Ultraluxury, youve probably never seen anything quite like this before. The man selling it is the star of bravos Million Dollar listing. Its some really amazing stuff, and its here only on power lunch. Simon is my partner tonight. Stocks are off their lows down here. The dow and the s p on track for a second weekly long despite struggling to the finish line in june. Unless we see a huge tornado around. The dso and s p 500 will end the month will gain. Thats in a big contrast from recent trends. The dow has only posted gains in five of 15 junes. And while the s p has gained in eight of 15 junes. The russell 2000 and the nasdaq led the gains in sdwrun up 4 and 3 respectively, both indices are having their best month since february. Michaels going public at the nasdaq today. The arts and craft retailer pricing at the low end of estimates, getting off to a somewhat weak start, just as you can see moving above the listing price there at 17. 22. Go pro, as you can see at the bottom there, continues to soar, now day 2 of trading, a sec and a half, and really still making some gains. Weve seen it happen in biotech, internet and cloud stocks. Our semixhuktor stocks are they next for a breakdown . Seema mody looking deeper, and dominic chu with one beaten down group actually staging a stealth, but well kick off with you, seema. Its been seen as a pocket of strength, the Semiconductor Stocks, company that is power partphones, tablets pcs and chips, the index up about 17 as investors but some wall street analysts believe Semiconductor Stocks may by ready for a tumble. Jon tharn criminaathan says sint overbought, expect some consolidation. Analysts add Goldman Sachs agree, writing that they have reached problematic territory in the markets willingness to overemphasis the good news and ignore the bad news, but there are some bulls out there, telling me that the femme story remains favorable, and the allure of dividends. Its in line with the s p 500 at around 2 , the favor diplomat in paying Semiconductor Stocks, including sandisk, analog devices, and skyworks solutions. Simon . Interesting. Seema has the view there on semiconductor. Dom, youre looking at social media, the stealth rally of the dam . Itches a lot of investors have been so intently focused like utilities on one hand. They have been leading the s p higher, but even richer rewards have come from the stealth rally, after taking a huge traders have been enough of an up trend to even call some of them in a bull market again. The ticker here is socl. After losing nearly a third of its value on an intraday base, its now up about 20 since then. Some call it bull market territory. Show some even better returns. Check on the linked in, up over 20 dun the slow it still needs another 50plus percent rally to get back to its report high. Facebook is another gainer, up 23 since its recent lows, and it just needs another 8 to get back to fresh record highs. Twitter has gained nearly 40 since its recent lows, and its gone back up above 40 a share. Same story here with Internet Radio company pandora. Its got a long way to go before getting back to its fresh record highs. Still, though, its gained 40 , nearly 40 on an intraday basis sits inns recent lows just a couple months ago. These are more volatile stocks that far outpace the market on the up side, but they also, also fall very fast on the down side as weve seen over the past few months, so momentum is something you want to be aware of when you invest in these stocks, just like a lot of other tech stocks. Still a nice healthy return for a couple months of work. Back over to you. Well take that any day. The market is on track for gains in june. Deutsche bank in fact cut its Global Growth forecast today, just days after Goldman Sachs lowered its u. S. Growth estimate. Is it time, given that, to change your strategy . We welcome back katie nixon. , and dorothy weaver joins us as well, chairman and cofounder of collins capital. Ms. Weaver was the former chairman of the miami fed. Welcome. Nice to have you here. Dorothy, i want to start with you if i cant. The revisions to the down side, does that have you worried . I know you look for strategic opportunities in the market, but does that have you worried at all . No, i think its a reflection obviously that we are in a slow growth environment, as much as we would like to see growth kick in, it is going to, i think continue to be a slow growth environment. Thats why were not trying to call directionality, but look for both longs and shorts that can be noncorrelated, but looking for special opportunities. I think that kind of dove tails with your forecast, youre generally optimistic about the economy, and you havent changed your strategy. We really havent, sue, but i agree with what dorothy said. Clearly were in a slow growth environment. The First Quarter was incredibly noisy. We still think us gdp growth will be good enough to prevent tightening and keep corporate earnings on a positive trajectory. Dorothy, when you say you look for opportunities in the market, we havent had a lot of volatility. Sometimes that, in and of itself can be a problem for opportunities, but youre looking for specific areas where maybe things are a bit out of align muppet, m a activity, things like that. Correct . Right. So kernel lack of volume tilts means you dont make as much money as calling it right on some of the anomalies, but were looking for a lot more corporate activity. They did it right, coming out of the recession and selling inventories, cutting costs, cutting back on payroll. Now in a slow growth environment, we think theyre going to have to look at creative ways to cede