thank you so much. will, good luck to you. >> thanks. >> and power lunch begins right now. have a great day. >> halftime is over. power lunch and the second half of the trading day starts right now. >> michelle gentlemen, thank you very much, along with mandy, i'm tyler mathis, dow down for the worse, down by three quarters a percent at 17947 moving below 18,000. nasdaq is flat. s&p 500 two-thirds a percent lower at 2086 and russell at 1250 on the button down .09, mandy. >> that's right. playing the euro dollar trade, treasuries, and the fed as well. >> investing without fear of the fed and the dollar. you can't stand volatility you don't have to stay out of the

kitchen. we'll show you how. >> okay. let's get to it. we begin with what could be ground breaking development in the war against alzheimer's, the biggest news event in biotech this year and bet your bottom dollar investors and us watch closely. biogen releasing full data tomorrow on the drug. shares are rising, and in fact high today at 1.8% as we speak. what is at stake here? >> hey, mandy, a lot. start with the size of the problem, more than 5 million americans currently have al timer's disease, and that could triple by 2050 according to the alzheimer's association. it's now the sixth leading cause of death in the united states. treatment options are limted. the only drugs in the market work on the symptoms rather than slowing the course of the disease. in recent years rs there's been a number of high profile failures of drugs making this a very risky bet. agents data in december were positive. the study was small and named

primarily to evaluate safety. it shows signs of ethics as well, removing plaques in the brain associated with the disease and stemming declines in memory loss and thinking clearly. what we got in december were top line results. we did not have the details. that's what's coming tomorrow. analysts looking to see how strong the drug looks to be as well as clues about safety. they said in december they plan to move into phase three trials skipping results, skipping over clinical studies, giving people hope for strong data tomorrow. a successful drug for alzheimer's could bring in $10 billion in annual revenue. of course, that's setting the stock up for big moves tomorrow. the downside up 20% if the data is a major disappointment upside of 15% if positive. most analysts are optimistic, but it's been a tough area for drug development. tyler, back to you. >> all right, thank you very much merks gg. rallied big yesterday, and oil

back on the slide today. dollar related moves yesterday, and today, maybe, moving the other way, partly for that reason. jackie deangelis tracking oil. >> you're right. the dollar gave us the opportunity to rally yesterday. stronger dollar index over 99 today, a factor pushing crude to 45.09, dipped under the level of 45, but interesting to see how we close today, down around to a buck-50 at this point. traders are talking about the commentary from opec. no change in position here. they are reiterateing no production cut at the june meeting, and that in fact production levels are steady because it's really about market share for the cartel. again, anybody who thought we could see a change in june is certainly taking that off the table at this point. here we go. it's opey kicking the can to us saying it's the u.s. to reduce production to bring prices back up, and, of course we know here companies are cutting cap ex

but these could be rigs depleted as well. there's factors here. we're back to the supply-demand story. you're absolutely right, the dollar is key as well. the traders think we are lower from here. back to you. >> thank you very much for that. talking of going lower, stocks giving back yesterday's fed-fueled rally. the numbers here, dow off by 125 points s&p down by 12 and, in fact, the s&p has not seen back-to-back gains in a month. the dollar rebounding today, recovering almost -- almost all the fed day losses but yield on benchmark 10-year notes below 2% mark at 1.979, dropping below that post bid yesterday. the trading action bob is on the floor of the stock exchange boy, we had a big meal yesterday, but we had nearly 24 hours do digest it bob. stocks are down. how much is due to lower energy shares? >> it's ground hog day, back to where we were exactly two days ago. that's the problem. looking at the same numbers you

put up put up what i'm looking at, s&p trending lower the month of march, euro as you see, dollar stronger against the euro, and crude trending down. this has been every day this month practically with the exception of yesterday. we are going to a new contract on oil, by the way. i believe the may contract starts tomorrow. declining to advancing stocks and volume on the heavier side big volume on energy stocks with a rally yesterday, giving upmost gains yesterday in usual names. every morning i come in southwest, murphy down 2, 3, 4%. that happened today. no bounce off the lows today like recently. steel, dollar is stronger. of course we heard allegations of chinese dumping steel affecting them. they are back down giving up the gains they had yesterday. no pop in interest rates, not a help to banks. kbe, the bank etf. they rose throughout the month of february and rates move to

the upside but you can see we flattened out in march, and we are down today as rates have not been on the upside. in terms of anything moving up not much. there's a small group of some software and service companies. you know the red hats monsters yahoo! twitter into it up fractionally. but, tyler, i can't say trends. traders are focusing more on the feds' comments about moderating dproet growth, and i think that's impacting the markets today. tyler? >> robert, thank you very much. the nasdaq trying for a fourth straight day of gain all be them somewhat modest. bertha, we are just a little bit above break even right now. >> yeah. we are suffering from a midday slump. if you come out, take a look apple in its debut in the dow jones industrial average, not really happening the situation. certainly not helping here. it had been up at the start of the day, but what's kept the

nasdaq out performing, if you will, is the fact the health care names today are on fire a lot are big cap names at all-time highs, talking about the by bioteches, number of others as well. vertex and there's others like cerner at an all-time high also anthem as well slumping off the high from this morning. that's moving things higher and a number of consumer names today in play as we talk about this mobile consumerism. starbucks hitting a high not withstanding the backlash over the race together, but you can order, pay, and get your coffee delivered via your phone on starbucks, and facebook is going to let you send cash via messenger, what does that mean for ebay? that's why they are down today. back to you. >> let's go to dom chu for a market flash. >> yelp down 4% after a trailer

for a documentary film called "billion dollar bully" suggesting the company features negative reviews for businesses who do not pay to advertise on yelp's platform and says some of the business practices are similar to those of the mafia. shares fell sharply at the open hovering near session lows. we reached out to yelp for a comment. we'll get back to you when we hear. small caps getting a boost. russell 2,000 off the all time high hit yesterday, but the next guest says small caps are less exposed to currency volatility and maybe a good bet for the market versus the large cap multinationals. eric marshall, co-manager of the five star small cap fund. great to see you. as i mentioned, the russell k2k, nonetheless, where are you finding value?

>> at the highest point, we don't see the market as being inexpensive here but not overly expensive either. i think we have to look at areas of the market that are either overlooked or somewhat misunderstood. we are finding areas like that are where we are finding good opportunities to find value. >> let's dig deeper into the names here. top of the list is cree down 40% in 12 months. are you not worried about the story here? would you do a little bottom fishing? >> well this is a relatively new name for us that we've been watching for a long time. it's one of the stocks relatively overlooked. they have suffered from overcapacity in the led industry. these are led chips and lighting products, and that stems from a lot of subsidies that came out of china, and now that demand is starting to work through that

capacity, and we don't see those subsidies out there anymore, we think eventually the market becomes rational and cree is very well positioned as a leader in led lighting. >> how long,ering have you own that particular holding in your fund and did you write it down? now, i guess, you are writing it up? it's up a little bit so far this year. >> yeah. this is a new idea. just in the last month or so. >> okay. >> let's move on to the other names. you got trinity industries. over the past 12 months down about 8%. what's the story there? why do you like it? you know it's one of the things where i think it's being quoted as a little bit misunderstood. >> yeah. that's a good way to describe it. trinity is thee leading producer of rail car, and they have been perceived as being heavily tied to crude oil, making tank cars with all the uncertainty surrounding government regulations, those that going to be out in may, the stock has

pulled back because of that uncertainty, and we'd be really good about the business long term, and we like the non-car part of the business which is picking up, sitting with record backlogs backlogs. company guided for $4 to $4.40 in earnings trading less than ten times earnings here. it's misunderstood because of the exposure to the energy industry. >> good explanation. shoe carnival the last pick, up 8%. thank you for joining us. >> thank you. mandy, is the bond market broken? the issue in the 22 trillion global market making traders raise a red flag. looking at that and hunting for stocks to fuel the market higher. dom chu has three names he says are ready to pop. >> here's what the thing is. it's the blend between technical analyst, chart watching and the fundamentalist analyst take put those together, we have 15 names total, bringing you three after the break.

