talking about for a month. Thats a great opportunity if nvidia, apple, microsoft all come down and it gives me better entry points, im happy even if it drags the rest of the market down well part of my point thank you, jim. Whats that, steve . I said, thank you, jim. Dont care about the market for the rest of us you know me you think i care about the next month . I dont. I think you will have a hard time convincing people lets not buy apple on whats been a couple week pullback or an industrial stock those companies, i dont know, pick my favorites, clevelandcliffs, cvs, these are companies that are generating so much cash flow right now while the rest of the world says i dont want them, the companies are buying back their shares for a longterm investor i see kari smiling here a longterm investor like kari and me who sees opportunities, these companies with cash flows buying back shares at these prices you would rather youre making the case you would rather buy cvs today than one of these for goodness sakes, i told you this you just made the case. The case i was making somebody in the audience might not own cvs. It depends on whats in your portfolio. I have plenty of cvs thats why my mind is there. It depends on where you are in your portfolio i understand your discipline is you dont care what happens in the market over the next six to eight weeks and over the long term, youre right we are talking about where we are right now seasonally, and its very clear, theres no catalyst for the market right now. Thats why whats going on with treasury yields and with china is so dominant in the headlines. You have an nvidia that could reverse some of whats in the market right now this time you cant do that. Kristina partsinevelos to my right here has sat down at a perfect time for a segue about nvidia, right. The street is getting more bullish. The stock has had a nice little bounce lets put it up again, please. Its down a little bit today but has had a nice couple of days bounceback its a lovefest amongst analysts theyre getting more bullish every day theres a new price target increase from whether it be wells fargo, deutsche bank, baird. Youve seen at least six come higher on nvidia the main thesis we see across all of these Analyst Reports is that companies are spending more money on ai builds, and nvidia is the leader right now, by providing the ai chips, the gpus there are no competitors in sight. They will continue to gain that market share it is an argument for nearterm success for the company, possibly in the next guidance, the quarter. The other successful factor, i guess, for nvidia is demand coming from china, front running a lot of orders because of export controls. We learned from the ft saudi arabia is purchasing nvidia chips. You have china, a bunch of companies, hyper scalers as well demand is clearly there. Yesterday on your show josh brown made the argument how can nvidia continue to blow past analyst expectations it was 50 past estimates the last quarter talking about guidance can they keep that momentum going when so many companies, countries, et cetera, are front running their orders right now to get a leg up on the ai push also the issue, hey, make sure you ask stacy ras con on closing bell about supply constraints because of the quality, quote, unquote, of the chips nvidia produces and their dominant position in that area, can they produce enough of what people want. That would taper down revenues the sole contractor for nvidia make their chips i listed the names that have want demand. That is a big issue now which is why it will be about this next year, how will this momentum go with front running orders. Jimmy is looking at it may 24 to may 25 the stock jumped 20 post earnings. The question josh was raising, options are implying an 11 move i think why the Analyst Community is still gathering around this overall positive sentiment is they see the explosion coming and they see the investment in software and in hardware and realize that if theres the supply demand coming off of taiwan semi and asml, i think you have to have a positive feeling that nvidia could surprise once again. Well see thank you, as always Kristina Partsinevelos here with us on set. Another check on the markets right now. We are at session lows the major average is negative across the board the tenyear note yield of, well, the yield is not falling its going up 4. 