all? >> that's right. another shortfall there. there's not enough to feed that pipeline so people are retiring early. some younger teachers are burning out and some are skipping it entirely a huge problem for sure. >> kate with the latest there on that aspect. that does it for the change. "power lunch" begins right now good afternoon, everyone welcome to "power lunch. here's what's ahead on a busy tuesday afternoon. a bank stock breakout on the eve of earnings. is it time to bet on a niche financial? we'll speak to an analyst who says yes, it is and he'll give us the name. and everything is bigger in texas. including the brawl over vaccine mandates tillman is here, his business empire based in houston. he will weigh in on the controversy and how business is going. we'll even talk a look at the

nba season and a working lunch with another texan. michael dell his company has reinvented itself and there was one person he relied on to get him through the tough times. >> i like that story looking forward to that. here's a check on the market d dow is down 58 points. across the board, down a tent of one percent. the nasdaq slightly outperforming. intel and amgen are the biggest decliners. salesforce up 2% now the yield on the ten-year following the auction last hour is trending lower so this morning when we reopened, we were more at the 1.6% mark 158 is the latest read there the vix is up more than 20% and that's been changing the market game how do you place your bets

our next guest says there's no need to pick a specific style. here to explain is russ, portfolio manager of the blackrock global allocation fund where would you be allocated >> thanks, kelly i think the key right now as we spoke about in the past is to find companies that are profitable to find companies with earnings consistency, cash flow momentum and probably the fourth characteristics we're focusing on is pricing power. i know most of the, you know, narrative is about growth or value. the interesting thing is coming in to q4, they were about neck and neck they were both up about 19, 20% to the year. value's pulled ahead a bit in the fourth quarter, but i think we're at the point in the cycle where economic growth is likely to modestly deaccelerate we're going to see some moderation in financial accommodation. this is less about making a big style bet and more about stock picking and finding companies that can maintain pricing power as margins are under pressure.

>> it's interesting because that echoes just yesterday, i think we were doing a segment that featured companies with pricing power and you know, that idea of kind of looking across sectors then do you kind of just ignore a lot of the macro variables a lot of people say once the taper's on, forget it. or bond yields, that's the biggest factor can you ignore that if you're looking for kind of the stocks with those strong characteristics? >> i don't think you can ignore it, but i think it's been overplayed this is a great question i mean, all the narrative in september was about rates. and it's not like rates didn't have an impact on markets. they certainly did they impacted the type of company people preferred during the month. if you go back and look at september, just a simple exercise days the market was up and compare that to bond yields, there was virtually no correlation. it's simplistic, but illustrates the point. whether the ten-year is at 140,

150 or 160, which is basically the moves we've been talking about, it's not as big of a driver as a company's ability to generate earnings, generate cash flow and maintain margins. as long as we're in this range where the ten-year is bouncing around, we've got a strong economy, but derivative slowing, it's going to be more about stock picking. unlike 2020, this that has not been a multiple driven market. it's been earnings driven. that's where i think the gains are going to be had. >> so, russ, i've heard several investment folks say the same thing. don't focus so much on growth versus value focus on quality i wonder how, i think you really just referenced it how you define quality if it's a stock picker's time, what is a quality stock? what are the attributes of it and if you so choose, i'd love to hear you name an example or two. >> all right so look, it's an important

question because quality is a very a mor fous style. it means different things to different people we talk about quality really focusing on those characteristics that have been and we think will continue to be rewarded by investors. so what does that look like? it looks like cash flow momentum it looks like earnings consistency, the ability to deliver earnings in a very consistent fashion even when the economic environment is not as friendly then i keep coming back to this, but it's increasingly important with all of the supply chain disruptions we're seeing, all of the increase in input costs can a company pass those on to the end consumer that's where we see the best opportunities today. now where do we find that? we're finding a lot in the consumer discretionary space in parts of retail in media in cable and entertainment these are areas we think can maintain pricing power on the cyclical side, large parts of the industrials

