tv Fast Money Halftime Report CNBC September 10, 2015 12:00pm-1:01pm EDT
player in the league on the field as the season begins. >> it's pretty amazing how the back story has kicked things off and the nfl seems to whether everything. >> dow is up 75 points, we'll see what the afternoon brings, let's get back to headquarters, the judge and the half. >> welcome to the halftime show. steve weiss is here along with joe terranova and jon and pete najarian. levinson live, the former yahoo interim ceo is here on the company's future. the turmoil at twitter and so much more. unusual activity, our options experts on two stocks heating up their screens. we begin with how to survive the continued volatility in the market. stocks have been all over the place. it remains volatile. one big investor thinks it's going to continue.
famed hedge fund manager david teper telling cnbc he's not as bullish as he was and the pullback in stocks may not be over. >> we're not talking about crashes here. massive misvaluations, we're talking about a market that should correct. and the question is, ha is that level? >> steve, we asked that very question a couple of weeks back. what is the correct level that stocks should be trading at. that's the question that david pepper, to grandma are trying to answer. and it's hard to figure out given everything that's going on around the world. >> let me tell you how to answer it and we spoke about this a couple of weeks ago, we went through it. the bottom line is, he came out, he mentioned a level of 1800, maybe 1830. markets can overshoot. there's no guarantees. here's how you get there right now s&p earnings are showing good growth for next year. however, 40% of the s&p is
outside the u.s. so you have to take a hair cut to those numbers. rates are going to go up. everybody is selling debt so rates can go up regardless of what the fed does, the fed, the 25 basis points doesn't matter much. so the point is you cut the earnings, corporate margins are a at an all-time high and have been there for a knew years now. you've got to take the margins down a little bit. you get lower earnings, and if earnings are not growing as fast as they were, you've got to take the pe down. you get the market at about 1830. >> you know, the halftime show, we assess the highlights of the first half today. the way that the futures reacted when teper was on, they started to move lower, it was as if people were expected him to drop some kind of negative nuclear bomb on the market. and that really didn't happen, even though his tone was obviously not as bullish as it has been. the question is what do you do
to ride out the volatility if like tep per says, it continues. >> i think you would be looking at this correction more of time versus price. the majority of the damage on price has been done. i think the rebound is going to take much longer than people expect to come into the market. i'm surprised by today's tape. i'm surprised as i was surprised tuesday morning that the tape was not weak. if you think about how we went out yesterday, that was an ugly, ugly reversal and an ugly close, we were expecting the futures to come in lower. in the morning you have david tepper. 0 who last time round gave stocks the tepper bounce. this time listening to david be so bearish, i was surprised the market didn't follow through on the down side. and you've also got what were very negative inventory numbers in crude oil. but oil didn't go down, oil rallied. the market is not following through on the down side it
doesn't mean we're rallying any time soon. but in the overall context, that's a good thing. >> throw the vx back up. >> i think it was 21 yesterday. it's no the a gift but it's giving you what the market is right now. what it's telling you is that expect one and a half, maybe even as we get a little bit higher, 2% moves in the s&p 500. daily, not every week, i'm talking about daily. >> you think the vx is going to move lower? >> if you think the volatility -- >> the the vx could go way back up. teper talked about hey it's back to the future. it's buy dips and sell the rips. you get the rips, that's time to take and pull the cord a little bit. it's a trader's market. he talked about long-term, you put money in the market now, five years, you're going to probably be up. but if you're a trader, you're involved and you're in six months, even a year, let's put it in that sort of a timeframe,
you've got to trade the markets that are getting delivered now. i think the sell-offs have created great opportunities to buy stocks, if you look at my disclosures you will see more stocks than you've probably ever seen for me to be holding. less than options. >> it depends on what your time horizon is as you're viewing the markets through that prism. teper's job for him and his clients, preserve capital now. make a lot of money over the long-term. even though he may not be as bullish as he was as pete said. he's still bullish for the longer-term in the stock market. let's listen to what tepper said about that. >> if you invest today in the stock market, i think even if you invest in 1800, earnings grow a little bit. they don't grow 7% a year, but 5.5% a year you will make money. >> so you have to be careful if in the way you view and talk about the market where it is today. and what your goals are as an
