tv Street Signs CNBC March 30, 2012 2:00pm-3:00pm EDT
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>> i've got two -- well, six entries here on two different tickets. >> all right. good luck. if i don't see you on monday, you'll know why. >> you'll know where i am. that will do it for "power lunch." thanks everybody for watching. >> "street signs" begins right now. have a great weekend. ♪ would you take it and run? welcome to "street signs," everybody. the megamillions jackpot closing in on 3/4 of a billion dollars. you know it's going to go up from there. we have a seven-time winner live with his strategy. that's right. he's won the lottery seven times. we'll also bring you advice on how not to lose it if you win it. and from one long shot to another, our list of stocks that if you have a few dollars to risk, you can dream of maybe hitting it big or losing it all. it's a megafriday, mandy. >> indeed it is. i wouldn't run, brian. i would come right into work the very next day. anyway, let's check the markets as the quarter is drawn to a
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close. the dow up six straight months of gains. s&p up so far for the quarter. here's why that matters. every year since 1950, every time the s&p is up more than 8% in q-1, it has been higher for the year by an average of 22%. in the meantime, the nasdaq is up for the seventh straight week. and on track for its best first quarter since 1991. and here is your megastat of the day. if you win just imagine the full $640 million megamillions jackpot in an instant you'll be worth as much as beyonce, jay-z and britney spears and tom cruise. >> megamillions is what everybody's talking about here and all over the street. think how big the pot has grown. on tuesday night's drawing the jackpot totalled $363 million. a lot of money. nobody won. it got more big. on thursday it grew to $540 million.
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and by noon today it jumped a full $100 million to $640 million. keep in mind, it is still growing. wnbc is in new york with more on the ticket-buying frenzy. jonathan, how big can this thing get? >> yeah, that's a good question. $640 million sounds like quite a lot. and it's only expected to continue to grow. now, let's put this in perspective, derek jeter, lady gaga, they don't even earn that much combined. they have a lot of skill. it takes a lot of luck to play the lottery. a lot of people here feeling very lucky. we're in a deli on 57th street and 9th avenue where people have been coming in the entire morning. the owner tells me he can't remember the last time he's seen so many people coming in. he tells me thousands have come in just today alone. in one case he tells me somebody dropped $500 on their tickets. somebody feeling very lucky. now, it's the scene we've seen throughout the country.
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of course right now $640 million the cashout we are told that comes to about $462 million. so a lot of money. and a lot of people hoping to win it. back to you. >> that is huge. jonathan, you'll be there all day. before we get to the floors, mandy, literally back in the envelope calculations offering 42 states 80% of the people i talk to here in our office have purchased a ticket. many of them first-time buyers. just back in the envelope, i think this thing could get close to $900 million or even a billion bucks by tonight. >> and of course we're contributing to it too. i waited in line this morning. i had to wait there and i was thinking i don't care if i'm late for work, i don't care if the school has my children late as well, i'm going to get my megamillions ticket. >> you said a lot there. >> okay. has megamadness reached the trading floors is the bigger question. mary thompson at the nyse, rick santelli in chicago. rick, please tell me you got a ticket as well. what would you do with it? >> well, i'll tell you what, i certainly do. this is only the third time in my life i've ever bought a lotto
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ticket. it's easy. i would try to corner the market and '57 chevys on the bat. but the second thing i'd do is take 20% of the winnings, i would write a check to mr. geithner to put it towards the deficit. and i would challenge the likes of the warren buffetts of the world to give an equal proportion of their net worth to the same issue. and i think that would be a great thing. >> so you put uncle sam essentially in the who it's to line for the check, right? as for the treasury market, i know everyone's talking about what's going on with the megamillions jackpot, but in terms of the treasury market, what's going on, rick? >> it's hard to get information. i'm serious. the guy i bought my ticket from said that his hand was numb because he hasn't stopped issuing and putting it in the machine for about five hours today. but the traders down here what they're really talking about is how bundes bank is not accepting bank notes from the likes of
