had earlier, what we do in cyprus will be the template from further bail outs. she, i believe it was a female aide said no, no, no. he never really used that word and not not what he meant. >> that should give the market some comfort. >> that's not what he meant today. we're still negative right? the tone is still just one of churning. there is no real sense of anyone running right out to buy. it sounds like when they get the opening -- >> exactly. >> that has led somebody to say that cyprus may be the first country thrown out of the the

eu euro. >> guys, i was going say, we're focused on the last three days and certainly today what is going on in cyprus. it's easy to lose sight of the fact that this quarter has been one of the best quarters we have seen for u.s. equities in years and years and years. >> a record level. doing more with less. will that continue? i want to see what they're up against. >> that's going to run right into the debt ceiling? how's the market going to react?

>> really coming back and having about half of the earlier losses. that will do it for power lunch. >> we will see how it goes. "street signs" begins right now. >> and welcome to street signs. we started the die and we thought we might see a new high. what is behind today's reversal and what will it take to breakthrough to new highs? the company bringing on its

founders. so is this the best move for best buy? plus it's all about accessories right? the ceo joins us the dough is, as you can see now down. but definitely off the lows for the day. the s&p 500 marks the fifth attempt this month that that index has come within five points of its all-time closing high. all three indexes are coming off of the lows of the day. michelle, you know what? is it or isn't it a template for restructuring? a lot of confusion from those comments.

>> yes, so first the president says cyprus will be a template and then his aide walks it back and says this is a unique case. what he means by a template is europe has made very clear that when a bailout happens it does not fall on the taxpayer but on the private investors. every time they have done a different country. first they didn't touch the bondholders, then they did, then not the jr.s and then not the seniors. what makes this also ewe sneak fact is that banks were so undercapitalized and so huge at the same time there was nowhere else to go but after the uninsured despot its.

trying to reconcile those two ideas is pretty tough. >> i want to ask about the economic implications. is it going force the economy into recession? >> oh, deep. deep recession. there are predictions of a decline of more than 10%. it makes up 50% of this economy. it's going to be catastrophic, absolu absolutely. as we saw, the comments about a template are really throwing it

in the works, but we seem to be coming back a little bit now. how are the markets realing this? >> it matters whether it is or isn't. i appreciate the attempts to finesse this. then when we got the clarification from his office, which is really him. is it his aide or him? the markets came up. and no models or templates are used. you can see how confused the markets are on this. you can see u.s. financial stocks. but more importantly we also came off the lows in european

stocks. these are italian stocks to trade here. ewi is the symbol here. same thing coming right off of the lows. >> bob, thank you so much for that. let's bring in the president of mercadian asset management. let's just move away from cyprus for two seconds. we really need some good news at this point. more than momentum. >> yes, you're right. i think, you know, dealing with the sigh brus albeit, in a poor fashion, is really just a sigh of relief. we 24i this the markets will move to a new market high.

we do think in the allocation strategies we look for good valuations. we think they're there. we're bumping up against old record highs that have been in place for several years and i think it will take more than a lack of bad news. >> i certainly don't mean to be disrespectful, but ken, maybe there is a silver lining for u.s. investors in that if you missed out on this rally, the cyprus news is creating an opportunity to get in at a lower level. now that we are breaking new highs or about to break new highs, you're looking at people sitting on money saying maybe i missed last five years but i can pick up maybe where i left off.

i wouldn't discount the fact. this could not -- not that we -- you still offer stability even though we still offer slow growth. >> looking good by comparison. where would you advise investors to get into the u.s. at this level? >> i'm still a big fan of high dividend paying stocks. i don't think i would be reaching out for the six and seven percent debt piers. get some inflation protection. printing presses around the globe printing money, inflation will be a problem. i think you get good inflation

protection. you have got to make sure that you're not only looking at the dividend rate but the quality of the balance sheet. >> i'm going to ask the same question to you. what would you advise investors to do right now when we talk about needing good news what could that good news be? >> i'd said there are a number of factors that are going to be helpful. one is the job market. we're trying to sort through the impact of the sequester and the furloughs. but underlying that, it looks like businesses are running very lean. the profit margins are high and look to be sustainable at least over the near term. i think fl will be good news on the earnings front. we will be a little frustrated with the sales growth. again in the allocation strategies we're going favor technology. we do like the financials in

here and we think that energy is going to do well. we're starting to add to the international sites. we think there is good opportunities out there for investor investors they're going start rooking around. >> sit a very big world and a lot of countries in that world. >> well, we have been -- we have been moving selectively into the emerging market space. there have been interesting opportunities in korea, for example. but, back into the mainstays in europe, as we find that as europe, the eu is challenged and works through its challenges, we are encouraged by that and we are encouraged by what we see as a hard fis tall monetary policy push in japan. we think there is good opportunities out there.

