Record stock rally off to the best start, best yearly start in more than a decade. Apple addicts, billionaire share hoerlds urging the iphone maker to take action against the long term consequences of childrens smartphone overuse. Nvidia saes big bet on autonomous driving, teaming up with vw. The best start to a year since 06, closing the week at record highs and s p and nasdaq turning in the best week since december of 2016 and the street now beginning to look ahead to earnings season wells fargo coming out with results later in the week well get Inflation Numbers and retail sales and citi and Media Conference and Morgan Health care conference. You mentioned nvidia and wong going down to consumer conference tomorrow. Whats happening is an interesting opportunity, the futures are down for once. People can get in provided that the stocks themselves dont go up im talking about caterpillar, United Technologies and nvidia, they are ramping, maybe let them come in and get a chance the research is so everwemiovery positive other than someone coming out midday, this is all much ado about nothing, what we knew. We knew earnings would come up david, you have a fresh look you were away last week any skepticism here . Sure theres skepticism as you might expect and might rightly about the case, people sending around a few letters and i dont typically read the hedge funds letters with as much vig or as i was able to and sitting on the beach not that you want to spend all of your time doing that but there is jim people who believe were in the last leg here, thats sort the blowoff that was getting steam last week and what his names letters and couple of others. And my friend ken fisher who does a lot of money, wealthy individuals, saying listen, this quarter could be the blowoff focus on europe because europe hasnt had the blowoff yet. We are a little euphoric that said, when you speak to people as i did this morning, they are more focused on wh announcements will we get about the benefits they are going to near term from tax reform. And cash tax benefit and in excess of 200 million for fiscal year 18, talked about adjusted diluted net earnings better share of 30 to 35 cents. Those could have an impact off the bat and thats what people are last week walgreens reported and heres a onetwo punch they reported the number was okay but and the stock didnt do much but now youre going to get the cvs effect they did really great last week. Coles, not only were the numbers the comp sales much better but this domestic, it is still not in. Its going to cut both ways, lulu raises the guide but talks about tax liabilities because of forced repatriation and its going to make not only the earnings but guidance cloudy. The good news about l ulu, they are based in canada, in the end a lot of people were betting on a short fall for lulu they did not pan out they had a Great Holiday season. A lot of companies had a Great Holiday season. To the point you were making, see what we get out of jp morgan or ces, the jp Morgan Health care is an enormous conference its hard to overstate how many people attend that gathering. Youre so right and youll see if we get major news out of it but certainly there will be news. Celgene making that acquisition. Yes. That helps them. Private company but a large an awful lot of money for that company too 7 billion. Kroens disease current trial didnt do well, they need to have an iron in the fire but this is the kind of thing that comes out of this conference i think that people dont realize the conferences are playing a major role people are listening to the numbers and saying, wow, that didnt usually happen. Look, theres what do you do when youve got these situations where youve got a stock like kohls moved up 15 points from the bottom and turned out to be not enough. Is that overdone, up 8 i dont know. Im sort of surprised at the numbers. Thats the dynamic behind the caterpillar upgrade, we missed most of the run last year and still upside because of immediate expensing and the tax effect and the beginning of what she calls a 10year cycle in the resource business. It takes your breath away i remember when no one thought caterpillar could ever ever go back over 110. The Goldman Sachs downgrade a couple of years ago they thought that went to sell it and with the stock thinking it would go to 60. Had they said 160, could have been a home run, could have been a quarter pass. Is that sometimes though a sign that were nearing a top when you see the analysts playing catch up the target is 200 on cap. Geez, i know, it takes your breath away, you can still recommend stocks aappear and have it right. The depreciation, thats an accounting change that people didnt expect. One year so it pays to buy caterpillar equipment. Theres a change in the law that directly benefits them lets accept the fact that the law changed and it was positive. I think thats really important. Ive got a couple of stories regarding apple today. Two major apple investors calling out the company saying it must take a stronger stance on the Mental Health effects of excessive smartphone use, especially in children and teenagers. Jana partners control nearly 2 billion in combined stock and in an open letter the company under the headline think differently about your kids, Companies Say apple can play a defining role in signaling to the industry that paying special attention to the health and development of the next generation is Good Business and right thing to do shares under some selling pressure in the premarket. Theres a lot of other headlines affecting the company. Some involving users of the echo, using their smart phone less, surveys like that. Interesting things for a number of different things, social Impact Investing, maybe