Rear, and thats the way its been. Josh, you have some technical difficulties, as we would say, dow, s p, nasdaq below their 50 day moving averages yesterday, momentum has dried up, the third negative week in a row. The russell is not doing well. You can sort of pick the area of the market you want to pick on, because there are a lot of places to look at. Ive been in the camp this is seasonal and what you should expect in the month of august, and i have a million charts that back that up and im not ready to move away from that argument if things get materially worse, i may be forced to rethink that. I do not think this is about, all of a sudden, theres going to be this renewed push for a ton of new rate hikes. And, in fact, most people you ask them whats going on in the market this month, why did august suck so much . The rate increase, the odds are higher. Its a 90 chance of no hike and a 10 chance of a 25point basis hike and that would be okay. I dont think that is a huge difference. A lot of the macro people will tell you look at yields all over the world. Theyre higher. Okay. Its a steepening. Its what you should have. If gdp forecasts are to be believed, were going to have another quarter of strong growth, why wouldnt we have more steepening . For me thats enough. One area of concern, and id love to get belskis take, maybe 7. 25 is too high for a 30year mortgage. Maybe thats where things get real and the selloff in Home Builders yesterday was probably that mortgage number, where i have the most concern. How much higher can that go. Im not seeing what other people are seeing and i think this is a textbook kind of pullback. Brian, the correction thus far, i thought gold man said, quote, liquidity is ebbing. Price action skittish and tactical nefbs are suddenly a bit frayed. That pretty much sums it up. Josh and i were talking before hand, and you go back and look at my career and in august theres always something going on. Last year was very volatile heading into september. Were not surprised to see this weekend. Weve been talking or this weakness weve been talking about. The Home Builders, josh, people forget Home Builders were one of the best after tech so this could be some profit taking. Thats a 7 number that does freak some people out. A lot of supply, thats an area you want to start with these types of reactions on stocks to make a list to bottom fish. You bumped your target on june 5th from 4,300 to 4,550. At what point do you get nervous from 4,550 given the unsettled nature of where were at and seasonally as you said, september october could be tough. Im actually more worried that 4,550 might be too low. The way earnings are coming in, scott. I think theres a very good shot we make it to our bull case of 230 and could buoy stocks higher. Remember september were more back to normal than we have been. Were going out and visiting companies, talking to companies, the bottoms up market this year and this is all about fundamental stock picking. I do think well see some sort of a rebound and really strong Fourth Quarter which would get us closer to the 50 50 level. Whats back to abnormal is china, thats this overhang were trying to assess. The recovery was sluggish and now looks like a deceleration in growth there. It seems its having a harder time doing that now. Thats why i think josh is spot on with respect to the potential for further rate increases. If china is actually going to be really slowing like everybody thinks it is, then the fed may have to think the opposite direction, number one. Number two, emerging markets in china did very well last year. Theres no doubt theres massive fundamental issues weve been avoiding. Michael heartnet sort of sees this swoon, if you will, through the summer and maybe to 4,200. Brian is channel willing this point of view. You get through the fall and it could be a little ugly like it typically is. And then you have a ramp into the end of the year that can still get you to some nice targets. That would be quite a swoon and were not thinking thats going to happen. People will start to take the opportunity with the tech names. Its a friday in midaugust. The market opens down. That continues and it accelerates intothe day. Whats happened so far today were seeing a settling down and people are coming in and buying. People are watching with these names that have led the market. They are better than feared and if gdp is in the 4 or 5 range or higher well start to see that in earnings. Were a consumer economy. Then youre going to have numbers that will give people encouragement to buy those names into 2024. The market is not that expensive. Theyre 14 times earnings and the multiple of the Largest Companies are coming down even if google, for example, and meta are not very high multiple stocks. I think settling down right now is a good idea, it is healthy. It was what we needed to see with the mega cap names and that is what were experiencing. And everybody always says that its healthy. Its what we needed to see. Weve been talking about the inability of the market to find its footing as long as Interest Rates continue to go up. Rates have been backing up today, at least theyre backing off. Apple going down consistently. It was red and now its green. No surprise as the phenomenon happened, its enabled the market to turn a corner at least as we come on the air and get back into positive territory. What do you think about that . I think today is tied to yields. While