i think housing, there is a supply issue and d.r. horton, this is the biggest builder. put 82,000 homes out there and yes, they hit a monstrosity year when they were up 72% and if you're a shareholder at all-time highs and you're so excited about what's going to happen for the rest going up to the super bowl, so where, i think d.r. horton can go is higher. i think the wind in the sails for this could be lower interest rates and that's a tailwind and not a headwind and i do think it's priced in. i know it doesn't feel good buying something up 72% the year before and if you had the opportunity on a pullback there i think you would buy the leading home builder. >> the buffalo, kansas city game, its an amazing game. who do you like this weekend with chicago and baltimore? >> at the end of the -- >> neither is notre dame. >> it will be a great matchup and i think kumar jackson has the ability to take them to the next level. either way, yof a i don't have dog in the hunt, guy and i'm not rooting for jason kelce, but you never know. >> jeff kilburn, kkm financial. >>> coming u

horton falling on homeowners here. 9.6% down on the day. one of their worst performers in the s&p 500 as well as three of them as well. 11.7%. one of the worst days you see for 3m and years also on the back of disappointing outlooks. united airlines, green, beating expectations for 2024 outlook wall street had had. 7.7% on the day. the best that you have had since october. verizon as well. you are seeing some brightness in the stock, up 5.5% on the day. we are in the heart of earnings season with a month of trading in 2024 behind us. some trades stand out as overcrowded. here is bloomberg's abigail doolittle to explain. >> overcrowded trade has to do with big tech. the magnificent seven. look at the nasdaq 100. this index is up than 57%. compare that to the s&p 500 come up about 30%. he russell 2000 up about 14%. you see a ton of money going in. look at a couple of those names. these numbers are incredible to see. nvidia stands out about microsoft up to 63%. nvidia up 210% over the last year. meta of 170%. amazon up 58%. a ton of money goin

you heard from d.r.n earlier they are also considering -- continuing their incentive programs, lowering their prices. is that something you are considering as well? sheryl: we certainly saw that through the early and middle part of last year, today i will tell you that is generally not the case. if we go back to our last conversation, if you think about the power of those finance incentives, i am so much better off using $20,000 to help with the interest rate. that would result in something like $60,000 in price reduction. it is better for them. he gets them a lower monthly payment. there will always be exceptions, but in general i would expect some modest appreciation as we move through the year. katie: it will be fascinating to watch that, but i want to go back to mortgage rates. it has been the centerpiece of so many of my personal conversations over the past year. there is this real narrative out here -- i'm sugar familiar with it, that so many homeowners are sitting on 3% mortgage rates, and are rel

we'll get his take and the trades on exxon, d.r. horton and e et. thjo, a 52-week high today we're back in two minutes. an office. hi! hello! a cinema. so automated. yes, the definition of a car changes... but one thing stays the same. it's a mercedes-benz. welcome to ameriprise. i'm sam morrison. my brother max recommended you. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcía's, love working with you. because the advice we give is personalized, -hey, john reese, jr. -how's your father doing? to help reach your goals with confidence. my sister's told me so much about you. that's why it's more than advice worth listening to. it's advice worth talking about. ameriprise financial. >>> we're back. our "chart of the day" today is united airlines up better than 7%. revenues beat. joe, you own this. what are you thinking about on the back of these earnings here and the ceo talking about future deliveries of the max 10 and casting real

when you look at d.r. horton, you're nearly 30% above the price. you have a technical correction? absolutely you can. what do you do with the information i'm giving you? you set the expectation. i don't think you do anything in your position because the fundamental conditions that are in place are favorable for the homebuilders. and the setup for 2024, if the economy is able to achieve the soft landing, if the federal reserve begins to cut rates, you're going to see a frozen residential real estate market begin to thaw out and that's going to fundamentally benefit these companies. so be prepared. set the expectation, you get a technical pullback. fundamentally, i'm staying in these names. >> what about lulu. it got downgraded today. the price target 500. the stock had a great run. as we've been debating lulu's place in your portfolio versus nike, which had been going in opposite directions, what do we do here? >> i read at the note and they made the valuation argument and what puzzled me about what they were citing is, yes, they said adidas offers

charles: you mentioned d.r. horton. getting smacked around. are you still long those stocks? >> no.sing a month ago. we're kind of ancy to look back in. the first buy signal in our investing system we'll be long housing again. charles: you know, kip, it is odd, essentially what we're really doing, we're watching and rooting for financial engineering mostly by the federal reserve to continue to save the day. it seems kind of nuts. you talk about 1995. back in the day it was mostly fundamentals. feels like fundamentals are out the window. it is about the engineering. you wrote a great book, the big bride book on this very topic. is this something we'll have to learn about? >> now, we heard for a long time, don't fight the tape, don't fight the fed. folks that is where we are. it is reality. you don't have to look it. our job is to make money. fill money for retirements. that is what our job is. to beat inflation, that is what our job is. we have to go where the action is. this is where the action is. the difference, charles, i think the 1995 to 2000 melt-up, those companies didn't hav

shares of d.r. horton plunging after the home builder missed earnings expectations this morning.sure on margins. the stock seeing its worst day since june 2020. weighing on the entire home building space, as well. >>> meantime, another marquee name on deck to report tomorrow, tesla delivers results after the bell. the stock is down more than 16% this year, and the options markets expecting an electric move in this name when earnings hit. if you've been along, dan has a way to protect any profits you've made so far, dan what are you looking at? >> really tough setup here. stock is down 21% just in the last kind of month or so. clearly out of that mag seven here. and sentiment just couldn't be worse heading into the print. and again, this company's had a really difficult run from a fundamental standpoint over the last three quarters. the day after earnings, the stock has sold off 9%. so, when you think about that, heading into the print, we have a nasdaq at all-time high, all the mag six making highs, you know, this has gob ne the oppose way. this is a hard press on the short side

apple, obvious, bank of america, citigroup, csx, look at d.r. horton.rest, morgan stanley, nike, salesforce, t-mobile, uber, and wynn resorts on four or five favorites lists this year. guys, tonight, on "last call" we're going to show you the stocks that are on six or more top picks lists. there are six of them including the one stock most loved by more than ten different firms on wall street. that's "last call." it goes from 7:00 to 8:00. watch "last call" from 7:00 to 8:00 and roll into "leaders" with amin nasser. how does that sound? >> sounds like a perfect evening. what could be better. >> being at home. >> watching you. brian, thank you. >> thanks. >> and then me. brian sullivan. >>> for more on the energy picture and my conversation with the ceo of aramco, tune in after "last ca" "bclltocn leaders" 8:00 p.m. eastern time. don't go anywhere. hey you, with the small business... ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and

. >>> check out shares of home builder d.r.quarter. $2.82 a share, 6 cents below what the street was expecting. it came on revenue, though, of 7.73 billion and that was better than expected. the company said that despite elevated mortgage rates, net sales orders actually increased 35% from the prior year. as the supply of affordable new and existing homes remains limited you can see the stock down by 5.2%. "squawk box" will be right back. ♪♪ heat makes it last. feel the power of contrast therapy. ♪♪ so you can rise from pain. icy hot. rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪) hey you, with the s