Stocks set to open higher this morning after another wild day of trading. The nasdaq was down almost 2 at one point before turning green near the end of the day. What can you do to protect yourself in a volatile market like this . We have answers. Shares of bank of america down in the premarket after reporting a First Quarter hit by well a massive onetime loss, 6 billion, related to mortgage settlements. It wasnt all bad news for the bank in the latest quarter and well tell you why. Yahoo soaring after beating estimates in the latest quarter and a lot of that is due to the chinese ecommerce giant alibaba. Outside is the core business still strong. Well talk about that. First up markets set to open higher on a busy day for earnings and data after the roller coaster of a session on tuesday. Nasdaq making its largest rebound in five years. China gdp came in a little better than expected. Helping futures too. Although it was the slowest gdp in about 18 months. But that bounce yesterday, jim. Okay. So lets analyze the bounce at 12 58 the btk bounced. Right there. The pivot move. Led by gilead. Okay. At 1 01 the tlt peaked. Interest rates bottomed. 1 03 the s p bottomed. That can be a huge program that was put on by a margin clerk. I always try to margin people out by 1 00 p. M. When i was at goldman. You had until 2 00. Now only until 1 00. At that moment at 1 10, twitter, a tweet, announced by graph, saying that hes going to move from google to from where he was a big originator of google maps to Twitter Product development. Yes. These things occurred. Twitter goes from 41. 30 up to 45. But in those four minutes, this market pivoted and you either try to figure out whether thats because Interest Rates peaked or the margin call. Why do i say that . 12 was 58 was the bottom in the bioteches. My take is the margin call was done, peaked margin call goes two minutes later, bonds peak, and then two minutes later s p and nasdaq and thats how you get a bottom. Thats how you get a 2 rally. Is it a tradeable bottom . No. That guy could come right back again today. As soon as he sees the futures up. Whoever that is, you want to argue the guy got done. He wouldnt get done if it was by the margin clerkp. That guy meaning three part, a big seller, al go rhythms, try to figure out what hes going to sell and the hft guys who run ahead legally of course. I dont think that process can necessarily be done given the fact it was finished at the time the margin clerks finished it and we dont know who else is behind it. That pivot was totally related to margin and only secondary related to bonds because the btk did bottom ahead of the tlt. So you believe that we still are at risk of yes. Cutting through that 200 day. Yes. Getting closer to that 10 on the nasdaq and so forth . I think that whoever is selling allows the bids to bill between 9 30 and 9 45 and 9 50 and whacks the bids and everyone runs ahead they figure its a big margin selling program, usually is, and that bottom between 1 00 and 3 00 and this one yesterday was directly related to a margin call. Im done. That was great insight. All of it may amount to nothing. Absolutely. I was happy to hear it. If the guy comes back. If the guy doesnt come back were off to the races. Its the mechanics of the market. There was nothing that happened, i scanned News Headlines between 12 55 and 1 05, nothing. Nothing. Nothing at all to cause that pivot. Interesting. A good take. Youve been consistent on this. That selling or that buying into these dips is a fools error. It wasnt yelp. Bank of america today, of course, in the red in the premarket after swinging to a First Quarter loss thanks mostly to some Legal Expenses related to the financial crisis. The bank says its litigation expenses increased to 6 billion in the First Quarter. Excludeing that onetime item the banks earnings did top estimates vixs down two. 450 million charge last year hit mbia. Analyze it its down 15 . The down is an elouisry number. I like the Investment Banking up 1. 5 million, Global Wealth management weaker than i thought. I like the fact they continue to take charges. They have not settled with the justice department, 13 billion for jpmorgan. So thats still out there. They are reserving good solid quarter. That interest margin 2. 29. You know. Quite low. Down three bipartis ps. They keep getting assets. Retail was up a very nice number. You know really better than i thought, 15 . This compares favorably to jpmorgan, unfavorly to wells fargo, wells doesnt have the fixed income. A jump off the citi numbers, bac got a bit of a jump too, that might not have been justified. Stock up 44 cents, i think the stock will give back what it was over what it over got, so to speak. Its a good quarter. Blowout quarter . No. Again a consistent quarter from a company that was hobbled. Stock the best of all the major banks. It doesnt rally on this. Still got Morgan Stanley and Goldman Sachs to hear from in terms of some of the Investment Banks. Another Investment Bank going public, molar company, far smaller than Morgan Stanley or Goldman Sachs. Grub hub and other companies weve seen where people are dressed in characters like king, is moelis going to come in a carrot, you know, maybe a wrap . Exactly. Having this morning, having this morning seen his wallet has a twitter account now, i think he should come as a wallet. With money like the geico guy on the motorcycle money should just be falling out of it. I like that. Thats a lot better than carrots and chicken caesar wraps. Do you have your wallet on you, by the way . Has america seen that . Its almost like a america seen that thing . Erin burnett tells me, take it out. Heres the prescriptions by the way. Its not that bad total. Usually a costanza wallet. Im getting rid of it. I always wear it in the front it hurts your back if you wear it in the back. Talk about that in your back pocket. One day its going to go like moelis wallet. Although did price below the range of 25, 1. 