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tv   Making Money With Charles Payne  FOX Business  May 27, 2015 6:00pm-7:01pm EDT

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property for six and a half million dollars. it's gorgeous. you can stay at it for 300 bucks a night. beautiful. thanks for joining us. don't forget to dvr the show if you can't catch us live. making money with charles payne is coming up next. have a great -- charles: so are there two americas? are they drifting further apart? remember barack obama, hillary clinton, they railed about the two americas in 2008 saying, hey, it's an indictment against bush. it's an indictment against capitalism. of course, the notion they all favored the rich. in the last six years, policy and rhetoric, browbeat the rich have backfired. a couple things have proven to be right. a, obama's policies crushed the dreams and hopes of the middle and lower class. and, b, rich people spend money. that money goes into society. it creates jobs. they're not hoarding money. although, it's their prerogative. tiffany's, did you see it today, the biggest winner on the s&p. coupled with the strong
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sales recently at williams sonoma. well, they're all up. in the meantime, walmart, the dollar stores, they continue to struggle. here's the deal. on the surface, it appears that the nation is becoming more confident. they're rebounding. beating consensus. however, the bulk of the improvement and confidence come from those making 35,000 or less. 50,000 or more, rather. 35,000 or less. or 50,000, right neck-and-neck. we felt the same as a country. only those making more than $50,000 or more feel great about themselves. what does it mean for the market or economy? let's ask the panel. we have a great panel on a great record setting day. you're watching "making money." i'm charles payne. talk to the investment pros. oliver porsche is back with us. always giving matt the challenge on the socks. hilary kramer. republican strategist
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noelle nick and lori rothman. and, of course -- and, of course, matt mccaul with the big smile on his face. this time because of the market not because he's surrounded by beautiful women. okay, guys. let's dig into the first real, real deal. democrats are screaming to the high heavens. the stock market was high under bush. i could remember elected officials complaining about our stock market being at records. it was a reflection of the rich. it only proved that capitalism helped the rich. guess what, the market is at all-time highs. we have this distinct bifurcation in confidence and how the future looks. and it's ironic because poor people and middle e lesspeople -- sorry -- optimistic than ever. >> yeah, when you talk to some of the rich, they have a different outlook. look at the stock market. when you talk to the poor, look at walmart. the market is a reflection of what's going on. you were talking about tiffany. look at lv bernard. they've been catering and part negro. >> as a political
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partnering. >> policies of envy have made things worse for those less off. >> look what clinton did. the administration (?) did when they were allowing everybody to get loans. that backfired. created the housing bubble. we're still dealing with it. charles: we have 73 republicans running. you're a g.o.p. strategist. they say, how do we get the message out that the markets are at all-time highs? that the economy is coming back a little bit. there's this huge gulf, maybe the biggest ever, those supposed to be helped by these onerous policies are hurt the most. how do we articulate that? >> obama and the democrat administration did nothing, but further -- keep the poor people and the middle class more downtrodden. they have them dependent on government, even more they're relying on it. and a lot of it is due to some of the policies set in place now. i guess the g.o.p. messaging needs to be,
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if you want -- if you're poor and middle class, if you want a continuation of living the way you're living, depending on government and some of the bad policies. matt: i don't think that will work. it won't work because there's too many of the lower class that are relying on entitlements from the government. >> they don't want to be. matt: i don't agree with that. they're scared if a republican comes in, those entitlements go away. if they don't have the entitlements, how do they put food on the table for their children? >> they're never going to advance. they don't want the same status quo. matt: they are scared. they're extremely scared. you have to give them a plan of making it better. not say what will make it worse. >> you've talked about this on this show many, many times. you have to buy and invest in assets that will rise in value. not depreciating assets. it comes down to, a, capital available. if you're making $20,000 a year, you don't have as much as someone making $200,000.
