i think you can buy them on any pull backs >> 52 week highs conoco phillips, marathon, valero, 66, apache jim, you have kinder more began. you don't own marathon >> sold it a few weeks ago, wish i held onto it it had done so well, i decided a bird in the hand is worth two in the bush i have kinder morgan, a nice dividend play to the natural gas discussion we were having, three quarters of their business is natural gas. i really like that one my sleeper for the next couple years is transocean. i will admit i bought it more as a trade, i think of supply demand imbalance, we'll be drilling everywhere. the rigs they have cold stacked are going to come out of cold stack. new builds honored get immediately put in production andat higher and rising day rate i like transocean. >> reminder, do not miss a new cnbc with david faber. june 22nd, 8:00 p.m. eastern time on cnbc. >>> a list of cheapest stocks in the market see if the committee thinks you should buy any of them you might be surprised by some of the names when we come back ♪ ♪ we all need a rock we can rely on. to be strong. to overcom

environment, if you look at what's leading and running, i feel that we have some energy exposure, in valero, eog think that's the right place to play the energy space. we have more beta to the sector in those two names we are trying to get full movement of energy names i think the thing to think about is is it right now the time to add from a cyclical perspective, and again, i see other opportunities in other sectors, given what energy has already done. >> josh, wasn't long ago you added ieo, you don't add things often, but this is certainly one place you looked >> yeah. i actually don't think stock picking in this space matters at all. i think this is a one way trade and that is predicated on oil and gas prices remaining elevated and u.s. companies continuing to invest less than they ordinarily would have during commodity price spikes. if this was 2005, 2006, they would be fracking and drilling their heads off. they're not doing that because i think the signal from wall street is keep up the great work, guys, with the profit growth these are companies that many of which had been private co

. >> valero, joe 52-week high speaks to the energy trade right here gasoline in particular driving season i'm pretty sure this is a favorite name of our good friend, mark fisher. i think there's a lot more upside to come i heard him talking about it on the 5:00 show as well. i'd stay in the name you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire age before beauty? why not both? visibly diminish wrinkled skin in... crepe corrector lotion... only from gold bond. (vo) verizon is going ultra! with 5g ultra wideband in many more cities, you get up to 10x the speed at no extra cost. plus six premium entertainment subscriptions, included! like disney+, music, gaming, and more! (mom) delightful. (vo) saving you over $350 dollars a year. and for a limited time get a 5g phone on us! no trade-in required. (mom) amazing. (vo) this is the offer you just can't miss! verizon is going ultra, so you can get more. >>>

next, valero this is another one of the names within the energy space, talk about it a lot of the time trading 1.07 they rolled some calls, sold calls working well, 110 calls, and they're buying the june 125 calls. they bought 8200 of those calls. those are going for about 1.50 i am in all these positions, expecting to see with nokia tomorrow, finding out pretty quick. >> people were thinking nokia may have the first big quarter in ages. getting this from industry people pete, let me ask you, isn't $5 a great call option in itself? >> yeah. that is. that's a call that never expires, jim, unless they completely tank. these are inexpensive options, 27 cents they have a shot if this can perform, get a nice earnings number. >> i like the risk part of that, pete >> let me ask you about energy if other things in the market are falling because of concerns of slowdown, if the only thing keeping oil from falling is geopolitical, if there's resolution on the geopolitical front, is oil and energy related stocks, are they at risk >> there are two types of oil stocks, ones returning capital at inve

. >> valero energy >> i like nike here. >> moderna >> bac, bank of america. >> good stuff. thanks, everybody. "the exchange" is now. >>> thank you very much, scott hi, everybody. i'm kelly evans. here is what is ahead this hour. >>> stocks are resuming their slide as we kick off the new week with tech back to leading the decline. the nasdaq down 2% semiconductors down nearly 3%. we dissect the downturn to look at what is causing it this time and whether we're in for a fourth quarter to forget >>> meantime, the chase is on for energy, those stocks bucking the down trend again as oil hits a seven-year high, remaining the best sector for the year, only one in the green last month an

you have hotels like hilton, valero, charles schwab, schwab,i what do you make of the list freeport >> yeah. i think the theme among them that they look like a really dispratt list of companies the theme just as life gets back to normal, their businesses will return to normal and they are underpriced i think as we broaden, the valuation gap narrows. so as that valuation gap narrows, the companies should -- these are the ones that have the most impact and they should start to improve they should just start to resum normal life. one interesting thing is when march and april came, right, all of these facts, all of the financial that's we always depended on to be so true were thrown out the wund yoe. and stories stock surged st but facts and financials will start to matter again and we have seen that happen. i think we'll see that happen more and more as q-3 earnings come the list of stocks own that wall, they're going to be the direct beneficiaries of fact, financials, and dependability just returning to the normal process of investment and analyzing their companies. >> wise, you're buyi

