stock market or another investment that calculation generally fends on how long you intend to own the home five to seven years is the best bet. >> for the break each. i should mention the home builders are under pressure. they are down about as much as the nasdaq so far this year. that does it for "the exchange," everybody. thanks for your time stick around as tyler mathisen and "power lunch" pick thing up right now. >> cally, thank you very much. we will see you in a couple of minutes. welcome to "power lunch. i am tyler mathisen. here is what's ahead on a busy hour gems amid the wreckage tech slides as interest rates rise but there is opportunity in the washout. we will highlight names in i go from mega cap to the cloud to electric vehicles. and hedge fnds funds unload high growth shares. it's being called a, quote, violent rotation we have the details on the names influential investors are dumping a of the a rapid pace.

and hi energy. oil prices up about 6% to start the new year shares of pioneer natural resources riding that rally. the ceo talks demand and production in the year ahead kelly? >> tyler, thank you. hi, everybody. a volatile dave trading. we saw deep loss force the nasdaq earlier on, but gains thousand of 30 points. it almost went negative again. we are going to see if there is more pressure. we haveends comments from the fed's bullard that caused that action. in the s&p, 192 components of it are now 10% or more below their 52-week highs. in the bond market, driving a lot of the action. ever since the fed minutes we saw the ten-year rising to 1.75%. 1.73 is the latest with so much thaeng on high growth names, here's a check on ark innovation etf

>> a few tech stocks were immune from the selloff this week big caps like apple and microsoft, amd getting hit along with names like z scaler and data dog the question is whether or not these big drops create buying opportunities or whether the pain is just getting started our next guest says it is about being a stock picker mark mahanay of ever corps you segmented the tech universe in three ways, mega cap, mid cap, and small cap we will get to that in a minute. why do you think now is time to be a selective stock picker rather than an index buyer >> i think there are two trends we have to worry about and focus on this year there is going to be hopefully a reopening trend. and secondly, we are having rapidly rising interest rates. at lease that's the

expectations when those expectations increase high multiple stocks trade off the consumer tech land that i look at all the ten times sales stocks, all the ps stocks, price to sales stocks have all corrected 10% or more since the beginning of the year. so the margaret and investors are saying the high multiple high growth tech stocks, those are going to underperform if we have rapidly rising interest rates. that's what you want to watch for and you have to be selective. you can't buy all tech and you have to have a thesis this year and want to be careful with the high ps stocks. >> you have three in each category let's go quickly top mega cap picks are amazon, uber, and facebook why those three? >> all three have done -- we have only had three and a half trading days but eastbounder has outperformed why? because it will be an reopening play, assuming we have reopening after omicron. it is one of the biggest gap up opportunities out there.

we like that amazon i think is going through an investment cycle but there would be a return on that investment spend we will see revenue growth accelerate and margin expand on the back half. and facebook has two problems that i think it can fix. the esg discount it is addressing that through a series of steps. it also has the apple or policy change risk a challenge they had in the back half of '21. we think they will physician it and we think it is trading at a discount >> you think some of the esg owed or that surrounded facebook or meta -- whatever it is called -- is going to go away. let's go to large cap. r roku, chewy, and spotify >> that's right. the latter two are what i call gross margin catalyst stocks you have to have something

specific, what are you holding out for this year? both names have a chance pour gross margins to expand. when you have low growth margin stocks like netflix one of the things that unlocks them is when there arist gross margin increases, i think chewy and spotify are going to give that you in 2022. >> i can see people writing down, taking notes here. in the small-mid cap area it is bubble, duo lingo, not to be confused with duo leapa, and mix. >> high multiple names in duo lingo and wix. of all three names, wix has been around the longest it is a good steady play off web presence, digital presence company. so there is a need for that for

all companies. duo lingo has a tam, a good management team and a good product. if you want to learn a language and have fun doing it, duo lingo. and bubble when we get back into dating, bumble is a playoff bet. >> mark mahanay, we appreciate your time today. >> thank you, tyler. >> i need you, moonlight, ar light, i got you our next guest says now is the chance to buy high quality, kevin of washington advisers great the see you again. you are looking at the selloff names. what do you like >> well, i have to set the table by saying we are coming into this year with record high valuations in many areas you have got a stock market trading over $50 trillion. so the forward look on returns is going to be low at the same time, you are