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also the choices you make. if you look at the last six years, i'm no fan of hillary clinton or anybody else on that side of the ledger, it hasn't been their policies or rhetoric that's done anything. it's been federal federal reserve policy and interest rates that have created an asset bubble inflation to a certain extent. and that's what's lifted it. if you owned stuff, you benefited it. if you didn't, you didn't benefit. that's what it came down to. charles: we're talking assets. but you can also invest in yourself. >> absolutely. charles: what we're talking about. the scenario matt is talking about. how do you convince, lori, people to invest in themselves and also america the ladder of opportunity is still there. here's the irony. you may take an economic hit getting off the dole and starting at the bottom of the economic ladder. once you're on it, the upside is unlimited. >> you answered your own question, i think. what strikes me about this whole discussion, how ironic is it for
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president obama, he cannot take credit for the stock market making new highs during this -- it's not the rich people benefiting from the stock market. everyday americans invest. this administration can't even say, hey, our policies are so successful. these are the policies they fought against. charles: the middle class getting matches and those who have gone out and bought a little bit of stock. they've done extraordinarily well. their lives are changing. >> that's right. but i think when you look at our society, i think the key here is that the upper middle class, upper upper middle class are gone. the formerly wealthy is now a new category. and i think that that's what we're seeing. 2008, 2009 took out a whole plethora of the financial industry, as well as anything, manufacturing. so that's really what we see. but when you talk about stores like williams sonoma and tiffany's. luxury stores. (?) i think, charles, the
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middle class they're still walking in there. they're walking in there and they're buying -- charles: let me tell you, the traffic i used to see at michael kors, i see in louboutin. there's some people i see in the store. you're going to spend your last nickel on this bag. you probably should get a cheap one at coach and buy the stock. all right, on that note, let's go to the next real, real deal. let's talk about investment ideas. certainly today, tiffany's went through the roof. williams sonoma is making a big bounceback. opportunities for you guys to join this. listen, if you can't beat them, join them. matt: as you sias you sit herei. forward pe of 16. charles: what is their problem?
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(?) chart looks great. i know there was an activist who was trying to stir the pot a little bit. why hasn't that stock sort of matched the march up. we had a record amount for -- a picasso. a record amount for a jack mete. records amount of money. (?) matt: it's a tough business. you don't have anything going on for a few months. it's not stable. that's the big reason i stay out of it. looking at it today, i love it. charles: i went to the auction 20 years ago. i was so afraid. i sat on my hand. i didn't want to sneeze, 200,000, who me? chasing me down the street with the paddle on my hand. >> sitting on the paddle of your wife. charles: how can the viewers participate in this? >> williams sonoma is a holding of ours. we like the stock. good place to be. i would also look at some of the in between
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middle market. coach just a moment ago. the company had some trouble. there's value there. charles: coach for the last year has been the cute oversold. kind of -- >> yeah, again, but the key here is on all these. we have to understand that valuations are kind of pushing limits at this point. there's no great bargains left out there. the key is that whatever you'll invest in, you want to be patient. you don't want to be overly concerned about it. because i'll promise you this much, sometime over the next six months, we'll probably see a five to 8% correction. if you're the type of person that that will spook you, don't do it. >> i think macy's. m. and i know it's not upscale. it appeals to everybody. the valuation is appealing. i think that's where the money should go. charles: they're the wall street darling. the stock went down a buck. next day, up a buck. wall street won't let that stock go down. that's your insurance policy.
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people to have live through these five and 8% corrections. you can't not invest because of that. turns out the clintons have a shell company and they left it out of their financial filing. what's the secret? stick around. we'll talk about the hypocrisy of the of the elite and billions of dollars next. ♪
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♪ >> all right, guys. got to blow the whistle. let's open up a page from payne's investment playbook. hillary and bill's shell gaming. this gets more confusing every single day. it turns out they omitted -- former president bill clinton he provided consulting and counseling through this thing. then, of course, there's
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the economic and social justice cruisedder, elizabeth warren. bought a house for $33,000 and flipped it for 115 grand a few months later. just in time for a those parents writing those tuition debt, more of that cash will line the pocket of college presidents who see themselves as ceos than anything else. they're demanding things like retention bonuses. retention pay. housing. benefits. retirement bonuses. they want it all. and they're getting it all. just like a ceo. all right, guys. i talk about this a lot. the hypocrisy of the elite. it wouldn't bother me so much except they might decide our fate. let's move into the first real, real deal. the shenanigans from the clintons, the list gets longer and longer every single day. are they that teflon? are they that impervious
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to this kind of stuff. >> no matter what happens from benghazi to the emails, that hillary clinton, bill clinton, the clinton family as a whole are pretty much immune to any scandal. charles: why? where are you from originally? >> arkansas. where they are. did you have to bring that up. charles: you had that bill clinton thing going. >> what i'm saying, the bar is so low for the clintons. i expect more things to come out. more things with the clinton foundation. more strange ties. george stephanopoulos. all more things going on. i expect more to come out. and i expect the public to go, well, it's just the clintons. i think that really people are just immune to the fact that they're associating the clinton scandal. charles: i hear you. >> is it just the clintons or really just politicians? >> no. >> they're a little bit worse than the rest. charles: i've heard people say, listen, it's the right and the left.
