What should you do with your portfolio . Well tell you. But first, we start with trump tweeting and the market listening. After calling out boeing last week, trump took on lockheed marin this morning, saying the costs are out of control. Billions of dollars can and will be saved on military and other purchases after january 20th. The stocks paid attention. Lockheed pulling nearly 3 . Northrop grummond, General Dynamics. Who could trumps next target be . First of all, on defense. Guy, investable or not . Yeah, i think its ininvestable. When he went after carrier, obviously the united technologies, one of the things we said was, they were in the crosshairs now, hell move on to the next target. United technologies, by the way, made a 52week high and closing on levels we slaft saw a yearandahalf, two years ago. Following in the after market, what is an alltime high. And i think the same thing is going to happen with lockheed martin. In the case of lockheed, it might take longer. This is a big program. With that said, defense stocks will feel the pressure. But i think it will be shortlived and he will move on to other targets. To me, take it in the context of a move a stock. 23 of their revenues this year. Typically about 20 . And about 15 of their bottom line eps. Think of the move in lockheed. This stock has effectively tripled. And a stock that ran 10 up on this i think probably more unexplainable president ial move. And i mean i dont mean the president i mean of all the stocks that moved, i think the fact that defense stocks, which have been defensive because they were highyield stocks and very solid balance sheets, actually they should not have been rallying. So the pull back take it in the context of that. Law of diminishing impact, as guy says, look how the market responds and where these stocks closed at the end of the day where they started the day. And it tells you that the market is starting to we have had this discussion on this show, weigh the impact and say lets wait and see. The push pull also. Because the Incoming Administration increases defense spending overall but turned the screws. Margins will be impacted and thats another thing for investors. Look where theyre trading. Peak operating margins and multiples. This is an easy target for him to tweet about and bring attention to his platform. I agree, probably a little overdone here. Scrutiny on them for some time. I would prefer to buy General Dynamics over any of these names. I think why . Because theyve got the offset. If you have a private jet, you know, sort of like, you know, massive buyin, if you will, theyve got that jet business. 50 since the election. It hasnt. Not pulled back. But a very strong play. I look at the headline risk for the bigger players like a lockheed, not for a general i would say, lets just say theoretically that he does tweet about General Dynamics. I bet it barely goes down. If you look at the other guys, how they traded, the kneejerk reaction, and everybody says, wait a second, theyre not taking their business away. All hes doing is working for the American People to say lets get the right price on yeah, yeah, yeah. Now on some more interesting part of the conversation, i think. Who is next . What company should be bracing for that donald trump tweet . I dont know if theyre going to be bracing for it. But i do think apple can be in the crosshairs for a number of reasons. I can see a tweet where mr. Trump says, hey, apple, do you want to get back some of that 150 billion or so you have domiciled overseas . Bring the jobs back to the United States. Could be something as simple as that. I dont think its stockmoving but apple could be in his crosshairs. Yeah. Seaburg . Walmart is a name i think could be in the crosshairs, not to say necessarily it will take the stock down. But i do believe its in the crosshairs from the standpoint they look at the Hourly Earnings and say, walmart, youre not necessarily doing a great job by compressing peoples Hourly Earnings to avoid paying health care. You also say walmart for another reason. Exactly. The other reason for walmart is, you know, i could see a tweet that says buy american. Walmart is a major importer of goods, particularly from china. So would not surprise me to see something that says, hey, you know, you should walmart, you should be buying your goods here in the u. S. That actually could hurt walmart. Because their margins are thin and rising wage costs. I would say walmart and also the Restaurant Industry if you said a secondary. Those minimum wages could be going up, as well. Tim . To me, the auto sector. Although these are workers we want to protect, gm is Global Motors because they put in factories around the world, much more efficient to run than the ones here. So the narrative so far has been dont rip off the government and dont produce your goods outside the country at the expense of american workers. Clearly, the auto sector and the auto unions are probably the most dominant, if not the most powerful still in this country. Hes going to at least throw them a bone. What got us here and what will take us to 30 k . Lets go off the charts with evercore isa as he shows us what he thinks takes us to the next bill milestone. Lets take a walk down memory lane. We use the path to predict the future, as we often do here. Lets start back in the early 90s, sort of the road from 4,000 to 10,000 starts in the early 90s around 95 coming out of the recession, lets call it 92 to 94. This beautiful bull market. We finally get through 10,000 around march of 1999. Now what lifts us there . Microsoft. We think about that 90s as a tech bubble. The tech bull run. This is your big winner here, the stocks up over 1,000 . It holds that level for six years. Just shows you how strong it was. Now we Flash Forward a little bit to the most recent bull market that starts with the financial crisis back in 2009. Why is this the most hated bull market . Because its been very defensive. Its being led by stocks like unh. This is the bestperforming stock up just like microsoft, 1,000 from the 2009 low. Its a