after hitting a new intraday high, actually negative now. the nasdaq is negative by two-thirds of a president. was we have a 0.2% gain in the dow jones industrial average. new field expiration, first solar, and best buy, some big percentage winners on the day,ty. >> what a week it has been. we're closing with lots of head fakes involved. that will do it for "power lunch". >> have a great weekend. see you monday. "street signs" begins now. as sue and tyler said, stocks are losing some steam. has the market rally, mandy, finally tapered off a bit? >> that's a very good question. also, the best-performing name in the s&p right now is newfield exploration. the ticker is nfx. let's get straight down to bob pisani at the nyse. bob, we started strong. as you can see, we're drifting lore. why the weakness in the middle of the day? bob pisani, you there? okay, maybe not. we'll hopefully get to him in

just a second. of course, the question is, where, of course, we're headed from here. let's bring in now bmo private banks, jack abelin. have you been surprised at the level of strength we've had this year, especially with all that's going on, notwithstanding a little weakness this afternoon. >> i'm certainly remarked with the gains we've saw this weak. we had the crimea referendum hanging over our heads as we came in on monday morning. yet, the markets powered 2% higher, even after that, so it has been remarkable, certainly choppy the beginning of the year, but it seems like a lot of that same liquidity-fueled momentum we enjoyed last year is coming through again now. >> jack, it seems like there's two ways to look at this, with crimea, with china slowdown, the world is a scary place. sell stocks, buy bonds or gold. or, the world is a scary place, bring your money to the united states, because we're still the safest house in the neighborhood. what's your take? >> yeah, i think that's it.

it's still a risk place, it's still an equity play, and it's still a u.s. play. i will say, overall, you know, the center of attention has been u.s. small caps. they've gotten, i don't want to use the word bubble, but they've certainly gotten very, very expensive. there are still some large caps here that are a reasonable deal. some markets here, and even some of the developed markets internationally, probably a decent place to be. but really, the only thing standing in the way of, you know, equity gains for the s&p is really just high valuations. but it seems like incremental economic progress and huge liquidity, you know, continue to power things higher. >> in which particular sectors are you seeing the highest valuations, jack, that you may want to avoid at this stage? >> well, within the s&p 500, i would say consumer discretionary. this would be a remarkable sector, that really we latched on to, thankfully early in 2009, when it was just, you know, in the dust bin, and started to

catch a little momentum. now, you know, five years later, discretionary shares are nearly 50% points above their historical relationship to the s&p 500, and they still have some incremental strengths. so, you know, jumping on that ship, you're really looking for some momentum. but we're waiting for an opportunity to perhaps move away from discretionary into some cheaper sectors. >> i'll flip mandy's question, then, jack. you sounded a little nervous about small caps. you just gave us your sector view. what looks undervalued to you right now? >> sure, i well, certainly international is undervalued, and emerging market is cheap. unfortunately, there isn't much momentum there. so, we're kind of going halfway and we like international developed. europe is not a bad place. we do think that the euro is overly expensive. and we think at some point, policy makers, either fiscal or monetary, are going to come in and take steps to weaken the euro. and if that is the case, then

that's a catalyst for some big gains over there. in the meantime, they're still trading at a 15 to 20% discount to our market and pretty highly correlated. >> not a bad place to be. and we've heard quite a number of comments from the ecb's draghi about the euro as well. not the only person who's saying that. jack, thank you very much for joining us. we are really watching the biotechs getting whacked today. is this just profit taking, shelia, from a very hot sector, or is it maybe something bigger, like a larger rotation out of biotech? >> yeah, mandy, there's a lot of debate going back and forth about that, but let's talk about today's sell-off. it's very interesting. started right after the open. you can see that there's a sharp drop-off in the nasdaq biotech index. all the names we've been talking about a lot over the last year, gilead, alexion, and regeneron taking a big hit. and the reason, a letter from congressional democrats to gilead abouting about the new