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countries portugal, greece and ireland because they took bailouts. and this is a big deal. we're going to continue to monitor the effects it might have on the marketplace. >> mary, we're looking at the biggest jackpot in the world, in history. is anyone getting any work done down there on the floor? >> you know, if you waited, they're talking more about the markets or megamillions, they're talking more about megamillions. i'm holding in my hand, mandy, about 11 tickets. this is partially mine. i bought them with a group at work. something a lot of people have done here on the floor are doing. so i was asking the traders, what would you do with the money? certainly the most popular response was set up some kind of charity, some kind of college trust for their kids or their nieces and nephews, things like that. they'd rehire some co-workers as well. my favorite response was from one trader who said he'd help his sister move a little farther away. certainly getting a lot of attention down here on the floor today. >> there might be some people that might buy a special condo on the other side of the
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countries for mothers-in-law as well. say you won the megamillions jackpot, how nice to think about, right? well, what is your megalong shot stock pick? you know, a stock that is high risk but maybe high reward, almost money you can lose. just taking a fly on one. do you safeguard your money in dividend stocks or companies buying back shares as well? chief investment officer of huntington funds joining us as well. we're going to have fun on this friday. lighten up, barry. i'm going to start with you. i want to hear one or two stocks that you would buy that maybe you wouldn't buy for your clients because they're a little risky, right? i know you're a safe guy. any names out there you can think about? the one i think of is a really, really small company. they make the arc trainer. people have seen it on the biggest loser. the stock's up 445% this year, but it's still really, really cheap only for like $2.25 a
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share. and we find that when they get a big run like that in a really small company, it can run a whole lot more. >> that's your megalong shot. what about your, randy? you're mr. dividends, you're pro-dividends, do you think there's a good megapick if you win tonight? >> absolutely. we like tera nitrogen. lotteries are something else. i don't really care too terribly much about that except the one in 1971 that kept me from going to vietnam. >> okay. back to strategy. there's a big debate that's heating up about the dividend tax hike. and if this happens, it could completely change people's strategy with regards to dividend stocks, to high-yield stocks. barry, do you think this is something people need to start thinking about now? or do we just wait and see what actually happens? >> i think people are starting to think about it because it's essentially 164% increase in the
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tax. and that's if nothing in addition happens. that's just, you know, the law expires. it affects more concentrated number of people, 70% of the taxable holdings are held by 10% of the folks. and they're in that highest tax bracket. so it will have an impact. we're already seeing the impact this year. if you look at some of the dividend paying etfs, they've done about half of what the market has done and about half of what buyback types etfs have done. >> are you advising your clients to dump dividend stocks ahead of an expected tax hike if it happens? >> no. but i agree with barry. we're already seeing the implications of this taking place. but, you know, there's a double irony here. we just went through a major economic crisis based upon too much leverage on balance sheets of individuals. and here we're going to be taxes them for savings and investing. and the other irony is the fact that we've also gone through another decade or so of trying
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to get corporations to distribute more of their earnings to their shareholders in terms of dividends. but now we're going to penalize them too. as barry said, about half of the dividend payers are about half of the return of the stock market right now. >> we're watching the share price of cybex up 25% sitting at $2.80. >> it's a tiny company. >> it is a tiny company. but nonetheless, went 30%. there are some people out there listening. barry, in light of this -- bottom line, would you rather go, for example, for a stock doing share buybacks instead in terms of what you think is going to outperform over time? >> well, i'm kind of like energy policy. i'm for all of the above. i like dividend stocks. but we really like buybacks. that's the number one thing that will protect your portfolio in a down market or very volatile market. and when you look at returns on
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stocks, again which i care about as a shareholder, the best for the price of the stocks are companies that buy back shares. you look at the last five years, the buyback power share is up about 20%. the s&p up about 8%. and the dividend i share is down about 5%. i'm not dissing dividend paying, they tend to do difficult in difficult markets. >> thanks for joining us. good luck in the megamillions. on deck, the auto halo coming back. >> if you haven't bought your megamillions lottery ticket yet, stick around. a seven-time lottery winner is here. he's going to tell us his secret to picking the perfect ticket.