stay right here.

apple trading in the dow 30 for the very first time today. replacing at&t. apple stock gained about 3% in the past week, but is done today about 1% in the last month and .6 just today. collaborating on a swiss smart watch, the watch is expected to

be available this year, and it will use intel and android technology. hp raising 10%, move is in effect in may when the board declares the next payout to shareholders. >> stocks down today, but the fed, again, putting a bottom in the bull markets. which stocks are ready to rally the most in today's market? dom chu has three names set for major pop. >> we blend technical analyst, chart watching with fund mal analyst and target prices. carter worth, the chief market technician put together a universe of stocks with technical charts that look good and we put them alongside on a consensus basis. general motors see it here. what we're looking at if you want to look at the charts this area of $38 per share. we broke above it. it was resistance prior. you can see here and here as

well. we got above it. maybe that sets up for upside ahead. right now, there's a $43 price target on the shares implying a possible 12 % upside from here. if you move on to the next one, another big cap name to talk about. this one is a huge one in data base software and client-relationship management. crm is the ticker. sales force, yeah we found the support here moving back again to the upside. that's a nice move and with crm, talking about a 74 .5 price target, 12 % upside. finishing with a last one, a company we all know apple. goes in the dow today -- >> i heard of it. >> commemorating it. >> goes into the dow. >> see the upside, a bit of consolidation and possible move higher again. analyst have almost 138 price target implying 10% up. that's three to watch. coming up on cnbc -- if you want to see more, cnbc.com/pro and next hour we have a home goods

retail name that could be poised to break out. it's not williams-sonoma or home depot, but a name you know. >> you got my interest there. home goods, tjx. >> good guess. >> it's a tease. next hour. cnbc.com/pro. >> there's always more ty. there's always more. okay tesla's ceo unveiling a big plan to end so-called range anxiety in his electric cars but investor anxiety is another matter. stock down 10% this year. we'll talk to one analyst about where the stock goes from here. plus, crime and punishment, andrea day is always on the case. >> casinos are known for top security, so how did a group of conmen walk out with millions of dollars? coming up here on "power lunch," the latest in the scam that was all caught on camera.

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the scheme began on the other side of the world, and in the end, it cost u.s. banks millions. andrea day here now with a crime and punishment update. >> imagine walking out of casinos with millions in stolen cash. aen brazen con has been sentenced. he was hit with more than seven years behind bars and investigators say one of the bosses behind an elaborate bank fraud. >> banks were robbed of more

than $9 million. >> they used cash access machines meant for high rollers. it was caught on camera. the men opened phoney business checking accounts at banks. once established, they deposited counterfeit checks before the banks closed for the weekend because the banks would make some funds available right away for business accounts. they hit up casinos to withdrawal the cash using a special high roller machine. >> the casinos actually unwittingly were facileitateing activity because that transaction, that's what the casinos rely on. >> he's ordered to pay $3 million in restitution. back to you. >> great stuff, andrea day. a dramatic move in the dollar in the last 24 hours, and currency plunging 3% and after the fed statement yesterday, but it's rebounding today and the dxy is up by .7%. we are tracking the action from

the nyse. do people feel the path of least resistance is up from here? >> absolutely. it has been an epic 24 hours in the world of currencies. a round trip for the dollar. first plunging after the fed meeting, and then recovering. they are making it clear they are in no hurry to rise interest rates with the dollar's first climb hurting exports and inflation rates. as said yesterday, the federal reserve finally entered the currency war. the question from here is can the fed really talk down the dollar, and the answer, according to most strategists today, is no and they expect the dollar throughout the year and into next year but the fed can slow down the climb, and after all, the u.s. economy is stronger than the rest of the world, and especially as the u.s. shakes off the frigid weather, the port dispute, and eventually the federal reserve will lead to higher interest rates. that's why the view today is get

used to a stronger dollar and if you want to bet on a bullish dollar, buy etf, uup like a stock that invests in dollar futures, one of the most popular and most liquid but even if the dollar keeps moving up here, it probably won't be a stunning move that we have seen almost 30% against the euro just over the last year because the fed is now engaged. >> that's important, mentioning it specifically. thank you very much. let's flip over to what precious metals are up. gold closing now. we're up by 1.5% there. we hit a two week high earlier. moving out to jackie at the imex to see what's happening with gold. >> good afternoon. it's interesting sarah talked about the rise in the dollar and metals are are bucking the trend, up across the board today, and we are seeing a big move for gold today, $16 over the crucial 11.50 level, and

traders tell me it's the concern that the fed tightening timeline are not what people were expecting pushing gold higher today. still, even though we have a little bit bump up gold has not been a great trade for the year. the last 12 months it's done 13%, and traders are not really in love with the trade in saying it's probably more short covering right now than new buyers in the trade. back to you. >> thank you very much for that jackie. dom chu, what's on the plate for market flash? >> the metals theme, base metal, gold in some way. watching shares stock falling 4% after protesting workers brought production to a halt for a fourth day in a copper mine in indonesia. this is one of the largest producers in the world of copper. the block mining indonesia is one of the largest in the world by production, so, tyler, freeport is one to watch today. back to you. >> thank you. rick santelli tracking the action. hi, rick. >> call it a mean reversion day

or keep it simple the rubber band stretches back and that indeed is the case today. let's look at two-day charts two-day of five year you see about half back in terms of its big drop in yields and it is up eight basis points today. the other end of the curve, 30 years, there's less than half back, and they are up about 3 points. look at what's going on in bunds, they fell in yield and stuck down in the under 20 basis point yield, and keep with the european theme, two day of euro versus dollar pretty much gave it all back. look at the hyg, barometer of credit risk yes, giving it back as well. like yesterday, well it's like it never happened. back to you. >> rick thank you very much. tesla's ceo elan musk ening range anxiety in the electric calls, but investor anxiety is another matter. the stock down 10% on the year. we have a bull on the stock.

wait until you hear the price target. plus, is this the end of uber in new jersey? we are live in an uber protest in trenton. >> reporter: that's right. battle lines drawn today over a bill that could potentially regulate uber in the state of new jersey. what was the fight about? plus the hour house is coming up next on "power lunch." >> it's home to four fortune 500 companies, founded in the year 1750, and it is ranked the 20th largest city in the u.s. can you name that city?