putting the brakes on a lot of fiscal policy and monetary policy programs that are just not appropriate anymore as we move beyond the pandemic ultimately, what we want to do is own very high quality companies. and not necessarily tech unless we can buy it at the right price. the four names i would offer up for today would be names like 3m, target, oracle, all of those -- all of those are names, if you look at them, that have really good balance sheets, very low debt, lots of stability in the profitability and very predictable. we think the market is a riskier place than most people realize we acknowledge that growth is with us right now. but in the future it is going to be important to hold onto the the gains that we have accumulated over the years that means you need to own companies with flexible balance sheets that are able to withstand tougher times, certainly more difficult times than we have had the last few months as far as the stock market is concerned. >> we were talking last hour

about some of the names that are down big, bet bath and beyond, stitch fix all birds. you know, aside from the fact that they are small, why aren't the newer names more interesting to you given that some of them have had 80-plus percent declines. >> when we look at a company we look at the whole company, including dent to us, as we have gone through the cycle -- we don't see the pandemic recovery as the reboot of a new cycle it is the continuation of an old one. so we need to be careful here and circumspect about what we own. we have moved up the quality spectrum and the only kind of companies we want to own at washington crossing where going to be the ones that are going to be able to stick it out through tough times. i don't know all of those companies you just mentioned but if these companies are not capable of maintaining forward

momentum in a rising market you would have to wonder what kinds of pressure they would be under if financing conditions tightened up so be very careful with companies that have a lot of leverage, who are not going to be flexible enough to get through tough times. i think ultimately you can make money and create alpha by following that strategy rather than chasing low companies or companies with extraordinary valuations >> the only question to ask now, not many people thought 2021 was a year of easy times, when those names wouldn't have performed. obviously not all of them did. what if this year turns out to be a better year than you are anticipating, one where risk outperforms? >> we have a barometer that keeps us on the straight and narrow what it's doing, it's looking at all sorts of high frequency data that comes in. that barometer today is positive

now, throughout 2021 and most of 2020, it was significantly positive but it's come down, and now it's just modestly positive so if we saw a downturn in the data and it was measurable and identifiable and showed up in our barometer, you can rest assure we would be taking off risk in our top down portfolios and in our bottom up equity portfolios it is either going to be about high quality or in some cases where we can't fine things to buy, we simply will default to cash and wait for a better opportunity. >> wow you mentioned them, pfizer, tjx, 3m, oracle, i think you also mentioned target. >> yes. >> all examples of the kinds of company you are looking for today. kevin carom. the ceo of pioneer natural resources discusses the energy market's strong start to the year the stock up nearly 9% in just four days. hovering near a 52-week high we will talk production, supply,

demand and his biggest challenge. plus, how to make covid testing more accessible and affordable the ceo of e med has some solutions. we will talk to her later this hour

♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq

and there you have it. yeawoah.oh. don't worry i got it! wireless on the most reliable network nationwide. wow. big deal. we get unlimited for just 30 bucks. sweet, but mine has 5g included. relax people. my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one-upping itself. take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds.

welcome back to "power lunch. a remarkable run for energy. the sector up today, and higher by nearly 50% over the past year the biggest oil producer in extexas, pioneer, up 60% over the last six monday. scott sheffield is ceo of pioneer. he is participating in the conference which kicked off yesterday. and joins us now great to have you with us. welcome. >> kelly it is great to be with you again, both and you tyler. >> 60% is a really strong return over the past 12 months. can it be repeated >> i am positive this year it may not be up 60. we all came from a much lower base, obviously, in 2020 because of the pandemic. but we have a great yield. as i told brian sullivan recently in an interview, we have the highest dividend yield,

