Image problem for gm. A new widely watched Industry Survey ranks gm the worst automaker. First to sue at the new york stock exchange. And we have a rally on the street, ty, the dow hitting an alltime high. Dow jones industrial average last traded up 92 points. We have been up triple digits several times during the says. Transports a new alltime high, a 1. 5 up for the trannies. The s p 500 intraday high up, nasdaq is up almost 1. 5 , so the transports outpacing it on a percentage gain, but not by much. A tenyear yield is down to 2. 64 . Bob pisani is here to gives you the trading action where the bulls are firmly in charged. Its an why are we you will today . We shouldnt be up. They hate this rally. Let me give you three or four reasons. Theyre very curmudgeony today. Theyve been that way for years. The biotech names, the nasdaq, internet index, a lot of shorting going on in that space when this kind of move happens, 2. 5, 3 , you get Short Covering going on. Theres been concerns about cajun spreading from the russell 2000, a lot of bears are saying barons are down, Home Builders are down. S p is up over 1 , but the retailers have suffered. That is true. Thats a sort of concern, but today thats not happening, either. Banks and Home Builders, retailers, all on the up side. That sector is up today, 1. 5, everybody is up more than 1 pshz. Tenyears yield, when we drop below 2. 6, we have problem. When its over 2. 6, the market seems to behave better. Finally, sue, china and india have had two great nights. Over 2 for shanghai. Bombay is up, the elections are over there. We havent got the results yet, but mod the opinion polls indicates that modda is in the league and hes perceived to be market friendly. And economically progressive. Thank you, bob. See you in a little bit. Almost a 1. 5 gain for the nasdaq. Right now up about 57, almost 58 points on the trading session. Seema mody is uptown, following the movers. Good afternoon, sue. Markets are in rally mode. The nasdaq is the clear outperformer, up about 57 points on the day. This has skeptics continue to stay on bubble watch. Three specific sectors pushing the nasdaq higher. First internet stocks, bob was mentioning those as well. Some of those largecap names, google, yahoo, ebay, which have been under pressure, rebounding today, biotech also a sort of strepgt, though jpmorgan wrote that sentiment across the sector remains quite fragile, and an underwhelming First Quarter earnings season. Social media also a bright spot. Twitter which has been under pressure as of late. Its recent lockup expiration, today suntrust upgraded the stock to buy from neutral. Also skm upgraded pandora. Lastly, keep an eye on u. S. Listed indian stocks. All higher across the board. Weve been seeing a rally in indians stocks on the past couple months results due on may 16th happy of them watch some of those big u. S. Listed name. The dow hitting an alltime high, what are the stocks driving it from its previous peak. Now, were looking back, what, how far . Just a month. April 4th was the last time we had an intraday high. It hasnt been that long. Remember during the time we had a couple percentage point correction. I say that loosely, because everyone thought it would materialize into something bigger, were back up to alltime highs. Its been an interesting move. A 7 pullback the first two months of the year and then were back up to record highs twice so far. If youre looking at the symptoms moving the action, since april 4th until today, a number of big blue chip names, because theyre all blue chips. 3m, one of cramers top picks, right . Up 5 in that one month and a halfish well call it. Chevron, a big move here. Mcdonalds 5 to the up side, you can call them discretionary if you want, but theyre a base Restaurant Company serving at least the mid kale the down scale side of the market, and travelers on the insurance side, best performer in the dow over the past five or six weeks. If you look at whats driving the down side, this is where it gets interested. United health group, one a real big darling, down about 5 during the course of that time. Then pfizer on the drug side, of course, headlines of them trying to maybe buy astrazeneca. Thats pushing the stock down 9 , and jpmorgan, on the bank side, you heard bob saying the banking maybe have struggled a bit. Thats one of the them. Jeff morrow morgan. Now, tyler, the interesting point about this, with the dow, remember its a priceweighted index, which means the stock that is have the biggest share prices move the most. We saw chevron, and other big names in the tripledigit realm. Ibm. But the ones, boeing, caterpillar, some names, theyve had some nice gains over the past month and theyre tripledigit stocks, which means they are helping to drive the upside performance. Appreciate it very much, dominic. Down to you, sue. Were going to continue the conversation, because stocks are rallying, the dow trading at a new high, after flirting with correction territory, just last week. So should investors, given all the market volatility trust this volatility . A fourstar portfolio joins me with ashton lake partners, and richwise, where he oversees 23 by onin assets across several fourstar funds. Great team to have with us today. Rick, im going to start with you. You were able to take advantage of the correction as the russ the 2000 flirted with that correction territory. How did you do it . We run an alternative fund to fund. A number of our managers had been building up tech stocks, biotech, so they were basically short the hype and long substance, and that paid off solidly. So what would you do in a market that seems to have turned, earnings are mostly behind us. They were okay, but of course the expectations were pretty low. Theres a couple things were looking at. Were looking at a smoother ride. A lot of smoothing the ride is key. So we actually have an emphasis on long short equities. Investors are moving back on the long time for companies with substance, companies with different growth, and theyve been tiptoeing away from the overhyped stories that have ruled the