that means amazon down or microsoft down because people think it's slowing people mention tesla you don't need to buy more than that right now you can get more opportunities to buy stocks. it's a weakness, keeping my power drive for the rest putting money away in short, i am not saying, okay. that would be foolish. i wish powell hadn't made these commence until the market finished processing the new variant. i think this weakness is potential absentee workers who fear omnicron will have inflation first. we never seen anything like it powell's got the bases covered powell's gotten it over with he said what he had to say about inflakes or bond buying without lock rate hikes. they did it in 20 on it's almost cathartic. i still want to be conservative. and be sensitive to the first omnicron casualty here this sell-off is based on covid and the fed, probably equal parts. for now the fed won't say anything right. that damage is done. while we're in omnicron purgatory, you need to keep your market dry we get a wave of sensationalist stories, another news wave has arrived in short i'm trying to p

is that a positive sign for microsoft? >> microsoft has been a great performer. it's not exhibiting the same characteristics that apple is. i would rather be in microsoft than the s&p i would rather be in microsoft than broker dealers or other cyclical stocks showing real distribution if one had to choose between apple and microsoft, by my work, apple is the winner. >> carter, thank you would you make the same choice, karen? >> well, i have them both. i don't know i guess not then i have them both i keep them both i think they're both great it's not a terrific answer, but that's my book. >> i guess it's like asking which child you love more. >> exactly i do have a favorite >> dan, will ask you >> just kidding. >> i think the more interesting question -- carter said he would rather own microsoft than the s&p 500. i would rather own the s&p 500 for a lot of what we have been talking about is the poor breadth. we have a lot of stocks that have been marked down. there was a stat about how many stocks -- more than 50% of the s&p 500 are down more than 10% from their r

because microsoft is the other one. it is a bond with growth and a thing where it seems like it has maybe some beaten don expectations going into this tough macro moment right now and therefore had upside potential energy beyond that i don't know why we're piling in to apple. >> tesla is positive today. >> another one that is its own asset class with a constituency and goes on the own rules basically. >> not up 2.5% apple is. looking at the big board down 700 on the dow down more than 2%. on the s&p 500 as well just going back to scott's point moments ago i get that we are close to the all-time highs but below friday's high now and the vix spiked are those significant? >> reflecting the fact that we have a very unsettled uncertain moment the come by nation of having a lot of house money built up through huge gains year to date and not just the indexes but individual stocks and the impulse to try to lock that in, reduce risk and potentially harvest some tax loss offsets in the weaker stocks at work today. i don't think t

amd, microsoft, very strange flight to safety, call it flight to apple apple is getting huge volume and up, the only big tech stock trading on the upside. also we've seen heavy volume in technology, all of the big etfs, the heaviest traded etfs are tech names the tech spyder, vanguard, the qqqs is tech stocks, the russell 2000 small cap names have trouble if interest rates move to the upside. we have a problem, tyler traders were worried omicron would hurt investor confidence, hurt the supply chain and hurt margins. now powell has come along and said wait a minute, we're going to get more hawkish, not less hawkish on the omicron concerns and that was something nobody was quite prepared for so everybody's trying to figure out what's the right playbook here and that's why you get heavy follow for example in technology stocks where nobody's quite sure how to play that right now tyler? >> thank you, bob pisani >>> next our guest says the fed will likely start hiking rates september and move six times before the end of 2023 let's bring in bruce kazmin, head of global economic research and ch

. >> nadella sold almost a quarter billion dollars of microsoft. >> can you really blame him? that stock has appreciated tremendously. >> twitter has a headline out, starting today, you will not be able to share private media such as images or videos of private individuals without their consent. >> you have to pay >> that's just the headline on the reuters a moment ago. >> somebody who takes a video on their camera of somebody and puts it on twitter, no more, unless that person consents. >> interesting agrawal is the youngest ceo in the s&p. >> really? >> interesting note yesterday, that the heads of ibm, microsoft, twitter and google are now all immigrants raised in india. remarkable. >> i'm so proimmigration half the people probably hate that when you look at salesforce, always has the list of people who weren't born here. maybe that's our nation's strength is the melting pot. >> for a long period of time >> remember your parents were saying, we have a melting pot. that's good. then the melting pot turned out to be a witch's brew. >> don't go back too many generations for us

microsoft teams pops up on a bc when ever you open it. nothing sells like systems that you can't get rid of when they down loaded right to your computer and some stealth upgrade that happen in the middle of the night that i can't stand. there's netflix. this is a nice story they did well in the lockdown and shockingly well in the roping how about alphabet did better than any fang stock wait after this run is too dice zi to pull the trigger facebook, meta platforms who else wins in the a slowdown. sometimes you can't over think it you have to say the utilities. we're so blessed to get the regularly quarter lowdown. when we spoke to the ceo a couple of weeks ago, he told the story. the stock is 83 bucks in the mid range between the high and low just as important the fed won't hit us with a rate hike. it's hard to go wrong with ap even though no one says jim thanks it's double and gives me a great yield the whole way through. what about the other winners you have some health care plays you have to get into let's get to the crux of what works