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hello, everyone. i'm sue herera. here's your update this hour. benjamin netanyahu saying today he's still committed to palestinian statehood, but only if circumstances improve. earlier today, palestinian authority president abbas did not think a two-state solution is possible anymore following the outcome of the israeli elections. a mass prosecutor saying the boston marathon bomber faces a murder charge in connection with the death of an meit officer. the officer was killed several days after the 2013 bombing as the suspects tried to escape. firefighters investigating

an underground explosion today in indianapolis sending manhole covers rocketing into the air. this follows a similar blast in the area monday night traced to an underground electrical fault. jerry brown and other lawyer lawmakers ready to announce drought legislation. unveiling a plan expected to cost $1 billion. and that is your cnbc news update this hour. let's get back to power lunch. >> thank you so much sue. let's get a market check, up to date the nasdaq is positive dow down by 86 points off the lows of the day, but, still, it's not seen consecutive gains since february 24 and 25th. the s&p down by .04%. what's going on on the floor of the new york stock exchange bertha has movers at the nasdaq. box, what are you watching? >> the s&p 500, bear in mind we

are not far from the historic high, the old high back on march 2. the closing high. that's 25 points away. as for the overall markets, i keep calling it ground hog day because the same thing seen throughout march, energy stocks and materials, the commodity complex, the sectors, crushed again due to the strong dollar weak oil, and financials weak because of the low rates and industrials squeak on growth concerns overall. where are we in the tightening sickle? that's why we can't agree. we asked our friends, assume six months away from the fed tightening, what happens in the period? three times we go this 99, 9 had 4 in 2004 and the s&p was up in the six month period every single time and the average gain was respectable, 7.65%. not surprisingly tech the main gainer. there were a number of gainers, but tech up 13%. what happens after that, and you go into a tightening cycle? the s&p, the three times it happened, the s&p was down every

time going into it three months after the tightening started. not surprising financials are the bigger decline because of the interest rates moving up. that made some sense, surprised to see healthcare saw some note m declines as well. sometimes things do not work out the same but by and large, this is the kind of pattern we expect to see. the question is is it six months from now, the fed tightsens? we don't know. that's roughly the september period that's why i chose that way of looking at things. >> i like the way you put it. we don't know. they have not told us, right? why would they for that matter? thank you very much bob. bertha at the nasdaq out of the three, only one above water today. >> not just that but getting back to the 5,000 level we briefly crossed yesterday in the furry of that rally following the fed decision. today, though you have seen a number of names, sell the news apple today, joining the dow, it's lower, and look at tesla,

notwithstanding the much touted announcement of tesla about range anxiety up earlier this week today cannot get big. we'll talk about that coming up. but chips today are know actually getting stronger on the day, and a number of them that are components and a lot like nspi al-time highs today, as well as bioteches. that's interesting. despite the data, they are defieing expectations and rising higher at all time highs today, and, mandy, if you had bought them 20 months ago when janet yelp said they were overvalued, you are up over 50%. >> wow. i'll take that. thank you very much. as we can see, stocks are mixed, the day after the fed removed patience from a statement. how do you invest in the choppy market? joining me now is our u.s. investment strategist and jim, chief investment officer at pnc

asset management. christina, you first of all. feels like the market is bipolar. happen one day, sad the next like ground hog day, right? what do you think is going to be the most important driver going on from here? is it passing the fed? is it something like oil? is it the strong dollar? which is the dominant theme? >> the fed. what we think is happening today is the market is rethinking reaction to yesterday's announcement. obviously, very positive reaction yesterday, not so much today because there's more reading into this. they removed the patience language, and so what we have open to us is the possibility of a june rate hike. don't discount that. >> they removed patience but at the same time lowering the inflation projections, lowering growth projections. don't you think they inferred the need through the main patient? >> what they gave the sense of was that the path of rate hikes is going to be very different and much lower, but it does not necessarily mean they are going to change the start, the liftoff

date. >> would you agree, jim? are you reading, you know, as christina was saying feels like the market is reading the statement differently today than yesterday. what do you think is the correct reading? >> there's no doubt, probably more balanced approach is the right way to go. there's no doubt they had a decidingly more dovish tone certainly in lowering growth expectations and that path of interest rates, but we think the july is still our base case and it's likely for june for increase as it is in september, and i think as the fed said, they are going to look at the data so if we have stronger rebound off the soft patch seen in the first couple months here a better march and april in data, we'll bring june back into the picture again. >> but, okay but here's a question for you, jim. whether it's july whether it's june, september, for a longer term investment does it matter what the liftoff month is? >> oh yeah. we've been saying that for a while, mandy.

not really. increase in rates is coming. good news against that backdrop is the u.s. economy continues to improve. solid labor data. improving economic data the consumer is certainly benefitting from low energy prices and so the backdrop there is positive, and rate increase, whether it's june or september against that backdrop is a positive and not something really to wring your hands about. >> what are the implications here? even the rate hike be honest, off low levels easy global monetary backdrop. which asset class does it benefit? >> rates lower for longer focus on higher yielding asset classes, find income. short term high yield option makes sense in the environment. we also want to be concerned about the implications of tightening in the united states, which is a stronger dollar. >> right. >> so we need to be aware of that, and with what the ecb is doing, we probably want some

exposure to european equities we want to hedge that, as well as other equities with less exposure to earnings outside the u.s. in particular excited about technology now for a lot of reasons. dividend growth there, so it really checks the income box, but in addition to that we're not seeing downward revisions there now, and, in fact upward revisions for the year. >> great, thank you so much christina, jim, great to hear your thoughts. go to powerlunch.cnbc.com now to see plays on the strong dollar and the slide in energy prices. again, powerlunch.cnbc.com in case you didn't get the it first time. ty? shares of tesla down today, up a little bit this week. in a conference call earlier this afternoon tesla's ceo e lan musk announced software updates and expects an auto steering feature in the models in three months. let's listen to what he said. >> caller: our main test route

we're evaluateing is the san francisco to seattle route, and we're now almost able to travel all the way from san francisco to seattle without the driver touching any controls at all. so that's pretty exciting. >> that is exciting a tesla analyst at northland capital markets, colin, welcome, great to have you with us. >> thank you. >> your price target on the stock is aggressive, $298. the stock is a hundred dollars lower than that. when do you expect it to get there and how? >> you know nice to see these software updates where they are flushing out the paradigm of electric vehicles, and they are essential changes they need to make to really enable mass adoption of the technology. as we look out, the valuation we're looking at right now discounted out to 2020, and they need to execute on the model three widely available car to be executed in a lot of adoption of that car, plus the gig factory

driving the costs out of the manufacturing model, and those are two things we're looking at with valuation on the stock, which is at stake for investors now and why we don't have reaction to the stock on the news today. >> by 2020 we get to the $298. >> that's actually not correct. we're looking at a discounted motd model in the 2020, it's a 12 month price target. >> discounted out to 2020. thanks for correcting me on that. >> right. >> is the factory likely to be a revenue driver for the company or just something they use to build batteries for the vehicles? >> undoubtedly it's a revenue driver for the company. not only is it caking costs out of the supply chain, but they take batteries and put them in stationary storage applications. we increased price target based on lower risk of the factory because the batteries can get adopted being attached to the grid and not just mobile vehicles. >> quickly, he said he would

take rang anxiety out of the equation. what i understand it's really -- i don't know whether he's done that, but what he did announce there was a warning system to tell you when you need to charge the car. is that what he's talking about? >> yeah he is talking about, you know alerting drivers to when they are going to run out of fuel. i don't think it's a big deal to be honest. most folks that own the car are aware how they operate and what the field profile looks like and how to operate properly. it's nice to have, but not a need to have. >> thank you very much, appreciate the time. mandy? >> thank you. a hearing underway in new jersey that could drive uber out of the state. kate rogers is live in trenton with more. kate, what's the latest? >> reporter: hi, mandy. that's right. well legislators are considering a bill right now to regulate uber in the state of new jersey requiring a few things. number one, they would require state mandated driver background checks. special certifications for licenses and vehicle checks and more comprehensive insurance coverage for the drivers.

