The biggie, jim, is apple. Its been hanging around right at that line but did dip below as i look at it in real time. Were right there at 170. Its a heavy tape this is what a heavy tape looks like. A heavy stock and a good tape. Thats the problem. That is the problem. Sales are worse than expected. Anybody who is fundamental on the stock looking at china as an area that is gangbusters because of what the economy is doing. At the end of the day this is still apple. The Services Business is fabulous. Im not particularly very bullish on the eye wear theyve come out with. This is a mid20s multiple. Im comfortable with my ownership in it. Ive had about half the market weight in it. You say, gee, i wish i didnt own any of it. This stock will find its level. I suspect its around 160 but, honestly, folks, you have to just let it find its level. When it does, when it bottoms out, i will be adding to it. There is no fatal flaw here. Josh, what do we do with the stock . And whats the right way to view it if you own it in a year thus far where the other big names in the space have just stolen the thunder here . We talk nonstop about ai. Apple doesnt talk about apple nonstop. They dont talk about it barely at all because they dont have anything yet. The first decision, are you an investor or trader . Youre a trader, youre not in the stock anymore. If you have any sell discipline, like an actual trader, then you are already out. Its gone negative. The highest high was in december. And momentum is toxically low. Its 30. If youre a shortterm trader, an exit in advance, youre already out. If youre an investor, its a different conversation. You have not been rewarded for panicking out of apple because youre afraid they will miss the technology cycle. Theyre never first. If youve panicked out of apple because you thought they were falling behind on innovation, you have been severely punished. I didnt expect them to be leading the charge on ai. Theyve never done so. They came out with the i pot and took the whole game over. The iphone came out seven years after everyone elses and dominated the game. This happens again and again. If youre an investor, take a step back. Take a deep breath. Ask yourself where on the chart it made sense to be concerned with recent price performance. You cant find that place. Thats my attitude. I laugh at the downgrades. The stock has been incredible. It has six months, a year where it doesnt give you much. I can live with that. Sarat, the bulls are out defending it like dan ives, sentiment is dismal because of the hed winds in china and losing market share and deliveries, et cetera, have been going on for months now. Theres optimism about estimates remain hittable for the iphone, services being rock solid. Ai is coming. Its a matter of when, not if, and probably will be wwdc and they have this install base. So youre in the stock, too. What are we thinking here with the stock, as we said, breaking 170, sitting there as we speak . Im with josh and jim on this one. You dont trade this one. You hold it, and it will have its consolidation its having now. No new news, and youre getting traders selling away or trimming positions. I think if you look at the system, the ecosystem is really why you hold the stock and then the cash flow. So what they can do with the cash flow, buy back shares or invest in other areas theyre doing both of. So as a longterm investor this is not one that you want to trade. When its coming off as some of the other mega caps are, its okay. And to jims point, at a certain point when it comes back down, you can start adding to it again to this. It is a Solid Company and its very well diversified and it will lead. You have all the other players a little bit ahead but then it catches up fast. Its driving up the whole market in a accepts today. A big player in the nasdaq, nasdaqs down sharply. I have steve kovach, our technology correspondent, sitting at the desk. Shannon, i want to bring kovach in first. Its a moment that you dont ordinarily see and even when you do, youre pretty much convinced things will turn. Whats the turning point here . Moment is the exact way to put it. You might remember 11, 12 years ago here comes samsung with the big screen phones, apple is doomed. They put out a big screen phone, biggest upgreat cycle ever. Here we are with the ai moment. What is apples position in ai . Where does it play into the story were hearing from its peers from meta, google and so forth . We dont know. What you have to hope is that apple a couple years ago hired this executive name who came from google, aai genius. He reports to tim cook. This is time to show his work. What does that look like . The company has put enormous pressure on itself to knock their stocks off. They need a new one but because they want the ai feature. I wrote, as you were speaking, i wrote down pressure inside cupertino. You know tim cook better than most. Calm, cool and collected as any ceo we ever see or deal with. Theyre feeling it. They have to be. You said thank god they have a buyback. You want to talk about what tim cook is thinking. The shift in tone from the way he talks about ai has changed over the last year. Just last week talking about features that had been in existence forever. Fitness tracking on your apple watch, be labeling that as ai. Yesterday new macbooks came out. They call it basically the best consumer pc you can buy. Its all marketing right now nothing