i agree the base case remains the same, the inflation is under control and the economy is strong, no landing, soft landing, thats the base case. There have been nicks in the story. Will there be china contagion into the u. S. . Are rates too high and will they stay higher for longer, and then is there going to be some softening . Is what the feds done over the last year and change finally trickling into the economy as well as you see Student Loans and savings. Savings have been depleted. Its exing a baited by low volume in this seasonal period. I think the market is okay. I think its a great opportunity to trade the market. Today being a perfect example. Meta was down 9 or so. In addition to the position that i had, as you may recall i shaved it about a month ago. If trading is part of your expertise, if not, youre best off to buy and holding. The other thing thats really hit home and you take a look at apple, the move in the market was multiple expansion. Apple, in my view, being one of those. More than just a pure momentum market. This will take some work to figure out. Mega cap p es have come in. Alphabet 4. 5. Nvidia, 9. 5. Josh, you had to believe theres so much optimism around the names, it wasnt going to take much more. Theres so much hype and the positioning these select companies have within that universe and where we think thats going. Are you going to get enough to come in and reverse some of that steeper selling in names like apple which some have suggested could trade back down. Stocks off their lows from less than a year ago, last october. If you froze the market right now and told everyone, sorry, were closed until december 31st, nobody in those stocks would be unhappy with their year end 2023 performance. If were going to get the rotation, and i was all onboard with, okay, lets look at small and mid now. We had a big run in the first half. Now lets pivot. I want that had to work for a lot of reasons. You had this furious 15 rally which had done nothing up until may. Had a lot of participation. We were talking about etf flows, all of the money was going into midcaps. Or equal weight etfs. Look at august. The small names are doing worse. The russell 2000 is down 8 month to date. The s p is only down 5 . That narrative might might hold true for the rest of the year or it might already be over. I would love to hear your take on that. Can we look at other stocks . You see attractive valuation. That doesnt mean good buy now. Talk about rotation and the back to normal and owning all these other asset classes, we look at the four major pillars. Relative performance was the big caps. Relative Earnings Growth, relative valuation and relative operating performance. From all four of those, especially performance, obviously, they got killed in valuation, that tells us on the operating performance there are amazing names. We believe you want to have exposure there. August was all about Long Duration assets being penalized. We think this is an amazing opportunity to do your bottom fishing and work on a fundamental basis and really start to add to that allocation. Do you think were going to get to joshs questions about a rotation were going to get it and, if so, why would you . I think everything is going back to normal. Why wouldnt it . Shock in 2022, awe in 2023. Were going back to work. We see trends of normalized valuation, normalized Interest Rates. Still negative Earnings Growth. Lets not paint a rosy picture three to five years. Over the next three to five years. We need to shake things out and were positioning for that. Steve said were higher for longer. Thats great. Higher for longer is higher than zero. Anybody would come on and say, well, if your time horizon is three to five years, a good time to buy stocks because they traditionally go up. That doesnt help people that much i would argue it helps people more than what will happen the month of august. Who cares about the rest of the month of august . We can talk about the rest of the year. I think more relevant than just blanket advice, three to five years is great. Earnings will be better three to five years. Wait until you see ten years. Its a process. You cant have a period you have massive outperformance of growth for 10 to 12 years and no representation from small mid cap. The best thing about america in terms of the growth is about small mid companies, not just the consumer. We think its a burgeoning asset class that is massively underowned and from a contrarian basis now the fundamentals are telling you to buy this. Thats why were so excited. Less china exposure is the positive. Correct. Equal weight a portfolio to 16, 17 times earnings, much less than market cap weight, historically more Interest Rate sensitive, so is that going to be a risk to the rotation, to the value trade . He asked the question, kari, josh does, whats your answer to that . Will it make a difference because of Interest Rates . They can move a lot. Youre looking at apple and microsoft. Think about that. I hope they move. What the big guys, girls, are doing because 15 weight in two stocks is what you have in the s p. We all have to be concerned about how the market trades them. Weiss, small, mid or mega, whats the best way to go right now . If you look at whats happening in the lending market, credit is much better, and they need to keep borrowing. The economy is not evenly advancing. We see that through reports, earnings were down again this quarter. Lets be