good morning, it is 10:00 a.m. at target headquarters in minneapolis and 11:00 a.m. on wall street and "squawk alley" is live ♪ ♪ good tuesday morning welcome to "squawk alley." carl quintanilla with morgan brennan and jon fortt. the major averages are lower, the dow and s&p had the worst

day in a month monday, getting mixed signals between upbeat economic data. we are joined by you both. good to see you. you have been constructive on the markets, rightly so for the past several months. what's it going to take to get us past 2800, 2815 >> well, i suspect that investors are taking a pause here not just because the fed is taking a pause but mostly because they are worried if we do get hit still with china, there might be a lot of selling, the old adage of selling on the news so i think we're just kind of waiting to see if there's going to be a peace dividend from a likely deal with the chinese, with the global improving, will that be a positive for earnings. we all know there will be an

earnings recession in first and second quarters, those seasons are coming up, and i think investors are waiting to see whether the first quarter earnings season, guidance might be positive or negative. so i think everyone is taking a pause here i think the underlying outlook for the economy is pretty good >> do we all know that there's an earnings season for the first and second quarters? i feel like it has been a mixed consensus. why do you think that, ed? >> well, you know, comparisons are very difficult because we have a huge tax cut at the beginning of last year last year was kind of a rip-off for us bulls the market sells 6%, most of that was the end of the year, after earnings were up 25% i think there's catching up to do here between the fabulous level of earnings last year and that level was permanently raised by tax cuts i think it is largely the

comparisons to a year ago which were very difficult. then beyond that i think we see reemergence of earnings growth and revenue growth >> sales force is one of your top ten holdings over at eton vans e i wonder your take on growth companies like that that had a lot of momentum quite a lot of time, given where we are in the general economy and all of the uncertainty. you keep backing companies like that >> absolutely. i think sales force is an example of an outlier, that's what we're seeking in focus growth strategies. basically when you don't have much growth to go on and everyone is worried about slowing growth globally, sales force and results the company posted again highlights revenue growth in excess of 20%, and i asked how many companies with market capital over 100 billion can double revenues the next

couple years here's a company telling you by 2023 it will be on the way to doubling the revenue base. there are less than 2% of companies growing sales and earnings growth in excess of 15 to 20% again, it is a highlight of micro stories that are brewing loudly and being rewarded by the market because there's not enough growth to come by. >> the dow transports underperformed pretty dramatically, the broader markets over the past three months, certainly have been selling off in recent days as well how closely are you watching this, how closely should investors be watching this in terms of read through for the broad broader markets and the economy? >> i think they're different signals we are watching. we are watching a lot of different signals. i think dow-jones transports is one of those we were watching the activity yesterday as well in the breadth

of the sell off was not broad based which was a good thing year to date what you're seeing is a climb to over 12%, but an average stock has climbed over 14%, so on the individual and equal weighted basis, that leadership continues to be very broad based and equal weighted basis, most indexes are sectors are outperforming the s&p 500. again, i think with all this uncertainty that really is focused on the macro headlines, this is when you need to do your stock analysis, understand the companies you're investing in and perhaps focusing on long term secular trends, trends that will continue to grow high, trajectory of growth will be stronger, irrespective of macro backdrop that's what we're focused on in our focus growth strategies portfolio. >> can i jump in you were talking about transportation, one of my favorite catindicators is the tc

index. it reached an all-time high in january which is extraordinary and then for all of the talk of shortage of truck drivers, that industry is at an all-time high. the trucking industry tells me the economy is doing pretty well >> i wonder if your point is correct that the market has sort of learned to live with an earnings recession, learn to live with a pothole in q1 and then something happens, something goes off the rails in mar-a-lago and we either don't get a deal or call it a push for now, how much liability is built in here? >> i don't think it is going to be a big risk. i think both sides desperately need a deal. the chinese economy is in bad straights, has home grown problems related to aging demographics last thing they need is huge increase on tariffs in everything we buy from them. trump may be more needy of good news this week because as we know, the mueller report may be

coming out this week or next week i think he wants to get this behind him in a positive way i'm not concerned so much about that issue i mean, the market could have an adverse reaction to the mueller report we'll see how that plays out >> cyber security is an industry that you are paying quite a bit of attention to, and seems to me like one of the trickiest areas in tech where claims of innovation don't consistently translate into value for a stock, maybe because hype has already driven stocks up so high by the time they're claiming innovation what's your strategy for making sure you don't get caught in a bad trade in cyber security? >> that's a great point. i think security market as a whole continues to grab a greater proportion of it budgets, and cyber security is one of the line items. there are a lot of different line items, focuses within that