defensive take. So how do we get from where we are today to 30,000 . Whats the next leg here . Without further ado, jpmorgan chase, financial, from rising rates, rising reflation, less regulation, and lower taxes. You can see the base breakout here. Youre up 24 from the election alone. So maybe you think you missed it here. But you havent. And heres why. Look at this longterm chart here. This is 17 years, a Double Bottom base breakout to a 17year high with Interest Rates going higher. The curve getting steeper. Taxes coming down and regulations in an industry which has been under a cloud of scrutiny for the better part of the last decade are eroding, all of which suggest that financials like jpmorgan chase, like Goldman Sachs, can move higher here. And can carry us to that next leg of another bull market. Im not even going to ask. Im going to invite him over. Yep, bang yeah. Come on, ashley, bring over the chair, please. Hes going to come over and join us here at the desk. Thank you. De come plea. So do jpmorgan and Goldman Sachs look better than other financial stocks or are gnls going to be the winner . In the early phase of this advance, we know its been sort of the rising tide that lifts all boats. I think as we get into the new year, were going to become more discretionary, and not paint all financials with the same brush. They all dont they havent earned the right to benefit commensurately, so, yes, some will continue to move higher, like goldman and jpmorgan. Others will be left behind. So that next phase, once again, will be more discriminatory within the financials. What stock are you most worried about in terms of being a barrier to 30,000 . You know, i think health care for me, even though the valuations have become more compelling, we talk about that cloud of regulation sort of lifting over the financials. Its still there when we talk about health care. Phrma in particular, when we see the double tops, lower highs, kind of has that look of more of a structural top. Thats a big part of the s p. So a little bit of a concern going into the new year, eroding technicals with political headwinds. Thats an issue for me going forward. So, rich, when i look at these charts, particularly the financials, i see things going straight up like a hockey stick, very similar to how the tech stocks did, in the late 90s. Very similar to all these ending kind of patterns. Why does this not look like an end pattern as opposed to a breakout beginning pattern to you . I think its a great point. What i would say to you is that we have been moving sideways for some time now. The last three years, we havent done much. Yes, on an absolute basis some stocks have performed. Relative to the s p, we have been flat to underperforming for so long. We also know the positioning. This still an underowned group because Interest Rates have been going down in a straight line, essentially. So now you have a reversal of that narrative. Rates higher, the curve steeper. Youre going from underowned even if you go to market weight, you can still have a bid. I agree. The initial stages of this move has been vertical. And thats not sustainable. We can consolidate in sideways fashion, ease over bought positions, driven by positioning, driven by higher weights and steeper curve. Rich, thank you for coming by. Speaking my language, rich. I thought you said on friday you wanted to take take profits. Yeah. Hold on. A little bit overbought. Take profits for the short term. Wait for the consolidation and pullback and get back in at lower levels. I believe the financials are the place to be. Look at Goldman Sachs, look at jpmorgan. Those are names you want to own for the longterm, given the fierce rotation. Longterm, these are stocks you want to own in a rising rate environment. The dow is trading at 93, nineday rsi. For you folks at home, that means ultimate low this thing is as overbought as its been in 20 years. Why doesnt that concern you . I know we talked about this, rich, on the side. Were doing it on the show. Which is dont play around with a move like this. Well, thats just it. Overbought does not mean over, and its pretty lame we talk about these sort of things on the side. Rsis, very exciting stuff behind the scenes here. So here we are. Keep in mind, we still are strong in seasonality. As we enter the new year, we need to work off positions, no question about it. You have an expansion of breadth, very aggressive sector, in fact a rotation and star trek actuarial breakouts across the board. Whats not to like. Bye again, rich. See that . Coming up fantastic. I said goodbye once and then okay. Coming up, news of a shakeup, holding a Conference Call right now. Well hear from the new solo ceo. And the russian connection, why one of trumps cabinet members has good news. Greg davis of vanguard says do not panic. What to do with your portfolio later this hour. Much more fast money straight ahead. This car is traveling over 200 miles per hour. To win, every millisecond matters. Both on the track and thousands of miles away. With the help of at t, Red Bull Racing can share critical information about every inch of the car from virtually anywhere. Brakes are getting warm. Confirmed, daniel you need to cool your brakes. Understood, brake bias back 2 clicks. Giving them the agility to have speed precision. Because no one knows like at t. Welcome back to fast money. A major media deal off the table after red stone whose family owns a controlling stake of via com and cbs. Shares of via come took a dive, when the acting president as ceo of the company. Tim. Yeah, i think if i look at this, clearly as the market has shown today, via com was the one who had more to gain, but makes it more interesting than cbs on some level. I dont think the value in vio com, if you view some of the parts and look at the properties should be pushed down 10 by this deal. Cbs is a twoyear highs here and ultimately does it lead them into a bidding war . Yes. I still think content in the media sector is reigning supreme and those guys who control their destiny and cbs cbs doing a deal