Stocks have been driving all of that action within technology. Justiertodate, look at the lens of exchangetraded funds, the spdr, the s p, up 16 , very respectable and take a look at the tech sector spdr, xlk, 32 so a doug over its competitors within the market. Take a look also going all the way back to 2009 this was the last time that we saw this kind of outperformance by technology overall. That gap is just widening out as we see that performance. We took a look within the xlk, the spdr technology action, so we looked at stocks over 100 billion in market capitalization and have posted better than the index returns. Check this out nvidia no surprise there doubling so far this year. 129 billion company facebook, we talked about it earlier on the show. Up, a 526 billion and broadcom, 112 billion market cap. Everybody talks about apple all the time, nearly 900 billion of market cap 50 upside there and match the card 47 , its 160 billion company so a lot of names out there driving on the performance and these ones are the ones with the biggest influence at least within the sector and this etf overall. Back to you. Thanks very much, dom chu lets trade technology and, josh, ill start off with you because this gets at the question that all individual investors face right now and thats do you stick with what is working into year end . If you know that the Top Eight Companies by market cap have had 1. 5 trillion in market cap year to date, is that what we still buy . Obviously the inner contrarian inside of everyone that never wants to look foolish and wants to be ahead of the next thing would look at that and everything dom just brought up and say, yes, its too much or its too far too fast or its too big. The problem is you get beyond the xlk and start looking at the individual companies, and they are crushing it to such a degree that its like, yes, as much as i want to be the guy that says, nope, this is it, this is the top. Its too much. Its so hard to make the case that any of these companies are at execution risk or not going to kill it in 2018 now, of course, things can end up happening that change what im saying now, but just right this moment looking at this when you look at individual stories you can understand why this has gone on this year, and even secondtier names like adobe and things we barely ever talk about, just the incredible rufns not just share price appreciation but great, great news. So the economy has transitioned from a bulk economy to a software and services economy, and thats obviously where Technology Fits in it also has the International Exposure so its participating in the global synchronized growth high Revenue Growth is up 16 year to date and if were going in 2018 to lose technology from the equation of a market real, if we were to lose, it then, yes, because of the significant weighting. Thats going to impact the market, but signs are not there right now to suggest that thats going to occur to joshs point, particularly when you look at earnings, and additionally the repateiation component of this which we still dont have visibility on, theres about 400 billion in the Technology Secretary thoor would be coming back how do they make usage of that however they do, i think that would rally the sector further a couple things the way i look at it, do you keep with whats working and to me im looking at the fundamentals rather than momentum in the stock, which is good, and the fundamentals keep working. But they can coexist, right . Absolutely. Yeah in, some markets, where markets get frothy, thats where youve got to watch out because then they all move up. Thats not the case or situation. The other thing is where else are you going to invest in tech . Europe is very, very low in their tech exposure. Thats why they are relatively underperforming compared to other parts of the world. Exactly the tech stocks they do have are overvalued relative to the u. S. Because in are so few of them. So if you want to be a tech investor and exposure there, youre coming to the u. S. Like youre coming to our tenyear and Government Bond and thats why its keep going. I think the facts, steve makes a great point, and i think the fact that this is an International Phenomenon because hes right the relatively few European Tech names are expensive. No, no, no, no, no, but i think its important to point out, not just u. S. Investors losing their mind and buying into a tech bubble look at china ten cent in the s p would be with the fifth Largest Company in america. Bigger than facebook. Its bigger than the beatles. Whoa. And its a chat app at heart. Its we chat im not saying its not good, its great and baidu is very big and alibaba is 480 bill crop not based in the u. S. And most are not doing any business in the u. S. Or europe and they are experiencing a similar moment amongst the investor class so we should not just look at this and say oh, there go americans again getting gaga over tech stocks. The fact of the matter is that stab, sort of the chinese equivalent of f. A. N. G. , they are crushing it as well. Yes thats technology as well as services. Right. In fact, they are outperforming for the last month h. Services are outperforming tech because you take a look youve got amazon up 18 , services but obviously tech because of aws and everything that it takes to deliver same thing with alibaba. Same thing, by the way now with walmart. With the jet acquisition that we talk about here all the time so obviously technology is the focus stock for many of us because of the outperformance the xlk has had as dom says but also how that Technology Real moves businesses. Right. I mean its great that facebook does what they do and google and thats mainly