about 11% of our current price force the rest of 2022. in the s&p 500, we are buying back stocks. we are distributing over 80% of our free cash flow back to the investors. >> that is a tremendous dividend yield. for sure investors are al rate issing over the return prospects. the trade-off -- can you make that capital return and invest in future growth, let's say. or are you cautious about future growth because of some of the secular pressures on the energy industry >> no. i think everybody knows in a all the public companies have stated they are going to grow 0% to 5% per year pioneer, we are adding one to two rigs for the year of 2022. we will be drawing 5% a year what's amazing at these prices the returns are the best in pioneer's history. so we are going to return on capital employed something around 19 to 20% of the current prices so it is -- the returns in this

industry are going to be better than we have ever seen them over the last several years it is because we are not drilling as many wells we get ourselves into these cycles we put too many rigs to work, service costs would go up and then we would cause a collapse i think those days are gone. >> let me ask you about the oil price. we had jeff -- we had the fellow from goldman sachs, jeff currie on the other day, he says he sees potentially oil moving into the $90 range this month is there a price at which oil gets too high to be good for you? >> yeah, tyler, i stated yesterday at the conference that i thought oil would be between 75 and $100 a barrel for the rest of this year. if you go back to the period of 2011 to 2014, we had 80 to $110 oil. if you look at the demand charts from 2011 to 2014 when shale oil

first came on we didn't see a decrease in demand somewhere in that 75 to 100 i think is safe. if it gets past 100, up to 120, i think there will be some issues on demand. >> scott, we talked about how if oil goes over 100 a lot of ceos are concerned that wouldn't necessarily be sustainable we don't really talk about how low it could go. why do you think that is >> what's happened over the last five years, the industry is investing $1 trillion less the last five years, if you compare to the previous five years that's because we have had two significant downturns. both in 2015, and early 2020 and those down turns, people become more and more cautious. people are going to run better balance sheets people are diverting a lot more capital toward esg and definitely people are giving back a lot more to the shareholders because of what's

happened to the industry over the last ten years so i think everything is changed, the model has changed we are starting to see more and more shareholders, dividend funds, come into this sector as we speak. >> i would think, with an 11% yield, and that was what i wanted to ask about. years and years and years ago, but i worked at cnbc -- so that's years ago when i was able to buy stocks. i bought a stock, which shall remain nameless that had like an 11% yield and i got taken into that -- and then of course the price went way down because they were not able -- how are you able to sustain an 11% yield i mean it's beautiful. it makes me -- it is mouth watering i want to go buy it today. but how do you do it and how can you sustain it >> now that -- most of us in the industry, and pioneer led the effort we are creating a base dividend and a variable dividend. combined it is 11%. >> i see. >> the variable dividend

fluctuates with commodity prices what happens is we are going to have a balance sheet with essentially no debate by the end of 2022. so pioneer has options then we have -- so the industry has the best balance sheet i have seen in my 40 years in the industry so they will be able to go through these down turns much easier so i think you will see people not cut dividends ever again i think you will see people buy back stock so the industry -- the shale industry is going to be generating over $100 billion of free cash flow this year that's unheard of. we used to spend 110% of our cash flow to drill wells that's what's changed. >> fascinating really interesting scott sheffield, thanks very much, we appreciate it >> thanks, kelly, tyler, happy new year. >> appreciate it, sir. you bet. up next, the crypto trade crumbling. bitcoin continues its drop, heading for 40,000 what does it all mean for the crypto ecosystem of stocks we will break that down for you coming up.

like jack. he wanted a streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim web. because platforms this innovative, aren't just made for traders - they're made by them. thinkorswim trading. from td ameritrade.

welcome back i'm rahel solomon. here is your cnbc news update at

this hour. six health experts who advised president biden in weeks before his inauguration are now calling on his administration to change its covid strategy an opinion article was published in a medical journal they argue the virus cannot be completely eliminated so the government should focus on efforts to mitigate effects amid their recommendations, testing and vaccine mandates. liz cheney's father visited the house floor with his daughter today as he was leaving, he said, quote, it is great coming back, they are doing a hell of a job and i am here to support it. he also said that the current gop leadership does not resemble any of the people he knew when he served as a represent any the yaetsds. and director peter bogdanovic died. his film" the last picture "the

news with shepard smith"" was nominated for oscars he directed paper moon also. the idea of bitcoin as an inflation hedge took a bit of a hit yesterday when bitcoin tumbled after the fed's hawkish minutes were released in our hour dom chu is looking at cryptos and the stocks that trade them. >> the two-day chart you just showed us is telling us there is at least a little bit of stability attempted after weeks now of selling pressure. we are right around $43,000 for bitcoin. and the current area for support that traders are watching is that 40 to 41,000 range. that's about the area where we saw the sell-off lows going back to september after nearly hitting $69,000 per coin for a record high just a couple of months ago the pullback or draw down now stands at 36% if those levels ethereum hasn't fallen as much as bitcoin from each respective record high.