you can come in and buy microsoft down 5% today or alphabet down 5% from the highs and not worry about the pace of economic reacceleration. you swing back to the possibility that growth sees a hiccup not sure there's high conviction seems like those are the easiest big index names in these situations to make a bet that taking a trillion dollars off u.s. cap is an easy way to put that trade into place. >> did it flush it out >> it was too brief. three and a half hours of trading. there's concentration in the etfs a threat that seechls toothless is a friend of a bull market because they reload and buy a dip. now on watch for was it really only the new variant getting people concerned was the market tired internally. you have to wait and see. >> jason, have you been buying on the dip of friday >> yeah. i did. i added to the kre position, financials given the information thinly -- thin volume day, bad 0 vid -- covid news a recipe to pull back there's exposure to the financials and mega cap tech and the playbook as mike described hasn't changed much. folks look at short duration assets comp

that's not a broad rally all the power is in the tech stocks apple, microsoft, salesforce, it's cisco, it's intel but all of the consumer names, merck, disney, verizon, for example, r all a lot weaker. this is not a unilateral advance that we are seeing as for the rest of the market semiconductors are the strength in the technology sector nvidia is complete round trip. 246 thursday, 214 friday, back to 330 a round trip for a lot of the semiconductors energy is up, there are concerns about travel-related movements as we deal request new variant all of these are nice ounces but it is not close to where they were at the close on thursday. no exactly a round trip for energy finally, melissa mentioned some travel and entertainment stocks. the cruise lines and the airlines are notably underperforming other parts of travel and entertainment the hotels are doing a lot better and the companies that provide live entertainment are outperforming. what this tells you is people are not sure about going on long trips but are still interested in going to hotels even if it is just on a local level. ba

companies, you see that that has bode well, putting in company insiders to replace the founders at microsoft, apple, alphabet, you've seen all of those co-founders sort of take a backseat and the people that replace them doing a very good job. of course, jon, amazon just did that this summer it's still early for andy jassy, but the trend so far has been pretty good. >> yeah. and i think it's important to put twitter in a whole different context than those companies market cap of this company is under $60 billion. what, let's see docusign is bigger than this, snap is bigger in market cap. it kind of has the feel of an underachiever a bit, not to cast aspersions at all on jack dorsey it has clearly its challenges being compared to facebook but even compared to a lot of other companies in tech at this point, there's a lot that could be done with twitter, carl i don't know, i think a lot of people have the sense that this is a company that while it's culturally important has played it safe along a lot of trends and a lot of different ways. so there's room for somebody to take this company in a d

microsoft is a powerful opponent >> microsoft is a great money on list, everybody loves it they basically can spend as much as they want you can never outspend them. it is like going up against the u.s. government when you are -- >> that's what i was going to say. i think zoom has an installed base that is consumer. they need to go up cisco wants to go up, too. but teams is building to -- teams reminds me a lot of when you used -- remember the browser with microsoft, the browser used to pop up and there was nothing you could do. >> yeah, yeah. >> then what happened after that >> there was this answer trust thing. >> david is right. they are so powerful they are like the government. when the government hears that are you trying to get something going against them. >> microsoft no, they are down the list a little bit. >> they have been avoiding any -- >> there are investigations going on, the d.o.j., and alphabet, and the ftc and meta they are trying to come back even though they were shot down. amazon. >> did you ever notice there is a company you would have to pay $200 million to run this

we have the tech cycle going 2022 we have a nasdaq, 19,000 target and names like apple, microsoft across cloud cybersecurity and these are the times to earn these names and your other guest talked about, in our view it's a semi-remote environment that's here to stay and it's another reminder in our opinion to buy these tech stocks. >> what if we go back to a period where tech gets hit because anything that's considered highly valued if the fed does a faster taper if this variant does not prove to be as worthy of economic concern if it holds up against vaccines for instance if you're in that environment, then tech is not so popular. when you look at names even like a microsoft and we try to use the safety blanket name in this environment and there are higher risk names like docusign other andsand it's a industrial revolution playing out right now. we'll have 3 to 4 trillion of tech spend over the coming years and what's happening now is it's accelerated in this environment. you can have cybersecurity, cloud and apple and we've done the black friday checks that shows that apple will sell 1