2 billion overall evaluation. Well be speaking to ken moelis when that opens up. You have him here. Hes definitely going to be here. I havent laid eyes on him yet. You broke the story. But we certainly will have him around 10 15 this morning. Yahoo it spiked in the premarket after posting earnings and sales that were slightly ahead of expectations. Ceo marisa myers believes the companys core business is in the midst of stable to modest growth, but really, what was important here is ali baba, reported accelerated Revenue Growth in 2014. I talked a lot about this yesterday being the key to yahoo s quarter. That company is expected to file its ipo, alibaba, within the next couple weeks, most likely by the end of april could bleed into early may, some other reports have it as early as possibly as early as monday. You will see the filing which is an f1, not an s 1, but you will see it soon and then the review process, when will we actually get the ipo of alibaba, theyre still talking, im hearing august. Im like guys, august . Come public in august . Strike when the iron is hot, august. Or wait until september. Well see. Why wait when you have 66 growth. I was looking for 55. A lot of people looking for 51. I like marisa meyer what she had to say. I no he a lot of people say the revenues werent that great. Its got to start somewhere. I agree, were seeing early signs of growth. Thats a nice way to put it. Display pricing down 5. Losing share on surge to bing. I love usa today, always a good populous prism. Ali baba didnt beat around the bush, rescues yaho s yahoo going on a long time. Not like something that started yesterday. Weve spoken about whether there is a turnaround despite a Strong Performance of the stock, you could argue much is due to the increasing value of alibaba this morning Bernstein Research goes to a 245 billion value. Estimated value. Thats crazy. What this has done, taken the trajectory of everybodys numbers higher even though sales growth will, of course, start going lower, those numbers are still higher. So theyre now looking for 46 Revenue Growth in 14, 33 in 2015, thats higher than they had been you get to higher numbers, higher profits. Well. Higher value. You know one of the key lines in the conference call, goldman said, good stewards of the cash. What are they going to do . Take 10 billion in, 12 billion. Who knows what the number will be, sell 12 or half their stake or less. How many shares they bought this quarter. They keep buying. Should they buy yelp . You know i think they should but yelpp has come down 40 points, still expensive. Nice upgrade at citi. One of the things that people remember google will bid for 500 pay 500 million, its going to cost more to buy that. Its the same reason i wish zillow would buy trul yo. Too many stocks in the sector. Yahoo needs growth. Tum blar being great. Sumly. I like redit by the way. Readit. The younger people like redit. The agreemergument she at les enough to say its working. Mobile social native video, theyre not a big part of the company but going in the right direction. Keeps saying increasing signs of growth emerging in search and display. Those numbers you gave me would indicate thats not true. I think its fine. I think that yahoo goes to 43, 45 when ali baba comes on. Really sfw. I do. Others suggest more resilience in the 30s. If im a growth manager i would sell every stock and buy alibaba. I cannot believe that acceleration. This is china were talking about. China. Its quite an acceleration. At some point there will be competition. Something called jb com coming public. Military allow competition there . I think they do. Occasionally. Depends. Maybe not for waway. Thats a story for another day. Indeed. In the meantime focus on today. Toyota unveiling a new version of one of its most popular cars. Were going to bring you the first look out of new york. Also ahead, wellknown wall street deal maker ken moelis. Whats the twitter account of his wallet . Kennys wallet. Better than cramers shirt and hair. He started today but it was clever. Very clever. Investment bank goes public, ticker mc. Talk about that at the big board. One more look at futures trying to build on the bounce yesterday. More squawk on the street from post nine in a moment. Nine in. Welcome back to squawk on the street. We are seconds away from a march look at Industrial Production, Industrial Production rises, 0. 7 of 1 . Besting expectations. In our last look doubling up 0. 6 to 1. 2. Utilization leaped to 79. 2. Its the best read on utilization going back to june of 2008. June of 2008. So we are seeing a bit of a pop on the production side and, of course, this is a good thing and much might be the renaissance in energy that we have been seeing. Also, a little bit of weather, have to be fair, didnt see it in housing, but getting maybe a potential kick as we get into the post cold weather area with regard to the calendar. David faber, back to you. All right. Thanks very much, rick santelli. Intel apparently beating the street this morning. The companys firstquarter profit exceeding wall street estimates. Still dealing with slow demand for pcs. The ceo says the companys goal to take out market share in tablets is on track. We shall see. I dont intel, microsoft, question is, how do you deal with both i think . And the continued overhang of the decline in the pc, are they running away from it fast enough . I like the quarter. I think that theres people who didnt like it. I dont know. You go overs the line by line, the ceo starts off saying pc client platform did okay. Company spending less money. Thats important. Expenses are going down. Youre going to spend less money on Capital Equipment too. I think its finally happening. I have always liked stacy smith the cfo talking about the second half being terrific. Gross margins, get the magic number of 63. 