drug to treat hep "c." the big concern, pricing. it can cost up to $1,000 a day, which means $84,000 for a three-month treatment. so very, very expensive. and there is no government regulation of drug pricing. medicaid and medicare can negotiate discounts, but this letter sparked a lot of concern that the government can now start to intervene and bring down some of the big, big prices of some of these new super drugs. most analysts are not concerned about this case specifically. there's a lot of clinical data that shows support that all of these pricey drugs have better cure rates, but there has been some biotech buying and selling going on after the sharp drop-off. you can see that the session did bounce back from session lows. and this is a sector is up. so today's move is a relatively small one. but completely adds fuel to the fire that the biotech party could be coming to an end soon. so an analyst over at sanford and bernstein, he told me that he thinks we're in the eighth

inning of this biotech party. he says the you look at the large cap action, it's moving sideways. he says demand for ipos, also secondary, seem to be waiting a bit, and there's a lot of investor focus now on other parts of the economy that are gaining steam, which means yield for them as well. a lot of questions now brewing about biotech. today's sellout definitely sparking those questions. brian? >> shelia, it's a fantastic segue. let's bring in jeff. jeff, you were just quoted, back to you. what do you make of today. do we need to really worry ability gilead's impact on the entire sector? >> well, today was an interesting overreaction, probably. the likelihood that congress can dictate price to gilead is infinitesimally small, in our opinion. and really, this isn't the beginning of a change in drug pricing overall. so we're not concerned about this, but there's definitely some evidence that the conviction about the sector and about this rally that is now two years long is starting to wane.

we would say, this is not the end of the biotech boom of 2013, but it might be the beginning of the end. >> okay, when you say maybe the eighth inning, jeff, where would you remain invested in the biotech sector? >> well, paradoxically, we like the large caps. we think if you look several years out, the large cap biotechs are still relatively affordable. they're trading at only nine or ten times what's likely to be peak 2017/2018 earnings. and as such, they're pretty attractive, even by comparison with med tech stocks. it's in the speculative companies that are bringing their drugs through the development process that the most risk probably lies. and that's where we've been advising people to pare back their exposure. >> are there any, though, jeff, in that experimental stage? that can be a ten-bagger if the drug is approved and bought out by a larger company. are there any of those start-up, experimental trial date companies that you think are good bets?

>> look, there are new companies coming to market every day. we've had a sort of ipo window that's virtually unprecedented in the industry's history. we like a small company called portolla pharmaceuticals. it's less than $1 billion in market cap. it's not as sexy as some of the new companies, but it's a stock that we think has a lot of upside over the next 18 to 24 months or so, and probably can even still move up through the balance of this year. but we generally have more cautious about these concept company companies that don't have the evidence that portolla does. >> geoff porges, thank you for joining us. gold is on track for the biggest weekly fall in four months. maybe, just maybe, in the first half of 2015. let's bring in miguel. it's been a bit of a messy week

for gold, but you are not perturbed. >> i'm not. i was surprised it broke the 1450 level. we have goldman sachs calling gold to go down as low as 11,50. but for the short-term, we're going to see short-term, we're going to see volatility and some people will take vac advantage of that. >> do you think the investment firms, the big money will start to come back into gold. is that something we're seeing, as opposed to the hot money that can move in? >> that's definitely what is supporting goal. when they saw it tank out and go down to the 1,100, 1,200 level, they said, this is a good time to be in, to build our portfolio and keep it in. this drop this week is hot money coming in and out. >> miguel, i asked to separate us. i was nervous about showing you this next item. i asked our team to make a long-term graphic of interest rates, ten-year yields against gold. i don't need to tell you how it looks, but i'll tell for the audience. they're inverted. if you believe that interest

rates are going to go up and most people we've talked to do, doesn't history say that gold necessarily must a few? >> that's great about history saying that gold must fall, but the one thing is, we've never been at this place in history. what's going on, the accommodation that happened and the pullback of accommodation is an experiment and we don't know what's going to happen. and if you want to be protected, you have to own gold. >> but if you think interest rates are going up, and i hear inspect to the points you just made, but if rates go up, can gold also go up? >> it is a possibility. depends on what happens in the overall economy. it is a possibility. just as we saw in the '80s. >> okay. we're going to leave it on that note. miguel perez santella, thank you for joining us. let's take a look at the shares of boeing, taking a slight hit today following a downgrade at goldman. phil lebeau, this has been a teflon stock. we have talked a lot about this stock, despite the setbacks, despite the negative headlines.

