not creating any ads for wall street analysts. so there is nothing come out to pad the market. >> fair enough it has been a difficult little stretch for them we thank you guys for downing us today. mark douglas and dan gallagher talking about the growth troubles for both peloton and net flick. that does it for "the exchange," everybody. "power lunch" six things up right now. celleer, thank you welcome, everybody, to "power lunch. i'm tyler mathisen here's what's ahead to wrap up a busy week. bubbles bursty, from crypto, to high growth, to spaces, speculative parts of the market are deflating, and fast a. seasoned trader weighs in and tells us who to expect for plus, netflix nose dive, plunging more than 20%, largest single day percentage drop since 2012 a top analyst will tell us what

the company needs to do to turn things around and stay competitive. is washed out stocks our market watcher did some dig asking found a list of names that he says are oversold. and kelly, worth watching now. >> tyler, thanks it is a crazy market day again on a crazy week. it could be an even busier afternoon. let's start with the dow down 200 points. off session lows the s&p down 44. the nasdaq down more than 200. and it is below 14,000 it is about 14% below its november peak and it is having its worst week since october of 2020 it is being dragged lower by netflix, as ty just mentioned. look at peloton, bouncing back from yesterday's steep decline, up 15% amazon is back below $3,000 a share for the first time since march of 2021. the stock on pace for its worst week since july. ty. >> kelly, as you mentioned the nasdaq is more than 10% off its recent high. that is in a correction. but some of the more speculative areas of the market are off a

lot more than that we have got delando sapporo founder of new street advisers to tell us if there is value here if they can find that those stocks fall even further we will look at some of the speculative names in cryptos, spacs, meme stocks, and more we have reporters on each of those groups beginning with kristina partsinevelos on the momentum names often associated with cathie wood >> we have to talk about the downward momentum for my growth stocks kelly mentioned the nasdaq teetered below the critical level of 14,000 and past the two-day moving average will it get worse before it gets better netflix plunging disney, the worst dow performer, and roku falling between 5% and 7% for these stocks. music streaming -- spotify down 4% apple faring a little bit better

than the best. but peloton falling to its lowest level since march 2020 with the ceo writing quote we need to evaluate our organization structure and size of our team. not good news for employees. but upgraded to a price of 40 dwl by stifel. we know the arc etf is never spared it is experiencing huge outflows that are putting more pressure on the etf, trading pretty much 50% lower than from a year ago some of its core hold, like zoom, teledoc tesla getting hard you can see it on the screen right now. cathie wood trying to stay optimistic this monday she said in a speech markets are irrational and we are going to see the turn sooner rather than later. >> some of the companies have bad stocks but good business just before the top of the hour a guest was saying there are

lots of people in the business world who would love to have the product peloton has, would love to have the number of subscribers they have. what do you think of these stocks generally >> generally, thank you for having me, tyler, generally you are certainly right. there are a lot of stocks that are going through a lot of overcorrection and a lot of still strong businesses. but i do think some of it is warrant. cathie wood takes the brunt for a lot that maps happens when the high growth stocks go down, that's because some of her holdngs are highly concentrated in those areas if you circle in on some of them, pull back the charts, especially with a name like tesla, there are stocks that perform well over that time. peloton that's different we have been out of that stock they have subscribers, great content, but it is a fit on product which needs demand i think when you see that demand wane a little bit you get worried about where the stock goes going forward but i do think, you know,

overall, the sentiment is a good test sponsor especially younger investors when they are thinking about if they are overconcentrated in certain names just because it may be a hot name at the moment the kristina partsinevelos, a lot of the companies that you listed there have in common the fact that they were given a boost by the pandemic i am thinking of zoom. i am thinking of teledoc i'm also thinking of peloton but zoom is going to be with us -- zoom has transformed the way -- not that there aren't competitors, but it has transformed the way we gather. >> right, maybe we can look at it differently is what you are alluding to. >> yeah, uh-huh. >> teledock is off 75%, roku off 67%. a lot of the stay-at-home stocks did well during the pandemic has their time come? zoom, there is opportunity for growth they have conferences they want to move into smaller chat rooms there is expansion there peloton, though, i don't know, isn't that just a bike with, what is it an ipad on the screen