industry everything from identity governance to payment security, cloud security those are growth areas for us it is important to identify a large market opportunity addressable market in excess of 250 billion, and identify companies that are leaders and continue to innovate and address real challenges presented to consumers for dealing with fraud and all kinds of security issues on a daily basis. it is projected to cost the world over $6 trillion in the next few years, that's an increase of over 200%. the cost of fraud and security and the ultimate sort of loss of business and dollars that companies are losing to that is only going to grow and therefore companies that can excel in providing solutions to that in a reasonable manner we think will

excel. >> huge issue, huge opportunity for companies poised to tackle that just to wrap it up, ed, given all the discussions we're having on trade deals and what happens with china, given fed policy essentially on hold now, and given transports, i know you referenced truck tonnage, what's your outlook for the u.s. dollar this year? >> i think the dollar may remain annoyingly strong, annoying for companies in terms of it weighing on some of their earnings prospects the reason for that is the u.s. economy continues to i think generally outperform the global economy. it is not to say that growth is higher than the global economy, but it is higher than europe, not as high as china everything is on a relative basis. when global investors invest, they also want a place where there's relative predictability

in earnings and pretty good governance i think the u.s. continues to benefit. >> as the dollar index approaches 97 again. thanks, guys talk to you soon speaking of the global economy, secretary of state mike pompeo making headlines on u.s., china trade talks. kayla tausche has the latest. >> they're embarking on a tour that raised speculation about political ambitions and underscored the u.s. agricultural crops to the on-going negotiations china. conversations with five iowa radio stations, two syndicated broadcasters and two farm groups, he stressed the u.s. would be willing to walk away from a bad deal, but pompeo is optimistic about getting a deal done. >> the good news is this, help is on the way. american producers and chinese

consumers will both be better off. the outcome of president trump's trade negotiations currently under way will pay dividends for people in each of our two countries. >> a study out this week from purdue university tallied up the total to be $22 billion, $4,000 per worker, if retaliation continues, if the u.s. stays out of the partnership rejoining it would add nearly $5 billion benefit. sources say the trump administration in discussions with china is prioritizing tariffs on what sources categorize as politically potent products as those that could see relief first, though unclear when the relief date, morgan, will be. >> that is quite a series of interviews and comments from the secretary of state kayla tausche, thanks for wrapping all of that up for us of course, as the u.s. looks to change special trade treatment for india and turkey as well

when we return, a retail rally, target and kohl's surging after strong earnings results. hear what the target ceo brian cornell has stoay about the health of the consumer stay with us

welcome back to "squawk alley. two retailers rallying shares of target and kohl's up big surging on earnings. target ceo brian cornell commenting on the holiday quarter this morning on "squawk

box. >> we are building on the plan we put in place two years ago, i think you see it in 2018 results. we talked about the fourth quarter being the best fourth quarter in over a decade and builds on a strong year. 5% accounts for the full year, really strong market share growth across all categories we continue to see great performance from a store standpoint and digital standpoint both parts of the business are performing well. in the fourth quarter, stores grew almost 3% digital up over 30%. we took market share across all categories so a really goodyear f year for team we expect 2019 to be better. >> we have jan niffen and courtney reagan. good morning to you both courtney, given the fact you did sit down with brian cornell this morning, not only have we gotten earnings but it is investor day, too, what are the most salient

headlines for investors as the stock surges >> i think what's interesting, morgan, here we are about two years just about exactly from the time target unveiled a 3 year, $7 billion strategy with a big emphasis on stores that was a time when a lot of competitors were closing stores. target was doing the opposite, remodeling hundreds of existing stores and building brand new smaller stores all to work together with the online system. i think the message today is it's working target says 3 out of 4 digital orders were fulfilled by the store in the fourth quarter. and overall, the different store programs, whether order pickup or same day delivery with shipt helped to lower the full year costs when you look at the average unit cost to get that fulfilled by 20% that's pretty significant. we're talking about how expensive it is to deliver to consumers in the omni channel