to supplement that or deliver on it but they are changing their story. They would say Machine Learning or some other concept around it. Now its ai, ai, ai. They know thats what the market wants to hear. Its china, its regulatory, its ai, apple getting it from all fronts. I think theres give and take. It was more than happy to look aside from the potential rewards on the horizon. Apple itself has really set us up to no longer look at hand sets but look at services. Last Quarter Services was disappointing but still growing robustly. The challenge is that if you can only allocate a certain amount of your portfolio, youre probably looking at stocks that have momentum, have been performing better rather than being on the consumption side. I think josh has a great point here. Theyre not looking to be the lead disrupter. Look at this divergence between meta and apple when facebook became meta and they really started focusing only on what was happening from a virtual perspective. That stock languished because they were putting the money in to find the proof of concept. Apple is more than willing to let its competitors find the proof of concept and then monetize it and to the point about their install base, we cannot look past that. That is not going to be disrupted. No other electronic Consumer Company in my opinion that will be able to create such a strong install base. Do we have to wait for it . Perhaps. That doesnt mean they cant continue to grow. I think people are looking at this company as being able to grow when it was much smaller. With its cap, the Balance Sheet and the Free Cash Flow, they do have a lot of levers they can pull at any given time. I do want to get down to washington, d. C. Our Emily Wilkins has breaking news regarding tiktok. I think youre going to find interesting what she tells us she is learning. Reporter tiktok is coming under scrutiny by lawmakers out with a new bill. Either say goodbye to bytedance or be banned in the u. S. The bipartisan bill seeks to narrowly target tiktok while avoiding potential issues with free speech. This is where some past tiktok legislation has ran into tricky issues. The bill would make it illegal for any app controlled by china or other foreign adversary countries from being distributed in the u. S. Either through app stores or Web Hosting Services unless those apps divested from their parent companies. The legislation empowers the president to designate apps owned by certain countries as a National Security risk, provided the app meets certain guidelines spelled out in the bill. It remains to be seen how much support the bill will gather in congress or if the white house will back it. We expect to see more on thursday. If it does become law, though, bytedance would have less than six months to find a way to divest tiktok. Scott . Emily, i appreciate that. We find china all over the tech trade today whether its the story about apple and sales down 24 year on year. Tiktok, amd is selling off today in relation to regulatory issues. Back to you, steve kovach. How concerning, not tiktok, but the china issue for apple where you could say, well, its 20 of their overall revenues. Now i wonder if they need to rethink what their Business Model will look like because of the loss of sales from china. I dont know if its necessarily the Business Model, but they cant do anything the expectations is probably a better way of saying it. They cant make consumers feel confident but they can look at huawei, which is taking market share from them, is suddenly back on the market. We used to hear so much. My conversations with tim cook, so many conversations a year and change ago was about switchers. Huawei was out of the game for a while and they would see people switch over from huawei from android to iphone. He stopped talking about that. Yes, huawei is small, there is more market share there. Its a home grown brand, its a brand that can play up to nationalistic consumers there. In china, how do they compete with huawei and then go from there . Hopefully Economic Conditions improve. Its huawei, huawei, huawei. It is interesting when you look at the way the trades have worked between the qs themselves, the bigger group of these larger tech stocks, and apple. One going up. The other one sort of consistently going down, and how that resolves itself. Thats what Jonathan Christian ski is talking about over at btig who says at some point that divergence between apple and the qs is likely to resolve. Our thinking is the latter. Im curious what you think about that and what the overall implications on the market itself would be if you have a more meaningful pullback for a considerable amount of time. So i told you thats exactly what i think is in the process of playing out. I said it two weeks ago on closing bell. Maybe i was earlier with nvidia making new highs. They are calling it the sensational six now. What does that tell you . There is a diversion amongst the leadership. Tesla is out. The furious five, this is the problem because its not just apple, judge, its alphabet, and i own both stocks. What im saying is not like this longterm bearishness, but, come on, between alphabet, apple and amazon, alphabet is the cheapest. Its a 23 p e. Amazon is 60. But amazon looks better than the other two. Year to date apple down 12 . Its the second worst stock in the top 20 largest market caps. The only one worse is tesla down 28 . And now alphabet is breaking