manufacturing. and technology as well there are a number of places in technology, whether you're talking about semicap equipment. we're talking about parts of software we see the ability to maintain pricing power. these are the companies, the areas we think can outperform three years and into 2022. >> let me follow up with just one question you mentioned it just a second ago and i wonder how concerned you are in terms of damage to the economy and or inflation pressure how concerned you are about scarcity scarcity of labor, of components, of products, of truckers, of containers, of ships. how could this put cramp the economy and or contribute to not just transitory inflation, but enduring inflation that could damage the market, the economy,

and the whole -- >> i think that is exactly the right question for all of the discussion about rates, i do think this is the biggest risk it's the biggest risk on the economic side. the biggest risk on the market side on the economic side, it has a number of factors. particularly when it comes to the supply of labor, if that remains constrained, if we continue to see this gap between job openings and people that are looking for a job, that's where i do think you have the risk that inflation is going to be more persistent and probably is baked into the market and when it comes to the market, this is another important driver we talk to companies, we get their bottom up color. this is the big struggle that many companies are facing. whether it's again, any of the component parts, getting the labor and the company's ability to source the necessary ingredients.

whether it's goods or services this is going to be key to their success. >> russ, thank you very much great insights >> thanks, tyler bank stocks are on a hot streak heading into earnings season jpmorgan kicks things off tomorrow the s&p bank index up about 65%. over the past year that's 12 months and our next guest is paying close attention to a financial not often thought of when it comes to betting on banks. we don't like the word betting we're going to say investing in banks. let's bring in chris, senior research analyst is oppenheimer. chris, welcome >> thank you very having me. >> there are two things you say you need to look at when looking at banks one is loan growth, but your first pick is really not in the lending business and the other is the normalizing of capital markets activity and merger m&a activity. why are those the two things that you focus on as you examine banks?

>> well i think this is what's unclear. if you look at the banks over the last, since pandemic hit, the results have been fairly stable but what happened is when the fed started dramatically cutting rates, net interest income fell about 20%. 12%. between the first quarter and the third quarter of last year and it's been kind of flat lining ever since then and so it's obviously a really important question, when does that start growing again i think that's going to happen within you know, the next couple of quarters. what has been holding loan growth down is some of the stuff you mentioned. it's been the ppp forgiveness and just the fact that inventory levels across the country are nonexistent. and so what's been happening is that loan lines have been under

pressure because commercial loans have been going down all the other loans, if you take a look, have been growing at about an 8% compound rate since the bottom in april. april of this year so everything's going fine, but just the nfact that nobody's got inventory has been keeping loan growth down and revenue growth down so i would expect that to get better in the next couple of quarters >> as we head into the earnings flow here later this week, your favorites in the area are citigroup, bank of america and jeffries, which isn't really a bank per se. it's not a lending institution >> i covered both banks and investment banks and i think you know, the group broadly is going to benefit from that accelerating loan growth trend that i outlined.

of course, that also mirrors other activity jeffries is a special situation. they had their investor day earlier today. they have been gaining share consistently, year in an year out, mitch handler and brian freeman have been recruiting and adding investment bankers during the great financial crisis lehman they hired from bear and lehman and when the europeans were all trenching, they hire frd the europeans. but they have been building their investment bank for years. still very cheap at one point, three times tangible book. the your last guest's point about quality companies, quality earnings, they've got a great

track record and they're wildly underfollowed on the street. >> and again, the kpe is up 68% over the past year and jeffries is up 100% we can see the outperformance there and i wonder if that would lead you towards the investment banks versus the quote unquote regular ones and maybe for the next couple of quarters. i think if i remember correctly, there was a headline about how this has been a $6 trillion year for deal making and you don't hear that much an it, but we're talking about huge numbers here. >> we look at the volume as a percent of the gdp and s&p even though the deal volume is up huge off the bottom, it is only roughly averaged in relation to gdp and it's still very low in relation to the market cap of the s&p. so i think you know, every ceo