an ad play in my mind, mel, but when youve got aws over at amazon and delivery of goods, i think that we were debating we were debating walmart on this desk. They bought jet and the acquisition closed last september. They paid 3 billion and people were losing their minds. Walmart has added 70 billion since closing the jet acquisition, and if youre going to make the case that its for any reason other than having the jet people come in and get their ecommerce story together, youd be completely wrong, and its totally about that investors want to be seen to have portfolios that reflect what the future is going to be. Kevin, ill bring you in, particularly on the point of europe being underweight technology youre one to have known to have loved europe, love europe currently as an investment, but when you look at msci europe its a 10 weighting compared to the usa which is a 25 weighting so where do you stand on that . Its a fair point, but i would point out that asia actually outperformed europe and europe outperformed us regarding this whole tech thing i take a different stab at it. The whole idea you stay with tech regardless of how fast it grows or what you think its going to do in 18, lets add a little discipline to it. I think some rules that matter a lot about concentration and diversification should come into play here. Heres a rule. Dont let any one name be more than 5 of your portfolio. That means youre selling half of the stocks that dominic led the sector with and if you let tech become 20 of your hold, youre crazy if youre in an index funneled its already more than 20 of your holdings. Thats my whole point. You should not be indexed to the s p 500 is what youre saying. I am not. I am not indexed to the s p. I am im disciplined. Do not let that tech sector become anymore than 20 . I disagree. Im a seller of apple and enviedia ive taken some off the table because, no, its not different at this time at some point the sector will correct and youll feel the pain if you overweight it. Thats an argument you could have been making in some time it will correct for the entire market, not just for tech but for deere or for caterpillar or for anything, but going back to your original, your opening comment, i firmly believe as do most investors that you need elements of concentration to generate return. Otherwise just buy an etf, and as long has youre watching the fundamentals its not indiscriminate these stocks are not overvalueled i bought lululemon, paid 33 times and guess what facebook is selling at, 33 times so lululemon, which is not a tech company, can you argue thats overvalued i dont think it is, but these have reasonable valuations when youre looking at the growth they put out both in the top line and in the bottom line. They should get a premium to the market and they should an aggressive premium to the market youve got to watch the fundamentals now, tech hedge funds or tech longonly funds, they are all tech i dont think thats irresponsible. You know what youre getting, but as mel pointed out correctly, 25 of the s p is in tech, so if youre buying the s p and youre just buying the etfs on your definition youve overweighted tech. I dont buy it. No. Im going to take exception to that, josh the fact is you this was steve. These are a thing of the past the etf industry is getting a bad rap right now. So many indices being built by many players that give you all kinds of could have vans and a max of 5 weighting in a name and 5 in a sector the new generation etfs that protect you against the concentration youre talking about. Im not im not criticizing etfs im talking the s p. Im pointing out the sector, the sector is overweighted now from a concentration diversification theory i believe in diversification i dont want to own every name regardless of how great the Business Model is. I want diversification. All right. Im just pointing out im selling into the strength and thank goodness im doing it because you guys are like lemings. These guys are like lemmings. Them are fighting words, kevin i want to go to a ledge here and see what this leming is buying, dr. J. What was i buying today i was buying more baba today, even at the highs. Im buying a number of tech stocks, mel. Got some that ill do for unusual activity so there were a lot of things im buying, a very slight dip. Do you feel like a ledming i dont, though i do follow fast money so wherever this is big buying action, im like a surfer i feel the waves starting to pick up and i paddle fast and try to ride that wave until it ends, so i dont necessarily go where everybody is jumping off the cliff. I want to go where the big kahunas are jumping. Settle down, point break. If you define a leming as somebody who is generating superior returns relative to the market who is picking the right stocks based on fundamental analysis, ill be a leming all day long. Josh brown, youre buying twitter. Yeah. Kev, that wasnt me, by the way. That was steve, so the one thing i would point out, these are stocks that have been working all year, and the reason why Momentum Works is because price improvement attracts other people who then come in later, and youre right that will not go on forever and it will end at a certain point, but a lot of people are making the antitech case in january of this year, in jer of the year before and in january, so, yeah, we could say that every year that these stocks are up too much and then one day they will be i dont know how helpful that is. As for twitter . I bought twitter yesterday. I added to my twitter yesterday. The stock has been breaking out. Its getting back above the acquisition rumor highs, and its not doing that because of new acquisition rumors the technicals