itself, you mean. Yes. I think thats the more viable opportunity. Reco had an article saying espn could be a target of cbs. We talked about espn being a spinoff. I think thats entirely possible with this particular with via m com in general. I like via com because theyre trying to make some progress. It was stagnant, didnt do anything for years. Now youre starting to see somebody trying to make a change. Via com, to timz point, relative to its historical value, its cheap. I mean with that said, i thought it was cheap for the last four or five dollars and obviously cheaper today. But i do think theyll figure it out and maybe the best thing thats happened nobody comes in and takes these guys out at what would probably be a pretty steep discount. With that said, and something we mentioned on the called today, we have been talking about this. Rates have been going higher. One would think the name like at t would go down. At t is very quietly going from 35. 5 to 41, and in a time when Interest Rates have done nothing but go higher which leads me to believe something is going positive at at t. Im surprised no one mentioned a Conspiracy Theory. Just in september, pushing for this merger. A couple months later, now theyre saying, oh, you know what, things are turning around on their own, were going to give this guy a chance. Maybe they know that things are much better than meets the eye. Im wearing the Conspiracy Theory hat that you guys made and knit and usually sport yourselves. I left mine at home, i guess. I dont, i crochet. Big difference. Again, i think you get down to a sum of the parts valuation. Via com, the comps are incredibly easy. Whereas for cbs, by the way, actually kind of difficult in the next year and you get the valuations. And, again, cbs is cheaper than its peer group. Next, retail getting crushed. Down 2 . The department stores, macys, nordstrom, jcpenney, moving lower. And walmart, the next stock yeah, walmart. Walmart is doing well. And i said that. It may not derail the stock, necessarily, if trump tweets about it. But i do think, walmart is a stock you want to own into the end of the year. I do think its going to outperform. I do think, you know i talk about burlington on this show. Ive talked about dicks on this show. These are names with very easy comps. I look at the reform from the standpoint of tax reform and say individual taxes benefit the most and walmart. So to you 2 pullback. Im a buyer. 46 bucks is line in the sand. Walmart has cost of goods sold are going up. Whether you like it or not, inflation is coming from china. Wages are rising in china. Thats going up. Their wages in the u. S. Are going up. And theyre not going to be able to rise rate prices. We talk about a cold weather trade we talked on friday. Cold weather trade, walmart is the ultimate cold weather trade. When its cold, walmart performs very well. You can say online or whatever. Ultimately, walmart is a stock you want to own. Why is walmart going to outperform in the Fourth Quarter. When the top line has been shrinking. They got back to basics, all about were going to be cheaper than the next guy. Meanwhile, forget inflation. If anything, theres deflation in terms of the Competitive Industry and these guys you know, theres no way theyre taking market share from amazon. Proven theyre overpaying for online apps. Tax cuts for the individual are going to be massive. Tax cuts in general, walmart will benefit drastically. And ill tell you what comps. Comps are going to be easier. So in general, you can look and say this platform, this stock in general, is going to perform better in a vacuum if youre comparing to Fourth Quarter last year. Nordstroms. We talked about this two weeks ago. Stocks that have one too far. One of those things we do from time to time. Stocks do a fade or oh, yeah. We mentioned on this show, by the way. Unwonky. Nordstroms went from 35 to 60 much too far, way too fast. That coupled with the fact valuation doesnt make any sense. I think names like that have more room to the down side. By the way, i didnt think it was that cold this weekend, guy. Right . Do you think i overreacted on fridays show putting on a hat and scarf . You were a little off. Thats all. Nice hat, though. Thank you. My hat. By the way. Coming up, shares of chipotle jumping after announcing one of its two coceos will step down. Is that enough to turn the fast food chain around . Im melissa lee, youre watching fast money. Thats what they have done since the election. How can you protect yourself from the wreckage . The manager of the bond fund will be here with three simple steps. Plus, its the one country thats getting an even bigger trump bump to the u. S. But has the stock market come too far, too fast . Well explain when fast money returns. Well, if you want to sing out, sing out and if you want to be free, be free cause theres a million things to be you know that there are and if you want to be me, be me and if you want to be you, be you cause theres a million things to do you know that there are and so lucky to hear. How about Austin Matthews up in toronto . Okay. More of them opening night. Whats Critical Thinking like . A basketball costs 14. Whats team spirit worth . cheers whats it worth to talk to your mom . Whats the value of a walk in the woods . The value of capital is to create, not just wealth, but things that matter. Morgan stanley welcome back to fast money. Another record day on wall street with the dow closing at an alltime high, its 15th record close since the election. Crude oil hitting its highest level since july 2015. Heres whats coming up. Russia stock market surging nearly 20 since the election, but is it too late to get in on the rally . Well explain. And chipotle shares higher today on news of a shakeup. Is it enough to change the company around . Well hear from the ceo later this hour. Lets start off with the tenyear yield hitting its highest level in two years ahead of the expected rate hike this week. Rick santelli joins us now with demands on u. S. Debt. Rick, you said i think mediocre, moderate, Something Like th