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they've taken this bad boy to a whole new level. >> absolutely agree. charles: this is like steroids. all right, but, lori, let's talk about college tuition. a lot of parents watching the show, they wish they had been in some of these stocks. they don't know how they'll do it. it's a painful time. it was revealed, yale published their financials two nights ago or last night. and the presidents, these guys making four, five, $6 million. how do they get away with that? >> it's a vicious circle because these institutions have the cash because they're able to raise the tuition. we know the answer as to why. we talk about the student loan debt bubble. just the next bubble likely to burst. i mean, government is handing students money hand over fist that's taking them their entire lives to pay back. in the meantime, these academic universities are able to raise tuition to pay their administrative -- >> my personal -- >> i just have to say that -- and i'm the
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first one who said that it should all be reinstructed. the whole tuition scenario. but the big but is, these presidents have a hard job. it's difficult for these universities to find the right president. that's why they pay the big bucks. charles: i have no problem with that, guys. my whole thing is that the public, via the government handing away this money is paying for these salaries. i understand they have a difficult job. if harvard is sitting on $36 billion, they should finance these degrees themselves. they should put their money with their mouths are. the ceo -- last year the guy from gopro made 700 million. none of that came out of my pocket, i draw the line on what's happening with these colleges. matt: if your kid gets into yale. you don't care if the president makes 4 million or 10 million. it's only 12 hundredths
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of the budget. >> the issue is -- (?) these universities and their endowments are basically running like private equity funds. they are asset management firms first and educators second, almost. when you have a foundation that has $28 billion, that's insane to me. charles: we hear the president talk all the time, why are we giving the oil companies tax breaks? you can apply the same logic to the ultra wealthy universities. the parents -- we feel good when our kids go to yale. some of the parents are regretting it. the kids aren't working. the bills keep coming. matt: we should blame the government. the government puts the universities in these situations where this is their only option. charles: make a lot of money. put me in a headlock and stuff me with money. i won't scream loud. again, i'm going to the political mastermind here. how do we articulate this message to america?
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how do we say, hey, you know what, we have to get the private sector back in because the private sector has an obligation to weigh risk and reward and maybe they won't overpay for a degree in poetry or psychiatry? >> i think you're right. it's the private sector you know that does that. gets it under wraps. as far as the pay, and i'm sure you guys are going to get me with this, but when you get somebody that's getting paid such an exorbitant amount of money, there will be a lot of corruption. there will be a lot of misuse and favoritism going on within -- >> that's across-the-board that's the case. >> well, i mean -- charles: in this environment, it's a protective class. it's part of the elite. we didn't get to elizabeth warren. the house flipper. we'll talk about that later. we have an ask payne
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speed round. tweet me. i know some of you didn't make money. those are the tweets that i will answer first. ♪
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♪ >> all right, guys. time to address your questions. individual stocks, markets, industries. whatever it is. strategy. ask us. my first tweet ever. what's your current opinion of the etf hack? time to buy. i'm really honored it's your first hack. i mean, tweet. palo alto networks beat on top and bottom lines.
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up from the close. that's an example of the potential, you know, cyber attacking -- cyber attacks will get worse. i like hack. and i still like it. i know this is one of the etfs you like a lot. matt: we own this one. palo alto should move tomorrow. the theme is not going away unfortunately. put it in the ira. >> this is a great way to own them and be diversified. charles: i think the next leg up will be huge for them. are you in these? >> we own a couple of cyber security companies. you know, great way to play the sector as a whole. i will warn, they will be volatile. again, long-term hold. forget about it. put it in your ira. charles: what's going on with sandisk. buybacks saving it from dipping further? keeping it in a tight range. it did trade higher. we'll talk about the big deals in technology. it was a huge, huge move. i like sandisk.