investor. >> true. and judge, i think that last night i had a nice conversation with kevin o'leary. we were talking to a large group of investors, in particular we both had the same outlook as far as if the fed does not move next week, after all the volatility that they've basically injected into the market. then think it's a mistake. i think if they move next week which is what i expect them to do now. if they don't move next week, think that's a negative. >> you're pounding the table, saying they wouldn't move until '16. >> i've been saying lower for longer all year long. now they want to put a fed person out there giving us a different reading on yes we might go, no, we might not. >> that's not helping the market at all. >> exactly. that's injecting more volatility. >> now more people saying they won't move next week. >> i think they're sick of us talking about it. >> needs it to be telegraphed. >> i think they're sick of us
talking about it of everybody on tv saying when are they going to move? could it be october, could it be december? it can't be december, they're sick of it. i think they're finally going to do something, but it's not going to affect interest rates, 2.21 for the 10-year. i don't think it's better than 2.25 after they make that move. of a quarter of a basis point. that's all i'm looking for, by the way, somebody is selling a ton of volatility on the cbo just in the last few minutes, they've smashed out 27 calls, 23 calls, 22 calls. they're saying we've topped out as far as september at least for vol right now. >> when dave was talking, futures were flat, he starts talking, it seems a little bearish initially and -- >> i think the market was expecting him to drop some kind of bomb. >> but i also believe and maybe this is somewhat convoluted thinking, but he basically also gave the all-clear to investors, if they're really long term, no
disaster, the norm at correction in the market. that's what you know, that's what investors like to hear. >> that's why we sort of played the highlight clip if you will. and reacted to it and said it's important to stuck what your timeframe is as an investor in the market. maybe now you've had to reassess that now. >> how many people do you know can crush the futures by 11, be the catalyst for the rally up 11? only one guy i know, that's him. >> let's bring in lori the chief equity strategist at credit suisse. great to have you back. i hope you heard what dave tepper had to say on cnbc. >> does the volatility continue? >> i think it will, and our sector recommendations we're telling people to keep a bias towards sectors that do well when volatility is rising. >> what's the appropriate level, the answer to tepper's question,
where should stocks be trading? it's the only question that matters for an investor today. >> we think about it primarily in terms of valuation. and the interesting thing about august was that valuations did improve significantly. but still managed to not look cheap and look expensive at the end of august. if you think about a forward pe multiple. we ended august at about 16.4. your long-term average is about 15.3. we think you need to dip meaningfully before that before you can step into buy on valuation. >> you have an optimistic view of the market. i would think of the fact that you like tech, financials and semiconductors. >> on semis we think it's a bottom-fishing opportunity. it's one of the cheapest areas can you find in the large cap space. earnings revisions were slaughtered, but are rebounding. we're not bullish, but we think it's an area where the weakness has been priced in. >> you've had two-thirds of the stocks maybe more that are in
bear market territory. those valuations are coming down quite a bit. >> they've con doom. but when you look at the 24 different industry groups in the large-cap space and look at where they're trading on valuation versus their 10-year history. most of them are still above their long-term average. so the prices have come in, but the valuations are still a problem. >> let's play a game. large cap or small cap? >> it depends on your time horizon. short-term, it's a tough call. your better with large. on 12-month view, i would be buying the small caps. >> growth or value? >> i think we're ultimately going to see a transition back to value. in the short-term, earnings growth is far superior on growth side of the equation. so short-term, stick with growth for now. >> i'm curious from a financials perspective can you be more defined you said we like the financials. is there a specific part of the financials? is it big money centres? is it regionals? >> i like big-cap banks, one of
the most attractive valuation opportunities in the large cap space, hedge funds have not been invested there. we are overweight banks generally. be cautious on the regionals, they don't look cheap any more in small cap land an we saw that hedge funds are ratcheted up exposure over the summer. we think they're a little bit crowded. >> does the fed move next week? >> our house is saying that december is when it's most likely to happen, but september and october are both on the table. i think of the fed honestly as kind of a lose-lose situation. if it lifts off, you've going to have more volatility and down side in markets, but if the fed doesn't move, it's going to be because we have a problem in the economy. >> do you think the market will be surprised if it moves next week? >> i don't think the markets know. the markets abhor uncertainty. >> they do good to see you. coming up, ross levinson has seen it all when it comes to the media biz. eel join us to talk about the future of that industry.