60 this quarter. A lot of the discussion is, all right, the thinking was, you transition to tablets, margins take a hit. Their view on margins for the year does not back that up. They said theyre not afraid of the 200 pc, continue to see strength in the enterprise, internet of things. People are still thinking its a pc play. Saying the pc market has stabilized. If the stock handent run it would do much better like the bank of america situation. You could get a dividend boost down the line. The op ex dropping materially is very important. I liked the quarter. We dont fear the low end of the market, my favorite quote. I liked it. Again, a point weve made many times, 3. 36 dividend yield. Which may be one reason why weve watched these stocks as we watch all the high multiple stocks get crushed, the dividend payers have benefitted. John fortt will have brikrzah on this afternoon. Spend like a drunken sailor. Okay. Something. Its entirepyly possible the previous guy spent enough. The last few Conference Calls have been about when are you guys going to stop spending and he stopped spending. Thats why i would not own lamb, i would not own ahmad. When you say stopped spending hes in a technology business. You cant stop spending. Many different fabs have been built for many different kinds of products and remember, they got eviscerated by they got eviscerated by the british on this thing and, you know, i think that may be over. It may be over. When we come back well get cramers mad dash. I like that. I like the quarter. I have a great cocacola now. Take one more look at futures. Nice premarket action. Well see if it holds. Up almost triple digits on the dow. Squawk on the street is back in a minute. In a minute. Welcome back to squawk on the street. Im phil lebeau live at the new York Auto Show. This is the all new toyota camry unveiled within the last minute. Might be saying all new, didnt they come up with a new one a couple years ago . Because its facing pressure from more competition, they have stripped it down and rebuilt it. It is slightly longer, a little bit wider, and a much more aggressive stance. Whether or not thats enough to keep camry on top as being the bestselling car in the u. S. Remains to be scene. Thats whats happening right now here at the new York Auto Show. David, back to you. We were talking autos yesterday here with kyle bass as we get to our mad dash for this morning. Specifically, gm. We had a conversation right here about that stock. Lets talk about that. Now my travel trust owns gm. Ive been dead wrong about it. One of the things ive been dead wrong about i felt that frankly the liability here for these deaths could be huge. Now its very difficult to talk about this. Obviously money and death dont go together. But no one could stop buzzing about kyle bass analysis of the fatalities. And it was kind of like a huge wakeup call and the stock, i believe, i know this is a frightening concept, it bottomed at 3. 6, 3. 7 yield off your interview. Your interview told the truth. It wasnt the the kind of headline risk that weve been hearing about. It was the actual what gm could present when theyre being sued. I thought it was an amazing interview. Interesting you thought that. It was amazing. Kyle admits hes been dead wrong, dead wrong. But he did admit it. Youve owned this for a while. He bought this thing, straight down, didnt sell, has bought more to the detriment of his fund holders but hes a believer at what he calls two times ebitda. Two years worth ebitda what the market cap equals. The tenyear he thought would go to three and the pension obligation would go down. His analysis of what happened here, is better than barras analysis. What does that say about what a poor spokeswoman she is. I dont know. He may be willing to say things they are simply at gm, when especially when up in front of Congress Just going to take the blows, not going to fight back. Many ways to tell things. He told the truth. My travel trust is long and has been horrible. Lets talk twitter for a second. Lets do it. The reason i like this, the move in twitter yesterday, once you got the good piece of news and the good piece of news is frankly that tweet again that daniel graph gave hes going there, people dont usually leave google to go to twitter. If you look at what it means when these guys said they werent going to sell. Evan williams owns 9. 4 , hes not selling, jack dorsey 4 , benchmark, 5. 4 , do you know that 40 of the flow is short here betting obviously there would be a huge secondary and everybody could cover. If there is no huge secondary you have the possibility with a better quarter. But the key is better quarter. Right. You have to show significant Revenue Growth, some way overcoming this concern about user growth. And the socalled scaffolding around the business theyve talked it about makes it difficult for people to want to adopt it. They have to show that, those who hold their shares it had been a free fire zone short. It was like rolling operation Rolling Thunder against this darn thing. Because it went to 70 on air. Individuals who love the product. Those people have all been blown out. If the numbers are good, this stock is going to go dramatically higher because of the short interest, 40 . Not enough float. Were going to be watching twitter. A lot of Technology Names that did have at least a bit of a turnaround. The opening bell just a few minutes away. Squawk on the street is right back. Back. Female announcer get on board for better sleep. Its sleep trains interest free for 3 event. Get three years interestfree financing on beautyrest black, stearns foster, serta icomfort; even tempurpedic. Plus, get free delivery, and sleep trains 100day low price guarantee. Youll never find an Interest Rate lower than sleep trains interest free for 3 event, on now. Sleep train your ticket to a better nights sleep this is mike. His long race day starts with back pain. And a choice. Take 4 advil in a day which is 2 aleve. For all day relief. Start your engines but with so much health care noise, i didnt always watch out for myself. With unitedhealthcare, i get personalized information and rewards for addressing my health risks. But shes still gonna give me a heart attack. Thats health in numbers. Unitedhealthcare. 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