down. Apple is about 9 below its 50 day and its about 1 below. The buyers didnt show up. The support wasnt there. Now you have the situation where the largest market cap in that mag seven are breaking down one by one. I dont know who is next, but i can tell you as the air goes out of that theme, i dont think the money sits in gold. I think the money is looking for a home. I am bullish. I want more exposure to anything thats not tech or utilities. And im not hunting for my next tech stock right now. Thats exactly whati think is playing out here. That theme is tired. It needs a rest, theres nothing wrong with the companies. The stock prices have run out of gas. Kovach, pressure inside hqs, out in mountain view, theres immense pressure. The cofounder of google, they, quote, definitely messed up with the gemini image generation launch. Thats why were seemingly talking about the story in every way and i mean the stock story. You took the words out of my mouth. And look what happened a year ago when they tried to rush out that bard which became gemini, messed up, boom. They keep putting stuff out that just doesnt work or doesnt work their way. I was on with you when they first showed gemini and they faked the video to show it can do things its not capable of doing. Why do they keep putting it out and tripping over themselves. Google putting out stuff that doesnt work or gets criticized and apple is doing nothing, just tea teasing. You explained a lot of this away, quite frankly assuming they will figure it out and get it right. Im wondering what makes you think they will. I feel that when i look at the companies as an investor, i see the resources there. Siri to me is impressive. When you talk about google, the mistake they made back in february, it went on to 2xthe s p 500. That was pretty darned good. The resources are there. Youre using that as a plus. I would suggest its even more of an indictment of what were they doing for ten years. Lets discuss what happened last week. That was an unforced error. It was stupid. It was dumb. But if were going to use the tennis match analogy, were in the first set of ai at best. Maybe them just lost a game. And i want those resources from deep mine. I hear you and ive heard others say thats an indictment. I say to you as an investor looking at the company at 20x, roughly, forward earnings, having the resources there, all those years of experience, i hate the stupid mistake they made last week. It was just unnecessary. The heat on them, on the ceo, is tremendous. They either fix it or there will be a problem. I expect them to fix it with the resources. I want to ask shannon the last question in this segment. Thank you, steve kovach, to put all of this into perspective. The idea of what josh said, you dont want to be in the nasdaq. Thats where the bigger hits are going to continue to come whether parts of the trade are bubblicious. Keith learner says no bubble but could use a breather. Do you think its in a little bit of trouble for a short period of time . I dont think weve reached euphoric levels and a lot of investors cite the valuation differential and the premium and, frankly, the stocks grow at a pace thats higher than the Broader Market and they generate a significant amount of Free Cash Flow and probably deserve a premium. The challenge with the trade, it came into this year priced for perception. That was driven by two things, expectations of more than expected Interest Rate cuts, but, also, the fact they continue to post really strong results when the economic picture was from an outward perspective not as strong. Coming into this year, why wouldnt there be a rotation, other industries that could potentially do better in a Stronger Economic environment but arent trading and havent received that type of will have from investors. Certainly to multiple compression for the names when it comes down to it, this is within these companies is actually a strong sign for the market in our opinion that people are looking at fundamentals and making good choices. The dip buyers will come right back in, and were going to be talking about, well, that was fun. A few days of upset within that trade as money has been broadening out. Its just been overshadowed by financials, industrials, materials, and speaking of other trades, our chart of the day is target, because its popping on its earnings. Stephanie link joins us now to discuss this trade. Shes been adding to it. The sales did fall for the First Time Since 2016. Whats the read here . Why is the stock, steph, up near 12 when you read through this and you hear the outlook, it doesnt sound all that sunny. Last year in 2023 operating margins expanded in 180 basis points year over year. In the past quarter it expanded again to 5. 8. And theyre on their path to getting to 6 which is what they historically have done all because of things weve talked about, inventory fell another 12 while revenues rose 1. 