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tv   Fast Money Halftime Report  CNBC  July 8, 2013 12:00pm-1:01pm EDT

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park business is on fire, espn, >> i think you do want to play a story like a wells fargo that basically mins cash, one of the best performing component. has positive operating leverage >> and the tennis match opportunity. that's the story for wells yesterday. >> julia, thanks. as we continue to watch the dow fargo. >> can you have too much lose its gain. exposure to housing? we were up triple digits and now is too much of a good thing up 66. >> exactly 66. ultimately a bad thing? >> we can make it up on the we'll see if we can hang o the other side. ten year has come in. as the nim goes higher. >> to headquarters and wapner and the halftime. >> thanks. welcome to the halftime show. four hours to go until the >> we like that. close. >> i know you like citi. right to the wall and find out >> everybody is talking about where we stand today. there is the dow losing a little citi. >> jpm. i like jpm. luster now, only 68 points and trading $54. >> doc, i get the feeling on the s&p is positive. here is what we're following on this desk of late it is citi has the half. over taken jpmorganes the most new information on why individual investors are pouring favored financial on this program. >> might be, judge, only because into stocks and what they're of the relative valuation but in buying. qualcomm gets the boot from terms of out right and franchise city's top picks list and the value around the world, it is traders are split on this under jpmorgan for me. >> coming up, buzz kill of the performer's path.
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the dig debate ahead. day, shares of intel getting shock market, a prediction by whacked and we'll tell you whether the analysts got the one firm that rates could hit 3% call right or whether you buy or higher by the end of the year the dip. crude touching a 15 month high. and keep climbing after that. we asked this question. can the rally continue. how high can it go? we're heading to the pit for answers. tdd#: 1-800-345-2550 opportunities are waiting to be found in faraway places. we're playing the markets today. joe, answer the question. >> i think rates are going to rise and i think what it does is eliminating the search for yield. it doesn't mean the equities market isn't going to to move higher. i think it will. it means what you owned is going to be what you owned in the last. more particular lickal assets. think about this for a second. with a ten year treasury of 1.75, uds of i had half that this a did i have tend more atrkt active and now you come in the half again to 1-3/4. there is the evidence to the fact it won't be bond like type assets you want to own. it will be cyclicals, and i
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earnings down the road. >> i think the read, number one, the market is comfortable with rates 2.7% even though you have this huge spike recently and now we're right back and sitting at this point 16.40 left. bernanke did his job, talked welcome back to tell us rates up a little bit. halftime show. the top three trays, first up on now it is going to come back. as we kick off earnings season the wall, a big drag, that is this is going to be very important to see if companies intel downgraded and the firm are able to now work their way cutting its price target by a higher without the help of the couple bucks to 20. fed. i don't believe you'll see the fed making a move this year. the stock is off nearly 4% and one of the real reasons the i think it is early 2014. nasdaq has had a lot of trouble today >> absolutely. that's above my pay grade to looking at this note that came out today and the price action that came on intel today isn't make sha guess. >> i completely disagree. really surprising being down 4% i think the question and you talk about spooking the market. after the note. the markets were spooked at the look, the stock had a huge run end of may. from 20 to 25 and change and the markets were spooked not if this analyst had it wrong there. the fed will taper but should i think with this pullback you they taper? can get back in and own more the markets didn't think they should. >> we know that rates are going here. i think we all know that pc to go higher. >> for get rates. sales are slowing down. rates are a separate conversation. i think you can fully expect that story is out there.