uber said if this passes they will leave the state of new jersey, and we caught up with uber drivers who are perfectly happy working for the company, making money, and feel they are regulated just fine but taxi drivers are in support of the bill saying a lack of regulation of uber in the state makes it an uneven playing field for the groups. >> there's there's a lot of people here with families to feed, and uber they just take the jobs like this. >> we've been driving in newark long time. to get our license, we have to go through classes. we'll have to go through fingerprints fingerprints. our office, our departments, they know who are us, we are residents in new jersey. we pay taxes, and we know where we live and we know where we work and there is any problem with any passenger, they call us, and we know how to get us. >> well new jersey of course not the only state where uber

butts heads with the regulatory establishment. there's nights underway in california and minnesota. of course, yesterday, uber's paris offices were raided. certainly forms of uber were banned in germany yesterday. back over to you. >> kate thank you very much. kate rogers in trenton. we brought you three stocks poised to pop in this hour of power, and in the second hour we got three more. plus -- this city in today's power house is nicknamed the queen city. home to the nascar hall of fame museum and two u.s. presidents were born here. can you name that city? hey, girl. is it crazy that your soccer trophy is talking to you right now? it kinda is. it's as crazy as you not rolling over your old 401k. cue the horns... just harness the confidence

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average over the past three months. remember, they are starting the payment feature, tyler, in getting positive analyst comments. >> dom, thank you. time for the power house, our weekly hot real estate market in the 20 biggest, and today, we go to the birthplace of two presidents. james k. polk and andrew jackson. talking about charlotte, north carolina, a beautiful city. with us bonny of wilkenson real estate. welcome. market stats, the median sale price in the town is about $177,000. inventory of 7,000 properties right now, and they are on the market for an average of 111 days. our first listing, 1140 lanewood drive, asking $425,000 four bed, three baths, 3200 square feet and just over this is the part every week where i'm ill, over $3,000 in property taxes a yearment tell us about this one.

it's a pretty house. >> this is a gorgeous house with a fantastic lot. flat lot, half an acre. when you walk into the house, you have gleaming hardwood floors, and as you enter sba the kitchen, it's open to the family room with a stone fireplace. looking out the back it's fenced in. you have wooded trees behind it. it has an office. it has four bedrooms upstairs. and it is just a great place to live. >> oh look at that. >> it's also across the subdivision from the street of fantastic schools in the area. >> that is really nice. looks like a three car garage and office upstairs as well. boy, i want to move in there. let's go to the second listing. if i can still root for uva, and i don't have to cheer for a tobacco road school but this is our burn avenue 599,000, and

the estimated taxes are a modest $1700. i wonder why, maybe you can explain that four beds, three baths, and compact, though at 2560. why is it higher and lower in taxes? >> well, actually the taxes would be a little higher than that. that's the taxes that were paid on it last year. this was a ter down and rebuild. >> oh, i see. >> completely. >> you expect them to go up. >> yes. what we call the ultimate in urban living, a the sedgefield area less than two miles to center city. you have the light rail and you'll have a 21 million dollar retail facility within the neighborhood, so if you want to take your car, put it in the garage walk to everything take the light rail into work, if you work in uptown charlotte, this 1 the house to have with all hardwood floors on bottom and the second floor.

it has beautiful italian marble floors tile -- i mean,nyway has italian marble tile. >> we like it. let's move on, if we don't mind quickly to 83 lake drive, our power house of the week 950,000, taxes 6700 and four beds, two baths, full two halves, and 5200 square feet. that's a big one. >> yes, it is. it is right over the city of charlotte line into union county, and it is a gated community, absolutely beautiful. it's on pew lent in all design. enter the home and it has beautiful living room dining room area and living room and family room and gorgeous chef kitchen in this home. >> look at that. >> it has -- did you see the fireplace there on the covered porch?

upstairs there's a four bedroom and two half baths, but it has a rec room and bonus room upstairs. >> all right. >> there's a wooded backyard and another flat lot that is -- it's great. >> looks great. >> great schools. >> thank you very much for taking us around charlotte today. appreciate it. >> you're welcome. >> all right, over to you. >> thanks. celebrity power house for you, hollywood hills west estate owned by tom cruise listed by keller williams in beverly hills for nearly $13 million. this property includes three bedrooms all with on-suite bathrooms, of course detached guest house and four more bedrooms and bathrooms, heated lagoon pool compete with spa and waterfall, and of course of course, a wine cellar and tasting room as well. well, the one area of the oil patch that's not only bucking the sector slump, but out performing the broader market, we'll tell you what it is and shares of home depot on a steady

climb, up more than 10% year to date coming up on "closing bell," the home depot's ceo sitting down with kelly evans, and also kelly is stopping by with a preview in the second hour of "power", back in two minutes, do not change the channel. the road. it can bring out the worst in people. but the m-class scans for danger... ...corrects for lane drifting... ...and if necessary, it will even brake all by itself. it is a luxury suv engineered to get you there and back safely. for tomorrow is another fight. the 2015 m-class. see your authorized dealer for exceptional offers through mercedes-benz financial services.

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welcome back shares of wynn resorts up 5% today, and capital analysts initiating coverage of the resort and others with buy ratings. shares oversold on concerns of operation, and the company will see growth starting construction on a new resort in the boston area, and the shares win 5%. >> good pop there, thank you very much. well, here are this hour's power points. the energy sector worst performer today, laggard, southwest energy danbury resources, and chez peek. we learned freeport in indonesia copper mine is brought to a hot because of protests for a fourth day, the stock down 5% and finally, we learned tesla's new software features emergency brakes, low battery alerts and side collision warnings. if you missed any of the big stories in the past hour you can go visit our site at

powerlunch.cnbc.com. as oil plunged, energy sector lost 18%, but there is one area of the oil patch not just bucking the slump, but outperforming the broader market as well and who better than morgan brennan with the story. >> hi tyler. this chart is an energy stock -- oh, well it's not up. >> it was. describe it. >> there's a group within the sector that's bucking the trend as you mentioned, telling you all about it and why the companies have been up double digit percentages since the start of the year. >> all right. ♪ approaching medicare eligibility? you may think you can put off checking out your

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i'm brian sullivan and at the top of the hour so much for the yell and pop, making a u-turn. plus, is oil going to surge by the end of the year? working to find you opportunities, we have dug out three oil stocks where some of the biggest moves down are they buys or should you ditch them, and joins us at the nasdaq but back to tyler and morgan. >> thank you, west texas dropping 3% look at oil over

the past six months crude down 50%, and brent down 40%. >> and oil plunges, the energy sector share 18 % of the value over the past six months so there is one area of the oil patch that's not only bucking the sector slump, but outperforming the broader market. morgan bren nan is drilling down on it, if you'll excuse the pun. what are we talking about? >> it's an appropriate pun. before we get to it i'll stand corrected and say we showed you a mystery chart coming into the break before and that chart was tosero up 25%. this goes to the group we're talking about, refiners. no surprise. in general, this refining sub sector is on a tear up 13% since the start of 2015 and that is versus the broader energy sector which has lost 5%. why are we seeing this? well, cheaper crude means lower costs for refiners. better than that, when the price

spread between west texas intermediate wydens you see it there, with brent at $9 more right now, that pushes u.s. refiners to use less expensive oil and sell petroleum to prices tied to brent at the international benchmark. refiners' best position to benefit this year will be those that have operations in the middle of the country where they get the bigger crude price discounts, but also higher prices on the products they sell versus the gulf coast. >> marion petroleum? >> it fits the bill. up 10 11% so far this year but analysts consensus according to facts that the stock shows it could increase 15% over the coming months. two others analysts like? well, valero up 22%, a whopping 22 % this year but it could rise another 13%. another one, phillips 66. this could increase another 16% over the coming months as well and, guys, if you just don't

