If you own and are hunting and looking to buy . And this was buffalo, where is it, buffalo, just a few days ago. All that snow has turned into this. A mess theres flooding throughout the area. The snow is melting. The rains are coming and now another major weather system is heading to the east. It could be enough to really hit right around thanksgiving weekend. First, well check in with sue at the new york stock exchange. Stocks are struggling for gains in todays trading session. The nasdaq has been the big winner this hour. Last trade on the nasdaq is up about 27 points, about half a percent. S p up for a 12th time in four sessions, and its traded up about a tenth of a percent. Dow transports are up a half percent. But the dow is down 12 points on the session. Apple is now approaching 700 billion. So with stocks pushing to new highs, is there still value in the big caps . Domenick chu is back to take a look. Good to see you, dom. Good to be back. Heres what we did, we looked at the s p 500 and found the 20 biggest publicly traded stocks in all of america and said which ones have lower evaluations in the overall market and are trading with at least a little bit of price appreciation over the last month . We found a number of them but four of them standout. These are the top four gainers over the last month in the s p 500 that trade below the 17. 5 multiple that the s p does. Jpmorgan chase with a price to earnings ratio of 11. Below the overall market and up 3. 5 over the last month, so it has momentum going with it. Lower evaluation and a price momentum. Thats one. Another one here, fellow financial, wells fargo trades at 13 times earnings and has gone up 5. 5 over the course of the last month. So investors are putting some money to work in wells fargo at this evaluation. Here we have a technology stock, oracle up 7 over the course of the last month. And another technology stock, intel. 17 times earnings up almost 10 over the last month. So a lot of investors, sue, are looking for values but doing so with little growth component to it. These are four of the stocks with the highest onemonth return in the overall market. Back over to you. Thank you so much. Well stick with the value theme. Christina hooper is joining me on the floor of the new york stock exchange. Shes u. S. Investment strategist at allianz global investors. David bailan is also joining us at citi private bank. Welcome to both how. You, christina, don mentioned the fact that a lot of stocks appear fully valued and maybe in some cases overvalued, do you agree with that one . And if so, where does this market go from here . Well, we think the stock market is definitely fully valued. There are no screaming values in the u. S. , but youre getting what you pay for. This is a fairly efficient market where the u. S. Is one of the big drivers of Economic Growth globally so people are paying for that kind of growth. Having said that, there are some Significant Growth opportunities. Look at the technology sector. Thats an area where many of the companies, 77 , beat their earnings expectations for the third quarter. Hold that thought, we have to go for breaking news to Rick Santelli in chicago. Rick . Hi, sue. 28 billion twoyear note hit the streets moments ago. The auction grade, an a. Yes, we havent give out an a for demand in straight up eastern in a while. The bid to cover, 3. 71. Thats since december when it was 3. 77. The yield at auction,. 542. The offer side is at 54. 5. Really, you can stop right there. Theres the a in terms of indirects. They were better at 35. 8 and 16. 2 on directs were a little less. Dealers took 48 , but it was the yield pricing on the dutch auction and the intensity with regard to the bid to cover that gave the first of 92 billion in splice this week in front of thanksgiving on thursday a solid a. Back to you. Okay, thank you very much, rick. All right, well continue our conversation with Christina Hooper and david bailen, david, what are you hearing from your High Net Worth and Hedge Fund Clients . Well, first of all a lot of the city bank clients are putting it to work and moving to more equities. They are looking for value in a couple spot where is the Consumer Prices will have a profound impact on consumer demand in christmas of 2015. And they are looking overseas at areas like european essentials where evaluations are significantly less than they are in the United States and the discounts are appealing to them. Christina, you also like europe at this point for many of the reasons your city clients like it. So the risk does not deter you, its that compelling. We think the eurozone will skirt the risk. If you look at systemic stress, its gone down dramatically from 2012. We do think theres a lot of upside potential. There are a lot of risks but some potential. Some think the eurozone will follow the same playbook that japan did with a significant increase in equities if they begin a very significant sovereign qe. Asia you like as well n some cases that also has to do with the drop that we have seen in oil all the importing companies, whether japan or thigh lapd, present pretty compelling values that it could add up to a percent on their gdp. We like those countries and within them the driving community finances. Do you think they will have a softer landing than others . Others are very concerned about it. They have the financials possible for it, but for the first time they have admitted to need intervention in the markets. And the interventions could be surprises to the market. So in my mind if they are mild and are interventions, i think we can have the upside in asia and china specifically. Christina, do earnings support the evaluations that were seeing in the market right now if stocks are fully valued . Earnings do support most of the evaluation if not all of it. And we expect margin portions to remain significant going forward. Cost pressures have been kept down. Christina, thank you. Good to see you as always. Big developing story we are monitoring out of washington. Defense secretary chuck hagel stepping down amid criticism of president Obamas National Security team on a series of global issues, including