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seagate announcing it's cutting 2% of its workforce. >> they're so strapped, still to the pc and the fact that revenues continue to drop and earnings continue to drop. they're trying to find a way. i don't think it's time to start dipping into this name. right now trading the way it is, i think you've got a lot of time before to worry about getting back into seagate. >> weiss, gilead with the big bond issuance, not a surprise given what we've seen in that realm over the past couple of days, enormous, we talked about the stock yesterday. it initiated a hold at whatever firm made that call. what's your call? >> pete and i disagree. i didn't own the stock, i bought it this morning, even though it was up a couple bucks whendy. the reason being with $15 billion in cash and about $12 billion of long-term debt. they took on another 10 billion.
they could be doing that, racing to the window before rates go up. we know they're going to make an acquisition, maybe they're prefunding it i chose the latter. i like the company anyway. think we'll see more corporate issuance ahead of it they borrowed 10 billion. but roughly 2 billion -- >> 20-year money at 4.5% roughly. who is not going to do that? >> yesterday was a record in the amount of issuance. >> jon, box raised forecast. lost 28 cents a share. one penny less than expected. >> one penny better than the loss that was expected. i believe they were expecting 29. i might be wrong. and they did raise guidance going forward. but the ceo came on in the conference call, wasn't negative, but what he said about expenses, expect them to come down. he didn't say they are coming down, he said expect them to come down. stock opened at the highs. day and went straight down.
>> this guy has had a hard time communicating with wall street in their young life as a publicly traded company. aaron levy. >> he has, it's a great company. walter ice beings eer isaacson talking about it. >> you want to drop any more names. you've got o'leary, isaacson. >> tepper. >> i smirked when you went to jon, you looked at me and went, box. >> i know you did, i caught that. palo alto networks, joe. >> across the board, phenomenal in the sense of what they did in the quarter and what the guidance is going forward. your strategy surrounding the stock, i was understanding a lot of the rules-based momentum type funds are trapped here. this is a stock that fell to 145, everybody told you it was technically broken. coming back and trading incredibly strong. you're getting analysts raising the price target on this. this is a stock that i believe goes north of $200. >> by the way, stock that he
owns in the portfolio. >> this guy owns palo alto. >> palo alto is up 8%. opposite direction, weiss is lululemon on their guide lower, you said yesterday you were selling into the quarter. >> and you still have some of the stock. >> i still have a tag in. >> they sort of gave me a shout-out. they said men's sales increased, i'm part of that and i know pete's part of it. i don't wear the leggings. here's what happened. i saw the stock was not participating in the massive rally on tuesday, that bothered me. yesterday when the market was up substantially in the morning, the stock was down a couple percent. i said somebody knows something. so insider trading is alive and well on wall street. that's why i sold most of it, a kept a tag in it's down substantially today, about 13%. the only reason it could be, forget about missing slightly on the bottom line, is that inventory grew from 150, to 250, year over year. they say they're on track to pare them down the second half. i will buy more, i'm not buying
it today. >> what about you, pete? buying opportunity here? >> looking for an opportunity. the second i see the option -- >> you know my catalyst, my catalyst is i want to seat options activity jump into this name. especially on the sell-off, would you expect the bottom feeders to come in when we do, i'm in, i love this name down here. >> with a falling stock price, a ceo under pressure. yahoo appears to be in turmoil. we talk to the former interim ceo, ross levinson on the future of that company. two najarians means a double dose of unusual activity. biopharma and a chip name seeing moves. find out what the najarians are doing. opinions. there's no shortage in this world. who do you trust? whose analysis is accurate? how do you make sense of it all?
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so you can always be there. ♪ hi mi'm raph. tom. my name is anne. i'm one of the real live attorneys you can talk to through legalzoom. don't let unanswered legal questions hold you up, because we're here, we're here, and we've got your back. legalzoom. legal help is here. double the najarians means double the unusual activity. what do you see on the telestrator today. >> neocream bioscience this one on fire. they came in immediately today, and what they did was they took off a position they put on in may.