in the country has been given, i'm not going to call it monopoly money, but you get the idea they have rich currencies. they have rich currencies with which they can do ak by sagss. interest rates are low credit spreads are tight and that probably means m&a activity says pretty robust for the time being >> chris, thank you very much. we'll be watching eagerly as these earnings tumble out. >> coming up, big companies making ambitious climate pledge, but do carbon off sets really work a close look at the practice's effectiveness. plus, industrial bellwether battling riser labor costs which industrial companies can withstand the pressure our trading nation team will take their positions and later, tillman on everything from vaccine mandates anthd e

nba season more "power lunch" coming your way next and wait for back and forth e-mail, or a call to be rescheduled for the third time. orrr... you could use slack. and work faster with everyone you work with, together in one place. slack. where the future works. as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com

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baaam. internet that doesn't miss a beat. that's cute, but my internet streams to my ride. adorable, but does yours block malware? nope. -it crushes it. pshh, mine's so fast, no one can catch me. big whoop! mine gives me a 4k streaming box. -for free! that's because you all have the same internet. xfinity xfi. so powerful, it keeps one-upping itself. can your internet do that? pledges when it comes to carbon off sets but are they having a real impact >> well, the idea is simple. a company emits emissions but can't eliminate all the bad stuff that goes into the air so they buy carbon credits voluntarily and these credits

direct private financing to planting trees that would otherwise not get off the ground the slew of companies and countries making net zero promises, carbon off sets sound like a great idea. microsoft, for example, has bought 1.3 million just this year alone, but what happens if ar bo carbon off sets are just a license to pollute >> there's no regulation about off sets in particular that measures their quality, whether or not they're permanent whether or not they really are providing the emission reductions they're often told. >> and yet, the voluntary carbon off set market is on track to hit at least a billion dollars in transactions for the first time ever and possibly help towards putting a global price on carbon. >> it has the potential to bring together corporations trying to make carbon neutral claims

around one price t. >> the inconsistency leads to challenges for this nascent market, but experts say there's no doubt the market would support progress towards a low carbon future. >> and in fact, bank of america just had a huge net zero future. i think when people see the trillions and trillions kind of moving into the space, you make a good point if carbon offsets aren't the way to go or if they have all these problems, are people just going to push harder towards replacing fossil fuels with renewables and pushing as hard as they can on the transition >> it's not something that can happen within a ten-year time span there are third party certi certifi certifications that are trying to prove they work it's just that we're at such a beginning stage, there's not a lot of price transparency. planting trees might be a lot

cheaper in the developing world versus not so there's a lot of problems still. but i don't want to say this is all bad. >> what is the money that is invested in these carbon offsets go >> to these exact projects to finance this so there are platforms project financing for a lot of these, if you want to remove methane from a particular product or a lot easier thing is planting trees because the easiest thing to say >> if i buy a million dollars in carbon offsets, i can plant a million dollars worth of trees >> you can pick specific regions. >> basically, i'm cleansing my hands. >> which is the point i brought up an opportunity for companies and countries to reduce carbon emissions or just allow them to continue polluting >> thank you she's coming over there. waving her over. there she goes

ahead on "power lunch," here we go before i get scolded fastenal and its earnings result could this be a warning sign of what is to come? plus, another working lunch with jon fortt. he'll join us again. got an iden-pth interview with a major ceo.

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at least two cases of havana syndrome are being investigated at the u.s. embassy in colombia. that's the mysterious problem that's affected some diplomats in cuba and around the world president biden will host the kenyan president at the white house on thursday. it's his first bilateral meeting with an african leader since biden took office. the crisis will be on the agenda a federal judge says that new york state must allow healthcare workers to ask for a religious exemption from its covid vaccine mandate as court challenges continue. and american airlines says the executive order by greg