model when you look at the emphasis free commerce. >> that's a key point, given how much brian cornell talked about driveup being a more profitable solution in terms of e-commerce and getting products to consumers for target when he says that 2019 is going to be better, do you agree do you think that will be the case >> i mean, i don't think they would give that guidance if they didn't believe it. i was surprised how strong guidance was we knew they had a good fourth quarter. i wasn't surprised that fourth quarter they gave us guidance a month ago, seemed clear they would be able to beat fourth quarter. but wow, that was strong guidance for the future which means they believe they're doing well on gross margin despite all the growth online. that's impressive. if i was going to be skeptical, that's what i would be skeptical about. but they sure delivered in 2018 and are saying they can do it again in 2019. >> what's the lesson from kohl's, i don't spend a lot of

time in kohl's but they seem to be changing things, launching new initiatives and partnerships this quarter, performing considerably better than some expected >> i do spend a time in kohl's the secret is it is great to have the 1159 stores not be attached to a mall notice on the stores they closed and relocated, they were all mall based they're now mall free. they're the only department store that reported strong numbers in the fourth quarter. and i think a lot of that is credit to michelle, but a lot of it is we're not on the mall, we're doing better because we're getting the traffic. yes, they're doing a great job online like target and walmart are. >> courtney, i know we still have a few more retailers that need to report earnings but so far what have we seen for the fourth quarter and the setup coming into 2019 who's winning, who's losing in terms of how the numbers are

shaking out thus far >> sure, i think especially after we saw the december government retail sales numbers which were frankly trump crummy heard that wasn't the case individually look at what walmart put up with target, kohl's was strong. nordstroms, that was week. there was big drop in traffic in regular stores in december they haven't figured out. and remember lowe's and home depot not as strong as they typically are, both of those missed analyst expectation i think like usual it is not fair to say everyone is strong across the board, but by and large retail is looking pretty good i think there's still fear what 2019 will bring. again, you have strong earnings guidance from target i think we want to believe they can do it, like jan said target wouldn't give it to us if

they didn't think we could, we know so much goes into having strong consumer backdrop to help a lot of these names. >> jan, same question to you, winners and losers in retail now. >> pretty straightforward for me, online, off maul, and mall in particular is not winning we did see a bad number out of children's place, off mall if you're across the street from the mall, tjx, ross, burlington, you're winning if you're in the mall, you're not winning. haven't seen any mall winners except for foot locker so far. >> thank you for joining us today. both target and kohl's surge now. after the break, what sales force mark benioff had to say about why he is super bullish aboutthe company's future. back after a break duncan just protected his family

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give your family the security it needs at a price you can afford. sales force moving lower

erasing earlier gains. they posted a beat on earnings and revenue. guidance was below estimates marc benioff was with jim last night on "mad money." >> we are coming up on a year 16 billion in revenue, that far exceeds my expectation i have never been more excited about salesforce than now. i look at the short term, i see 20 billion around the corner, 30 billion around the corner. in fact, we initiated a four year guidance today, jim, 26 to 28 billion >> shares down just more than a percent. bears going to argue long term growth is decelerating, bulls like jim argue that you can't find this kind of growth at this kind of scale in many places in tech >> but you can find it some places i think of salesforce, adobe who they're increasingly competing

with in experienced cloud. i wonder how choppy it gets as the competition heats up. >> worth noting even though the stock is down, it is up 14% year to date in the broader rally in the market as well meantime, democrats set to unveil a bill today introducing a new fee on financial transactions ylan mui is in washington with more on that proposal, what it means for wall street. >> reporter: this is aimed as hi frequency trading. it is causing a lot of big swings in the markets. to reign in the industry, they would impose tax of ten basis points on all transactions of stocks, bonds, derivatives any transaction in the u.s. or involved citizens. the only things exempted are initial issuances and short-term debt, less than 100 days of

maturity in a statement, shots said wall street booked record profits from high risk trades that made the market dangerously vulnerable he said the bill will discourage risky volume based trading the proposal is drawing big name backers as well, aoc is one of the co-sponsors with kristin jill brand, and joe stigletz is also a supporter the idea of this tax has been around a few years, democrats feel this is a different moment, with broad sub purity fpublic sa the wealthy. to raise 777 billion over a decade, could go a long way to paying for green new deal or medicare for all back to you. >> one to watch. ylan mui, thank you for bringing that european markets, meantime, set