about a 20 to 30% draw dawn. coinbase declined in nearly an identical percentage amount as bitcoin. amazon and bank of america upgraded that stock to a buy rating with a $340 price target where it was around thanksgiving time it has ground to make up the other one to watch is micro strategy tied to bitcoin's story and bitcoin headlines since at the ends of last year it disclosed it owned over 124,000 bitcoins at current positions that is worth $5.3 billion much of the company's worth has been tied to the bitcoin holdings it has, guys. back over to you. >> what do you think, dom, should i take my salary in bitcoin? >> every time people say that i think back in the day remember when giselle bunch chen said she was going to take all of her salary in euros rather than

dollars. but if everyone asks for it in bitcoin or ethereum it might be a near term top level. ahead on "power lunch," are you worried about your tech portfolio? our tech support specialist steve grasso will be on line helping you trade amid the volatility he will run through some of the key names and give his top picks key names and give his top picks right after this and alex, i don't want to stop. well, i don't see why you should have to. let's set you up with a side gig savings goal on the u.s. bank mobile app. this way, you can turn it into your main hustle before you know it. you're my hero, alex! what are you working on now? pool cover. that's fun. oh! i made my wife a bathing suit. oh, did linda like it? she did not. oh. you should see what i made for max. max! look at him. he loves it. the confidence to make your dream a reality. u.s. bank. we'll get there together.

all right. the nasdaq is slightly higher today. a little bit wobbly, though, tech has been battered so far this week. money has come out of the mega caps but also the cloud stocks, and electric vehicles. we will look at these three groups, and get some tech support from our friend steve grasso happy new year, steve. first we are going to hear from bob pisani on what we are hearing called the great rotation bob? >> tyler, the rotation is very real today it's happening again we are seeing cyclical stocks, bank stocks, energy stocks, industrial stocks hold up very well the theory here is omicron may slow down, but not derail the recovery that's very positive for the stock market overall what we are seeing, though, is

some rotation in the tech names. this has been going on for the entire week, frankly if you lake a look at the mega cap tech names, okay they are having a tough time, down a bit on the week. but this is small potatoes given how volatile the tech stocks can be what is really happening is the fanatic tech names, shopify block, zillow, twilio, door dash if you put those up, you will see much greater declines here 14 fundraise for shopify, block. just one week, the declines we are seeing block is down 9% for the week. much bigger declines why is this happening? when interest rates rise when you have companies that have thin margins and high p/e ratios, that's what's going on, they are sold off first, the riskiest to own. so you have p/e compression for those companies that make money.

let me show you block. it is a good example it was selling for 90 times 2022 earnings on december 31st. as of the middle of the day here today it went down to a p/e ratio of 79. that's a big drop in a few days. that's a drop of about 13% in the p/e ratio. what's the price right now well, it was down 12.8%. my point here, guys is that the price that we are seeing, the reason it drops, was because of p/e compression. investors are not willing to pay up so much for that very, very thin stream of potential earnings profitabilities when interest rates go up you can go down the broad and look at the other ones out there. block, the other ones out there, shopify. you will see similar declines. that's what p/e compression is about. that's what happens when interest rates go up rather suddenly as they have over the last couple of days. >> bob, thank you for the full discussion of the tech space let's turn to steve.

