Lets begin with the markets today. The dow marching closer to that 20,000 level as everything from the transports to small caps, nasdaq hitting record highs today. Josh, what, if anything, is still cheap is the question i pose . You have 40 new stocks hitting 52week highs in the s p today. You had 112 yesterday. Is anything cheap enough to buy anymore . Let me start by saying this is a great environment for people who didnt panic during all of the big bad event that is we had this year starting from the things that went on in january and february related to china, continuing through, you know, the brexit drama this summer, italian referendum. The election here. If you stuck to your guns skpurks owned cheap stocks, you are doing very well. Value is outperforming substantially. Small caps that couldnt get love for two years are also doing well. I dont understand why we would say that thats going to stop. The its important to point out the four best sectors in the s p were all negative in 2015. People forget very quickly. Im looking at one of the most unpopular, unloved segments of the market right now. Biotech, health care, drugs, medical devices, and im saying i dont need to be with the cool kids. I dont need highfives from my portfolio today. I want to own the names that at a certain point even if its midway through next year start to outperform because Earnings Growth is better than the market and multiples are cheaper. You guys collectively. Striker, some of these stocks, medical devices to joshs point. Med tronnic was down at the 52woke low. Bought it. Stocks now 3 higher a week later. As far as teches and things like that, there are plenty of stock that is got cheap during this. I like joshs thesis. Especially bold on the drug i like johns tie. I really admiration society. Absolutely. I think, judge, there are plenty of cheap stocks still. Plenty in tech. Plenty in the medical devices, and if are you bold enough like josh, to go into those drug stocks, thats a heck of a call. Yeah, go ahead. I think there was a regime shift after the election, and i think that you are seeing that play out now, and theres no reason that thats going to stop. You want to be buying the domestically oriented stocks that are value stocks in the u. S. , that were unloved for the first nine months of the year. Now theyre starting to rally, and i think those are the sectors you want to be in. Its energy. Its the industrial stocks. Its the banks shares in the u. S. U. S. Domestically focused is where you want to be. Despite these amazing gains since election day, dow up 7 , s p up 5 , nasdaq 5 , russell 16 , transports 14 . Weve got i decent amount of runway still left. Wei weiss, you agree . I do agree. Im not as optimistic on the drug stocks or boy tech, even though im big fan in general biotech. I think i dont have to play there, and i dont think its necessarily unloved. I think it was unloved for a day. Everybody i talk to is looking there. Even a Commodity Hedge Fund trader that i know who doesnt play there has been buying them and buying more. Its the fall trade. I still think youre playing with fire. You are playing to our point, though, right . Theyre buying it because if they look at the market, they say most people are not doing it, radio it . People are looking at my point is that you dont have to play with fire. Its sort of like stage right. Everybody is going up. I this i that if you are looking at where the market came from, thats done more for Portfolio Managers to refresh their linkedin contact page than any other mechanism. Yes, its going to keep going up. I do like the market. I do think it goes higher. I dont think youve seen the normal tax selling of winners this year because who would sell knowing you could have a lower tax rate next year. I dont think youll see that either. Im still buying it. Still adding to financials. I also bought european financials, which were up the yield curve is steepening. The best trade is 10 . Others said its shorting 30year bunds. We have draghi. He is tapering. Guess what, my sense is he may not last until 2019. Thats a layup trade. One swg thing going on this week. Financials had another great week. Up 4 . I think almost universally this show weve been on that trade, but tech stocks are also up 4 this week, and thats been one of the worst sectors since the election. Steve and i talked about it the other day. At a certain point the source of fund story is not going to be as interesting versus how compelling thats i like cadmium was up 10 in one day. Every u. S. Average made an alltime high this week except for the nasdaq 100. Composite is already there. The 100 is on the verge. Thats imminent. You have tech stocks acting much better this week. Really for the first time on a weekly basis since the election. Mr. Wonderful, how are you feeling today about this rally . I want to make a comment about striker because i ownmedt. The ceo said something thats a new message from all messaging for all large cap companies. He specifically went out of his way to say, look, before i even talk about the quarter in the future, i want to know that our prices for our products in the last 12 months has actually declined 150 basis points. We are so productive, were able to