bought a whole bunch of january 35 calls in may and after they did that. they took profits on those today. they bought them for under $8. sold them for $18. $3 million profit. they poured it all into these november 55 calls. so i love coattailing on somebody who has been right. this trader has been right. so we jumped in. i bought stock and calls in neocrine. >> how long are you holding out? >> a month or longer. they bought the just out of the money november 55s with a stock under 54. >> pete what do you see? >> i'm going with qualcomm. if you look at the chart, it looks atrocious, it was hanging around the 50-day moving average for while. started to break down in june. again in july, again in august. when everything else was breaking down, it added to some of the fall. and now you can see it's wavering around here. 53 to 55 a share when it was 54.75 this morning. over 10,000 in the first 30 minutes, september 55.5 calls
are getting purchased. 66 cents at the time. they were buying those, second i saw that, they were huge blocks. over 1,000, over 1,000, over 2800. when we started to see the big blocks that puts me in i want to jump in and i'm in this name as well. this expire as week from friday. so this is going to be a very short hold. >> a couple of weeks for you. >> not even a couple weeks. eight days at the most. >> guys, thanks. >> thanks, judge. crude oil is rallying by the way. nearly 3% despite a higher than expected rise in inventories. jackie de angelis at the nymex with the futures now crew. we are seeing crude back over the $45 mark after we got a pretty bearish inventory report number. so scott nations, a lot of people are wondering why the market is shrugging it off. initially when i reported the number, we lost ground, but now we're back up. >> eia also cut estimates for output for next year, cutting about 400,000 barrels a day.
the market is shrugging some of that off. we're about 50 cents from our all-time high for the day. the reason for that is that they realize even with the 400,000 cut in output, we're still going to be about a million and a half barrels per day in supply greater than demand and it's starting to come back a little bit. >> jeff killberg, we've been watching crude closely, there's been volatile swings during the day. what levels are we watching? how do you face this trade right now? >> jackie, i want to focus on the chart here. look at the end of the august, we saw it tag $38 and it was a moon shot. like anthony rizzo, the slugger for the chicago cubs, straight up to $50. and now it did break a key support. we're focused on here in chicago. $44. we saw 43.36 get put in they tested it and brought it up $2. as long as we're above $44. we should see a retest of $48 and $49. >> we'll be talking more crude oil on the online show and we'll
find out why joe lavorgna thinks we won't see a rate hike at the fed's september meeting. thank you so much. coming up, twitter's big troubles as the stock sinks, the ceo search continues. so can it get back on track? we'll talk to media insider ross levinson, the former yahoo interim ceo. plus tiffany to bank of america to pfizer, calls on the street today. we'll give you the trades. here at td ameritrade, they work hard. wow, that was random. random? no it's all about understanding patterns like the mail guy at 3:12 every day or jerry, getting dumped every third tuesday. this happens every third tuesday. we have pattern recognition technology on any chart, plus over 300 customizable studies
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hi, everybody, i'm sue herera with your cnbc news update. the opening ceremony of the so-called summer davos economic forum taking place in china today. the economic outlook for that country is one of the main topics of conversation. chinese premiere li addressing the participants, the nation's large largest airlines posting an
ontime arrival rate up to 72%. and cancellation rate of .9% was the lowest for any july in 21 years. two deaths reported in an outbreak of salmonella linked to cucumbers. federal health officials say 341 people have taken ill in some 30 states. the cucumbers were grown in mexico, distributed by andrew and williamson fresh produce. donald trump said he was talking about gop campaign rival karl karlie carly fiorina's persona. he said look for that, would anyone vote for that the face of our next president? he said he was speaking in a jocular manner. scott, back to you. >> take a look at the markets, give awe quick check of where we
are. all over the place, holding on to gains of .33%, for both the dow and the s&p. as i said, the intraday picture has been an interesting one, we're only a few hours into the trading day. take a look at s&p sectors, telecommunication is the only one in the red. health care leading the way with tech and financials. our next guest previously ran yahoo and his name has been mentioned as a possible candidate to take the reins at twitter. ross levinson sits on the boards of several media companies, he's with us today, an interview you will see exclusively on cnbc. welcome to the neighborhood. great to have you in house. >> right down the road i grew up. >> let's get the twitter stuff out of the way. you know we're going to go there. did they ask you to be the ceo? >> no. >> did you want the job? >> no. >> why month knot? >> i think they have great people there. no surprise, i'm a big fan of adam bain, we worked together at news corp.
i think he would make a great ceo. they have a founder who is back in jack dorsey. who i don't know personally very well. he's an incredibly bright guy. i think anthony nodo is super talented. you look at that trio and you say they don't need to bring somebody in from the outside. i hope they get it settled soon. it seem like they well. if it's, if it's some combination, i'm not, i don't know about that. i think you need clarity. i think our friend bob peck has said some sort of triumvirate. >> peck said that about you. >> i think they have qualified people there and i think what the company needs is clarity, direction and to get going. >> it sounds to me that you're endorsing bain. >> i'm a biased guy. i have worked with jack so i can't really say if he's great or not. i assume he is. he's a brilliant guy.