look at independent refiners look at the oil majors exxon mobile with an upgrade because it's downstream earnings basically, its refining operations. >> thank you so much morgan. >> thank you all, for watching that's the first hour of "power." >> brian, over to you. >> thank you very much. okay, it is 2:00 on wall street. noon in spokane, and the dow down 120 points, dollar index is up, and this is the second hour of "power lunch," and we are going to stick with oil. you just heard morgan talking refiners and melissa lee, crude oil giving back what it gained on what we call the fed freakout from yesterday. >> well, you know the u.s. dollar, brian, it was not potent because the dollar index bounced back nicely today in part contributing to the pressure on crude, but, of course we got record high inventories, so yes, another data point to show that production cuts are not enough. there could be more pain ahead for the guys. >> yeah by the way, speaking of

reminers, the excellent piece there, i don't know if you talked about it on fast money, dk i think they own one refinery, the best performing refining stock year to date up about 39%. >> take a look at a lot of them, brian, wnr, west refinery 52-week highs, they are zand standouts through this year in the oil sector. >> yes, only index or industry where you say crack spread and mean it with a straight face. >> right seriously. >> it's not bad. it's a real term. thank you. lawmakers debate a 40--year-old ban on u.s. exports now. let's go down to washington, d.c. to check in. >> brian i don't know how to follow that, but melissa talked about crude inventory records we're seeing. here's a stat put out by the u.s. government today that blew my mind this morning. u.s. commercial crude inventory's at the end of february provided the most days of supplies since the mid-1980s according to the energy

administration, part of the u.s. government. that, guys is an oil glut and that's part of the reason why the oil industry was here on capitol hill today pushing an end on ban on u.s. oil exports that's been in place since the oil shock of the 197 o s. cono conoco's ceo made the case. take a listen. >> exports would expand all supplies driving gasoline prices down, and the savings are at least 7 to 12 cents per gallon. with exports, u.s. refiners still have all the light all they need. they will still have an advantage over our competitors elsewhere due to shipping costs. >> the critics say nonetheless if the united states ended its ban on oil exports, part of the unintended consequence would be higher prices here in the united states, and also it could shift vis-a-vis, saudi arabia a poke in the eye to them something the united states might not want

to do in the short term, guys a big debate on capitol hill. no chance politically this is going to change any time soon, but the fact they are discussing it tells you where we are in terms of the oil glut. >> all right, thank you very much. powerful debate. hearing from spokes in spokane, it's 11 not noon i screwed that up. thank you very much. >> you bet. >> check out the names in oil, oil-related stocks in the s&p 500, of them all these three fell the most from the 52-week high. transocean, 6 7% off the high within the past 12 months and ensco plc, down 61%, and denbury resources down 57% from the 52 week high. are they shorting the stock? real opportunities here? or because they are, quote, cheaper, does that make them a bargain? let's bring in matt with tortoise capital advisers the firm deals solely with energy. where do you see value? when i look at a name down 60% over 12 months i think, eventually it's going to go back, or there's a reason and it does not deserve anybody's

money right now. >> well we see some good opportunities in energy right now, and, you know frankly, i think the price is unsustainably low for crude oil, and so you know, we are advising investors to make long term investment decisions and over the long term say you have a year-plus time horizon, we think it is a good time to buy energy stocks. i would not necessarily recommend some of those you mentioned there, but we do have a lot that we like in the energy space. >> that's the key because if you're thinking about buying oil related stocks, correct, matt, you have to know what balance sheets weather the storm. we had bund pickings saying oil 7 70 by the end of the year, who am i to argue? what if it does not? what if it's 4 bucks for four years, what do you think have balance sheets to weather it? there's more quick silver resources that file for bankruptcy if, indeed this happens. >> yeah, you know we have a high quality investment approach. you think about this securities

that we're focused on we're looking for the pipeline investments in the mlp space. there's a lot of winners, and in this sector you think about a company like midstream partners. they have the large education refining network product in the country. they are benefitting from lower field prices driving increase and demand, a solid balance sheet, dividend coverage growing 15% this year. high quality company we see good long term total returns in. >> matt you like some of the refiners, valero phillips 66 among them. what spread are the stocks pricing in now, where does the spread remain? >> watch them closely. for an investor willing to deal with commodity price volatility we like refiners specifically phillips and valero. they are not pricing in current spreads. we see upside in the stocks again, benefits from lower crude

prices and higher demand that i mentioned, and the gasoline prices are being set off brent crude, and so to the extent that our, you know wti or domestic prices stay discounted relative to global prices that's the advantage for the guys but it's more than just the crack spread talking about these refining stocks. nay are also investing a lot in their pipeline infrastructure, and taking that pipeline infrastructure putting in the limited partnerships they formed, and we see a big value pick up from that over the long term so interesting short term play in a low crude price environment, but also have good longer term outlooks tied to the change in highlights value in the companies. >> matt a pleasure great discussion. we appreciate it, thank you. >> thank you. >> all right meantime shares of tesla dropping the company anoujsed a new software update for the cars. phil lebeau the stock is down 1.5%. phil? >> the software update 1 one where people looked and said that's it? it's not the most important news

in the world. it was billed as an update to end range anxiety. here's essentially what tesla pushes out to the model s vehicles over the next ten days once the update is pushed think. range assurance meaning you will be assured that you are going to have enough juice to make it to the next charging station, the vehicle will monitor it tell you about it trip planner, making sure you can go to test nations and always have a place to charge up and, finally, safety feeshs including blind spot monitoring, collision avoidance avoidance, that's being pushed off in the latest software update. the stock is under pressure because leading into today, people thought, well listen if they do something that could dramatically alter the range of the model s, it's a game changer, but the features, even have been implemented in other vehicles like the leaf. people looked and said oh what's the big news here? oh the news came during the conference call from elon musk. he teased out the next software

update in three months will include an auto steering feature allowing you to drive auto pilot on the highway, no hands on the steering wheel, don't worry about controlling, acceleration and braking. they are already testing this between san francisco and seattle. here's elon musk in the conference call talking about the feature that's coming in three months. >> so there's an expectation when auto pilot in the model s enabled when you are paying attention, that it should take care of you if you have moments of distraction. >> how are you doing to be certain that folks are paying attention? >> well you can't be 100% certain. in fact, i would say, right now in cars that do not have auto pilot, i'm certain there times when people do not pay attention. >> guys set the clock now, melissa, because in three month, they roll out the feature, a lot of people are going to say, what are the regulators going to say, and, also, oh this is pretty interesting. we are now entering the true age of auto pilot driving and

autonomous driving. >> i would imagine regulators and legislators on capitol hill phil, are looking at this closely right now. phil, thank you. >> you bet. let's bring in drew long time tesla shareholder, and cnbc cricketer and founder of kkm financial. jeff is bearish on tesla in the short term. jeff, starting with you, i know the stock is range bound, but phil outlined a magical auto steering feature to happen in three months there's the factory, rollout of the model x, catalysts lined up throughout the yearment what's the bear here? >> well, i think the bear case here, me liz is is short term the price is december located from the naz dak 100. look at the qqq, looking at for leadership, up 5% year to date. tesla is down 11% year to date. this price discovery mode it's in, today was a big event of range anxiety, but we still have anxiety anxiety. the test at 52 week low at 177 is where it goes but long term

elon musk is human, spot on, innovate innovator, the market will move higher buy it lower. >> you are sort of bearish, but a bull long term. >> you bought the ipo, cost base is different looking at this through a different spectrum but here we have this major announcement, and the stock is 5% on the week and it's giving back gains basically telling us you know maybe this is not such a big thing. we are seeing currency as bigger factor on the conference call. they said fx is a big factor fell euro dollar weakened don't we have head winds in the short term for the stock? >> i do think we have head winds, and i think that is why jeff's point is a good one. the stock has underperformed some of the other stocks. it is got oil going against it. currency is going against it. we got a little lull in the news flow. today was really not a big event. we've been training ourselves to get real excited every time elon