23 up next chart of the day. Its target. Stephanie link owns it she joins us next. You got this. Lets go. Gobble gobble. Ive seen bigger legs on a turkey rude. Who are you . Im an investor in a fund that helps advance innovative sports tech like this Smart Fitness mirror. Im also mr. Leg day. 1989 anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq100 innovations. I go through a lot of pants. Before investing carefully read and consider Fund Investment objectives, risks, charges, expenses and more in prospectus at invesco. Com. Nice footwork. Investment objectives, risks, charges, expenses man, youre lucky, watching live sports never used to be this easy. Now you can stream all your games like its nothing. Yes thats what im talking about. [ cheers ] running up and down that field looks tough. Its a pitch. Get way more into what youre into when you stream on the xfinity 10g network. Some people think you can only have one favorite team. Well i beg to differ. Thats why i got xfinity. So, i can catch all my favorite teams outofmarket sunday afternoon games. And for the first time ever, no dish needed. In a word its fitzcredible. No. I got it, fitzsational. I should trademark that. Eligible xfinity rewards members can get up to 100 off nfl sunday ticket from youtube. Sign up for xfinity rewards now. Lets do our charlott of te day. Its target. The stock by 3 to the upside. Our stephanie link owns it, joins us now so the beat is overshadowed thank you for being here the beat overshadowing the revenue miss and guidance, do we characterize this as good . Was it a good quarter . How do you assess it i think it was a mixed quarter, scott they missed on revenues. Comps down was about what i was thinking they would do kind of where i thought it would settle out i think the clear positive is the profitability in the quarter. Operating margins 4. 8 versus 1. 2 last year and Gross Margins were 27 versus 21. 5 last year so theyre making a lot of progress, and inventories fell 17 and inventories and discretionary fell 25 all of this if you wrap it up theyre doing better in terms of price increases, less markdowns and, also, better than expected freight costs. I think all in all it was a mixed quarter, but i think that you can theres a line of sight that this company can do Something Like 11 to 13 by 2025 and i think if you look at a longer term basis at 11 times that number the stock is down 26 from its highs, low expectations i think this is the beginning of the recovery you paint a scenario even you sound as though this stock will be in the pent box for a while you start throwing out 25, im thinking, well, a stock thats 50 plus off its 52week high is going to take a long time to get back to that level i think it will theres a line in sight that they can do 8 to 9 in fiscal 24, next year, and then 11 to 13 the real important point, though, inventories have plagued the company. Theyre now getting it under control and, again, theyre doing much better on the profitability side of things that i really care about because once we do get demand to come back, revenues top line, you get that positive operating leverage the stock is really attractive its 17 times earnings but thats trough earnings thats on this years earnings i dont think thats all that commanding as well you get a 3. 6 dividend yield and its a high Quality Company thats downandout and i think theres some upside going forward. Steph, i appreciate it. Thank you. Thats stephanie link back at our headquarters for you are you looking at this, kari, at all i looked at it two days ago and went through all of the numbers and went back several years. If you go back to 2019, in fact, the earnings were not too far from what they are going to be this year. If you look at 2022 last year the expectation was that we would be earning 14 if you look at the next fiscal year. The reason the target is in the penalty box, theyre disappointing investors. A loaded word for an investor people are getting tired. Its down more than 50 and the Online Business off 10. 5 not so great. Used to have a lovefest with target it had a higher multiple and that switched again. They have to show another quarter or two. Then theres tjx, a new record high on earnings beat, same store sales up 6. You own it in the t. Remarkable. They expectsame store sales to be up 3 to 4 previously guided to 3 to 2 . This is a Consumer Discretionary stock. What target is, costco, walmart, and one of the problems for Consumer Staples stocks the yield has fallen theres something inherent relative to costco and walmart i have done an awful job i have traded walmart awful. Tomorrow before the bell. Then they have the grocery business that should insulate them that target maybe has experienced. With a systemic rulesbased approach ive owned costco through the etf since july of 2021 never shaken out of it never questioned, just followed the rules and stayed in it you can see what costco has done since then my ownfoolishness has taken me out several times. Weiss, Dicks Sporting Goods is the only retail discretionary play you have right now, right theyre next tuesday reporting its been a great stock theyll report next tuesday. Valuation has creeped up still reasonably priced. If i see it go through the 150 level, the momentum is phenomenal even on down days like today you continue to see trade up its such an experience to pick out by Sporting Goods equipment, pick out clothing. Try it on. Its an experience i think thats why theyre doing so well. Plus, competition is very limited in terms of brick and mortar i like it. If you removed the name target and you put a Technology Name on there, the stock would be a defibrillator today. Im puzzled why its working so well i get that their margins are better