narrowly, down 2.75% 2% decline for microsoft alphabet down 2.5% amazon, outperformer, only down 1 and a third percent. e-commerce helping buoy that trade. tesla down 2% as well. these five stocks makeup a large part of the overall s&p 500 and nasdaq the tech sector overall, the pull back from highs we have seen recently is still modest. if you look at one of the etfs, xlk, that move puts you 4% below record highs we have seen in the last couple weeks to put that in perspective now. also, if you want to look at what's working versus what's not working, there's been an interesting move in certain parts of the market that have shown signs of life versus others that have not if you look at some stocks in the news today so far base of trades we have seen, look at names that have done well, beneficiaries of the lockdown we saw last year during the covid pandemic zoom video, now up 7%. that's off session highs docu sign up 2.5%. teladoc health, up 5%. etsy is down 1% now, and peloton, big underperformer when it comes to connective fitness, up 3.5%. those stocks that benefitted the most durin

microsoft surface devices, orchestrated by cdw. they adapt to each user and deliver multi-layered security, so your workforce gets seamless experiences wherever they roam. for devices that fit your unique workforce, trust microsoft surface and it orchestration by cdw. people who get it. ♪♪ in boxing or any other business, one day, you're gonna take a hit you didn't see coming. do you stay down? or do you get up? [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪ >>> good morning, if you are just waking up or just rejoining us here on "worldwide exchange." that graphic is not incorrect. we are seeing a selloff across the board across all asset classes with the exception of treasury bonds across the world as well. we are seeing dow futures down 700 points right now nasdaq futures are down about 1.7% as well all on concerns of a new super mutation of a covid variant that has been identified insof south africa, a passenger in israel getting off a flight has been identified with it as well the

i think these big cap names that are still relatively fairly valued like microsoft, apple, facebook, google, to a certain extent even amazon, believe it or not, i think they'll continue to do the grind. i apologize, dan actually asked me to go to the application forum to buy the skype thing i wasn't able to get there there was too much traffic i apologize to our "fast money" audience >> the lines are real long for the applications these days. that's popular >>> steve grass so, what sectors? is there a seasonal trade sector wise to your end interview >> yeah. i mean one of the names that i hold is still sonos. i think a lot of their headwinds where you couldn't get products on the shelves you couldn't get products for them to actually get in the hands of consumers those are, have gone by the wayside. i think names like that, i think travel names will be up. names like costcowill be up. there will be a chase still for some portions of retail. other portions as we've seen that don't have pricing power will fall out of bed i don't think you are going to see. i think you will see vacation

you know, i don't see why you would choose zoom over microsoft. >> microsoft teams a lot of us use it that's a great point microsoft currently trading just down fractionally on the day gina and delano, thank you. >>> seema, thank you very much. >>> up next, boston market calls thanksgiving its super bowl. the company is here to talk food inflation and holiday demand >> announcer: and now, the latest from trading nation.cnbc.com and a word from our sponsor. ♪♪ in boxing or any other business, one day, you're gonna take a hit you didn't see coming. do you stay down? or do you get up? [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪ as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. >>> welcome back, everybody. in case you hadn't noticed, food prices are going up just in time for thanksgiving wheat prices up 13% over the past month highest level in about nine years. that was hit earlier today there you see corn and oats also up sharply that explains why the av

punching above that milestone here is a look at the top performers during that period of time goldman, microsoft, home depot, amex, apple, all of gains within 40 to in goldman's case 68%. boeing and walmart is the worst performing walmart is the best of the group with a 3% decline. verizon is the worst, dropping 15%. >>> let's turn to shares of hp ink today, leading the s&p after better-than-expected results and strong guidance for the quarter. the ceo telling jim cramer they expect to see robust demand for pcs and prioritizing commercial clients. shares on pace for the best day since march 2020, up nearly 11ers. to rahel solomon for a cnbc news update rahel. >> hi, kelly here is what is happening at this hour. >>> verdict reached. that is the word from a court sheriff at the trial of three white men charged with killing ahmaud arbery. outside the courthouse supporters of the arbery family are calling for justice. >> let me -- let me say that is yet to be answered is will we get a verdict like the ones from the jim crow era or will we get a verdict that says, america, we are better than this, we

that supports my opening remarks in which i suggested that there will be a resiliency for the apple, microsoft, facebook, alphabet-type of mega-cap equity names. they are delivering double-digit revenue growth they are conducting their business with strong, operating leverage and margins and they're generating significant free cash flow so i would agree with that and that's where this kind of differentiation sets itself into place for technology, and i also think it kind of plays a little bit back towards what kathy was speaking about this morning, if you look forward over a five to ten-year period i don't think many of us would be surprised if i said kathy would enjoy a positive annualized return the question becomes is it a single-digit return or a double-digit annualized return in the here and now the problem that kathy has is that her strategy, unfortunately, is so highly correlated to whether deflation takes hold, inflation takes hold and the position of interest rates and that's a difficult position to be in right now. see i kind of fall back upon when you're in the environment and when