. >> what are you waiting for eog down 29, valero is down and chevron is down 19 you love these and they konand y continue to kill you giuys. >> absolutely. we think the refiners are well positioned we are anticipating that through next year. >> i don't know if i heard you laughing or not pete but energy has been punching you around >> turn me around too. >> you have chevron. we know what's going on with energy you also have u.p.s. up 50 what's the name that stands out to you are they best or worst if you're making any moves forward i love both draft kings and cr yorks port because bauz ecause of that, i n the name has plenty of upside. i met the ceo at one event >> these guys are outstanding. when you look at what they are in terms of the annual potential of the online betsing world, we're talking about 50 plus billion dollars. it's almost a new 50-week. good stuff we he avpete's latest trades in unusual activitactivity we'll do that next >>> virgin galatic is up >> this one is pretty gr interesting. it's performed nicely. some are expecting a great performance this month they are going

valero is in that camp >> weiss, you couldn't stay away from moderna, could you? >> no. it really got crushed yesterday. i said, let me go back in. the wild card here is when the next set of data comes out there's no timetable while dr. fauci talked about july remember july is not that far away, but you will be getting results of the remaining 37 patients or trial subjects that were in there. i think it's going to be positive based upon the initial data i don't want to be out of it completely i think it pays to have a bookmark position in there and just cause you never know when it's going to work. we don't know how it will turn out and having litigated against chinese companies based in the cayman's, it's not fun thing to do i'd still sale >> shannon, you want to take the other side of baba >> absolutely. we just bought the stock i want to give steve credit. he has a lot of experience many this space i don't discount his caution to any extent we feel like with the e-commerce platform and with crowd up 58% year over year, these are great results for baba i think there wi

we like names that are somewhat more insulated our highest conviction name in the energy space is valero we also like chevron we think there are opportunities to own some energy names in smaller percent ans. i think there is going to overall be a cap on the price of oil. i would limit your exposure to natural gas through the end of the year european prices continue to fall and we are not nearly as optimistic about that portion of the energy market. >> these stocks joe have stunk i am looking a of the the returns over a year. there is no other way to say it right. >> uh-huh. >> everything is ugly. >> et cetera impacting high kbreeld refirst and foremost i am with jenny. i have one oak marathon, capital efficiency when you are speaking that language in the energy space shareholders will pay attention. they did so in the case of chevron. that's one of the reasons why chevron has the ownership that it does. but a company that is ahead of where marathon wants to be is apache, apa. take a look at that. but you need to gemmy's point a recovery in oil provides and natural gas prices. >> okay. le

valero which has had a strong year and pulled back from its november high and phillips 66 psx, which has done a similar type of price pattern and a bit of a correction since november i think that is where a potential opportunity is looking forward. >> and so phillips is the one name that we own in energy and it has been a way for us to play the sector without being in the enp business they don't have drilling, they don't look for drilling. they are not in the shale business they are one of the few refiners left sells for undermarket multiple it is up 34% year to date. we think that it has more room to run the question is whether we add another energy name and i think that the question for many -- >> are you getting out of it >> it is something that you have to consider. the truth is, in has beaen thern divestment by so many institutions and that creative this sort of x factor there may be less demand than we think even if we think that the stocks start to move higher. but if you have a group that has gone down consistently for a decade, there is definitely -- >> to your room, we talk

valero cracks it crack spreads are great right now. they'll get better you want to know why all nice turmoil in the middle east, venezuela, libya, russia, it favors big refiners like valero great place to be right now. >> thank you for your questions. coming up, the euro is hitting a new two-month low ahead of the ecb meeting tomorrow we'll give you your trades, straight ahead ng the future. so, every day, we put our latest technology and unrivaled network to work. the united states postal service makes more e-commerce deliveries to homes than anyone else in the country. e-commerce deliveries to homes - stand up if you are first stand up if you're a mother. if you are actively deployed, a veteran, or you're in a military family, please stand. i will tell you this, southern new hampshire university can change the whole trajectory of your life. i'm seema mody and this is futures now. the euro currency hitting a two-month low ahead of tomorrow's anticipated ecb meeting. our traders, bob, let's start with you plenty of speculation about a

you'll get valero report on thursday, and that starts the earnings sequence for all of these companies. i see great value here >> joseph? >> tough deliberation. i have two names the first name i'll congratulate my friend jimmy here on qualcomm it has not pulled back >> no. >> qualcomm is 85. the final trade i give it, the stock is going down. >> the settlement was darned good to jim. >> it sure was, but listen, that stock has not pulled back since we got the announcement the other day. it continues to march higher and higher. >> it was upgraded today >> morgan stanley. >> and i'm just kidding. you were positive that stock and a holder of it long before that settlement was announced but it was like the day after you had it as your final trade >> since we're talking about it, give an opinion i think it's a $96 stock, based on the re-rating of the earnings up to $6 to $7 a share, give it a reasonable 15 to 16 times multiple does it pull back at some point? i was talking to you about this yesterday, it has to pull back a little bit when you get more upgrades like you got from morgan stanle