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it has room to the upside. very ugly. inconsistent execution. in the past, i've seen it like this. when they turn their act around, the stock goes up. it has been in the rumor mill. i like the risk reward here. >> we have sandisk in our newsletter. we believe that go through 70. you want to own sandisk. it will go through 85. these buybacks have been a savior for the company. >> they were buying it back all the way down too. you missed earnings. i don't care how much stock you bought back. unless you're macy's. are you in this one? matt: i would stay away from this one. charles: your thoughts on jetblue? >> i still like the tv series. charles: you like the tv series? jetblue an innovative company. it was harder to execute back then. i'm not in that one. but i do like the fact that airlines are looking much better today. we're in delta. i will tell you, ryanair
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is catching my air also. jetblue. matt: i love jetblue. we didn't buy it this week. may buy it tomorrow. broke the 50 day moving average. back above it. this held up much better than delta and american. all the big ones. charles: it's a much pleasant ride. >> you could buy on a dip into delta, american, virgin america is a bargain down here. va just way below -- it's a bigger bargain. charles: amazon, anymore more upside down? i procrastinated on this one too long. yeah, you did. procrastination kills dreams and hopes and a lot -- it really does. >> if a stock isn't near its high right now, then you have an issue with the company. charles: i'm glad you brought it up. great point. you can buy something that's not near the all-time high. that means something is wrong. you're hoping it gets fixed. or you can chase. to be frank with you,
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chase with an amazon. i'll use oliver's term. volatility. but i think -- we have a happy customer right here. you use amazon. >> it has a broad range. it's one-stop shopping for a family of four in the suburbs. it's perfection. charles: we're negotiating because my wife orders something there every day if i can get a distribution center in my house. listen, i hope you've been paying attention. these stocks that i've been talking about have been doing extraordinarily well. today was a grand slam day for us. i know you made a lot of money. we'll talk about it. broabroadcom. through the roof. how you can make money. we'll talk the markets. ♪
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♪ charles: all right, guys, it was an absolutely huge day for
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semiconductors. the big news was avaga. probably on the cusp of buying viacom. it's a deal that would rank the third largest of technology. my subscribers, a lot of you watching the show, are in the stock. as a result, you can see that sky works had a huge day as well. (?) a couple of names we've been pounding the name on this show. if you're in them, really fantastic. if it's big enough, it can double. listen, we know smartphones are the central element driving these deals. we have storage. storing all this data we use every day. powering these devices. smart cars. cyber security. it will all be one giant connected world. endless streams of information. organized and protected. some of you feel like you've heard the story before. now we do use it. i'm a technology
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neophyte, and i use these things. this stuff is real. in my mind, that means there will be more deals. more blockbuster deals. the question for the panel. am i too optimistic? oliver, you've been the voice of reason for the first 30 minutes. well, lori too. >> that's better. >> again, no, i think you bring up a great point. these are unlike the tech bubble we saw in '99 and 2000. these are companies that are serving a real need. and i think the growth in that area is going to be absolutely fantastic over the next decade. >> do we have to worry about them being cyclical though? >> yes, to a certain extent. again, technology is a broad field. right? charles: we had a tech ceo whose company went public. he made a great point. back then, we weren't built out for this. we could spend a gazillion on our websites. i used to do a show on yahoo finance.
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people couldn't watch it. we have the building blocks now. it feels like, i mean, everything gets cyclical at some point. trying to pick the top of apple. >> i know what you're saying. so pcs are going obsolete. or close to it. charles: i think it works hand in hand with mobile. but they'll play another role. >> the cyber threat. which we had a deep discussion about earlier in the show. they'll offset the demand in those areas. charles: they'll create new areas. >> we have a low rate environment. all these deals are going to get done in the next six months before we see rates go up. i know they'll only go up 25 basis points. that's a big impetus. then combine it with what our discussion has been. integration. magic software. very similar to what you were talking about last night. enterprise software that brings entire networks onto a mobile device that everything from
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accounting to human resources -- charles: there's no doubt that that probably is creating a sense of urgency. the cheap, free money will go away. that will hurt buybacks and some of these deals. in the meantime, we could see huge blockbuster deals. without a lot of worry of price tags. pat: tags. matt: i agree. you're seeing the premiums paid as of late. you're paying up for these companies. we're seeing it all over the place. and it won't end. i think we'll probably see this a huge rush from the market hits a high the next 12 months of people buying, consolidating, trying to get the bottom line look better without revenue as well. >> i was wondering, do you guys think you'll see a lot with the tech surge with a lot of younger investors getting involved? because who better understands it than a lot -- charles: you make a great point. a lot of young people are starting their own tech companies. they're not necessarily buying these stocks. but these young tech entrepreneurs, these
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kids who grew up with this, they want a piece of the action. they're trying to start these companies. they're involved, not necessarily as investors. but as inventors. i think that's great. hewlett-packard started in a garage. the whole thing with the cyber reality thing, that was a failure ten years ago. >> virtual reality. charles: some kid went into a garage. he doesn't have a degree in this stuff. next thing, you know, you have the woman of your dreams, oliver. >> well, i'm married. so i have her, in case she's watching. >> good answer. smart man. charles: all right, i think it will go on. i want to ask you your opinion on this. matt talked about this happening in other areas. almost every deal i've seen in the last few years, not only was the acquiring company up big. the company that took them over is also up. that is a bullish signs. >> it means ceos and the acquirers have gotten
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much, much smarter and done much more diligence in terms of who they're buying. they're no longer buying for the purpose of growing in size, saying how do we make this synergistic and actually grow and improve us. what's the missing component to our existing business? charles: this replaces r&d. this is a new de facto way -- it goes to the bottom line right away. might be a part of the business model, you're saying. >> i think so, absolutely. charles: hilary, how much further? >> oh, there will be many more deals. and cross border deals. in the semiconductor space, you'll see analogue devices. that's a conductor company. we'll see things similar to what we're talking about, you know, intel. charles: we're seeing a lot of us asia deals. whether it's japan. south korea or own now china. thanks a lot, guys. you have to catch "strange inheritance."