here look really good you had a stock that double bottomed in the midteens. The last time it did so on very, very low momentum meaning the sellers were pretty much cleaned up, and now you get into 2018 s. Have you low chomps. Twitter has just surpassed snap chats market caps its 16 billion versus 14 billion and the narrative around this company has the ability to shift. If they can repeat what they did last quarter with another net ad in users its not going to be favorably compared to facebook lets not waste our time with that conversation. Its Something Else and when you look at price action the market has decided that this one is going to stick around. Weve got breaking news from the west coast amazon may be diving deeper into the healthcare space cnbcs. Com Christina Farr just broke the story and is live in san francisco. Thanks so much for joining us. In terms of the story, amazon and cerner, what will the relation be . Reporter great question, melissa. Amazon web services which is the Cloud Business is partnering up with cerner 22 billion health i. T. Company and a partnership that will initially focus on whats called population health. In the long run this is a huge deal for amazon aws which has customers big names weve heard of like netflix and kelloggs and aws really needs to break into health care in a big way to drive new growth, and cerner is like a stamp of approval, my sources are telling me its a big name in healthcare. It helps them break new ground. In terms of the bigger vision going into Drug Distribution, for instance, how does that play into the broad strategy, if at all . Reporter i would say its a little bit different because aws is sort of a separate team for amazon, and it could just mean that aws wants to get new healthcare customers which totally makes sense and cerner, ideal partnership for them but having more expertise and partnerships like this, who knows. It could lead to more Drug Distribution and even pharmacy world and thats the big news everybody is talking about that would be the big thing in healthcare for amazon to do. Thanks so much for joining us Christina Farr with that cnbc. Com story what do we make amazon getting into everything . You know, obviously, the Healthcare Industry is an industry that lacks the transparency in terms of prices of other industries, and thats exactly what amazon is so proficient in doing is coming out and providing that Price Transparency so im not surprised by this at all i think the signs have been there. They have actually gone for registration in particular states to be able to sell some pharmacy products, so i think this is something that in 2018 it will build and become a better story. This is more a shot at oracle than it is about the drug distributors though, because they are the i. T. Hub in practices and in hospitals where they deal with the technology. They are bringing it all together and give better treatment guidance for patients, more so than Drug Distribution a stock that i think looks pretty good here is meta data solutions. The ceo just should because they are had the ones that are in the cloud managing all the research for the Big Pharma Companies they have virtually every Pharma Company so youll see a lot more in the space and youve got to be in it in places like ibm involved a little bit and oracle, theydont want to miss this. Youve got a great setup here, too, because it gapped lower after the earnings they missed on top line, bottom line guided lower. The stock gapped from roughly 71 bucks down to 66 down to Something Like that and now it just filled that gap and its making the is 4 Short Interest scream right now they are buying upside calls aggressively thats what this is. Thats why i think thats why i think it had a gap to fill anyway, mel. Its moving up because of real news, like our reporter. This puts a fine point on what we said at the top of this show which is that people are evaluating technology companies, and i know amazon is a Consumer Discretionary technically, because they are looking at things in terms how big could it get, whats the potential scale and whats the tam or total addressable market, amend have you amazon creeping into areas where they werent a year ago. They are creating addressable markets for themselves. Theres a lot to, that and i think people are throwing out old ways of looking out companies that were kept in a box and said, okay, this is just a Software Company okay, this is just a cloud company. The lines are being blurred, and i think investors are thinking about valuation through that prism. Tech isnt the only area in the market where investors are seeing a divergence. Since october the dow transports have fallen lagging behind the industrial average which has risen for 5 so for all you dow theorists out there, should you be worried should you be worried, steve i dont know where Richard Russell is is he still around thats not funny. He passed. I wasnt joking thats the all dow theory. I dont think dow theories applied here for had a long time i own the airlines i. Sell some delta, the reason being they have had a tough times overall managing the narrative they brought capacity when they shouldnt have brought it on if they didnt, you would see the airlines a lot higher. Its not picked up the investor side in Warren Buffett who they needed on the margin to take the group high i still think it works i think ual is very, very cheap here, as is american i just want to cut my exposure. Kevin oleary what do you think of the transports as any kind of indicator . I do . You know, for decades transports have been an indicator about the future of the dow and it bumps off the gdp growth estimates which is getting close to 3 