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based on what we have seen in this data dependent economic i think they're doing enough with the cost cutting that after the pull back you can buy the releases over the last couple of weeks we're going to see stock. >> priceline, doc, upgraded over at morgan stanley today. tapering definitely. >> isn't that what's going to what's your call here? cause rates to go higher? $880. >> tapering? >> the next one to break 900 i >> yeah. >> i think it will marginally think, scott, just as google has lift rates. i think more importantly from an done again. i think the other people in the allocation standpoint it will take people away from wanting to travel space will it was oww or search for yield. >> i think that's where they expedia or other types of travel started. >> you absolutely. plays like hearst and avis, they >> that's where we are now. the taper isn't a turn off. were all on fire and priceline was lagging which was surprising to me. >> it is not. now we have seen volumes in the eventually we pep the spigot is stock has will surpassed the full session volume and only 2.5 off completely. we don't want to continue with qe. hours into the day as well as we want the economy to continue on its own. that's anyone that longed the option volumes and they're market or believes in the autopsy upside speculation and recovery of the united states is selling puts, so they're betting looking for. we know he is not going to come out and say that's, it it is that priceline surges up through over. he has already done the first part of the move which is talking the markets down a 900. >> barron health. little bit. he has given his game plan. >> this is the sfwri we will
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>> he is not talking them down. he is talking the economy up. wetter. if you want the hmo space and a that's a big difference. strong balance sheet, this is the play. i think it has had a nice run >> he might be right. >> maybe one in the same. maybe they have talked the and i find better value in and like wellpoint. market down a little bit. if you believe the economy is we're 1.5% away from record high going to improve and better jobs, that's good for the group. on the dow. i think again this company will >> yeah. >> even given this conversation we're having and the move we continue to deliver value. have seen in rates at 270 plus buybacks and dividends as well. even though we're down today. >> we're watching crude oil as >> and just like stephanie, joe well, 15-month highs today, and and muhrph had said, it is the geopolitical concerns, driving the commodity as we he said to a new 52-week high. speed we did the mode that we 15-month high as well. for more to josh lipton at the futures desk. >> that's right. just check out this chart after and as good a jobbes chairman did about telling us about the economy, the fear is this would topping $104 in early trading, crude quickly dropped $2 h do happen too fast. i don't think we're going to see subsequent moves that will be you think the top for oil? nearly of this size, that is >> josh, we did see that 104 moves to the upside in interest rates, but as i said last week, coincide with the deadliest day i think the single biggest thing yet in cairo egypt. moving us forward is the fact that now the aca pushed out to we saw the republican guard open
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up, fire, 50 people dead, over 500 injured so we think despite 25015 rarn 2014. the fact there is a $7 premium that's where you fet a lot of in the price of crude oil now, we think momentum because of the drive and move builds and all situation going unresolved right the rest. there will be more money spent now, never been in the situation where you've had a rather than just government stimulus. >> are we on the urge of another diplomatically elected official leg higher for this rally? depose and relieve his duties and they file like they want it to go higher. or are creeping higher interest rates going to crush this. >> i am not afraid of rates >> you heard jeff. how high can oil go? moving higher if it is warranted, and i think right now three weeks ago the analysts and >> it made a 12.1% rally in two community didn't think the federal reserve was right in the weeks. if it is going to make a growth expectations. a lot of the evidence are you straight line run to 110, it is seeing in the last couple weeks suggests they are. going to do it without me f it i think the market is going pulls back to around the 100 higher. what i am looking for is hear level and now i do think that the guidance from companies to 100 which has been kind of a tell me the following quarter is series of highs over the last going to be as strong as the year, to me that should be support and i think it may stay street expects. >> i think we can take another above that. leg higher. if it got back down there, my concern is what joe point
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that's where i would buy it. out, whether or not earnings are i wouldn't blame this all on going to be able to keep up. the street has been taking geopolitical. numbers down consistently. june 24th represented the day they started a 6% rally. part is risk on as well. >> i disagree. this is a unique situation. we have never seen anything like i believe ceos will take this this. egypt, potentially close the suez canal, we don't foresee conservatively. this s&p going through 1700 is that. right now we have never seen not going to be stopped by something like this. it will harden the resolve and bernanke talking about rates there is more uprising coming. tapering coming into the market. >> how are every day investors handling rising rates and this count on that. >> this is how they're trading whip saw market? t.d. amare trade, the company crude. how about you? do you think oil has hit its kind the active trading platform high for the year, futures now, is out with the latest survey and and vote. and the managing director is right here on set with us again. >> great to see you. scott, back over to you. >> you have heard about whether the market is fearing higher >> josh, thanks so much. energy, second best performer. rates. are individual investors fearing >> it is. >> where is oil going? this creep in interest rates? >> where is spot oil? >> i tell you with the i have no clue. >> looks like it wants to go to performance of the t d 105. it is working. investment index we saw two i think the real story and the consecutive months of declining story the viewers should focus score. if you look at what was going on in june in the markets, what we on is energy equities. the expectations are so low for