do they have enough inventory to meet demand . Target over the last year or two has become more of just a normal retailer i wouldnt be too excited about it right here. Lets get the headlines with bertha coombs. Mike pence is speaking out for the first time on former president trumps georgia indictment the former Vice President and current president ial candidate told the National Conference of state legislatures that no one is above the law and that there was no Election Fraud in georgia. The tuohy family of blind side movie fame is calling former nfl star Michael Ohers claims that they enriched themselves at his expense, quote, outlandish and part of, quote, a shakedown the family is claiming oher threatened to plant a negative story about them nunless they paid him 15 million he filed a petition in court monday asking a judge to terminate a conservatorship initiated by the tuohys. And apple has moved the end call button back to the middle of the screen in its latest ios update it reverses a change the company had considered earlier this summer apple had been looking to move the button to the lower righthand corner, but when they move that button, i still cant work it out right when it comes up as a little popup at the top of your screen when youre opening Something Else nine times out of ten i hang up rather than answer maybe its just me you keep working on it, bertha im confident in you bertha coombs. Coming up, our call of the day. One firm see this is energy stock rallying more than 3078s joe owns it which means we debate it next announcer grade my trade. The Investment Committee will debate and grade it. upbeat music awww. Awww. Awww. Nope. Constant Contact delivers the Marketing Tools your Small Business needs to keep up, excel, and grow. Constant contact. Helping the small stand tall. Opportunity is using data to create a competitive advantage. Its raising capital to help companies change the world. Opportunity is making the dream of Home Ownership a reality. And driving the world forward to a Greener Energy future. [applause] sometimes the only thing standing between you and opportunity is someone who can make the connection. At ice, we connect people to opportunity. drumroll by lonis, Little League this just in got the keys to what you want and what you need something new Something Sweet moving to a different beat okay now what . can i get a get a drumroll . what . can i get a drumroll drumroll . what . can i get a can i get a drumroll please oohh thats nice yahh ya, can i get a drumroll, can i get a drum thats nice what if you could make analyzing a big banks data. No big deal . Go on. Well, what if you partner with ibm and red hat, use a hybrid Cloud Solution to connect data across clouds, then analyze all that data with watson. Okay, but this needs to meet our. Security standards . Yup. Compliance standards . Mmhmm. So they get the insights they need. Yup. In real time. Check. To make quick decisions . Check. Aaaand check. Thats the solution ibm and a global bank created. What will you create . Ibm. Lets create. Were back a news alert its been game on for u. S. Steel and those shares are getting a spike right there by near 4 on a report from reuters that the worlds second largest steel maker apparently considered a potential offer according to their sources. Clevelandcliffs was in the mix. The ceo thinks theyre going to get it done. They have other people who want to get in on the action. It strikes me that clevelandcliffs is the right suitor here. I think what you get there is a combined company where youre controlling the raw inputs youve got a mix of electric arc and blast furnaces you have the union, and this is probably the biggest point, the union only wants clevelandcliffs to buy the company. The arcelormittal, where politics are, this country wants a prounion u. S. Company to be in the top ten of market steel producers. They dont want an international company. I dont think theres any way they will let the company get taken over by an international company. Do you worry at all that if there are these alleged other suitors that it just drives the potential price up to a degree that you wouldnt want clevelandcliffs to do it . Maybe im more worried about anticompetitive issues. Im going to answer your question, but the Biggest Issue is anticompetitive, antitrust issues i think theyll get through it, but its not easy. Its not a layup to your question, though, i dont think so whats the company its not a strategic fit, like a clevelandcliffs where you combine where you strip out synergies of 500 million a year from a company, by the way, notorious for overpromising and under delivering let me answer your question. The current premium is 40 , 43 on u. S. Steel from fridays close. That still would be buying u. S. Steel at 70 of book value theres a little room. They have a good negotiator. Hes not going to get miss pockets picked weiss, you have owned clevelandcliffs from time to time yeah, i do. I have what was a bad salad in the 20s turned out to be good. High Quality Company i think its subject