increase cash flow while reducing prices. Did he that specifically in my view just so he wouldnt get a tweet from trump. He is trying to explain. Leave us alone. Were doing our job. Were making sure were not overcharking because we saw what you did last week to ibb and all the biotechs. This is a new environment. This is a really interesting outcome of what trump is doing. He is forcing the dialogue to change in messaging to the market. If all of a sudden you are in a situation where he catches a gleam of a price increase he doesnt like, he takes down your market cap 5 billion. This is getting really interesting. You made the point the last time you were with us, a handful of days ago that you didnt think that trumps rally would last. That it was going to run out of steam. You know, like the financials here nearly as much as everybody else does. Everybody else on the desk in front of me today thinks that this rally has legs. Have you changed your opinion . Do you want to throw shade on everybody here . No, no, no. I am net long. Theres no question about that. I do take issue with the Regional Banks. I think those are dangerous because whats occurring now is you have the junkiest, lowest quality Balance Sheets you have ever had in that sector in your life. The worst roas. All thats occurring is pe expansion. As we give them the love, as we talk about all the wonderful things that are going to happen right away in to 2017, that stuff hasnt changed at all. No extra cash flow. No change in regulations yet. Im going against the crowd on this one. Theyre up in the last 20 trading days on the same exact fundamental that is they already had. At the end of the day this is a group thats done nothing for a very long time. Finally broke out. You could have said all of the negatives that you just recited 20 ago. I totally understand where you are coming from, but i dont think backward looking fundamentals, which is i think what were referring to, really dictate whats going to happen in the future. What he is saying is stocks are discounting mechanisms. They look forward. If you wait for the fundamentals to change, you are going to miss it. Thats not going to be more bearish than over the last eight years. Were entering into a new regime for the financials, and thats why i think you have to buy the Regional Banks right now. You want to respond to the three . Yeah. Im looking to make 10 in the other direction. I didnt say i didnt like financials. I think you can argue a great case for the money center banks. The wire houses, jp morgan, goldman sachs. That all makes sense. Whats going happen is somewhere along the line in q1 were going to see a 10 correction in the Regional Banks. People finally figure out, whoops, these numbers are terrible for q1 and q4. I want to be optimistic. I hate going short anything. I am starting to see pe expansion here. Look what the regional advisory done since the election. If you look at the graphic we just put on the screen that showed you the performance in the big banks since the election, the gains are amazing. Stunning. If i showed you if i show you a chart if i show you a chart of the Regional Banks which, by the way, are mostly midcaps, well within one standard deviation to have a 10 correction in any quarter. Banks are trading at a 20 discount to the market multiple, and in addition to that, youre seeing real expansion on the credit side. The Balance Sheets are improving. They have been improving over the last couple of quarters. Moves weve seen are normal. Theyre not. I bought some russell yesterday at levels so deep out of the money and so cheap youll love this stock. At levels they were a month ago. Ridiculous. I am selling calls against some positions. They just have gone too far too fast. What am i going to do . Trade around core positions that i like . No, of course theyll reset a little bit. Im not going to trigger tax gains. I would love them to come back and im slow cash. Long r its not mutually exclusive to agree with what steve is saying and say a consolidation will be welcome. Let me ask you this, then. If i pose the question, is it tougher right now i want everybody responding to this. Well go around the table first and, kevin, ill come to you. Is it tougher to buy something new or to sell something thats gone up . You know, you think the market is going to keep going up. The function of what strategy ewe running. Its a function its a function of what or tax deferred. Im trying to make it more of a market call with you guys in and of itself, right . I think its tougher to sell something that you own existing because uncertainty has faded. Were past the election now. I think that the forward looking economy and the forward looking market is a lot clearer over the next year than it has been over the past year. From my perspective i think we eliminated a lot of uncertainty, and that makes it harder to sell. Even, you know, despite the fact that, yes, people are happy about what the trump policies could mean for business, the economy, and the market, theres still a lot of uncertainty, is there not . Theres a ton of uncertainty out there about what his actual policies are going to be, but if you look at the past eight years and what its done to corporate