>> thank you very much for joining us today. and still ahead, dude, you're getting a battle. a messy bidding war. how this all plays out coming up next plus best buy's ceo. or former ceo is getting the treatment rejoining the company. so is now the best move for best buy? and also just in time for passover we will look at the unelevened stocks. names that have failed to rise but could soon sore all ahead right here on cnbc. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account.

>> dell is seeing lots of love. there could be an intense bidding war setting up for the company. it's getting pretty serious. >> more serious than some of us thought. we will see how intense the bidding gets. and you have got black stone in for 14.25 a share, just shy of $27 billion valuation. allowing current investors to receive some shares. considering that dell was -- i'm not sure how attractive it is to get shares above 14.25.

what i want to hear is first how dell's special committee responds. do they view that as a minus for the company going forward? will they boost their bid to somewhere around 15 bucks a share? and a couple of analysts think he has to go up to 15 at least. we're going to get a sense of how serious the decline is when the numbers come in. the better it's holding up, the better chance dell will have to survive. >> am i right in thinking that obviously this is an area that is shrinking. the pc market is shrinking. but there are thousands of patents and other intellectual property good egoodies. >> i don't know. when your area is not as hot, those patents are not quite as popular.

you saw that happen with blackberry. everybody was excited about the patent portfolio. everybody was excited about keyboards. dell was not known for having a big r&d operation and they left that to others. >> good point. lots of things tech on the show. a big shake-up at best buy is a bit of a head scratcher. company founder got the boot from the board just last year but now he is back as chairman. joining us now with cbs contributor. how good a thing is this for the company and the stock? stacey? >> reporter: if you can't beat them join them, dick schultz tried to take the company private and now he is coming back in the end this is the best combination. you can stop the infighting here. no longer the outside versus the inside. now it's joining together and

figuring out how how do we can ut costs here? how do we fix the online? so you have the new team full of energy and the old team full of passion that is very familiar with everybody so they are excited. >> okay. so even though you have got this new team there are fars thing thas can control and various things that they can't control. what would those be? >> that's true. here is just a little reminder. brad anderson is coming to the board. he was the ceo before brian dunn and he left at a time when circuit city was going out of business and comps were starting to fall after a cliff. you can't fix everything. you can't fight what is happening and you can't fight the fact that you have to price match. that is obviously not good for margins here. the best they can do is right

size the organization and try to stabilize the comps. i think the other thing to think about is now that everybody is on board yourks want to look at the china business and the european business and say when can this company divest those businesses which are a distraction? >> just out of interest as well, as chairman americus, what does that mean? >> okay. we want to work together here. and i think that's what everybody decided. we're on the same team. let's figure out how to fix this and turn it around. and everybody is looking for shareholder's best interest

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>> will oil hitting a one-month high today trading well above $94 a barrel. let's get straight to jackie. what's pushing it up? >> it was the bail-out in cyprus that triggered the buying spree. we saw west texas intermediate going above $95 a barrel. and pulling along and settling in at the 94 handle. the highest crisis resolution, crisis resolution and crude rallies on the back of that. gold closing lower on the day but rebounding well off of its session. steep selling, but then we saw the market turn a little bit in terms of the u.s. equities and gold prices started coming back

but still closing in the red for the day. traders saying we're staying a little bit cautious. not just cyprus right now. hammer out the details and we will get back into the market. >> thank you so much for that. how should you play gold right now? joining us now is frank holmes. great to have you on the show. gold prices had been on track i think for their first gain -- first monthly gain since about october of last year. could go either way. which way will they go on all the cyprus news? >> i think emotionally the cyprus news is very alarming. we try to monitor these fiscal monetary. you are seeing allowing governments to come in and confiscate assets of people and that is alarming. so with that, if you take a look back out at that emotional