channels >> where have we heard that before this phrase like some of the incumbents in issues like microsoft. google, apple. >> i thought grammar wasdead o line how about making your words and grammar look different watch dell and gm there, you can see both are up more than 3.5% right now on cnbc.com. more tech check in a moment. >>> welcome back in the green today software and cloud stocks have been hit especially hard out with earnings. beating expectations reporting a loss and our stock moving up higher are about 6.5 to 7%. good to see you again. i want to ask you particularly about your reintroduction of guidance here. given what we saw from auto desk and another software what is giving you that confidence to be able to build visibility at this point >> one of the things as you know we've been doing transforming to be a subscription company. at this and we have the stability of the renewals business starting to kick in so this, combined with the solid operational that we've built over the last four quarters, that we've consistently beat expectations and raised them going forward, gives u

microsoft surface devices, orchestrated by cdw. they adapt to each user and deliver multi-layered security, so your workforce gets seamless experiences wherever they roam. for devices that fit your unique workforce, trust microsoft surface and it orchestration by cdw. people who get it. >>> welcome back germany. est's new leaders are ready to take power they emerged from weeks of secret talks to announce they have an agreemtd on how to form a coalition government they will replace chancellor angela merkel. members of the three parties need to ratify the deal and that's expected to in the next week or two. >>> the jury in the ahmaud arbery trial came in the court room briefly to rewatch videos and asked to hear the 911 call that one of the defendants made the day ahmaud arbery was killed >>> and nasa announced a spacecraft that will smash into an asteroid. this target is not a threat to earth but nasa wants to know if it can divert an asteroid if it is heading to collide with the planet certainly hope so. >> that is a highly anticip

big companies are using microsoft teams and cisco. is there enough for all of these companies to kind of win and still make gains or are you convinced they will win at the expense of companies like cisco? do you make any bets, go long some and short cisco or the others >> well, we aren't, we're long only at least at the moment, and, yes, we do think it's at the expense of the old telecom equipment companies. and as i mentioned, this is a $1.5 trillion category we haven't ripped and replaced for 20, 30 years this is a very big replacement cycle. we are at the very beginning of it. >> real quick, because you said at the moment you are long only. do you have any plans or thoughts about adding short positions to some, one or more versions of your funds >> well, we have internally for employees only, we're testing out a portfolio, but it's really ark on steroids if you can believe that we want to test it out on ourselves first and make sure that everybody keeps their eye on that five-year investment time horizon which is our time horizon a

microsoft taking carbon out of the air since 1975 interface coming out with tiles that absorb carbon we're seeing companies starting to think about net positive. but now we need to do that at scale and speed and do it holistically the that is what the book is about. >> the book is terrific. it's very, very rigorous it's no the just like, look, we have to be, you know, let's save trees. this book tells a lot about what -- i hope the ceos read it. you should read it too paul, thank you for writing the book the first guy that ever really wrote us is staunability reports, a person who taught us so much. paul pullman, co-author of "net positive" and a guy that made a fortune for shareholders thank you for coming on the show, paul >> enjoy holiday season. >> thank you you too. you should get it just to read about the short term fight he had with kraft pies. its joyous the good guys won. "mad money" is back after this >> coming up, a storm is coming. cramer has the answers to all your burning questions the lightning round is next. >> next, brian laund ri's cause of death released. the new q

it's not going to come out of microsoft or nvidia. so it's the names people know. do you think what people want to rotate into value they're really juiced up getting into a dow, a d-o-w, or some of the names i'm long they don't know those names. people go back to what they know, what they're excited about. i think it's the end of the game for the high valued stocks that everyone just found out about. >> i don't want to pick on kathy wood over at arc but throw that one in because it has been a rough ride. they are symbolic of that retail trade and what was amazing about that report -- and we ever highlight reports to this extend but, pete, it is still heavy in this market. they're still in there when it comes to daily active traits, to call option, and that tells me they are suffering, weathering, you used word from this pullback, whatever we're seeing from the past month or so. >> yeah, i find it interesting because i wondered when the time would come we started to go after the high multiple stocks it's a combination of a lot of different things going through this

the blue chips attack are doing fine microsoft, down 3% still up for the month apple, facebook, looks okay. but much more on the concept stocks about next year, broken momentum in there. you have a lot of tax law selling i think and exacerbating things some stocks blew up hard and seeing it get to the rest of those groups they're all looking pretty oversold looking at the fintech and the cloud intraday they look like they're trying to get a bottom impossible to see where this is cleaned out. that has to be done on a positioning side but it seems like the process is underway you have to look for clues when they stop going down more and the rotation is running the course you will talk about global investing relative to the u.s. with mark mobius look at the united states market in the last five years compared to everything in the world, aside from the u.s that's the acwx and the s&p tech sector tech and mega cap growth mega cap growth in the u.s. accounts for almost the rest of the world. there's nothing comparable to that to rotate into the rest of the world and the valuation and mean r

