tv Street Signs CNBC August 8, 2013 2:00pm-3:01pm EDT
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>> i didn't pronounce it correctly. interesting day, interesting comments from bill gross about the bond market. he will apparently be on later this afternoon on "closing bell." thanks, everybody for watching. that does it for a thursday edition. have a great afternoon. "street signs" begins right now. we'll see you tomorrow. >> let's call this the great stock debate. that is not the story, my friends. the story is very hot stocks stay even hotter. we'll have if names like tesla are set to cool off. can housing stay hot? the ceo of quicken loans is here on that. plus yet another man has been changed maybe at j.c. penney, as the fight over the retailer takes another odd turn, possibly. and morningstar hall of fame
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fund manager here with a few stock picks just for our viewers. >> today has not been without the red moments. as we'll see right now, we are managing to break the downdraft of the last three days. really getting a tail wind lift. u.s. dollar on on a seven-week low. brian? >> all right. well, the big story right now is another management shake-up at j.c. penney, maybe. we say maybe because of in alan questrom said he may come back as chairman if conditions are right. salesmen think he could come back as the operating ceo.
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did you follow all that? courtney ragone jan rodiers, herb is here as well. courtney, you've been to j.c. penney, you talked to management. can you have i to help us clear it? if seems like not much has changed. >> i've reached out to j.c. penney. hopefully we will get a comment, perhaps some further explanation, we have the her that bill ackman sent. he owns 17% to 18% of the company, clearly has sway on the board. he's the one that brought ron johnson in. johnson was out, they rebrought in mike ullman from what we understood to be an interim period. we have no idea how long they
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intended ullman to say. now it would be less, because he came in in april. >> so it seems like in reading the acman letter, acman, correct me if i'm wrong, frustrated, ticked off that the board is acting slowly for the search for a full-time ceo, so it seems like he is proactively then got out and got questrom, who said yes, i'll be chairman, but you have to hire the ceo that i want, which some think may be himself. >> he was approached when the whole shift happened sudden at that point he was not ready to rejoin. he now, as you said has conditionally accepted chairman, as long as he gets to work with a ceo that he, quote, has positive kem industry with. he wants to do what's best for the retailer. he wants to try to save it, it appears. >> do you think that the reason
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the stock is up is the market is hoping that ceo broadband questrom himself? >> no, i think the market is hoping it would be ken hicks. >> ceo of footlocker. >> and you've said the obvious choice is ken. why is it the obvious choice? >> ken was one of the top people at j.c. penney when allen was there. he didn't get the top jock. mike ullman did, ken went to footlocker, and he's done a fabulous job. i assume he was approach initially and he must have said no. i'm assuming allen questrom probably said no. apparently he -- or i think he already would be. so my guess is, when he says he wants somebody he can have chemistry with, it's somebody like ken, but there could be other candidates. i just can't think of who they are. >> so when you say chemistry,
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jan, you kind of hinted at this in what you just said. questrom may not be the c oeismt, but you believe if he comes back, he will have a very firm hand in the direction of the store. >> i don't think he would take the job. i don't think a person like ken hicks would take the ceo job unless they had an agreement of noninterference from major shareholders. otherwise it's too much of what we have seen so far. i think that's the only way he would come back. can he bring ken hicks back? i don't know, but somebody that would be able to work with him. >> why would somebody want to work with someone like quest rom if they wouldn't be rowaning the show i want they would be running the show, questrom wouldn't be there on a day-to-day basis, hi would be able to help. he also has great vendor relationships, which is something they lose when mike leaves, so i do think he's an
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obvious person to put in the role, but he's also an obvious person to put in as chairman where he doesn't have to devote 12 hours a day, seven days a week, which is the way he works when he's ceo. >> this is largely mike ullman's board, but then ackman is trying to steer the ship, trying to make these big decisions that don't appear to be working. i can't imagine what goes down in these board meetings. >> ackman likes to get what he wants, and he wants a new guy at this stake? who would want this job in it is not going to be a walk in the past, it will not be a walk in the park in the future. who would want it? >> somebody who niece they have the skill set, being able to steer their way out of of it. i think this is a major challenge.