confidence, its killed corporate confidence, and i think corporations looking forward have a lot more optimism than they have had in the past where. That was a good point. How about that point . How about that point that there is maybe for the first time in a year at least, more clarity about not only where the economy is, but where the stock market can go . I mean, thats the point i made nationally that weve been living under down right oppression for eight years. I mean, everything has been negative. Its absolutely true. Everything has been negative. Everything has been you guys have been shored up. Everybody feels as though theres a new level of clarity. The economy is going to continue to accelerate, that jobs are going to continue to do well, and that the stock market as a result is going to continue to go up. There will be a time when well look at problems, and i think that im much more aggressive in terms of when that tenyear goes up, and i think the facts the fed is going it continue to lag. Well see at least three hikes. By the way, as the fed lags, theyll get more aggressive, right . With those three hikes. Well see a tenyear at 3 before anybody knows it. Were going to see 2. 5 in a few weeks. Thats going to be the issue. Thats going to be the moderate o. Kevin, before we take a quick break, dont you feel as though there is a little more clearer of a picture on where we could be . I dont the idea that ceos arent going to get beaten up anymore i dont agree with, and heres why. He said give me a list of Ten Companies that i can call the ceo. I love calling ceos because they always return my call. No kidding. Youre the president. And he says to them, by the way, youre not leaving. Dont talk to me about your stock, and if he starts to identify these names, he is actually going to be controlling the market in a different way. Im not against it. Im not saying he is doing something wrong. Its just that he has a whackamole ceo. He has a bully pulpit. Youre making the statement that he is going to be a true bully with it rather than just use the pulpit he has to be the grand negotiator he claims to be. Ill tell you who taught him this. Mark burnett. He is doing a good job. This is about drama and about putting yourself in a position as a negotiator, and he is really good at it. Its going to be a new different way than you look at being a large cap well known international stock. You got to watch out what you are saying. For the First Time Ever in the last ten years my social media director is only 27 said to me she was talking to a lot of her counterparts that work for large cap companies. For the First Time Ever the ceos are asking to see the script of anything going out on social media. Any communications at all. They havent done that in ten years. All right. Heres what elses is coming up on the halftime report. A big day for big movers. Restoration hardware need some fixing. Down beat today. Down bigger this year. More than 60 . Plus, disneys movie magic. A weekly forum rogue one. Can the force let this stock higher . Forget the kasz notice. The casino stocks have become the casino. Big moves yesterday and today. Should you put your chips on the line . Hit me. More halftime with scott wapner on the table next. Speed always wins. Especially in my business. With slow internet from the phone company, you cant keep up. Youre stuck, watching spinning wheels and progress bars until someone else scoops your story. Switch to comcast business. With highspeed internet up to 10 gigabits per second. You wouldnt pick a slow race car. Then why settle for slow internet . Comcast business. Built for speed. Built for business. Were also watching restoration hardware. Mostly because of the ugly picture. Shares are plunging. The company cut its guidance warned on slow holiday sales. Whats your take on this name . Its the worst day for the stock since june. Resto has been a heart break stock for years. The first time this thing got in trouble it was because their infrastructure. Inventory management, their ordering system was just not performing. It really you got to blame management. You know what i like to say about this actual business, you think about a step back. This isnt like flipping burgers. Its not a model thats easy. Youve got to decide from the artistic side the buyers have to look ahead and say what are people going to want to buy on the floor or online that we actually have access to in asia . A place where you might buy a lot of wood products. I got to tie up capital and ship over and put in inventory and slow it on the floor and online. All of the time they get it wrong they get it wrong and its not like clothing where you can just put it down 20 , 30 it blows off the shelves. This is really lower margin stuff. You are long this and this is exactly what happened to these guys. They got it wrong. They bought the wrong stuff. People dont want to own it. Theyre marking it down. Theyre losing money on some stuff. Its a really tough business. Its a singular case rather than the higher end consumer . No. This is not an index on consumer demand for this product. Actually, you if you are executing well, you would be doing a lot better. This is just bad management. Sometimes you have to blame the guys