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look at liz. shares of liz claiborne are jumping after a "the wall street journal" report about a $20 per share buy outbid. the paper goes onto say there is no formal auction of the company. it's not currently contemplating a sale. if you're the ceo, duty. >> it's not because of the big three, but in part thanks to a growing number of foreign carmakers investing right here in america as well. brian shactman is going to join
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us with more on that story. brian. >> well, mandy, these minicoopers are especially hot because they get such good mileage numbers. let's face it, numbers don't lie. i want to look at sales numbers year over year of foreign brands because they are pretty impressive. vw up 34% year over year. then you have kia up 30%. bmw, mercedes as well. general motors down, ford and chrysler up. people need to understand many of the foreign brands are investing in america. consider hyundai responsible for 61,000 jobs in the u.s. $3.a billion in wages. as u.s. carmakers continue to shed, foreign dealers are growing. the bmw added eight. seven of which were minicoopers dealers. the one i'm standing in right
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now was a dodge dealership that was shuttered. overall bmw invested billions back to 2000. that hasn't changed. the foreign brand investing in america has to be mercedes. they upgraded 300 dealerships. but just because gm, chrysler, ford aren't increasing their dealers, guys, doesn't mean they're not investing in america. take gm, they're trying to upgrade 3,400 dealers that will cost about $3 billion. >> wow. and a lot of jobs are coming with that as well, brian. that is good news. some analysts say we could hit 14 million total cars and trucks sold this year. brian, thank you very much. >> you're welcome. >> which means auto parts companies, dealers like where brian shactman is, may all have better years as well. but how big really is this so-called auto halo? joining us, another clearly intelligent guy, brian hamilton, ceo and founder of sageworks as well as gary, president and ceo of the manhattan auto company. brian hamilton, i want to begin
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with you. he was just talking about the growth in that area. by your estimation at sageworks, any way to know how many jobs are really going to benefit from the increase in auto sales? >> well, it's a huge part of the whole market. you know that, brian. there's about 3.5 million jobs represented in the whole population. remember, auto dealerships for example are up about 11% over the past year, which is huge. and also remember there's a lot of industries associated with this big one that are also effected. it's good news. >> what are you experiencing at your company then, gary? and are you hiring? >> yes, we are hiring. and in fact we have expanded our sales force and work force in both of our dealerships. so far through the year we're up about 26% in sales with ford. we're up about 90% in lincoln. so we're very happy with our performance so far for the year. >> that's great news, gary. congrats to the dealerships and men and women who work there. we like it when people make
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money. the buyers that are coming in, are they necessity buyers? people driving 12-year-old cars that have to buy a car or people saying things are a little better, i'm going to upgrade. >> i think there's a combination of both. i mean, certainly we see more and more people coming into our ford dealerships. i think that the quality of the product, i think that the diversity of the product is really driving, okay, this recovery in automotive sales. we get people coming in trading in many foreign brands. we have people coming in trading in bmws, okay on our ford products. we really get people across all segments now coming in. >> brian, what do you think would be the single biggest obstacle in terms of the recovery for both the automotive industry in terms of sales and also in terms of hiring? is it a slowing economy in general? or is it something more specific like rising gas prices? >> here's what's going on. you remember those depressing conversations, brian, a couple years ago where everything was
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bad, right? >> uh-huh. >> things are going better now. the economy is like a glacier. once it moves in a positive direction, it takes a lot of stuff to dpo backwards. and congratulations to the gentlemen here by doing double in terms of growth. really, everything is being driven by the economy. things are getting better. we have 26 million private companies out there. they're feeling better, sales are going up, margins are going up. here's the thing, we don't know how long that's going to last, but right now it's positive. and, remember, we're pretty good at our batting average -- >> i apologize for interrupting you, but i want to hit on that point because what you just said where all the criticism is coming now. any time we have a good piece of data like gary gave us, the nay sayers come out and say it's all weather related. we're stealing business from april, may, june, july, whatever it is. do you believe that? is this just a pull forward? or is this incremental add? that's the key to gdp growth.