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i agree with jan, if he were to do so, that would be an excellent way to end a career in retail. this is an opportunity, not just a challenge. >> will, we're in the middle of back-to-school season, about 20 weeks to christmas. they have management confusion now at j.c. penney, and maybe the most important time of the year for retail. that's disastrous, no? >> look, at this point they have one in place, knows is the company very very well. we know going into this next season, there's a lot of things they need to do do, which is get more cash back into the country, because they had a lot of cash to spend in this past quarter. they need to restock. home department, finish building the home department, bring back the private labels business, and also stock up for back to school. they have done that admirably in raising new financing, so they've set the table. they need to execute. they have an existing manager,
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who knows the big fairly well. if he can coordinate a seamless transition. >> i don't know that they have moved is the because forward. >> great reporting. we do have breaking news on the cbs/time warner cable dispute. what's the latest we are hearing? >> the latest manny, is that they are back at the negotiating table. this was confirmed by a vp/evp from cbs in a q&a following testimony in front of the city hall today that was martin franks, the executive vice president of cbs. this comes despite the fact that both cbs and time warner cable have been trading barbs. if people don't have action to cbs, as many of them do not right now, there will be a lot
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of angry subscribers this weekend. so time warner cable has been supplying other ways people can find the sports content. cbs has been accusing time warner capable of not negotiating in good faith, but they are back at the table. >> good to hear. >> maybe -- on deck, very hot shocks stay even hotter, some of 20%, maybe even 30%. we're going to ask if they're set to cool off. >> the most insane thing we have ever seen on groupon. plus a call to arms. we'll ask the ceo of quicken loans if credit standards are getting looser and riskier loans are being taken out.
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this year probably, and the value of is the company by car, $885,000 per car sold this year compare that to toyota, that puts their value per car sold at better $20,700. now, before you get your magnetos and super chargers -- this was a fun metric. let's bring? cal wilcox. how come? >> i think that any time you look at earns releases.
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and have been really burned by that. >> how can you say that when you say wall street has union estimated, when the stock is up this year. maybe it feels like wall street is overestimating the company. >> when i refer to that, i was talking about wall street analysts. when you look at what the street sentiment estimates were, you're talking about a significant lost, they post a significant, you know, non-gaap profit for the quarter, as well as the demand curve. for the product, and -- >> but cole, this is her. we're so early in the stage here of -- for tesla, isn't it kind of sill will to even start talking about what they may do, what they could do, what the fundamentals are?
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really, c'mon now, the stock -- it's hard to justify it here. wouldn't you agree with that? with the valuation where the stock is at today. they're not looking at what the -- hey, they're looking at gen-x, and obviously the market is pricing in what is effectively a 100% probability that tesla will go on and execute on all those platforms, et cetera. >> but if they produced just 250 more cars, unit production was up by 250 cars sequentially, then several hundred cars they created for comp cars, to use when cars are in repair, stuff like that, there are people who say that the demand for cars actually fell. you had some pent-up demand, but like i was talking to elon just
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a few weeks ago and asked the question, how come they're not doing an incentive program for their customers? hi said he don't have a demand problem, we have a production problem, where they're not able to -- well below, what they thought they would actually do. in order to give them -- >> cole, i'm running out of time. how do you value this company? what metric do you look at? is it like amazon where you say forget the metrics, we just believe in the company. >> it's you willy like amazon, is this the future demand as we go forward? is this company going to disrupt
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you have to say what is the scale of the marketplace for the products they have, and you look and say this is the future, that's how -- if what's the size of the market? and is tesla the company that will own that space? i know you have a question quick. >> just a point i want to say. and you have tread marks i have on my back. i will say the point he makes here, you just have to believe, this is a case you have to believe in the long term. it doesn't matter until it matters. >> you're not calling this the mets, are you? >> some people might. >> interesting it was a downgrade. there are a lot of questions -- >> but that downgrade, they want the stock is going to 279. the worst analyst call i've ever read in my life. that they're exceeding fair
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value. anyway, downgraded maybe isn't really a downgrade. two other stocks, orbitz, priceline up 48% this year, trading -- you can see there 934, can it really be worth this much? let's bring in piper jaffray's michael olson. in the past we've seen the 1,000 price target, sometimes being called the kiss of death. why is it not that for priceline? >> maybe this is another one you have to believe. you've got to believe there's also a great fundamental story. if you look at the international opportunity ahead of online travel, we're at a point where only 50% are online.