/investinyou >>> all right, 30 seconds left on this friday final trades shannon, you're up first >> valero energy, we like this here >> liz, nice to see you, again what do you have for us. >> sector industrial group similar. oil and gas. we're seeing a lot of profit potential going forward. >> zogenix got beaten down early in the week. >> good weekend, everybody you, as well thanks for watching. "the exchange" with kelly starts now. >>> thank you, scott hi, everybody. here is what is ahead. stronger jobs growth this morning, but weaker wage numbers. and the president hammering the fed to cut rates, again. we'll look at whether the ten-year yield is going back below 2.5% >>> self-inflicted wounds. the president is not changing the housing market enough and that fannie and freddie still need to go how likely that outcome is >>> plus, a big milestone in music terms for apple. is this a sign the services push is working if so,he

valero bob from the bay area wants to know buy, sell, hold on vlo. >> i do think that oil is going to bottom around 50ish this one oil peeked at 77 bucks, that's wti west texas intermediate october 3rd it has come straight down since then the stock has gone down so, bob, i would be a buyer right around these levels for both crude oil and for valero. >> good one for youer, joe eem. mike miller as we go into '19 what percentage of my portfolio should be allocated to emerging markets? and this comes a day after we talked about morgan stanley with that double upgrade of the em. >> it's a great question by mike i would say in a minimum you want it to be 10%. listen, we're coming off a lost decade for the emerging markets, i understand that. if you go back over the 30-year total return the s&p is about 10.5%, emerging markets 60 basis points lower than that you increase from 10% if you believe you have a rebalancing opportunity which i think we have right now of very low correlation .53 between the emerging markets and the s&p, both very volatile that's a great recipe for the ability to reb

mandates that will strengthen or going tighten the market further and we think whether it's endeavor, valero, marathon petroleum or phillips 66, all those stocks will do well, and we think that they will uth perform the market as well. can oil stay around $60 a barrel, wti, not brent, doug, if we get a million barrels a day added in same the permian basis or eagleford shale in the next 12 to 24 months? >> we think that wti and brent are going to be well above that level. i mean, we think that the forward curve is 15% too low and let me make a couple of points about that first on the demand side, we have a goldilocks scenario in place, global gdp is in positive territory and the u.s. which is 25% of gdp will have lower taxes next year and our economics team believes that will lead to better economic growth which bodes well for oil demap the demand side is not talked about as much because the focus of the debates is on the supply side as you pointed out it's on u.s. shale hand whether or not cooperation between opec and non-opec can continue. so we fully believe that u.s. shale output us going

we haven't talked about the valeros and the 66 and some of the other names you just saw on your screen. what do you do with those stocks? >> i own them. i think this is, again, the time now when oil goes down, it's easier for them to make more money, volume comes in, you want to own these stocks. they have really good balance sheet s now and good dividends that have been increasing. if you're going to buy them, buy them at this time. >> i think sirott's vision is longer than mine has been. i think in the energy trade, you cannot mary a position. it's something that we wanted and desired and it's here. and now we have to learn how in terms of asset pricing to deal with it, because it's not going away and it's going to create environments where you're going to see like we saw yesterday the tremendous build until inventories. >> it's a classic commodity trade, right? commodities by design are supply and demand. the other issue, scott, that you mentioned, with rates rising, guess what, our dollar will get stronger. commodities all sold in dollars. all of a sudden, maybe the market is disco

because the reason i ask is i'm also long valero. >> well, so that other exposure would actually make phillips less li less levered. a big move in refining phillips might underperform the others just from that piece alone. the mid-stream side we think has good prospects, too. production growth declining this year. that's a problem for sort of pipeline transportation companies. and the fractionation companies as well. phillips has all that in the business. chemicals i think a little more muted on. that is a little -- more oil exposed, because obviously european chemical companies consume oil to make their plastics and the u.s. consume natural gas. a lot of it is the cost advantage between gas and oil. the cycle there might be a little slower to materialize, but the other segments i think are progressing through the cycle, too. so it's all coming together for phillips. >> sam, appreciate it. sam march -- margolin. talk about the energy on tap. continental, marathon, apache, who likes what? who owns what? >> i think that -- i don't own them. by the way, joe terranova all over phillips. i

valero only thing hanging in. my favorite, my go-to valero and not as damaging when you look at exxon and chevron and connick oh and names beat up today. we talked about last week. technical and xle. i own the xle calls in january and josh does as well, maybe in the actual xle itself. it broke down, either case, one it broke down harks s to find support and could move to the down side in a rapid pace. ovx, moving up. still in the range. breaks through 48, you have to pay attention. >> josh, xle? >> look at rsi. 37, 38 right now. say oversold to 30. more work to the downside to be done. possibly move in crude below 40. not the end of the world. you may not get as oversold in february. scott, these stocks on a year-to-date basis down as much as 15% rallied up as much as 15%. the truth, like always, somewhere probably in the middle. look for rsi down in the low 30s for a broad bounce in the sector and then pick your favorites. i would err to the side of better balance sheets, larger companies, more financial flexibil

you could look at -- >> i like va valero. >> let's me jump over to don. >> the latest in the ongoing saga the twist here is the ongoing dispute has taken this turn a massachusetts judge has denied a motion to dismiss a lawsuit filed over the removal of viacom ceo and board member. that's the red stone entity that controls both. the judge denied an immediate request for examination of r redstone's mental competentsy. >> a lot ahead on the halftime report. ♪ you've wished upon it all year, and now it's finally here. the mercedes-benz summer event is back, with incredible offers on the mercedes-benz you've always longed for. but hurry, these shooting stars fly by fast. lease the cla250 for $299 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. >>> following facebook's earnings blow oout. amazon, shares are up 40%. >> not willing to bet against it. it's an economy of convenience and time. every time i've tried to go against amazon that's proven to be the wrong thing. if you get a pullback fantastic. >> we were talking about it into their prime day as you r

