We have several moves to get through from the committee today, and were going to start there and start with josh brown who bought a few new things. I want to tell you about all those. You bought ebay, which hit a 52week high on monday. Thats the highest since february of last year. Tell me why that one has been added to your portfolio. So this is a breakout in progress. It got above longterm resistance, which was 48. I think it will hold that level, but well have to see. This is the highest level ebay has traded at, really, since april of 2022. It had been in this range between 38 and 50 since the summer of 2022. So this is basically a stock that cant get arrested. Theyve had literally no support on wall street. Nobody wants to talk about it. Its ten times earnings. We know the reason why its ten times earnings. Facebook came into the marketplace business a few years ago, stole some of ebays thunder. Theres not a lot of growth here. But thats the point. Youre not paying for growth. At this point youre paying for nothing, and they have accelerated the rate at which theyre returning capital to shareholders. A 2 dividend yield and buybacks are going up. And theyve got a ceo in here who actually was very instrumental in this company during a higher growth phase who is now back, and i think theres more to be said about the future. Very low risk here. I have a stop loss. Its not necessarily a longterm investment, but i like it from a trading standpoint. Okay, keep an eye on that as it gets a little bit of a move here. Youve been talking about the nasdaq. We, obviously, have been talking about the nasdaq. You bought the Actual Exchange stock. Tell me why. Nasdaq a breakout in progress, an rsi of 75. So it might need to cool off a little bit. Its 13 above its 200 day. 5 above the 50 day. Nasdaq broke resistance at 58. So you can see clear as day on the chart every time it bumped up against 58, 60 it fell off. Nasdaq is the number one play if you believe Capital Markets return in the second half of this year, as i do. I think were going to see ipos. I think were going to see a lot of activity and not just in the united states. The nasdaq has operating exchanges all over the world. They did something really smart. While nobody was paying attention, they went from being just an Exchange Business to really being a financial business and software company. And so theyve got now three different businesses under the one nasdaq umbrella, all of which have the ability to kick in earnings and Revenue Growth this year. And you had insider buying as well. I like the stock here. I think get into the 70s, again, its a trade. I have a stop loss in place but its a breakout in progress. I hear you. Another bump there. Cbre. Tell me about that one. Thats also new. Similar to a lot of the things i talk about on the show, i like these businesses where youve got a technical breakout but you have a fundamental reason that the market is only just now discovering. If you were to talk about Richard Ellis or cushman and wakefield the last year or two, everyone would tell you, oh, youre an idiot. Commercial real estate is dead. Its going to be a depression, blah, blah, blah. They dont understand the model shift under way here. Do you think thats news to cbre that thats going to be some challenges in commercial real estate values . Honestly, how childish can you actually be . So, what this company has done over the last couple of years knowing what the marketplace would be like, is theyve shifted into a much more services heavy arr softwarelike Business Model where basically they benefit from the volatility because they become the goto player for every corporation in the world. By the way this is global. Trying to figure out their real estate portfolio, right size their leases what do they own . What are they rening . What do they have to get rid of . Cbre will get paid coming and going. Its not just about transactions. Its about facilities management. Its about loss mitigation. Theyre in the mortgage business, et cetera, et cetera. So this stock is breaking out. Theres a reason why. People understand this. There was a lot of resistance at 87. It hit it three times. The fourth time was the charm, and, again this is a trade, but i think we could see the trade north of 100. All right. So you bought more of something else, too. Were going to get that in a minute. I want to spread the ball around here. Jim lebenthal, you have moves of your own that are quite interesting. Im going to go to the buy first, and then well go to something you trimmed, because the one that you bought is controversial, to say the least. Its new York Community bankcorp. You bought this in your personal account. Thank you for pointing that out. Okay. Tell us why you decided to do this. First off, no clients are in this, if youre listening. Also, folks at home, what im saying to you this is a speculative trade. It is higher risk than the normal investments you hear me make. I do my normal rationalization on this, and many people