nothing sticks to this stock. >> well, they've outperformed the market, that's for sure, over the last year, when you take a look at boeing versus the s&p 500. we'll show you that in a bit. when you take a look at shares of boeing, it took a bit of a hit today and started to come back a bit. goldman sachs downgrading boeing to neutral. the basic call, goldman sachs says, when you look at the cycle of new aircraft orders, are we nearing the peak of that cycle? year-to-date, boeing orders year-to-date down 38%. here's what goldman sachs is looking at. look at the orders in terms of the orders cycled for new aircraft. and when you go back to 2009, which was the low point to have this cycle, all the way through now, a lot of people are saying, can it get much better than this. goldman sachs saying, it may plateau, may eventually start to pull back a little bit. boeing deliveries are increasing. we should point that out. we had a record number of deliveries last year. the 787 dreamliner is a perfect

example. they're building 12 per month. the eventually cadence will increase from there over the next couple of years. and the order backlog is at an all-time high. if you wanted to order a new dreamliner or a new 737 next generation, you're not getting that plane unless you take somebody else's slot, until well out in this decade, early next decade. so that's why when you look at boeing versus the s&p 500, here's what the two have done this year. boeing has outperformed the s&p 500, and the reason is, a lot of people say, sure, there might be a bit of a bullback in orders, but look at that backlog. that order backlog is huge. >> it sure is. and that chart tells a million stories. thank you very much, phil lebeau. but still ahead, we're bringing sexy back. no, brian and me, we're talking about the old, boring tech names that have been making some really big moves this week. and we're going to tell you about silicon valley's latest mystery and why yummy is our word of the day. and trust us, folks, it has nothing to do with food. we're back after this.

and see them through, we say: let's get to work. because the future belongs to those who challenge the present.

we're laooking at a live picture of the white house, where in less than two hours, the president will meet with several technology ceos. the meeting will focus on technology, specifically privacy and the nsa. the white house has not released the guest list, but will only say facebook, yahoo! and google have all been invited. well, is boring old tech sexy again? take a look at the performance of old tech name just this week. big names like microsoft, seagate, and applied materials

all up more than 6%. sandisk up more than 9. hp up more than 10% and hewlett-packard this week trading at levels not seen since 2011. but why? let's bring if kantor's brian white. bob pisani has been talking a lot about this and he's got some theories about why this sector has done so well this week, but i want to hear what your theory is. >> i think when you look at hewlett-packard this weekend, a couple of things. a very positive article on hewlett-packard last weekend. you had a shareholder meeting this week. and you had hewlett-packard talk about the 3-d printing market. it actually announced there will be a big announcement around 3-d printing in june. i think all of those things are causing hp to have a decent week. >> but why the others as well. why would that throw through to the others specifically? >> i would just say, when i look at, we cover a lot of big cap tech names and when i look across my universe, a lot of these multiples have contracted

30 to 60% versus the s&p in the last six years. so while, you know, there's high flyers out there in other areas, that receive, you know, 10, 20 sales multiples, there's a lot of big cap tech that's trading at like eight times earnings that actually are doing okay. so i think you're seeing some type of rotation, maybe, into some of these bigger cap tech names. but hewlett-packard had a great 2013. most big cap tech did not have a good 2013. >> brian, how much of hp is just a balance sheet and buyback story versus an actual evolution of the company? >> it's a great question. i believe hp is more of a marketing story than a fundamental story. if you look at their margin profile, it's about a third of their competitor's. if you look at eps growth, it's zero for the past five years. and i don't expect that much growth going forward. it's more a marketing story. >> brian white, thank you for joining us.

now to steve liesman in washington with some breaking news. steve? >> brian, thanks very much. first, i want to give you breaking news from richard fisher on the wires. saying that asset buying should end in october. that qe ends in october. there's a debate that it's not totally settled. his opinion, it ends in october. we were just in a conference here where jim bullard and san francisco fed president were speaking and jim bullard gave the first comments about what that six-month period may have meant from janet yellen. and he'll talk, as you'll hear here, very reluctant about it. >> i think you have to ask individual members. my own dots are back to normal. on the considerable period being six months, the surveys that i had seen from the private sector had that kind of number penciled in, as far as i knew. and could see that that wasn't very different from what we had heard from financial markets.