says something. i think the bigger picture here and the really big news as phil just said, is that magic word -- that couple words, three months. every three months this car company is evolving its product. that's the big news. that's what makes tesla different from the rest of the auto industry. today, it has about 2 % of the equity value of the 1.2 trillion dollar automotive industry. that, i think, is undervalued. >> but in a world, drew where oil prices remain at $40, $45, call it that, can tesla reclaim its highs? say, for argument's sake that crude remains where it is for the next 12 months. >> i think it can. that's a tough -- that's a difficult proposition you've begin me because the electric battery is the biggest part of

the tesla equation. we just got done with a news conference that really did not have anything to do with the battery. i suppose navigating the battery, but driverless cars safety features all kinds of intelligence. the bottom line is that the auto motive industry has entered the digital age in tesla, and it's far and away the leader. >> drew if i can jump in buddy -- >> last word jeff we are running out of time what's the entry level, jeff? >> 180, but my third grade son has a crush on his daughter so now it's below the 50 day moving average of two and three dollars, a great opportunity to buy at 177. >> got it guys thank you. >> good discussion there. meantime, here's the menu for the remainder of the hour trouble in bond land. why some investers are getting jittery over liquidity. plus, a big battleground in biotech, what it is and who wins

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pimco pulling back -- i can't see you, but i hear you -- pulling back expectations for u.s. growth forecasting a rate of 2.5 to 3 this year.

here's richard managing director e richard, why the move? what do you see out there that worries you a bit? >> well you know there's a modest pickup in u.s. growth and two and three quarters percent, and we see modest pickup in growth in europe. downgrading our outlook for china and some of the key emerging markets. the global economy as a whole, roughly 2.8 to 3% growth in that range. >> solve the problem, we heard from the federal reserve yesterday, they, obviously, backed off their progressive projections, dovish and i'm not going to toot the horn but for a couple months, i've been taking heat for it the u.s. economy could suffer from lower oil prices. that's not just all good news because of lower gas prices. how do you at pimco view the lower oil price scenario in the frame of reference vis-a-vis the overall economy? >> there's a couple factors, one, lower oil prices are a net positive for the u.s., more

winners than losers. the real head wind for the u.s. economy potentially is stronger dollar. exports are soft. chair yellen referred to it both in the press conference and in the statement, so to the extent there's a head wooind to the u.s. this year it's more from the export side than from lower oil prices which are a net positive. >> why do you think the dollar is a net negative? we're a net importer buy and manufacture more stuff overseas than we send. if i make appliances or apparel, i'm now getting a discount on the stuff i make. >> well absolutely although it takes some time for those exchange rates to pass through to consumers, but what we are seeing is a slow down in exports. it's clear in the data the fed referred to it and, ncht, the fed's own models indicate a sustained rise in the dollar we've had slows growth by half a percent or more over the next couple years. >> so strong dollar, maybe not strong economy? i thought they went together, richard. >> well, again, it depends on the source of that.

again, our view in the u.s. is relatively optimistic. the u.s. will grow above trend this year, and the u.s. is one of the bright spots in the global economy with europe and japan growing much more slowly. u.s. will probably grow faster this year than brazil for example, the u.s. is a star student, but the global economy is going through, you know, going through a period here especially with some of the slow downs in the emerging economies. >> we called it hope for four years on the program. appreciate it, buddy. well, this chart of the 10 year treasury yield says a lot. nose diving after the fed signalled a cautious outlook for growth, the ten year yielding just below 2 % at 1.9, calling it 7, and there's big concerns brewing there in bond land about liquidity, and michelle caruso-cabrera is here with the jitters on liquidy. >> people have a hard time

trading bhonds youtrade ing bonds. specifically the corporate bond market. there are also concerns about the treasury market in the united states and government bonds as well. here's how one described the liquidity problem today on "squawk box." >> the market really does not have liquidity. if you really go out to sell bonds today, there's no bids in the market. they are saying what if there is a dramatic sell off in the markets. >> you really -- >> the problem is particularly acute for corporate bonds because new regulations made it much more expensive for investment banks to act as market makers. the intermediaries who buy and sell bonds hold more capital, and then the rule leads back to inventories, the bonds kept in waiting until the customer called to buy one. here's the chart. it's gone down. the institute for international finance, center of financial stability barclays citi numerous managers express deep

concerns about not getting trades done. ceo of deutsche bank on last month saying lack of liquidity is a major market concern. this problem is also a problem for government debt but for another reason. central banks around the world, particularly europe, gobbling the stuff up to try to stimulate their economies. the u.s. just stopped doing that, but the ecb just started, buying government and corporate debt. why should you care? when you don't have liquidity, the very action you take of buying or selling something can move the price of what you buy or sell leading to huge price swings. particular worry etfs that hold bonds. the underlying bonds move sharply leads to major moves in the values of the etfs that retail investors did not expect when they thought they bought something stock-like. brian, melissa, could be painful. >> we'll talk about it. thank you, thoroughly reported there. the next guest says it's an issue, but fed be darned he cares less about the fed.

you nod the throughout the piece. why? what opportunities do you see? >> lack of liquidity, it's not a new phenomena for us. it's been declines since the crisis and i think it's well past time we just acknowledge it or complain about it. actually you have to take advantage of it. we're doing it in number of ways. we are increasing city versification, and we are -- >> here's the thing, i understand the point with no liquidity, bigger moves, right? you find a bid somewhere. that said you got other way, right, if there's no bid, maybe it's an undervalued asset if you are the one willing to do it. >> that's right. you want to be a provider of liquidity in the marketplace, make sure that in your fund you have liquidity profile so when everyone else is going to sell the few bonds, quote, liquid -- >> how warren buffet became a

millionaire, buying when others sold. >> getting outflows had the profile available to us we buy bonds other bonds particularly etfs were selling. >> where are you finding opportunity now? >> number one opportunity is diversification. there's nothing -- >> diversified how? geographically, but how? dipping into junk? oil companies are out there with buyers soon. >> well you said it earlier, i listened before, you know tell me where oil's going to be over two and three years, and i say whether it's a good investment or not. i think we're waiting for a better opportunity. you mentioned the fed. i care about the fed to the extent if people panic and stel. that's a great buying opportunity. >> are you worried about em corporate high yield market that's bigger than the u.s. high yield corporate market and for years, investors pumped this up because they are searching for yield so they go into em. you mentioned diversification, are you getting into em high yield corporates?

>> we've been increasing our allocation over the past few years, but it's very very issue and country specific. i think it's true in em and development markets as well. worst thing to do is stretch for that extra yield, to be enticed to take another 2 or 3% to invest in things that do not pay back at the end of the day. that's not a good trade off. we see because investors are afraid of the fed and rising interest rate they trade in risk which really is not that severe and intensity mean reverting for credit risk, if you buy it you don't get the money back at the end of the day, that does not recover. >> we are going to leave it there. great discussion thanks good to see you. >> thank you. listen up all you stock pickers out there, three stocks that may be poised to pop. those names ahead. plus the newest blue chip is in the red today. apple already facing the dreaded curse of the dow? power lunch is back after this quick break.

there's a lot of red on the screen, which means down and green means up, nine out of ten sectors down today inside the s&p 500, and only winner know is health care up .4 of 1%. up next the next big biotech

battleground. we're going to tell you what it is and how to play it. we are watching oil, the final trades of the day about ready to cross, and crude oil pretty much giving back everything it gained on that yellen freakout yesterday. the crude close is coming up. there's a crane above my head.