drama, is what we're seeing, gold is extremely oversold over 10 years of data points. gold is down two standard deviati deviations. mathematically it will rally. i was on your show and it was up two standard deviations and i caution that it could correct. there is something that could take place. and there is nothing stopping gold as being a safe haven. we have always advocated a 5% in bouillon and gold stocks. when the rallies take place they are substantial. >> where would you say is fair value for gold? >> it all depends on who you are looking at. some believe that inflation, gold should be around $2400 an ounce. gold should be around $7,000 an ounce. if you're a hard core gold bug

they are talking $5,000 an ounce. for me, gold would go back to inflation adjusted price level and it will probably test $2400. >> but not to play the devil's advocate here but if you can't get gold to valrally, even with central banks washing us with loads and loads of liquidity. what else is going to? >> i don't know. it just happens. to me, gold is like having car insurance. you don't want to have the accident to prove that you have insurance. you just want to make sure you always have it. because i have not had an zunt, i'm not going to cancel insurance. it's prudent to have gold if you don't put 5% into a god, go buy

great gold jewelry or coins and silver coins and have that as your portion. >> some interesting comments seeing that $100 a barrel is reasonable for producer and consumers. that's kind of the upper range. do you think $100 is possible? >> very, very possible. historically oil bottoms in february. people appreciate the ip numbers are very strong. china continues to be a major oil importer. just like they are the largest oil producer in the world and the largest importer of gold. >> thank you so much for joining us. frank holmes joining us there on

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happening now, boeing is testing a dream liner which belongs to a polish airline. it is going to hold a two-day forum in mid april to examine the lithium ion batteries. >> you can see it's off the session lows but still well within the green. they reported a better than expected quarter. student sign-ups actually fell for the fourth straight quarter.

that's a heavily shorted stock. likely seeing short covering. >> we also have dollar general. >> dollar general, a nice pop here. dollar general seeing sales growth this year, they said, likely the best strength we saw last year. demand for food and cigarettes. >> why don't we take a look at facebook. >> under some pressure. >> lowest level this year. since hitting that six-month high, that stock is now down about 20%. >> i understand there is concern here about the fact that its add might not be working and a sign of desperation they may be moving more to spamming ads? a real out for this one. >> billed as a hipster mogel

news reader. >> could be big in brooklyn. >> that transaction expected to close in the second quarter. >> josh lipton -- why don't we throw in another stock here. we have whole foods, which i understand has had a downgrade. >> what happened is analysts getting a little less unchoose yas tick. they were talking about deceleration. >> didn't they also say that it is still the leader in a rapidly growing industry? it does merit the -- >> they get a little bit more lukewarm. >> got it. thank you so much. one analyst is betting big on detroit saying that u.s. automakers are the place to be.

why ford, why is gm the place to be? >> thank you for having me. the u.s. auto industry is probably in the best shape that i have seen in 30 years. and the industry itself for the first time ever, you're seeing pricing being positive and cost going down. and that's setting up a good value opportunity for the stocks. >> what about europe? both of them are having trouble in europe. are those problems going away or just getting better? >> the european market is in trouble. france, germany, italy, spain, are struggling, very much so. general motors and ford have gone in and have been very proactive. they took a hit last year. that should help mitigate some of the losses. europe is a situation where both companies are going to lose somewhere between a billion nar to two billion dollars.

so the north american -- >> so it is strong enough to be able to youf set the problems. i noticed both of those are a by. you have ford and gm in a buy but somehow ford edges out and it's your top pick. why? >> i think ford is a better company. they are two to three years ahead in the restrurturing. general motors, the two stocks are going move pretty much in sync. and that puts it ahead of general motors to some extend. >> what could go wrong? what would be the risk to your buy ratings? >> pricing in north america is something you have to watch very closely. you also have to watch for the companies falling back on some of the habits that got them into trouble in the past. one of the things that investors miss is that a peak market could

be just as disruptive as a trough. and those types of mistakes are things you look for that hopefully they won't repeat this time around. >> thank you so much for joining us today. >> thanks very much. >> blackberry singing the blues today. we're going to have the pull case coming up next. the mobile market is really all about accessories. the ceo of belkin will join us with his take when we return. tdd#: 1-800-345-2550 opportunities are waiting to be found in faraway places.