steve i have got to start by saying i love the urban lumber jack look. i think it is fantastic, man very good. the westchester ax man and it -- >> go ahead. >> exactly and my cats -- you are a cat lover, too, my cats and dogs seem to love it, too it is a struggle to keep the hair off it. i appreciate the complicate. >> let's talk about this rotation is what we have seen, the beginning of something bigger as the fed starts to hike interest rates? and if it is -- if it is, where are the opportunities? bob talked about some of the hardest hit. i assume that there are some companies that you like that are more bull works. >> when you look -- bob did an excellent job covering this. the dislocation, the disparity between value and growth has been for a decade now. so every time you tried to buy value, you get your head bit off. where are you going to go now? the problem is, tyler, is that

those handful of names that keep the market up, the mega cap tech names, if they fail, the market goes down. doesn't matter what you own in value. doesn't matter -- you can stock can go up and outperform on a relative basis but the overall market will go lower. for me, you want to be in diversified chemical names in the value complex globally represented. think about dow, d-o-b smaller, higher beta, tse. i have been talking about that for months wrk, west rock that's are the names you want to be in. that's not to say apple, google, amazon are not going to do well. they are going to take a hit but the problem is, everyone knows all of those names how many times have you been at a cocktail party and someone brought up trinseo unless it's beardall from europe, i am sure you haven't heard of the name. >> nope. haven't.

i think that's a great lesson there. that sometimes unsexy is good. kelly? >> yeah. the globally exposed chemical names is not what i think most of gen z has in their portfolio. some of last years's biggest winners are this year's biggest losers julia is looking at the cloud names. then steve will weigh in. >> the etf down more than 8% over just the past week. wisdom tree's cloud computing etf also falling over 10% week to date with over 1 million shares traded each of the pags two days it is pretty much flat today morgan stanley noting today in a note out this morning that while investors are more concerned thousand about rates than about fundamentals, there are more questions around a possible pull-forward of digital transformation spending into 2021, which of course will have implications on this year.

norgz noting the top five expensive of these stocks are down almost 40% from their highs. data dog is actually trading up today. sorry. had been trading up. it is nowan flat, down fractionally there was news out last night on a partnership with amazon web services which bolstered the stock earlier this morning salesforce, workday, and twilio, after dropping 8 to 12% in just the past week those three stocks are in the again right now and though zoom video, that stock is down about 55% in this past six months, that stock is also trading up about 2% today after trading at its lowest levels since may, 2020, earlier this week. kelly, good the keep an eye on these valuation asks these movers. >> julia, thank you. steve, what are your thoughts?

custom of these names go into your portfolio >> yeah, so bob -- let me go back to what bob said. he talked about p/e compression, margin compression when we have seen in the value complex is margin compression. what we have seen in the tech complex has been margin expansion. and specifically, exponential margin expansion in all of the names that were just covered when you say which of those names go into your portfolio n a rising rate atmosphere, none so you can get a day-to-day bounce if you if we are really in a rising rate environment you don't want to be buying these names. you want to be buying -- if you have to buy tech at all you want to migrate back to the large cap tech names otherwise avoid it complete eor go to the dinotech

kelly -- i just made brian kelly hipper he coined the term dinotech. these are the ibms, or the h hew hewletts, or the ciscos. if you want to stick around tech, that might not be a bad solution. ty >> the other area of the markets where stocks have been priced based on promise and not profits have been electric vehicles. pippa stevens joins us with more. >> stocks for electric vehicles are off the low of the day but under pressure and building on recent weakness. like you have been discussing investors are rotating out of tech stocks with distant profits that includes ev companies there are also valuation

concerns rivian is leading the decline, falling 6% but that's off its session low when it fell nearly 17%. this builds on yesterday's 11% decline after amazon said it would buy evs from the new name of chrysler. tesla, fisker and others are all in the red today bank of america believes these stocks are buying over the long term but will be down over the next three to six months the firm says electrification revolution has arrived and 2022 will mark the year of commercialization for many of the ev start-ups elusive are among the top picks. we are also seeing weakness in charging stocks. all in the red a few names bucking the trend, lucid, nikola, and xepeng.