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>> so what are the risks to your price target achievement? play the other side for us, mike, just as a devil's advocate. >> i think the big thing that some people brought up in the last 12 to 24 months, there's definitely a lot of competition, a lot of marketing espn that will have to continue to take place in order for priceline to maintain the share that they have. look at this quarter in particular they're about to report tonight. the street on average has operating margins down something like 400 basis points or four percentage points year over year. that would be the biggest drop in operating margin in years. i don't think that's going to happen, but certainly it speaks to the concern that people have around the amount of marketing they'll have to do to maintain the market share they have. >> thank you so much for joining us, mike olson on priceline.
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>> can we talk about groupon now for a minute? the street basically left this one for dead under yesterday, when the companies reported earnings that simply knocked it out of the ballpark. that symptom is up 25%. let's bring in julia boorstin. i mean, what in the world is going on? that's why we have the outer space theme today, julia. no one can figure it out. >> well, brian, wall street was very happen to see the company is getting back on track and applauded the appointment of a permanent ceo now he joined us for an exclusive interview thor on "squawk on the street" to share shy vision for the company. groupon should be one of the great e-commerce companies in the world. we're in the midst of trying to figure out to be to be a predominantly e-mail, to -- >> investors are pleased that
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groupon reported that in north america half of the transactions were completed on mobile devices and direct marketing accounted for less than 40%, this as people go more to the site or app. to find deals. the company also announced a $300 share repurchase authorization. his challenge now is to take what's working for groupon in the u.s. and apply it overseas where revenue declines accelerated. this is groupon's best performs days for the stocks, but the stock still has a way to go, still down more than 40%. you can find more from my interview on cnbc.com. mandy, certainly it's a story to watch. >> indeed it is. before we go, i just want to point out this thing on sale on groupon right now. it's called the lady elegance, apparently it's a travel -- you with get a two-pack, split with a friend if you want to. the retail place is $22.
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and all right more than 1,000 have been performed, for thought gotta go moments. >> i honly don't know -- you go to the website to figure out, is it amazon, overstock? is it what? i don't know that they know. >> are they having an identity crisis? >> i think they're making it up as they go along, and a mini-yelp. there's reviews, and a couple star ratings as well. so trying to become sort of a yelp clone as well. >> what you need to know is this, revenue up 7.1%, this past quarter 48%, a year ago -- this is a resetting of the business model. i hope they get there. the key in what lefkofsky said, is long term. compare that to what is selling now on gilt, mostly known for clothes, jewelry, now
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it's selling a car, and pretty fancy one at that. going for just under $40,000, but with that two tickets to the sundance film festival, so it seems to me that gilt, groupon, all they sites are trying to become the great thing. >> i didn't even know independents they don't. it's not dog bites man. >> but they just sort of disappeared and now they're coming back -- >> there's so much overlap, what's -- what's going to happen? not everybody can survive. though el have to either merge or die. >> yes, i agree. >> who is going to die? no idea? >> i have some ideas. >> the raccoon, not the floorboards. still ahead, an upgrade for mr. salty, plus which luxury car is the best-seller for three of the last seven months. later on morningstar's fund manager, delivers three five-star stock picks. i want you to think about fargo,
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that's about 3.7%. doing very nicely with signs of stabilization. you know what, ryan? the u.s. dollar at a seven-week low is certainly putting fire under those as well. the answer to our tease question -- which is the best-selling luxury car for the third time in seven months? it is audi. second-place bmw, sales rose 13.5%, but still not enough for overtake audi. bmw is still in the lead for annual sales. mercedes-benz came in third. weekly mortgage rate numbers show the average for a 30-years is 4.4%, pretty much unchanged for the week before. joining us now is bill emerson. bill, can you just clear up a simple point, you know there's been a fight going on for a couple weeks, 4.5%, are they
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goods to destroy the housing market? >> there's no way that would happen. there's plenty of people out there that want to buy. in fact inventory is a little tight. >> i totally agree. we are seeing the higher rates and mortgage applications. to what degree to make up for the -- make lower credit standards. >> so clearly refinances are off, but again, you have to think about it. 4.a 5%, there's a lot of people that haven't refinanced. from our perspective, you don't
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look at that as lessening credit standards. for the most part, the market from the -- so, you know, clearly more people will start buying homes, as you see, you know home prices go up a bit, as the economy gets better, as jobs get a little bit better, but i don't think credit statistics will get tremendously loose. >> there's some concern here that -- what is it -- that we could get stupid again, start offering the hybrid a.r.m. things. is there any chance. >> no chance that can happen. that's been regulated out. the qm rule will be ruled out in january 2014, so you can't do an interest-only loan, you can't do a neg am.