right now? is that going to be a potential takeover for i know we talk about apple but for any other major corporations there is still a lot of questions. >>cally. >> a bike with an ipad. >> i know, that's cruel. >> i don't own one maybe that's why i am bitter. >> tyler, he's all over it let's turn from some of the momentum stocks to something very similar, which is the crypto space, where bitcoin is below 40,000 and the stocks that follow the cryptos are also getting hit dom chu has more. >> while the stock market is talking about corrections, and the nasdaq as you pointed out, bitcoin investors, investors, hodlers are past corrections in bear markets that's because since hitting record highs in november we are now down 40% plus for bitcoin according to coin market cap at highs, bitcoin was worth $1.27 trillion, with a t, in market value. today it is closer to $137 billion. if you want to think about it in terms of stocks it is like it

lost an entire nvidia in market cap or two disneys during that drop now that's translated into even bigger losses in some of these smaller cryptost in the market you think of ether, which had a bigger run-up and surge in the past year than bitcoin has as well as ripple or solana or dogecoin you all name them. they are all much smaller than bitcoin. that's also having a direct effect on certain stocks micro strategies, since the software maker owns bitcoin on its balance sheet. trading platforms like coinbase and robinson down as well as you can see there. as are payments providers like block and pay pell that help enable crypto transactions kelly, this is very much about an ecosystem-type trade. everything moving lower in sympathy, bitcoin, the center of the universe, the biggest mark cap by far. >> the bellwether, the dow of

crypto del anno, what's the right price here to what extent are you involved? >> still very involved i think the right price -- i think this is an taun for longer term investors to get in we keep seeing the floor rise. six months ago we were at a low point in the crypto market when there was a pullback and correction each time the floor is rising. investors right now should take this opportunity to see if this is a great opportunity to put cash into this area. here's why adoption by institutional interests are coming in. twitter is now adding nft capability that's happening the macro off risk environment is hitting these areas but there is still new people, new clients interested in this area. it is still very fresh, very new even with a lot being taken off. >> dom, are there any levels to

watch at this point? >> gee already blew by some of the key levels that were the fall lows in bitcoin prices. if things fall further, it might present a buying opportunity, if it is going to be a buying opportunity is an opportunity for a lot of investors who are new to the market to do more fundamental research on what these particular contributions and what their associated blockchains are all about. bitcoin is different than ethereum, see here yum is different than solano, sol lanoi different than internet computer a lot of them are going to have a reason, a price perspective for people to start paying attention. if you are wondering if the downturn leads to more fundamental research into what that's cryptocurrencies represent. >> let's to another somewhat more esoteric area of the market, that would be spacs.

let's bring in leslie picker. >> spacs a by-product of the times they are existing in think back to a year and a half ago, the spigot opened here, money flowed into these vehicles managers sought to get rich quick n. a low interest rate environment the deals kept coming today, rates are rising, many of the spacs have unravelled, as others facing massive redemptions. those seeking merger partners are under water. an index of some of the largest companies that recently went public via spac are down 59% over the last year, declining about 3% today alone but perhaps the biggest hurdle is getting the deals over the finish line. there are over 500 spacs still searching for deals in a limit of pool of targets against a volatile market backdrop others have fallen apart recently, like collin kaepernick's backed deal for changeco, and pioneer's deal

with acorns, backed by nbc universal. however, 21 new spacs still decided to go public this year according to spac insider, about one fourth the level of all of january last year. a sharp slowdown in pace i think experts are surprised deals are getting done at all. >> delano, how do you think about these spacs? is there more money than good target deals to be made? is that the fundamental question we need think about? >> i definitely think that is the fundamental question we need to think about if you are looking at this from a macro perspective, there were plenty of deals happening obviously during the boom time younger investors just want to be involved based on a name or based on different things. i am not here to be a moral authority on it. but fundamental research needs to be done on every spac, on every company that you are having a reverse, an ipo or

merger into. i think many of these companies are strong businesses underneath, but i do think there was overflow and exuberance going on in that area of the market. >> how about short interest in spacs? are these targets of the shorts? >> it's a good question, tyler largely they have been kind of spared from short interest in 2021, surprisingly so different the trajectory of where the stock prices have been however, just during this segment i received a brand-new research report from s 3 partners they say total spac short interest is now $957 million, almost $1 billion. and they have seen an increase of over $100 million over just the last 30 days alone the largest short interest for a spac is digital world acquisition corp. which is the spac that is looking to acquire trumped planned media and technology company they say short interest there is about 13% of the float, about