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hi everyone, i'm sue herara with the your news update. the white house says it is not ruling out a meeting between president obama and israeli prime minister benjamin netanyahu. the two leaders have been at odds. benjamin netanyahu's party retained control of the government following this week's elections. president obama has not yet congratulated him. the white house also saying it has not yet confirmed isis was behind the deadly museum assault in tunisia. an online recording today suggested isis was behind yesterday's attack killing 23 people. unprecedented move the fifa postponed the 2022 world cup in qatar from summer to winter. officials made the decision to protect players from the intense summer heat. a judge approves a $10 million settlement today in the target data breach case.

under the terms, customers affected by the breach could be reimbursed $10,000. you're up to date with your cnbc news update at this hour. back to brian. >> thank you very much. okay. final oil trades crossing for the day. remember when the fed came out yesterday, and oil spiked? well it's not quite giving all of it back, but just about. oil is down 1.5% on the day. we were in the mid to low 42s yesterday, melissa. >> yep. yep. distant memories. moving higher ahead of a widely expected report on the company's experimental althoughzheimer's drug. the hike is in the stock already. there's other players in the space as well? >> that's true. unfortunately, it been marked by disappoint disappointment, so many trying to develop the drugs only to see the drugs not work. some that we saw were from pfizer, and eli lily, still

working in the space. some of the names folks tell me have similar drugs in the pine line include lily which had failed in two other trials trying in another one, and there's also rosch, drugs working in a similar target and others are merck, working on different ways but thinking who could move here on the data and analysts say lilly is potentially the one there because the drug works in a similar way, and it did move sympathetically. >> good news for lilly, and mean bad news for the others? >> not necessarily. we talked about this maybe a rising tide lifts all boats here. it's been tough. if it works, it's good news for everybody. >> interesting to see the stock reaction if it's going to be a sell news event because every single day this week, we've seen biogen hit new highs on the session. >> so much optimism going into the data. everyone thinks they will be so good. they trust the management team.

you have to wonder how they can surpass the expectations. >> all right, 5:35 a.m. tomorrow release? >> yes. i'll be up bright and early. >> listening to you. brian, over to you. >> thank you very much. well just because we love data here on "power lunch" and cnbc, here's the three hottest bio tech stocks this year. exelixis up 94%. intern sent pharma up 81%, and arena up 45%. >> newest member of the dow, shares lower here apple down four tenths a percent, but is a blue chip good for apple? with us is the chief investment officer, and ivan has been an apple bull. curious, an argument prior to apple joining the dow is apple's owned by everyone. incrementally, it's owned by

that many more people. are you concerned there's no incremental buyers left in the stock? >> well, apple is actually under owned by everybody. >> okay. >> i think there's a potential large amount of additional buying power yet to go into apple. >> what do you think is a fly in the ointment of your bull case? seems like a lot of people are looking forward to getting positive data out of earnings and unexpectedly better reception for the iwatch capital return coming apple tv now, and what could be a rally? >> most negative case happens to be its size and law of large numbers. i think everything else is in app 8's favor. >> so you think apple being this big hurts it even though the valuation is low? especially when you take out the cash? >> absolutely, valuation is incredibly low, balance sheet is large, they have over 160 billion dollars of excess cash

about 50 billion a year in excess cash flow to buy back stock to continue paying dividends so there's a significant amount of money returned to shareholders in a significant amount of money that continues to be invested in innovation innovation. >> thank you for the time. >> all right guys thank you. time now for our new daily segment we call trading nation one asset, two points of view because traders trade better together. we are looking over bond yields where they are going after the fed's statement yesterday and moves in the bond market and what it means for your portfolio, larry mcdonald, and erin gibbs with s&p capital iq. larry, do you see yields? ten year is the proxy going lower or higher from here? >> well, remember brian, there's different things that are running yields. one is the u.s. economy. two, the international economy. there's systemic risk around the world. from time to time number three

rears its ugly head. today you have greece yields above 12 % for the first time in two years. that's going to put some buying pressure on treasuries in the short term. >> as you pointed out, larry, in many asset classes in credit there's more stuff outstanding now than there was pre-financial crisis. how big a risk do you believe that poses? >> well our team we're led by a chief economist spot on in terms of the forecast. they said the fed would keep patience in and have a top-down on the dots. that's all true but the amount of -- the amount of debt in the world that's tied to oil is up to 2.5 trillion in emerging market and corporate debt, and as oil goes lower, that creates systemic risk that actually can put all these forecasts at risk.

>> that's rights. we talked about it many times on the program, and i've done it for midland, et cetera, that's why this is different than 2008 for oil. e erin, when yields fall people rush like sheep. is it time to get back into the stocks, or let them go and go on to something else? >> so this time as larry sort of indicated, it's really more about what's happening outside the u.s. and because these are largely pushed -- rates pushed down because we see such low rates in europe particularly because of the ecb quantitative easing program, i see that investors shifting, they are likely to shift more into european equities versus u.s. equities. we have a big dividend play back in 2012-2013 when the fed rates were first lowered in the u.s. this time i see a lot more potential in finding that pattern with high dividend

yielding equities but they are trading at high valuation, and i see less potential for appreciation there. >> good discussion there. we appreciate it. i just -- i have been pointed out by my great production staff, it's the second mistake i made. i earlier misgave the time in washington, and aparentally sheep do not rush they flock. they are never in a hurry. that's what they are saying to me in this thing right now. thank you very much. >> thanks brian. >> for more go to trading nation -- don't rush there, flock to the website right now, tradingnation.cnbc.com. on deck, get the pencils ready, three stocks poised to pop. plus, the two most important words you'll hear all day, wrestling koalas. a video you have to see to believe. get him! get him! trading nation is brought to you by charles schwab trading

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chief technician there, scanning the most technically or chart ready to break out to the upside. we then paired that with the highest analyst estimate potentials begin analyst estimates, in fact and here's the names that came up 15 of them put restoration hardware as one. you see here we broke out around this level and found support right there and moving to the upside right now restoration hardware with an average target price of $103 implying possible 12% upside if you believe the analysts' estimates. another one here as well. let's clear this one. this is oil refiner, tsesoro, they are gapping higher, and refiners benefit when they widen, there's consolidation here but the average target

praise is $152 implying a 17% upside from current levels and then the third one here that we're going to highlight is interesting as well. another large cap name one you don't always talk about, but it's united technologies. you think otis elevators, aircraft engines, you can see here, a nice breakout here, and we found support where we found resistance in the past. that maybe implies up to go. average analysts $132.50 a share. you can see right now it's at 119. it's a possible 10% upside move and here brian, if you want more go to powerlunch.cnbc.com or cnbc.com/pro. all 15 picks online now. >> 15 and a lot of slashes and dashes thrown in a great segue to "street talk," five more opportunities for you. melissa, stock one, aetna, upped from a buy to a neutral, boosted

target to 124, 14% upside, best positioned large cap name within the health plan space. >> specifically a great name and defensive sector with limited european exposure, but it's interesting because the stock is already at all-time highs, and, in fact, today is a fresh 52 week high. stock two, charles schwab, taking down estimates for squab, and the fed funds rate going lower, they see the hit because of the huge money market fund balance. >> your new song? ♪ all about the rates about the rates ♪ >> yeah. >> the interest related upside is a, quote, call option but that was the old fed. stock three, jp morgan begins coverage overweight a at a $5 3 target, the stock is a beast.