microsoft from the tech side of things and then walmart. take us through why those three are your top picks >> so exxon oblviously related, we believe there's plenty ofup side in today's move by the administration to release reserves it's a temporary fix we're not producing enough oil and as a result, there's going to be price increases. it's a global commodity, but the opec plus group has no real impetus to increase their production as long as they're not losing share and right now, they're not. exxon mobil is incredibly cheap, a 5.8% dividend yield. microsoft is just a great story, executing on all cylinders we love the azure business we think they're taking share from amazon web services when we think about corporate america, if you're thinking about outsourcing to the cloud, microsoft is a trusted business partner. amazon is a potential competitor we can see their growth quarter by quarter they're gaining share. and ultimately walmart, which is executing incredibly well here mark talked about the supply chain dynamics clearly the big bo

that big tech is still underowned as you suggest it's over owned and she said it's not that apple, microsoft and amazon's active portfolio weights are one to two points below the s&p 500 waiting indicating shares are still under owned. >> right >> so, i don't know what you do with that, but this seems to be a very interesting piece of research not to mention the fact that it's almost like you can't discuss apple and microsoft in the same way that you talk about other tech stocks because yes, there are valuations from a historical standpoint may be higher or the highest that they've ever been. they're still deemed by some to be cheap, if not value stocks and at the same time, defensive, and that's why money's going continue to go there >> well, you have to say free cash flow. >> microsoft is 6.4% of the s&p 500 and that's a big, big weighting. >> apple say 6% weighting and i still own a lot of apple, but i'm not going to be overweight i don't think that's a prudent thing to do as a portfolio manager. i don't want to become a faang portfolio. that's just not my style, so yes, i agree that they

clearly microsoft has done really well, up selling their office suite with the e3, e5 bundling and we think teams continues to get better over time so, you know, i think the competition in this market is picking up for sure. >> tyler, different industry sort of. but i remember when qualcomm didn't get nxp and people thought, oh well, how are they going to get into cars this is a major problem. the stock is down. zoom didn't get 5-9, but they still have this focus on enterprise, i imagine they have a build out more salesforce, more process along that but they have a product that's been not only business tested but consumer tested at this point. so at what point have investors underestimated zoom again? >> yeah. i think certainly as you point out the stock is down more than 50% from its highs and you know, still up from pre-pandemic levels. so we could potentially be getting closer there i mean, my target is 250 post this most recent quarter i think the thing that, you know, you need for a stock to turn around is when you start to kind of get some better news flow -- and the challenge i

microsoft surface devices, orchestrated by cdw. they adapt to each user and deliver multi-layered security, so your workforce gets seamless experiences wherever they roam. for devices that fit your unique workforce, trust microsoft surface and it orchestration by cdw. people who get it. ♪ ♪ ♪ ♪ ♪ on my travels across the country i came across this house with water dripping from the ceiling. you never know when something like this will happen. so let the geico insurance agency help you with homeowners insurance and protect yourself from things like fire, theft, or in this case, water damage. now if i had to guess i'd say somewhere upstairs there's a broken pipe. geico. save even more when you bundle home and car insurance at geico.com. . >>> good tuesday morning, welcome to another hour of "squack on the street. lively at post nine of the new york stock exchange. trying to reclaim 4700 on a busy morning, most sectors are up as well >> it's been a busy start to the week it's 30 minutes into the trading week we're going to s

where companies that are able to pass on some inflation, if you look at -- moves in netflix or crm, microsoft, these are all subscription models that have built-in inflation hedges and that runs across the gamut countries who don't -- and we're seeing that part of the market moves over the past six months it's why we would favor those types of stocks where you can be fairly sure that they can price more to their consumers, whether they're industrial or people in late positions or you have a subscription model where, you know, the price goes up and people take it >> okay. we're going to have to end it there. we have -- don't have a lot of time left. thank you. we're going to go. becky, andrew, happy thanksgiving make sure you -- we have "squawk on the street" coming up next. ♪ >>> good morning welcome to sid"squawk on the street." i'm carl quintanilla with jim cramer and david faber the white house announcing that spr release of crude oil, europe's covid wave intensifies and there's pain in specialty retail yields are up after the powell news and the vix is approaching 20 jim, we have a lot

so microsoft is investing heavily. they said before they plan on going after zoom with all they have and eating their lunch. so zoom, i would not -- i'm in the camp that rallies had to be sold versus buying the dips. i think this story has done a complete 180 and there's no growth and the valuation's probably still too steep, the stock down another 8% today. >> i guess the hope there would be there is going to be this model, this hybrid model for a while, if you go down south a lot of people in the office, but in the northeast a lot of people pushing back will there be a market longer term for zoom in it's not going to be what it is but we're not going to delete the app off our phones or computers, it's going to be a hybrid situation where video communications have a role. >> exactly 100% but i think the difference is, as you said, and in fairness to zoom, i think the last quarter was better than many expected. but with smaller customers being a top piece of the revenue pie that's going to lead to a volatile metric. yo