>> and bullard went on to say that the six-month time period mentioned by janet yellin, as far as he was concerned, was equal to what was already out there in market expectations in most of the surveys. now, john williams, the san francisco fed president, spoke about risk in the banking sector, and in a discussion about whether or not there was concern about financial instability from low rates. and here's what he said about banks. >> we do, most definitely, see banks taking on extra risk, going out. so i do think we're seeing even in the banking sector, especially with small or medium-sized banks, basically even with the flatter yield curve, looking to get -- taking on greater duration and risk. that's something that in the supervision world, putting out guidance and really focusing on making sure that the banks are putting extra risk there. >> so, guys, the debate really remains out there, when yellen said six months, did she mean october?

starting from october, do you count, or do you count from december? when a lot of folks think it was a mistake and ultimately she did want to change the market's reaction or sense of when the fed will raise interest rates. brian, back to you. >> steve liesman in d.c., thanks very much. first it was a mystery barge, but mystery barges are so, you know, last month. now silicon valley buzzing over a mystery campus. josh lipton, any clues about what this is? >> reporter: well, sully, it's all the buzz right now in silicon valley. which tech titan is going to be moving into this space behind me? now, we do know, this is going to be a huge office park. 2 million square feet, including a basketball court, a swimming pool. it's expected to start construction this year. the estimated cost, $700 million. now, the mayor of san jose, he says he knows who this tenant is going to be, but he's not talking. >> well, the company name is not something i can divulge. they've asked me to keep it

confidential, and i will, but it's a pretty big deal, 2 million square feet is an awfully large space. >> reporter: beyond awfully large, this is going to be twice the size of facebook's campus. and we have four good clues about who this tenant could be. we know it's a fortune 500 company. we know it's specifically a silicon valley tech company, it's an recognizable name, we're told, and it would need to have enough space to accommodate up to 10,000 people. there are 22 fortune 500 companies here in silicon valley. some names to think about, gilead has about 600 employees. sandisk has about 5,500, plenty of room to expand there. amd has 10,000 employees. maybe they could squeeze their way in. that's all employees, not just those in silicon valleys if no time frame right now on who exactly this tenant going to be. for now it remains the big mystery here in silicon valley.

guys, back to you. >> put on a hoodie and sleep out overnight and do some investigative reporting and find out. thank you so much, josh lipton. still ahead, the sharks are circling red lobster, but a guy who says the stock is still a buy. and some comments that got us asking, who might be russia's next annexation. stick around. (vo) you are a business pro.

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welcome welcome back to "street signs." shares of exelon, along the best performsers in the s&p today. their price target up to 35 bucks from 23. they believe that expectations and fundamentals for the competitive power business have bottomed. that's helping to push shares of other power and utility companies like edison international and first energy up as well. they're also leaders, brian, in the s&p 500. back over to you. >> dominick, thank you. vladimir putin signing russia's annexation of crimea into law today. and russians celebrated minutes ago, with look at that, fireworks over red square. let's bring in eamon javers. is there any risk now that some

of the other baltic nations could be in russia's sights? >> the question is how far is vladimir putin willing to do? there's been a lot of attention on diplomats from moscow on what there intentions might be. the annexation of crimea was done under the pretex of protecting ethnic russians who are in that region. now we are starting to see similar comments made by russians elsewhere. take a look at this one. according to reuters in moscow, diplomat at the united stateses talking about estonia, now, said language that is the russian language should not be used to segregate and isolate groups. i'm concerned by steps taken in this regard in estonia as well as in ukraine. so possibly an attempt there by russian diplomats to sort of extend the predicate by which they took this decisive action in crimea, possibly to estonia. now, the question is whether they would like to take action in estonia, which is a much different deal. obviously, it's on the northern part of europe. it's a member of the eu, a