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the question is, will anybody play in that market? i think the readity is time will have to tell us, but i think you'll see people listening inside that bucket for a period of time. >> to what do you think the a.r.m.s will get more attract iskt? the a.r.m. is a really good product for a lot of people it has a fixed rate for 5, 7 or 10 years. you know, i think you'll see that as a higher percentage, but still are rates as low as they were, people will still focus on the 30-year fixed. >> for what kind of person is an adjustable rate mortgage good for? >> anybody who won't be in the
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home for the next five to seven years. if you know you'll move in a shorter time frame, why would you pay a half person or potential three quarters of a percent for a higher fixed rate when you know you'll move out of that property. so you have to evaluate your long-term goals and ask what is it you're trying to accomplish? and if you're going to be there a shorter period of time there's no reason to -- >> bill, thank you very much. thank you. the magic hour is ahead, and the top three under the radar picks, plus this. >> united states of imports. the catch, the big business the seafood. the story when we return. right now, 7 years of music is being streamed.
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the day you may have miss the. two names in fact, going to be ambitious, nike and underarmour. >> with an outperform rating, now, the gross margins as well as issues with china getting fixed. that combined with accelerating innovation. they don't dislike underarmour, but it's up nearly double the amount nike is this year, an the price to earns ratio is actually more than double nike. let's look at stock number two. >> the target is 74, actually, so again it's above where the stock is now, but they're not as aggressive on the name, except reduced earnings visibility. lower-end consumers and housing costs. what we've talked about, when you buy a home, you generally
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don't buy other stuff, then you buy a bunch of stuff. >> another stock, and it's related to the last call, actually. >> it is a retailer and it is jpmorgan. upgrading lowe's, saying the stock as, quote, plenty of room to run, that would read to more consiste consistent. >> we also have the last stock of the day in street talk, panera. >> oner lick securities upper grading. they've got faith in the management. and operating trends, thinks the share's valuation discounts the risk of ownership. how's that? >> i've been producer slapped, because i believe this is still
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one more stock, had to bring it out from under the rock. it is ame tech. >> 11 billion market cap. a pennsylvania-based -- hef a huge number of brands. they have a price boost for 50 bucks from 46, they think the deal pipeline is set to counter slower organic -- it was a target price upper grade. >> you totally upper-graded my upper grade. talking of upper grade. >> this one is microsoft, upgraded to an outperform, shares up nearly 3% on the call calls. ing inning director, kirk, we love your call. listen, we get caught up in the nuances of what we see, cell phones, xbox, your note is we don't probably understand enough in the media, that is the
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enterprise size of microsoft's business. >> thanks for having me. so i think we spent a lot of time on our note this morning running through what really powers microsoft's earnings. we talk a lot about what's going on on the pc side, you know, our updade stems have the fact when we look at the risk/reward, we feel like the exposure to the pc market, which is in disarray is less than it's been. you look at the enterprise side of the business drives in our view close to 80% of the earnings power of this company. then on top of that, you have some catalyst over the next month or so. as well as if activists want to go after a board seat, they have to nominate that by august 30th. >> so the point is well made, right? that the enterprise business is really -- have to focus a bit
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too much on the windows side of things, but nonetheless in terms of windows phone, though the market share is a whole lot smaller, it is gaining, isn't it? >> it's making its way, but i think when you look at microsoft and the thin climate we're under the mobile world, it's going to take a long time. at this point in time, you have to wonder whether their efforts are better focused elsewhere, and let some of the bigger guys hammer themselves on the price. >> so they can -- they should perhaps pull back? >> i don't think they'll pull back. i think the question is, can you remain relevant? can you good et to consumers? i think when you think about that market, people buy devices, and applications. microsoft will do very well in applications. the question is how to differentiate yourself. they do that very well with xbox. i think they've had obviously service has not gone the way they hoped. i think what investors want to see is a more measured approach. again, most of the eps power is