$300 million guys. >> investors are shorting the former president's company >> they sure are, more than any other spac out there. >> all right kelly. >> we are now checking in on the meme stocks. it has been about a year into meme mania some of them have come down substantially. others remained relatively high. frank holland has the latest. >> just about a year after game started the meme stock movement the diamond hands some to be turning into paper hands today the most talked about bets last year now deep in the red year the date remember, this movement was born in the lockdowns of the pandemic when people had two things they don't have the same of now free time is one of them, a big one. 30 day moving average of each of these stocks has fallen dramatically from its 52 honestly week high

another factor was stimulus during the pandemic. it fueled the gameification of investing. many have taken their game to things that are slight had he more sounds, crypto. today the most talked about stock on wall street bets -- netflix. >> haven't times changed delano, gaip still around $100, well down from the highs what would you do with that one, or anything else in the group? >> i think, you know, for the people that were in these stocks early on and hopefully took half the table when we saw the biggest boom of these certain names. i think right now, i haven't been an investor in these areas, i think right now you want to look at it from fundamental aspects. the exuberance of being a meme trade and liquidity is pumped out of the market. now you are going back to a little bit more of the

fundamentals i think what happened during those times to draw investors, net positive was all a positive thing. i hope it doesn't take people away from investing in the market, especially younger investors. but you want to see this as a lesson, and obviously what happens in the market. i think a lot of the younger investors are seeing corrections happen this is not something new. they are seeing more of orb but now you can look at the fundamentals of the companie you are investing in and make sure it makes sense for you long term. >> frank, what is the ratio in the market relative to a year ago. >> i don't have those stats but it is significantly down when it comes to the meme stocks i just showed you the trading volume the question is is there anything else that could capture the interest of all of tees meme stock traders. warren kitty galvanized them amc captured attention but is thering in else that can get the attention of people who are now a bit more distracted by

their actual job, sports, sports gambling, or the ability to go out and do what they want to do. central motors, ticker cenn, it is aling wayand swimmer compan that just turned into an ev maker. >> it is a lingerie and what kind of company? >> it was -- tyler, trust me it's hard to full. it used to be called naked, ticker nakd. >> okay. >> they acquired an ev maker, and now they make evs. i believe they still sell lingerie and swim area, though. >> okay. >> a lot to follow. >> the former name is catchy, naked. i guess. >> from, thank you very much delano, we leave on that note. great to see you appreciate your time today. >> thank you, tyler, i -- >> go ahead. >> thank you, i appreciate you guys. >> we appreciate you, too. leslie and kristina partsinevelos, we thank them dom -- who knows where he has

gone but we thank them all. >> most of all we thank frank for the story of naked. >> yes. coming up, needham lauren more martin has been warning of the challenges for in the flicks she reit rated her underperform valuing aon the stock. and tells us what to do now. plus, heap stocks, buyer beware. a look at the worst performing stocks for the week -- goma dne aldn,isy,nd boeing back in a moment 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.

all right. welcome back to "power lunch." a horror show for netflix shares the stock down more than 20% today. the company admitting that streaming competition is eating into growth. our next guest has been warning about the challenges facing netflix, including growing competition, higher content spending, lower operating margins, and says there is one thing net felix could do to drive revenue growth and add subscribers. with us is laura martin, senior internet and media analyst at needham. let's not bury the lead. you say there is one thing netflix could do to juice revenues, grow subscribers and get back on the growth stock trajectory what is it >> it's adding an advertising tier, just like every competitor of it hags it is lowering its total addressable market every time it