the threat from isis. The Officials Say a successor will be named in short order. Hagel is going to stay in the job at the pentagon until his replacement is confirmed. You remember hagel was actually brought in last week and wont be leaving until his replacement is there. The other threat is not as visible. A new super virus has been discovered and is being called one of the most sophisticated pieces of malware ever seen in cyberspace. In fact, its been used to spy on corporations and governments for more than five years. Amin jabbers is in d. C. Its incredible it took so long to uncover it. Yes, symantec says they found this malware thats been out there for years. Very stealthy computer code designed to sit in the systems and send back information to the original hackers whoever they might be for years and years. Symantec calls this regin and compare it to the famous there is potentially a nation state behind it. A couple clues as to which state on white paper that was released today. Theres english language, words inside computer code to make you think that it was an english language entity. That produced this but no indication really except who it is targeting. The majority of the attacks are in russia and saudi arabia. And specifically focused on Telecommunications Systems to intercept communications and track the whereabouts of people. But a lot we dont know here coming from the symantec. Eamon jabers there in washington. And housing, big investors are looking for opportunities but it appears now they are moving out and cashing out. So what does that mean for the values of housing and other properties in the months and years ahead . Diana is live for us in the nations capital. Hi, di. Reporter tyler, the big guys may be slowing down but investor purchases actually rose last month and the small er. A new report from auction. Com offers a realtime estimate of home sales and says november sales will be flat month to month, but they do point to midsized and individual investors driving a good number of those sales. Now this morning i spoke to an executive at the midsized property services, Key Property Services in atlanta, and we went along with them about a year ago as they busted into a foreclosure to buy and rehab and sell. This morning simon frost said hes seeing a change in the midst, actually, on the courthouse desk. Fewer institutions because their cap razz rental is waning. The big guys have a lot of homes they have bought that they have yet to rehab, so they are not showing the huge profit and the smaller guys are taking advantage of that and coming in and buying in bulk at a discount and keeping that trade going. For more, its online. Realtycheck. Cnbc. Com. Diana, thank you. After getting pounded with 7 feet of snow last week, we are worried about mass floods. We are live in buffalo in a minute. And more bad weather coming in the middle of the thanksgiving week. Your fidelity green lineoot and youll see just how much it has to offer, especially if youre thinking of moving an old 401 k to a fidelity ira. It gives you a wide range of investment options. And the free help you need to make sure your investments fit your goals and what youre really investing for. Tap into the full power of your fidelity green line. Call today and well make it easy to move that old 401 k to a fidelity rollover ira. It feels like april here today and the sudden change in temperatures is causing major flooding in buffalo. Right now it is 65 degrees up there. And as the snow melts, it has to go somewhere. Sarah is live for us in buffalo. Sarah dallof . Reporter well, good afternoon. We have ice levels being checked on. And earlier we had an ice jam break and we saw the river swell in a matter of minutes nearly cresting the banks. It is unpredictable conditions like these that have officials cautioning people to be ready to go at any minute. And pack a bag in case you have to evacuate immediately. We just returned from an apartment complex thats flooding right now. We saw residents in the apartment complex scurrying to get their items off the ground to get up to a higher area. Meanwhile n the surrounding neighborhoods, the snow cleanup continues. Keep in mind, all that snow on the roofs now that its rained has become so heavy and dense there is a lot of concern about more collapsed roofs and more collapsed buildings. So a lot going on here, sue. Folks here in buffalo cant seem to catch a break as far as the weather goes. Back to you. Thank you so much, sarah. Appreciate it. As buffalo digs itself out to prepare for that flooding, more bad weather is expected to head into your turkey day travel. Heres the weather channels tom niziol. Well, here we are on thanksgiving week, one of the busiest travel weeks of the year. Unfortunately, it looks like the east has to deal with winter weather. Well take a look at the setup here with the low pressure system forming off the coast and moves northeast as we can see here toward new england along that coastal area. A lot of cold air locked in across new england. That would be brought in by this low pressure system. And it is going to produce a variety of winter weather. On wednesday, most of the i95 corridor is probably staying as rain. The snow confined to places like central pennsylvania and interior new england. As we get into wednesday night, the cold air deepens across the northeast here all the way from the appalachians, all the way through upstate new york and new england once again. Yes, washington, new york city, boston, just out of the snow. Snow will still be falling in buffalo and over into the appalachians as well this weekend. We take a look at this and put it all together. The current forecast brings washington, philadelphia and new york into a little bit of snow here. Be careful because new york and just west of boston, look at the amount of snowfall here. Well keep you updated throughout the week. This promises to be a highimpact week for travel going into thanksgiving. Ill send it back to you. Thank you very much. Outer wall shares are soaring up 10 or so. The Redbox Service is raising dvd rental prices by 25 . Overnight rentals will go to 1. 