next year. The fact that they are underperforming is not a goodstein if youre a traditionalist like y. Secondly, i look at whats happening between the spreads between it the two and tenyear which has broken down below 90 which is a flagtning curve. The transports and that spread on the two to tenyear are like the canary until coal mine telling you maybe you shouldnt be as optimistic about returns next year as everybody seems to be right now those are leading indicators, hand they should be watched. Sounds like youre going more to cash. No. Im just taking a little powder and keeping it dry thats all im im about 18 going into rebalancing for january. A lot of it came from the sale of these tech stocks that have gone past 5 or 20 sectoral weighting. Ive been a seller still own them, still fully weighted at 5 big owners like facebook taking tens of millions off the table facebook, you can at all it tech but its really an advertising play so youre starting to see a few people saying, maybe, look ill take the gains and park a little cash and wait and see what happens next year i dont think well get 20 gains in the s p next year the numbers just wont work that way so why not take a little off the that i believe nothing wrong with that. Deere hitting a fresh alltime high after posting a strong Fourth Quarter beat jon,you were long until like what half an hour ago . Yeah, and we talked about it, knock on wood, got written up on cnbc. Com last week for the unusual activity in this name along with several others, and this one just an unbelievable pop. Like palo alto networks. This one just exmodes to the upside i think worldwide revenue with double digits for sure hand i believe over 20 , so a phenomenal quarter for them. I tip the hat to you yesterday, josh, because i know you had some, too. It was a guidance really. Josh had a doubling. Crazy guidance in terms of sales growth for construction machinery. Look, they came through the trough and if you read all the analyst notes this morning they are saying okay, now Global Demand for Agricultural Equipment is back, and whats cool about that is if youre a shareholder, they are going to manage this cycle way more profitably than they would have been in the past because this sevenyear trough they have been through forced them to rationalize costs and so now this is going to be a way more Profitable Company than it had been historically and its the sweet spot just as people are waking up to the fact that theres Global Growth again and then theres ag growth more importantly. Im not buying it, but if you just look at what they report versus the company, they are putting up 25 Revenue Growth. Thats unbelievable. One issue thats put fears into the hearts of many in the investor is the lack of inflation in this economy. Last night chair janet yellen raised the prospect that inflation might not return to the fed target for quite a long time lets bring in economics report steve liesman. She said it will pick up next year or a couple of years but shes not all that sure. Right that was the it was the back end of that quote that really represented a change, melissa, youre right she continues with the sort of general consensus that were going to head back to the 2 target, but shes saying now shes not so sure that its also transitory, and this to me raises the question for next tuesday. What is next tuesday, you wonder its a fed meeting, isnt it . Next tuesday. No. Next tuesday going once, twice, gone, powells confirmation hearing. Oh, hey, hey, hey. Thank, steve. Hell be on the hot seat. Look alternate they were ready with the Baseball Card on that. Nice. They knew in the back but not on the table here. Lets go on i think next week inflation is going to be question number one for powell he did tell me in an august interview that we did that low inflation is a bit of a mystery, but whether or not hes willing to go as far as yellen and say, you know what. Im not sure its transitory anymore. I think it may be more persistent factors like globalization, like the like the in a worldwide labor market that were in these days, the inability to raise rages domestically because they are arbitraged globally is a big issue. Steve, the last couple of years they have placed a lot of blame on low inflation on energy costs and they have called those transitory now in the last quarter youve got Energy Prices up over 10 so how do they equate that . This is why to some criticism that i think is unwarranted the fed follow the core Inflation Numbers as the guide to policy its not the guide to what is affecting you at home in your prices, but its how the fed makes policy based on an x food and x energy, taking out the energy distortions that seem to be very persistent. So if there is a belief that inflation will remain lower for maybe forever, that would impact the forecast for fed rate hikes, correct . It would. Goldman sachs came out recently saying five hikes next year. Four. But even four is higher than i think the market expect. Let me show you where the market is tailed, and what youve had is this move up in the twoyear note, and thats resulted in more belief in rate hikes next year. So oh, its powell. Yeah, its powell here we go. 93 chance of a december hike about a 50 chance of that first hike happening in march. By the way, this was 50 in june, so they have pushed that ahead this, idea that that first hike is coming a little earlier, and they have just begun to price in that second hike. There is a gap, folks, between the market and the ned the fed is forecasting three hikes. The market cant quite get its brain around two, but they are starting to get there right now. All right steve, thank you my pleasure have a great holiday. Thanks, steve heres whats coming up on the Halftime Report. Big movers in the blitz including a stock thats left many investors guessing. Plus, the beaten down retailers that may be the best for your Shopping List as we head into the Christmas Season and one analyst going against the grain. Cutting the rating on highflying salesforce on he right and everyone else wrg . The Halftime Report is back in two minutes. Lets get started. Show of hands. Who wants customizable options chains . Ones that make it fast and easy to analyze and take action . How about some of the lowest options fees . Are you raising your hand . Good then its time for power e trade the platform, price and service that gives you the edge you need. Alright one quick game of rock, paper, scissors. 