raises prices. i just raised prices here in america $2 for every single tier that lowers the number of people who can afford netflix it is insensitive to the consumers in this country when they have choices of free for peacock, $5 for disney+, discovery plus, paramount plus like, there are a lot of cheaper services that have great content. and so netflix needs to introduce a lower priced tier to grow again. >> how -- when you are talking about ad-supported, lower-priced, how -- one of the things people like about netflix is that there are no ads how many ads are we talking about here >> rich people like that but i would say a lot the country would prefer to have a $5 -- like a four-minute add load, who would be eight adds an hour, like discovery plus has, and then that's a big savings

from $15 to $5, when the consumer invests some time watching ads >> disney spends as much as anybody, maybe more than anybody else are you you go to issing they are spending to much or do they have to do that to maintain the buzz, the edge that they have with viewers >> i think what the anemic subscriber growth showed in q4 where they added 8.3 million subs down from 8.5 million subs a year ago even though introduced 150 originals, their biggest content slate in history, what that demonstrates is that the competitors are making inroads just spending money on content is not enough. by the way, recall that squid games came out a week before this quarter started yet their biggest hit of all time was not enough to have them

add more subscribers this year than last year content spending is no longer enough and this company keeps spending more on content while spet torres are taking their subs away sfoochlt really interesting. really interesting kelly? >> laura, i am curious if you think they should have gone into sports andn retrospect or if that would still be a good opportunity for them to pursue now? >> so, yes, kelly. i agree with that. i think you are either a content -- a go to content app for consumers or you are not the notion that you are arbitrarily going to decide we only do tv and film and we are not going to do news, which people care about. we are not going to do sports, which people care about. i think it is a flawed notion. they are either competing in content business or they are not. by the way, peacock and paramount plus both have sports and awesome libraries that are 50 years deep. eventually, netflix becomes a smaller and smaller portion of people's time because once you are watching a sport why not

just stay there on peacock or paramount and koch some of their content there. >> is netflix still a growth stock? if it isn't, how do you value it >> it is not a growth stock. the answer is it is a media stock. it does not deserve the 8.3 multiple it was trading at yesterday. it deserves a 475 multiple where the disney company trades or 2.1, where viacom and discovery and fox trade. it should trade like media company and not like a faang, not like facebook and google -- >> if it were to trade at that media company multiple, it's $400 a share now, what would it trade ott? >> under $300. >> laura, you answer questions i love that. thank you. >> thank you for asking excellent questions. >> thank you very much. >> amen. ahead on the show, crumbling under costs. infrastructure-related stocks losing gains ahead of their key

earnings we will explain why. plus bargain hunting, wolf research is breaking down a list of oversold stocks wthor watching we have the names, when "power lunch" returns

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welcome back i'm rahel solomon. here's your cnbc news update at this hour. the justice department says that it will appeal today's ruling by a federal judge that blocks president biden's covid vaccine requirement for federal employees. the judge said that given the supreme court's recent ruling against the vaccine requirement for prooirt private employers it is in his words a bridge too far to force government workers to get the shot it is noted 98% of those employees are already vaccinated. a texas private school is asking parents to become substitute teachers so it can remain home because so many of their regular teachers are staying home because they or someone in their household has covid. >> one mother says she raised her own children and now she is interacting with ten to 12 more kids than she issed used to. and she says it is a lot of juggling. this mother is only responsible for her two

offspring and they don't seem to have problems keeping themselves amused a. german zoo released this video of twin polar bear cubs when they were born, they weighed 13 -- just one pound each and now they are 13 poundseach >> amazing they are so small, coming from a large mammal. >> big boned, not large, tyler big boned. >> big boned i love that. rahel, thanks. there they are you can't watch enough bear videos right. >> all right now time for your etf tracker. this time we are going look at metals etfs which had net inflows of $240 million this week as bitcoin tumbles it no longer seems like an inflation hedge.

people want the safety of hard assets, things they can touch. our next guest has a name so long it does not fit on our scene but the aberdeen pal palladium -- can we go back, i want to read it again. a.m. aberdeen standard physical palladium etf, up more than 12% in a week. another one. granite shares platinum shares great -- granite shares, one word and invesco db silver fund i wonder what db stands for. >> they need some simple letter monikers ahead on "power lunch," with volatility in high growth stocks, investors may want to flee to value.

but our next guest says not all of these names are safe bets heel explain after the break the last thing on my mind. hey mom, can i go play video games? sure, after homework. thankfully, voya provides comprehensive solutions and shows me how to get the most out of my workplace benefits. what's the wifi password again? here...you...go. cool. thanks. no problem. voya helps me feel like i've got it all under control. because i do. oh she is good. voya. well planned. well invested. well protected. at fidelity, your dedicated advisor will work with you on a comprehensive wealth plan across your full financial picture. a plan with tax-smart investing strategies designed to help you keep more of what you earn. this is the planning effect.