50 per night and 2 for bluray disks. And goldman said costco has seen a runup since being added to the list in july. And dennys has been sizzling today upgrading the restaurant chain to buy from neutral citing strength in dennys restaurant and remodeling in the overall improvement in the family dining sector. Sue, oil shock and prices plunging about 30 over the past five months. The crucial opec decision this week is bound to have a major impact on the oil sector. Will the cartel cut production to try and put a floor under prices . And a double whammy for putin. What low prices and sanctions are costing russia. The numbers are staggering. Well tell you after this. Its monday. A brand new start. Your chance to rise and shine. With centurylink as your trusted technology partner, you can do just that. With our visionary cloud infrastructure, Global Broadband network and Custom Communications solutions, your business is more reliable secure agile. And with responsive, dedicated support, we help you shine every day of the week. Centurylink your link to whats next. Its the calm before the storm ahead of opec prices. Some say prices could plunge to 60 a barrel if no significant cuts are agreed upon. So where are prices headed . Jeff grossman is joining me now as the president of brg brokerage incorporated. Nice to see you. Good to be here. What are you expectations ahead of thursday in. To guess what the price would be is a chance for a big cut is small, but some sort of a broadband discussion of cutting back production is something i think youll have as far as a just a basic tie and put a little bottom on this market. Okay, now i know that you think that weather is a major factor for this market, but does it trump opec or not . No, that has nothing the weather will come into play now. Now they have to hold up a stiff upper lip to show that they are united and will not panic here. And i think those numbers youre talking about, those low numbers are not possible. 60 is not possible . I dont think so. Even with lets say some serious, lets say temporary weather. The market could possibly go to maybe 72 in the next four to six weeks. Even the best case scenario, the most optimistic bear would have to agree to that. Those numbers are way far away. And russia reveals how much the price of oil is hurting them. The price of petroleum is far more damaging to russia even than the sanctions imposed by the west because of the situation in ukraine. Our chief International CorrespondentMichelle Carusocabrera is live in new york. Hey, michelle. With oil prices at the current level, russia is losing between 90 billion to 100 billion per year. Thats according to the countrys finance minister who spoke earlier at the Economic Ministry in russia. For every fall of 1 for the price of a barrel of oil, russia loses 3 billion in export earnings. Remember, oil has fallen from 115 per barrel in june to roughly 80 per barrel right now. And he also said the sanctions imposed by the u. S. And European Union are costing russia 40 billion per year but both the price of oil and the sanctions together, the impact is near 135 billion a year, which is equal to 7. 5 of russias gdp. Russias economy is nearly 2 trillion dollars. To give you some context, the gdp has 17 trillion. There are estimates about what russia needs to balance the budget. Somewhere between 90 to 120 per barrel, but keep in mind that entire range is still above where the price of oil is today. That may be why russia could be hinting that its willing to cut production if opec does later at this meeting in vienna. This is from a russian daily newspaper that suggests it may cut its production by 300,000 Barrels Per Day in exchange for a commitment from opec. Remember, russia pumps more than 10 million Barrels Per Day. Now the sale of oil is crucial for russia providing hard currency. Dollars. Sue, it doesnt look like this is affecting putin. The leader of russia gave a defiant interview and talked about breaking away from georgia. Very interesting, michelle. Thank you. The metals markets are closing right now. Well see how gold is faring at this hour. Silver copper and platinum as well. Keep in mind we have an abbreviated trading session on friday. So lets take a look at where gold is down 1. 40 on the trading session. In terms of platinum and palladium, modest moves. Platinum is down 20, almost 2 on the trading session. Ty, up to you. Sue, thank you. Now to Rick Santelli at the cma. What else is new today . The auction really made a difference, and especially when i can show you a twoyear chart and pick out a twoyear move note. You can see it clearly there on the tube. You can see it on the tens. And more importantly, you can see it on the 30s as yields move down. The 30s are really important, though, because they have broken the 22day streak of closes between 303 and 310. They broke it on fridays close. As you can see here on the chart starting on the 23rd of october when it started, the right side is now below the left. What does this mean . Ill tell you what, most traders on the floor think it means going into yearend, were probably going to see better prices, lower yields on the treasury curve. Sue . Back to you. Thank you, rick. Youre uptodate on the bond market. For years we are hearing about the decline for the legal industry, specifically big law firms and big lawyers. Money for the biggest firms drying up, but this year the big law bonus is back, almost back to prerecession levels. David lap and elle cover this for us. Good to see you guys. Nice to have you back. Great to be here. We have seen a lot of consolidation in the like of partners getting axed, nobody is getting a raise. All of a sudden it is all changing, why . It is good news if you survived the storm. I look at the benefits as preparations for those who survive the meltdown. Then finally at the end you get your bonus. I dont know how wall street bonuses tend to compare to legal bonuses, but it is interesting one sector of the highpaying profession is outperforming the other. Well, legal bonuses have been quite a bit smaller than bonuses you see on wall street. But one vang that wall street firms is they have some edge