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think is that our clients were anticipating a bit of a pull earnings. they have under performed, in back. particular the oil service needs as the market pulled back by 6% from the high in may our clients in 2013 have been horrible but we want to look at halliburton saw that as an opportunity to dial-up their equity exposure so which has been a leader all year and will continue to be a we have finished out the month at 5.15 which is the bullish end leader. of the range. >> all the talk of buy the bas, also an oil service name, pullbacks, the individualen the oil service sector is where vestor, listened, and had their i look. >> i will take the other side. i think oil run up high and will shopping list. go lower and trade back in the >> they reduced exposure into the pullback and once the pull back occurred, then they dialed mid-90s and i think you can play up their equity exposure. that that. to joe's point i think have you >> what about the stocks that a big upside there. they're actually buying would >> companies still print money tell you sort of whether they're at this level. even if oil were to go to 80, fearing these higher interest these companies still print rates? are they le jiggering the money. i like oil service and deep portfolio, moving away from the kreeld plays, the bond proxies water. >> sorry, that's the ultimate and more risk scenarios. cyclical energy. >> coming up with more than $100 >> quite a bit. billion in assets under we saw pretty significant management you will want to hear what the next guest has to say. selling in fixed income etps and he is bringing his play back for
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the second half earnings season a lot of that can't was was put and citi removing qualcomm. into other technologies. >> people moving out of tech. should you? >> out of it he can. our traders are split. >> what do you make of that. they'll find out when we come one of these more cyclical back. weekdays are for rising to the challenge. areas. >> old tech, the microsofts, the hue lets, they had a huge run so sounds like a lot of people are managing their portfolios in a very prudent way and taking some money off the table after a nice run up and reallocating money away from bonds which we believe will come in some more. >> the summertime is when -- not raem when you want to be a honing tech but you can die on the dips in anticipation of back to school and by the fourth quarter you have the it budget plu flush, right? >> and we ebt haven't seen it improve. i think there are definitely places and pockets in tech you can be involved in. i am not sure i am running into
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microsoft or intel anyway because they're not that cheap. >> describe the psyche of the they're the days to take care of business. investor given the tremendous when possibilities become reality. pickup in volatility we have with centurylink as your trusted partner, our visionary cloud infrastructure seen lately. >> our base does a lot of option and global broadband network free you to focus on what matters. trading as well. we have the largest option with custom communications solutions and responsive, trading base in our space. volatility is something that dedicated support, we constantly evolve to meet your needs. they tend to look for. so, yeah, a lot of ongs trading every day of the week. centurylink® your link to what's next. as well. what has been interesting i think is a lot of the money that shifted out of technology, you look at the tech tors it is going into, a lot into the financiallies. we saw a lot of net buying the day building a play set there. >> thank you voch. begins with a surprise twinge of back pain... >> dr., what do you make of and a choice. that, you ever mament into the take up to 4 advil in a day or 2 aleve for all day relief. bank. [ male announcer ] that's handy. we can talk about this more about what about the move away ♪ from tech in these particular
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individual investors and financials? >> makes all the sense in the world given the steepening of that curve we talked about and friday it it made a significant move of nearly 20 basis points between the two year paper and the ten year. i am not surprised. huntington bank shares, a lot of the regionals, sti, keye bank, you name it, they look good. i am not surprised and i am not so surprised to see us break down last week. it is it get sfik i around that level and we pop right back up to it today. >> we'll pick up more on the banks later. a quick market flash with josh lipton. >> scott, we're watching google successfully tested the 50-day moving average. excitement where the new