have fallen for the siren song but here is the analytical rationalization. They have uninsured deposits, but they have cash and liquidity on hand thats about 160 of what those uninsured deposits are, so if they went out the door, they have the liquidity to match that. They have equity thats equal to taking basically a onethird loss on their entire commercial real estate portfolio, which, apropos of what josh was saying, is a little bit unrealistic. People will say commercial real estate stinks and is going to go down. It will not go down all that much. The rationalization has to be held in balance against the speck la speculative nature. It didnt matter. Thats the element, folks at home, if youre listening to this, you have to go in eyes wide open. The secret sauce, scott, that got me thinking about this. Number one, Steve Mnuchin is no dummy. Let me leave it there. He just put a billion dollars in not him personally, but with a consortium in investors, and, frankly, is he no dummy, fdic, treasury and the fed knows this bank has to survive so that future trouble in the Banking System doesnt come home to roost on the feds balance sheet. What i mean by that is they cant let mergers like what new York Community bank did a year ago go under, and they cant let White Knights come in and get blown out, which is what they cant let Steve Mnuchin happen. Theres an ephemeral aspect on top of the rationalization but, folks, its speculative. Highs of the day there. Does it bother you at all that that stock, as i see it now, lets call it 3. 50, looks, to me, to be below where it was when the news hit that mr. Mnuchin and co. Were coming in doing what they did and what that might suggest about the fundamentals of this business moving forward . The stock obviously got a huge lift the moment that news broke, and it was a handful of days ago. We were all sort of transfixed by what was happening there. How would you address that . Of course this is something that somebody has to be uncomfortable if youre buying this stock, scott. Again, thats why its not for clients. What gives me comfort, it looks like the tangible book value is in the mid6s. Something 55 of tangible book value. And, look, remember, before the mnuchin deal hit it was below 2 a share. Im going to have a tight stop well, not that tight. 1. 85, 1. 86, Something Like that. It popped up to the high 3s and now is back down a little bit. The warrants they struck, struck at 2. 50. The shares they got are struck at 2. You know, look, its not without risk. Thats why im heavily qualifying this. Im going to give myself to 2. 70 as far as a stop. If it hits that, im out and will not look back. Josh . So, jim, i think one of the things that might be accounting for what scott is bringing up, the fact this stock is not higher than where it was since the rescue was announced, is probably something technical that maybe buyers like yourself could actually take advantage of. This is going to have to come out of a lot of indexes. This is, first of all, no longer a profitable company. Its probably not going to be a dividend story, at least anytime soon, nor will it be a shareholder buyback story, nor will it be a quality story. So all of that all of those indices that are going to have to kick this thing out means a lot of Fund Managers and index funds will have to kick it out, which is probably where the selling is coming from. But if youre jim, you dont have those restraints, and so you can get into something and im not in the stock but you can get into this while other people are forced sellers. And that could be advantageous in a world where index funds are so influential. Do you guys agree with that . Well, one thing ill say, josh, maybe the reason its up today is certainly not because im buying it but because they are doing a reverse split, which the idea is to get it over that 5 threshold, which for a lot of institutional managers is that floor. That speaks to that. But, yeah, what youre saying, this is no longer a dividend aristocrat, im saying that a little bit tongueincheek, there are going to be some forced sellers here. The other area of the market i think has gotten the most scrutiny of late, and deservedly so, is the chips space. For the magnitude in which a lot of these names have gone up, and not just nvidia, weve gone down the list almost every day. Super micro, amd. You mentioned youre uncomfortable with some of the exposure in that space. You trimmed nxp. Tell me why. First off, its a sector call. I was too overweight. Im 14 chips and chip equipment in my portfolio. Im bringing it down to 12 , which i think the other investors here will say thats still pretty high. You have to trim your winners along the way. Nxp has been a solid performer and part of its business is tied to automotive. Thats the obvious candidate as far as where to trim. Qualcomm has had a heck of a run. It may step back a little bit before going forward. Nxp, because of the duplicative aspect with gm. It takes me to another stock and another