microsoft was up a percent home depot was up. exxon was up jpmorgan was up. under the hood, there's devastation. some of the other high valuation names that have hung in there. smarter market cap were getting destroyed too. it felt like a lot of bad action the stuff they were crowding in and the stuff they were selling, there was no low low enough for. >> talk about crowding apple and microsoft are up 10% in the past month. it's not just today where apple hit a new record high. tim and bk, both on our 12:30 ampbs call said this is a huge day for the market i'll start with bk why do you think so? >> well, dan hit the nail op the head when he said you expected that growth wads going to be better they are going to slow the growth of the economy. that's why you see that today. you saw the bond market move that translated into the high pe names. the names that aren't going to do well in a slower growth environment and that's what we're seeing this is a bit of a change in the guard. when i look at the bond market and take the ten year, once you get the ten year abo

. >>> uber now getting smoked this morning as wells gets bullish on microsoft. both of those stories are next "techcheck" is just getting started. ♪ it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. look, if your wireless carrier was a guy, you'd leave him tomorrow. not very flexible. not great at saving. you deserve better—xfinity mobile. now, they have unlimited for just $30 a month. $30. and they're number 1 in customer satisfaction. his number? delete it. i'm deleting it. so break free from the big three. xfinity internet customers take the savings challenge at xfinitymobile.com/mysavings. or visit an xfinity s

. >> unsung heros of the bull market and the one that is most is microsoft. today wells fargo out saying listen, next to 2.5 trillion, cyber security, operation margins expanding. this is microsoft. >> i love we put up 20 years or 10 years, story. >> i think this is an argument potentially index fund because i think that this is they've put together an amazing team my travel trust owns it. i'm saying it's untouchable. you can't sell this thing. it's too good. >> i mean, market is -- has already historically leaned on mega cap tech, but especially last week, right >> last week was incredible because what happened is that all the money went to mega tech. the nasdaq was up almost every day. the dow was terrible but what's happened there's a group of stocks, by the way, met -- meta does well, apple has broken out to all-time highs >> apple almost equal to the s&p's performance of the year. lagging by a half. >> lagging terribly. next will be amazon. >> made that up in the last week and a half. >> the car >> waze it -- what is it >> microsoft keeps going up and th

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you may look at alphabet, amazon, microsofts and the like. we have used some structures consistently on the show recently because of implied volatility i am talking about call spread/risk reversal i think it's a good name to use in this as well. why not just go ahead and buy the upside call spread in this name, if we are going to buy an upside call spread, what has to happen is the stock has to go above the call strike by at least the amount of money you pay. before you see profits, you will see losses at any number below that if you sell a downside put, particularly if you can get it to pay for all or the premium of the call spread, essentially you will see profits if it rises or not see losses unless it falls below that put strike. i think i was looking at the 3.80, 4.50, if you just bought that call spread, about a 31% probability of profit out to february if instead you sold the downside put, you could put that trade on for just about even. that downside put is nearly 13% lower than the current stock price. so for one thing you will see p

we have been a long-term holder of microsoft but our view is that microsoft is a top choice when companies are consolidating. i get they have a lot of smaller companies, but that has been declining in terms of growth rate it has been decelerating so they need to go up market so from the technicality, if you are trading zoom itself, shares are down 26% since second quarter print. i wouldn't be going against anybody long here. i would say stay neutral if you are trading zoom because there is a risk of a short squeeze, but i am most interested in learning about microsoft from the zoom call. >> guy, what are you setting your table with? >> dutton. dollar tree had a big move to the upside prior they report next week. i am watching to see if their earnings release will hold up and keep the stock at these levels i think it will be fascinating to see and then i will go downstream. i don't want to give away my final trade. >> good one. dan? >> best buy is interesting to me the stock is valued at about 35%. it feels like it's in a straight line expectations are pretty high what they have to say abou

alphabet, and microsoft. and the semiconductor etf is hitting a new high this week what is hit? travel stocks. again down witness to three percent today. peak travel optimism was a clear date november 8th the day the u.s. okayed foreign visitors to come in. since then, straight down. since november 8th same with oil. oil is a proxy for global travel topped out at $84 two week ago now it is $74. most of the big oil names are down about 10% since then. an interesting week, kelly become to you. >> key if it helps with the gas prices in next week's big travel week bob, thanks. >>> let's go to rick santelli and check on bonds. >> my phone was going off like a pin ball machine at 2:00 in the morning about austria and bavaria cancelling christmas festivities. closer to our time zone, germany saying an entire country lockdown wasn't going to happen. and all of this putting huge volatility in the marketplace in a sort of flight to safety trade. look the 24-hour chart of tens you could clearly see when the headlines started to hit how yields drop. right now at 1.53. down six on the day, d