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>> coming up, best buy shares up nearly 100% just this year. we will find out if that stock can continue to be a best buy for your portfolio. also the ultimate bear himself will be with us calling for a 20

to 30% sell-off this year. and talk abouted ed ed a nausea will have to see ford's continue ver fshl ads. we will show them to you. wait until you see this stuff. >> thank you so much for that. >> goldman sachs downgrading blackberry today.

>> a bit of a buynary outcome. investors shouldn't kid themselves. this isn't ibm, but a higher risk tech stock. >> were you disappointed? >> actually, i was. i was hoping for a little bit of a stronger launch. we have the verizon launch. they do have exclusivity on the white z10. verizon is going to put their muscle behind this. and blackberry is going to launch their u.s. campaign, i believe this week. >> here is my concern. looks like you have the subscriber number. how confident are you that it's not going to be two or more million subscribers given the momentum that they have on the way up. will they also have momentum on

the way down? >> yeah. these are estimates. they are subject to a bit of uncertainty. the reason i am looking for a million shire is we had some very good feedback out of the british carriers. some very good feed back out of india. 50% of the blackberry buyers cam from over platforms in the uk it was almost a third. they are able to track an troid users. even if their numbers were good. >> a couple. enterprise service fees don't change very much at all.

at least $150. you look at the gross margin. it's let than 5%. the gross. >> as john was saying. do you feel that they are on a low side. . above the tangible. . >> that's to be expected. i think that's where the bears will start to cave. >> and you see it going where in the next 12 months in terms of share price. >> a $2 u.s. share price.

looking for a loss of 30 cents next year. we have seen too many companies come under pressure. >> thank you so much for joining us today. >> apple and samsung and belkin. . so, how could this affect belkin's booming business? is the belkin ceo. great to have you with us. >> how sustainable is it for you to grow in the double digits? there is a lot of competition out there. >> we actually expect our growth to accelerate increasingly, our

experiences with technology as people is more and more the personal very emotional choice. and if we could stay close to what really matters to people, we think that we can actually accelerate our growth. >> how do you think people will continue to choose your products? >> you have named a couple of folks that have had great success. we spend an extraordinary amount of time diving into these people and personal experiences there will always be a group of folks looking at the absolute lower cost. there is a group of people with fatter wallets. >> i'm wondering how you transition. some of the tablet growth coming from emerging markets. are we going to see the same

trends how do you pivot and get people to buy your product in different markets? >> we are for sure. growth is growing at a quicker rate. now the taste in those markets vary. so we have to make sure that we overinvest in the emerging markets and make sure that what it is we do resonate with the folks. >> and the wireless brands that you have picked up? can you talk about how you're seeing the pc based business change as mobile as gotten so hot? how are you managing that transition? >> that's still a really robust business for sure. it was productivity which really drove growth in iet over the last 25 years. the thing driving the growth now

is a leaned back experience. more of a consumption and interactive experience. that's what is driving the largest amount of the growth, for sure. but there is still a very hardy business to be had in those legacy items as well. >> can you clarify something for us? what percent of your revenue is from offline retail as opposed to online? >> i'm not 100% sure if those numbers off the top. but i would guess it to be someplace in the 10 to 20% range. >> understood. thank you so much for joining us today. was it a six-month high? now it's down over 20%? >> two days after that, facebook reported its earnings that it

beat on the top and bottom line. rich greenfield has been very concerned about facebook ads direct marketing ads are a bad thing and they indicate that facebook is desperate to grow revenues. >> as a user, i'm not on facebook. as a user, is it something that is obvious to you that it is more spam? >> it's not something i have personally noticed. he says all the advertisers say

that ads really work. investments are high, especially when it comes to mobile revenue. the promise that the street expects so much that if there is a disappointment, when we hear earnings from facebook which are coming up in a month. >> we're coming up to the anniversary of the ipo. a long way down since then. thank you so much for that. let's send it over to josh lipton for a quick market flash. analysts, they are out with a note today. they are overweight visa which continues to thrive in a world of electronic payments.

>> josh, thank you so much. they're the names that have failed to rise. but you might not still want to pass over. that's coming up next. (announcer) at scottrade, our cexactly how they want.t with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine.