committee member, and its apple, which has had no momentum, to say theleast. And today,a market in which youre getting a bounce in nvidia and microsoft and meta and amazon and tesla and alphabet and amd and uber and costco and a lot of these big momentum moves, apple is red. And yet you bought a good amount more. Youve added substantially to it, you say, which is now a 5 position. Talk to us. Yeah, it held up better than the big six, if you will, over the last couple of days. This is not a mag seven play at all this is a stock thats down 13 from its highs. We know that the numbers have come down for the april quarter. We know that already. We know that china is weak and continues to be down double digits, but i do think that the april quarter will be better than expected. I think services will continue to grow double digits. I do think that the earnings picture will be double digits. Margins will continue to be a bright spot. Iphones are not going to be a bright spot, but im not buying it for that. Im buying it because the stock is down a lot. Its trading at 26 times revised numbers, historically its traded at 36 times, so i think its actually a bargain. April quarter i think youre going to get a buy back, a new one. Maybe its 90 billion. They could certainly do more. In june we get wwdc. Well hear about a. I. And what that means for iphone 16 and the Pricing Power that theyre going to have. So ive been underweight this name for a long time, and im still underweight because its 7 of my bench, but i do think its an opportunity. This is always viewed as the buyback being a bit of a backstop, if you will, because they buy back more shares than anybody else. Sure. Theyre going to ideally take advantage of whats happened to that stock. But something is peculiar when this thing cant get out of its own way lately, and what gives you the confidence it will be able to do that . Well, i dont have the confidence that its going to start working tomorrow, but i do think that this is an opportunity for the longer term. A. I. , even if they make good announcements in the summertime, its going to take a long time for that to kind of go through and filter into the numbers. I just think right now its so downandout, its so really not liked at this point in time, right . Thats an understatement, right . Youve had a lot of downgrades, and thats fine. I understand why there would be downgrades. Im trying to take the other side and think longer term, because i still believe in this company, in the story, and the products. Okay. So, jason snipe, i mentioned nvidia is bouncing with several of the other names, back above 900. It got to a high late last week, friday, of 974, 975, somewhere around there, and then it had that massive reversal, and it got people saying, okay, maybe the momentum trade is done. Maybe nvidia has topped. Maybe the momentum trade is over. Maybe its too soon to declare that specific issue, the death of the momentum trade is here. Because todays market would have you believe otherwise. Right. So i think, for me, when i look at nvidia as an example, it was 84 last week. Today its 65. There are some reprirepricings. I think that trade is definitely not done. I think its just taking a break, its digesting some. And i think it will continue to do well throughout the year. I think its a digestment at this point. How, josh, would we address this . There are a lot of notes passed around on the street about this very topic, about the socalled momentum trade, now were having a rotation that, you know, maybe the rally is some say the rally is tired. Others would say, its not really tired, its just rotating. How would you address this trade . Its been the most important trade in the entire market. Ive been saying for three weeks now, talk to me about anything but mag seven. Im not interested. Those stocks one by one are breaking up trends and sitting in no mans land. Theres nothing wrong with that. These are some of the biggest winners of all time. There are other stocks. I look at the best 100 stocks in the market every week. Monday morning, show me the 52week highs with earnings growth, with technical setups, and, increasingly, theyre happening away from the top ten nasdaq stocks. And thats great. It doesnt mean the nasdaq stocks cant also go up. I own them. I hope they do, forever. Its great. Give me ten more oracles. Thats not the story right now. The story right now is in travel. Its in anything related to the consumer, financial services. Can i show you a chart, please . Can we put up pfizer, fi . Other than stephanie link, raise your hand if you can describe what this company does. Look at this stock. Will you look at it . Its not mag seven. Its not a. I. There are so many charts like that. Look at marriott, mar. The ceo from delta just said last week was like the biggest week theyve ever had. You need to broaden the charts out, too, beyond there you go. Lets not do fourhour charts, guys. Look at marriott, mar. If this breaks 250, what is stopping it from going