. >> nothing but option paper going into valero over the last couple weeks like you wouldn't believe and looking for this move to get up through the 50 moving average up towards 55. we see that happen, interesting, because the xle continues to technically hold right on to that 50 day, which has held up a long period of time. >> chevron read through? maybe just -- >> exxon, chevron, right. >> not that great an operator. bp struggled so long. >> i'll take the other side of that xle last week. sold last week. oil still had a best recovery in the last 20 years. we upgraded in early january. it's done well. sold that last week entirely. you've got oil prices, headed up dramatically near 100% move and three things working against it. global growth not at certain and two, supply continues to come through in the market. number three, u.s. dollar liquidity pulled back negatively impact all commodities. >> schlumberger, short barrels a day is a bad call? what they're saying? >> no. i think within oil we like refiners. not big oil. dividends look healthy, even though, we see investors, why they

>> i think valero is the big daddy in the space. phillips, obviously, we know warren buffett has a position there. you know, mlp's, i think you have to look at enbridge, and even though it's no loernk an mlp, kinder morgan is cream of the pop as far as pipelines. >> what do we make of this unbelievable move really that we've seen in energy? both crude itself and the stocks within the sector. >> so just in time. what they were looking for is at least an expectation of opec and meeting in december will cut production. what's involved them recently, who knows if that happens. i personally doubt that it will. it's enough to get them going. also they point to shell pulling out of alaska. you are starting to see production be cut in the u.s. $7 billion project. can't go for another five years. putin and syria. i don't think that's about protecting syria's regime, about the i think that's about the best way for them to get russian oil prices up is to control what's happened in the middle east. he knows he wants to build an empire. i think

berkeley, you have brought some picks, two energy picks, valero and holly frontier, 2.5% yield. why go with such a low yield in the energy space in these guys in a session with chevron at 6%. >> big debate in baron's about value stocks. >> sure. >> they are so exposed to the price of oil where the refiners like holly and some of the other names valero are benefiting from the lower input costs so as long as the economy is still doing well and refining spreads are still very wide these are actually the better plays. >> lower risk but lower yield. >> yeah. >> and these are the stocks that have been -- >> you can sleep at night over dividend. >> stocks in the bull market for a couple of years now as refining margins have improved. >> and the stocks look good. >> you're talking about a stronger dollar so if we do get the stronger dollar or it continues to be strong do you think energy and commodities in general can work, or are you taking the other side? >> kind of taking it the other side with the refiners, yeah, so if you're looking for more pressure on commodities and oil prices i

>> i would go into josh's camp of certain specific names i do like at this time and i think valero is one of those names that stands out. i have a position in bp. i have a couple of positions, short term because the volatility of this market that we've been talking about, that's what everybody has been attacking. very short interpret and a lot of the less quality names but they can give you some incredible moves at an incredible rate, but you've got to be very, very careful in this market. >> exxon mobile. >> i bought it last weak on monday. happy to still be holding it here even though it gave up some of those gains. i've about now written calls against it. weatherford is one. wft, watch that one. that's a pretty decent drop. i'm watching that one. >> coming up, football fans rejoice. cbs sports embracing the streaming culture. there are a few more games you'll now be able to see on your smartphone, plus, josh brown, there's one less thing for you to worry about. >> there is? >> that's what they say. >> okay. >> we stop serving breakfast at 11:30. >> rick, have you ever heard the exp

the move lower in energy being led noble energy, exxon mobile and valero. for more, let's head over to jackie de angelis on the floor of the nymex. we thought it was dizzying here watching stocks, it's been crazy to watch oil. >> a 24% gain or 27%. sorry in the last three days. very volume tiff swings in crude oil. what's your take on what's impacting it. it appears to be that every day it's something different. >> you know, yesterday it rallied on really jaw-boning and rhetoric from opec and i didn't expect that to last at all. it was definitely overdone to the upside. the bottom line is there's too much oil in the world. and unless that changed, i know the u.s. dropped a little bit. unless that changes by a million barrel as day, oil is going to be pressured to the down side. that's probably why we're seeing a reversal, scott nation's volatility. how much longer can it go on? >> given what we're seeing in oil, we saw shorts get squeezed almost to death, i think we're going to see more volatility. we're going to see it to the down side as people start real

valero, some of these names that had been on our radar long ago and finally started to see the buying in terms of energy. velocity, volume, volatility, that's really what's going on in the market. >> the three ds. you have been cautious, right, on this market. i know you're watching airlines on the back of this energy move. >> airlines have been trading up and there's been that inverse correlation which in my view should break apart and should have broken apart and these are the les vestiges of it. they're afraid that they're going to miss it. so the first tick up, the first news story they can bite on, they run in. i'd say nothing has changed. as a matter of fact, i think e opec is permanently impaired. anything that comes out of there, i would pretty much just ignore unless saudi arabia comes out and says we're cutting production. >> they're major producers. >> they are. oil is so cheap now, right, that you haven't seen any production come in. as a matter of fact, if you have production, the shell producers pick it up again. >> the u.s. has been the swing producer there. let's talk