microsoft and sony said video game sales looked good for them. is it going to be a follow through for best buy remember, we just spent so much money outfitting our homes and our technologies for work from home, for our kids to do school from home. how much more can you really grow on top of that? so it is a tough comparison here going forward for best buy in this quarter >> all right gina, what would you do with the stock? i was in a store the other day for the first time in a couple of years and it is amazing how much you can see andtest and experiment with, whether it is podcasting equipment or cordless vacuums. >> yes and i think, you know, courtney's point about whether or not demand can remain as robust as during the pandemic is a big question one thing best buy has managed to do is they've managed to flex their pricing power and be able to pass some of the wage hikes and other costs that have hit them through to consumers. so i think that's a positive story. so even if they do suffer short-term supply chain pain, they should be set for the

and willing to buy oracle, you're buying software companies no difference in buying bitcoin than microsoft is my argument. it's a software. ethereum is a software people should take note. a lot of people don't know sitting around the dining table thanksgiving in the last 12 months, $3 trillion worth of economic transactions have happened on ethereum that's a lot of capital. and it's happening every second. ethereum is a little slow and i'm taking bets on other platforms and all software development. that's what this crypto thing is about. maybe you want to trade bitcoin. i buy these positions and hold them for the long term and leaving tonight to go to abu dhabi because all these leaders and development teams are going to be there and spend eight days talking to all of them this is going to be one of the largest gatherings of crypto in the world ever i have to be there >> okay. pete, no crypto for you or do i just not have it on my sheet >> i have some exposure, scott, but nuthing to the extend of what we're looking at when kevin is talking about some of these various names. i'm in specifi

a new solicitation posted this morning online sees the pentagon asking amazon web services, google, microsoft and oracle to bid for this new cloud contract. the size of which remains unclear. but certainly it opens up the competition for at least these four companies seen as a major win for all of them to get a piece of a very lucrative government deal. now back to you. >> thanks so much, kayla interesting news there >>> shifting gears, vaneck launched bitcoin futures etf trading under the ticker shortly after the etf rejected vaneck etf that sought to track bitcoin directly joining us jan van eck let's start off with your response to the fact that sec continues to deny direct bitcoin etfs >> it was sad news last friday you know, we've been trying to get a bitcoin etf approved since 2017 the logic, it wasn't surprising decision the sec is very clear that they would like some more insight/surveillance into the cash bitcoin markets that just having a regulated bitcoin future's market isn't enough for them but we're happy to have a bitcoin fund in the market i think investors are dramatically un

nasdaq a record high as well, microsoft once again is on a tear yields come down and people rush into tech. >> yes, they go to adobe, which isn't talked enough about. i find it over and over and over again, even before microsoft, of course they have no supply chain issues, no issues. i don't know why the stock doesn't get respect that i expect it to get i don't understand that. >> well, we have -- and we've all pointed to obviously incredible performance >>> guys, something we haven't talked a bit about is spacs. it kind of points to things that are still going on, what was still one of the biggest trends earlier in the year, rather than later -- >> uh-oh. >> you can't resist that don't know if you noticed, there were four termations this deals, double what we saw in october. automatic terminating their deals, talking about market conditions, inflation, and we spent a lot of time talking about the performance overall of spacs, those that have yet to announce deals and those that have closed, including pay safe last week, which i noticed had a three in front of it ever so briefly. ther

so, in other words, intel and microsoft together equal to what i am seeing in inindividual why. there is omni channels for artificial intelligence, not just the term, the way to make people that's way you have to think about it so all the jobs that we can't find people for, we will e people using nvidia's platform that's what i want to look at. we have to use idiom, inference. we speak in strange ways -- go jump in a lake, get out of town. jensen has made it so that machines understand idioms when apple does its car, they're going to have to try to figure out whether them ko compete against jensen >> could we say that a.i. and apply it to the elizabeth holmes interview, to infer -- >> jensen says that his avatars don't get tired. i will try to nail down whether they don't lie, because when you lie -- i'm not going to say alleged, but that book "bad blood" was too good, but when you lie, i think the artificial intelligence will tell you you're going down the wrong direction. driving a car towards the -- the whole healthcare system -- "bad blood" you see how many people she betray

you are losing a lot of these darlings i think that's a problem microsoft at an all-time high and even google at all-time high is not bullish to me i know a lot that are trading down 27 or 28 times, i don't know this time is different, but it seems dangerous >> karen, i am surprised about the move up 7% since they reported earnings you usually don't see these big moves from home depot even with a blockbuster report what do you make of the have and have-nots? make sense to pile on or wait for the tide to turn >> i am in home depot and lowes, so i like to think i didn't pile on for a while i was surprised by the move. they had a nice run going in i think what dan is saying, this sort of -- everyoning ae aggreg into these names everyone wants blowout growth or it's not goodenough. i don't know what to do with homedepot to be honest i like the trend going into it, i can't say i was expecting more than this price so i am stuck to do with it. maybe sell calls with it and take money off the table it has had a nice run. >> tim, what are you going to do >> if you say the rich are getting richer