immediately to 300 . I dont know. Its not ai. So theres nothing wrong with nvidia continuing to go higher. I have no problem with that. Im in it. I want anything but microsoft, apple, alphabet. Its not where the winners are right now. Theyre pretty much happening everywhere else. Jason snipe, wolfe says excess in the market is starting to unwind. Josh is speaking to that. Even as the momentum trade was working, though, the stocks josh is talking about, you know, we mentioned those throughout the last couple of weeks as other areas stocks were hitting new highs. We said it was the marriotts, a lot of industrial names, some of the consumer stocks, the financials like jpmorgan, bank of america. Right. To his point, these other areas that have been working sort of below the surface, they just havent been getting as much pub or love as mag seven or around the other areas of momentum. Yeah. I mean, because theyre not up 80 like nvidia is, right . But, to joshs point, marriott, costco, you know, a lot of the industrial names, health care, energy, staples a lot of these names have done well over the last months and year to date. Again, its a broadening out that we continue to talk about week after week, but i think this is the real deal because we talked about it a little bit in november, and i think it was a dovish pivot from the fed and a pump fake. I think this is real. Its because of earnings. Comp services up 9 . But health care was up 8 . Financials were up 6 , 7 . Industrials up 6 . So if theyre up just as much as tech, why shouldnt they the price action should follow. That is exactly what is happening. If you look at the alleged narrowness in the market, said to be flatout premise. If you look at client flows, jim, people are buying stocks in many of the different sectors beyond just tech. It might be led still by comp services. But staples the eighth in history. Materials, seventh largest in the history of bank of americas equity client flows. So theres money going to all sorts of different places within the market, and thats one of the reasons the market looks like it does even if an nvidia and some of the others dont necessarily work on a given day. I think thats exactly right t. To stephs point, when we talk about nvidia, apple or microsoft, we say youre paying up for higher growth rates. When weve looked outside of tech at these more cyclical areas like materials, like financials, what ive said is, relative to these prices you dont need the same growth rate in earnings you will get from nvidia. You dont have to look for that. Thats why financials have been doing well. Materials the same thing. This comes down to the idea the economy is still going to do well and people are going to be employed. They are going to pay their credit card bills, their auto loans. Things will get constructed whether its houses or factories. Relative to their mris prices, these stocks are very attractive. I feel like the cpi today was a nothing burger, not to overplay it, but it was, you know, pretty much in line. We know the fed is not going to do anything this month anyway. And probably not may either. Its meaningless for next week. By the way, if you look at the probabilities of the june cut, barely budged after cpi. Why . Because, if we think the fed is not going to do anything until june or july, we have many more reports to come before then. Thats the line in the sand. And the pce, by the way, is closer to thats exactly right. Closer to the number, so to speak than cpi and pce means more than cpi. 5. 6 , we are now at 2. 8. Thats the number they look at. In the cpi numbers today, there are a couple of encouraging data points. Owner equivalent rent coming down from 0. 6 to 0. 4. We have a long way to go there. Food away from home fell 4. 5 . So i kind of think there were some encouraging pieces to the cpi number. Im encouraged by core cpe, higher productivity, that all speaks to inflation eventually coming down. The last is hard to get down to 2 . Were on a trajectory to get there. Well make that the last word. Well come back with our chart of the day. Its oracle. The names, the trades, were doing it all in just two minutes. Announcer e aryou following the Halftime Report podcast . What are you waiting for . Look for us in your favorite podcasting app. Follow the halftime podcast now. So we dont have to worry. Empower. Whats next. Power e trades awardwinning trading app makes trading easier. With its customizable options chain, easytouse tools and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. E trade from Morgan Stanley power e trades easytouse tools make complex trading less complicated. Custom scans help you find new trading opportunities, while an earnings tool helps you plan your trades and stay on top of the market. E trade from Morgan Stanley my name is oluseyi and some of my on favorite momentst. Throughout my life are watching sports with my dad. Now, i work at comcast as part of the team that created our ai highlights technology, which uses ai to detect the