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jamie meets a family who inherits a roadside attraction. one of the rarest collections of bugs from all around the world. then she meets a family struggling to keep their century maryland seaside event running despite sky-high taxes. that starts tonight on fox business at 9:00 p.m. fifa. their officials have been arrested in charge of corruption. is the world's most popular sport permanently scarred? a lot of people knew this was a corrupt organization. we'll break it down next. ♪
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♪ charles: fifa, we're talking massive corruption. seven top officials arrested. fourteen indicted. $100 million in bribes and complications for its fans.
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♪ >> and now, it's time for "upon further review." ♪ charles: all right, so imagine you see a newspaper. right? at a newsstand. the headline reads huge organization, 14 indicted, six arrested. wire fraud. money laundering. you would probably think it's the mafia. >> or the clintons. >> now, now. >> the most popular sport in the world. the arrogance was always on display. some people they're not surprising. consider the winners of the next two world cups. russia in 2018. russia, the same russia with 30 billion went missing from those games. and qatar, charges of slave labor, has the highest per capita gdp in the world. (?) how complicit are soccer fans. they knew management was sleazy. they continued to buy into the product anyway. >> soccer is a little bit different. soccer is a culture.
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way of life. people and families, a lot of people are very passionate and, you know, they live for soccer. it's -- we're passionate about football, baseball, whatever. but soccer is actually like a way of life. it's very passionate. charles: so you separate the sport from the governing body. >> i can't say i was overly surprised. the egregiousness of it was. but there's corruption in sports. soccer. right? but i'll still watch, at the end of the day. i won't change my -- >> what are you going to watch? you'll watch manchester united -- charles: do you know those themes or did you look those up? >> i know. charles: you probably knowry knw renald zero. >> fans say it's no big deal. doesn't that enable or encourage these corrupt people to do these things. >> absolutely. that's a great point. they're giving more power.
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more dollars spent. obviously, you hit on this earlier on the show. i don't think you can blame the sport. look at the nfl and roger goodell. our own precious nfl went through -- pat: to matt: tom brady's salary doubled -- >> famous rock stars are worth more than while they were alive. >> and the clintons -- charles: they have $100 million from the fifa. who would have thought that the clintons and fifa found themselves in the middle of the night. >> here's the pop. wh -- theanswer is that people lose patience at a certain point. no one wants to go to qatar for the world cup. everyone knows that reeks of corruption. so you go a little too far. and then -- charles: i have a buddy that got back from qatar. there for two years. the way they treat like people from the philippines.
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people from india. pakistan. it's heartbreaking. these are de facto slaves. de facto slaves. if you go to the game in qatar, you've backed slaver. the mistreatment of people. the way they treat -- and, by the way, the highest pe per capita in the world. matt: if america was really -- you know, it thinks it's this bad. we're not sending our team to qatar. just like the olympics. >> the rest of the world if the -- the rest of the world won't do it. charles: the same thing with jimmy carter. people start to say, you don't want to mix politicians with sports too much. >> it's broader than just the officials of all these different sports leagues. forget whether it's fifa or basketball or olympics or whatever else. the issue is really the vast amount of money
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that gets thrown at all these people. >> because it's so darn entertaining. >> from the athletes to the judges or officials to everything else. that's where this all comes from. it's just too much. charles: this is actually a big giant crime story. and it's one that involves every nation in the world. it's really intriguing. can't wait to see what happens. they'll vote for the president of fifa. probably the guy who is in now will have a runaway election and keep the title. stock i've talked about before. i like it now. making a major breakout. get out your pen and paper. when we come back, we'll make you money. ♪
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♪ charles: all right, guys. certainly one of my favorite parts of the show. it's when i talk about how to make you money. there's a stock i like for you. zoetas. we talked about it on the show before. matt i know likes this company a lot. part of the reason i'm talking about it is on my way in i got a call from the vet. one of our dogs is blind. fat joe. >> you have a yorkie named fat joe? charles: he's a fat one. he has diabetes. we had a call from the vet. come get your dog. he'll be dead in 24 hours. he beat this thing for two years. it's not just about your household pets. they also have medicine for livestock.