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>> yeah. i'm not a buyer on that. our batting average as hitters as americans is very good. for every four years of expansion, we have one year of recession. right now we're cycling out. remember, we don't know how long that's going to last, but our batting average historically is very good. so i'm not a nay sayer, no way. if you look at the data, look at the margins, profits, sales, they're all up. we don't know how long that's going to go, but it's pretty good right now. no question about it. >> let's hope it continues. >> i agree. >> gary, final word. >> i definitely agree with that. we see people coming into the dealerships and a lot more optimistic and especially now ford we have such diverse products anything from the fabulous fiesta up to 40 miles per gallon to the new explorer that gets 26, 28 miles per gallon. this recovery is taking hold and we see a lot of enthusiasm in the showroom. >> let's hope whoever wins the megamillions tonight comes in and orders six different cars six different colors. brian and gary, thank you so
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much. >> thank you. >> thank you. >> coming up next, a manufacturing revival is going to be on "closing bell." what companies are investing in america? and who is profiting from it? that's all coming up on the next show at 3:00 p.m. eastern. >> we have plenty more ahead right ahead on this very fine program, "street signs." forget playing the lottery. play this market. we're going to look at some megalong shot stocks that could mean megamillions for your portfolio and of course we have some names. >> we're going to name names. and later on with nat gas sitting at historic lows, why does fueling our future with the stuff seem still like a pipe dream? we're going to speak with two ceos with big stakes in the nat gas game. "street signs" back after this break. and i thought "i can't do this, it's just too hard." then there was a moment. when i decided to find a way to keep going. go for olympic gold and go to college too. [ male announcer ] every day we help students earn their bachelor's or master's degree for tomorrow's careers. this is your moment. let nothing stand in your way. devry university, proud to support the education
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ally bank. no nonsense. just people sense. okay. it's that time again. you know, we're not just talking about megamillions today. there is stuff going on in the market, right, herb? you're here to educate us about it. >> education management, one of those for-profit education companies operates a lot of art schools. certainly been the focus of a lot of what i've talked about over the past year or two. yesterday it priced low refinancing. it was much more restrictive. terms are much more restrictive than prior lending. but this is bad for the entire
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group especially for those who think the group is right for lbos. goldman is a large holder of this company. >> uh-huh. >> and it has, you know, it is something to pay attention to because people think that this group will be lboed. >> that will learn you. okay. and a sweet dose of sunshine today. jelly maker jm smuckers, trading at all-time high levels back to its ipo in 1959. it's been around for a real long time. from a sunshine stock to how the sun is powering the world's biggest company, jane wells is looking at apple's solar solution. >> it just works. >> steve jobs wanted apple to think different. it is. even in the way it gets power. >> apple really wants to green its image. it's been struggling with environmental issues over the past couple years. >> as apple promotes icloud, it needs data centers to handle the traffic. so it's building one worth reportedly a billion dollars in
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north carolina. near others built by google and facebook. apple's will be the largest and estimated 25% of the power will come from solar including the largest nonutility fuel installation in the country. >> as we've seen the textile industry decrease in our region, we now have the data centers filling that void. >> what's the best smartphone? >> the one you're holding. >> solar will help apple power services like siri. >> you sit there and talk to your phone and it changes your voice into words and then looks things up. what may not be obvious to you is some aspect of that effort is being sent to north carolina, processed and coming back. >> apple isn't saying much about its solar system, but filings and reports suggest that panels and fuel cells are coming from clean tech companies based in apple's own neighborhood in silicon valley. jane wells, cnbc business news. >> okay. coming up next on "street signs," beating the odds. a seven-time lottery winner
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gives us his secrets on pulling off a megawin. >> and later on, is the u.s. holding a winning lottery ticket as well but too chicken to cash it in? why our megabillions are in natural gas. "street signs" back right after the break. ♪ ♪ i can do anything ♪ i can do anything today ♪ i can go anywhere ♪ i can go anywhere today ♪ la la la la la la la [ male announcer ] dow solutions help millions of people by helping to make gluten free bread that doesn't taste gluten free. together, the elements of science and the human element can solve anything. solutionism. the new optimism. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national.