major plays in a sports game. Giving millions of fans, like my dad and me, new ways of catching up on their favorite sport. All right, chart of the day. Its oracle. Said that before we went to break. It leads the s p today. Look at that nice chart, almost 12 . Jimmy, you own it. And this was a stock going in that, with all the a. I. Hype, seemingly everywhere else, this thing got none of it. None of it. And here we are post earnings and its getting a nice bump. Not saying its a. I. , but finally this stock is doing something. It was doing something until six months ago and had two quarters in which what it did, hey, were building out these data centers to support our cloud initiative, but in those two quarters they werent showing immediate results. This is where a longterm investor says do you trust the management . Do you trust the strategy . We did and the strategy is paying off. The data centers they built are being used. They need to build more because orders are piling in. Their backlog is tremendous. No discussion whether they should be building these data centers, its how much more should they be building . The stock is up today, and thats just recovering what happened over the last six months. I think its going meaningfully higher from here. If i look at yesterdays analyst estimates trading at 20 times fiscal year 25 estimates. Morningstar has it at 18 times fiscal year 25 estimates. Estimates are going to go up and for good reason. The stock is undervalued at this price. Josh, you used to own it, and it wasnt that long teenager. Long ago. The revenue shortfall wasnt that big of a deal because what people want to hear more about is demand related to a. I. , and those are the magic words. If you say those words in a press release or on a call, you have everyones attention, and theres more buyers than sellers. Oracle is delivering. Its not a fast growth name. Its not the biggest name in cloud. They made the decision to go all in on cloud and focus more on that than database or traditional software, and its worked. I dont really know what else you would want to hear from this company. Big day. Were at the highs of the day for oracle. We have a number of new highs, a number of yours, mr. Snipe. Stryker, back to the ipo and 79. Listen, no, this is what ill say about stryker and the medical device period. Elective surgeries are way up. They have a really strong pipeline of new products coming online. Glp1s are having an impact on bmi. More folks are eligible for procedures they were not eligible prior to. Thats also playing into the price action for stryker. Alltime high for colgate palmolive. Back to its first listing here in 1930. Im glad its finally participating. We were talking staples earlier. Organic sales are performing above their target of 3 to5 . Theyre doing very well there. Theyre maintaining their margins and are very wellknown brands. Highest level for p g, too. Similar story to colgate, continue to maintain their margins as well. Organic sales are up 4 . This one continues to move. Steph, back to its ipo, cdw. And the turnaround hasnt even happened yet and thats the reason i actually own it. Gross margins continue to expand. Free cash flow is better than expected. This is a sleepy, quiet one. Reminds me of ibm a couple years ago. I think this has more legs to go as we get the recovery in pcs. Whats up with your home depot . Six Straight Days of losses. At least its up today. Whats up with that . It was up 31 from the october lows. Its had a nice run. They reported a number i thought was better than feared. They still have negative comps, as do a lot of the retailers at this point in time. But i think that youre going to get easier comparisons as you go through the year. Free cash flow is better than expected. They raised the dividend and so i think this was a laggard last year that is a leader this year. It will take time. I am a bull on housing and recovery. I think well see better results as we go forward. Jason snipe, Goldman Sachs, down five Straight Days. Just mentioned a lot of financials have been doing quite well. Whats up here . Its been struggling as of late, for me, im thinking about the second half of the year. They are unwinding that personal finance business i think is important. They were getting killed for that. It hasnt performed in the short term. Well see in the second half. Kate rooney has the headlines. Hi, kate. Special counsel robert hur continues his testimony on his investigation into president bidens mishandling of classified documents, earlier today he defended his descriptions of the president s memory in that report. My assessment in the report about the relevance of the president s memory was necessary and accurate and fair. Most importantly, what i wrote is what i believe the evidence shows. Health and Human Services secretary Xavier Beccera in a meeting today to make more emergency funding available to those affected from a cyber attack on its change Health Care PaymentDivision Three weeks ago, according to a new