1, 2, 3, go. E trade. The original place to invest online. Time for the trader blitz. Guess samestore sales down 10 , Constant Currency down 11 . You cant have that samestore sales number and have a stock thats going to trade higher. Chesapeake Energy Higher here, joe. All right youre going to get the same answer youve gotten from me the last two years might be higher but that doesnt mean it will be higher over the next month or three months it is clearly a company that is challenge the. The first trade would towel lib on the debt side if you were actually going to step in and do anything. Mallinckrodt catching a downgrade citing a lack of visibility in the growth of the arthritis treatment. Josh yeah. This is like a rolling disaster. Its a favorite target of short sellers. The shorts have been dead right. The stock went down 35 after earnings, and then it gets killed again today i dont know where it stops. I i dont get involved with stuff like this. Staple top topping earnings with the help of the new nintendo gaming console. Shares are spiking. The shortage continues to be monstrous. One of the most heavily shorted stocks out there look, they are breathing their last breaths in my view. This is the same story they will be best buy when the stock was in the 40s and 50s, and it just keeps going lower and lower and pops off massive, you know, Short Covering so i think you sell this take the profits and get out and save your money. Hp shares tumble after Ceo Meg Whitman announces her departure. Kevin . Thats because this manager is leaving to become president or run the hasbro mattel merger, she denies both. Margins and earnings forecast for next year a little soft, competitive space. 7 decline. Lets move on to salesforce after a better than expected quarter and a number of analysts are raising price targets except for rock capital which is cutting it from a neutral to a buy and thats our value of the day. Mostly valuation, is that a smart call here . Valuation calls are very difficult particularly with a company like salesnorse where the appearance is from quarter to quarter they can turn on the Revenue Growth when they want to i disagree with the price target i think the price target should actually be a little higher. 1 to to 125 and they have momentum and is in the space of opportunity. You say dont bet against benioff . Any time you do your money is flying away. Hes done the job. They have alliances across tech spector and across Corporate America and they continue to growth i dont agree with the valuation and i dont own it thats not what they do. If youre a growth player i dont see how you can ignore this stock. What do you think of this stock, jon i like it i think its like at the top of the show, mel, when we talked about tech and so forth, this one has to be at the top of anybodys list as far as stocks to watch, stocks to own. Right now i dont own it im looking at selling some puts at about the 105 strike to basically force myself into it if indeed it dips that low, and if it doesnt ill keep that premium. Dont have a position right here but love the stock. Kevin, im going to go to you and guess what you have to say before you say it. Its too expensive you dont want to be in this stock. Thats not true. I do not own this stock because its very volatile and i will say this. Its as close as you can get to a monopoly in Enterprise Software services. I own dozens if not dozens and dozens of licenses in every company im an investor in these guys hone this space if youre willing to hold your nose on valuation, yeah, you can own this thing forget about the dividend. It doesnt pay you one. It has never sold at a quote, unquote compelling valuation for Value Investors so if thats the thing you look at youve not been in this stock for thousands and thousands of Percentage Points to the upside, so to then all of a sudden come in now and be like, oh, i dont like its p its like youre playing baseball in a football arena i wouldnt Pay Attention to that i would focus on trend and i think its actually going to consolidate here, and i would not be in it right at this moment, but this is one of those names where you want to use broad market selloff and have a very low thats a tall order because we have not had a broad market selloff in forever what is thebiggest decline weve seen you know what, you can get one in january thats what happened in january 2016 have you a drop out of nowhere based on nothing 11 . Stocks like this went down 20 if theres a broad market selloff, this is one of those names that you keep on thely, and to kevins point we used them for our business. We would never look at anyone else. All right john here has seen some unusual activity in material stock and a chip name. See how the option traders see how these moves hand the latest between p g and nelson peltz kevin oleary owns a big position in the stock and see where he stands next on the Halftime Report. Miss the