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90 minutes left in the last trading day of the quarter. let's get straight to the day's big stories on the street. stocks in the green on the last day of the first quarter. the s&p 500 index on track now for its best q-1 since 1998. for the quarter the dow is up about 8%. the s&p 12%. and the nasdaq up about 18%. techs and financials battling for the top sector spot. the top tech spot for the quarter is, of course, apple, up 50% so far. and the top bank stock by the way is bank of america. that's up 71% quarter-to-date. in the meantime, crude is off
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about 3% this week, yet it is still up 5% for the quarter. straight out to sharon epperson at the nymex with the final trades of oil coming in. hey, sharon. >> hey, mandy, final trades coming in right now. the traders on fire here behind me trading the end of the quarter. we are looking at prices basically flat on the session, but you mentioned the steep drop we've seen just this week. and of course that nearly $4 drop is significant because we are now below the 50-day moving average under right around $103 a barrel. the next level of course 101, 102, but the psychological level of $100 a barrel will be key for the week ahead. for the quarter we are looking at wti prices up about 5%. look what's happened to gasoline futures. up nearly 30% in the quarter. and then on the flip side natural gas down 30% for the quarter. that makes the case coming up on why aren't we using more natural gas to supply our vehicles? >> asking exactly that question later on in the show to our two
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guests. thank you very much, sharon epperson. >> and, yes, it is megamania, right? everybody's eyes are on the jackpot. so let's get some stock picks for your portfolio and advice on what to do if you win. tyler vernon joining us. chief investment officer of capital builtmore advisements. u.p.s. is a big client of yours. some drivers wept together and found themselves overnight. >> first of all the sharks come. >> meaning cousin elmo. >> exactly. or the buddy from high school that hasn't talked to you in 15 years. you get these people that pop out of the woodwork. the first advice is shut off the phone. a lot of what we do is protect clients from themselves. they make decisions, they create risks they don't have to create. we have clients that put a lot of their wealth in start-up companies or gave money to a buddy. all of a sudden their life is
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changed. so i think just getting with a group of people who know what to do with that kind of wealth that can help them make right decisions is certainly the way to start. >> an intelligent gate keeper. yesterday odds were one in about 176 million in terms of winning the lottery. if you had a stock that gave you better odds than that, your long shot? >> i think we changed the long shot because of the liquidity of it. if you believe in what's happening with oil, you have a billion people in china that instead of riding bicycles are starting to get cars. this is creating this demand. the issue is there's not enough oil out there. it's harder and harder to find. so have to go to harsh environments. deeper drilling. sdrl about a 9% dividend. >> 9%. >> getting paid a lot to wait for a catalyst. obama's talked about drilling in the atlantic or other areas -- >> this is more than just a dividend play, isn't it? >> it's more than a dividend play. if we get republicans in office, i mean, this thing could really
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move. it's moved already, it's pulled back a little bit. could give a lot of upside here. >> you also like fed ex, which is interesting no offense to your client base u.p.s. we talked about best buy hurting -- >> for the record, i didn't say i liked fed ex. >> you didn't? there was a graphic that said vernon likes. >> maybe that's what he likes to send his parcels. >> if you're a u.p.s. driver with a bunch of stock, that's a good diversification. >> it is. >> i would advise that. how about this, i think its fcx. freeport-mcmoran. >> it's a great company. what's happened here is the china story's been overblown as far as the pullback in the stock. everybody's talked about a hard landing. the company has pulled back. if anybody can make money in copper, this company can. they restructured debt and, again, a great entry point. and this thing could move. >> real quick, end of the quarter now we've seen a bit of
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turn, reshuffling of portfolios the last few days. moving to the second quarter, what kind of gains do you think we can get? do you think they've been front loaded essentially for this year? >> i think their front loaded but you can't argue with the steam that this economy has. so i think investors are going to be between a rock and a hard place. i think we'll have great economic data, but a slowdown in fundamental earnings. so i think we'll see a few more percentage points but nothing like the first quarter. >> stick around, tyler. we're not done with you yet. we thought we'd take a gamble on big risk stocks that maybe could have a big payoff. or they could eat all your money. we got these by looking at a few things. i did a screen on price moves, valuation and just kind of some good old fashioned chitchat and intuition based on all kinds of factors, which brings us to our first high risk stock. a company called research in motion. a forward p/e level of 5.17. it's down 75% over the past 52 weeks. well-known problems. high risk, maybe high reward.