something that we hear a bit more about there have been attempts at it a few years back and may recall black rock gave it a shot and in europe its had a lot more currency than it has had in the u. S. Barry rosenstein often times we speak about the Successful Hedge Fund managers, many times their success is rooted in the ability to meet an unmet need in the marketplace, more so than their actual ability to pick stocks or do an incredible job for garnering returns for the holders and certainly mr. Rosenstein is always been able to position his business in an appropriate way. So i think it is interesting that hes moving into this area and good for him. He certainly sees an opportunity. Hell be with scott wapner and friends at noon. Geez, im on that show today. Youll be able to ask him when i come back to it as an opportunity or there arefy do you remember yfiduciary, pension fund, are you saying youre willing to accept a lesser return for a larger social return or is your fiduciary duty to find stocks and or make investments that maximize your return what a great point. One of the ways to do this, have a tobacco restriction, i would say the safety of having anyone have a cell phone is good. Now, just so you know, the prevailing wisdom in the Mental Health community, they have professors talking about the prevailing wisdom in this country is that the parents arent playing a big enough role it is not the institutions and not the kids but its the parents. I thought that was a very interesting lack of understanding about what the prevailing wisdom in Mental Health is right now, if the parents would play a role, that is i mean, unfortunately im close to this. And i said one of the biggest is really important to not minimize if the parents were to get involved but the parents have shown of the troubled youth, a definitive lack of commitment so i think this is in this case, in the long letter they cite obviously studies con ducked by the center on median and child health at the university of alberta and teachers comments in terms of the impact of excessive cell phone use. But again, 2 billion is a very were talking about a very small amount of percentage wise but apple has responded in the past when theyve had people say things carl icon comes to mind and the willingness to engage there. Interesting to note wal greens in the news, i can remember when jana was pushing walgreens to move out of the country, no, were not going to do that and now they are a beneficiary of tax reform here. Meanwhile, apple keeps all of its intellectual property in ireland. You could argue theres maybe more of a social good coming back here. I was surprised they didnt say, why doesnt apple set up a program the 100 largest institutions that are currently dealing with this in our country. You can fund them. They need scholarships typically cost between 30 and 50,000 for the best ones per month. I was surprised they did not ask directly for apple to do what the Mental Health communityhas determined to be the most important thing, which is to get the parents involved is that tim cooks job to get the parents involved i dont think so i dont know. And in this case by the way we should point out they did own the equity and you could make the argument therefore they simply own it because they think its attractive. But theres certainly an opportunity here for hedge funds. I know were not going to be hearing the last of this in terms of this social Impact Investing because when these guys see an opportunity, they typically will move towards its great. At the should go after the coal stocks and oil stocks and should right. Reducing the Carbon Footprint is one of the key things if you can perhaps find an independent power producer or things like that, to reduce the Carbon Footprint. Maybe you could argue it is better for the business as well. Conflatting the two is interesting, can you bring those two together in a way that works. I think you should diabetes is a National Epidemic would you go after coke . Would you go after mcdonalds . Apple is a convenient target except for the fact theres a user issue and the user is the parent the kids do not go to verizon and buy the device, maybe should they go after verizon and at t, we dont devices sold no anyone under 11 what happens there, you talk to the parent and say is this going to be used someone 11, heres a pamphlet im saying the Mental Health community should have spoken to them because the Mental Health community is so determined to get the parents involved but that wouldnt hip. That would not be my wife came back from the Verizon Store yesterday after trying to get a new phone for two housrs she needed a Mental Health expert. That a lowell i dont know, it was half the day spent there. I see this thing and it would be absolutely great and everybody wants this and everybody wants cant we all get along. While were talking, go ks pro is cutting view on revenue, 80 million on what they are calling price protection for the hero 6 black and other models. Woodman taking his comp down to a dollar and cutting the workforce from about 1250 to less than 1,000 employees worldwide. Yeah, that was suboptimal and i think they are one of the few companies that didnt do the number because theres a lot of gaming pieces today that talk about the gaming pieces doing the number gopro is a particular situation, i think the problem is the dogs wont eat it people dont want the product as much, even the drone product ill tell you one of the things thats incredible, is that what you can do to link yourself to get a stock up, like seagate does today, talking about they own 4 of ripple, which you know is a yes, i do. We had the ceo the week you were out. I know. A know a lot about ripple. You have these things where companies can keep issuing releases and people get excited. Sea gate is suddenly a cryptocurrency. Gopro ceo departing and not yet resumed trade. Michael raises his price target best buy 33 to 38 i dont know, best buy split its a little late you buy the stuff at best buy. 68. 