shareholder value, and whether its mergers, spinoffs, consolidation, and what youre seeing is on mergers that used to be the one acquired went up and the one acquiring went down, now youre see both go up, because youre doing accretive mergers that are win win situation. Katie, you still Like Health Care and financials. If you want to pick which one that you are more favorable on, which one would it bell . Health care, sue. We think the valuations are compelling in general, lots and lots of companies have cash that theyre ready, willing and able to use right now for all kinds of reasons. Also through share buy backs. Could you give us an estimate on where you think will end this year . We see a price appreciation from here, but you come up with a pretty good 12month forecast. Dorothy, does that dovetail ought ought with what youre looking for . Probably not. Were not counting on Market Growth to get the run from here. In a slow growth. All right. Well leave it there. Thank you very much. A pleasure to have you with us. Come back soon. Thank you. Sue, a major lake strike is farce and billions of deliveries are at stake. This is a really big deal, so on at midnight on monday, the current contract, keeping shipments on track at west coast ports expires. It could be the 30 pores the National Retail federation says a port shutdown could cost of economy as much a 2. 5 million per day. The Warehouse Union represents nearly 14,000 west coast port workers, and the maritime along the west coast ports. No contract deal has yetting reached. During the last contract negotiations, dock product activity slowed by nearly a third, but a workers strike means that theyll by stick between the shore and stores. Rye tail arent taking chances. They have all told us theyre exercising some caution, and in some cases invokeses already established contingencies plans. Now, one truck driver at the los angeles port told us there are already signs that the union is flexing its muscle, that particular truck driver waited 7 to 8 hours last week to pick up some cargo. Simon, back to you. Lets see if they can sort it out. We are down 40 on the dow. Lets get a market flash. So shares of allergy again are take a turn just off session highs. The hedge fund big acmax have settled a legal dispute related to a shoulders rights plan or poison pill put in place by allergan. They have agreed that pershing squares attempt will not trigger that socalled poison pill. That would allow existing shareholders to buy stock at a deep le discounted price. Pershing holds slightly less than that amount right now, so at least one development in the ongoing saga. Bag over to you. Hailed on the show, Goldman Sachs is ute with a list of tech stocks that it says is best positioned for what they call the internet of all things. Apple and google didnt make the goldman cut. Well tell you why not, and the under the radar stocks that did. Check out the views. Just the views from this incent penthouse in new york valued at 118 million. We will take you for an exclusive grand tour, next. Being news, hewlettpackard and its shareholders have reportedly settled a lawsuit over the Autonomy Software acquisition. The deal is said to drop all claims against meg whitman and Board Members while it consolidates efforts to hold account and they have spiked in terms of volume on that reuters report coming out, but the stock price has not move appreciably. It took a charge just last year. Back over to you. So what can investoring expect in the second half of the trading year . Josh lipton has some predictions. Heres what to watch for in the tech sector in the second half. There are nearly 2 billion smartphone users in the world, you might have a few more options when deciding what your next device should be. Amazon will ship its new phone on july 25th, and apple is expected to launch its new smartphone in the fall. Tech companies could deliver more devices and services to track your health. Apple Just Launched a new app. Called health. The tech titans move in this area could motivate areas to jump into the space ago well. Analysts think theyll see a large venter looking to acquire more companies to build out their solutions that they can offer clines from stork to cloud services. That you are your second half tech outlook. Im josh lipton. In the meantime Goldman Sachs is out with a list of tech stocks that it believes are best positioned for the internet, of all things. If youre looking for google or apple to be on that list, well, theyre not there. The tech giants didnt make the cut. Why not . And which stocks did . Joining us is jon fortt and julia boorstin. Goldman is upbeat on apple, for example, just not in this list of 17. So theres some names on here like qualcomm, like arm, that are actually well positioned, but one you dial down and guess whats going to happen, we dont yet know what the driving products will be. Will it be a standout thermostat . Something in an air conditioner . A watch . Once we see though, did you thus far, the list very much in the weeds. Dont sort of bet on all of these forces, and expect them to come in of the 17, i see that five are not buys. Whats your take . Well, i think its interesting here. We have to remember there are some big names on here like samsung and garmin, a company that a lot of people expected to have gone by the wayside when the Gps Technology became less relevant, but i think what theyre focusing on is the component. And then theres other companies on this list that are about the wifi connected to these devices. I think theres some interesting trends on this list. Goldman believes that wifi are going to be the key to