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welcome back to "street signs," everybody. just in time for passover, we're taking a look at some unleavened stocks. those names that have failed to rise but still might have the potential to grow. so joining us now is paul hickey, co-founder of the spoke investment group and steve masoka, managing director at web bush securities. paul, let me start with you. give us your top three names. >> yes. what we're looking for here, we don't want to catch falling knives. we want to look for names that may have controversy but are starting to rebound. they're still down over the last year but they're showing signs of life. first one is broadcomm. the company is in pretty much every smartphone out there. a way to play the sector without betting on apple or samsung. you bet on the whole sector. if apple ever does get its act together with an apple tv or for that matter google or samsung comes out with a similar product, broadcom has the leader

in the set top boxes. that technology will also be likely to be used in the tvs as well. another name is chesapeake. i saw a deal this morning where a uk firm was going to buy liquid natural gas from the u.s. over the next several years. chesapeake, that just further legitimizes the natural gas in the united states. chesapeake is forecasted to grow double digit earnings the next three years. the con ttroversy from mcclendos departure is about a year in the rear-view mirror. that's something that's falling below the surface. now we can focus more on the fundament a fundamentals of the company. the last company is first niagara. the controversy here was investors were worried about the company's growth strategy. they were doing a lot of acquisitions where investors were thinking they were overpaying. case in point was the hsbc branches. the new ceo has come into the company, said they're going to focus more on internal rather than external growth.

with the rise in interest rates and a stronger u.s. economy, we think that's a positive backdrop for first niagara. >> just to reiterate you have broadcom, first niagara and chesapeake. steve masoka, do you have three names that are different from paul? >> i do. yes. looking at arr. which is a mortgage reit that i believe is trading below the industry average. the typical mortgage reit today is trading between 95% and 100% of book value and yielding 9% to 10%. this particular name is currently trading at roughly 92% of book and yielding closer to 13%, 13.5%. i think it represents the value and the underlying stock has only moved -- actually, i think, down 2% on the year. obviously the total return's a little higher because it pays a dividend. the other name that i like is sea drill. which is an owner of ultra deep water drilling rigs.

it has one of the youngest fleets going. stock has barely moved this year. it yields roughly 9.5%. and, finally, lrr. symbol lre, but the name of the company is lrr energy. it's an upstream mlp. those are typically trading right now with a 9%, 10% yield. this one has over an 11% yield. some very good properties. they needed to do a financing, but they did that earlier this year so the financing's out of the way, yet the stock is essentially unchanged on the year. >> it's been down about 15% i think over the past year, hasn't it, lrr energy? also just for the sake of our viewers, steve, it is quite a small cap, isn't it? >> well, post-financing right now, the market cap is little over $400 million. so it's starting to get up there. >> i want to ask you one question about broadcom. something interesting you said a moment ago, paul. that is if we ever do get an apple tv or maybe even next generation tv from one of its

competitors, we could really start to see broadcom take off. what sort of timing would you expect on that or is that really too much of a crystal ball question? >> the apple tv, we've been waiting -- it seems to be just over the horizon year after year now. >> always just over the horizon. >> but i think with these new set top boxes and even the cable companies are introducing new technology for dvrs, program guides, and that kind of -- that's going to lead to upgrades in the cable's set top boxes. even if we don't get that tv there's new technology tomorrow. i think broadcom is a good way to play that. trading well above valuation here. >> just a question on the broader markets here, paul. you really fantastically always put marketings for us into historical perspective. the dow itself seems to have, like, that all-time high as quite a barrier. just can't convincingly break above and stay above. and the s&p hasn't even got back to its closing 2007 high yet. what do you think we need to see, putting it in a historical

perspective for us? >> well, i think just looking here right now, i think what we need to see, i mean, short term we need to see strong earnings here. good earnings season. there's a lot of worries. we're asked so often about negative analyst sentiment and about the preannouncements here. so there's been a pretty high pace. you typically see that at this time of year. if we can get a good earnings season and these major multinationals don't just tell us that it's a disaster over in europe and the rest of the world, then, you know, i think we could get to new highs here. it may not be, you know, it may take a little while. going forward by the end of the year we think we will break those new highs. that will just help sentiment even further here. and continue to, you know, bring new investors into the market. >> it certainly feeds into one our first guest on the show said, and that is that we need good news as opposed to just a lack of bad news. paul, steve, thank you so much for joining us today. >> thanks, mandy. coming up next --

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