running the ship. They did a poor job, and the rulers are going to come down and spank them. Thats whats going to happen. The reason i have to agree with kevin is not only because he is a friend, but kitchevin, about agreeing because this is the second time this year its happened. Were the stock was such a darling, too. Yep. You remember 100. I think it was maybe three years ago at this point, los angeles lazlo barini. The stock had a real big run following that conversation, or at least in the midst of that conversation. It went on for a while, and then the thing has completely reversed itself. Its a fashion company. If you miss a few seasons of trends, the consumer doesnt have to keep buying. It sounds like with private equity being so flush with cash eventually it sounds like a good takeout candidate. Im surprised that Holiday Season is such a big driver. It seems tough to get a big couch under a tree. I dont know. They have a lot of other stuff in that store too. You can buy a scented candle, steven. Shares rebounding after yesterdays big selloff. You bought when . I bought wynn. I was on calls on mgm and getting hurt. I thought i would take a shot on wynn. This was, of course, about one of the many places this article showed up was wall street journal, and it was a rumor that china was going to be cutting back on capital flows in one of the ways they focus in to do that and that was to basically address atms and other. That happens every, what, two or three times a year, judge, that you hear Something Like that. You have to be sort of ready for it. Its one of the reasons you want to mostly be in calls rather than stock, but i did buy stock on that drop yesterday, and i was flipping out most. I imagine i have it buttoned up with calls or be out of it today. The monthly charts on these names is a disaster. The dailies look a little bit better. If you are trading shorter term, i assume its what you are doing. Probably focus on the stronger names. Mgm to me has a better chart setup than the other names, but, again, as a more intermediate term thing, i dont think i see a setup that there are six months up nearly 17 for mgm. You have a pattern of lower highs, which tells you the sellers are coming in earlier and earlier on each successive rally. On a monthly chart basis, i dont want to be in these names. Cocacola ceo kent is stepping down this year. Should you own cocacola or pepsi instead . Well give you the trade ahead. One transport stock. One wall street firm believes it will be next years best performer. Well tell you what that is. We want to hear from you as well. What would be the one stock you would give as a stocki ining str this year . Tweet us at halftime report. Use the Stocking Stuffer stuffer. Say that three times. Stock Stocking Stuffer. I dent even say it right the first time. I had to leave my happy home in exile oh which way should i go . Home is where i want to be home we love being green. So the nest learning thermostat connects to your phone, and learns what you like, to help you save energy. And thats something everyone can appreciate. Mary buys a little lamb. One of millions of orders on this companys servers. Accessible by thousands of suppliers and employees globally. But with Cyber Threats on the rise, marys data could be under attack. With the help of at t, and security that senses and mitigates Cyber Threats, their Critical Data is safer than ever. Giving them the agility to be open secure. Because no one knows like at t. Okay, so you launched your banks app. Now what . How will you keep up with the new demands of todays Digital Economy . The fact is some believe they wont need a Traditional Bank down the road, so at cognizant, were helping banking and Financial Services Companies Think digital, be untraditional, and reimagine what the bank of the future can be. Our clients can now leverage customer intelligence to predict their financial needs and provide more contextualized products and services. Were creating new platforms across channels so customers can effortlessly invest, borrow, lend, transactwhereverwhenever they choose. And were digitizing the way banks run, driving efficiencies and delivering new value for their customers in return. Digital works for banking and Financial Services. Lets talk about how digital works for your business. Welcome back to the halftime report. The latest movie in the Star Wars Franchise rogue one opens next week. It is one of the most anticipated movies of the Holiday Season. This after disney has already stopped 6 billion in Box Office Sales for the year. Thats a record for the company. Kevin, you have been on this stock. Its back above 100. Pushing at 105 now. You still like it . I still love it. I think what my investment thesis Going Forward now is we all took advantage of the discount we got from the espn concern. You could have bought the stock at 93 just a few weeks ago. Now were getting rewarded by the fact that people have fully baked that in and are starting to look at the other earnings. Heres my investment thesis to hold it into q1. Most institutional managers took this down from a 5 max weighting down to as low as one. Now all of a sudden when they see it is moves and he talks about the optalty he has over the