to economic vagaries and the view that i gave on autos is not particularly positive for the company. In terms of the acquisition, its very difficult, as you know, to get any m a done at this point i think the stock will settle back however, i wouldnt say smark doesnt have the synergies pretty smart, very wealthy family well leave it to them i dont think theyre sticking their finger in the air hoping this works you have a bidding war, which i find very interesting, given where Interest Rates are right now. And they said theyve had multiple levels of interest. If i owned it, i would probably take some off the table. If i didnt, i would stay away the acquisition will take a long time to close. An opportunity to buy it at a discount, whatever the it is, when the deal gets agreed to real quick, jimmy just on the synergies, steve, when you look at clevelandcliffs, they produce their own iron ore, they bought a scrap metal company. They have the scrap metal, the yield from auto manufacturing contracts. I just hear you, a smart company. I think the synergies are so obvious with clevelandcliffs and not with them. Des t oerntoli onheth si inext man what if my type 2 diabetes takes over . woman what if all i do isnt enough . Or what if i can do diabetes differently . avo now you can with onceweekly mounjaro. Mounjaro helps your body regulate blood sugar, and mounjaro can help decrease how much food you eat. 3 out of 4 people reached an a1c of less than 7 . Plus people taking mounjaro lost up to 25 pounds. Mounjaro is not for people with type 1 diabetes or children. Dont take mounjaro, if youre allergic to it, you or your family have medullary thyroid cancer, or multiple endocrine neoplasia syndrome type 2. Stop mounjaro, and call your doctor right away, if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, vision changes, or diabetic retinopathy. Serious side effects may include pancreatitis and gallbladder problems. Taking mounjaro with sulfonylurea or insulin raises low blood sugar risk. Tell your doctor if youre nursing, pregnant, or plan to be. Side effects include nausea, vomiting, and diarrhea which can cause dehydration and may worsen kidney problems. woman i can do diabetes differently with mounjaro. avo ask your doctor about onceweekly mounjaro. My cpa told me i wouldnt qualify for the erc tax refund, so i called innovation refunds. Their team of independent tax attorneys will work with your cpa to determine if your company is eligible. [whip sound] take the first step to see if your Small Business qualifies. Were back senior markets commentator mike santoli here for his midday word. What do you think of today the market is acting in a way making potential buyers feel good about being patient coming in each day, its not going to run away from you we spoke yesterday about how maybe sometimes you need more of a scare to feel clever about buying this pullback it doesnt seem worrisome. Were trying to figure out how fast the economy is growing and whether it will continue credit market is very firm should i be more worried than what im seeing in the tape action itself is probably not. Only 3 4 now. Youre seeing apple test these levels people think might be something. Thats an ugly looking top formation for the likes of apple. There are things you can find to be concerned about t the stuff that got you here is starting to falter woman will say, see, i told you tech was looking topee no doubt. Ill see you on closing bell. One firm sees a stock rallying more than 30 from here well debate next. Opportunity is using data to create a competitive advantage. Its raising capital that helps companies change the world. Its making complicated Financial Concepts seem simple. Opportunity is making the dream of Home Ownership a reality. Writing new rules and redefining the game. And driving the world forward to a Greener Energy future. applause opportunity is setting a goal. And charting a course to get there. Sometimes the only thing standing between you and opportunity. Is someone who can make the connection. At ice, we connect people to opportunity. Ah, these bills are crazy. She has no idea shes sitting on a goldmine. Well she doesnt know that if she owns a Life Insurance policy of 100,000 or more she can sell all or part of it to coventry for cash. Even a term policy. Even a term policy . Even a term policy find out if youre sitting on a goldmine. Call Coventry Direct today at the number on your screen, or visit coventrydirect. Com. The call of the day is st chevron. Energy is a leader thats after a bullish note from mizuho upgrad upgrade to a buy from neutral. You own it in the t, not personally, though its in the t, correct. Along with, well, a lot of other stuff. Talking about refiners yes this week as well. What do you think of this call here so, i like the call because i think what they are doing, theyre kind of highlighting the underperformance, the outperformance relative to its major global peers and thats been an important way to an important way to think about owning chevron over the last two to three years, chevron