to close momentarily seema mody has today's action. >> hello, morgan a mixed session for european averages, germany and france in green, auto stocks in the worst performing groups. china slashed growth to a 30 year low better than expected economic data from the eurozone manufacturing numbers surprising to the up side in february italy services sector returned to growth last month but trade tensions are front and center today the trump administration latest targeting india and turkey he notified congress of intent to end both countries' preferential trade status. turkey was the fifth largest with $1.7 billion. steven cook says it will likely impact turkey but impact will be limited. turkey is the 32nd largest

trading partner. cook says if the actions are seen as punitive in turkey, may help will ruling justice and development party of he derdogat the end of the month, assailing the united states is political gold in turkey carl, back to you. >> thank you let's get a news update, let's get to sue herera at hq. >> good morning, carl. good morning, everyone here's what's happening this hour a british man the secondperson in history to be in remission from hiv they say the unnamed patient was diagnosed with the virus that causes aids in 2003. then received a stem cell transplant. pakistan interior ministry announcing they arrested dozens of suspects, including the brother of an outlawed extremist. the arrests after weeks of tension between the two countries. at home, hillary clinton

says she will not run for president in 2020, but vows she is not going anywhere. she ruled out another campaign during an interview with a local westchester tv station monday. she said she's going to keep working, speaking, standing up for what she believes. a preliminary study from ucla suggests having extra weight may increase odds of surviving a stroke in some patients those classified as overweight or obese had a lower risk of dying compared to those whose weight was normal. they're going to continue to do more research on that. that's the news update this hour, guys back downtown to you carl >> sue, thank you very much. sue herera. come up, the major tech ipos we expect this year, including lyft potentially this month. looking at the major averages, dow managed to cross the line, go green s&p just shy of it back in a minute. the trend tracker data board, brought to you by the cme

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lyft is stretching for the ipo and a host of other tech companies closing in, including uber, post mates, airbnb how should investors think of ipos the rest of 2019. joining us, bob pisani, and foundation capital general

partner steve osala, early investor in uber and netflix >> the great ipo sale is about to begin, whether it is a fire sale or not, that's the big question more than 220 companies seeking to be public in 2019 wow. half that are unicorns with values over a billion dollars. the market capitalization of all companies together exceeds $700 billion. but the float, the amount they're selling to the public, likely exceeds $100 billion. that will break any record we've ever seen in terms of dollar volume in a single year, bigger than 1999 and 2000 that was years that represented the height of the dot com ipo boom big names include uber, wework, lyft the latest round, last round of funding valued the company at $15 billion, but reuters reported they would seek to up

that, seek a market cap of over 20 billion we'll see if they get that who is going to buy this stuff at high prices that's the issue there are three choices for the companies. one, stay private. two, go public, or three, to merge. merger was the most popular exit strategy in a recent bdo survey of bank executives for potential ipo companies. this no doubt reflects the hope that merging is the best way to get the highest price. ipo investors seem to be hopeful. look at the ipo etf, the largest of the ipos recently, up 30% this year. guys, the set up is perfect. the ipo business is good, lyft setup is perfect tech stocks have been big leaders. the market is holding up well. we'll see if it continues. lyft market time for lyft, just about perfect. >> let's bring in steve. interesting your take. given all of the money going

into startups these days from the likes of softbank, and then the huge float in 2019, what are the up sides and dangers >> i think this is going to be an interesting year. if 2018 was a goodyear for ipos, if we look back on that, that looks like the appetizer compared to 2019 if you just look at you mention 220, bob, ipos keyed up for this year, just look at the top seven, they represent over $180 billion of private market capitalization today that's uber, lyft, slack, pinterest, stripe and a couple others, just those seven are a monster. if you look at lyft, it is really the soup or salad of this among the smaller ones of what's going on this year on the positive side, these companies are still growing. what's encouraging about lyft's

s1 filing, they doubled revenue, unfortunately losses are gaining, but unit economics look better than many predicted, take rates are higher than i think expected i think as we begin to see more and more of the other companies sharing more details, not just the high level metrics as uber has been doing a couple years, i think we see interesting things under the cover. uber i am excited for, stripe i think will be a monster, airbnb as well. these companies represent a lot of value, are going to be in many cases enduring brands on the risk side, some companies got jammed out plenty of examples i think the question for some of these, will they be more like spotify was a year ago or snap a couple years ago the unit economics and profitability questions will dominate for some of these on the bubble. >> bob, for investors looking at the ipos, where are the rip tides when there's this much