. >> valero. it is the one area in energy that's been a performer and folks are looking for this stock to potentially maybe even break out to the up side. the september 75 calls getting bought. over 5,000 of those trading. very aggressive buying, well over the open interest. definitely something to keep your eye on. >> okay. josh? >> pete mentions the financials. if you're just focusing on the four big banks you're missing a lot of winners in this space. i'm going to give you cincinnati financial. here's a name we very rarely talk about breaking out to an all-time high. this is a $9 billion market cap with a 3%-plus yield. it is just one example of several financial names that are not paying attention to the rate debate, just grinding their way up. >> dr. j. >> very strong activity in hartford, hig. it began in mid-july. it really accelerated today. they're buying very short-term options that have like that much time before they're right or wrong. when we were getting ready to do this one we thoug

. >> refiners have been very strong, in particular a anytime i like is valero. i think the easy money as it relates to the spot price of oil and the energy equities has been made. i think the opportunity is complete ly on the debt side. you want to go out, look at high yield energy bond, stick them in your portfolio if there's a company you believe has the potential two to three years to go to investment grade, that's where the easy money will be made. >> big hedge fund managers of late talking about that. we'll hear from another one later on in the program. what about this thought on energy, are you looking for opportunities? at some point soon you're going to have to pounce. is it still too early? >> that's one of the reasons the group is rallying today and precision castparts which has 17% of their revenues tied to oil. i think he found value there. >> the stock had come down because of the exposure to energy. >> sure, right. he got a good price. he's a good buyer. he sees some value there. it's not going to go completely to zero. you can make the argument th

valero, tessaro, they're all making a ton of money. >> joe's got those in his playbook, doesn't he? he's there. >> we added a whole handful. >>> coming up, ebay and paypal make their -- uncoupling, decoupling official, whatever. trade something two separate companies starting on monday. a look at what the street is expecting. plus around the desk for the traders' takes. halftime is back after this. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. can a a subconscious. mind? a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive? dentist appointment when my teeth are ready? ♪ can it tell the doctor how long you have to wear this thing? ♪ can it tell the flight attendant to please not wake me this time? ♪ the answer is yes, it can. so, the question your customers are really as

i've seen the short interest drop dramatically in valero and tessoro, i think now is not the time to get into those two stocks. you wait and get into the e & p side. >> one day away from delivering alpha and a big year for activist investors. what can we expect from heavyweights like bill ackman and carl akhan this year. >>> calling it the yogurt trade. mario gabelli is capitalizing on america's health craze. even doing some due diligence in the break with his own container. i'm here at the td ameritrade trader offices. ahh... steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place that lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim? for all the confidence you need. td ameritrade. you got this. [ radio chatter ] ♪ [ male announcer ] andrew. rita. sandy. ♪ meet chris jackie joe. minor damage, or major disaster, when you need

so we're getting rid of the refiner name is valero. >> out of valero. why? because as jeff curry pointed out last year, last week, a very accurately, we're about to start swimming in product. the spread between brent and t.i. is coming in. and right now, it's better to own a name like an eog, which i'm putting back into the portfolio. >> back in love with eog? >> yup. >> concho. >> i call concho and the other two the three survivors and lastly, range resources, a name that i know steven follows as well. going after beta in the energy space right now. as i believe oil is about to break out and surprise a lot of people. >> so there's range up 4%, joe adding it to his portfolio what do you think? >> what's interesting is that's in direct opposition to what retail investors at least maybe some institutional investors are doing with crude it sl. we've seen the first two weeks' data in april, of the $6 billion in aum that the oil etfs have, not oil stocks, but crude-related. we saw about $400 million in outflows, it's the first two-week period for outflows since l