7. This is the key, this is the fifth straight quarter where sales outgrew inventory. That is huge in terms of visibility and in terms of visibility to margins and the profitability story. I think thats what people are jazzed up about. Theres still a lot of wood to chop on same store sales. It will be a slow recovery, but theyre giving us a pathway to get to flat to 2 same store sales for the full year which suggests that they have confidence in the traffic trends theyre seeing as well as easy comparisons. For this year in terms of earnings, if they can do with 6 operating margin and a 1 same store sales number with a buyback which they have not announced yet, i think that number theyre talking about is so low, it could be for 2024. Part of me wants to ask if you take this pop and run. The story youre talking about is dismal. Same store sales declines. You can get back to flat. That doesnt make me feel all that fabulous about a stock thats giving you a gift today am. They have a new Loyalty Program i think will be very exciting. One of the reasons i started adding to the position is because of them going on the offense in terms of new product introductions, increasing private label and that sort of thing. This stock april 2023 levels is still down 37 from november of 2021, and you only have 20 buys on the stock and 19 holds and sells. And i do think you will see the analysts start to change their opinion. The story is not over yet. I appreciate you calling in. Stephanie link, hightower chief investment strategist. Youve been shopping yourself for some retail. You bought casy. It links with what stephanie was talking about. Yes, that was on purpose. The consumer is strong, folks. The labor market is strong. The consumer is employed and theyre consuming. Ive been looking in restale. I bought amazon. Thats obviously a large cap name. Im looking for something more unique, more on the small side where things are not as well known. Caseys general store is a gas and Convenience Store chain in the midwest think iowa, think illinois, think small towns where this is a social center. Not being pejorative or making fun of anyone. Thats literally the truth. Think about a locale where people drive 30 miles and they go to a caseys, get prepared foods there. Theres a special story to this story, spescial aspects, growin at a measured pace of 5 to 10 a year, very good Balance Sheet. Its a little bit on the pricey side, but i wanted to be in the space, and i like this story. Good stuff. When we come back, josh brown has a new buy. Something he says is one of the best opportunities in the entire u. S. Stock market. Were going to tell you what it is in two minutes. Announcer are you following the Halftime Report podcast . What are you waiting for . Look for us in your favorite podcasting app. Follow the halftime podcast now. Our neighbors, the garcias, love working with you. Because the advice we give is personalized, hey, john reese, jr. Hows your father doing . To help reach your goals with confidence. My sisters told me so much about you. Thats why its more than advice worth listening to. Its advice worth talking about. Ameriprise financial. So this is pickleball . Its basically tennis for babies, but for adults. It should be called wiffle tennis. Pickle yeah, aw whoo these guys are intense. We got nothing to worry about. With e trade from Morgan Stanley, were ready for whatever gets served up. Dude, you gotta work on your trash talk. Id rather work on saving for retirement. Or college, since you like to get schooled. Thats a pretty good burn, right . Got him. Good game. Thanks for coming to our clinic, first ones free. Right now you can get a free footlong at subway. Just buy any footlong in the app and get one free. Just scan the qr code and Enter Promo Code flbogo. It only works from the other side of the screen, buddy. You still got a land line in your house. Order now in the subway app. You can make money the hard way as a bullfighter you still got a or a human cannonball. Or save money the easy way, with xfinity mobile. Existing customers can get a free line of our most popular unlimited plan for a year not only will you save hundreds but youll also be joining millions who have connected to americas most reliable 5g network. Sure is a lot safer than becoming a stuntman for money. Get a free line of unlimited intro for a year when you buy one unlimited line. Visit xfinitymobile. Com today to learn more. All right. We have a portfolio move to tell you about. Josh brown adding to pfizer, something he says is one of the best opportunities in the entire market right now. Tell us more. Yeah this is very far away from what people are doing. This stock is on the 52week low list. Its actually at an 11year low. We havent seen it trade at these prices since december of 2013. Whats happening here, in my view, is very simple. Theres just no great nearterm catalyst for this stock and, as a result, people are coming out of it and looking for other things to do that might be more rewarding in the shorter term. From my perspective, that sets this up perfectly because im looking to be an investor here. Im not looking for any kind of shortterm pop in the stock. I dont even know if im done buying it yet, but i added to my position by about 50 yesterday as it was making a new 52week low. The people who watch the stock the show, know im looking for stocks closer to a 52week high and exhibiting strength. I think this is a special situation. Covid wrecked this company. They went all in on paxlovid and on the vaccines. Then the disease became endemic. Nobody needs the pills. Nobody cares about the shots. And their revenue was demolished. Thats why the stock is in a 60 drawdown paying almost 6. 