member of nato. a much bigger fish than crimea. you're starting to see this language and that's being watched very carefully here in washington. >> i'm sure washington is very concerned by the potential land grabby russia and putin, but what are they going to do and what can they do about it? >> we've seen a series of sanctions that's been extended this week. they've targeted some of the russian oligarchs. they've frozen their bank accounts. they've prohibited them from traveling to the united states, blocking real estate that they own here in the united states. that's expected. the idea is to put a pinch on the oligarchs that surround putin and provide his power base in moscow. if those guys start feeling the pain, maybe there's a way for them to influence putin and say, enough is enough, a big win here in crimea, let's step back. that's the intent of these sanctions and we have to see whether it works. washington has said it's prepared to scale up even further with further, more painful sanctions if russia takes additional steps, guys. >> eamonn, thank you very much. before we go to break here, mandy, i know you're not a huge sports fan, but are you aware of

the yahoo! warren buffett-backed billion dollar ncaa bracket? >> that i am aware of. >> perfect bracket? no way, duke just lost to number 14 ranked mercer. >> you're doing very well, too? >> i was, i was. john harwood, if you're out there, buddy, i'm sorry. this may be a perfect transition. up next, no water, no beer. how the drought out west has left barely any barley. that's having a big impact. but first, lasers, housing, and corn. they're driving all the day's actions. street talk is on the other side of this very quick break. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up.

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happy friday, everybody. just wanted to say that one more time. it is street talk time as well. we're leading off with jd uniphase. >> listen, the way they're talking about, they see more gains coming. their target goes up to 18 from 15. about 3.5 above. they like the product mix. by the way, the stock is up 13% year-to-date. core logic is our next stop up by 1.4%. they got initiated by

oppenheimer. >> core logic, we've talked about them. they're a provider of property, real estate analytics and information here, and in some country called australia, mate. target is 38 bucks. see potential upside of about 24%. they think new software is expected to help lenders identify mortgage fraud risks. >> and next up, we have albany molecular. those shares will be plummeting over 7%. a downgrade to underperform at stern ag. >> and provides global research for biotech as name might imply. stern's target remains $13. the price of albany molecular, $18.40. to stern ag sees about $4.50 of downside on this name. >> look at that. over the past year, up 82%, incredible. the under the radar stock of the day is green plains renewable energy. up a little bit today. piper jaffrey increased the target by 16% to 35 bucks. >> it's a distributor of ethanol. gpre is the ticker. their rating remains overweight. a small dividend yield.

one thing to pay attention to, short increase decreasing 23% from january to february. so fewer people betting against gpre. all right, from that to talking numbers and nke. nike shares falling around 4% today. here's the thing. the company beat the street, but says it expects currency head winds to impact growth down the road. but is this drop a buying opportunity? let's start talking numbers. on the fundamentals, paul swiny follows nike. are you advising people, clients, whatever to buy nike? >> we still think the shares are a little rich. nike has always been a company we've long admired, but you would have been much better off putting money to work when the outlook was much poorer. now they're firing on all cylinders. the expectations are still high, even with the shares down 4%. >> what about the charts, ryan? what are they telling us about nike? >> when you look at the charts,

long-term, this one has looked good for a while. it will continue to look good. in february, we saw the 200-day moving average, went down to 70, tested it, and went up. that says the bulls are still in charge. getting to lately shorter term, we have some concerns at the 80 level. a nice double top there, pulling back today. but what i am encouraged by, where we bottom, that's been supported a couple times in the past. so to me, near-term, as long as we keep consolidating here, i would still with a buyer here. >> you know, just quickly, the double top you know a lot more about technicals than i do, but a double top is generally not a good thing at all. >> and what we want, we want a lot of those technicians to come out and say that and the crowd to keep saying. the guest before me mentioned the sentiment. a lot of short interests. analysts, there's more holds than buys from the analysts. there's not a lot of optimism for this one.