90 minutes left in the trading day.

we want to get you caught up on the markets, stocks, bonds, commodities, the whole ball of wax. is it buyer beware when it comes to the value trade let's begin with mike santoli at the nyse >> the s&p 500 is sort of near the morning lows it hasn't done much since 10:30, a couple of failed rally attempts that low also reflected the s&p 500's 200-day moving average i wanted to compare it today to how apple shares are doing of course the largest stock in the s&p. valiantly trying outperform on the day. it has not really been caught up in the post netflix flush lower of a lot of the bigger tech stocks at least for now. it is apple, 10% off of its highs. the nasdaq composite hasn't been slowed by anything much on the downside people looking a the 200 day average, left that behind. the 14,000 mark was one that people thought could maybe hold things together for a little while. not happening just yet up only 3% on a one-year basis

a lot of the smaller stocks being liquidated there. growths about value stocks offense versus defense the financial services spider relative to the consumer staples spider staples outperforming right now. the first couple of weeks of this year the financial spyder was up 6%, at a record high. given all of that back clearly a defensive turn in the market we will see if it culminates with some kinds of a trading low. >> mike saying the nasdaq composite up 3% over the past year the bond market, yield curve flattening, yields slide to the lowest level of the week rick santelli is tracking the action >> tyler, it is fascinating because we all know that the equity markets, nervousness translates into buy forth the treasuries this. week is no exception if you look at the we can in two years, you can see the way it has made its lowest yields of the week today the same is true for the

ten-year the only maturity, though, that's actually higher than last friday is the two-year last friday of course it settled at 97 basis points right now it's hovering around 1% all the other maturities not only made their lows today for tuesday, wednesday, thursday, and friday, but they are lower than last friday and when we think about the yield curve continuing to flatten when prices are going up and yields are going down, that's called a bull flattening and you can see twos to teps are near 13-month flats. 75 currently 72 in december we are three basis points away but all other combinations threes to 30s, look at the twos to 30s chart, 107 at a 20-month flat that's very important. because the nervousness in equities translates into flatness in yield curve due to the short maturities closely tied to the fed. bunds, basically the highest

weekly close however, even though it traded above zero two days, wednesday and thursday, it has yet to close in positive territory since may of 2018. >> what does a flattening yield krve say about the future of the economy usually? >> it says that the fed is going the try to leverage rates higher to control inflation the way that shows up in the curve, it is saying that -- the longer maturities are saying at some point they may have to ease because in order to slow the inflation down by raising rates they may slow down the economy near or at recession levels. >> rick santelli interesting comment there. remember that point. oil closing for the day, for the week, pippa stevens, she is still open at the commodities desk. >> oil in the red again today managing to close off the worst levels of the session and still in the green for the week for a fifth week of gains.

wti down .6% at 85.05. brent crude at 8$87.80 for down .5% and energian stanley is the latest firm calling for triple digit prices they see brent hitting $100 in the third quarter thanks to what they call the triple deficit of low inventories, low spare capacity, and low investment the call comes after goldman sachs said earlier this week they also think brent will hit $100 by the third quarter. maybe guys, fill up your tank now. >> seriously and then some. the last time our next guest was on "power lunch," which was a couple weeks ago he named goldman sachs as a stock to avoid. since then, goldmanman is off more than 9%, one of the worst performing stocks this week. now he says it is time to fade the value trade and is naming names. let's bring in michael cantor.