making device it is smart in the future. Are all these chips going to be dumbed down, because they dont have to do much but activate the device essentially on command . In a way, yes. I was told recently that he expects an order of magnitude of more chips, but lower margin and lower price, so i think something to be careful with on this goldman list, ill bell you the companies that benefit the most arent on the list, they wont even be the components. That will be even more of a volume business, but even more of a low margin business. Some of these companies will lose big. It might have been a Health Company or Media Company that actually comes out on top. The big question is what do they do with the operating systems. We have to leave it there. Jon fortt, julia boosten, thank you both. Simon, we have taken a big of a drop in the market just in the past couple seconds. Weve down doubled that, down about 67 points on the trading session on the Dow Jones Industrial average. As you can see that dropoff came just a moment ago. Were working on it to see whether theres anything fundamental thats changed. Keep in mind we have the russell rebalancing at the end of the trading session. Sometimes before that you do get volatility. Transportation average is do you 23 points on the trading session. When we come back, a nightmare of a flight. Phil lebeau follows they as a hobby. Hes never heard of anything as bad as this. Thats coming up next. Housing in the second half, predictions, plus two big torrie on the home front. Diana olick and robert frank to explain. Im going to give you the skinny on skinny houses. Are these the next great Real Estate Development deal . Or are they actually vulgar . Robert, this went isnt as expensive as yours. Vulgar . I cant believe it. This one is amazing, 17,000 square feet with a terrace overlooking the statue of liberty and a jacuzzi overlooking the freedom tower, a tour and the most expensive apartment in all of downtown manhattan. After the break. With all the opinions about stocks out there, how do you know which ones to follow . The equity summary score consolidates the ratings of up to 10 independent Research Providers into a single score thats weighted based on how accurate theyve been in the past. Im Howard Spielberg of fidelity investments. The equity summary score is one more innovative reason serious investors are choosing fidelity. Call or click to open your fidelity account today. In a we believe outshining the competition tomorrow quires challenging your Business Inside and out today. At cognizant, we help forwardlooking Companies Run better and run different to give your customers every reason to keep looking for you. 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This actually may be specific i cant tell you that at the movement, but this sort of move would not be atypical, because the Pension Funds have to rebalance. In advance of today, equities have done so well on the quarter, on the monday, that actually Pension Funds could be next sellers of 14 billion in equities from which they will then buy bonds. The sharp moves you get are just potentially part of, sue, the rebalancing. Dupont i know has lost ground, issuing a warning today, as they tail writedowns on the invento inventory. We are see that move, because the yield has moved to the low of the trading session, 2. 534 . I think youre right on target with Pension Funds. It has been a good month. Which will probably be buying tech and consumer staples, but well see. For the second half of the year, heres cnbcs diana olick with what to expect in real estate. Heres what to watch for in the housing sector, affordability. Thats key. After a weaker than expected first half. Who chooses to buy a Single Family home and who chooses to rent. After a surge in apartment starts, thousands of brandnew units are set to come online in the second half which could bring rents down. Watch for Mortgage Rates to rise slightly, weakening affordability even further. Keep a close eye on housing starts. Singlefamily was weak in the first half with new orders flat. Home builders could make an aggressive move, but theyre going to have lo lower prices. Im diana olick. And well have more from diana in a moment on another interesting trend within how housing. First we want to pause and focus on the 118 million misting. A massive new york city penthouse right here, downtown manhattan, that is quite a sight and has many sights from it. Our wealth editor has an exclusive grand tour. We had the first cameras ever here. You had it right, 118. A million making this the most expensive listing. We took a tour with is the broker. Its almost 16,000 square feet. This will take us a little while. Ive got my walking shoes on. Im ready. How awesome is that . This is unbelievable. So then we have the separate dining area fit for a king. A separate den. I love the millwork, the coffee lights. This is awesome. White house. Wow. So this is terrace incredible. Two of four. Lets go downstairs. I want to show you the master bedroom suite. This is the beginning of the master suite. This door is bulletproof. Its a panik roc room. You fall asleep to these views. This is incredible. This apartment was going to turn heads no matter what we priced it at just because of the sheer size, because of the views, because of finishes, and because of what we were offering. And because thats part of my job. As a real estate broker, i mean, im a marketer. Thats what i do. I need to get exposure for Properties Like this, so one on a yacht in the south of france takes notice and says i didnt even know i wanted that, and now i do. So like i want, i think this is