market. Rich, are you finding value in this market . How do valuations look to you . They seems to be getting topi here. Weve ridding this bull market for the last several years and continue to be positioned fairly bullish overweighting equities and other risk assets. Valuation metrics, however, now anywhere near as compelling as they one were. The tenor of the bull is changing, so we are seeing a rotation, and we are rotating our positions from whats essential a tug of war between mid cycle stocks and some of the later defensiveoriented issues. Youre also pretty defensively hedged correctly . Yes, thats right, weve been pulling back on durations more recently, taking on economic risk, but shying away from Interest Rate risk, given the probability, if not likelihood of higher rates this year. So, rick, let me turn to you then. One, do you like any area of fixed income or strictly staying away from that, even as a hedging vehicle . Well, were looking at a couple areas, we have a focus on long short credit, in the same Way Investors are distinguishing winners and lose were doing the same thing on the fixedincome side. Theres plenty of richly pride what about reits, very quickly . Reits have been fairly richly valued. Were looking at our types of related securities. A couple years ago in the u. S. We saw a big rally. We see similar things happening in europe, so were looking for those pockets of opportunity. Okay. Thank you so much. Rick and rich. Appreciate it. Lets send it back to dominic chu. Lets check out some of the big stocks, the Pinnacle Foods story, soaring on news it will be acquired by hillshire brands. Hillshire is down about 5 . But check out other packaged food companies, thinks hain celestial, annies all the moving high, rbc says the deal has a ripple effect. Investors are still watching some big flash points around the world. And Michelle Carusocabrera is here. Lets start with the ukraine where promoscow protesters are if declaring victory. Yesterdays referendum was chaotic. Clearly the counting of ballots were skeptical, but a vast majority of people vote to do join and be independent from key jif. So far russia has been sitant. Thats the key thing at this point. What is russia going to do. There has been violence over the weekend, nor does it look like theyll annex these two regions either . That makes florida look really good, man, i tell actual. There they are. All right. All right. Lets move on to nigeria, a truly tragic story there, with the kidnapping of more than 200 young girls. The latest is a video thats surfaced. Released by the girls kid p kidnappers. Boko haram has put out the video, them praying and reading from the based on the m. O. Of this group, they think the video is authentic. Theyre proposing a video swap. The girls can be traded for boko ha ram individuals who are in prison right now. And to india, the election is over. Now the counting begins. What a count that must be. More than 800 million voters. Worlds largest democracy they used to call it. And record turnout. Theyre going to start counting on friday. Theyll get it done in one day. The bottom line today is the exit polls came out, and if they are correct, because theyve been wrong in the past, not just in the united states, norindra modi would be the next prime minister. Hes considered probusiness. Thats why we seen the indian market rally pretty sharpley. As a result, thats why you see 5 over the last week. Wow, thats amazing. And in thailand, a change in regime. A mess. The Opposition Leader has actually moved into the corporate palace, but not actually occupying the room of the leadership, because nobody has actually been electioned. One newspaper declared the country as thaitanic. The reason we care about thailand, so sound unseemly about it, when it comes to business news, is theres a huge supply chain issue, we learned that in the flooding in 2011, when we saw toyota have to stop production, when apple had to slow down production, so whenever something happens in thailand, you have to see what kind of impact it might have. So far, nothing, but we keep watching. Thanks, michelle. Back to sue. Thank you guys very much. Samsung, aig, nasdaq, all facing leadership questions. Who are the next generation of Corporate Leaders out there . Well talk about that. Plus ibms ceo saying the tech giant is the stock is up 1. 25 today. What exactly is going on at but blue, a and should you be owns the stock . Its down all of those still on the dockett, as power lunch continues with the dow up 97 points at a new alltime high. F. For what reality teaches you firsthand. In the face of danger, and under the most demanding circumstances. Experience builds character. Experience builds confidence. And experience. Has built this. The 2014 glk. The engineering and the experience of mercedesbenz. See your authorized dealer for exceptional offers through mercedesbenz Financial Services. [ bell ringing, applause ] five tech stocks with more than a 10 . Change in aftermarket trading. All the tech stocks with a market cap. Of at least 50 billion. Are up on the day. 12 lowvolume stocks. Breaking into 52week highs. Six upcoming earnings plays. That recently gapped up. [ male announcer ] now the world is your trading floor. Get realtime market scanning wherever you are with the mobile trader app. From td ameritrade. Welcome back. If you think youre having a rough day, check out whats happening with core labs. Lowered both the Second Quarter and fiscal 2014 outlooks. You can see the stock has lost 19 of its value so far in trading today, so again core labs very much a focus for investors, sue. Back over to you. Thank you very much, dom. Samsung, aig, nasdaq facing leadership questions right now. What does it say about the next generation of Corporate Leaders . Insight from former medtronics ceo bill george who serves as director at exxon mobil, also a professor at harvard and bob herbold joins us, running a consultancy and serves on the board of directors at agilent technologies. What a team. Glad to have you both. Bill, i want to start with you. Lets start with sam