i still like that for an upward price action. >> a bit of a contrarian view. thanks very much. be sure to check out the online edition of "talking numbers," part of our partnership with yahoo! finance. up next, happy birthday, twitter, it turns 8. but up next, the one thing twitter needs to do to make sure it is still around 8 years from now. and if you like beer, there is a reason to be worried about the drought out west. and all the details on starbucks' plans to get you to never, ever leave the store. but first, let's check in with bill griffeth. what are we watching? >> as you know, this has been a crazy market day. the dow was up 125. the s&p was in record territory. now it's anything but. we have quadruple witching expiration coming up in this next hour. could add a lot of volatility to the close. we'll keep an eye on that. and also, two very different views on apple. one guest says buying apple is a no-brainer. the other says you need to brain to buy this stock. don't want to miss that debate. and we'll hear the from tesla's

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wow, not the way you want to go into a weekend, folks. we were up 125 points on the dow earlier today. everything looked just peachy. the dow is about to turn negative. we just talked about nike. that's the biggest decliner. about half the stocks are up, but the dow is only up six points. mandy, i know you're going to talk twitter, but i don't need to tell our audience what happens when you tend to end on your lull of the day going into a weekend. it's not usually a good open on monday. >> it's not. we were at 1868 for the s&p right now. earlier on today, we hit a new intraday high of 1888. okay, happy birthday, twitter. the social network turns 8 today. the first tweet was by the founder, jack dorsey here, and it read, just setting up my twitter, you can see how it's

spelled as well, twttr. the company went public on november 7th, 2013. and if we fast forward today, there are now 241 million monthly active users, including myself, brian, and herb greenberg. the company, as i mentioned, went public on november the 7th, 2013. since that time, how much is it up? it is up 91% since then. however, and this is the however. it's actually been not a good 2014. down about 21% year-to-date, brian. >> on this anniversary of the little blue bird, let's take a look back at what our first tweets were. my first tweet, july 5th, 2009, typical complaining sullivan, back from the midwest, nine-hour flight delay on the way out, two canceled flights. the airline business needs a reboot. that's what twitter's for, is to just randomly vent. now let's take a look at mandy's first tweet back in december 2010. i am very excited -- >> no, do it in my voice and

accent. >> you do it. >> i'm very excited to become a tweeter. i think these first tweets really see a lot about our personalities, by the way. joining us from the street.com's herb greenberg, this was your first tweet, all the way back on april 1st, 2008, when i was about 14 years old. this is what you said, just signed up, blame kedrosky and li lindzon. >> they owe the world money for having you be on twitter. >> they said, you got to get there. >> it's been around now for eight years. we really trying to figure out, and we're daily users. we're already kind of converted, right? but we are not entirely sure that it will be around in eight years' time from now. >> well, you know, they have some challenges ahead of them. and i actually yellow flagged

them. and it was hard to do that. put a yellow flag on twitter in my newsletter, because, like how i got that in there, brian, because they've reached this point of saturation or plateauing in engaged users. they've got to do something to make everybody else come in. and what i wrote at some point a few weeks ago, is twitter is just too arcane and virginia scheduler used the words arcane in a presentation she made. they need to make it easier if for all of the rest of the people getting in, do people really no what an rt is? do they know what an mt is? i don't know what an mt is and i've been using twitter since 2008. do you know how to make a reply? this is something facebook makes so much easier. >> it's not intuitive. >> mt is modified tweet, where you retweet with a tweet. >> i had no idea. guess what, i've done a lot -- >> you put yourself out, sullivan is only 6'2", i correct

it, 6'4". modified tweet. >> and when i do retweets and modify them, i never let anyone know i've modified them. it doesn't matter! >> you're that guy! >> and the other parasite on twitter that we've talked about a lot is the negativity. the negativity on twitter. anyway. do we have time for facebook? no. thanks a lot, herb! we're going to retweet you. >> you're very welcome. still ahead, meet the yummies, they're young, they're urban, and they're men. why this group could be a game changer for the luxury market. and red lobster in hot water. sharks circling. we've got an analyst who thinks the parent company is still a buy. they'll make the case next. but first, again, folks, a check of the markets. we have lost over 100 points on the dow in about an hour and a half. stay tuned to cnbc, the worldwide leader in business news to see what happens.