clear about that. At that impact Small Companies much more so than Larger Companies who dont need to finance particularly the ones that you highlight their cash cows. They can still borrow below market rates because who doesnt want them as a credit . In terms of any lending survey, any data coming out of the fed shows credit is getting very, very tight there. And even if credit werent tight, what does it do to your margins when you see money go from 3 to 7 and higher during the past year . The time to be negative earnings on earnings was six months ago not today because you have to make the argument that they troughed and that the negative Earnings Growth that weve seen is going to rebound, which is the projection for the earliest part. And once up get into more significantly into 2024. Earnings will rebound at some point. Im not that optimistic right now. And the reason being is that rates are going to stay higher. So whats going to be the catalyst for earnings to have a significant pickup, right . Particularly as youve depleted the Household Savings you have there, as you see credit card delinquencies slightly moving up, particularly as you see Household Debt increasing. What will be the catalyst . The other issue i dont know. I just feel like if the economy is going to be much stronger than people think, theres your catalyst for an improving earnings picture. I dont think you need much more debt. Inflation moderating that hurts margins a bit obviously. Inflation moderating is i say inflation has helped earnings. A contributor to troughing and turning higher. Inflation has helped earnings. Thats no, no, no. Lets all stop. Inflation has helped revenue. Earnings can improve if we get to a situation where were not just relying on passthroughs of costs but we have a situation where companies can breathe again, and if the labor mark gets less tight, i would argue thats a potential source of earnings improvement. I want to turn our attention hang on, weiss. I want to move on because i only have a few minutes left in the segment. I want to turn to nvidia. Because of whats been happening with mega cam and the meltdown weve seen, and i mentioned the stock down 9. 5 . Weve been talking about it a lot and for good reason. Josh, youre the expert on this one. The pressure has to be real high. It would be high enough anyway after the dramatic stock move that weve had. Now with the pullback, now with questions about mega cap tech, man, that bar is going to be real high next week for nvidia. I agree. You have street high targets now with four digits. Almost every day you get a new target. Listen, theres a lot of enthusiasm for the stock. Its wellfounded enthusiasm based on fundamentals. The debate is not is nvidia going to kick ass this decade, are you overpaying for that right now . And i can see where you could win that debate just very simply one of the most expensive stocks ever in the s p 500. This is the most expensive. Its 40 times trailing 12month sales. How many stocks have gotten to evaluation like that and have rewarded their shareholders three and five years out . Not a lot. The thing is historically it gives you nothing on a 12month look ahead and a lot of expensive stocks continue to get more expensive or to excel. Yes, the price is higher this year but the fundamentals have made a kquantum leap forward. I cant tell you this is a cheap, great opportunity, jump in it right now. I wish i could. Its not the reality. Maybe you feel better i will never feel better. Im asking you in terms of at least you havent gotten a continued rampup into the earnings. Youve gotten the pullback. The stock was 120 a share, like, 16 months ago. I mean, yeah, its great that it didnt go up another 30 this quarter, but the pressure is definitely i agree with your original premise, this is tough, this is tough. You want to be in it. Look, 250 billion, they had 6 of it. Theyre probably going to have 30 of it. Thats the opportunity here. Thats why everyone is so excited. Youre just not getting it all in one quarter. Thats the risk here. You own it, too . We own it in two or three portfolios. Are you as concerned as i am that its made the move . No. We should hang out more then. Two best in brand names, amd and nvidia. I think they will continue to run the ship. What you were talking about is maybe investors are going to buy the news instead of selling the news. Right . No, no, im not going on that. Im just saying the dynamic feels like its maybe a little better going into a print with a pullback rather than a further ramp. Correct. For a stock up 200 year to date. How much is the pullback even, though . Its not a substantial pullback. Its down 12 from its 52week high, not even 10 over the month, brian. A short list of names you want to start bottom fishing heading into september. Maybe its the most critical. We keep hyping apple up because of the size of the market cap makes sense, but maybe nvidia is the most important stock in this market right now. First of all, its a trillion dollars. Second of all, a large part of the nasdaq rally we had this spring into summer was predicated on the ai story. It came out of nowhere and it enabled usto all stop talking about the fed and cpi. So nvidia has to deliver because a lot of other large cap stocks that have had big runups this year are reliant on that ai story being intact, the build, the demand. That has to stay good for a lot of other stocks not just nvidia. Arguably its more