87. Hes anticipating a split there. 30 bucks below. You know, what can you do a man much conviction though. Tremendous conviction always been. And one of the problems about trying to be negative here is that the facts keep overrunning the negativity but you know what, maybe everyone says at one point, okay, enough we have bought stocks high enough lets wait for a pullback. Right . I mean, why dont we make the stock market great again and take a look at the valuations . Youre nodding. Im back to nodding. Weve got to go that took 15 minutes. When we come back, the nvidia rally rolls on, the company teaming up with uber and volkswagen on autonomous cars. Well get the calls on utx and pan dora and cat and a lot more. See thats funny, i thought you traded options. Im not really a wall street guy. Whats the hesitation . Eh, it just feels too complicated, you know . Well sure, at first, but jj can help you with that. Jj, will you break it down for this gentleman . Hey, ian. You know, at Td Ameritrade, we can walk you through your options trades step by step until youre comfortable. I could be up for that. Thats taking options trading from wall st. To main st. Hey guys, wanna play some pool . Eh, im not really a pool guy. Whats the hesitation . Its just complicated. Stepbystep options trading support from Td Ameritrade you myour joints. Thing for your heart. Or your digestion. So why wouldnt you take something for the most important part of you. Your brain. With an ingredient originally found in jellyfish, prevagen is now the number one selling brain Health Supplement in drug stores nationwide. Prevagen. The name to remember. Partnering with uber and vokz wagon, vw will use the companys drive nine platform which includes features like facial recognition and gesture controls and nvidia ceo spoke last night in las vegas. Also delighted to announce that uber the company that put mobility as a service on the map, has chosen Nvidia Technology and were partnered together to create future autonomous selfdriving ubers. Weve built pcs, laptops and game consoles and Super Computers and i can tell you without exception, building a computer for Autonomous Vehicles is at a level of complexity the world has never known. Number of customers here for these chips now in the hundreds. Yeah, 320 Car Companies what i think actually understated, they have a chip a system on the chip that can do 30 trillion operations per second it has nine billion transistors on it and they are sampling it it only uses 30 watts of power and trying to get it to be cost of a regular car and talking about trucks too but this man is a genius hes a genius, no one seems to ever talk about him. His parents mistakingly sent him to a private school in kentucky that didnt realize was not a for advanced kids, it was for kids who were troubled oregon state, stan ford mba, this man is different. What hes proved is identifying the areas properly that should be focused on down the road so this company has been so well positioned and weve talked so often about it given the incredible performance of the stock price over the last couple of years but he continues to be in the right place. Exactly, we know that Brian Krzanich speaks today and hes affiliated with waymo because of this israeli purchase. But what a battle this is between krzanich and waymo, they have the best car. Then volkswagen is the second largest builder of cars. Who would be better to team up than uber. This is going to be a battle royal and i think jen sen is ahead. Ive spoken to brian and brian is saying whats the love affair with nvidia for me i want to see what brian has to say. He will not be confined the car is an enormous battleground the chips and screen that will basically control so much in what will be the back seat because you wont really have much of a front seat because youre not going to have have you been into a waymo car . Greatest thing, you say to the car, take me to the best pizza parlor and it takes you. Based on its zagot rating yeah, and dominos tweeted a picture of their own selfdriving car. Ban nan that pepper, no cheese pizza thats to die for. Amds lisa suh, well talk to nick woodman of gopro as well and the opening bell in about eight and a half minutes what we do every night is like something out of a strange dream. Except that the next morning. It all makes sense. Fedex powers Global Commerce with vast, farreaching networks. Deep knowledge of industries. And, yes. Maybe a little magic. At ally, we offer lowcost trades and highyield savings. But if thats not enough, we offer innovative investing tools to prepare you for the future. 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Squawk on street, its a mad dash for a monday as we count you down to the opening bell a little less than six minutes before we start trading on wall street where do you want to go today . United technologies, goldman upgrades, this is really interesting. 173 price target david, defense and market accelerating but the gt the gte, the its a tur bow fan, gtf they say its no longer to lose money, its going to be fabulous this is the engine that is better than other engines regarded as being less pollution and thats going to be important. The gear turbo fan has stimied debt. I think this is the year that greg has no issues and hayes, independent do you get concerned by seeing a stock thats gone parabolic . No because otis is doing well and h vak better than expected this company