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really coming from their services that they're offering to businesses at this point in time. the risk really associated with microsoft and the concern to a certain degree is they get too dramatic. still when it moved necessarily the needle that much from an eps perspective. >> try to start using the term cloud computing, because basically computing is cloud computing. that being said, they have a lo lo the on the application side. >> sewer seeing them have nice progress. i think the initial uptake has been positive. keep in mind they're offering a service. some issues they run into in emerging markets get lessened a bit when you go more to a cloud offering. azure, when you done amount ws an -- which is keerly one of the most disruptive trends, azure is
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really the only player with the scale and develop are ecosystem that can maybe rival it. they talk about a billion in revenue on that already. you can try to figure out if that's really pure cloud or selling into cloud providers, but nevertheless we think they have a good opportunity. >> kirk, thank you for coming on and explaining the three reasons for the upper grade of microsoft. >> thanks very much. still ahead while made in china or made elsewhere could actually be one of the best things for the u.s. economy. plus i bet we can guess what you were doing yesterday. article 6:53. >> are you talking to me? >> them. all the people out there. but first bill griffeth, i'm not going to ask you what you were doing? >> a.m. or p.m.? >> p.m. >> what are you going to be doing on "closing bell"? >> pep ko's bill gross is with us, he says he's assuring their
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shareholders that the firm will win the ward in the bond market. he owe joint you -- plus his take on how the next fed chairman will affect the bond market. also dallas fed president richard fisher says it's time to taper. he's been saying it for a while, but he'll tell you how he says it should be done to avoid wreaking havoc. spend more earnings tonight from priceline, lions gate and monster beverage. see you at the top of the hour for "closing bell." more "street signs" coming your way. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪
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yep, foreign tourists pumping 87 billion into the u.s. economy during the first half of 2013. that's up 7% from last year. the biggest group of tourists came from canada followed by china, and probably australia is right up there as well, because every time i go to times square, all i can hear is gday. >> funny. >> you've added billions to the gdp with shoes alone. some are calling for
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americans to buy imports. they say it's good for the economy. courtney reagan joins us for the series "made in america." aka courtney in a. >> should be buying imports. >> without a lot of american businesses and the american workforce could be caught like fish out of water. sea foods in boston relies on imports. the company ships more than 36 million pounds of seafood every year, and most of that is sourced overseas. >> in 1985, about 80% of what they did was domestic fish. at this point it's flipped. we've seen that import has helped us. 84 years old stampish haus grown eightfold to 126 employ crease in the last three decades. consumers now want their fish year round.
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maura, who does research, and dozens of other companies and trade organizations is finding what she calls an outdated perception that exports are good, and imports are bad. more imports, more jobs, more growth, more connection with the global economy in the 21st century. >> bachmann says 16 million american jobs exist solely because of imports. >> we've got shrimp out of indonesia and india. on the other side over there, tilapia, which is coming out of china. we also have some domestic shrimp over here. >> this freezer holds over a million pounds of fish, 200 different species from 35 separate countries. without imports, this business would look a lot different. >> the whole industry would be smaller. it would be some pretty negative
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impact. >> now the employment numbers in the industry would be smaller, too, thanks to imports, supplies keeping up with consumer demand, the industry has kept many jobs where some might have been lost. >> i have a question. was the hair net absolutely necessary, or did you choose to wear it? >> actually it was necessary. you don't want hair in with the fish. coming up, why the land of 10,000 lakes replacements prince and the jayhawks might be the best bet. >> plus booze and gambling. stick around. and the better i am at them, the more i enjoy them. tdd#: 1-800-345-2550 so i'm always looking to take them up a notch or two. tdd#: 1-800-345-2550 and schwab really helps me step up my trading. tdd#: 1-800-345-2550 they've now put their most powerful platform, tdd#: 1-800-345-2550 streetsmart edge, in the cloud. tdd#: 1-800-345-2550 so i can use it on the web, where i trade from tdd#: 1-800-345-2550 most of the time. tdd#: 1-800-345-2550 which means i get schwab's most advanced tools tdd#: 1-800-345-2550 on whatever computer i'm on. tdd#: 1-800-345-2550
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time now to reveal the perfect time to drink wine. a new study says that 6:53 p.m., p.m. folks, not a.m., not wednesdays, very specific, is the wine witching hour. why, you're asking? well, unfortunately, we don't know everything. we certainly don't know the answer to this one. the study finds that men are quicker to pop the bottle by about 27 minutes. i would beg to differ on that one. >> yes, you would. we love to tell but under the radar stocks here on "street signs." we also like looking at the right camera.