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first solar, down 82%. but if you think solar's going to make a comeback, perhaps, you saw the apple thing, you never know. radio shack, a lot of people pinning their hopes on possibly, lbo there and sprint just whacked. no real forward valuation and one biotech -- >> a hard one to say. >> not bad. couple names you threw out there guys. you want to call on these? do you want to take a flier with your millions, herb greenberg? >> yeah. interestingly enough, rimm, rimm has the best numbers from a free net cash flow and net cash vision. and then you look at net sales growth and then you start looking at the margins and it's going south. you start looking at the rest of them, radio shack has good free cash flow, but the rest looks so dicey. so which really could it be? what do you think? >> i think if you look at rimm, one of the issues everybody i've talked to with a blackberry are
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switching to the iphone. everybody i talk to and being in finance, a lot of us use blackberries. it's amazing the amount of people switching to the iphone. >> and corporations as well. >> let me make it clear, i'm not sitting here saying rimm is the one to choose. as a matter of fact, i'd say then you have to look beyond what those numbers. remember, you could have looked at newspapers at one point and said they would be the long shot because they had such great cash flow. >> guys, i want to make it clear -- [ overlapping speakers ] >> i want to make it clear what i was trying to do with that. nobody's recommending these companies. >> no, no, no. >> these are names that are probably going to go away or come back because they've been whacked around. >> it's like betting when it's about to default. it's a long shot. >> i wouldn't bet for rimm. go on the record. >> any of those names you do like? if not, say no. >> no. >> there you go. >> by the way -- >> what do you think about fed ex? >> rimm is your friend, herb. >> i'm off the record. >> herb, your long shots. >> i have my own long shots. everyone knows i'm always
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negative, i did jc penney a while back. look, this one could be one of the greats that everybody's afraid to touch. walgreens, everybody hates it ever since it took a stand -- >> that's your long shot? it's a multibillion corporation with thousands -- that's not a long shot. >> it is a long shot. don't tell me it's a long shot. >> such a healthy nation no one's ever going to need -- that's a long shot. how about apple? [ laughter ] >> look at this stock. this stock has been pummelled. the company has some real hurdles. and i want to look at several others. these come from -- >> called, yeah, apple or microsoft. >> oh my god. what am i doing here? >> this is the whole long shot thing. names on the precipice. walgreens? >> i think walgreens a great long shot right now because a lot of people think the thing is going to continue to foil away. >> he's got two other names. judging by the first reaction --
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>> so. let's take a look at -- >> comcast. >> stillwater mining. and exco resources. a company wilbur ross has been buying a lot of. this is one of the most hated stocks in one of the most hated sectors, which is oil exploration. those generally could be long shots. by the way, i still believe walgreens could be a long shot. >> what's yours, mandy? riotinto? >> about to fall into the mines. >> free cash flow, i'm a little concerned. >> did i come out and say -- you know -- wait a minute. here i come out and say something somewhat positive about a company and what do you do? >> you should be talking about options. ways to bet options on that stock. that would have been a great way to spin it. buying options on -- >> commodities are just a fad. >> like the internet. just a fad. >> phones, just a fad. coming up, a seven-time lottery winner shares his secret for
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gaming tonight's megamillions jackpot. >> and if you win, you could roll down the street in a lambo just like this guy. wait until you see who's driving this car. when the fed starts tightening, you'll see a week of turmoil in the markets. but history says that's not where the bull market ends. >> powerful combination of david's product vision and the paypal platform i think can accomplish things no other company can match. >> no pressure, david. >> what was apple's response to the findings? >> they will reset the bar for working conditions. carfirmation. only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another way you'll be traveling at the speed hertz.
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i'm bill griffeth. coming up at the top of the hour on "closing bell," u.s. manufacturing undergoing revival. and we have the list of companies set to cash in on that renaissance. plus, we'll round up all the economic data in both u.s. and overseas that you'll need to watch for next week as we kick off the second quarter. and, guys, i know you're about to talk strategy for winning the megamillions jackpot. coming up on "closing bell," we're going to answer the age old question, should you take the lump sum or the annual annuity if you win?