started multiple companies, doing multibillion dollars. >> that's part of the issue, can you run square, can you run twitter at the same time? >> i think it's tough. i think it's tough to run one company, let alone two public companies. again biased because i like adam and i know what he's capable of. we used to joke, we work together through a lot of things as news corp. and i gave him job after job and he far exceeded all expectations. i joked with him 15 years ago, ten years ago. he's going to hire me one day. and i think that's going to come true. i don't know if he would hire me, but -- >> people like peck say, whoever the person is going to be, they're still fundamentally challenged. do you agree with that or not? >> if you're comparing it to facebook, yes. on a stand-alone basis, if facebook doesn't exist, and you looked at this company, you
would say dick costolo did a terrific job. and i take a bit umbrage as an operator, somebody who sat in that chair, when you get attacked from the outside and there's been a lot of you know, things thrown at dick and i think you know to some degree they should build him a statue. he took a company that was in a bit of disarray when he came in. got it public. grew every metric. user base slowed toward the end. but that's a company maturing. could it be better? of course, every company could be better. think he did a terrific job, along with adam and everybody else who was there. the product needs to evolve. i'm a heavy user, i love twitter. it needs to evolve. and i think dick got thrown under the bus a little bit. and so that's in the past. you got to move forward, the real clarity. we lived this at yahoo. uncertainty is the thing that
kills your company. >> it seems to me that the uncertainty still exists at yahoo. right? now you have the uncertainty over the tax spin-off, people have viewed that company and that stock, as a alibaba proxy. and now if you lose part of that. what do you have? >> i hate seeing it cast that way. i still have a lot of friends there. i have great love for yahoo. i think it's a terrific place. i think the board was bold when they brought marissa in. and i think now all it is is a tracking stock. which is kind of an insult to the people who work there. so put it in three categories. the first category is alibaba. we spent a lot of time on it when i was there. it's a complicated thing. very complicated thing. it has nothing to do with the operating business. and it's a distraction, it will sort itself out. do they spin it, do they not spin it? is it taxed, not taxed?
there is a windfall. the question is how big. part two, it's operations, it's a tough place to run. i think marissa found that think she was initially was amazing for that company and i think it's been challenged for a about a year and a half. the third piece is, what's happening in the world, what's happening in the market. and everything is moving to mobile. that doesn't mean the yahoo desk top business is going anywhere. it's a huge business. are they positioned well for the mobile revolution. and it's a completely different ball game. than it was three years ago, four years ago. >> can they move quick enough to recapture what if anything has been lost in trying to catch up to others. >> well speed is important. but what they do have, is a billion users. somewhere between 8 and $10 billion in cash. four-plus billion in revenue. i like those chances if there's a very clear definitive strategy and path forward. and i'm waiting to see that.
honestly. >> ross, what about the idea as far as content, that they own. instead of owning their own content. they're now just pulling in content from everywhere. netflix went away from epic, because they wanted to own content. they wanted to be in one spot. so you couldn't just shop them around, if you will. but yahoo has gone the exact opposite way. they're pulling in content from everywhere. they don't own any of it and they're helping other folks succeed, where they have no original content any more. how about that in. >> i think that's a great question. i, no surprise if you follow my time there, i like the idea of having unique experiences. >> before i came on today, i was reading part of their press release, part of the required polyvore. i was stuck at the bottom of the press release, in the "about" section.