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we have got to get to bob pisani here. the s&p down. bob, what in the he can the going on with the stock market in the last 90 minutes. don't say duke. >> i won't. that far, i'll stop there. look at the s&p. there it is. i'll give you three points. first, there's a sell side imbalance that's existed now for

the last couple of hours at the close. why is there? well, this is an options expiration day at the close. and there is a lot of gyrations going on with stocks and closing out positions. it's very hard to figure out this point. but i think that's the main factor. number two, richard fisher of the dallas fed was out talking a short while ago, saying he had no qualms about seeing a little more volatility in the markets and also saw some signs of excessive risk. i don't think that's particularly helpful and that may have been a factor in at least a small part of the recent drop that we had. finally, we're getting a rebalancing at the close. more gyrations that's going on. a lot of big companies have stock that's going to be reduced in the s&p 500, because they've been buying back stocks. ibm, cisco, express scripps, apple, illinois tool works, they'll be reducing their weightings. there's a little bit of gyrations going on. i think there'll be some stocks for sale at the close.

that doesn't necessarily mean we'll see drop. remember what goes on here. they advertise this. everybody has their sheets knowing what's up, what's for sale and try to attract the other side so you get as little price movement as possible. but as you can see, that isn't always perfect. brian? >> all that being said, bob pisa pisani, you talked to a lot of guys down there on the floor, and a lot of girls as well, and do they believe this most-hated rally will still continue going into next week and beyond? >> everybody hates this rally and has for years and years. the public hates it. professionals hate it. and that's the best thing that the rally has got going for it. the vast hatred that exists for it. the one thing you could say, as a market watcher is, despite some weakness today in health care, because of the biotech situation, the overall market trend is in tact. all ten sectors of the s&p are up this week. there are no science of broad market sell-offs, or despite what happened in biotech, even the leadership groups are holding up. financials have had a fabulous week. the kpw index is up 4%.

techs had a great week. still there. rallies still in tact. >> thank you very much, bob pisani. always good to have a voice of reason, explaining what's going on in these markets. anyway, it does seem that the sharks are circling around red lobster. its parent company reported earnings this morning that matched lowered estimates, but red lobster is really the company's worst performing change and darden shares are down almost 7% this year, but our next guest says darden is still a buy. he's got a 57% price target on darden. and we should probably address this whole thing about the sharks circling. there are a couple of activist investors that would like to see, let's say, a little bit of action taken and a faster pace. what do you think is going to happen with the red lobster business? >> i know some of the sharks out there, wanting to take a few more bites out of darden, split the whole company apart. but what we think will happen is darden likely will be sold to private equity rather than a full-fledged spin-off. and what we think will happen is

that any private equity owner will return red lobster to health, similar to what happened with outback several years back. and when they close unprofitable units and returned that company to health. >> steve, here you go. a year ago, last darden sales were higher than they were last quarter. one year ago cost to goods sold was lauer. sales have fallen, their costs are going up. how do they fix that? >> great question. the key to that is rejuvenating the olive garden brand. they haven't had a value contract that's worked. now it looks like they found something that's worked. it's basically a takeoff of what has happened at chipotle in which customers would choose a pasta, choose a sauce, and they add on a protein. starting price of $9.99. from what we've seen in our checks is customers are being to get receptive to this. we think if we get olive garden

sales to stabilize, i think it's something that will get the activists off darden's back. >> steve anderson, thank you very much. >> thank you. tomorrow is world water day. so all day today because we're not on tomorrow, on cnbc we've been looking at the big business of agua and the impact of an unrelentless drought. since it's friday and it's 5:00 somewhere, we want to know what will happen to the world's beer supply if the drought ranges on. sara, what is it like for a company like miller, coors, and what are they doing about it? >> they're worried about it. and it's increasingly something they cannot ignore. it's not just the beer industry, it's several industries. everything from clothing which depends on cotton, manufacturing, but beer is a huge one. it's because 90% by mass of your beer is actually water. it comes from the barley that they grow. it comes from the process, and, in fact, miller coors is a good

example. they are changing their whole brewery process to try to depend less on water or conserve water more. 3.9 barrels of water for one barrel of we're. and that's much lower than the industry average which is more like 5 to 1. >> it's certainly not just the beer companies that are hurting. also companies like coca-cola which use an exponentially large amount of water. how bad is the water shortage and how much longer to predictors think it's going to last? >> well, according to the united nations, by 2030, half of the word's population could face a water shortage with demand outstripping supply by 40%. this is a serious issue and it's only getting exacerbated by the crazy weather issues we've been having. the drought worst on record for california. less snowfall in the mountains. all of that affects the water supply. miller coors is already feeling it in four states where they have brewers. they're going to the farmers,