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motorola phone expected for release this week. google up about 70% so far this year. >> 902 and change snp that's that's we are going. when the s&p rolled over in late june google didn't go down with it. i think it is a different fundamental story than what we see as apple. i think the money flow stays . welcome back. qualcomm is one of the biggest here. >> how about that on apple. losers today. the chip maker was removed 23r >> i think apple is totally a citigroup's top picks life list. trading stock. under 400 it is interesting. sighting market saturation for we hold it a 4:31 a couple week smartphones, not meeting robust expectations. ago. i don't examine a great number. really? debate it. are you hearing about production bull. you're up first >> thank you. taking a look at qualcomm, the cuts across the board right new. >> apple, until we get more word stock has clearly under on when the phone is coming up performed. in this year. it has out performed like crazy you could play the range i can leading up to it. like stef said. chipsets are going down in price 390 to 4:0 with a break to 4:45 and that's where people are
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feasting on this one from the much quickly if we can obtain bear side. it is knocked down. that. >> all the movers covered in the against the out performance of pops and drops and a intel, that's why this looks like such a laggard. multi-million dollar battle between wall street and k street looking at the snap dragon, that as pairry capitol shoes the will boost the sales over in treasury over fanny may and pred china as well as emerging markets and wireless licensing, i mac. >> they're sailing on news of a the patents, this is hedge fund suing the u.s. intellectual property they treasury over the handling of registered and that makes them a billion and a half a quarter. the kaeg. you look at who is buying. they help it will give them a new in , we've completely integrated every step of the process, making it easier to try filters and strategies... >> 3g iphones and so forth and to get a list of equity options... even samsung products and if you evaluate them with our p&l calculator... want -- >> only a minute and a half in the debate. stephanie wants to talk. and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. >> he is reading from a tele it's one more innovative reason prompter. >> i don't have a tele prompter. serious investors are choosing fidelity. now get 200 free trades >> the thing that bothers me the when you open an account. most is the revenue royalty growth rates and those are come being down.
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19% this year going to 9% by [ male announcer ] you wait all year for summer. ♪ 2015. this summer was definitely worth the wait. smartphone royalties are going 98% growth to 6 to 8% by 2015. ♪ they are losing market share in summer's best event from cadillac. semiconductors. they have tough comparisons for let summer try and pass you by. the next two quarters and 15 times earnings when you see lease this all-new cadillac xts revenuing decelerate, that to me is a rich price to pay. for around $399 per month or purchase for 0% apr for 60 months. come in now for the best offers >> incompetent on this dip which of the model year. is mainly based on that intel guidance and the city today, i think you take your advantage of that and buy it on the dip. >> i think the dip is also because apple is cutting production. htc is cutting production. samsung was crummy last week and lowered guidance, so i think it is more that that you are seeing this evidence of smartphone market really smarting to become saturated. >> who made the more compelling argument on qualcomm. >> they both did a great job. i am going to side with doc. the reason from a trading
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standpoint. i think you can buy qualcomm and give it about a 3% pullback, 1.50, $2 on downside. if it will roll over from here near 58, i don't want to be around there. it is probably going to test the 52-week low. from a trading standpoint, i go with dr. jay. >> joe? >> he just took a picture on television. >> i am taking a picture to show i don't have a teleprompter. >> you're in chicago. >> do we want another debate about the murphy said won the debate? >> the stock has done nothing. why should this stock, why should this name get the benefit of the doubt? >> well, john, i am about to give you. what he pointed out that's important is you have to look at this not just over the last three months or six months. >> look over the last couple years. i think that tells you the true fundamental story and really how
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well engrained they are. >> that is going to decelerate as you go from developed . perry capital suing the countries and that exposure to treasury department over how it is dealing with fannie and developing which carries 100 to freddie. $150 lower asp. big investors betting big on the government controlled entities how are they going to get the that have become extremely revenues to grow higher with profitable. this? >> nothing that qualcomm sells interesting story. a lot of smart money in the names and a lot of speculative money as well. do they get $150 on like what >> the market reaction granted you are talking about, the are pretty thinly traded but chipsets are 20 to $40, and remarkable, the $9 billion hedge that's the high end. >> the snap dragon are the ones fund sued the u.s. treasury and that -- >> there is a lot of the authority over plans to effectively wipe out competition. look at broadcom. there is a ton of competition non-government investors. and they're losing share. the suit filed late last night >> we'll bring the gavel down. argues a twaufl measure >> he came prepared. implementes as the agencies were he did. returning to profitability last >> thank you, gentlemen. year effectively broke the law >> and stephanie. >> i want to know who you think by eliminating an expected won the debate. use the hashtag bull or bear and annual dividend and that we'll give results at the end of the show. not everyone agrees with goldman sachs rates have nowhere to go resulted in the largest but up. corporate dividend in history.