5 dividend yield and they made an acquisition of cgen i think will have huge potential in the coming years for oncology drugs. Its been around for 175 years. Theyve had other issues like this, people worried about viagra coming off patent in 2017. They got through that. Before that people were worried about lipitor in 2011. They always find a way to rebuild Revenue Growth and reorient the company. I dont think this time will be any different. I am a buyer under 30, and well see what happens in the coming years. Its getting a move as were having this conversation. Do you have a comment here . Josh, im sure youre not surprised pfizer comes on my radar screen a lot. I bet on sarats, too. I see what youre seeing. I think youre going make money. The Thing Holding me back is that dividend yield. A lot of Free Cash Flow theyre holding off in dividends. Does that leave them enough for r d, the high yield is signaling that its too high . Im really glad you asked that question. In a series of recent presentations, not only have they committed to substantial r d, but, in addition, last year they froze the buyback so this used to be a dividend plus buyback story. They stopped doing that. They will have to deleverage the Balance Sheet to get back to buybacks. I believe theyll continue the dividend and i think theyll add the new leg to the story when its appropriate, and if you look at the history of shareholder return here, theyve done a good job historically with that Capital Allocation decision. I think they can do all of these things at once. I dont think the street is giving them that much credit that they will. Stock is on the move and well continue to watch it from negative or flat line by 1 . Bill baruch joins us now. He has a new buy. Good to see you. That is duke energy. Tell us more. Its not a sexy buy. Here is the thing. You cant manage risk all at once. Were planting a seed. Im a believer they come down. Utilities have been beaten down. Im looking to duke, and the reason im leading it here, earnings just over the last year alone, three out of the last four reports theyve missed eps estimates. A lot of that has to do with capex, and i think controlling capet is something you will see in the coming quarters and will be a tail wind to their eain. Revenues they beat over the last year. I see this as a positive. Strong economies. This is the seed im planting. Coming here next week or in the coming months this is a name ill nibble more and more into. Shannon, a utility move which, look, this trade has been terrible. Its the only sector that is down year to date and 1. 6 . When everything is up, it stands out like a sore thumb. The only other sector that has done poorly is energy. What do you make of this move . Josh said earlier, he wouldnt be a buyer in tech and utilities. Utilities has two challenges right now. Its a rate story and so with less Interest Rate cuts, not as much momentum, if you will, or any momentum or positive sentiment from a yield perspective. I dont think people are adding they want to feel a lot of protection. Theres the trend of electrification, of demographic shifts, upgrades that are needed. You have part of the solar story. You also have some, what i would say, some access to sustainability, which is becoming increasingly important outside of the esg paradigm. I think utilities should be looked at more so from an investment perspective, but i understand some of the nearterm head winds. We see a different story on the rate side and get some real spending coming out of the i. R. A. , the inflation reduction act. I think could you see a pop in utilities. Sarat, do you agree or disagree . I do. I own it and edison and owning it in a period now if and when rates do come down, multiple expansion. They also have 5 to 7 Earnings Growth and 3 to 7 earnings yield. I like owning a couple of utilities in the portfolio to add to the diversification. Good stuff. Bill baruch, well see you soon. Appreciate the update. Well track that. Lets get the headlines with bertha coombs. Metas social media platforms are down for many users today. Facebook and threads were affected the most, not loading around 10 00 a. M. Eastern time while instagram wasnt refreshing for some. According to down detector which tracks outages, a meta spokesman confirmed users were having issues. The Ukrainian Military said it sank a russian ship off the crimean coast in an overnight drone attack. Intelligence published a video that reportedly shows the ship being hit and going up in flames. Nbc news could not independently verify. Russia has yet to confirm the attack. And scanners who spot fentanyl crossing the u. S. mexico border in vehicles have been sitting in a warehouse because theres no money to install them. Thats according to the Customs Border protection commissioner to nbc news. The 300 million to install them was part of the funding request blocked by republicans. The cbp said over 95 of fentanyl seized at the border is in personal vehicles. Scott, back over to you. Bertha, appreciate that. R ha coombs. Oucalls of the day, analyst activity in toast and oracle and ak censure. And the good news is we have ownership. Well trade them next. Meets bold new thinking. laughter at 88 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. Old school grit. New world ideas. Morgan stanley. christina with Verizon Business unlimited, i get 5g, truly unlimited data, and unlimited hotspot data. Old school grit. New world ideas. So, no matter what, im running this kitchen. vo make the switch. Its your business. Its your verizon. My names brian hoeflinger, and because of tiktok, i have the power to educate people and hopefully save