>> the reports that microsoft head of xbox said he is evaluating the relationship with activision blizzard and making ongoing proactive judgments and disturbed, troubled by the events and actions at activision blizzard, report that is the ceo knew of sexual harassment at years and they said of the misleading, inaccurate but the news following the reports that playstation's chief also in a letter to his employees expressed the same disappointment big, important platforms weighing in here we know that activision's board has backed bobby kotick today. it's down the worst of the big publishers back to you. >> thank you we continue to watch that. >>> all right. straight ahead, sweet greens are made of these. we'll discuss the blockbuster ipo for the salad chain tacking you inside the market zone morgan stanley's investment mrgt r urchir shar ma ihe ybe salad is the key we'll f we'll find out after this. but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindepende

microsoft surface devices, orchestrated by cdw. they adapt to each user and deliver multi-layered security, so your workforce gets seamless experiences wherever they roam. for devices that fit your unique workforce, trust microsoft surface and it orchestration by cdw. people who get it. i'll shoot you an estimate as soon as i get back to the office. hey, i can help you do that right now. high thryv! thryv? yep. i'm the all-in-one management software built for small business. high thryv! help me with scheduling? sure thing. up top. high thryv! payments? high thryv! promotions? high thryv! email marketing? almost there, hold on. wait for it. high thryv! manage my customer list? can do. will do. high thryv! post on social media? hash-tag high thryv my friend! get a free demo at thryv.com. >>> welcome back i'm rahel solomon. here's your cnbc news update at this hour. the justice department is charging two iranians with trying to create confusion by intimidating u.s. voters ahead of last year's presidential election the men are accused

it's microsoft it's apple and the other stocks like that, what do you make of that >> there are two parts to what i said one is the comparison to intel and ibm and i don't see the comparison there i see very long term business model problems like ibm and intel that i just don't see with cisco. i see a temporary supply chain issue with cisco, but you raise a very good point. when you compare this to amd or nvidia, obviously, it looks terrible i would submit to you that just about any stock in the world would look terrible when you compare it to nvidia and that's definitely not the metric that i would use. i have a portfolio of stocks and i have high-flying shoot the lights out stocks. qualcomm, for instance is one, but there are others that i'm looking to be my steady eddie returners. it has performed, including its dividend, just above its s&p 500. it's had some good years and bad years. as long as that demand is intact which i believe it is and there is a short-term supply chain issue which i believe it is, then it would continue to be a slight outperformance of the s&p 500. i cannot com

if i'm looking at the others, microsoft, apple, google, amazon, tesla, all of those have something that masses of consumers are directly engaging with as an end product and, yeah, nvidia has graphic cards that people buy off the shelf, but usually that is to stick into something else. that is different. maybe needs to continue to go even bigger in his aspirations to create profducts for consumers. >> i think he's got things i don't think that we can understand them yet. they are involved with physics, fluids, equations, speed, involved with trying to solve -- he is trying to solve the world's problems there are very few people who do that he takes a 20 year view. and by the way, i misspoke when i said that he has had no setbacks there was a quarter where he had these terrific cards and they were hijacked by people who were mining and he couldn't tell whether people were mining with them or gaming with them and it led to a shortfall. and he said that would never happen again so now the only people who use their cards for bitcoin mining are people who recognize that the cards aren't as fa

microsoft is on the back end to leverage the infrastructure. i think we'll see the same you have conversations with how many metaverses will there be? it's unlikely we'll have one universal metaverse that's intero intein interoerpable across the board so i think it's very real. i think this is long-term in na nature this is not something that's going to happen overnight, the montization is not going to happen overnight but the investments associated with it are absolutely real. >> i would like to tilt away from the metaverse we know what's going on there. the upside momentum is there i had mentioned some of the big payments provider s and payments networks as being extreme underperformers over 2021. there was a time when payments in fin tech were front of mind for many tech investors, i think paypal, square, yet they've both under performed immensely. is there a value trade in your mind >> fin tech has been the most difficult sub sector year-to-date the market is on all-time highs and the fin tech names you highlighted they're underperforming w

. >> in previous generations of technology, the identity systems came with the platform you got microsoft network, you got an active directory with the windows server what's different about this generation of technology is identity is so important and weaving this universal policy and security across all of your technology is so important. your can't trust it to one platform vendor. if they're selling you identity, they're going to guide your choices in what other applications and matt forms you consume. so by being the only neutral identity platform, we give customers choice we're integrated to over 7,000 systems. and that number of integrations is growing every day as more people integrate to us and they can choose what collaboration tool they want they can choose what developer they want to be successful >> and no one does that, which is why you're the leader and the best stock in this group i've said that a long time, because there isn't -- ythere's nobody else that does what okta does i want to congratulate you an amazing company amazing stock, too thank you. >> thanks, jim >>> comin