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thanks to the 2012 measure which is known as the sweep amendment, perry isn't sharing the spoils welcome to the show. nor the hedge found company, the good to have you on the halftime show. >> thanks, scott, nice to be mutual fund fair home capital or here. retail investors that jumped >> goldman was out with this into fannie and freddie call today that rates were going to hit or enter 2014 at 3%. preferred of late and slated for and go higher after that. liquidate soogs five years from you don't agree? >> well, on average we think the now. ten year will average about 2.5% these investors are hoping a new for the second half of the year. legislative plan may bring the sure, couldn't touch 3%, it agencies back from the brink and certainly could, but we think restore to private investors a piece of the profits. based upon those economic fundamentals that we see and perry that retained ted olson is they are improving, likely that arguing the sweep amendment we have over done things a bit here and settles back in and as amounted to self dealing and says that it destroys billions we say averages and 2.5% for the of dollars in preferred balance of 2013. there is no doubt the data is shareholder value. very high-stakes. getting personal. they named jack lou and ed improving 70% of economic data demarco in the suit. in june beat the estimates. >> you knew this was going to higher rates, better data we come to a head. the legislation you are talking gets higher rates without a about is the warner corker bill. doubt. >> how do you think stocks react to that? seems like the stock market is
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>> recently introduce skbd would having a difficult time give them path to liquidation in adjusting to a new era of rates five years and very where rates will be elevated now. controversial although it was bipartisan in congress, but the >> it is probably no surprise after some 30-year love affair investors that got in are troubled by it. with fixed income and rates they say the rules changed where they are that stocks are mid-course. perry got in in 2010. obviously hoping for upside and having a hard time adjusting but the interests are aligned with those of the treasury. earnings going forward will be more important for what drives they hold preferred, too. theres no question they'll get stocks. i think it is difficult to get a paid back. the request he is almost like reads on the second quarter as with dell. we saw a lot of factors you keep the stub so you have potential upside in the future. affecting economic growth. i think we'll look for guidance >> they always carry an outside to see what the balance of 2013 risk. they're incredibly speculative plays, the common or the and 2014. preferred. >> you don't see them moving too incredibly. >> absolutely. >> never a guaranteed to work out the favor of those who are high but you're shaking up the betting big in there. >> certainly if you got in after way you would invest. the sweet amendment, implemented under weight utilities and staples and going with more in 2012, highly risky, and you cyclical names. >> in the second half of the wouldn't want to put much money year we think it is probably at stake because you're betting better it play more offense than against the bet, but if you got defense so that 12% growth we in in 2010, you were counting on saw in the s&p probably did not
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this dividend to be paid out and repeat itself in the same way in the second half of the year so where we started this year with staples, utilities, telecom out according to them the rules performing, we think it is time changed midcourse. >> if you look at fannie mae, to restructure or reposition the common stock, where portfolios more in the cyclical individual investors for the most part that trading that, names and that would be consumer that's not from a dollar to five discretionary, industrials is and change and then gave a just that, materials and matter of days literally and all financials and more office as opposed to defense. back, i would just say to anyone >> jim, i just want to go back. out there, trading the common stock in fannie mae and freddie i think the most important question is where is the ten mac is just a complete gamble year yield going and it is and you should stay away rather difficult to project completely. if you want a long-term based on what the economic investment in one of these, numbers are going to be the actual price of the yield. invest in the preferred. >> your thought on this, nicole won't you agree it is more important to look at what the real near term momentum is and was telling us individual the rate of change of yield itself and when buyers turn to investors that t.d. amare trade sellers, and i think right now was trading. you agree with me the ten year >> actively trading fk. >> no. treasury looks as though the no doubt there is cult following momentum is being held hostage for these names and the outcome as that is where the direction is going to go and looks like it is far from certain.
