banks, although they since recovered from the losses, and are now one of the best performing groups. coming up, whether a bank breakup is good for the industry, the economy, investors, joined by independent community bankers of america ceo, cam fine, and the former ceo of wells fargo. caterpillar up 10% over the last month and could rally another 20 from here. coming up, debating whether you should be buying this dow component or selling it right now. but we begin with the old adage as you mentioned, sell in may, go away. referring to the six months strategy from may to september in which markets historically perform worst than the rest of the year. we look how sell in may has really worked out for investors or not so much lately, dom. it all depends on statistics and looking at the overall picture for stocks because there s any number of viewpoints and any number of time frames to look at with regard to whether sell in may and go away actually ends up working, so we as
tech land. first, we start off with the nasdaq hitting a record high, and tech stocks continue their record run. check out the fab five, all these names either at or near their all-time highs. boasting a combined market cap of more than a $2 trillion. the question is simple here, facebook retail and professional traders alike. if you have fresh money to put to work right now, which one of those names is still a buy? guy? valuation you have to go with google, alphabet, whatever they re calling themselves now. that s probably the safest out of them all. if i were to answer the question honestly which is what i typically do, it s tesla. the new slow behind tesla in the last week has been extraordinarily positive. negative news for them doesn t take down the stock. positive news sends it soaring. look for the stock that has the most upside. even ahead of earnings. yes. increasing the gasoline tax, that bodes well for des la. guy s been right on this name. it s got a short
the after hours session near it s ipo price of $17 bucks a share, 17, 18 is the last trade here, pretty much after the after hour session low, we have a lot to unpack here the conference calls are under way with ceo evan siegl at the helm. luke ventures, co-founder gene munster, here on set, julian boorstin is out at headquarters. let s kick it off with you. since you spoke to a snapchat give us the details. reporter: that s right. we are looking at the snap ceo earnings calm evan siegl picked up the calm, the fact that he says they are building a strong foundation for snap s business, take a listen. we are pleased with the early results from his performance and quality improvement, particularly on android devices. these improvements help drive a significant investment with 3 million snaps, generating an increase in overall sessions and time spent. reporter: chief strategy officer con announcing per user is over 30 minutes a day saying they are making progress on the ad
we ll see. i think people were talking about that at the time. yes. we ll do aldi versus walmart. and trade secretary mnuchin in italy to find a way of trillions of dollars in foreign earnings to be brought back to the united states. we have it live from the g7 summit. we begin with macy s crushed on weaker than expected earnings. courtney reagan with more. once again, courtney, retail in a reluctant spotlight today. i know, isn t that the truth. there s no signs of a turn-around for department stores today. almost across the board, macy s shares down 115%. the disappointing results were in line with the expectations. on the call, the cfo said she only expected the first quarter to be the weakest. despite its ninth straight quarter of misses, she is reiterating the full year forecast. she acknowledges the challenges, but financials will improve the rest of the year because the benefits of store closures. the full roll yacht of new shoe and fine jewelry category, and new
they ve been performing. interesting crop. includes avis, carmax, and many others tivo. that was one, wow. other big winners. anyway, largest ransomware attack in interpret history, and looking to protect yourself, a new industry of cyber insurance is booming, and there s a lot of cyber security names which are rallying today. we ll get you details. people discover that etf today. oh, boy. hack is having a day. best day of the year smart right now. meanwhile, charles bronfman has a new memoir about the empire, talking the family business, and his tremendous efforts in philanthropy. we got a lot of great stories to get to with charles bronfman here. playing bernie and ruth madoff, joining us, and why de niro did not meet with bernie in person. michelle did, and i don t want to tell it don t give it away. but de niro did not meet with him, and unclear if madoff will see this, of course, being on hbo. i can t wait. saturday night. that movie on hbo