systemic than apple. Were going to take a quick break. Were going to discuss a bullish call on one stock trading at sixyear lows today. Josh called it a value trap earlier this week. Oh, no. The debate is up next. rba iju t mutwee ckn stwoines. Let Innovation Refunds help with your erc tax refund so you can improve your business however you see fit. Rosie used part of her refund to build an outdoor patio. Clink dr. Marshall used part of his refund to give his practice a facelift. Emily used part of her refund to buy. I run a wax museum. Let Innovation Refunds help you get started on your erc tax refund. Stop waiting. Go to innovationrefunds. Com you really got the brows. Hows the chicken . The prawns are delicious. Oh, i have a shellfish allergy. One prawn. Very good. Did i say chicken wrong . Tired of people not listening to what you want . Its truffle season ah thats okay. Never enough truffles. How much are they . Its a lot. Oh okay im good, that its like a priceless piece of art. Enjoy. Or when they sell you what they want . Yeah. The more we understand you, the better we can help you. Thats what u. S. Bank is for. Huge relief. Yeah. Nice footwork. Yeah. 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. Were back on the half. To our call of the day. Its mizuho sticking with its buy rating on paypal. More than 50 50 upside. Earlier this week josh said he wouldnt touch it. I think paypal is a huge value trap. There are a lot of people that come on our show to talk about this as being cheap. I think apple and google pay options are just absolutely draining their moat. Its at a sixyear low today. I still wouldnt buy it. Kari, you own it. What do you think about the call . 50 upside and what josh had to say the other day. And for like the last year, in fairness. This is the opposite of meta, of course. Meta is a stock that was down a similar amount. I think paypal is down 80 from the peak and meta was down 70 something percent, and everyone said they have nothing left. That no one cares about instagram. Its all going to be tiktok. And many people on the show came on and said forget meta. Its done. They changed the name and its a disaster forever. Paypal is dominant in payments. Its been a horrible, horrible stock. It trades at 10, 11 or 12 times earnings. Thats not the point. Its in the penalty box because its not performing. They have a new ceo. Anyone who has owned it, who hasnt bought more, means their position is very small. So were hoping that something happens, that they can do something to make this stock perform, that revenues start to look better. What do you want them to do . Beat the numbers. Making the numbers isnt good enough. Theyve been making the numbers, maybe beating them, and they essentially take down guidance. They have to start raising guidance, we have to see revenue growth. And thats not been happening. Its in the penalty box for us. Revenue growth is now 7 . Its been falling every quarter the last three years. Its negative. When it goes negative, will you be concerned with we want them to beat the number we wontown it. Is there a structural issue here . There could be and we wont own it. Its not a stock were proud of. Unfortunately, thisis down 15 in a market thats up more than 15 . Who would want to own it . Weiss, its stunning. If im not mistaken this market cap of paypal within the last couple of years, i think, was more than bank of america. 300 billion weiss is frozen. Its one of the worst weiss, are you back . Im here. I didnt go anywhere. You froze. The issue am i good . Youre good. Okay. The issue with paypal, and you have to be aware and in the private markets to know this, there are no shortage of apps that have raised significant capital that dont make any money, that are going right after paypal. So paypal started out with almost the entire share. Now their shares are down 54 and i believe trending lower. So its become very, very competitive, is a very tough space, and frankly, i wouldnt be there. I agree with josh. Fintech is ubiquitous. Theres always a better mousetrap on Something Like this. So i would stay away from it. You cant short it because anything down 80 , the sentiment is so bad that it wouldnt take much of a glimmer of hope for this stock to rally like 10 in one day. So this is not a call like, oh, i think its going to zero. There are a lot of stocks you could buy. This one is fighting with apple and google and every fintech that steve weiss just mentioned and gravity and its going to be very difficult. The new ceo is a good move. I dont think it would have happened absent the activists by the way, theyre gone. They left at a sixyear low. The last thing im going to say on this, and i think this is important, now you have a company that effectively had this deal with ebay where they were the builtin Cash Register of record for that entire ecos ecosystem. That sunset a long time ago. The two Companies Split up. Other than the pandemic when everyone had to buy everything online overnight, they never found their thing that only they could do. The guidance the new ceo seems promising. Understand hes a guy that acquires things. He was at intuit and was a good acquisition. Does paypal have the patience to start doing acquisitions . I dont know. Kari, you sound you sound as though youre going to be patient with this name rather than just sell it and move on and take the l. Were going to give them a chance. I dont think were going to be patient for long. Weve