where have they been? 97% gain year to date. >> there has been a lot of positive analyst buzz in the last month or so. deutsche bank higher all positive notes here. we note pipeline includes treatments for stress related disorders so there's a lot of drugs coming out in the near future. next up, we talked about this with meg. there's a lot of bullishness in the data release tomorrow on the alzheimer's drug and yet even though every single day the stock hits new highs, credit squeeze comes out to raise the price target to $500 a share from $400 which it already passed implying a 17 % upside from yesterday's close. it is, by the way, a new high today. >> it is. i want to keep something in mind for people owning it the average target of analyst is 427, about $10 below, nine bucks below the current price, just something to watch out for. all the analysts together have a

consensus target lower than why they are right now. all right. our last stock, ticker azpn the soft ware company had a buy at isi, target is 45 about 18% upside. analysts there matt williams loves diversified business mix that most of the contracts are long term. five or six years. >> you know i never heard of this company before. you stumped me. i researched and it's interesting. they had a recent acquisition of a software company that's essentially used in hundreds of oil and gas and chemical companies to model depressurization in processing plants. talk about diversification. >> there you go. >> oil and gas. >> that's the goal of the under the radar name bring out a new name not getting loved out there, and stumps the great melissa lee. all right, street talk down and home depot is on deck. the ceo of home depot is on with kelly in "closing bell," we have

a preview ahead. check on at&t getting the boot from the dow yesterday at apple came in. stock down 1% 33.23. we're back after this.

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check out the nasdaq has it clings on that gain for the day. we are just about 2 1/2 points away once again, from nasdaq 5,000. and we are seeing shares of apple lower on the day, but nasdaq hanging on to that gain. shares of home depot in a steady climb this year up more than 10%. coming up on the "closing bell"," home depot ceo craig menear sets down with our own kelly davis. >> the interview itself won't involve sitting on this tractor here. this is about the craziest thing i've actually done since getting to las vegas. but we've got a great group gathered around, as you can see behind me here about 3,000 suppliers and vendors. this is all part of home depot's annual trade show if you will. this is where they bring everybody in get excited, and get a sense of what are going to be the real products and themes for next year. what's interesting, home automation wasn't even here. now it's a big theme. i've just been seeing some really cool products. and melissa, you would be interested in this as well. battery technology. there's something that links

home depot with apple and tesla and everything else happening in the consumer space right now. >> kelly, is that honestly the craziest thing you've done? you're really letting your hair down! >> what in the world? it's vegas, baby! >> reporter: you get to vegas and things get weird and you sit on a tractor. >> kelly, i was there a couple of years ago, they had a lawn tractor race course set up outside and our producer brad quick, actually beat me because he's a skinny thing and it was all about the weight. are you going to do that though, race the lawn mowers? >> no, i can't say i will although it was a favorite childhood activity. coming up, we'll interview craig menear who became ceo right in the middle of a data breach which revealed a lot about how he'll handle this company through other periods of change. they had a great fourth quarter. some of their best ever ticket and traffic we've ever seen for this company. lately, the housing numbers have looked a little bit softer.

are things in the home improvement space still going strong? and how can home depot continue to increase its share value, guy guys? this is a loved name. they're doing all the right things on the dividend and buyback front and the operation at this point will rely on consumers and that animal spirit. >> she's like i've got that exclusive with the ceo! >> she's 20 times better than i'll ever been and she's like 14 years old. >> and sitting on a tractor. >> i'll have to leave the tractor -- jane wells this stuff a thousand times better than i could ever hope to. >> you can take the virginia out -- >> speaking of which, wayne newton -- speaking of shenandoah, he's coming up on the program as well. >> wow. great segue. again, i want to be your agent. >> see you guys soon thanks a lot. >> not one but two pieces of wrestling video. we'll explain what you're looking at right now. plus -- >> i'm casey jones and i get paid for this.

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well the dow about 30 points off its low right now, down about 113 points. too many for our weekly series where we feature people who have got really cool jobs. today, meet a man who grabs his professional life by the horns, literally. >> i'm casey jones and i get

paid to be a steer wrestler. ♪ >> it's very electric. it's the southbound lane of rodeo. you travel all year long to make the national finals. and right here on this run, this is a little black mare i ride named smoker. had a steer that was pretty good. you want to get a good start and time it to you're leaving when that steer's leaving, and the horsepower is a big part of the deal and she runs hard and i got him caught right there. as i transition off the horse, i want to be able to catch his right harm in my right arm, left horn in my left arm and i use basically his momentum to be able to throw him. i got to win that night and got a shiny new belt buckle and a lot of cash. the best part is people we get to rodeo with. we go all year long and get to be a big family out there helping each other. america is our office and then we get to compete, you know, in

america's oldest original extreme sport. we have ever element versus a cubicle and an office. we have rain dirt dust wind but there's no better feeling in the world. >> jones competes in more than 100 rodeos per year. to find out how much money he has won on the circuit, go to powerlunch.cnbc.com. well the late great comedian mitch hedberg once said his apartment was invested with koalas, but it was the cutest infestation ever. koalas are cute but they're also vicious, blood thirsty monsters adept at grappling. here's proof. two koalas wrestling each other in australia. a guy filmed the whole thing walking his dog. the equal la in the right gets in a leg someplace -- the dog, by the way is a coward watch this. oh run off. melissa, i -- >> is there equal la betting in

australia? do people put bets on this? >> no. >> i want to bet on the right one. >> well, they spun around. the left -- the right is the left first. you see he got in that proper -- he had the leverage and he flipped him. >> i don't know much about wrestling. anyway, brian, tonight on "fast money," day three of the "fast money" madness challenge where traders are debating 16 of the hottest tech stocks over the next three weeks. you can logon to cnbc.com right now for a preview of tonight's debate. speaking of tonight's debate a matchup in the payment space. we're going to talking about paychecks versus ebay particularly interesting since ebay is the one getting the downgrade from piper jaffrey today. we are seeing some pressure on ebay. we'll see if the traders will factor that into their views. and also you viewers out there get a say on twitter. so far in case you haven't been watching, we have had a couple of matchups. in the chip space, we had intel beat out qualcomm and then in big tech we had cisco --

>> wow. >> pushing out microsoft. >> microsoft was the iowa state. they got knocked out early. cisco came in. >> so 5:00 p.m. brian. >> eastern time. i just want to be on the record saying that my pick was facebook, which, by the way, is now going to be in the payment side too, because they released today the plans to have payments over facebook messenger. >> well it will be interesting to see if facebook actually advances to the bracket where it will go against the payments, a payment name and we'll see who wins. >> what time is the show again? >> 5:00 p.m. brian. >> we'll look forward to it. that is in what about -- my time-telling skills have been weak today. >> a couple hours. >> two hours. >> thanks very much. i'll givev a full market data check. we call this the industry billing time. the dow jones industrial average down exactly 1,100 points. crude oil off a buck to 45.58. the dollar index is higher up to 99.29. the market's recovering. big home depot ceo interview. the "closing bell" starts right

now. hello and welcome to a very special edition of the "closing bell." i'm kelly evans, coming to you live from las vegas as they say, bill, today. >> kelly evans in las vegas on the first day of march madness. coincidence? i think not. >> i think not. >> i'm bill griffeth here at the new york stock exchange. we are following stocks. the nasdaq's darned close to 5,000 right now. and let's not forget today is the first day apple is in the dow. we'll talk about that. we've got oil lower, the dollar has come back again. all after these huge fuel moves by the fed meeting yesterday. we will get to all of th