>> evs are here to stay. steve, what do you like in this area i would ask you to address specifically whether you loike t or not general motors. marry barrawas on our program yesterday. she is making a push into this area with the silverado. >> i grew up with a father who refused to buy anything that wasn't american, tyler i am a little bit swayed in that direction. i own fords. i have a bronco. i own gms. i have the escalade. i think gm definitely has a lead in the autonomous angle. and i think ford -- definitely, the ford f 150 has garnered a lot of the let's call it the attention of the consumer this day and age, and not just the worker this is a family truck now i -- every one up in the westchester lumber jack area is driving around in a ford f 150

and i expect the ford f 150 ev to just -- just jump out of those lots so i think that's okay but specifically to me, i own rivian now, i own rivian based on the fact that amazon -- first, i think rivian has a headstart with actually delivering even if it is a minute amount, that pickup truck i think it is going to be a screaming hit. is the stock going to be volatile of course. it is a growth name? of course it is. does it have growth earnings of course it doesn't it has access to about $20 billion from the ipo don't be crying for this one this one is not going to be hurting for any money. as far as amazon which owns a 20% stake in rivian going with other names, i own other stocks as well.

i own fisker they may need a tiny van and rivian doesn't have a tiny van at this point. >> this is going to be a year where industrials and materials outperform all i am asking is, where might the consensus be wrong because we are hearing everyone putting on the same kind of trades right now >> oh, i am not one of those people that are extremely confident, kelly, even though -- i am never -- for 30 years on wall street i have never been confident. when you start getting confident it is time to hang up the cleats and walk out the door. i always ask people, where am i wrong when i give them my thesis wh where could they be wrong where i think i am wrong i don't think rates are going to rise nearly as fast as people think we are struggling with that 1.75 level on the ten-year. i think that inflation, although it's been prolonged is going to turn out to be transitory. i think supply chains are going the reopen i don't think the fed is going

to be as aggressive as they say. i don't think rates are going to scream through the roof. that's where they could be wrong. if rates don't scream through the roof, we have seen this act before, this play before, the movee always ends with people migrating back to the large company tech, back to the high beta that julia discussed before. >> does that mean that could happen again this time around? >> oh, i think -- i think it is bound to happen this time around because the sexy names aren't the names that people are going to migrate to in the value complex. so all of my value friends, they are geniuses and they know the names to pick out. they know the granularity of the market those stocks can outperform. those stocks can double and triple but the problem is, the mainstream won't buy into those stocks because they don't understand the fundamental story. and we are in a much different environment for the overall markets. so if rates do not go higher, a

lot of this is systemic, a lot of this is technology on an algo base if rates don't scream higher value does not get bought. >> interesting so much depends on that ten-year steve thank you very much. we appreciate it steve grasso, the lumber jack. all right we have a lot more ahead still on the massive rotation we have seen in tech. but first, testing, testing, with covid cases climbing tests are in super high demand despite the cdc telling people not to overbuy. how armecal mpiee dicoans dealing with demand? we will speak to the head of e we will speak to the head of e med about that next. so we're giving every business, our best deals on every iphone - including the iphone 13 pro with 5g. that's the one with the amazing camera? yep! every business deserves it... like ones that re-opened! hi, we have an appointment.

and every new business that just opened! like aromatherapy rugs! i'll take one in blue please! it's not complicated. at&t is giving new and existing customers our best deals on every iphone, including up to $1000 off the epic iphone 13 pro. at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner.

welcome back to "power lunch," everybody. global covid infections reaching a record these days, demand for testing also exceptionally strong they are still hard to get our next guest aims to smooth that process with verified at-home rapid tests. her company also making it easier to receive prescriptions for pfizer's new anti-viral

treatment. joining us now, dr. patrice harris, founder and ceo e med. >> explain how your company works. you are a testing component. you have a component that sounds like e medicine, in other words, using a video platform to get diagnosed. and then to get a prescription for the pfizer answti-covid pil. explain how the company operates. >> first, thank you for having me yes, e-med is a digital health company. what we do is enable at-home testing with verified, validated ruts we work with all the test manufacturers to -- we say e-med their tests. we guide people through taking the tests, make sure they are performing the tests properly. we validate and verify their results. then at the end we send them a lab report it might be negative or

positive and then they can use that lab report for action. of course, knowing is important. i was here at ces today, we highlighted our partnership with object at and united because it is important and required by the cdc if you travel internationally to have a negative test. and we are excited about test to triage you know with these new meditations that are coming on board, in short supply right now, you have to start them within five days so e-med will enable and facilitate early diagnosis so people can have rap i had access to that treatment. >> a couple of quick questions number one, from what you just said i assume -- correct me if i'm wrong here you are test agnostic in other words it is not your proprietary test you are working with partners whose tests you proctor or supervise. am i right on that >> you are exactly right on