been patient already and, you know, the clock is ticking. Lets get the headlines now with leslie picker. Scott, a historic summit under way at camp david with the leaders of japan and south korea. President biden began the meeting saying, quote, our countries are stronger together are stronger and the world is safer as we stand together. The leaders have committed to a new pledge to consult with each other if there is a security crisis in the pacific. The agreement comes as the countries look to tighten security and economic ties amid increasing concerns of aggression from north korea and china. Former President Donald Trump is seeking to delay his federal election interference trial. Trumps attorneys asked for a trial start date in april 2026, more than two years after prosecutors are looking to get the trial started. Crews in waymos taxi app saw a surge after expanding operations in san francisco. The companies are able to start charging for driverless drives with no limit of robo taxis on the road. Downloads up 70 for waymo and 80 for cruise in the five days following approval. I was not one of those downloads, scott, but i do trust them more than my own driving skills. I do see a market there. Leslie, thank you. Leslie picker. Coming up, our chart of the day. Palo altos plunge ahead of a friday earnings report. Isnaarinel jnss krti ptsevosoi u next with what to watch for. 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. This is cynthia suarez, cfo of gogo foodco. , an Online Food Delivery service. Business was steady, until. Gogofoodco. Go check it out. Whaatt . overnight, users tripled. Which meant hiring 20 new employees and buying 20 new laptops. So she used her American Express business card, which gives her more membership rewards points on her business purchases. Somebody ordered some laptops . Cynthia suarez. Cfo. Mvp. Built for cynthias business. Built for your business. Amex business. 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. Weve got your back, road warriors. Because we know youre picking up the pace, steering life at 10 and 2. Youre hitting the road. And were helping you get there with confidence. So skip the counter without missing a beat. Choose any car in the aisle. And be the boss of you. Go national. Go like a pro. Shares of palo alto moving slightly lower today as it gears up for a rare friday afternoon Earnings Release. That decision to report on a friday in the summer after the close is raising a lot of eyebrows. Kristina partsinevelos joins us now with more. Good to see you. Dan ives, by the way, who loves this stock and he covers it, put out a note yesterday. He said it was the biggest eyesore i have it actually. Im going to mention it. Today he told us its simply because they did it on friday night, fears of a horror show. Oh, wow. Thats even worse. Hes getting even more he said the bark is likely worse than the bite, but still, one of the worst ir moves ever according to dan ives. He will be on closing bell. I digress. The Company Since they announce that had on august 2nd the stock has dropped 18 . Dan ives point, speculation the company could be hiding something bad since maybe attention tends to dissipate on friday afternoons. Guidance, though, is a concern. Competitors nfortnet say it will grow in december 2024 quarter down from 18 in the june quarter, down from 30 in the march quarter. And earnings were also soft at fortnet. In the palo alto press release, though, they did say they would provide full year 2024 guidance and update goals through 2026. I was chatting with sara about this earlier. Maybe will allow them to update their models in time. Free marketing. Were hyping it up. You know why investing is so hard . This was a 255 stock in june. Record high. And now the world is coming to an end a month later because of the date they scheduled their earnings. What fess if its a nonevent . Microsoft launched two products that compete more squarely than ever against palo alto. So that really started the decline. Lets not forget that the pop in the stock was largely attributed at the time to inclusion in the s p. So there are other factors here. The momentum dive reverse. Microsoft is a real threat. And then as we just heard, youve seen some enterprise slowing in terms of spending. So its not just turned on a dime for no reason. Steve, you have the stock. We own it. You have three hours to get out out. Put a clock on the screen, please, the countdown. Its tough to say. They may be playing all of us. We own the stock. We believe in the product and the vision longer term. This is a name that will fall under your lap and you want to buy more. Crowd strike is a name you like. Why . They dont report on fridays. They dont pull that nonsense. I like the road map, the falcon is their flagship. They were talking about ai years before it became a buzz word. As one of their customers on the network has an incursion in real time the system is updating customers and lets deal with one hack, one breach, lets deal with this network and all of the best publicly traded businesses, nasdaq companies, are these type of Network Effect companies. So if you think about it from that standpoint, more fortune 500 and large government organizations use crowdstrike, actually the stronger its protection gets. Gaining from that intelligence in real time. I like that story. The fundamentals have been great. They are going to have that area of the market do really well. I guess were going to see you in overtime then on this summer friday. I have a flight. I was hoping i wouldnt have to cover it but i guess i have to stay. Happy hour drinks gone out the window. Bump it a little later. Ill see you on closing bell. Kristina partsinevelos. Up next mike santoli. Every busis deserves a great deal. Thats why comcast business is launching the mobile made free event. With our business internet, new and existing customers can get one year of unlimited mobile for free. Its our best internet. Powered by the next generation 10g network and with 99. 