blitz, the call of the day or the unusual activity with the najarian brothers no problem just go to cnbc. Com halftime to see the moves, the trades, who is winning and who is losing plus, breaking news and analysis of all the top stories cnbc. Com halftimereport. There was an old woman who lived in a shoe. She had so many children she had to buy lots of groceries. While she was shopping for organic fruits and veggies, burglars broke into her shoe. They stole her kids Mountain Bikes and tablets along with her new juice press. Luckily the Geico Insurance agency had helped her with Homeowners Insurance. She got full replacement on the stolen goods and started a Mountain Bike juice delivery service. Call geico and see how affordable Homeowners Insurance can be. Call geico i thwell wait. What did you meetthink about her . Its definitely a new idea, but theres no business track record. Well, have you seen her work . No. Is it good . Good . At cognizant, were helping todays leading banks make better lending decisions with new sources of data so, multiply that by her followers, speaking engagements, work experience. Credit history. That more accurately assess a business chances of success. This is a good investment. Shes a good investment. Get ready, because were helping leading companies see it and see it throughwith digital. Welcome back to the Halftime Report. Jon najarian is over at the telestrator with unusual options activity jon, what are you looking at first one is axalta take a look at the stock you can see the big move its made right here. Why, berkshire and others may be considering going after these guys for that reason you have a nice pop again today. 5. 5 well, because of that big jump though, people want to participate but they are a little worried about maybe buying at the top so what are they doing they bought about 6,000 calls at the 37 strike. Why would they do that its 1 35th of what it costs to buy the stock because, again, 35 stock. They paid a buck for those calls. I like that risk reward a lot better another one for you quickly, mel. Give you a twofor that one himax stock made a wonderful pop today. Took off the stock and still in the options and i added to it, and i added to it because of the july 14 calls. They came scrambling in. Bought about 7,000 or 8,000 of them and they continued to buy each more now at the 14 strike for a 14 stock. Again, love the upside thats why im in this one ill be in both of these for probably two weeks. All right thanks for that. Dr. J. Thanks, mel. And now headlines with sue herera. Hello, melissa. Heres whats happening at this hour, everyone in a letter to wisconsin senator Tammy Baldwin the ftc says its now looking into trip advisers Business Practices and whether it intentionally is delieutenant negative reviews, including accounts of rape, at hotels listed on its site that issue was first brought to light by an investigation by the milwaukee journal sentinal. Apple may be poised to release a different phone thats a fraction of the price. According to chinas Economic Daily news, apple will begin selling an iphone se2 that will cost had 50 and aimed at emerging markets thanksgiving travelers are hitting the highways, the airports and the trains in what is expected to be the busiest Holiday Weekend since 2005 so far things are running smoothly with flight aware reporting just 200 flight delays and take a look at this dramatic escape of a north korean soldier footage shows a military jeep racing towards the border and then the soldier leaps from the car. He is shot several times lays motionless against a wall when moments later he is rescued by south korean soldiers a dramatic bid to escape there are those south korean soldiers going in to try and get him to safety. Hes hospitalized trying to recover from his wounds. That is thenews update this hour melissa, ill send it back to you. Sue, thank you, sue herera. The Holiday Shopping season starts one of our trads eris diving hard into one big name. Halftime report is back before you can see pumpkin pie. Feel that . Thats the beat of global markets, the rhythm of the world. But to us, its the pace of tomorrow. With ingenuity, technologies, and markets expertise we create the possible. And when you do that, you dont chase the pace of tomorrow. You set it. Nasdaq. Rewrite tomorrow. These are the top stocks in the retail index during the Holiday Season dating back to 2012 groupon, up 2 group one automotive, dollar general, the childrens place and Burlington Coat factory. The worst performers, guess and big lots now back to melissa lee in for scott wapner and the halftime traders. Welcome back. Consumer discretionary coming off of record lows and with black friday hour away you bought two positions ahead of the holiday. Bought macys and lieuu the stock popped in earnings and guess what they havent come back down so seasonally its a great trade. Historically thats been about a 5 mover if you buy before flack friday into december so im partly playing that. Im so positive on the u. S. Consumer and the economy, i think youll see tons of dough being spent and you may see a 13 increase in spending during the season relatively little risk not worried about macys cutting their difficult dead ill be there. Lulu i love, despite competition allegedly coming off nike. I think its a great, great story, and just i never use their stuff. In terms of the retail trade. Any bargains or is that just too dangerous to look for bargains in this sector at this point well in the brick and more tore space, hes correctly identified it, more for a trade than anything else dont know if youll see more of a secular shift. The play i have is walmart and we talked about that