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swine. it's absolutely amazing. think about poultry. if you're a technician, you like the stock. if you believe that beyond pets, just the relationship we have with our animals, everyone is going non-gmo and antibiotics and different things like that. it's the place to be. do you like it. matt: i like it. we own a couple of the competitors as well. this is one of those major trends you want to be along. this is the leader. this is the world's largest med provider to cats and dogs. but the vaccines is huge too when it comes to a lot of the cattle. it's in 70 countries. this is a world leader. charles: how mean was lori for laughing when i talked about fat joe being blind? >> very, very -- >> i'm an owner of a small dog. charles: that was the most insensitive. why are you laughing about fat joe being blind? >> my sister is a
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veterinarian. i appreciate the stock pick. i have small dogs too. ber niece and bruce. charles: what about the stock? >> i don't know much about the stock. i love the sector. as a pet owner myself. but going way beyond that as you were talking about, you know, the food supply in the world is finite, and we will need to make sure that we do a lot -- charles: and the customers are demanding certain kinds of quality from them. how many pigs were killed -- i mean, chickens just this year alone. >> someone
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life begins with a howl, we scream, shout, shriek with joy. until, inhibition creeps in, our world gets smaller, quieter, but life should be loud. sing loud, play loud, love loud.
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dentures shouldn't keep you quiet, life should be ringing in your ears. live loud, super poligrip.
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>> it is time now for the marching orders. the stock market, the early
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summer, a lot of people wondering if that doesn't happen should they move to the sidelines. history says they probably want to write it out. and this is how the market has been and 2009, typically what happens is we get a little bit of a down draft in january, the beginning of the year the market sloughs off a little bit and then we get where we are going through right now to late june and then we take off big time and we usually get that bump down that scares people, but other than that there's a lot of money to be made if you can whether these summer storms. we have technology and other pockets of excitement as well, we have a record high and it broke through this. do you remember when we talked about this double top? we actually closed through it and that is usually monumental and a huge signal coming you can certainly chase that and make a lot of money.
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women's shoes is hot today, dfw and others, and here's the thing, this is what you have to be worried about. if you miss, it is the kiss of death. look it michael kors today and overall volume, here is the big question, what is going to happen? isn't a definitive move up or down remapped we keep getting these false breakout things and you kind of think that that was pointed take off and i know that you have then part of this for a long time. you guys know that i like netflix and i think that almost everyone told me that i was not on it. but today an article says that netflix is going to be $1500 per share by 2020 and that scares me. >> i think that we are going higher. i really do. and with technology it's so
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important. >> a lot of people say they don't make money, when someone says 1500, $1500 per share does not send a red flag up to you, and it sounds like 2000. >> they have content. [laughter] >> i think that this is part of it. >> with regards to netflix or whatever you hear what these numbers, you have to consider the source and make sure who wrote this and who published it. >> generally speaking i feel
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bullish, but i do think that we are way over reflect her. >> are you long or short? >> welcome i don't mind a five or six or seven or eight correction. the underlying fundamentals are solid and that's going to continue to rise and five is higher. in spite of what we will see of the gdp. the overall u.s. economy is improving. and if you consider it, even with the federal reserve raising rates towards the end of the year, there are also low rates. >> i am bullish, i'm buying any weakness. any use that as an opportunity that you want to get into. and i can almost guarantee that we will be back in business.
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lou: if you can't see the show, be sure to record it. we are living up to the name and we are making you money. we will leave you with in the hands of lou dobbs who is right here on fox business. lou: good evening, everyone, the islamic state victorious in repelling an iraqi assault in recapturing the city of ahmadi. the islamic state using the cover of a storm to launch a wave of suicide attacks against the iraqi military and western province. tonight john negroponte joins us to assess the apparent acquiescence to the islamic state in iran. also hillary clinton returning to the scene of her most embarrassing loss to barack obama


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