abbott that bars employers from requiring workers to get the vaccine doesn't change anything. the airline implemented its mandate this month it said they believe federal rules supersede conflicting state orders >> thank you very much let's get a quick check of the marks which are trying to hang on to the green. nasdaq's up 29 at the highs of the year, the dow was about 1,000 points above this level that gives you context to the bond market now after the ten-year auction yield drifted lower. rick >> we learned a lot today. the ten-year note aurngs was well above average looking at tens, you can see the way we're drifting lower down several basis points in tens but down in two-year and

five-year. look at the june 1st start to ten. we traded on friday. 161. highest yield close going back to june. and we're starting to turn on it, which made sense it was a lousy jobs report and there's a lot of issues that definitely are sewing some soft spots with regard to the economy. mostly due to supply chain issues if you look at boone yields on top of uk yields for your ten-year, you'll see they're both at 29-month high yields minus ten basis points in bunds and approaching gilds and as rates go higher is benefitting as it's now hovering at a one-year high. tyler, back to you >> thank you very much when we continue, a power player we will speak with fertitta entertainment's chairman and houston rocket's owner, tilman fertitta just as business was returning obmsormal, there's a new set of

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we are watching the rally in several electric vehicle, ev and charging infrastructure stocks like nicola, quantum scape, chargepoint, tesla and others. lords point is down 30% in october. that follows a downgrade at morgan stanley with analysts noting that the company's cash burn and liquidity risks related to the sale of its ohio factory to foxcon, all of those weighing shares up 7.5% right now >> context is key, absolutely, thanks the oil market is closing for the day. pippa? >> hey, kelly. oil whip sawing between gains and loss today as the market struggles to find direction following the first settle above 80 bucks since 2014. it crossed 80 last week, but

isn't settle there until yesterday. the contract ending at $80.66. brent crude dipping a quarter of 1% to $83.44 analysts at commerce bank pointed to the futures curve as evidence that this recent rally is now all about supply. they noted the price difference between wti for this december and wti for next december topped eight bucks which is the widest since 2014 they said, quote, such high premiums point to an acute tightness of supply. >> thank you very much and for today's power player, we're going to talk to the billionaire, tilman fertitta, owner of the houston rockets, hundreds of restaurants across the country, hotels, casinos and plenty more. based in texas where governor abbott announced a statewide ban on vaccine mandates. restaurants particularly hindered by the pandemic are at high risk of disruption and shutdowns in the event of more covid surge, but one safer bet has been casinos

and particularly online gambling and mr. fertitta has cashed in, reaching an agreement in which his golden nugget, gnog, will be acquired by draftkings, but he'll have a big hunk of it. joining us now, tilman fertitta, ceo, chairman of the rockets always great to see you. welcome. let's talk a little bit, let's start with the vaccine mandate issue in texas, which governor man, governor abbott has said is not to be enforced you can't force your workers to be vaccinated. how do you feel about it >> believe it or not, tyler, when a governor comes out and says you cannot vaccinate, ask your employees to be vaccinated, it kind of makes it easier on us when a governor does something like that. it's no different than if in new york, the governor everybody has to be vaccinated because there is a labor

shortage right now and it's really difficult for us to have to make that decision and some people feel so strongly about it so i truly do not have a problem in governor abbott doing that. but i don't know that i would have a problem if another governor did it another way. what i don't want in my business, let me finish. where i don't want him in my business is telling my consumer what to do which they're doing in new york. >> that's where i was going to go in new york, the governor and the mayor have said that indoor dining, you have to show a proof of vaccination, just like you do in most european countries today. >> well, and that's, i have a problem with that. because now you're getting into my pocket and you're making us be the vaccine police. and you see there's already been incidents in new york restaurants and it just really difficult to put us in the line

of fire with the consumer who we depend on for the business so, it's fine for the governors to tell us what to do with our employees, but don't get into my business with the consumers. >> that's an interesting distinction there. i see it i see why. let's talk about business and how it's coming back and where it is still a little bit soft. i would guess that it's coming back in most places across the country but that one area that may be a little lagging is the events, the convention business, large parties and so forth am i right on that >> you're dead on. you know, business is good, okay and this is what gives me so much hope for '22 and '23 moving forward. is that all conference and convention business is not back yet, but believe it or not, a good chunk of it, 25 to 40% in different markets, is still