top, the long tail of selling and content like lacrosse, he has done a great job in spinning that whole problem. Its when toounts opportunity. Its not fully owned. Im going to hang on. We could get another 5 , 6 out of the stock by the time it makes a 5 weighting in the majority of mrgsz. Its almost 6 in one week. Is there new magic so to speak for disney . Well, i bought it like kevin did when they were talking all that bad stuff about espn and then when eiger came out and said, gee, we only lost this many subs instead of the numbers you were projecting. Not you, pointing to you, scott, but the numbers the street was projecting. The stock just ripped. Pete saw it november 29th unusual call activity. Up side calls out in february. I would give it a little. I think kevin is right. You still like it too, right . I mean, i have stayed with the idea that ultimately disney would figure out ethic Ethical Consumer preference challenges with digital cob tent. Aye made the point that theyve been doing this since the 1930s. Its always a different transmission mechanism, but having the best content, and having a ton of cash flow in the meantime. Netflix has the exclusive on some of the best Motion Pictures of all time and television shows. Thats not a forever deal. When the deal runs off, dont fall out of your chair if disney doesnt have its own app ready to go like weve seen from hbo and showtime. I would probably in the first or second inning of figuring out how to make money from streaming, and espn will factor into that as well. Were going to take a quick look at the market right now. It is 12 30 on the east coast. There is the Dow Jones Industrial average. Onethird of 1 . Its a gain of 60 points. That march towards dow 20,000 goes on. The dow on pace for its fifth positive week in a row. Not to be outdone. The s p 500. New high today on pace for its sixth positive session in a row. That is the best run since june of 2014. Nasdaq higher today as well, but the russell, into intraday high. The transports a new intraday high as well. The margaret rally locals on. Sue herrera who has the latest headlines for us. Amazing run, sue. You have seen a lot of markets. This one is pretty amazing. It really is, scott, and, you know, theres volume behind it. Its it really is a stunning move in the market. All right. Heres what else is happening at this hour. The cd c its an active zika transmission zone. There are no new cases of local zika virus for more than 45 days suggesting the risk of infection is no longer greater than perhaps the rest of the Miami Dade County area. Vice President Joe Biden arriving at Canadas Parliament hill for a bilateral meeting with Prime Minister justin trudeau. Biden shaking hands with dignitaries before signing a guest book and then walking down the hall of honor with trudeau. South koreas President Park holding a Cabinet Meeting following parliaments Impeachment Vote for which she apologized for her niegligence. Park will be stripped of her powers followed by the nations prmt Prime Minister. The d. O. It. Is proposing airlines to passengers making in flight phone calls despite complaints about flight attendants that they might be disruptive. Airlines will be required to tell people when they buy tickets whether calls are allowed. Thats the news update this hour. Sco scotty, back to you. I dont know if i want to sit next to somebody on the phone all the time. Weiss is always on the phone as it is. Can you imagine sitting next to you on a flight . Could you imagine just imagine the stock tips, though, that would come out of that conversation. Thats exactly what i was going to say. Think of how much you could learn about his positions. In the stock market. Or who he hangs out with. Sue, thanks. Youre welcome, guys. Were about to reveal the stock americans most want to buy. The traders are going to give us their favorites too. We want to hear from you as well. Tweet us at halftime report. Use the stock Stocking Stuffer. I knew i was going to do that. First, doc, you want to say that again . Stock Stocking Stuffer. All right. First, the dow 30 heat map. Alpha seems more elusive today. Is it because so many go after it the same way . Chasing after short term returns. Instead if getting caught up with the crowd, the Investment Managers at pgim take a long term view, teaming specialized active investing with riskmanagement rigor, to seek out global opportunities. We manage over a trillion dollars this way, attracting many of the worlds leading investors. Partner with pgim. The Global Investment management businesses of prudential cnbc releasing the all america senior economics reporter Steve Liesman asked americans the one stock they would use as a stock Stocking Stuffer this year. I like hearing you say that. I dont. Not easy. Its good. What do you have . So interesting results. First of all, the number one stock that americans would give as a holiday Stocking Stuffer or a gift is amazon. 