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there is some precedent, right. is employing 3-1/4. you can mac tore in all you want it is not exactly the same. but momentum matters most. i think there is precedent for >> no doubt. investing in these one-time certainly the pace and the move we have seen over the last couple weeks are part of that. government held entities. we don't think that continues here. although it may have moment toum >> dr. jay, i will give you the go higher, we still think it last word. >> it was extremely heavy on the comes back in. sure we start to see some speculative side, judge, awful lot of folks getting in here and outflows from fixed income and buying upside calls and just talk about the big rotation from fixed income and into equities ahead of when berke wits said he as investors start to have was getting in there, 24 hours losses in the portfolios, that or so before they made the will be part of what drives announcement he actually told on rates overall going forward and our air that he was interested there is a number of things to play out here as we get into the in getting involved and thought second half of the year and look there was real value and a lot of the customers jumped on it at the budget deficit that's and hopefully many took profits. seeing all of those come back you didn't have long before it turned around. >> exactly right. into play. >> good having you on the shou. thanks as always. >> flesh. >> thank you. >> quick reminder, richard perry >> another important programming of perry capital is one of the note, tomorrow a full hour with keynote speakers at delivering billionaire invest why are mario
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alpha on july 17th. for more information check out wells fargo, jpmorgan, they gabelli. it is tomorrow at noon. we're looking forward to having report earnings this week. him. coming up next, a story we've goldman out with an interesting note today. been all over since the gaining. they say the results likely to free markets versus fair markets and he will join us next with be uninspiring, strong loan growth, higher capital market the latest chapter in the saga. ♪ norfolk southern what's your function? ♪ activity, equity trading strong and avoid high mortgage exposure. >> counter intuitive to i know the way a lot of are you thinking, they did not like wells fargo. >> yeah. i read the note. >> those are fighting words. >> absolutely. i read the note and i disagree. i think longer term wells fargo is going to be okay. i think the one thing you want to focus on which was positive in that note is capital markets hooking up the country helping business run ♪ recovery. ♪ build! we're investing big to keep our country in the lead. goldman sachs itself, a morgan stanley, a lot of the private ♪ load! we keep moving to deliver what you need. equity names. i would focus there, even the and that means growth, lots of cargo
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exchanges that traded very well going all around the globe. up until the meltdown we had at cars and parts, fuel and steel, the end of may. peas and rice, hey that's nice! i see the opportunity there and ♪ norfolk southern what's your function? ♪ i see it on the back of the ♪ helping this big country move ahead as one ♪ overall markets trading more favorably. >> i think that goldman and ♪ norfolk southern how's that function? ♪ morgan stanley have going to be mixed. if you looked although jeffries last week, 37% dropped sequentially. you may have some parts good but ♪ unh ♪ you'll have some that is really ♪ hey! soft. >> and goldman says that. ♪ ♪ let's go! ♪ [ male announcer ] you can choose to blend in. ♪ ♪ yeah! yeah! yeah! or you can choose to blend out. ♪ oh, yeah-eah! ♪ the all-new 2014 lexus is. it's your move. the all-new 2014 lexus is. always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal
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good afternoon, everybody. in a few minutes it is time for power lunch. all power, no lunch. we don't serve it. stock in the green. lots of risks on the horizon as investors gear up for earnings season and we'll talk about that and higher mortgage rates are scaring off buyers who are now seeing contracts to buy homes being canceled. we'll tell you about that and discuss the fallout and the very latest on the plane crash in san francisco and an incredible story, footage of how to get out of an airplane after a crash like the one on saturday. scott, back to you. >> see you in 12 minutes. thomson reuters announcing it will suspend the early release of market moving data after regularities are looking into the arrangement. joining us from d.c. with the latest, amo no.