there. but as all these conferences and conventions start happening again in '22 and '23, our business is going to be really good because that's a huge chunk of our high-end business that is basically only a portion of what it is right now. so we're really looking forward to it and with this new make, you know, this new stimulus bill, whether it's 2 trillion or a trillion five or 3 trillion, all that is is if you look at it and read it, it's just more money in people's pockets where they don't have to go to work or they're going to take that money. you know, when you start giving a family $3500 for every child they have, we encourage you to go have children so we can buy votes in the future whether it's either party doing it that money's ending up in my slot machines. okay that money, we say we're giving

it to you for your children, but it's not necessarily going to your children. so our business is going to be good because there's so much, it's still stimulus money. it's whatever you want to call it build american back again, but it's money in our pockets, the retailers out there, and it's all retailers. so i look for business to stay great. >> let's turn to the nba and once again, the vaccine issue as it has affected the star nets player, kyrie he has said he opposes being pressured into getting a vaccine because in new york city, to play in a public performance in the barclays center, he would have to be vaccinated. the team today has said you're not going to practice with us. you're not going to play in away games. how do you feel about that that's fundamentally, once again, the state saying here's how you have to deal with your

employee address that and then address the question of whether you, in your state, and with your team, would be interested in acquiring him. >> i'm trying to make it not easy for you, tilman you are not making it easy for me the first thing that goes through my head, now what can i say and not get fined. usually i will give you an opinion on anything is going to be i'm glad it's happening in brooklyn and i'm glad it's not happening at the houston rockets. i hope they work everything out well but remember, i have a lot of the brooklyn draft picks so do i love turmoil there more than at the houston rockets? absolutely >> very, very interesting. >> very clever answer there, tilman and we love you because you will

go there >> a quick question for you. i want to come back to what you said about how people are spending their money there's been just a lot of i think questions about all the fed stimulus and the fiscal stimulus and i'm curious what you think will be the next move sort of on that front, if you think that maybe even the fed itself is saying we need to pull back and the energy prices especially anyway, just kind of your macro thoughts and then i also want to ask you about the spacs and the team we've talked about before, you talking your companies private and public how would you describe the macro landscape? do you think there's a reckoning to come here >> ask me one at a time because i'm not too smart. all right. so, what do i think's happening is it's kind of what i told tyler. there's so much money out there. we are doing business and if they keep putting this money into the system out here, it's only going to be really good

because the conferences and c conventions are coming back. so i really look forward to '22. where we have a problem is this supply chain i know y'all keep talking about it, kelly, but it's a real issue. we have suppliers who do not have drivers and say we can't deliver to you i have busy restaurants and we've had to go rent uhauls to go pick up our protect to bring them to our restaurant the customer and the consumer really needs to be a little sympathetic to us right now. a waiter that usually had three tables or four tables has five or six tables. if your favorite dish is not on the menu, cut us some slack. we cannot get the product. then you have product like king crab that are three times more of what they were a year ago steaks are almost 60% up so when you go into a restaurant right now and get sticker shock because i'm going into restaurants and getting sticker

shock and i can afford it. but it is sticker shock right now. but people don't realize the price to us has gone up so unbelievably rents are high utilities are high because of natural gas with all the deregulation prices have gone up from like 2.50 to $5 our electrical bills are so much higher be patient with restaurants and casinos right now and their pricing because it's really hard on us. >> you really touch on a lot of the things we talked about earlier, about scarcity and inflation. you touch on a lot of things and i kind of have this feeling, the three of us, something big is brewing here something really big is brewing. not sure what it is, but i feel it coming, tilman. >> you know, there's a shot that we could totally have a supply chain breakdown. i think america is so resilient and we're so smart and we tend to figure this out regardless of