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austin says one option would give the winner an extra $90 million thanks to fed chairman ben bernanke. see you at the top of the hour with that. >> thanks, bill. well, it is the story of the week. maybe even the year. it is all that anyone is talking about. the megamillions jackpot. it now stands at $640 million. it went up $100 million just overnight. the drawing is tonight. if you're like all of us here, you've already got a stash of tickets. but, if you don't, pay attention because we have a secret weapon here to boost our odds. richard is a seven-time lottery winner. his biggest prize was close to $1 million. you clearly are a very lucky man, or maybe a skillful man. my first question, number one, did you buy a ticket for today? and number two, what would you do if you win? >> first of all, of course i bought a ticket for tonight. i would be crazy if i didn't get in tonight's game. like the saying goes, you have to be in it to win it. >> yeah. >> as far as what would i do if i win that money?
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i would do just like i've always done in the past. it's funny you had a guest on a few minutes ago saying the same thing about another subject about taking large income of money and being smart with it. i always tell people, the first thing you do is get yourself an accountant, a lawyer, a financial advisor, maybe all three. maybe sure that the people that you get are reputable and know what they're doing. and have them help you to determine what you do with that money. because you hear these horror stories all the time about people who won millions of dollars and a year or two later they're bankrupt. why? because they usually had no help in deciding what to do with that money and they blew it all. >> yeah. i think actually the majority of people who win the lottery, this kind large amounts of money actually end up with a worse life than before. i want to ask you, you've written a book, learn how to increase your chances of winning the lottery. short of just going out and blowing your cash on a whole pile of tickets, can you actually game it? >> oh, absolutely. i mean, i'm proof. again, this is not a joke.
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this is not a scam. i really have won seven lottery grand prizes. the way i've been able to do that is because i'm also the only person that has ever created the method that actually works. and not just for me. there are people who are buying my book following my method and winning not tens of thousands, not just hundreds of thousands, but millions of dollars. people who have bought my book and followed my method and won millions of dollars. >> richard, you're taking a lot of heat for this. a lot of people say, come on, you got lucky. you can't game the system. take the heat for this. >> i don't care. i'll take all the heat they want to throw at me. no matter any time somebody does something in the history of man no one else has done before, there's always going to be skeptics. two men many years ago who told the world they had developed a method to do something that man had never done before. and everybody said they were crazy and a bunch of baa loanny. and they kept hearing, if man was meant to fly, god would have
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given them wings. the wright brothers proved them wrong. i've done something no one else has done before and this is real. >> you've won a lot of times, but what's the biggest mistake you've made with your winnings? >> i don't feel i've made a mistake yet. i'm very well off. i have all the toys. i drive a jag. i ride a harley. i live in a big fancy house. i just bought my son his first car. he's driving a beamer. i made sure -- >> that's not good advice. your young son is driving a fast car. that's bad advice. get him a big slow safe tank. >> no. no. that's what my dad bought me. and i hated every minute of it. >> but isn't that part of good money strategy? don't spend extravagantly. isn't that the whole point? save? >> no. no. i said invest it and, you know, pay off all your bills, your mortgage, set up your financial then go out and buy the talking car. >> okay. >> you drive an '84 black
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camaro? >> all i hope is on top of all the fantastic things you have, you also have health and happiness. >> absolutely. i'm married to the most beautiful woman in the world and i have a very good life. >> happy wife, happy life. that should be the first chapter of the book. >> learn it. thank you, richard. remember, there is the chance no one wins tonight. and in that case, lottery officials are considering moving the next drawing to time square in new york city. the next drawing would be on tuesday. it is safe to say though that if no one wins tonight, it will be well over $1 billion. brian. >> well, if you win tonight's jackpot, you could pay your way to awesomeness like this guy. maryland police pulled over the driver of a lambo. this is real video, folks, from the inside of a cop car. batman stepped out. they thought at first like a lot of us he's a nut job. but actually he's a really good guy. he's a successful guy, he's a rich guy, and he was on his way to visit kids at the hospital. he was ticketed by the way for
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driving without plates. the cops all had a good time. shouldn't have ticketed him any way if he was on his way to a children's hospital. >> they should not have ticketed him. what a good guy. lawrence tweeted saying if i win megamillions, i will become batman. there you go. clearly he's not the only one that wants to dress up as batman. coming up next, companies and consumers betting megamillions on an abundant u.s. energy source. >> check out this tweet boone pickens sent out earlier today. boone always spot-on. frenzy over $640 million lottery. someone will get rich. not unlike opec. $640 million is 11 hours of foreign oil imports into the u.s. well-said as always, boone. we'll speak with the ceo of the company boone co-founded coming up next. ♪
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♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. i was worried it would be hard to install. but it's really easy. the better i drive, the more i save. i wish our company had something this cool. yeah. you're not... filming this, are you?