18 . Whats interesting about that is its a sixpoint gain from last year, and it took the place of apple. Good memory, scott. Apple fell a little bit. Amazon gained a lot. Google in the third place. Walmart in fourth. Then its everybody else. Now, i consider the top four there pretty much tied because within the margin of error in the poll, and whats interesting to me, though, are the ones who really arent in the top five. Netflix, microsoft, ford, starbucks. The most interesting of all not there is facebook. Im trying to figure out whats the metric that people use. On the one handy would think it would be, for example, a good Customer Experience might be something, but people are making a kind of combination of that and a financial amazon is a good choice to replace apple given recent performance. Whats interesting, though, is you still continue to see a focus on the names in the bright lights. Right. Not the names that have done the best in the trump rally, if you want to call it that, or the ones that are expected to continue. Like the trill industrials, some of the cyclicals, some of the cramer calls them sort of dirty businesses. Not these sexy companies the interesting point is something you guys have talked about a lot here. The extent to which the public is tuned in to the stock market. I will show you if were going to get to another interesting part of this, which is the traders pics. I want to show you another graphic, which is whats happened to investor to americans optimism over the stock market. A good work in the back there, guys. 40 now say this is a good time to invest. 33 saying its a bad time. That gap there, that 7point gap is one of the best weve had in at least two years going back to december 2014. I think theres an early indication after this rally that mom and pop is getting involved here when it comes to the stock market. After seven and a half years, 12,000 dow points, and actually if you care at all about forward looking expected returns on valuations, probably one of the worst times to going out. Not over a year, but five and ten year respective returns. How does that follow the market . By however long all that its a correlation. Optimism at this moment as it was in december 14 is entirely tied to political events. When you have the republicans take over congress, there was a surge in optimism. You also have a surge in optimism now on the stock market and on the economy as well. Its driven by huge republican optimism, more independence optimism and less optimism on democrats, and thats a lot of the way things work. What about the picks that all of you awesome picks by these guys. The crowd and amazon i dont know if this means that you want to have one of the these guys or a trader in general as a Family Member or a friend because this is what they would give you. Aaron would give you a Regional Bank etf. I think thats a great christmas presents. Does it come with a bow . It does. If you want a bow, ill give you a bow. I think theres a catalyst ahead of us with a change in the regulatory reform. We have positive macrofundamentals, and those are in favor of the Regional Banks. In addition to that, you have expanding nim margin expansion, and expansion loan growth. I think its a great i want you to make this a december to remember. Now, weiss, this is the best one of all. The yield curve has been steepening. Weve unnaturally low rates. We hear in germany to essentially say, hey, i want to be out of qe so they will get out eventually. Its going to be the gift that keeps on giving. We will see qe end. You want to see a a kiss on the cheek after getting short im not that kind of guy. My point is this. Its going to be rep indication trade. These guys are some of the best engineers on the planet. Also, oil and gas, and government contracts. I think theyre going to be doing very well. Josh brown. Yes. The equal weighted biotech index etf xpi. I would give this and just say these are 40 companies that are going to change the way we live and change the world over the next ten to 20 years. They may be very unloved this year, but that can change in a hurry. This i think would be a great longterm gift. Not like a treadmill you get and its got laundry on it three months later. Kevin, no shame in giving one of your own shares to somebody. Your pick is you just happen to be your own fund, right . No shame at all, kevin. I am pounding the table on europe. Oeur is unhedged europe. It was a bad trade in 2016. Its going to be the one that makes more than 10 . Two reasons. The euro has been crushed. The british pound has been crushed. You have an opportunity to get the bounce back on the currencies and the earnings power of these companies. Im on my way to zurich and gene geneva. These guys are on sovereign funds, i want to see where theyre putting their money. The biggest argument is all of this easing thats going to be occurring. We stopped doing it domestically, but draghi has the pump going. Youre going to have that. Remember how we loved it back in the old days when the fed was our friend . You still have that in europe. I love europe. Pouning the table. Unhedged. Unhedged europe. Deutsche bank was their pick, and aaron brown, you have been buying the european banks too . I like the european banks, but i totally disagree with the euro. That is a leading indicator for the currency. I think you need to be very careful about being hedged on if you are long. I think europe has to close. Too far. Good trip to switzerland. Well catch you soon. Ill bring back the goodies and