on the goldman front, are you still getting sell signals >> yep, that one a few months prior we talked about disney also being on the list both are still on there. >> remind me -- to the extent you are share, what are the triggers for candidacy on this list >> too complex to talk about in 20 seconds on tv but it is generally looking for fundamental attributes that investors typically shy away from at this point in a cycle. so just deteriorating fundamental data relative to their peers. we are looking for companies that are going to underperform their counterparts that's what we are beginning to see in companies that have these types of attributes. >> interesting let's talk about a couple of other names that concern you and why are you telling people to be a little wary of piling into the value trade right now >> yeah, well, you know, a lot of people have seen values done quite well in the first few

weeks of the year on a relative basis. that largely due to the increase in bond yields this year and lot of people are looking back to last year when he had a similar move in value leadership but that was for a different story. that was on the back of all the vaccine news, reopening, a big surge in earnings expectations and economic activity. that also came along with a higher pickup in bond yields this time around it is about concerns about inflation, concerns about fed tightening i think we still have four rate hikes priced in for this year, quantitative tightening as well. those are not necessarily feel-gooed good things for the economy or for investors our point is here that while a lot of investors do expect bond yields to move higher as we get closer to the first rate hike from the fed, we don't think that will create a rising tide that will lift all boats we would urge investors to be extremely selective in value stocks this is really not the part of the market cycle where you want

to be having a huge tilt in value in your portfolio. >> very, very interesting. the mere fact that goldman is a name at that wouldn't be attractive here, wfc, is that wells fargo, is that another one where you see the same signs. >> sure. >> on one hand it makes sense, it is up 70% in the past year. but this is the one name that could perform well in these conditions. >> one has fallen into our model as well. there are different metrics, valuation, financials that are flagged capital metrics. again, we continue to move along in this market cycle the bull market is going to be almost two years old when we get to march this year we have had a lot of good economic surprise inside the last two years and now we have to pay the piper. so we have got federate hikes, potential for legislation coming from d.c., potential tax hikes,

we have geopolitical risks that are rising so there are not too many positive catalysts on the horizon that can offset some of these concerns that investors are worried about today. >> can the market overall if we take the dow or the s&p, can it still rally? what are some of the names that you think are a buy here >> yeah, i think, you know, one of the silver linings of the first half of this year is going that covid turns from epidemic to endemic in the united states and some other developed economies. and that this will be the real last wave that really negatively impacts economic activity. what that means is that the concerns around inflation and supply chains will start to cool off a bit. and as we start to see that, investors start to discount that, that means that maybe we won't need so many rate hikes from the head. maybe interest rates won't go up so much. maybe corporate margins won't go down so much so that fear starting to recede

a little bit i think is going to be one of the bullish stories for the first half of this year despite the market obviously having a pretty weak start to begin the year so there are a couple, a bunch of names that we look for. we are not really looking into get into the debate about value versus growth. we want of want to be right in the middle we want to be balanced at this point in the cycle and looking for companies that have positive earnings momentum and are not too cyclecally sensitive or take -- too defensive. names like raymond james financial, auto zone, even home depot in the housing space, consumer space, are names that rank attractively looking at those metrics. >> two out of three, with the exception of raymond james are positive today in what has been a very difficult tape. michael, thanks for checking in with us. we appreciate it, michael cantor. coming up, optimism around infrastructure names inwaning as infrastructure and d.c. gridlock worry investors.

we will look at which names are most affected next

another big week of earnings next week. big industrial names including ge, 3m, and caterpillar are set to report. let's bring in seema mody for look at how those stocks are setting up going into those results. >> the announcement of the bipartisan infrastructure deal back in november initially sent construction and industrial-related stocks higher but those gains have recently faded. pave infrastructure etf is down about 8% since then. martin marietta, vulcan materials down 6%. united rentals, seen as key beneficiary down 20% this despite updates from the administration on funds being carved out for products related to repair of bridges, the modernization of dams and the restoration of the everglades in florida. amielious research says the lack of clarity around capital

deployment and when orders will be put into place for major industrials, plus new fears around inflation have kept investors on edge. that's why the commentary from ceos of general electric, caterpillar, among others next week will provide a much-needed gauge on where discussions stand with d.c how these companies are building their inventory levels making contingency plans for the eventual rollout pricing power will also be key nearly every industry has raised prices wall street is betting on multiple price increases to be unveiled this year. still to come, washed out stocks a volatile start to the year with growth names taking massive hits this week are any oversold and which could be worth buying on the dip we will discuss that next. inner voice (kombucha brewer): as a new small business owner, i find it useful to dramatically stare out of the window... ...so that no one knows i'm secretly terrified inside. inner voice (sneaker shop owner): i'm using hand gestures and pointing...