>> very simple these are not startups, none of these. we had 10, 11 years with enormous amounts of private funding, cheap capital that's one of the reasons, capital costs, one of the reasons they're private. what i regret about the whole process is we've essentially taken out early growth premium from the companies traditionally they would have gone public a lot earlier. you can say, okay, bob, they would have gone earlier, maybe not ready, now they're more mature, have a better idea where they're going and what they're doing. i'm sorry, i would rather see volatility, investors play around and get early growth spurts than see what we've got now. now they're more mature companies, many still don't make money. see if there's enough appetite for these kinds of companies in the middle of the economic life cycle. >> we talked about this a few weeks ago. you said you would rather have the dot com bust. >> you raised your eyes, you

would like to see that, yeah, there were real winners and losers look what came out of that google came out of that, there were big ones. >> amazon ipo. >> they all did well yes. i would rather take the volatility and try to pick out winners and losers than have companies already sitting out there many, many, many years. >> steve, to that point, you look at valuations in the private market, uber, 120 billion, pal entear, 41 billion, and go down the list are those valuations going to stand up once these companies are public >> i say half those companies are going to look like spotify or facebook when you look two or three years out. a lot of near term volatility. no doubt everyone will be watching six months and a day when the lockups come off these, who is selling. i would say there will be some companies that have long term value. you're absolutely right, bob, if

you look back 20 years rn, amazn went public three years old. all of that happened in the public markets almost to the factor of 2000 x facebook, 15 years later went public at $106 billion market cap, up 5 x from there which is encouraging. we're not going to see as much value unlocked in public markets, there's not as much room to run. we'll see three, four xors for good companies, they have to prove themselves in the medium term, but these aren't sort of small brands these aren't -- these are massive markets, talking transportation, food, and hotels i think that the companies that figure this out are going to be enduring brands, five to ten x potential the next three to five years. >> steve, how many do you think will make it >> we have to save that question for later.

something that we're going to be watching all year. bob, steve, thanks still to come here on "squawk alley," forbes out with the annual billionaires list we'll tell you surprising names at the top of that first, rick santelli, what are you watching today >> i'm watching the dollar index. dollar index has been strong of late, although it always seems to get close to 97 and back away the president has very firm ideas, he is not enamoured with a strong dollar or rising interest rates we talk to dr. judy shelton after the break. is he right? we'll see. it's screening technology that helps you find a stock based on what's trending or an investing goal. it's real-time insights and information, in your own customized view of the market. it's smarter trading technology, for smarter trading decisions. and it's only from fidelity.

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nordstrom here's what's coming up top of the hour we debate if stocks are likely to break up or down in weeks ahead as the markets digest more economic data and trade developments. and the call of the day says an industrial stock could rally 15% from where it is currently trading. that means it is ripe for debate on this program. and john najarian scanning the market for unusual activity, he will bring us his latest find at noon morgan, see you in 15. >> sounds good looking forward to it. thanks. let's get to the cme and rick santelli for the santelli exchange hey, rick. >> good morning and thank you. like to welcome dr. judy shelton, u.s. executive director of the bank for reconstruction development. we have a delay. i'm going to get into it the

president and cpac wasn't enamoured with strong dollar, higher rates forget the fed, talk about a strong dollar and market rates moving higher. i see both those in many positive ways that the president doesn't. will you please weigh in >> i think the president is very smart in understanding the impact of changes in relative currency values on the terms of trade, so he knows what he's talking about when he brings that up. in a way, it is unfortunate we say strong or weak dollar because those are the wrong adjectives we're talking overvalued or undervalued dollar we want our currency strong in the sense that it accurately reflects the strengths of our economy, which i think is stronger than the other developed economies in the world today. what we don't want is for trade and investment flows to be

artificially distorted because of changes in currency we don't want to reward the speculators and people betting on differential market rates, interest rates to benefit at the expense of people that are actually producing goods that they want to be able to sell competitively around the world, but legitimately competitively, not just through currency j. >> considering your role and how informed you are on many structural issues that may impede europe and japan as well, now that we're in a global environment, it is pretty hard to reverse that, we have to deal with the fact that europe and japan have issues. how can we continue to expand this growth cycle that the u.s. is in? is it a mutually exclusive binary scenario, if they're slow, we have to slow down how can we continue to grow but yet not count and depend on