chocolate too. A lot cheaper now. Kevin oleary joining us there. Kev, good trafrls. See you soon. Lets pivot for a second to fed meeting. If the fed was at all concerned about inflating asset bubbles in the last many months, what does this do . Its a cause of concern, but i think that with their big concern is is it because of their policy . I think they believe that whats happening now as a result of expected policy coming from the other side of washington, which is the fiscal side, and i think theres less concern about that. So it changes the dynamic then . Theyre going to raise a quarter and give us guidance that things are still going to be going up at a gradual pace. Watch the forecast. Do they have expected stimulus, expected better growth in the forecast, or do they do as theyve been telling me the last several weeks, hey, it hasnt happened yet. Isnt there a limit to what the central bank can do, absent to some extent. I will say that what theyve been asking for are programs that would or financial assistance, increasing productivity in the country. Not necessarily straight out stimulus, and also yellen has warned about the deficit. Lets also realize these are longterm debt issues. All right, Steve Liesman. Shake shack joins the Breakfast Club rolling out morning food options and a handful of its locations. Sandwich correspondent you know who, josh brown. He owns the stock, which is why were going to get him to bite into that next. First, though, brian sullivan. Whats coming up on power . You know, its because kevin oleary says kronys. Is that a weird canadian slang for crona . Cream filled. Coming up at the top of the hour, power lunch. Well move from breakfast to lunch. Are you buying into this recordsetting rally . Ownership still at a record low. What will it take to bring all the naysayer back into the market . If you do buy stocks, its one Old School Group about to make you some big man on campus type money. And the under the radar names you dont hear a lot about. Thus, the under the radar part. That are being are aing up big gains. We have pretty incredible stats for you. Power lunch more delicious than a shake shack breakfast sand wichl coming up when halftime returns after this break. What if a company that didnt make cars made plastics that make them lighter . The lubricants that improved fuel economy. Even technology to make engines more efficient. What company does all this . Exxonmobil, thats who. Were working on all these things to make cars better and use less fuel. Helping you save money and reduce emissions. And you thought we just made the gas. Energy lives here. Will your business be ready when growth presents itself . American express open cards can help you take on a new job, or fill a big order or expand your office and take on whatever comes next. Find out how American Express cards and services can help prepare you for growth at open. Com. Find out how American Express cards and services why pause a spontaneous moment . Cialis for daily use treats ed and the urinary symptoms of bph. Tell your doctor about your medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis. It is blitz time. Shake shack, new breakfast menu. You own the stock, josh. Dow. What i love is that 40 of the flow is short, and the stock is ush approximating up against the upper level from this year. Has not had a great year, but if it breaks out, youll see a lot of people in trouble if this ends up being the catalyst. That will be fine. I think its going to work out longterm. Weiss, delta. Cowan says its their top pick for 17. He also said its been ignored this year, and he is actually right. Its not been ignored this month, but its been ignored. Its about where it was at the beginning of the year. I actually own it now. I think its very trapped based on financial metrics where. Still going to be involved with the company, and mr. Buffetts son stepping off the board in april. Does that foretell something . I dont know yet, judge. Thats going to be happening in april. He is going to move over to the foundation and concentrate on that, keep an eye on it. Do we go can k. O. Or p. E. P. . P. E. P. Because of the salty snacks. Performance, look at that. Almost dead heat. Dead heat. All right. Coke, by the way, is a member of the cnbc iq 100 index, and thats up 20 this year. For more on that go to cnbc iq100. That is cnbc. Com iq 100. The Options Market calls a screaming buy right now. That is next. We are back in two minutes. [engine revving] is it a force of nature . Or a sales event . The season of audi sales event is here. Audi will cover your first months lease payment on select models during the season of audi sales event. Dr. Jay tracking some unusual activity in the small caps. Thats right. The gain itself is amazing. What do you got now . Look at that gain. Thats from the election. Somebody is betting we go at least 9 higher by february. Why is that . Because they came scrambling in to buy the february 150 calls, judge. Take a look at some of the moves here. Just from two days ago, when they were 15 cents, now moved up to about 45 cents, they came in, bought 22,000 of them in a single print. So there is very big bets that the small cap goes all the way to 150, or further. Thats about a 