before. Josh highlighted the great acsimpingts i saw a couple of notes. Downgrading Goldman Sachs was one of them. The 100 price target and they took it down to neutral. The thing people are not real el forgetting is the potential to the ecommerce growth. We think about Online Retail sales, happened in the case of walmart you sought growth 40 to 50 . How about the actual growth of ecommerce thats still about 15 of overall Shopping Experience so theres plenty of room for that to grow and it rightfully gets the pe being afforded around 22. How but guys . So i want to play the stronger, healthier more confident consumer i just dont want to take a bet on which retailer is going to figure out ecommerce so the way ive done it is ive got at position in store capital, stor, a reit, and this is the kind of company where they have figured out they dont want bigbox retailers. They want the types of retail that it services, undisruptable by amazon, hairdressers, veterinarians, you know, fitness clubs, things like that, so this is this companiess retailer they have capellas and bass pro shops, looking at a company that figured out how to compete with amazon and doing things like guided tours and hunting, et cetera and fishing, and this is like the way i think you want to play the consumer, not which retailer is going to figure out how much to discount by or what the right door buster is this thing has been working out really well and buffet owns 10 of that. I would rather be in that. Name a brick and mortar retailer. In the battle between nelson peltz and p g. Halftime report is back in two minutes. Dont know if you can hear me, but [monica] whats he doing . [lance] can we get a shot of this cold front, right here. Winter has arrived. Whooo hahaha [vo] progress is an unstoppable force. Brace yourself for the season of audi sales event. 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The client realized, i need to get back into the markets i need to get back on track with my plan. The Financial Advisor was able to work with this client. Hes now on track to retire when hes 65. Having someone coach you through it is really the value of a Financial Advisor. Something we all think about as we head into retirement. Its why Brighthouse Financial is committed to help protect what youve earned and ensure it lasts. Introducing shield annuities, a line of products that allow you to take advantage of growth opportunities. While maintaining a level of protection in down markets. So you can head into retirement with confidence. Talk with your advisor about shield annuities from Brighthouse Financial established by metlife. Welcome back to the Halftime Report. Battle over Procter Gamble continues. The company is now reviewing the results of the proxy vote recount that gave activist investor nelson peltz a seat on the board. Leslie picker has the latest saying its not challenging but reviewing the results. Its all about the words. P gs recision to review and challenge is distracting and wasteful and p g says in a separate statement they have not launched a challenge so the word challenge is being challenged now in essence this is largely about semantics, but whats really going on here . Well, p g announced at its annual meeting in november that it won the approximaty fight by 6 million votes, largely based on electronic ballots only then the independent inspector of elections gave it a closer look and discovered that actually triad had won by 43,000 votes or a margin of. 0016 . That count though was still preliminary. Now, p gs advisers are reviewing the latest count to see it if theres any improprieties that would change the final final results. If there are any flaws, they can then choose to challenge those particular ballots that process is called the snake pit, and it can get pretty messy. The real question here though is what does a margin of. 00016 say . Does it say that p g still has a chance of actually winning this thing and should keep fighting until the war is won, or regardless of the final official tally is the message loud enough that p g should just wave the white flag hand let peltz on the sfwhordant answer, guys. The answer is exactly that. They should wave the right flag and be the bigger person. Surrender leslie, thank you want to go to kevin leery. P g is one of your biggest positions. You will actually bought more. Isnt this a waste of you, the shareholder, your money to review these results and potentially challenge the results when the message seems r i do have a message to my board of directors and ive been a shareholder since before 2015. You know, at the end of the day their fiduciaries for me and work as a shareholder, i speak on behalf of slightly over half of the shareholders, time to stop wasting your time and my money and put the peltz guyen the board, it will be the 12th seat, the single man, listen to what he has to say, he will learn from you also but stop wasting my time and money, put your nose to the grindstone and make me some money this is becoming ridiculous. Im starting to question management now its time to put this behind us. Why did you add to your position because im going to make the assumption that mr. Peltz is going to be on that board by the end of january and bring some adult supervision there to start focusing on what matters, making me money thats what i care about im not interested in any more hanging chad votes done with this thing lets move on. 0. 0016 margin of error. Im with kevin. I agree. With kevin, are they nuts you are nelson peltz willing to come in and work by the way, wint through his slide deck. He happens to nail it, p g is suffering from something every consumer Package Goods company is surg frffering from, consume have a chose, they can buy everything p g does well, from an up and coming brand that only has to put something on instagram to start to build followers. Smaller companies with stories behind them, millennial cat bait and p g has not yet figured it out. I think this has been diagnosed correctly by the activist and thank him for being involved, given what hes done elsewhere all right kevin, were going to say goodbye to you now. Happy thanksgiving thank you. Happy thanksgiving. Youre canadian but everybody celebrates. Take care. lryevin oea thank you. Oil hitting a 2 1 2 year high we will go to the future pits next trust 1 doctor recommended dulcolax. Use dulcolax tablets for gentle dependable relief. Suppositories for relief in minutes. And dulcoease for comfortable relief of hard stools. Dulcolax. Designed for dependable relief. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. And at 4. 95, you can trade with a clear advantage. We need to be ready for my names Scott Strenfel and r im a meteorologist at pg e. We make sure that our crews as well as our customers are prepared to how weather may impact their energy. So every single day were monitoring the weather, and when storm events arise our forecast get crews out ahead of the storm to minimize any outages. During storm season we want our customers to be ready and stay safe. Learn how you can be prepared at pge. Com beprepared. Together, were building a better california. Welcome back to the Halftime Report im Jackie Deangelis we are watching crude oil prices rallying to its highest levels since july of 2015 wti pairing some of the earlier gains trading below 58 a barrel jeff, whats your outlook ahead of next weeks opec meeting . Well youre right, high expectations, eight days away from the november 30th opec meeting. We are seeing high emotion in this tape. Look at the price weve been in from 55 to 58. I think thats resonates that theres optimism we will see production cuts and more pounding of the microphone by opec and nonopec members after november 30th they will focus on the ramco ipo in 2018. Gray is watching the levels we crossed over 58, tested that level today, is 60 in the cards by the year end . It could be jackie, but you know what its been a perfect storm for oil. Product supplies that need to be replenished, opec jawboning it up, weak dollar, but im not buying into this stuffed himself with rhetoric. I dont want to look like a turkey, sell high 58, put a stop above 60, our production in the u. S. Has reached a record. I dont think opec will get other nations to agree to extend the cuts brent is trading 63 so far. The ipo is only for saudi arabia its not for the rest of the members. Its going to be a tough road to plow right there. Jeff and i appreciated your turkey joke. Happy thanksgiving were back wh e ve sitthlihow next tuesday on futures now. Cnbc. Com halftime is back after this. Well, its earnings season once again. Yeah. Lot of Tech Companies are reporting today. And, hows it looking . I dont know. Theres so many opinions out there, its hard to make sense of it all. Well, victor, do you have something for him . Check this out. Td ameritrade aggregates thousands of earnings estimates into a single data point. That way you can keep your eyes on the big picture. Huh. Feel better . Much better. Yeah, me too. Wow, you really did a number on this thing. Sorry about that. Thats alright. I got a box of em. Thousands of opinions. One estimate. The earnings tool from td ameritrade. Thats why a cutting edgeworld. University counts on centurylink to keep their global campus connected. And why a Pro Football Team chose us to deliver fiberenabled broadband to more than 65,000 fans. And why a leading car brand counts on us to keep their Dealer Network streamlined and nimble. Businesses count on communication, and communication counts on centurylink. Building a smarter grid, investing in new technologies, energy is changing fast and were changing with it. Thats aeps road to the future. And the International Brotherhood of electrical workers helped make that happen. The ibews Outstanding Union professionals have the skills and training to get the job done right. Thats good for our customers and for our bottom line. Ibew members are our power professionals. They should be yours as well. Final trades for thanksgiving were going to do trades we are thankful for joe, kick it off. Striker a great trade this year. Thank. For that medtronic that would be my final trade going forward. Cavium. I bought it sold it around 70, bought it back lower and then stock keeps going. I sold a little bit of it in the merger but the stock is up almost 10 since the merger announced. Im thankful that the judge isnt here today i got away with this off green theres 30 seconds left. Im thankful for schwab, buying under 40, that 45, 46, however im a little bit unhappy that i dont own more. This thing is going higher doc im thankful for all of you, for our health i was going to no, no. I was going to do that. Sharing it with you thankful for that. Im thankful fast is my final trade the rebuilding thats going on. That does it for us on the Halftime Report. Happy thanksgiving im thankful power lunch starts right now me too. Im michele carusocabrera heres whats on the menu. Uber hit with a worldwide hack attack tens of millions of users and drivers compromised, elon mus e drivers licenses, hacked. Thats not the worst part of it. Retail wreck, the sector going into the crucial time of the year and remember the big names struggling in this environment a rare exclusive interview with kohls ceo, his stock down 20 are you traveling this thanksgiving youre not alone how its shaping up at the airpts