lives. When my son brian died in a drunk driving accident, i put out a video about it and try to stop young people from drinking and driving. No other family has to go through what we did. Tiktok has the power to change society, and i think thats where the power of tiktok lies. If you save one person, thats one more person that can change the world too. Right . Theyre waiting for you. Hey, do you have a second . Theyre all expecting more. More efficiency. More benefits. More growth. When you realize you can give your people everything, and more. Thank you very much. [applause] ask, now what . Heres what. You go with prudential to protect, empower and grow. With everything you need to deliver, you guessed it. More. One more thing. Whos your rock . Learn more at prudential. Com lets talk some toast because, josh, there was the call that came out yesterday. We wanted to do it today. It was initiated evercore, outperform, price target 32. You own the stock. Im in the stock, and the First Quarter they reported after i bought it, it immediately collapsed, so i look like an idiot. Now its on a rampage up 20someodd percent over the last month. The stock looks really good and i think what evercore is saying in their call yesterday is the main point which is the main reason not to be bullish on this company they havent reached profitability yet on purpose because theyre growing really fast, people need to start thinking about what this looks l like, ebitda will grow even if it takes a while to get to profitability. Evercore gets to a multiple of ten times profit or 32 times enterprise value to ebitda. Gets you into the 30s for the stock. The competition which is the other bear case, i know a very big thing people dont understand, talk to Restaurant Owners. Once they train their staff on one software program, especially in that industry where the typical Restaurant Owner worker is not very adept at technology, they dont switch platforms. Its highly sticky. Owners know that somebody who has learned toast elsewhere can plug right in for payments within their restaurant. It is rapidly becoming the Industry Standard with the biggest market share. The 106,000 restaurant customers they have today will pale in comparison to what the overall will be. Reiterated barclays, the company will earn on monday. You own it. I do. Its up about 50 year to date. The key here after the last Earnings Call what is the capex spend and what is the backlog, and thats what hurt the stock before. Its cheap valuation compared to its peers. What about accenture reiterated a buy at mizuho. 426 is the price target on that one. The consulting businesses have taken off now as more clients look to ai, looking to more cloud if they establish themselves. Theyre in the sweet spot in terms of working with a lot of Customers Using the products from the microsofts of the world. The operating coverage here is what you have to look for. A break and well trade the biggest movers. First, mike santoli will join us with his midday word. Were back after this. 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. Encore energy, americas clean energy company, now in production in south texas. Energizing america with reliable and affordable uranium for Nuclear Energy fuel from our environmentally friendly extraction process. Encore energy. jennifer the reason why golo customers have such long term success is because we focus on real foods in the right balance so you get the results you want. When i tell people how easy it was for me to lose weight on golo, they dont believe me. They dont believe i can eat real food and lose this much weight. The release supplement makes losing weight easy. Release sets you up for successful weight loss because it supports your blood sugar levels between meals so you arent hungry or fatigued. After i started taking release, the weight just started falling off. Since starting golo and taking release, ive gone from a size 12 to a 4. Before golo, i was hungry all the time and constantly thinking about food. After taking release, that stopped. With release, i didnt feel that hunger that comes with dieting. Which made the golo plan really easy to stick to. Since starting golo and release, i have dropped seven pant sizes and ive kept it off. Golo is real, our customers are real, and our Success Stories are real. Why not give it a try . Our senior markets commentator mike santoli with his midday word. A good test for the market if the mega cap stocks remain upset for a bit, and as i was thinking about this, i looked down and nvidia goes green. I dont know what you want from me. It replains the most exceptional of the exceptional out there. That being said weve had on the nasdaq 100 in the last six months or so in this uptrend five touches of the 20day average. This would be just the start of it. A fitful rotation. That said, as i was saying yesterday near the close, it feels the rhythms are off in the market. You did have so much hot money flow into some of the neglected corner, stuff ran really fast, you cleared out the short base. Well see how the market handles that. The new high list, its all of these big, important consumer industrial and financial stocks people own a lot of. Nothing says it stops here either. A breather is okay, too. I know the market was kind of doing that but youre still at 5100, thereabouts, for the s p. The russell is over 2060. Were Still Holding on to pretty good levels. We are for now. It wouldnt even be visible. If its under way its about something else, what powell says tomorrow, thursday, or something that gives you reason to be concerned that the story is over and the choreography. Thear mket just trying to get ahead of what powell may say on the hill. We shall see. Ill see you on closing bell. Up next, two big winners, two big rozzers. vo what does it mean to be rich . Maybe rich is less about reaching a magic number. And more about discovering magic. Rich is being able to keep your loved ones close. And also send them away. Rich is living life your way. And having someone who can help you get there. The key to being rich is knowing what counts. upbeat music with the push of a button, constant contacts ai tools help you know what to say, even when you dont. 