what party's in power. but it's definitely waivering right now. and then kelly, on your other question, go ahead again >> just a comment about warren and others looking into your spac deals are you pocketing at the extent of -- what am i trying to say? at the expense of your shareholders >> i know what you're saying first off, let's make it clear to everybody about a zspac the retail shareholder isn't able to come into the spac originally it is done by very sophisticated institutions i have yet to have one of my spacs, and when you go and you find your target, when you buy a company, every one of these people that put money in to make it a $400 million spac or $500 million spac, they have the opportunity to look at this deal and say, i don't like that deal. i want my money back okay so this whole thing about spacs

is just something we've let in washington create. these are very sophisticated people that are buying these spacs long before it goes to the retail customer. >> okay. >> so i really do not know what this is about. >> okay. we have to leave it there. great to see you it's been a while. tilman fertitta. >> thanks, guys. >> after the break, join us at our table for a working lunch. jon fortt is sitting down with the ceo of -- i was going to say he's here. 'ljo u here. hel ins live to share what they discuss, right after this e. - ten-x it? ten-x is the world's largest online commercial real estate exchange. if i could, i'd ten-x everything. like a coffee run... don't just sell it. ten-x it.

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1-800-376-4376. that's 1-800-376-4376 welcome back welcome to working lunch as cloud computing remains a driving force and tech companies are finding that not everything belongs in a single cloud. jon fortt is bringing us up close with a leader who's managed to buck the traditional narratives >> yeah, and this is a name that people know. michael dell, kind of the last man standing from the windows pc era.

hewlett-packard had been broken up dell technologies meanwhile, it's market cap is now 50% bigger than those two combined carl icahn tried an activist takeover of dell eight years ago. turns out one of his best allies in that process was his wife, susan. >> she's not only my life partner, but my thought partner. as i went through all these various challenges and opportunity, she's been right there with me. kind of thinking through all the various alternatives and you know, knowing a lot of the people and having i would say much deeper insights into people than i sort of naturally have -- >> really. >> so in many ways, she's kind of a secret weapon because you know, she can understand people, you know, much, much better than

i can and that also understanding the business context and what we're trying to achieve, you know, i couldn't have asked for better partner for 32 years now >> he told me she was helpful when shehe was trying to figureu which executives would stick around from vmware i was talking to dell last week for the launch of his book a lot of it deals with how he navigated that time for his company. another theme is the value he saw when the popular narrative was when pcs were dead, everything but the public cloud was dead dell knew that wasn't quite true >> it's really hard to run up against those narratives that are super popular. certainly, i think people are starting to understand that it's not the public cloud, you know,

only right? it's multicloud. today, vmware is having its vm world conference talking all about cross cloud services there's enormous growth at the edge everyone is starting to understand that distributed computing will be more distributed in the future and that's going to mean, and certainly when we look at our business and the growth in our cloud infrastructure, it's quite robust we're growing nicely in the face of it. >> you mentioned vmware. dell is the chairman of that company. couple of points and insight here one, investors need to understand the cloud isn't all or nothing just like mobile wasn't all or nothing. we can talk about the idea of edge computing and why that matters. two, we should be careful coming out of the pandemic when it comes to narratives on things like remote and hybrid work.

i suspect it's not going to change every single company to the degree that some people are saying it's a thing >> back to his wife. i don't want to talk about all this toechnology and cloud and edge computing it's amazing the way he has kept up with the times. many people i don't think saw this complete revolution coming. >> yeah, it's really fun to get that insight 32 years along with this entrepreneur who has changed so much getting insight into hey, everybody doesn't have strengths in every area. you hear that that many management a lot tim cook, steve jobs and michael dell's secret weapon, susan. >> i think of him and bill gates. we're so associated with their companies and to watch them both grow over the years. they've been around in the spotlight a long time. he seems so much more relaxed and aimable today, not that he wasn't aimable, but less tense