report in the washington post. Health care providers saying the Emergency Loan Program is not enough to cover their needs. And most automated driving systems arent good at making sure drivers are paying attention. A new study from the Insurance Institute on Highway Safety found many dont issue Strong Enough warnings to drivers. Only one of the 14 systems tested performed well enough for an acceptable rating. That was teammate in the lexus ls, scott. Ker to you. Ate rooney. Coming up our call of the day. Slb, fedex and lamm research. Ownership all the way around. So. Their solution for us . A private 5g network. ella we now get more control of production, efficiencies, and greater agility. marquis with a custom private 5g network. Our customers get what they want, when they want it. jen now were even smarter and ready for whats next. vo achieve enterprise intelligence. Its your vision, its your verizon. 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 [sfx wind, rain and rolling thunder] [music up and under] crowd get in [crowd cheers] american announcer justin rose has done it. British announcer hes a 17 year old phenom. Nobodys born with grit. British announcer this is hard to watch. Its something you build over time. American announcer thats 21 missed cuts in a row. [car trunk slammed shut] but creating a future only you can see, demands relentless pursuit. For 88 years, Morgan Stanley has offered clients the same determination and forward thinking that define justin roses career. Because the only way to reach your full potential. American announcer rose, back in the winners circle. Is to pair the vision of whats possible with the grit it takes to make it happen. [crowd cheers] american announcer hes done it [music out] all right. Welcome back. Lets do some calls of the day. A few to get through starting, steph, with slb, former schlumberger. Overweight, price target 62. What do you think . I like it. Its my Largest Energy position. It trades at 14 times forward estimates. Number one player in the industry, remains resilient. Thats 80 of revenues. Offshore is 50 of that 80 . Thats just getting going at this point in time. Margins in the mid20s and going higher. Free cash flow, they had a billion dollars more in Free Cash Flow in the Fourth Quarter alone. Thats why they raised the dividend and expect more of it. Jimmy, you own transocean and exxon. The highest beta you can play in the oil market. You mentioned offshore, where the marginal drilling will take place and these day rates are approaching 500,000 a day. Theyre not there yet, but everybody in the industry is looking for that contract that will come out any day now thats at 500,000. That will propel the stocks higher. Jason, its clear Goldman Sachs doesnt exactly love fedex. They dont hate it, but they lowered the targdet from to 291 from 293. As they say, its likely that nearterm headwinds remain. And theres no doubt about it. The momentum in the stock has really broken down the last six months or so. A strong 2023. Very weak 2022. Near term headwinds, trade disputes there. What i do like about fedex, they have some longer term cost reductions of 1. 8 billion that are permanent that they are looking to import on the company. I think that will be a propeller, very strong balance sheet, consumer growth, ecommercial, i think, are still tail winds. Strange you would reiterate a buy and the next three bullet points are lowering estimates by 12 for fiscal year third quarter. Also lowering fiscal year 2024 estimates, and then, as i mentioned, talking about nearterm headwinds remaining, but, oh, yeah, reiterate buy. And i think theres some margin pressure as well. Its a mixed story with fedex and they have to get through the nearterm hurdles. Lam research. Price target stays 975. I like the story very much. Its a very big position for me. Its all about wafer fab equipment demand and recovery to about mid80 billion this year. Thats down from 100 billion. There is a lot of upside potential. Advanced packaging, it will be a billion dollar business, up threefold all due to a. I. I think that this company has rerated on a multiple basis 25 times, but i think theres other growth areas that have yet to be appreciated. Well take another break, come back. We have to get to kemi santoli with his midday word. We have one of jim lebenthals stocks on the move after earnings. So well do that. Winners and losers still ahead as well. Well come back after this quick break. Hi, im jason and ive lost 202 pounds on golo. So the first time i ever seen a golo advertisement, i said, yeah, whatever. Theres no way this works like this. And threw it to the side. A couple weeks later, i seen it again after getting not so pleasant news from my physician. I was 424 pounds, and my doctor was recommending weight loss surgery. To avoid the surgery, i had to make a change. So i decided to go with golo and its changed my life. When i first started golo and taking release, my cravings, they went away. And i was so surprised. You feel