9 reliability. Plus one line of free mobile for an entire year. Its the mobile made free eventhappening now. Get started for just 49. 99 a month. Plus, ask how to get one free line of unlimited mobile. Comcast business, powering possibilities. Our senior markets commentator mike santoli is here with us now. We had some buyers come in. We figured it would happen at some point. After yesterdays action started to click to oversold conditions and then 4. 25 ends up this level on the ten year. A 5 drop from the high is kind of where things if you believe its a bull market. Nothing is stabled today. It wasnt at least a oneway down ticket, at least not as of right now. Were thinking about nvidia, apple has a nice bunch of buys come in so it goes green. You guys, you will be hosting at 6 00 tonight taking stock. What are we looking to do here . Theyre letting us do it again. We have a long time to figure that out. Nvidia will be one thing and we might actually debate it. I think it seems from the early meetings about tonights show there might be a depp bate. Theres a lot of stuff thats gone on. Well give you the santoli brown rendition of it and look ahead to next week. If youre hanging out tonight, get the Party Started a little bit later. Finish with us 6 00 to 7 00. Visual aids. Visual aids from a toy box. Well see what happens. Well have something fresh to work with. What do you make of that, this friday night Earnings Release . I think its just a oneoff circumstantial thing for Company Specific reasons. I was saying earlier there was a time you didnt know when companies were going to report exactly. Everything is stage managed. I remember a couple Companies Used to report during the trading hours, national semi, they would throw a tape bomb. Nobody complained. They only do it now if its a mistake. Then you have to follow the 8k really fast. Break a leg tonight. Thats mike and josh at 6 00 taking stock. Committee moves in tech after the break. 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. We planned well for retirement, but i wish we had more cash. You think those two have any idea . That they can sell their Life Insurance policy for cash . So theyre basically sitting on a goldmine . I dont think they have a clue. Thats crazy well, not everyone knows coventrys helped thousands of people sell their policies for cash. Even term policies. I cant believe theyre just sitting up there sitting on all this cash. If you own a Life Insurance policy of 100,000 or more, you can sell all or part of it to coventry. Even a term policy. For cash, or a combination of cash and coverage, with no future premiums. Someone needs to tell them, that theyre sitting on a goldmine, and you have no idea hey, guys youre sitting on a goldmine come on, guys do you hear that . I dont hear anything anymore. Find out if youre sitting on a goldmine. Call Coventry Direct today at the number on your screen, or visit coventrydirect. Com. 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. Heard one of our Committee Members was making a few moves today. Hes bill baruch. Fresh buys in tech, which is why hes joining us now. Good to see you. You bought more apple. You trimmed it late july. Why now . Taking advantage of this pullback, i suspect . Yeah, yeah. Thanks for having me on, judge. 10 from where we sold it. Its moving down pretty good. I like to look at the broader market, too, as a measured down side from where we see the selloff. You talked about paypal earlier in the segment. Apple is eating into that with apple wallet right now and diversification of Revenue Streams is getting unnoticed. Another a is on your list. You sold adobe on july 27th. Now you bought it back. Yeah, were actually buying it back roughly where we sold it. This stock has held up extremely well through all this volatility. Were doing a couple of projects with outsourced marketing companies. I like where adobe is positioned across the space and creativity. Momentum behind this name has done really well, too. And lastly a name josh knows very well, and he can opine on it after i bring it up, oracle, the new buy. Why . Yeah, oracle is a new stock. Its done tremendous this year. Theyre arguably one of the top earnings beats this year, have done well since that june report. Have held really well out above there. Im trying to find the companies that have done really well in earnings this year, maybe not apple so much, but i think the momentum will be there. The measured down side. When this rate of change stops in the bond market, i think well see tech able to start moving higher. I want to own the leadership. Josh, oracle . I like the stock. I sold it right around its not a stock that i have taken off my radar. I continue to follow it. I probably will get more interested in the next breakout. This is a stock thats made a huge move. It went from being one of the cheapest large tech cap, now its one of the