i mean, it's all good. and same with gates. he's a much more comfortable dude today than he was 20 years ago. >> well, this book play nice is a victory lap. because michael dell has been under the microscope for a long time even before icahn came in. the pc business wasn't doing well and a lot of people thought this just in time, manufacturing process, dell was a one trick pony turns out dell had a lot more tricks and they made this transition to cloud. oh my goodness, when we talk about turn arounds, we talk about apple. microsoft wasn't really that doubted. it was just a question of whether it could really shine again. dell was in the dumps and under activist pressure and he not only managed to get it out, but to get emc and vmware. >> play nice and win >> but win >> but win

that's right >> jon, great to see you thanks after the break, rising costs hitting the industrials. reporting a rise in sales for the quarter, but supply chain disruptions taking hold. which sectors are least affected by these issues? our trading nation team will tackle that one, next. this... is the planning effect. this is how it feels to know you have a wealth plan that covers everything that's important to you. this is what it's like to have a dedicated fidelity advisor looking at your full financial picture. making sure you have the right balance of risk and reward. and helping you plan for future generations. this is the planning effect from fidelity. you could wait... all night...

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welcome to proumpbl. industrial supplier fastenal with earnings and voicing who could be a common complaint. inflation. specifically seeing base pay and bonuses. share up 3% right now. bring in the team matt mali and gina sanchez welcome to you both. gina, do you expect other industrials to see similar issues and does it matter? >> i do expect industrials to have the same complaints and fastenal is a great study of industrial activity showing that first of all the economic reopening is alive and well and industrial activity is very strong right now second these complaints about both increasing wages and costs and in terms of logistics and

transportation, that is actually not been a problem fastenal is able to increase the prices and the margins are flat so there's concern about margin pressure but it is amazing that the pricing power is very strong in this economic recovery. >> matt, should that become the theme here, pricing power? >> yeah. no question. that's a most important thing. a thing to try to look at with inflation is interesting because jamie dimon saying yesterday he thought that this supply chain thing is not a big issue in 2022 i'm not so sure he is right but what can we buy for a hedge on both sides one is a technology stock and i'm looking at qualcomm. qualcomm this stock has a 2.2% dividend yield which is pretty good for a technology stock and others that high like texas instruments about thesame yield but it is not oversold at all. qualcomm down 25% this year.

rsi is down to 20 which is more oversold than it was back at the lows of the pandemic so actually i think the stock is one that if dimon is right and the supply issues go away this will be able to leverage to the upside and your downside is limited with a good yield and the stock is oversold. >> qualcomm and thoughts on fastenal we appreciate it head to the website or follow along on twitter. female investors outperforming men? we'll look under the microscope next. now the latest from trading nation.cnbc.com and a word from our sponsor.

new study from fidelity shows that women outperform men coming to investing. dom chu has the details. >> women still beat men. the latest data from fidelity proves it here with the overall performance females beat males by about a half a percent coming to

returns. it is not often a good idea to make blanket statements but there are certain study that is suggest women subscribe to buy and hold investing than men that do active trading. perhaps indicating that the former performs better over time and more women investing period. women informs outside of mrmg funds. 43% more are opening accounts at fidelity compared to the same time last year and 9 out of 10 women are ready to take more active steps to improve the financial positions so an interesting development. the trend continues of women doing more in investing than men. >> buy and hold thing is interesting. that women may be more inclined to do that i think women do deeper research and less confident in what they know or think they know than men. >> i also think that's something interesting in era free trade or

commission free trading. maybe some of the stats get changed because it used to be that friction costs with trading more often tend to erode profits over time. >> maybe we'll find out next time thank you very much. thank you for watching "power lunch. "closing bell" starts right now. ♪ hello and welcome to "closing bell. i'm sara eisen here at the stock exchange broader averages holding steady. banks kick off tomorrow morning. >> can't wait. i'm wilfred frost. nike one of the big winners in the dow after goldman sachs initiated the stock with a buy target and 172 target price. weighing on the dow is intel chipmakers hit after a new report of prices for the memory chips could decline next year and the macr