if we remember from my time before i was there, there's the question about what is yahoo. remember us all asking that question? i wrote it down. it's to your point. they're basically saying yahoo is a guide focused on informing, connecting and entertaining our users. that feels a bit throw-back to the beginning days of yahoo. when you think about the internet today and content today. and how that juxtaposes with traditional media traditional media is built on scarcity, right? we've got exclusive guys on television, we've got exclusive shows, your point about netflix. the internet, digital media is based on ubiquity. it's everywhere. so yahoo has embraced, let's bring everything in, which doesn't make it special. during my time there, we did all kinds of unique things. that said, in fairness, they just paid the nfl a lot of money for a game, featuring i think it's the bills in jacksonville, but you can't do one-offs, what
netflix is copying hbo, seven years at hbo, so i know the lay bo -- playbook. we got to have things that you can only see here. if you do that well in consistent form it builds a pattern for users. i like the idea of being aggressive with unique things. and giving audiences unique propositions when they come to you. not being tofrg everybody. >> we're going to take a quick break and come back and talk about the future of media. what i hear you say something the jury in your mind is still out. as to whether yahoo can find its way, so to speak. >> i think they have to put a stake in the ground. and say this sho we are. sort of my big point, before i left, was that pick one and do it really well. you can't be everything to everybody, they don't have enough money and they don't have enough time to try to be everything to everybody. >> we'll take a quick break. come back and have more with ross levinson, the future of the
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coming up at the top of the hour on "power lunch," a new frontier for investors in rental homes. forget foreclosures, they're buying new, how big a boost could that mean for home builders? the s&p 500 is down 6%, we're going to be speaking with one five-star fund manager beating the broader markets. the stocks and sectors he likes now and the nfl season kicking off tonight. a lot of money pouring into fantasy sport. are these sites a threat to the major casinos? we'll debate it. and more on "power lunch" coming up at the top of the hour. we'll see you in about 15. we're back with ross levinson, former yahoo interim ceo mentioned by some as a possible candidate to take the twitter
top job as well. let's wrap up the twitter thing, joe has a question. >> we've been talking in the break and i think we both agree, okay, we get the ceo announcement at twitter. then what? tell me, what's the and then what? do they know what they are? what's the strategy they need to be implement to be successful? >> i don't know the inner workings. what i believe is as a power user, is it's the most important information site in the world today. it provides a platform for users, like no, you say facebook is there, too. but the way twitter is set up, it's hard to find something that i posted an hour ago. because of the feed. so i as a user would love to see more of an organization, more of a curation, i would like to do it by profile, i would like to be able to do it by subject or microsubject. we have fantasy tonight, i'm a big fantasy player. i would like to be able to see a
curated experience for the new york giants, i would like it delivered to my inbox tomorrow or today or by the hour, let me choose, right? multiply that times a million subjects. that's a hard thing to do. but curation can be down through algorithms, through editors, it can be done through my friends. and there are apps popping up that are starting to do this off the twitter feed. i would like to see twitter do that. i presume they will do that in some way, shape or form. and i would like to see video become more and more important in the stream. >> would you weigh in on what we've witnessed over the past at least two weeks into the greater conversation about where the media business is going? bob eiger says we have, we're losing some subscribers, espn. and the world loses its mind. all the stocks sell off. people think cord-cut something happening tomorrow in great magnitude. what's the real deal?
are the traditional media businesses growing? no. they've lived off one gravy train after the next. netflix was the latest. now amazon is spending money. you take a step back, look at netflix, hulu and youtube combined, those three businesses are generating as much revenue as the entire domestic movie business and double-click into the audiences and see where the millennials are, 18-34-year-olds, there are more of them on youtube than any cable network. there are more 25 and younger on facebook than all four broadcast networks combined. go back to the scarcity ubiquity thing. i think what the networks have with the big media companies have are unbelievable brands which are hard to build. they mean something still, some of them. they have the ability to produce really great content.
but the economic model needs to change. meaning netflix will still pay. hue lieu will still pay. but for snapchat, facebook, twitter, youtube, there's an entire generation of people creating businesses on those platforms. that don't look like newscorp., time warner, nbcu, think the important thing is to understand that now. now steve burke, i think did he a smart thing in getting closer to two of them in the last couple of weeks. invested a lot of money in box and bus foozz feed. the real thing is you have to be aggressive about it i don't see aggression from traditional media companies to embrace, build, invest. throw out the business model. they have plenty of cash, they know how to do it. >> are you an investor in the stocks we talked about. do you own twitter, facebook? >> i haven't directed the people
who do stock buying for me to buy any of those. i don't think i own yahoo, i don't think i own twitter. i haven't directed anybody to do this. so no, i am an investor personally in lots of start-ups. i'm amazed every day. i'm here for a couple called fuse media. i'm in a company called notch. i'm in a company called scout. and i invest my own money in those businesses, because i think they are going to be part of the story going forward. that a lot of these traditional media companies need to be a part of. or need to own, need to understand, it's amazing day in, day out. i see companies that are just turning media upside-down. i -- i invested in one two days ago. that is gathering video and photo content from users around things that are happening, in the world.