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welcome back stocks are near session lows nasdaq pushing into correction territory but the next guest says some names may be oversold and a few stocks investors to put the eyes on right now. joining us is chris sanyak

welcome. you have got your eyes on what you will call special situations stocks it's a phrase that i haven't heard in a long time remind me what they are and where you find them typically. >> yeah. hi, thank you for having me on special situation stocks are stocks with catalysts upcoming whether an activist situation, a spinoff, a breakup or sum of the parts type story where there's a known event to occur and typically they've performed quite well they also tend to be value based which is what we have been recommending to clients in this type of market. >> you think this choppy tape situation favors them. i gather what you did and looked at the universe of special situation stocks and on the technical basis of relative strength or ones oversold and found four names am i understanding your

methodology correctly? >> indeed. we looked at which ones are most washed out and went through the larger list to figure out which are jove sold where the fundamentals are quite good. >> give us the names. >> we had a few. domino's pizza bosh health. bath and body works. spx corp >> let's talk about a come of the ones that i'm natively familiar with. what about domino's pizza? >> it is a growth stock. has great unit growth and caught up in a sell-off and trades at the five-year historical

valuation. on top of what could be another 10,000 units internationally so you're buying a stock with a runway of growth adds historical five year average multiple. >> bed bath and body works is not the lingerie parent but the other part. >> l brands spun off victoria's secret and this is bath & body works and been a beneficiary of the pandemic the al go rhythmic is good it trades at a ten pe forward multiple eight times ebitda for a business to grow in the low teens we think. >> merit medical systems

>> that's an activist involved pubbing for changes. attractively valued. mid cap type name and an activist is watching the company and i think will push through change. >> pizza, candles and medical devices to highlight there thank you very much. >> thank you. >> kelly the nasdaq 100 stocks holding up as the index sells off. more "power lunch" right after this and interactive charts to give you an edge, 24/7 support when you need it the most. plus, zero-dollar commissions for online u.s. listed stocks. [ding] get e*trade and start trading today. never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers, plus some of the lowest options

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it nourishes and strengthens my joints for the long term. osteo bi-flex, plus vitamin d for immune support. welcome back we have been talking a lot about the stocks on the nasdaq 100 super struggling there are a few holding up let's talk to dom chu about the bright spotteds. >> there aren't so many and focusing on the largest cap ones like apple and microsoft and amazon and google parent alpha bet but those that stood out stand out on the s&p 500 more defensive oriented names like consumer staples and utilities. we have looked at those hitting 52-year highs in the last month and are now currently still trading within 3% of those recent highs only five stocks in the nasdaq

100 fit the bill these are the five names monday less. pepsico. american electric power. exelon and keurig dr. pepper they're all consumer staples and utilities names. more geared to the defensive tilt as you take a look at the nasdaq 100 stands out it stands out more because we refer to the nasdaq as a tech heavy index and talked about back to the dotcom era but the nasdaq 100 is tech heavy because if you look at technology and communication services make up roughly two thirds of the overall index and the tech heavy nasdaq. >> snacks and utilities. the places to go ports in the storm thank you. we'll see what the last hour brings. >> a wild hour yesterday of

course with the big sell-off there. now the dow down 368 >> here's your stat from bespoke. worst month for the last hour of trade since 1987. >> what a way to tee um the "closing bell" for the last hour of trade it starts right now. how cheerful thank you. kelly and tyler. welcome to the "closing bell." i'm sara eisen and it is a fitting end to a very rocky week here on wall street. major averages all over the map. currently sitting at the worst levels of the day. down 2% on the nasdaq. almost 7% for the week. >> good afternoon. i'm wilfred frost. have a look at what's driving the action pulling down other streaming names with it, the stock could