has significantly underperformed Conoco Phillips and exxonmobil proir prior to that, it was chevron that outperformed. Why do you gather confidence now that you are at this Inflection Point where you can say okay, that mean reversion in performance is about to take hold i really think its about what mike worth is doing here, navigating the Balance Sheet and taking Free Cash Flow to a point where its going to accelerate, as you move out of 2024, into 25 and 26. So its its viewing the opportunity in the permian basis, its realizing the Capital Allocation is going to get some tail winds behind it. And oil prices might ultimately act as a tailwind, as well so i think the upgrade is a good one here new buy for you, speaking of energy tell me about this one so we own some of it, we bought it maybe six weeks ago. We bought more, because the stock has come down. Why was the stock going down in the first place . Because its a Sustainable Energy company in addition to being Florida Power and flight, about half and half. We know that electricity demand is going to double or triple in the next 20 years. Theyre a real leader in the field, and esg funds have been losing assets. We think the stock is very attractive at this price a lot of growth over the longterm, and a low risk company. All right still ahead, the set up on cisco earnings well find out what the committee is expecting so i called innovation refunds. Their team of independent tax attorneys will work with your cpa to determine if your company is eligible. [whip sound] take the first step to see if your Small Business qualifies. This thing, its making me get an ice bath again. What do you mean . These straps are mindblowing they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. And you are . Im an investor. In invesco qqq, a fund that gives me access to. Nasdaq 100 innovations like. Wearable training optimization tech. Uh, how long are you. Im done. Im okay. Two big tech earnings reports coming out today cisco and synopsis jimmy, youre taking cisco great longterm steady eddie. But heres where they have been recently they had supply chain issues a year ago they worked through those, and last quarter there were concerns they werent bringing in enough orders to fill their backlog however, think about whats happened with the expectations for the economy in general in the last three months. Its likely that orders are starting to come in, and that their commentary is positive about what theyre seeing in terms of new customer potential. So look for their commentary on new orders thats going to be important here cisco, this is what you told the producers, im going to set this up real well. Peaked 20 years ago. There are better places to invest you said it, not me. It peaked more than 20 years ago. Yes, we think there are other opportunities, but its been a good performer i hate being negative about a company thats working so hard to get back its audience and build up its profile its not nvidia nobody is saying its nvidia or some crazy story stock like this its just a steady eddie its up 12 on the year it does what you want to do, it gives you no drama. Hold it for a long time, you dont have to worry about it synopsis. A name we have owned since november of 2020 its been a very strong performer for us look for the Revenue Growth here to accelerate. Its going to need to do that to maintain this lofty valuation it has right now. Back in a couple of minutes with final trades. sfx people cheering sfx Stock Exchange bell ringing sfx people celebrating sfx people celebrating sfx Stock Exchange bell ringing got an exciting closing bell coming up today at 3 00. Liz young is with us, and former fed vice chair as well so dont miss that, given what the markets are doing, what were talking about with rates and the fed. Ill see you at 3 00 this afternoon. Final trades. Steve, you first yeah, look, i love some drama. So my final trade is going to be baba drama sometimes helps you really outperform so bring it on jimmy, you next then. Im going to be calm and cool, no drama clevelandcliffs theyll get the deal done, but if they dont, they have a lot of cash flow here and theyll do something with it. Most likely buy back a ton of shares blackstone. If the economy is heating up, the companies they own will do well and sell for higher and joe Morgan Stanley has pulled back 14 from its february high. You can buy it here in the mid 80s. Were watching the financials a lot this week. Its been a rocky road for the banks ill see everybody coming up on closing bell. The dow is down 25 the exchange is now. Indeed it is, scott. Thank you very much. Im Tyler Mathisen in for kelly evans. The latest fed minutes out at the top of the hour. Investors are looking for any clues that rate cuts are coming. Doubt theyll find any but our market guest says dont bet on it and dont focus on sectors right now, except for one. The brings the names and the stocks she likes in those sectors right now. A double dose of ceos. First, a Regional Bank youre likely a client of jack henrys. That stock down 8 on the back