so we're sitting here, there's a fire in my home town of tenafly, new jersey, they're not going to roll a truck out there. somebody is using a phone and it's creating audiences for the networks to actually grab the video, play them a marketplace fee and move on. that changes the way we cover news. >> because you were talking start-ups, is the tide in the process of going out? and are a lot of these unicorns and others going to be caught in an unfriendly position without a suit, so to speak? >> meaning are they overvalued? >> are we going to see blow-ups? >> yes, 100%. >> what magnitude? >> there's a difference today than there was in the last two crashes, right? uber is a real business. spotify is generating millions of remember knew. airbnb, these are real business going forward. it's not like there's going to
be a complete collapse. think there will be a a rationalization of valuations. >> great to see you here, thank you for coming in. >> ross levinson. coming up, jeffreys names pfizer agree with the call on pfizer? falling 8% over the past month but shares are up today. are you ready for some football? the nfl season officially kicks off tonight, tom brady takes the field. we'll go live to foxborough ahead of that big game. we're back after this.
many big calls on the street today. let's kick it off with tiffany and cigna. rbc initiates. >> stock's at 52-week lows so the sector doing much better. signet, a stock we've talked about here for the last several weeks, it's on fire. so i like the call. i think tiffany is relatively cheap but sector perform, they wish. >> a buy for amberella. why is target $96? >> this stock's been beaten up because of their association with gopro and because of valuation. i don't know if this is the right level or not but i am looking to get back to the stock. traded a little bit but definitely has a got profit offer. >> bank of america. upgraded wells fargo, outperform. >> i like the call. i like bank of america, i like citigroup but i like jpmorgan
best. >> pfizer, i like this name. they talk about the m&a, restructuring and i look at the pipeline. that's where they're killing it. immuno therapies is where they're going, vaccines as well. >> it is about time, the nfl season kicks off tonight, patriots versus steelers. we go to foxborough live ahead of the season opener next.
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we're so happy, the nfl season kicks off tonight on nbc, patriots play the steelers. hey, eric. let's look at some of the stocks. >> it's actually raining behind me right now. it is going to be soggy all night but if you want it to rain in your portfolio, this data from kensho, these are stocks that stand out the first week of the nfl season. obviously nike, under armour, und under armour is actually tom
brady's endorser. they do well the first week of the season. if you need a new tv, best buy or target. these companies all do really well. they outperform the market. the market is up 1% during the first week of the season, all these stocks up multiple times. >> i know all the good folks at nbc are excited about it. starts at 7:30 p.m. this evening. stay dry. we'll see you at the game, tom brady on the field after that suspension was reversed against the steelers tonight, 7:30 on nbc. we can do super bowl predictions if you want, pete. >> i'll go with the colts. i think andrew luck finally gets over the hump. they added in andre johnson, t.y. hilton, frank gore. they've always had a lot on the offense, now account defense come through. >> i like one of pete's favorites, the viking, because of bridgewater. i think he could surprise people. he's already surprising people. i think that goes to the next level this year. >> miami dolphins. that's some defense down there.
quarterback going to have a great year. well balanced team. >> so they're going to rebound from the 0-1 start because they play the redskins. all right, we'll see what happens. they could go into the patriot game 6-0. >> i like pete's call -- i'm going with the colts. this notion that the volatility in the market that we've experienced is not going away any time soon. we've seen it again today from a lesser magnitude in terms of the point swings. but how are we supposed to think about this days ahead of the fed? >> i think you've got to just keep in mind we're probably going to see this volatility continue all the way through next week when we hear from yellen and the rest of them. if you look at health care and some of the areas that had been the most resilient, that name today outperforming, overall held up very, very well. >> you think people are going to be paralyzed ahead of the fed from here forward? you don't see that many moves in the market today. things have changed on a dime as we witnessed yesterday. >> you also now have the chatter as it relates to a government
shutdown possibly happening. add that into the -- >> i think they are. because get paralyzed in front of fed meetings when there is no talk of rate hikes. i think you see volume dry up and you've got huge holiday first two days next month. "power lunch" starts right now. >> i'm tyler mathisen, along with mandy drury. welcome to "power lunch." forget foreclosures, folks. this is the new frontier for real estate investors and it is going to give major boosts to some of the home builders. he's made some pretty bold calls and often right. hedge fund titan david tepper gives us his new market call. a nice rally taking shape right now on wall street. the transports getting a pop. the stocks that are driving the gains all a and more this hour on "power." we begin with the american housing market. a new frontier for investors in rental me