more expensive. Deserved, because theyve been executing. But i probably want to buy this with more of a technical catalyst. I do think well make money here. Up 40 plus percent yeartodate. Brian . Huge balance sheet, great cash flow monster. We owned it for five years. Its got the best database in the world in terms of information, so of course it will be a great ai play. Bill, appreciate it very much. Well talk to you soon. Coming up, the setup for next week. A handful of names you need to know about are reporting results. Theres some of them right there. Obviously, nvidia is the headliner. Its got lowes and macys. Back after this. hero fan uh, yea. I have to watch my neighbors nfl sunday ticket. josh allen its not your best plan. But you know what is . Myplan from verizon. Switch now and theyll give you nfl sunday ticket from youtubetv, on them. hero fan this plan is amazing josh allen another amazing plan, backing away from here very slowly. fan 1 that was josh allen. fan 2 mmhm. vo for a limited time get nfl sunday ticket from youtubetv on us. A 449 value. Plus, get a free Samsung Galaxy z flip5. Only on verizon. 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. Our guest is on our list, and its on yours, too, carrie. We think auto desk had a decent quarter. They make software, providing for building, for all types of materials, industrial use. And its time that the stock turns around. Its built a base. So numbers are starting to come in better. This will be up this quarter. Next year they should be up double digits. We think the number is going to be reasonably good. Its about the guidance. Its going to be above the guidance. Okay. Brian, metronnic and lowes. Metronic is a stock focusing on their organic growth. Lowes has been a great stock in terms of delivering earnings and dividends. Names we have owned for a long time. Weiss, Dicks Sporting Goods . Thats next week, as well, right . Tuesday. It is, it is. Look, the stocks been a phenomenal stock, probably one of the best acting Retail Stocks there is. But 150 is my price target. Its about 10, 11 times earnings. That sounds cheap but its not that cheap. I cant really tell you if im going to be there when they report or not, because im so close to the price target. But i have no reason to believe they wont have a good quarter. Josh, you mentioned at the top, toll brothers. You mentioned your concerns about housing. What is your view of housing stocks right here, just given where Mortgage Rates are. These stocks had that really been run. Now what . I think that we asked all year, i dont understand why isnt 5 hurting these mortgage holders . Apparently the magic number is 7. 25 . I dont know why, but that was the point at which the bulls took profits, or the bears came in or some combination. I think these stock also catch themselves before this correction really becomes something more major. Only because the supply and demand dynamics, and the demography at play, none of that changes no matter what you do with Mortgage Rates. So im looking to buy these stocks on weakness than take profits. Final trades arne aer quk eak. E xtft im barbara and im from st. Joseph, michigan. Im a retired school librarian. Im also a Library Board trustee, a mother of two, and a grandmother of two. Basically, i thought that my memory wasnt as good as it had been. I needed all the help i could get. I saw the commercials for prevagen. I started taking it. And it helped i noticed my memory was better. There was definite improvement. Ive been taking prevagen for a little over five years. Prevagen. At stores everywhere without a prescription. vo at viking, we are proud to have been named the worlds number ive been taking prevagen for a little over five years. One for both rivers and oceans by travel and leisure, as well as conde nast traveler. But it is now time for us to work even harder, searching for meaningful experiences and new adventures for you to embark upon. They say when you reach the top, theres only one way to go. We say, that way is onwards. Viking. Exploring the world in comfort. 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. Closing bell 3 00 eastern. Dan greenhouse will be with all us, with dan ives. And also taking stock, josh and mike, 6 00 eastern tonight. Dont miss that. And lets do final trades. Carrie firestone . Im going to give you a algn technology. They make braces, theyre building a base. People are starting to spend money on goods, and definitely braces are good. Mr. Freeze, ie weiss . Dr. Freeze to you. The worse things get in china, the more likely they come with a big ba zooka. I think thats what is going to happen. History will repeat itself. So baba. Brian . Raymond james, one of the last standing regional brokerage firms. A great place for a lot of the brokers to go to. Down 10 yeartodate. Good to see you. What you got . Didnt pull back in august, energy. Ieo at a 52week high. Good stuff. The exchange is now. Thank you, scott. Hi, and welcome to the exchange. Im kelly evans. And here is whats ahead this hour. Just as important as the jump in bond yields this week is the question of why this is happening. For good reasons, like good Economic Growth or bad ones like too much supply and Central Banks losing control. Well look at where you can find the best value right now. Plus, major earnings drop on yes, shares of palo alto have dropped 17 since their decision to hold their Earnings Call today, a friday, after the market close