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these make you money. we have three today. mark henman. mark, your picks are all from one of my favorite states, which is minnesota. so go through them one by one. your first name locally homegrown that you love is -- >> let's talk about a name that people haven't heard of, unless you work if a research lab, which they are well known there. they compile biotechnology to labs. business has been soft recently as the government cut back on spending. but the thing we like there is new ceo that came from 3m. we hasn't told us what he's going to do but what we think will happen is he will increase innovation which will drive growth. >> so you are pinning hopes with a new ceo. what about donaldson? this is an interesting story. >> yeah, donaldson makes filtration air and fluid filtration used in heavy trucks. their business is soft also, for
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the same reason caterpillar has been weak. we think they will pick up nicely. they have great products. once they are on a platform they sell replacement plat forms for that vehicle. >> why do you think it'll pick up? >> because it always has. we're patient enough to wait for that to happen. could be a while but given the opportunity, it is worth the wait. >> you missed the most important thing about donaldson, which is that ceo bill cook went to virginia tech. he is a good hokey, as am i. put that into your research pipe. what's your third pick? >> donaldson, techne and now with trucking volumes being soft and what is important is the supply and balance between trucking and suppliers is in balance which is not good for ch robinson. any change in the current situation we think will drive earnings going forward and valuations is very attractive. >> i think what is interesting
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here is, sometimes when we get like a list from some of our guests, that they have these wonderful glowing points about why they like a particular stock, you have highlighted problems and head winds that each three of these companies are facing right now. so you're basically saying, be greedy where others are fearful. >> that's right. you have to buy where there's opportunities. the macro environment created opportunities for these companies. >> well said. we will leave it there. did you just pick these companies because they are minnesota? is this a hometown behavior? >> well, actually, thanks for asking. 63% of the mars and power growth fund are companies based in minnesota. >> very nice. i like it. next time you're local, i'll buy you a beer. >> thank you. >> up next, 425 million ways to splurge.
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♪ we are farmers bum - pa - dum, bum - bum - bum - bum ♪ a quarter million tweeters is beare tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. live picture there. obviously nothing is happening right now np is roseville, minnesota, where there will be a lot of action. at the top of the hour officials will introduce one of the three lucky people who have the winning powerball numbers last night. the winner will be there. the other two winners, in new jersey and they will be divvying
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up a cool $425 million. and we brought in mr. robert frank to tell us exactly what those three people will get. >> because i'm very good at telling people how to spend a lot of money very quickly. so each of them, each of them gets $86 million or about 58 million after taxes. so i did a little mansion and yacht shopping. because that's what elmer fud says makes you rich. >> did you go to groupon? >> not yet. can you buy a yacht. i think we have an image of it. 192 feet. there it is. >> too big for the lake in minnesota. >> you can take your private jet. these guys are new jersey. so a gym, theater, seat your 12 guests. beautiful boat. yours for $46 plus the millions a year to keep it up. >> there it is. $58 will million. gone. >> if yachts aren't your thing, and this is for the new jersey winners, alpine mansion, stone
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mansion, up in alpine, 30,000 square feet. my favorite thing about this house, and i've been in this house several times. it has a basketball court that transforms into a swimming pool. >> back up, back up with be back up. you've been in this house several times. >> this house is about three miles from cnbc. >> yeah, gorgeous. >> why have you been in this house. >> it's my dream house. it's been on the market and it is my job to know these things. >> do you just pretend to be a perspective buyer to get in? >> you could with this money buy 22 bagatti es it.
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>> you. >> >> thanks you so much. >> thank you so much. >> always a pleasure to help you spend money. >> thank you so much for that. and thank you everybody for watching street signs, brian, this is your last "street signs" for a little while, right? you're up -- >> to the upper peninsula, you bet. >> the "closing bell" is next. >> hi, everybody. welcome to the "closing bell." the dow and s&p 500 on track to snap a three-day losing streak. >> i'm bill griffith. are you in a bad mood? >> i'm in a good mood. >> you just gave me the raspberries. what is that about? >> raspberries are better for you than blueberries. that is my snack. these are good earnings. jobs claims report, higher but not as high as
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