>> valero. a lot of momentum. a great environment as we talked about. going to make money. >> dr. j? >> ziop. somebody with a large role, rolled up to the 16 strike. bought it. stock and option. the second biotech stock he mentioned. i'm going with europe. hedj, still like that. it's currency hedged, participation. >> excellent. thank you lady and gentlemen. >>> does it for us. "power lunch" begins right now. >>> "halftime" is is over. "power lunch" and the second half of the trading day start right now. >> michelle and all, thank you, along with mandy drury, i'll tyler mathisen. another day, another huge move. >> look at the moves. gain 1.1% for the dow, hitting 18,164. the nasdaq up by nearly 1%. s&p by a little more than that percentagewise and the russell 2000, small caps currently up very nicely indeed. flipped over the board to show you what's happening with the etfs, mirroring those indices. the dia, tracking the dow, the qs track the nasdaq, spy tracks the 500 and the iwm following the russell. >> and a big step today to tel

valero and pioneer. >> and used all 52 trades already. >> yeah. just kidding. i kid because i love . >> making a trade? >> this week. >> could be today after the fed. >> i know. i feel you on me, man. when this turns i tell you scott will be riding along for this thing. it will be great. >> i knew it all along. holding on and they came through. >> yeah. >> you're not in the competition to sit on your hands right? >> you're right. you're right. >> let's hit our trader blitz four on four stocks making news. first up fedex, it's down after reporting weak full year guidance. mixed report. >> they blew out the number as far as the bottom line number and the weak guidance turned things around. stock traded to 180 in the premarket crashed down through 172. now 171 and change. so big reversal in fedex today. a lot of people took the profit and ran. >> herbal life, stock we've never spoken about. >> yeah. what do they do? up 11% based through the judge in california dismissed a suit. i don't think it should be up 11%. the suit was poor reason for going after them saying

. >> valero. >> marathon, holly, frontier, all of them are making ton of cash, paying down debt, raising dividends, and as you get more glut of oil in this country they're going to make more money. >> do you buy the airlines here. >> absolutely. you buy them on the dips. every time a great opportunity i think. look at american going to the s&p 500. you look at the way they've been trading, day after day every one of the pullbacks i think has been a buy in the airls. >> coming up we're going under the radar for one discount retailer whose shares are up more than 100% over the past year. and popping on this down day. plus, surprising news out of the nfl. rookie linebacker walking away from the game out of safety concerns. what does that mean for the league? talk about that next. commodity like oil, you have to >>> "the halftime report" with scott wapner is the place for market moving interviews. >> when you see large currency moves and large price moves in a commodity like oil, you have to be worried. >> real money. >> what makes things cheap is uncertainty. >> real debate. >> interest rat

>> we are putting hope in the new ceo at valero. >> we will see you soon. >> coming up unusual activity in solar stock. pete is going to break down that trade and that is up next on the halftime show. keeping a billion customers a year flying, means keeping seven billion transactions flowing. and when weather hits, it's data mayhem. but airlines running hp end-to-end solutions are always calm during a storm. so if your business deals with the unexpected, hp big data and cloud solutions make sure you always know what's coming - and are ready for it. make it matter. ameriprise asked people a simple question: in retirement, will you have enough money to live life on your terms? i sure hope so. with healthcare costs, who knows. umm... everyone has retirement questions. so ameriprise created the exclusive confident retirement approach. now you and your ameripise advisor.... can get the real answers you need. start building your confident retirement today. >>> well, you know how we normally do worse trade on the show. i guess last night if you are a cowboys fan was a worse trade but best trad

. >> i'll tell you, we get the look all the refiners are reporting with the exception of valero and examine back next week. >> okay. >> all right. >> i thought we were going to have a little fight. >> look, i mean the score is about to come up this week. >> i can only instigate so much. >> and if you want to instigate something else over the weekend i thought about this and reading the goldman sachs note, why would you buy as tesla with the price of oil where it is? look at tesla. i have not traded that stock but to me, it looks to me like it's going to implode if oil stays where it is right now. why buy it? >> our trader blitz. four trades on four stocks. merck moving lower after missing revenue expectations and narrowing full year forecast. >> it has been a big winner. you're seeing some profit taking. i think the quarter was fine. i thought their update about products not so good, their help c. looked like they are going to be pushed out a little bit at a losser are sus its competition. not one i would chase. >> goldman sachs upgrading garr mon from buy to neutral saying it is positioned

now, there are some names, murphy mentioned valero. that's a good name. jon and pete have mentioned some. carl icahn talked about cvr, that's a winner as well. collectively all refiners will not appreciate as they have in prior years without that spread getting above 10 bucks. >> pete, as i said, you've been right on on this one. where do you go from here? >> i think these things continue to go to the upside. i think that's important for people to understand. and you have to look at names that have both oil and nat gas exposure. conoco phillips made a massive acquisition to get themselves into the nat gas space. the same thing with xom. and then you look at bp. all of these various names have been moving and shifting. and scott, i think there's still plenty of upside in multiple names that give you great dividend yields, great valuations and the growth aspect. i look at these pipeline plays as well, williams, we had activity back on may 5th. those options have gone from 92 cents to $9. so when you look at what people are -- what their gains are right now,

we had seen some activity in valero. i think it's going to break to the up side. >> i like armstrong world. i like the non-res and res recovery in the u.s. >>> this is an energy and industrial play on the whole economy, long american rail, arii, and on this 20% pullback, i think it's a great name to own. >> joe? >> i'm long lilly, long the salt conference, off to be part of a panel with gary, anthony, scott is going to moderate. excited for you to come out and join us. it's a great conference. >> we are hitting the road, joe, we'll see you live. we're headed to vegas for the salt investing conference. the best ideas from wall street's smartest investors, tune in starting at noon and 5:00 tomorrow. that does it for us, see you on fast tonight. "power lunch" begins right now. >>>. halftime is over. "power lunch" and the second half of the trading day start right now. >> melissa, thank you very much. >>> the s&p 500 fresh territory, 1900 for the first time, earlier today. the dow also setting new highs. how much higher if a