that we are test agnostic at e-med. we have had some and do have some testing partners. but overall, our platform has the ability and flexibility to work with all test manufacturers. >> quickly, what do i pay for this service and do you or do your physicians actually then prescribe the pfizer pill? or do i go with my test-certified results to my physician to get prescribed? >> as we think about test to treat -- i am glad you used the word "service "because that's what we offer at e-med, we offer again verified and validated testing. >> uh-huh. >> the patient has the result and then they go to their doctor for treatment. >> i see and the price of your service is >> our service is $25. that's all all-inclusive by the way, that has been the price since the beginning of the pandemic >> i am fascinating by something. i have a son who is 16 years old and spent most of the last two

years in virtual learning. he's doing virtual learning for the next couple of weeks as well you are a psychiatrist and you specialize in children that's been your passion, your work, your practice. i wonder what you are seeing either in your practice or from anecdotal reports about how this pandemic pandemic is affecting children and depression, suicidal ideas and suicide in children. >> we certainly have not been paying enough atepgs to the mental health of the young folks even pre-pandemic. i had an increase of depression, anxiety and unfortunately suicidal'd yags and the pandemic is hard for everyone but particularly for young folks we need to make sure that we are preparing for that making sure there are services available. we do need our children to go

back to school i'm frustrated about that debate we have not been having the appropriate conversations about what to do to keep them in school right? that's getting everyone vaccinated testing protocol just we work to make sure we don't spread the virus further. >> social isolation is hard enough on adults like you and me but on children who are adolescents. the isolation and the loneliness can be a crushing experience i would say. >> it can be a crushing experience that is the time when they are developing relationships outside of the family. bonding and connecting with peers and it's a very difficult time for them. >> thank you so much, appreciate your time today.

>> thank you for having me. ed did good, the bad and the beautiful. three stock moves to know about including a big m&a deal back in a moment new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.

earn about covid-19, whose resumes on indeed match your job criteria. the more questions we have. the biggest question now, what's next? what will covid bring in six months, a year? if you're feeling anxious about the future, you're not alone. calhope offers free covid-19 emotional support. call 833-317-4673, or live chat at calhope.org today.

welcome back time for the power movers. start with lam weston surging. maker of frozen frempl fries with a strong outlook highlighting sales and demand across restaurant channels remaining strong next humana sinking. cutting outloom for enrollment from prior forecast. setting higher than normal terminations this move is dragging down other insurers the clinical work flow provider being bought by striker in a deal valued more than $3 billion. vcra shares up. >> look at the left corner the left corner. >> i see your desk too. >> hi team. >> hi, aj.

we'll give you numbers ahead. ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work.

the wig big theme is a jump to more value name just let's have a look at how that's leaving the hedge funds. leslie >> they have been active

participants as goldman sachs describes it a violent rotation by hedge funds. these institutional investors have been dumping tech stocking at a remarkable pace saying the net selling of hedge fund is largest on record going back at least ten years. over a four-day basis through january 4. the declines are stemming from the dumping of long positions rather than pressure from short selling. goldman is underweight technology by nearly 5%. versus the s&p 500 also the lowest underweighting on record. when analyzing on a factor basis the firm said it leaves exposure at a five-year low and value at a five-year high there's the largest selling in software and equipment names and scooping up names in the airline

space, electronic equipment and containers and packaging equipment. >> leslie, thank you ty, what steve did talk about? globally exposed chemicals >> chemicals and things like that i'm not sure that based on how well hedge funds do to take any solace that they have been selling tech kelly, see you tomorrow. everybody else, thank you for watching "power lunch. "closing bell" right now ♪ welcome to "closing bell." i'm wilfred frost at the new york stock exchange. the major averages may appear calm at the moment but it is a wild day of trading on wall street following wednesday's sell-off. >> welcome, everyone i'm sara eisen look at what's driving the action the focus on the bond market following yesterday's hawkish fed minutes. rates on t