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>> they will suspend that. thomson reuters saying it still defends the conduct and going to suspend while this investigation is going on. they're saying they strongly believe news and information companies can legally distribute non-governmental data and exclusive news through services provided to fee-paying subscribers and schneiderman says the securities markets should be a level playing field and the early release of market moving survey data under mines fair play in the markets. a real debate over whether this policy by which thomson reuters released this market moving university of michigan consumer sentiment data tw on seconds early for high speed traders to take advantage of an expected market pop is journalism or market participation market participation on one level or another. fascinating series and thompson reuters saying it will suspend while the investigation is
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ongoing. from my information this, investigation is fairly broad and keep and extends beyond just thompson reuters and is examining the entire question of market-moving information being released in tiers. lots going on behind the scenes. >> likely because of the questions you asked from the very beginning. thanks so much. dr. j, were you quite vocal. >> kudos to eamon for the great work and eric schneiderman, the a.g. from new york, because i think he's exactly right, judge. it's not a fair playing field if you have a tiered release so the fact that they have moved to the shrines temporarily, suspended it, i'll give the tip of the hat to reuters for that. they should move away from this pleatly or they bring shim on themselv themselves. >> biggest movers in midday
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trading. dell is getting a pop. >> almost up 3% on the day. to me this is old news. iss came out and said shareholders should accept michael dell's offer to take the company private. i wouldn't be in this name or go out and buy it for the 30 or 40 cents upside. stay away from this name here. the news is out. delphi automotive popping. >> barclays raised their target. deutsche bank today. i think people are coming around with the restuck touring story and bopositive level. i think the author parts groups could be the best sector to own. >> mike rcron. >> downgrading the chips, micron suffering, not in the stock. >> yum brands, joe. >> like the assignment. why is yum going higher, 72 bucks but yet the concerns about
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china's same-store sales. if you believe they will be back to the positive in the fourth quarter, buy yum. i don't think they will be so i'll avoid it. coming up, you trade it and we tweet it. halftime heading to the twitterverse. the stocks you asked about most so you know where to put your money. "halftime" is back in two. and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get 200 free trades when you open an account. [ male announcer ] you wait all year for summer. ♪ this summer was definitely worth the wait. ♪ summer's best event from cadillac.
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>> not so fast, mike murphy. our traders are quick but not always right. last month mike made a bet on a home building stock.
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let's listen. >> toll brothers and lennar, still trading up approximately 10% off the highs. there's upside. looking for something to buy right now. you can buy those names. >> stock down 13% since then. arguably the area most sensitive to rising interest rates. bad call or what? >> yes? >> absolutely. so far it's been a bad call but this is a sector. we spoke about the builders in general and said i wouldn't jump back in here and the price action and a pretty strong tape and the whole sector is coming under pressure. right now we're in the names and holding the names and there will be an opportunity to buy more. i think you see the ten-year rate up at 2.7. that doesn't affect negatively the home builders and what they are doing, in my opinion. there's value but right now they are saying they are under pressure. want to see some sort of stabilization before we add to them. >> joe. you don't have any thoughts? >> stumped.
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stumped on the home builders. >> not hard for me to be stumped. >> i play the financialed. missed it all along. >> i think toll brothers is interesting when it gets to 30 and below. trading cheapest in the grape and that's the best. >> final trades up next. hey kevin...still eating chalk for heartburn? yeah... try new alka seltzer fruit chews. they work fast on heartburn and taste awesome. these are good. told ya! i'm feeling better already. [ male announcer ] new alka seltzer fruits chews.
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enjoy the relief! [ male announcer ] new alka seltzer fruits chews. when you do what i do, iyou think about risk.. i don't like the ups and downs of the market, but i can't just sit on my cash. i want to be prepared for the long haul. ishares minimum volatility etfs. investments designed for a smoother ride. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. mine was earned in djibouti, africa. 2004. vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] usaa auto insurance is often handed down
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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. well, well, well. the people voted and they said that stephanie link won the debate. the one who has been looking at the chart the whole time. three against one. the people have spoken. final trades, joe? >> american express. >> stephanie? >> darden. >> mike murphy? >> buy genworth, i think this breakout continues. >> dr. j? >> one oak. >> thanks. "power lunch" starts right now. "halftime" is over, "power lunch" and the second half of the trading day start right now.
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>> i don't think i've ever see stephanie lose one of those debates, by the way. let's move on to the bulls. they are back and back in some for the on this monday after the long weekend. the dow off the highs of the day, never thelet, up half 5% or 16 above 15,000, talking about risks on the horizon and asking how high can we go from here? what does this rally really look like? new video from inside asiana flight 214 in san francisco sh
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