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Com to find out if your policy qualifies. Or call the number on your screen. Coventry direct, redefining insurance. We are back. Lets trade two big winners and two big losers. Davita, stock up a bench. Now, im not suggesting this move today for this name means anything about anything else, but are we going to get some love into other areas of health care beyond that specific trade that has seen the likes of lily and some others just shoot to the moon . Listen, this is a transformative franchise in terms of glp1, but i think, you know, this expansion into south america is indicative of the growing demographic trends that are benefiting everything else, including a glp1, but across the board, its an aging demographic globally, as well as an expense of health care into developing markets. So this is fueling some of this rotation into health care, scott, but so far this year, away from just the glp1 franchises. At t gets an upgrade today. That stock is a winner. Losers, albermarle. Would be too much . We are back with fooifinal tra next. inner monologue another Destination Wedding . . We just got back from her sisters in napa. Who gets married in napa . My daughter. Who gets married someplace more expensive . My other daughter. Cancun jamaica why cant they use my backyard with empower, we get all of our financial questions answered. So we dont have to worry. Can we get out of here . I thought youd never ask. Join 18 million americans and take control of your financial future with a real time dashboard and real life conversations. Empower. Whats next. Im see you at closing bell at 3 00 eastern. We take you through the last hour of trades. Its going to be an interesting one. Were talking to Kevin Simpson and jonathan krimski. We talked about this resolution he thinks has to happen between the qs and apple. Hell explain further to you at 3 00. Shannon, final trade. Deputys equity. Sirat . Slb, schlumberger is very attractive at these levels. Josh brown . Berkshire in a 6 drawdown. This is where i would look at it. Citi group looks like its breaking out of a sixweek consolidation phase. I told you with mike santoli, nvidia has gone green. Otherwise, all the mega caps are in the red. Obviously, were watching apple closely. Some of these other names, meta and alphabet down, as well. Ill see you at 3 00 on closing bell. The exchange is next. [sfx win and rolling thunder] nobodys born with grit. British announcer rose is really struggling. Its something you build over time. American announcer thats 21 missed cuts in a row. [car trunk slammed shut] for 88 years, Morgan Stanley has offered clients determination and forward thinking to create the future. Crowd stop it . Only you can see. American announcer rose, back in the winners circle. [crowd cheers] [music out] every day, businesses everywhere are asking is it possible . With comcast business. It is. Is it possible to help keep our Online Platform safe from cyberthreats . Absolutely. Can we provide health care virtually anywhere . We can help with that. Is it possible to use predictive monitoring to address operations issues . We can help with that, too. With the advanced connectivity and intelligence of global secure networking from comcast business. Its not just possible. Its happening. vo sail through the heart of historic cities and unforgettable scenery with viking. Unpack once and get closer to iconic landmarks, local life and cultural treasures. Because when you experience europe on a viking longship, youll spend less time getting there and more time being there. Viking. Exploring the world in comfort. Glp1 drugs used in weight loss treatments stand out as the biggest global blockbuster, but these treatments require cumbersome injections. With lexarias patented oral delivery technology, early studies suggest a better way. Lexaria bioscience. With nurtec odt, i can treat a migraine when it strikes and prevent migraine attacks, all in one. Dont take if allergic to nurtec. Allergic reactions can occur, even days after using. Most common side effects were nausea, indigestion, and stomach pain. Ask about nurtec odt. Welcome to the exchange. Im dominic chu. Nvidia turned him into a growth investor for a little while. But now our market guest is back to his value roots and brings the names he likes coming up from here. Plus, a challenging Housing Market has been a good thing for this company. Well tell you why and talk to the ceo about where he sees demand going in housing from here. And we have the action, the story, and the trade on three more names getting
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