the barley farmers. they have 850 of them, and we attended one of their winter meetings where they actually were training them on how to conserve water, new irrigation systems. they're testing new forms of barley that the seeds are drought resistant. it's a big issue and they're spending more money on it. >> thank you very much, sara eisen. speaking of booze, starbucks has been experimenting with selling alcohol, wine, and beer in some of its stores for a couple years. apparently it worked. they plan to do it everywhere. jane wells is all over this story. is it happy hour yesterday at starbucks? >> well, not yet, mandy. you know -- i'm out in the middle of nowhere and there is a starbucks. it's along the i-5. the line was out the door. soon i may be able to stop off there for a beer. starbucks has been testing wine and beer sales for the last few years. rolled it out to a couple dozen stores. i have been to one.

they also sell special small plates of food at those stores. i have only seen a couple people drinking. starbucks wants to do this to get people to go there after, say, a movie, and they're rolling it out very slowly, maybe to 40 stores this year according to "usa today." before the big rollout because the only thing that may have bigger profit margins than coffee could be booze. there is a new report out suggesting that people are starting to cut back their alcohol purchases when they're out in restaurants, and next week i'm going to be at the bar and nightclub show convention in las vegas, of course, where they will be talking about all of this, i'm sure, over drinks. >> jane wells, thank you very much. coming up next, the yummy factor. why the luxury market is salivating over young men. we're talking under 40 here. sorry.

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all right. attention tech whizzes of silicon valley. if you're in the market for some new digs look to nuno further t today's "mega home." >> it's the ideal estate for the tech tycoon who wants to get back to nature. it's called the great oaks estate in the heart of silicon valley and it covers 16 acres of rolling hills and gardens. the house is over 11,000 square feet with that imperial rustic look, including beams flown in from france and brazil. it's got a staff office and

board room for those late-night ipo meetings. the home can hold a lot of horse power with a garage for 15 cars and stables for up to ten horses. there are two pool houses, a tennis court, guest cottage a helicopter pad, and a vast wine cellular. the best part, a perfect view of the city lights of san francisco. yours for just under $13 million. in other words, just one ipo away. >> very nice. okay. here is a new acronym for you. yummy. that stands for young urban and male and a new report says these guys will be the game changers for the luxury market. put your tongue back in your mouth from salivating over that home but please explain the yummy to us. >> core of the luxury market has always been women but now it's the guy's turn to go lux. it's young, urban males. a new report from hsbc called

the rise of the yummy says these men are reshaping the $1 trillion luxury industry and only the companies that are yummy friendly will thrive. men account for 40% of luxury sales, but that will grow as young affluent men, they marry later, spend mosh, and they care more about how they look. watches, grooming products, wrinkle-proof suits, and gadgets. companies with men only shops, they will attract the most yummies and more of these stores have a lounge bar which they need after buying an $800 debt. they're sensitive to the economy so during down turns they stop spending. this is a big change for luxury. >> indeed, it is. by the way, guys, we have a trio of cnbc reporters who meet that yummy criteria. take a look at this. jon fortt, josh lipton, and dom chu. wait, josh lipton, i thought we

were going to have a glamour shot. he sent one over this morning. clearly they used the cnbc head shot instead. >> i am not yummy and i am darn happy about that. >> what would you be if you weren't a yummy. >> sum said i was a retrosexual because i grow a beard and cut firewood on the weekend. >> vf a good weekend everybody. >> "the closing bell" is next. >> and welcome to "the closing bell." i'm kelly evans here at the new york stock exchange, bill, and what a ride it's been already as we enter the final hour. >> crazy day. i said this is wall street's version of march madness. i'm bill griffeth at cnbc global headquarters. it seems like ancient history but the s&p early on today was on track to close at a record high. but shocks have turned lower. you had dallas fed president richard fisher apparently he has a calendar, and he figured out that at