. >> valero is going higher. >> upl, natural gas. >>> have a great rest of the day. that's all for us. power starts now. >>> halftime is over. "power lunch" and the second half of the trading day starts right now. >> it's going to be an interesting afternoon. volatile day for the markets. nasdaq just shy of that 10% correction level. are stocks on course for that big correction that many are expecting? or is a spring snap-back in the cards? >>> we're also going to rethink the 20-year ceo. report that jeff immelt trying to shorten his stay. is it good for a company to have a ceo stay so long?

. >> valero. the energy space has been incredible. we're seeing activity going to the upside. 52-week highs and now somebody comes out with 12,000 contracts buying the september 57 1/2 call, selling september 65 calls. bullish bet. expecting to see not just a break to the upside but a break to the highs from here, scott. >> and you in this? >> i've been in it before. unusual activity on multiple occasions. >> steph, you know, jim and i on "squawk on the street" yesterday morning talking about the refiners. i know this is one of the names on the list. >> yeah, we don't tend to play with the refiners because they tend to be trading oriented. there are so many stocks like the emp stocks. we just brought chevron on the large cap stock because it fell. we like little boring but we like to mix that in and added anadarko to offset the boring name with more beta. >>> will lion's gate hit the bull's-eye with "divergent." one of our traders said he wouldn't buy a ticket to the film with the najarians money. ouch. we have a street fight of epic

that differential makes the marathons and valeros print money at this point. >> top to when you're looking in the refining space, you would point to those and what are some of your best airline plays ride now? >> based upon that, delta, united, and american. american is probably a couple of turns away from where delta is. when i say turns in terms of multiple but also 18 months away. they're going to get hiccups like united. leader is the delta. united is kind of getting there and american is going to get there. all of these industries are benefiting from lower oil. look at curbing. look at all the oil coming down from the gulf of mexico. we're going to get more in the 12 to 18 months and we're separate from the rest of the world. >> in delta, you get both the refiner and the airline. >> delta actually just yesterday at the transportation conference all of them were talking about they still made money when they had massive cancelations. they're running these as businesses. they are no longer being rented. they're being owned. i think investors are coming to that party and saying, wow, mayb

marathon, philips, valero, holly frontier. four names in the refiner space that you begin to look at as we turn the calendar towards the spring. if there is a pullback in the crude, they've gotten beaten up. i don't think it's warranted. >> next up on the "thalf", investors hanging on the headline of russia and ukraine. as we head to break, look at the ral rally. all that green is on our screen. there it is. there's the dow heat map, every member of the dow in positive territory this hour. [ male announcer ] legalzoom has helped start over 1 million businesses. if you have a business idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reality. start your business today with legalzoom. >>> all right. dow is looking at its biggest gain of this year. bob pisani is down on the floor another the new york stock exchange. bob, are guys on the floor and the traders down the surprised by this strength of this comeback today? >> i think the conc

. >> pete, valero. a boost from gas station retailer. >> the fact their highest margin area is the ethanol egg segment. they're killing it. they slaughtered what the estimates were. trades in the single digits. it goes higher. >> electronic video game maker. raising estimates for the year. >> rumors that amazon is going to create a gaming console, too. that is not a competitor to ea because that's not what they do. they make the games. interesting move, none the less, and keeping focus on the space. very hot space as we heard last week from microsoft with their xbox 1. >> pete, vmware beating by a penny. >> they did. monitor acquisition that weighs on them in the next quarter. air watch is a huge acquisition them into the mobile. i love this space right now. cloud space is getting beat up except wmw because they're killing it. >> the read on jetblue, profits jumping on high er fare s can i talk american airlines instead? >> that, too. >> jetblue. what they did talk about was whether it had done to the j

we've got so much interest in here, valero, tee sorrow and holley frontier. we did take off te sorrow bau it popped so much. but holley frontier 10 bucks off the 52-week high. mid kunts nent refiner. they are getting benefit with the bakken and so forth. i own it. >> final trades up next. we'll find out who won our throwdown between fedex and ups. back in two minutes. stick with innovation. stick with power. stick with technology. get the flexcare platinum. new from philips sonicare. you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. >>> welcome back. the people have spoken and we've counted your results and you said th

take a look at names like tesoro, valero, murphy, they're all up on the day. back over to you, scott. >> you with us, dom? we're all good, right? >> yeah. >> dominic, thank you. [ laughter ] >> nice lift in northern tier. i would use it to take the chance. you have the widening of the spread in brent t.i., looks good there. but the conversation here with wnr, taking the stake in northern tier, brings you to the potential to a little bit of an mlp conversation, which investors like. refiners here, i think they're okay to own. delich is the one i favor. >> and now, turning to dan loeb, defending some of the past trades and revealing a stake in a new company at the dealbook conference. kate kelly has more. kate, interesting, you don't hear from loeb all that often, at all, publicly. so everybody was sort of keyed in on what he was saying. >> you're absolutely right, scott. it's so rare to see him on camera, and we got a rare treat with that today, and a really detailed, packed interview. probably the surprised disclosure was the stake in fedex. he mentioned that