others to fix what they have been unable to address for basically the last ten years >> well, that really brings up this whole problem with the way interest rates and market rates and currency values are kind of a wag the dog situation. on the basis of just real economies, it's true our economy is very competitive. we see negative rates and very shaky growth estimates for europe and japan and what i would think would be highly unfair is if those countries are able to make changes that they think gives them a competitive advantage through depreciation of currencies, for example, which i don't consider competitive i think it is cheating really. so the united states has a great advantage and we can even overcome these distortions

through the monetary effects but it would certainly be better if it were just the actual genuine growth oriented competitive attributes of individual economies competing against each other. >> judy, it's always a pleasure to get your views. thank you for joining us today jon fortt, back to you >> and thank you, rick santelli. up next, one of the founders of the ritz-carlton group joins us with his take on luxury spending and the health of the hotel industry. but before the break, take a look at shares of tesla, one of this morning's biggest movers, down nearly 3% barclays cutting the price target it is currently trading $277 a share. back after a quick break

what does the future hold for the industry joining us this morning in a cnbc exclusive interview, the co-founder of the ritz carlton hotel company. he's out with a new book, "excellence wins, a no nonsense guide of becoming the best in a world of compromise. great to have you here congratulations on the book. >> thank you

>> we see a lot of leadership books. how is yours different >> i can only tell you that i had it in 14 countries and awarded the best in each country, each location, we were the absolute leader. i'm trying to tell how we accomplished that. it's not me. it's many people it applies to any industry it's the same everywhere >> which is? >> concentrating on -- understand your market truly understanding your market. if people connect employees to that market and lead them to an objective, to a destination that's good for all of them. >> how do you do that in countries very different from one another? you have to deliver the same message from the top down? >> absolutely. that's the interesting thing every culture it was the same.

employees want to be connected to partners. that's it. if they connect with the purpose of the organization, ensure them that the purpose is good for them too that that moment you apply that in every country you can do that the customer wants to be taken care of everywhere concentrating anywhere you are and what makes it rather concentrating on the money, that makes great success. >> you talk about understanding the market, how do you assess the hospitality in the hotel market now we have record number of orders in terms of cruise ships on the books now. you have air b and b going public and home sharing in general continues to be growing gang busters >> you start what the market expects and create processes behind those expectations.

rather than hiring an employee, to fulfill a function. i hired them to join me in that objective and give them a chance to be part of a purpose. companies hire people to fulfill functions. >> we've had huge tech companies that are trying to become service customers.

what are they in danger of missing? >> it's concentrated on what the market wants that's not service it can turn this around and really pay attention what the market wants in the processes to care for the customer and respond to the customer rather than the convenience and cost of my organization. excellence wins. >> is there room for many? >> there's too many. it's a separation taken place clearly. it becomes more and more sleeping commodities and the

individual ones who have to survive on the excellence of their career it's nothing wrong with them convince the customers to come back because of points they get for airlines it's more individual ones have to convince the customer with excellence and service to come back that's going to be the difference >> it's a big piece of your book look forward to looking at it more closely >> great to be here. thank yoveu ry much. >> the book is called excellence wins squawk alley will be back.

welcome back forbes out with the billionaire list jeff bezos, warren buffet. according to forbes there's 55 fewer billion flairs asia pacific seems to have been hardest hit. 11% of last year's list did not qualify. it's the largest drop off since the height of the financial crisis a decade ago. spotify making the ranks and kylie jenner coming in at the

world's youngest billionaire at the age of 21. forbes describes her as self-made billionaire which is getting some attention, some push back. i would just note that since i worked for forbes and dug in, it defines it as someone who built a company or established it on their own rather than noting some of it or all of it. we know that's a broad definition >> this is the controversy when she was on the cover not long ago. >> yes which is being restoked today. >> for all of us who had supported parent, a public education, hard to argue we're self-made.

market trying to language on the gains. just short of it for the time being. we'll get some more. we'll start talking jobs heading into friday. let's get to wapner in the half. it's 12::00 noon a00 noon a the halftime report. >> the dow and s&p is up 18% both have levelled off what move starts next? best idea in our favorite end market see which stock this wall street giant says is about to take off. what target's big numbers and today's stock jump say about retail the halftime report starts