that your body is working and functioning the way it should be and you feel energized. Golo has improved my life in so many ways. Im able to stand and actually make dinner. Im able to clean my house. Im able to do just simple tasks that a lot of people call simple, but when youre extremely heavy theyre not so simple. Golo is real and when you take release and follow the plan, it works. All right. We are back. Senior markets commentator mike santoli with our desk for his midday word. Two things i want to discuss with you. Cpi did nothing to change the story. Pushed yields up a tiny bit. The russell goes down on that, but, otherwise, status quo here. For the most part, yeah. What the market mostly wants is the permission to ignore macro as much as possible or at least just assume that its taken care of itself in terms of general disinflation, growth coming in better than expected. I think there was no real reason to start ramping up your worry out of the cpi. 0. 3 estimated. Not a big deal. The bigger question is, you know, did cooling off the overheated parts of the market for two days do the trick . Does that refresh the market, or is it still just kind of attempt to go restart the old playbook . And to your point there, too soon to declare still, i think, this momentum trade dead . Thats right. Given whats happening in many of these names, as we highlighted already, go down the list nvidia with a 5 bounce today, but its not the only place. Uber is back green. Costco is green. Jpmorgan is green. A lot of these points of momentum are back today. They are back today. And thats what i mean by it wouldnt take much to get them right back to those overheated vulnerable points. We didnt get a real reset here. Do we need one . I dont know. Maybe not. It doesnt seem as if theres enough kind of hesitation about were they too crowded, were they too overowned . Were people relying on them too much . The reassuring piece is they cracked a bit, nothing broke along the way and it seems game on. The oracle report just gave everybody the clearance to say, okay, this is going to be bigger than we thought. It remains a selfcorrecting market. To a degree. To a degree in these areas of alleged extreme or approaching that level of excess. This market has had a unique ability to just fix itself reasonably quickly. For periods of time, yeah. Its sort of explaining what a bear market does, retate and have these sort of rolling rallies and pullbacks instead of just, you know, risk on, risk off, everything goes up, everything goes down. And it has been reassurance. Ill see you on closing bell. Mike santoli. We do have a trade update from josh after this quick break. One of the disadvantages that we might have as women becoming leaders in business is that there are fewer examples in the world of women in leadership positions or in certain industries. If i dwelled too much on that fact, i might not have had the courage in the Home Construction bunesiss, and now my presence as a leader in the industry hopefully provides one more example. Personalized Financial Advice from ameriprise can do more than help you reach your goals. You can make this work. We can make this work. It can help you reach them with confidence. No wonder more than 9 out of 10 of our clients are likely to recommend us. Ameriprise financial. Advice worth talking about. The all new godaddy airo helps you get your Business Online in minutes with the power of ai. With a perfect name, a great logo, and a beautiful website. Just start with a domain, a few clicks, and youre in business. Make now the future at godaddy. Com airo all right. Welcome back. Josh, so there was a couple weeks ago, i guess, where you said there was one chart that stood out to you more than any other in this market, maybe the best one that youve seen. That was fpfizer. Not the chart. The chart is the worst ive ever seen. Which is why you bought it, one of the reasons you bought it, my bad. But talk to me. Yeah. The stock hit a low it hadnt seen on march 4th since 2012, and thats pretty unique in the s p 500, and there were legitimate reasons as to why the stock had been in a downtrend for the last couple of years, most ofthem having to do with the pandemic, and just a really bad bet on going over the top with covid stuff and allowing the portfolio to wither. But thats changed and they have made a huge 40someodd billion dollar acquisition the cgen, the leader in what is arguably going to be the next generation of cancer fighting drugs. And so if you think about pfizer today, youre basically paying 10 or 11 times earnings. Nobody thinks theres any growth coming. If you listen to the company talk about how transformative this allin bet theyre making in oncology is, you understand what the opportunity could be a couple years out. And i would tell you, scott, we talk about tam on the show, talking tech, 20 Million People around the year will be told they have some form of cancer. 2 million of them will be in the united states. 10 million will die. 600,000 of those who die from cancer will be right heads like what the hell was that about . What are they trying to say . Theyre going to make the fight against cancer the story of the company between now and 2030. Theyll go from five blockbuster oncology drugs up to eight. Theyre going to take the biologic there is 6 of their portfolio to 65 , and i dont think that this stock is pricing in any of that potential at the current price. So its not a momentum name. Its antimomentum. But i think its cheap and misunderstood and im willing to be patient. I added to it this week, im not trading, im investing. Jimmy, on caseys general, which we had you give us the setup on coming in, the stock is down slightly. What is your takeaway . It was a final quarter. This is a stock i just bought about two weeks ago and something im looking to make a longterm investment. It would have taken something dramatic to kick me out. They beat on the earnings. Revenue is a little light because fuel volumes in the quarter were a little low. Reaffirmed guidance. I like the setup for the longterm. They have a great gee graphical foot print in the midwest. Customers like what they sell, the food that they sell. I like the setup here. Up next, two big winners, two big losers after the break. grandpa vo im the richest guy in the world. Hi baby woman 1 vo i have inherited the best traditions. woman 2 vo i have a great boss. Its me. man 1 vo i have people, people i can count on. man 2 vo i have time to give grandma vo and a million stories to share. grandpa vo if thats not rich, i dont know what is. vo the key to being rich is knowing what counts. Were back with two big winners, two big losers. We begin with 3m. Stephanie, you dont own it, but i know you have thoughts about the ceo change. Best day since june of last year, the best performer today within the dow. Bill brown is the real deal. He was at l3 from 2011 to 222, the stock went up 322 . This is like ge redo. If i had cash, i would be buying it, because the stock is very cheap. Its a lot of ways to win. Another winner, speaking of, is aap, advanced auto parts, striking a settlement with dan lobes third point. And then losers, im coming back to you, stephanie. Boeing is on the list. Yep. I dont know how many timsz times were going to mention this. Seems like every day. Jim threw in the towel because he was sick and tired of these stories. Hard to defend, but i think longer term, theyll get through this, and the duopoly is very powerful with airbus. And Global Demand is still very strong. So cash flow is improving, but youve got to get the headlines out of the way for the stock to at least settle down. Southwest also down substantially today, double digits, the worst day since march of 2020. Plans to reduce capacity and reevaluate the Financial Outlook because of fewer aircraft deliveries from boeing. Quick break and final trades next. As an independent financial advisor, my promise to you is simple. As a fiduciary, i promise to put your interests first, always. I promise that our relationship will go well beyond just investment decisions. Its the intersection of your money and your life where we can make the biggest difference. 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I. impressed ay i like it who wants to come see the future . get your Business Online in minutes with godaddy airo at pgim, finding opportunity in fixed income today, helps secure tomorrow. Our timetested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. Pgim investments. Shaping tomorrow today. 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. Ill see you on closing bell 3 00 eastern. I cant wait to take you through the final stretch and see if we can hold onto this positive move and see what momentum is doing at that hour, as well, led by nvidia, which is still having a nice day. Josh brown, your final trade . Im going to give you pfizer. Long and strong. All right. Adding to that as you told us earlier today. Farmer jim . Alphabet. I think this one is coming back. The failed image generator is much like what happened a year ago when it came storming back after that. That will be one to watch, for sure. Jason . Progressive. Solid earnings, 26 longterm growth. I like this one. But you dont own it. I dont. Got our eye on it. Stephanie, housing was your contrarian play of the year. Yes. Dr horton here, which you dont own either. I dont yet. Its trading at 11 times earnings, and spring selling season is here. That will be very positive for the stock. Yet the operative word. See you on closing bell. The exchange is now. Welcome to the exchange, everybody. I am Brian Sullivan in for kelly. Heres what is ahead. A slightly hotter inflation print may be pushing fed rate cuts further down the line. The markets pricing in a 5050 chance in june, but wall street largely shrugging it off. The s p and nasdaq set to snap a twoday losing streak. Boeing down again, after the New York Times reports it failed 33 out of 89 product audits. And its february deliveries trailed airbus