9 gain, ill be in these calls, im in a lower strike because i elected to pick something a little closer to the money. The index around 138. I bought the 140, sold the 144s or Something Like that, judge. I think ill be in it for about a month. I love the upside, confidence that somebody has that the russell 2000 goes significantly higher. Makes sense to you guys, the russell, which is already up 16 , since the election, could continue to go that if you think the overall market continues to go higher and you need to make up for lost ground because youre too hedged or werent in, like this is kind of an interesting way to cheat and try to pull yourself back even. So there could be some element of that. If for no other reason i bought puts on it, yes, could go higher. And these are the stocks that are the foundation of the u. S. Economy. And in addition to that, stand to benefit most from a lower tax regime as well as lower regulatory regime. I think these are if you believe that the stock market is moving higher this is way more economically sensitive. 100 . Come on back this way. Three hours to go until the close. Want to show you what the s p 500 sectors are doing now. There you go. Health care is the leader, financials are the drag. Well give you final trades next. My business was built with passion. But i keep it growing by making every dollar count. Thats why i have the spark cash card from capital one. With it, i earn unlimited 2 cash back on all of my purchasing. And that unlimited 2 cash back from spark means thousands of dollars each year going back into my business. Which adds fuel to my bottom line. Whats in your wallet . What . Pony neighing] hey gary. Oh. Whats with the dogsized horse . Im crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. Isnt that right warren . Well, you could get support from thinkorswims inapp chat. It lets you chat and share your screen directly with a live person right from the app, so you dont need a comfort pony. Oh, so what about my motivational meerkat . Inapp chat on thinkorswim. Only at td ameritrade. Markets have been on this incredible run since the election. There is the dow up 75 points, 19,688. Our markets desk telling me for fi first time in five years, the dow, s p 500 and nasdaq on the verge of closing higher every day for a week. We have a hat for that. The hats are coming. There will be i think i had a dow 10,000 hat on my desk. Indices to put on one brim. Should be a crown. That about final trades . Erin brown, youre up first. I like buying european financials here. We saw a pretty significant selloff today on the back of monte pasce. That stands for room for upside after the ecbs actions this past week. Doc . Campbells soup. Even some rumors that one of the families that owns an awful lot of this might be willing to take a buyout. The stock had blowout or great earnings, i thought, november 22nd. And today noticed upside call buying out there about, i think a month into the future. I like this one. Cpb. And hopefully it is still around, but ill be buying their soup regardless and i did buy the call. I want to take a moment to recognize the oppressed ceos that we spoke about earlier in the show, 14. 5 million a year and the it could be 14 million, i hope, i hope that day is coming soon. I was talking about ceos, i was talking about america in general. I feel the chains have been torn off. We talked about the winners, right. We talked about how far the market has come since election day. What about the losers . If i said, which presents the best opportunity right now, in the market, volatility, down 34 , you buy the vix today. Should you buy gold, which is down 8 , should you buy the emerging markets, which are down three . Staples, utilities, which are down 2 and 3. 5 respectively. I think you stay away from emerging markets. Europe, i disagree with kevin, you had i think at some point it will be viable. You only had three days of inflows in europe at a 48 weeks. Im sorry, three weeks of inflows. Im not ready yet. It is buyable, but just not yet. I think to steves point, the dollar story is very important to emerging markets. 100 right. Where he and i differ is how much that has already discounted into the valuations youre seeing there. You can buy the em names for 12 forward dividend and a greater than 2 yield depending how you do it. There is a lot of value there Going Forward. I dont think there is a lot of value. You look at all of the inflows, year to date, only 20 of that has been unwound since the election. So were in very early days of this unwind. I think thats going to continue. We got to wrap. Have a great weekend. You too. Power lunch is next. Power starts now. Good friday on wall street. Scott, thank you. More stock market records falling. Dow up 2. 5 just this week. And look at how far we have come since election day. The dow has soared in the last 30 days, but, hey, thats the past. Heres the thousand dollar question. If youve been avoiding or been afraid of the stock market, can you still make money buying stocks right now . It is a good question. Im melissa lee. Forget since election day. Check out what happened in the market just since monday. Financials up 4 . Sa
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