suns. Thats such an interesting company. Theres talk of patent infringement, all sorts of issues. People are wondering whether they have the right secession plan in place. This is basically a familyowned company. Chairman lee took over from his father, now hes getting ready to pass the reins over to his son jay widely. I think its a logical transition. Hes well trained. Hes been in the job 27 years, but samsung has done an amazing job and you have to say that chairman lee is the big gates of korea. Theyve done a fantastic job competing with apple. Theyre the only ones that have. So i think you have to give them a lot of credit. I feel badly about his heart attack. Maybe he should have transitioned a few years ago, but i think it is time. Bob, would you agree with most of what bill said . Yeah, absolute ly i i would only add one element. Even when you have a seasoned insider at times, you dont have the Technology Spark that you need. There are a lot of people who raise questions in this regard, in regard to tim cook at apple. Right. But also the new guy at the top at microsoft as well, bob. Absolutely. It was a long, drawnout and very difficult decision on their part, primarily for the fact that youve got two needs with these technology companies. You need a firstclass ceo, but you need a technology leader. You look at Companies Like ibm and say, wow, hmm, this must be a tough task to line up that kind of talent, because frankly theyre struggling. Yeah, they are, and the ceo admits that, too. If i may add a comment to bob, i agree with you totally, bob. I think were seeing for that Reason Companies are staying inside. Frankly if you are a former company, i was pleased they chose him. I think Alan Mullally is one of the great ceos of the world, but hes not a tech guy. You saw what happened to your former competitors at hewlettpackard with four outsiders in a row, none of whom have proven they can master that tech giants, so boards are shifting, were seeing it very much at hps, that theyre new ceos who have gone from 50 50 outsiders versus insiders to more about 90 10 of staying inside and finding someone who is operationally sound. Bob, ill get your take on aig. Bob benmosche inherited an extremely difficult situation and any extremely large company. He has managed to right the ship quite nicely. Umhmm. When you see these bankrupt companies, they almost have to go to the outside to bring in fresh blood. General motors did. The outsider, if he does it well, even lou at ibm, i think its important that that he prepare the insiders credit bob for preparing to competitively compete for the job, but boards are pressing upstream. We need the candidate rather than waiting until the last minute. I think its very wise, and its a good trend. Bob, if i can finish up with you, on the nasdaq it appears as though they are going to the outside, and they are starting a little earlier than some people thought they would to bills just previous point. Yeah, absolutely. Its a very, very different task. You not only have to get a good ceo candidate, you have to have a person that you judge can adapt to the culture quickly, can learn the customer set, can learn the industry set, can gain the confidence of the peers and subordinates. There are a lot of dimensions and consequently risks to reaching for the outside. Thats why i think bills statistics are bearing up these dates. Its a very risky proposition. Adina friedman has two years in advance to take a look at the business. Thats an interesting business, because its a Financial Services business, but very much a Technology Business as well, so it kind of fits in along with the samsungs and microsofts of the world. Guys, thank you so much. Appreciate it. Up to you. Sue, thank you. One u. S. Automaker making a bit after comeback while its rival takes a beating. Phil lebeau has the story. Good news and bad news for the big three or at least two of the big three. Chrysler reported earnings thor, meanwhile, General Motors continues to struggle, this time on the supplier front. Well tell you why one survey gave gm a poor rating. That story when power lunch returns. Honestly, the offseason isnt really off for me. Ive got a lot to do. Thats why i got my surface. Its great for watching game film and drawing up plays. Its got onenote, so i can stay on top of my todo list, which has been absolutely absurd since the big game. With skype, its just really easy to stay in touch with the kids i work with. Alright, russell you are good to go alright, fellas. Alright, russ. Back to work fame, makes a man take things over fame, lets him loose, hard to swallow fame, puts you there where things are hollow the evolution of luxury continues. The next generation 2015 escalade. Fame man speaking chinese thats keeping you from the healthcare you deserve. But if healthcare changes, if it becomes simpler. If frustration and paperwork decrease. If grandparents get to live at home instead of in a home. The gap begins to close. So lets simplify things. Lets close the gap between people and care. Welcome back to power lunch. Check out whats happening with a few of this is solar stocks, they rise higher, as rate changes specifically that any structure that provides a Utility Service and is purposely built for a particular building qualifies for a status as a Real Estate Investment trust. Northland capital says it believes Solar Systems off some of these companies could qualify. Tyler, because over to you. Very interesting. Some good and not so good news. Chrysler reporting strong numbers in the First Quarter. Phil lebeau joins you from chicago. Details please, sir. Tyler, chrysler is on a roll right now. Full earnings last week. Well, today it was strictly the cry her numbers. Overall chrysler reported a profit for the First Quarter when you exclude special items, as it continues to restructure, but excluding those, they posted a profit of 486 million. Look at the increase in revenue. Up to 19 billion. Really on most metrics, chrysler is on a roll. Market share compare that with a 11. 7 in the u. S. Jeep sales, that is not a misprint. Up 46. 5