valero, a drop. >> yeah, the margins are squeezed tremendously and postponed a project. i'd much rather be long oil, which i am, as opposed to the refiners. >> wise cliffs. >> here's what's ironic about cliffs. i don't know if you got that pun -- but what's ironic is that their coal is in iron -- >> -- neither did anybody else. >> i'm used to dealing with a higher-brow crowd. their coal is in net coal, which goes into steel. what's hitting the stocks today is the steam coal, which produces coal for energy. and that's an issue as the government's putting out new regulations. i don't like this stock. i don't like the iron ore stocks. i don't like coal stocks at all. >> men's warehouse, doc. >> revenue missed, lower guidance. i know the former ceo would have said, "you're not gonna like the way this looks in your portfolio." and it certainly doesn't look very good right here. i'd stay away. i think there's some more trouble on this name going forward. >> lennar, murphy. >> yeah, glad we got this in quickly, because the stock was up over 3% earlier and currently trading just

>> valero, the entire refinery space has gotten really hit hard and the stock is down now and just trying to get up to its 200-day moving average. if it does move above, that we'll see it move up to the 100-day. >> stick citibank. >> that does it with us. "power" starts right now. >>> "halftime" is over. "power lunch" and the second half of the trading day starts right now. >> well, looky here. a nice rally on wall street. home prices, new records there, home sales a five-year high. consumer confidence, five-year high. we're going to help you ride this market with some picks, old-fashioned stock picking this hour and we'll introduce you to wall street's new top cop. that what's on the agenda? we'll hear from him in a moment and what does $1

i think valero is the name. also hall buiburton is a great , too. >> one thing that no one is talking about is nat gas has spiked in the last year. think about what's going on in the last couple of weeks. >> i don't like energy. >> i'm following that today. i don't like energy in part because murph likes it. i know you. >> look at what's going on in natural gas exports. so llg. glng. >> there have been huge options and activities. >> up next, we pose the question, a diamond is forever. one of our traders thinks so. with only three hours left to trade, tiffany with next week's earnings. plus, the nikkei is rebounding after suffering its worst day in two years yesterday. but is japan still the hottest trade on the planet? mike stantoli will join us. that's when we come back. ♪ on the road ♪ and we know that it goes on and on ♪ [ female announcer ] you're the boss of your life. in charge of making memories and keeping promises. ask your financial professional how lincoln financial can help you take charge of

look at a name like delich, like tesoro or valero. i think there is opportunity coming in the next week or so. i believe with the premise that margins will widen. >> if you talk with the drilling companies, they will say if oil stays above 70, 75, they will play. that's something worth paying attention to. >> so, doctor, it appears that the panel sees in these broken commodities some real opportunity. some buying opportunity. >> absolutely, judge. and this is textbook as far as getting that washout that you're looking for. now, is that the bottom, just as mark fisher said, i can't throw that and say, yes, this is the bottom. but when i see the gvx, that's the volatility of gold, when that's up 40% friday and up 70% today, exploding to the highest levels basically that we've seen in years, i've got to think that that fear level will not be sustainable and that it'll come back in rather dramatically. it doesn't mean that we see a v-shaped bottom. just means we put in that bottom pretty soon here. >> all right. citi shares are on the mov

valero in the red this afternoon. >>> thanks so much. pete, want to take a stab at valero? >> we've loved this names for a long times. psx is another one, but these names, as josh just pointed out, huge runs recently. after this big run, you needed something as a pull back. this is definitely a story line. i don't think it's a one-day event. i think you can jump back in, the stock near the 200-day moving average. >> we deliver on trades. four stock that is have lit up my twitter feed. first up, priceline what's the trade leer? >> 60% of their bookings are europe. though it's growing faster than the u.s. in terms of travel, it's only 5% to 6 pushes. the stock is not expensive, but one -- i would hold it and on weakness i would buy. >>> caterpillar? fridays 2013 lows? >> talk about unloved. this whole sector right now. obviously a lot of people play china off of caterpillar. i think it's not quite time yet. i know that stephanie has some opinions. i will be more bullish, but would like to see the stock closer to 80ivities you were talking cat versus deere, which one you would

. >> valero, joe? >> it's not rush through this one. this is one that i've talked about in terms of owning the refiners at overweight levels. i told you brent and ti is going to continue to move out. i'm of the opinion that i could be potentially wrong. i would move refiners to a new status. seeing too much continued weakness in the space, not to take notice. >> coming up on the "half," breaking through the glass ceiling. facebook's cheryl sandberg sure did it. so did kathleen kelly of queen anne's gate. she's with us to share our best investment idea right now. "halftime" is back in a couple of minutes. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades w