19,000 for the first time today as well. Yeah. I think context is important here, scott. The russell had actually had the toughest time. A lot of that had to do with the huge earnings revisions downward because of energy and industrial and things of that nature. That is now reversed multiples expanding and weve seen the repair being done to forward looking earnings estimates. I just want to make a broader point, and this is really important. On the s p 500 it is not abnormal to make new highs. Its perfectly normal. Going back to inception, the 1950s, the s p 500 has posted 1,100 new closing highs on 5 of all days were making a new high. People looking at that in and of itself as being a sell signal or knee jerk contrarianism in general could be very expensive here. Its important to understand that this is not whacky. Its perfectly normal. Sell signal hitting these new highs. All four major averages, if you include the russell for the First Time Since 1999 or just a si signal this could keep going rather than a sell signal. That last point is spot on. I think you have to really respect the rotation thats happened in this market since the summertime frame. You have talked about sicyclica. I this i it will continue to do so into at least the end of the year. I think you have chase going on. I think you have no new news from trump in terms of the plans, so well speculate about better growth, better inflation, higher Interest Rates. That all favors the cyclical group. I think that is going to continue at the expense of some of the defensive stocks like Telecom Utilities and, oh, by the way i have some Consumer Staples joining the rally as well. You have a little bit of a broadening out. Industrials hitting a new high. Whats most impressive to you today . Retail performance . By the way, the recovery of growth tech is notable as well. If you say since the bottom of november 14th, if we want to call that the fang bottom, you got facebook up 5. 5 . Amazon up 10 . Netflix 4 . Google, alphabet 5 . Apple up 5. 5 . Three of those i bought on the dip. Said it live on tv that i was buying them. I was selling puts in amazon, facebook, buying call spreads in apple. Those have all worked out. Do you take it all off the table . No, i dont think so. I think that keeps going. Tech is the largest sector in the s p 500 followed by health care and financials. With that boost that were getting, the trump boost that youre talking about, scott, from the Health Care Stocks and from financials, we knew we would get and we were talking about it before the show. Steph, josh, and i, as far as the steel stocks. Theyre such small market caps. Ak steel is 2. 7 billion after a 65 run in the last month. It gets up to theres a scarcity there that i think is underappreciated. People look at the stocks. How could they go up every day . Well, if youre not long them, and you are running money and the year is coming you almost have to pay up for that exposure if, in fact, you want it. Its not ease why i to get. I also think going into the election or into the election day there was a huge amount of cash on the sidelines. You even look at hedge funds, they have the longest or the shortest net exposure youve seen in ten years. There was a lot of cash. The unexpectedness of this election, you did see a massive rotation thats been discussed endlessly, but it also meant in addition to an economy that we already saw rfs recovered in many positive signs, not the least of which housing, unemployment, wage inflation. The promise of fiscal stimulus in addition to the monetary foundation weve had. Super charged this. Money coming out of bonds and going into stocks, which is also the rotation has been happening, but you havent had bond money going into stock money. Its an important point. Thats an excellent point. I was going to ask you, what youre managing their portfolio. What did your allocation look like before election day and what does it look like now that weve had an already sizable trump rally . Well, thats i think always the problem. I think if you arent positioned i think you saw the massive rotation fast money chased to get into the sectors they think that will benefit, and i think some are a little bit overdone in the short run adds happens in this sort of thing. I think longer run you will see more money coming into industrials, into cyclicals, although stephanie just said we dont have any time idea of the timing or the form of any of this. Even when you look at the fiscal stimulus tax cuts. Whats realistic there . Did you put cash to work postelection . I did. I put it in the names in the growth stock names that i have talked about before. The facebooks that got crushed as simply for reasons of taking crash out of those as quickly as you could, and thats where the profits were. We saw that in january of this year, and putting new money into work. Additional players say we do have to change our allocations here. Those tech selloffs, that was a gift into the end of the year. That was santa claus. That took amazon down to 7. 11 or where it bottomed out at . It those were all gifs. I dont think you trade out of those, though. I think you hold them. In particular if you can write something against them, thats a great idea. Is that the best tell that fresh money was come into the market . When you said those stocks were going down, we said it was a sign that maybe money was rotating out of those names into one of the underserved areas. That was their back rallying. But you want to see this give and take when you are just below new highs about to brake out. You want to see other areas of the market that havent gotten a lot of attention over the last couple of years start to get flows. You want to see the 52week high list broadening out. You are seeing that money going to passive products, which means its really being spread out across a lot of Different Industries and a lot of stocks that typically get ignored by active managers. What did jeff see . Jeff gundlach, he said well get to 250, and maybe thats as far as we go. We got up to that resistance and stabilized. Were pulling back. I wont be surprised to see us be closer to a two hand than two and a half early in the next year. What about the notion that if consumers were allegedly spending on experiences more than in stores, says if you think were going to get a tax cut of some sort fairly quickly in the new Trump Administration, what do Retail Stocks just pure Retail Stocks do nay year where some of them have already had a pretty good go of it . Urban outfitters up 68 year to dpat. American eagle up nicely. Groupon up nicely. Dollar tree. The Dollar Stores. Some are specific stories for today. Signet and some of the other names. Is there new life in some of the pure retailers . You are talking about tax cuts and also higher Interest Rates. The two will cancel out each other, i think, but that said, better jobs, better wages. You think rising rates will keep people from going to the mall, though . I think it will keep them selective. Unless we see wage growth. We have 2. 6 growth in wages. Thats nothing to write home about. Sure is a heck of a lot better than its been the last couple of years. That continues to go higher. Then i think the consumer can, in fact, do well. You mention a whole bunch of stocks that have done well. Guess what hasnt done well. The department stores. The Traditional Department stores. We all thought it was the amazon effect. You know i like amazon, but i also Like Department stores. Theyve done pretty darn good in cutting costs. Do they get a comeback boost here . I think they do because valuations are so attractive. Lets throw out macys. Macys is up 25 yeartodate. But it got crushed it could have been a stealth move. I think stephanie i think theres enough there thats still attractive especially since they have the real estate angle too. You could pick your pockets in department stores. I just want to add that i think stephanie is right that the rising wage situation is more important than the tax cut. Not just for these stocks, but just overall. A lot of the tax cut money is going to people that actually dont need to spend it. Theyre already covered with spending, and actually thats one of the biggest problems weve had with these massive tax cuts is that you dont necessarily lead to velocity of money. They dont necessarily make their way around the economy. A wage hike for the bottom twothirds of americans absolutely does make its way around the economy because thats money thaes been overdue and people need to spend it. Does this keep going postthanksgiving . Does the trump rally keep going postthanksgiving . Theres a reality check. Maybe were too overbought. I cant stick with the retailers. The rally i was. The rally. The retailers, its always, you know, buy in labor day time frame, sell in black friday time frame. Were coming up on that time. Im saying its long in the tooth. You have to get through opec and the italian referendum, i think. Bank . Zblie think the fed we all expect is going to do something. Let me give you the data on that question. I think thats a lot for the market to get through. Six months out you are up an average of 3. 9 on the s p, and thats versus all other days where you are only up an average of 3. 6 . If you do that for the 12month, you are up 7. 8 versus 7. 5. New highs looking out six months, a year. You are actually in better shape than on all other days. This is a trending market. Its a market that is probably looking at a lot of money potentially coming out of bonds and going into stocks. Even when you are talking about the department stores, the money has to go somewhere, and you wont go after necessarily the high flyers, except we were given gifts awe few weeks ago with the facebooks of the world. You are looking for the undervalued sectors. The ones that are 12 p. E. All the cash has to come in, and small caps, thats been one big area, and that also is a risk. We had something on the screen that talked about crude and energy and where some of the stocks, you know, have gone since election day. What role does crude and energy play in the overall market discussion about where we think it can go or not . If it got off and ran to the up side, thats a bad thing. We get off and run crude going to 50 is a bad thing . And through 50. And i know that is what jeff curry was talking about yesterday, scott. What do i think is more likely . You put this many men i dont think any women in that particular room in opec, but you put that many men in a room, theres no way theyre all going to agree on something. I think its another broken promise and the are you saying opec is not socially liberal . Thats what im saying. What pz if crude does get above 50 . If it gets above and just holds, no it gets there and holds, its fine. Jeff curry from goldman yesterday was saying 50 to 55. Thats his case. What he is hoping is that they can take it into backwardation where that doesnt let the shale producers come online because they cant hedge out into the future. The spot is higher than the futures. I dont think they get there. I dont think its sustainable. That was jeffs case yesterday. Zpa maybe the dollar if it continues to ride depresses kmod if ity prices as well. Are we worried about the dollar today . I worry about the dollar every day. Absolutely i do. Thats certainly a headwind that i wasnt considering even a couple of months ago. One of the things that i thought about over the summer when the dollar was continuing to slide was that it was going to be a nice tail wind to earnings. Now you have to have better growth to offset a higher dollar. A lot of the thats the whole pushpull. A lot of the worry about the dollar before is it was going up and it was going up with hut muted growth. If you get growth, people arpt going to be worried about the dollar so much where. The offset is that it will help to depress inflation, which Interest Rates arent going to continue to climb, and thats also a worry. You know, its pros and cons. Good stuff. Were just getting started. Whats coming up on the Halftime Report . Like the financials. One analyst who rates their bonds as waving the caution flag. See why next. And a big call on the auto sectors. Calling for a change in direction. Let halftime be about your road map. Scott wapner and the gang will be back in a flash. One of millin this companys servers. Accessible by thousands of suppliers and employees globally. But with Cyber Threats on the rise, marys data could be under attack. With the help of at t, and security that senses and mitigates Cyber Threats, their Critical Data is safer than ever. Giving them the agility to be open secure. Because no one knows like at t. Chris kbhalen joins us live from new york city. Chris, welcome back. Thanks. Happy turkey day. Likewise. What do you make of it is runs weve had on the banks . Weve had an amazing reversal. For years now banks have been managing in a falling rate environment. Kind of in june when treasuries bottomed, they were thinking about a flat curve, but the fed raising bench marks and between the end of october and now really youve seen exactly the opposite. Curves steepening, spreads widening. The good news is if you are a bank or a nonbank in the mortgage business, you make money this quarter on your market. Servicing rights. You may lose money on the hedge, which is exactly the opposite of what we had all year. Sure, but the environment is clearly better for the banks today and expected to get even better assuming mr. Trump puts through what he says he will. No . Thats the sell side message, scott. Those low coupons are extremely volatile. Theyre not the same as a coupon with a six or seven handle, so you have a lot of people in the street that have had this extremely benign environment. Almost like an induced coma here at the federal open market committee, and now they have to manage real rate risk. You know what im saying . Its a very big reversal. You were a sell cider at one point, right . Why are you throwing shade on your peeps . They repriced to earnings very slowly. Me make money on commercial loans. A lot less money on Mortgage Loans because of the heavy degree of subsidies here uncle sam. Repricing those assets is going to take months and really years. What are you saying . Are you saying to fade the rally then . No. Im saying dont be surprised if you see surprises in q4 earnings. You could see significant losses unavailable for sale securities. Youre going to look for those in changes in Equity Capital which will tell you the magnitude of the duration hit that some banks have taken. If they were light on the hedge, that means the hedge loss will exceed the gains on things like Mortgage Servicing rights, and, again, you could have surprises in the fourth quarter. You know, we have forgotten things like longterm Capital Management and all the lessons of the 1990s when extending duration and things like Mortgage Backed securities conventionity really bit a lot of people quite badly, and thats the point im trying to make. Which banks are the least hedged . Well, the larger banks tend to face the markets about 5050 versus core deposits. Your smaller banks, theyre core funded. They dont have nearly as much market exposure to what were talking about spread expansion that sort of thing. The nonbanks too. Remember, it was a bloodbath. Early in the year. The hits were taken. Msrs. Thats going to change now. I think youre going to see a gain as the average life of mortgages extends. Prepayments are going to fall. People like quicken, for example, who have been very active in the refinance market are going to see that market dry up. People who have been focused on that business are going to have to find someone else to do. One of the reasons that jamie diment offered to stay is because he sees the up side in this looser environment. Versus the dog fight that he has had for the last eight years almost now. Well, i dont know why what jamie is thinking. Im glad he is going to stay, apparently. Two thing. Regulation is clearly headed in the right direction after years of punitive punishment from washington. Sure, margins are going to expand. Its just going to take time. Were going to have to be a little more patient. The street assumes when we see a change in the direction of rates, happy days are here again. Remember, the average life of a big bank balance sheet, somewhere between four and five years, that means theyre rolling 20 assets a year, and repricing them. We have a chart and a report we put out yesterday that shows that the benefit of low rates for leveraged players like banks and nonbanks too has been diminishing over the last few years. How much do you really expect dodd frank to change if at all . I this i that jeb will try to pass a choice act. We wrote that a couple of weeks ago. That has a lot of small things in it that come lattiveumulativ could be important for financials. Just having a republican in the white house and ending the spanish inquisition of the Consumer FinanceProtection Bureau is going to be a big, big lift for the mortgage market. That said, volumes will be done do down next year. Were having a great year. Two trillion probably in total originations. About half next year purchases will still be there, but refi volumes could easily get cut in half in the mortgage space. Hey, chris. What about returns . Return on tangible equity. Has been coming down dramatically over the last several years. Are we about to embark on that being a change . I think last quarter we saw actually goldman and morgan see a little bit better rotes and soive i im kind of curious. What does that mean for profitability . Well, theres a longterm secular issue here, stephanie, which is that the fed has been using low rates to goose employment, to goose consumer activity, and thats had a very affect on earnings. One of the things we highlighted in the report we put out is that the earning asset is only 10 . It used to be a full point. Ewe taken a quarter of a point out of bank earning assets over the last 30 years. Getting back is going to mean that we need to see Interest Rates go up to 5 , 6 . Thats not going to happen in the near term. I think that, yes, were headed in the right direction. Its that rates are so low, skps you have these portfolios that are filled with 2, 2. 5, 3 coupons. Its going to take time to get more carry back in the system. Frankly, ill tell you, from a macroperspective, weve got to do this. You cannot kill all of the institutions that are basically savers where individual pensions, banks, they all die if you keep rates too low. Well talk to you soon. Thanks for coming on. Appreciate it. Good holiday, guys. Likewise. Chris whalen joining us today. On the list of new 52week highs today, bank of america, bb t, citizens financial, coamerica, schwab, u. S. Bank corps. Its yes, bank of america is on the list, but there are a lot of non big guys. Money centers and regionals and you can throw in the regionals. Theyve connicely too. They have all done very nicely. They were under owned. Now youre just starting to get a reallocation. I still think theyre under owned and theres a lot of nonbelievers. Better value in the regionals or the big banks . Probably the big banks are actually cheaper. Depends on your call on rates. If you think rates continue to move, i mean, yol i just think the whole group will continue to go higher. That said, i would not chase it right here. I would wait for a little bit of a pullback. Theyve had a heck of a run, and theyre cheap, but theyre not as cheap as they once were. It was data out of bank of america, Merrill Lynchs group that looked at the flows. They said last week it was really hedge funds buying the financials and private clients were net sellers even into that huge rally. I dont know that the world is convinced that these are going to keep working out. If you are bullish, you want to see that skepticism. You dont want to see everyone buying all in one shot. Let them keep selling these names are working higher. We were aggressively selling calls, scott. Pete. Virtually all of my banks got called out of my personal account because of this. As far as pete, he is still long bank america, merrill, and stuff like that. The buying activity has been so frenzied, though, to your guys point, that i think that is smart to override it. In other words, sell calls hard against assets that you had. I agree. I dont think its a time to chase. I think as we talked about earlier, we dont know the structure. We dont know what the Trump Administration will do. We dont know how high Interest Rates will go. I think he has 60 votes to block any changes to dodd frank. Well see. Between now and the end of the year i think they work. The week before they report earnings, people reassess. I know i will. A hot quarter for campbells soup. Dr. Pepper and snapple expand. The blitz is coming up next. Plus, Pete Najarian joins the desk. He sees unusual activity today telling investors now is their chance to buy into an industrial name thats ready to rise. Is happening before our eyes. Shift in Human History mary buys a little lamb. Opun sixty to seventy Million People are moving to cities every year. At pgim we help investors see the implications of long term megatrends like the prime time of urban expansion, pinpointing opportunities to capture alpha in real estate, infrastructure and emerging markets. Partner with pgim the Global Investment management businesses of prudential. Guyhey nicole, happening here . This is my new alert system for whenever anything happens in the market. Kids a natural. But thinkorswim already lets you create custom alerts for all the things that are important to you. Shhh. Alerts on anything at all . Not only that, you can act on that opportunity with just one tap right from the alert. Wow, i guess we dont need the kid anymore. Custom alerts on thinkorswim. Only at td ameritrade. [and her new business i do, to jeanetgo. Jeanette was excellent at marrying people. But had trouble getting paid. Not a good time, jeanette. Even worse. Now im uncomfortable. But heres the good news, jeanette got quickbooks. Send that invoice, jeanette. Looks like they viewed it. And, tada paid twice as fast. Oh, shes an efficient officiant. Way to grow, jeanette. Get paid twice as fast. Visit quickbooksdotcom. Berenberg general motors, ford all called a sell stoed at that firm. Weve made it our call of the dah i. Peter najarian calling it live from minneapolis. What do you make of this call . Really only one name, and thats goodyear getting some love. Everything else is get rid of. Yeah. The interesting thing is good year is not exactly cheap, scott, although i do like this name. I think theyre right. Its sitting right in the middle of the chart. When you look at the support levels of the 50 and the 100 and 200 day, i think you can nabbed why this company has some up side, i think, from here. Sitting there right around 30 a share. You have a 36 price target out there. You know, the cash flows are incredible. This is a very capital intensive business. A lot of those cash flows going right back into the business. I think that this is the with unthat i would actually hold if i was going to get involved because i do think theres an up side. I think with gm, when theyve got that sell rating on there, scott and ford for that matter. Do you disagree with these calls . On ford and g mrm to sell . I disagree with the sell side and heres why. On a chart basis, however you want to look at this right now, its holding on to some of the gains. Trading around 33 a share. Its right in the middle of the range. I dont really see some huge upside or down side right now. Im not seeing upside. I dont think its a sell. I think this name is a hold. You get it nice dividend yield. I think when you look at the cash flows and so forth, fundamentally i like what these Companies Look like. I just dont see the growth in ford or gm in terms of do you want to buy them . You think its going higher . I dont think youre going to see that. I think its a hold. What about unusual activity you have today, pete . Well, im looking at ball corp. This is an interesting name. We dont see that name come up a lot. Every once in a while, this is one of the industrial type names. Its into packaging. They also have aerospace exposure. Stock was trading around 75. 50, 75. 70. They were buying aggressively. 2,500 much the february 77. 50 calls. They were trading for 2. 55. When i see that in a name like this that we dont see paper often, i think thats really interesting. It looks like to me somebody thinks theres upside. I not only think theres upside, but i bought the stock and calls today as well, and im probably going to be in here for at least a couple of months. They went out to february. I think ive got some time on my hands. I like where they are positioned right now in the industry. It was 82 just a couple of weeks ago. I mean, so, pete, thats why i jumped on it with you. I didnt know you would be talking about ball corp. I didnt look at when they said industrials, i wasnt think this would be the name. Im in this one today too for the exact same reason. A 7 pullback, judge, down to 75 from 82, its not asking a lot for it to get unusual activity for today . I have a different one. What do you have . Delta airlines, dal. Strong up side call buying in this one. December 49. 50 calls. Over 11,000 of these accumulated rapidly. I was just discussing with barbara that they came in for these in a hurry, scott. Imperial capital upgraded the stock today. Citi was a couple of days earlier, and buffett was last week when he said that he bough. Im also long american airlines. Are you in delta . You know what, scott, i was actually in a lot of those airlines. Im really limited now. I had some great gains. I decided take them off. No, im not in delta right now. You got out before the buffett bounce . Yeah. I missed some of that buffett bounce. It was right around in that time frame. I didnt get the wonderful ride that a lot of people did. They were already starting to come back, and that actually just added a little more fuel to the fire. At least your guys tried to figure out how to win a Football Game yesterday. Thank god. Or sunday. Golden gophers won. Vikings won. It was a golden day in minnesota. The vikings played well. They absolutely crushed arizona in the second half. Curt cousins looked pretty good too, scott. Ill say so. Pete, well see you back here soon. All right, man. More peeks coming up. Also ahead, paulto althougho sinking Revenue Growth at the slowest pace since its ipo. Somebody on this desk is buying today. See what the trader says and why its a good play. Stocks hitting alltime highs. Weve mentioned some of them. Take a look at the list. Darden, fedex, ups, ross, discover financial. Halftime report is back in two. Come on, wake up come on, why ya sleepin . Come on what time is it . Its go time. Come on. Lets go, lets go, lets go. Woooo hoooo yeah i feel like i went to bed an hour ago. Ill make the cocoa. Get a great offer on the car of your grownup dreams at the mercedesbenz winter event. Its the look on their faces that make it all worthwhile. Thank you santa now lease the 2017 c300 for 389 a month at your local mercedesbenz dealer. Were drowning in information. Where, in all of this, is the stuff that matters . The stakes are so high, your finances, your future. How do you solve this . You dont. You partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. Morgan stanley. And i am a senior Public Safety my namspecialist for pg e. My job is to help educate our First Responders on how to deal with natural gas and electric emergencies. Everyday when we go to work we want everyone to work safely and come home safely. I live right here in auburn, i absolutely love this community. Once i moved here i didnt want to live anywhere else. I love that people in this community are willing to come together to make a difference for other peoples lives. Together, were building a better california. The Dow Jones Industrials now at 18,978 and did cross over 19,000 for the first time. A little earlier. The s p has gone negative by a fraction. Theres the nasdaq hanging on positive. Russell, by the way, is going for its 13th straight gain. That would be the best since 1996, and it is in positive territory right now. Sue herrera has the latest headlines. Hi, sue. Hi, scott. Heres whats happening this hour, everybody. Another busy day of meetings for president elect donald trump. He is sitting down with journalist from the New York Times as well as Vice President elect mike pence and dr. Ben carson. Trump then heads to florida this afternoon to celebrate the thanksgiving holiday. A new study says high Blood Pressure in kids is going undiagnosed and undertreated. 400,000 kids were looked at with abnormal Blood Pressure and found just 6 were being treated for hyper tension. Central america is bracing for a rare november hurricane. Tropical storm otto is gaining strength as it moves through the caribbean and is expected to become a hurricane tonight. That storm will make landfall on thursday in either nicaragua or costa rica. And take a look at this hail mary shot from behind half court by goldin state warrior steph curry in last nights game against the indiana pacers. Curry drained the 75foot threepointer after the clock expired for the first half. And currys team did go on to win the game. Dollar tree shares are soaring after better than expected earnings and upbeat guidance. Is there more room to run . Thats ahead in our blitz. First, Brian Sullivan has a look at whats coming up on power lunch. Hey, scott thanks very much. Too far too fast. Does this record rally have any real legs . What to do with your money right now. Trump, trade, energy. That is billion dollar buyer tillmans hot points. He will join us for both hours. He has, as always, a lot to say. Maybe even something about college football. And is am zplon about to break up with the bundle and bet big on sports . Were going to find out with the Halftime Report back right after this. Attention are you eligible for medicare . The medicare enrollment deadline is just a few weeks away. Changes to medicare plans could impact your healthcare costs. 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Stock opens up and holds the big 4 . Like you say, beat by 5 . Pepp pepperidge farm. Always keep your eye on the cookie. What about the beverage . Dr. Pepper, snapple buying buy brands for 1. 7 billion. Josh. The street seems to like it. The stock has been rebounding along with the staples over the last two days. This thing is still locked in a little bit of a down trend. Looks like its for sale on almost every rally. If you are long this name, you got a little bit of a bailout. A shoutout to our guy rohan. Came on the show a couple of times. Investor in buy brands. Im sure he is going to do okay. Standard poors revising cat pillar as outlook to negative. Steph, you own it. Like it. I own it. I dont think its a big deal. This is very much backward looking. We are in the process a seeing in the mining area. Not just on energy, but mining after the we are getting good data points. Yielding 4 . Still very attractive. Medtronic missed on the top line cut guidance as well. You own the stock . Yep, i own the stock, and i am buying it here. Its a onetime miss. It seems theres a bit of a delay in the holdoff in buying products because new products are being introduced. This is one of the leaders in the tech space. Big pipeline with three potentially new markets they could dominate. We mentioned some of the Dollar Stores doing well today, and dollar tree is soaring on better than expected earnings. Good guidance as well. Pete, this is yours. Up 10 . Right. And strong profits, scott. Its expense controls. That really was what stood out to me because the sales actually slipped a little bit, but they dont seem to be focussing on that. Theyre looking at this stock in terms of what they actually just produced on those profits. The expense control is obviously a big factor there. When you look at it right now, scott, this stock trades at an incredibly high multiple. I dont think you want to chase this name. I think there are other discounters you would rather be in. They are taking some share from walmart right now, which is something i think needs to be taken into account, but i think i would rather look at ross. I would rather look at tjs and other discounters right now because the multiple has just gotten too high. Are we going to see you before thanksgiving, pete . I might see you tomorrow, man, but it might be from here. If so, ill wish you a happy thanksgiving tomorrow. Thanks for coming on today. Thanks, man. Tech, Consumer Staples, and health care. The stocks stephanie says are a buy right now in those three sectors. First, the dow 30 map. Lets take a look there. Verizon, home depot leading the way. Were back in two. They may want the latest products and services, but they demand the best shopping experiences. Theyre your customers. And by blending physical with digital, cognizant is helping 8 of the 10 largest u. S. Retailers meet their demands with more responsive retail models. Ones that transcend channels and locations, anticipate expectations. Creating new ways to engage at every imaginable touchpoint. Its a new day in retail, and together, were building the store of the future. Digital works for retail. Lets talk about how digital works for your business. Fixodent plus adhesives. Theres a denture adhesive that holds strong until evening. Just one application gives you superior hold even at the end of the day fixodent. Strong more like natural teeth. Investors have been fleeing bonds the fastest weekly rate in three years, according to deutsche bank. For more lets go to jackie deangeles and the futures now crew at the nymex. Good afternoon to you, scott. Its been a brutal few weeks when it comes to bonds, although it does seem that the breakdown is seeing a little bit of relief today. Scott nations, does the postelection selloff appear to be over in your eyes . It does for a little while. I actually think that what we have seen over the last few weeks is good news. Someone once said congratulations. Youre normal. It means our economy is now normal. Gdp growing at 2. 9 after growing at 1. 4 . Were seeing inflation. That means that were back to normal. Were no longer just recovering from what happened in 2008. Jeff, lets talk about the key levels to watch, and are you a buyer or seller right now . Im still a seller. 2. 42 in the tenyear. Thats what were looking for this technical target. Lets remember, we have a lot of expectations on growth and inflation. Thats what scott talked about. This is a bond market crash. We saw the move, and 171, up to 235. This is a move and foreign central bankers are liquidating. I dont think this passes us over. This is a pause. More selling coming. For more poouts futures now head to the website, cnbc. Com. 1 being p. M. We have the show today. Were not only talking to peter schiff, but we have helima croft and shell tell you what shes expecting from opec next week. Changing gears, shares of Palo Alto Network are syncing today. That after the Company Reported the slowest Revenue Growth rate since going public. You bought it today. I did. I mean, i think that the expectations were really high headed into the print. It was up 30 from the summer lows. They had to beat and raise, and they just beat a little bit on the bottom line. Missed on revenues. A lot of the reason they said that think missed was because deal slippage, and on the call they said that they actually closed. Those that slipped, half of those deals. At least already you feel better about the ongoing quarter. Margins were fine. No discounting at all in the products, which i think is really important. Subscription revenue up 65 . Thats 30 of their revenue. Not a perfect quarter. I can find pockets that are still very dpood. Theyre gaining market share. I think the valuation 11 times Free Cash Flow is pretty attractive. Barbara. I cant argue with that. I mean, i have been in long longterm holder of the stock, and i would be buying it here. I see it as a onetime miss. A company like this as theyre getting bigger and getting bigger contracts, its going to be lumpy, and stephanie is right that already theyve closed half of that in this, and also lets remember, they are a beneficiary of two key of two key secular trends. One is this increasing need for security and they are best in class in that. And, two, that more chief investment officers want to use one vendor and that is what they have innovated and they offer a platform. I think it is a great buying opportunity. The bears would say that this is a company that is highly reliant on a handful of companies for a huge percentage of the revenue. At least that was the case. Has that changed . Gotten better since coming public . They have 35,000 customers, they signed 1500 in their backlog this quarter alone, so top ten is not as important. It is big, but not as important. I think more important is that they have a platform versus other Companies Competitors that have products. So the trends are exactly what barbara just said, the cios dont want to go to five, six, ten different vendors. It is expensive and not very Cost Effective or productive. It takes times. As the contracts get bigger and bigger, takes them longer to sign. I think sure you can make a bearish case the stock had a nice run and the group sells off a bit. This is the number one player. I can get a number one player in the industry with 22 a share in cash, great management team, great off its all time or 52week high. It is pretty attractive, i think, at this level. Technically it is finding support right where it should, but 200 day looks like it will be a battleground, thats exactly where the buyers should come in. And it happened. I would watch for the close today, take a look at what that candle looks like. If you get a hammer here, it could be a green light for the technically inclined. He had me at hammer. But actually, steph had me when she said she bought it because i was buying fire eye on the damage done by palo alto and the fall. I bought fire eye. Put on some spreads in there and then i bought palo alto because of steph and because of barbara. When i heard both of them had it, i had to. What a guy. Youre buying pinnacle . I dont really like staples. It is a Consumer Staples company. But a special situation story. They made an acquisition of boulder, a couple of quarters ago, thats actually being intergrinte integrated very nicely. They have a new team focused on margins, below the industry average, good Restructuring Plan to get the margins back up. I think theyre looking for m a or maybe taken out. Conagra and pinnacle both talking the same theme, frozen food and making it healthier again. I think they combined or they go it alone and the growth improve and the stock is a lot higher. Another area getting a lot of talk because of the new president elect, and what could happen with obamacare and humana. You bought it or you already owned it . I bought more today. I owned a little bit of humana. I just think that the hmos, they act so much better than any other category in health care. Thats because there is a story. M a, consolidation, with humana, if aetna does not buy them, i think it is a good chance it goes through, if they dont, i think Medicare Advantage works better under the republican leadership, number one. Number two, i think margins have room to move higher even on flat enrollment growth. Im taking a chance that this deal does get through. If it doesnt, i still like it. Just about three hours to go until the close. Look at the s p 500 sectors now before we take a quick break. There you go. Telecom real estate discretionary at the top. Energy, the aforementioned health care at the bottom. Final trades next. Im only in my 60s. Ive got a nice long life ahead. Big plans. So when i found out medicare doesnt pay all my medical expenses, i got a Medicare Supplement insurance plan. [ male announcer ] if youre eligible for medicare, you may know it only covers about 80 of your part b medical expenses. The rest is up to you. Call now and find out about an aarp Medicare Supplement insurance plan, insured by unitedhealthcare insurance company. Like all standardized Medicare Supplement insurance plans, it could save you in outofpocket medical costs. Call now to request your free decision guide. Ive been with my doctor for 12 years. Now i know ill be able to stick with him. [ male announcer ] youll be able to visit any doctor or hospital that accepts medicare patients. Plus, there are no networks, and virtually no referrals needed. See why millions of people have already enrolled in the only Medicare Supplement insurance plans endorsed by aarp. Dont wait. Call now. Markets going to close in about three hours. I want to focus on the new 52week highs. Some we have already touched when it comes to the financials. Top of the list, darden, all time high, back to the ipo in 1995. Foot locker, since september of 15. Many on the list. What about darden . Are the restaurants going to get a new life after being we talked about a restaurant recession. If you build a lot of infrastructure, you need carbs. No way around it, scott. Believe me. Ross stores . Halliburton . Ross stores nailed it. Their Comp Store Sales were 200 basis points than tjx. They did a good job. They have more u. S. Exposure than tj which has more exposure in europe. This is the one. I dont know if you chase it here. But it is one that if it pulls back one you buy. Halliburton, we talked about the permian basis, where they have a trillion dollars worth of crude down there and thats at todays prices. You project that out, i think baker hughes, chevron, halliburton all work. Is foot locker now the premiere way to play athletics . It is the footwear, apparel . It is the way that gives you the least amount of risk in terms of who is going to be the hot player or what is going to be the must have product because to johns point, they sell it all. I think thats been born out by the way the stock has performed, versus the companies that are actually making the gear. Ive got deere and its highest level since august of 15. Still long. Going higher. Fedex at the highest level since the ipo in 78. Thats right. U. P. S. Too. U. P. S. Is the ipo in 99. Those have been ripping. We mentioned some of the airlines with the unusual activity in delta. There is united continental, highest level since march of 15. Norfolk southern the semiindex is a ream of new 52week highs alltime highs. What stands out to you today . A lot of stocks in a lot of different sectors in what has become a broadbased rally . I think it continues to be broadbased. A lot of money has to be put to work. The transports, fedex, the ones you mentioned, good reason for that in terms of pickup and business. Final trades, steph, you first. Barb mentioned medtronnic, usually i jump all over that. My concern is youre seeing big flows out of devices. These were the winners in health care. Im taking some off. I dont know im taking some off in baxter. I wanted to mention during the auto segment, ill mention it now, snap on sna is the ticker, this is the single best looking chart in the space. They make tools for auto garages. Nobody knows about this name. But they know the companys products. 10 billion market cap, 16 times forward this is making new highs and it is about to break out and i think a big winner from here. A nonperformer over the last year. Coming back toward the old highs and will get through this time. Jon najarian. Synchrony financials, pulled back a little bit. I like the upside, big call buying at the 34 strike, i like it. What do you got . Facebook. A favorite of mine, off its what is the Ticker Symbol on that one . Not exactly undiscovered. But it is well off its high. It has such a long runway here. Good stuff. Happy thanksgiving, everyone. Happy thanksgiving. Another day tomorrow. I dont. Power starts right now. Scott, thank you very much. Tyler mathisen here, power lunch begins right now. Market milestones topping your menu. Record falling on wall street, all day long, so what should you do with your money right now . Nearly a trillion dollars worth of Investment Advice coming your way straight ahead. Donald trump taking on trade and regulation. But is it putting him at odds with his own party . And the interest of big business . Does he care . And is amazon about to break up the bundle by betting big money and they have got big money on live