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gas is going up, getting natural gas at the pump. many long haul trucking company are taking advantage of the disparity in numbers. you can convert your car to nat gas, for about $8,000 bucks. >> two companies that are paving the way to a natural gas future clean energy fuels, making it easier for americans to fill up on nat gas. great to have you both on the show. taking a look at your share price, it's up 2.5%. someone out there is betting on nat gas as being the future. my question is, why is it taking so long? >> until recently, we really didn't have the heavy duty
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engines. that's what the big change is now, every oem has made a natural gas offering. that's why pilot and clean energy are beginning to build out these truck stops. you have the gas, now you have the engines, it's time to go. >> what's going to come first? can we have natural gas powered fleets of trucks and cars but not have the infrastructure? which one has to come first. >> today, we already fuel about 30,000 heavy duty fuels at about 300 stations. it's interesting, this year, 42%, i think, of every new trash truck in america will be natural gas, so, yes, the infrastructure has got to be there. we're going to build a nationwide network and we're going to resolve that issue and then we'll build another 100 or
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so in the future. >> how much is demand for this growing and when do you foresee, i don't know if you want to guesstimate a scene in the future that we're going to go not object to natural gas trucking, but also to cars that you and i drive? >> there's been a distinct change in the last couple of months in our customers who are the over the road company customers. the equipment manufacturers, the engine manufacturers, the truck manufacturers have put a tremendous amount of money into new technology and there's now a growing interest on a daily basis. i would say in two to three years, there will be substantial demand for lng for big 18-wheel trucks, over the road, which is our primary customer. >> and do you feel like that's going to dramatically increase costs down the line?
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because companies are going to have to reoutfit, does the cost get passed through or will it balance out along the way? >> i think it goes the other way, i think the delta, what the new engines cost is now down to $20,000, $25,000, they have solved the weight problem, they have solved the range problem, they have solved the power problem, or at least they say they have. time will tell. we have so much natural gas, we thought we had a seven-year supply, now we think we have a 100-year supply. it's an unbelievable source of power, it's clean burning, there's lots of it and it's the best place for our country to go. >> and do check out cnbc.com and we have those natural gas
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conversion kits. >> and the day's strongest winners when we return. and on small business saturday they remind a nation of the benefits of shopping small. on just one day, 100 million of us joined a movement... and main street found its might again. and main street found its fight again. and we, the locals, found delight again. that's the power of all of us. that's the power of all of us. that's the membership effect of american express. ♪ [ boy ] looks like our work is done here. i'm heading home. vaaa vrooom! need some help, ma'am? grrrrrrr! [ in high voice ] oh thank you. these things are heavy. zzzzzzzz! [ male announcer ] built for work. and everything you work for. hey, honey. i'm glad you're home. [ male announcer ] the chevy silverado. our most powerful hd yet. from fathers to sons,
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[ boy ] dad! [ male announcer ] chevy runs deep. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could.
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go national. go like a pro. yes, you could. ♪ when your chain of supply goes from here to shanghai, that's logistics. ♪ ♪ chips from here, boards from there track it all through the air, that's logistics. ♪ ♪ clearing customs like that hurry up no time flat that's logistics. ♪ ♪ all new technology ups brings to me, that's logistics. ♪ barry james with a very small company, has a market capital of 40 million. >> it was kind of a fun thing
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when you said to barry, what would be your thing. barry, great guy will be back, definitely. keep in mind, cybex is a company that we do not control. >> today's sign of the times is no laughing matter, brian? >> the price of rubber chicken has hit a 25-year high. the price of a dozen rubber chickens rose 19% last year. >> that is according to the cost of laughing index, which is con prized of 16 leading humor indicators, along with groucho glasses and whoopie cushions. the index is up to 36% over last year. underperforming the s&p 500. >> if you had hoarded wholesale rubber chickens, you would have made more money
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