multifunctional use without expanding the footprint. when you expand that real estate can be costly. >> the bed in the background is the cringey thing of zooms and makes us feel unprofessional. >> i sleep when i see a bed. >> sometimes on the laptop in bed the zoom that does it for "the exchange." "power lunch" starts right now ♪ especially if the bed is unmade, of course. welcome to "power lunch. what's old is new. what's new is old. the disruttive players in payments, retail and energy going down and the shares of the traditional names are surging. crude price spike. the world east oil producers

stick to the plan and could mean triple digit prices for oil. we'll discuss it and the silver lining in this market sell-off happening. higher today obviously but for the month, last month, that is, it was down. a market vet will tell us what he's buying now. >> stocks are on track for a snapback the dow up 140 s&p up 30. nasdaq trailing up 34. alphabet is leading the tech gains with amd with strong quarterly results. alphabet up 8% nat gas prices are racing higher on a cold weather snap we are up 29% on the week with the 16% spike. a first of its kind partnership of ford and sunrun will allow the lightning to power homes in

o outages. both stocks lower despite the news ty thank you. as the markets had a shakeout recently some sectors flipped on the heads. what is old is new again and what was once hot is kind of old news look at the payments stocks. the credit card companies. all up nicely over the past three months there's the new gains. new ways to pay down at least 40% in each case after paypal's down big today after the disappointing results. let's bring in chief portfolio manager at mai capital management we'll look at payments first and shopping stocks and finally energy i know one of the things to point out, chris, it is not necessarily that the businesses are bad but that the stocks that

have gone down have been unwinding maybe unrealistic values. >> i that's right. this is quite healthy. and i think what's happening is that you are getting in a speculative market with lots of stimulus you get companys that have great forward looking business models and didn't deliver and bid up and the old guys are left behind and that air is coming out of that bubble and i think it's a healthy thing. >> look at the payment stocks. all higher is that a continuing trend is it going to continue or has most of the washing out been washing out for paypal and block known as square. >> i think we have to go and the reason is i like to say now that we're in a jerry maguire market. it is show me the money and last

night paypal couldn't do that and visa and mastercard did that they're the juggernaut i remember when visa and mastercard were new on the block but now they're powerhouses. even though pay it is pal is down the forward multiple is not still super attractive and more expensive. >> you think it could have downside there's retail interest in the stock. most active on fidelity. what would you say to them coming in on a stock from 310 to 130 getting a deal >> be careful. at 310 it was expensive. i'd ask them to read the

transcript of the earnings call. the management didn't have the ducks in a row there's miscommunications with the street over the last quarter. scramble to correct those. i think what we are seeing is a company that doesn't quite have its act together yet and not sure where the bottom is and i would wait until things settle out. >> you look at the lights of kohl's bed bath & beyond. gap. up over three weeks. threadup, rent the runway down. >> we are seeing multiple compression. the sexy ones have good business models and not delivered yet and still could. but what i'm seeing in retail is different than payment and the w winners were so beaten down and a great way to make money when something has to revert to the mean and make a terrific return

and seeing in retail i would warn investors this may be about the eighth inning bricks and mortar have a place but i would n't say up and coming and displace but earned back what they lost already. >> very interesting. i should note with the declines these are barely billion dollar market caps anymore. i would love to know how they raise relative to the private fund raise on the old-school names to the point about being late we spoke with an analyst last hour thinking the profit margins contract for everyone except maybe the discounters. >> sure. even those are not cheap anymore. so what i would say is just be careful an endo the homework and this isn't a trend visa you can project three to

five years out and much more difficult for kohl's and so much will depend on consumer spending that i think we have had a post-covid return to stores and grandfather tough numbers in. >> big oil and solar does it continue >> i think so. this is my favorite of the three because energy is actually quite difficult to pull a lot of hydrocarbons out of the ground effectively. they have proven is that there's the sexy solar and wind companies over here with a greater share as the years move on and can't go there yet in size again we are making money with the companies coming back to the mean but unlike the retailers you have a tailwind of higher oil

prices and something that continues as inflation continues to be a problem through 2022 i think there's no school like the old-school on energy and will continue to play that. >> the interesting thing is to put it in the context where the energy sector did so poorly. these stocks are not at the market caps they once were it feels like this is a counter trend move within the larger trend. how long do you think energy plays can work here? for the duration of this year and next or could the reckoning come sooner than >> it has some legs. we know by 2030 exxon isn't going to be as large as it is now and i remember when oil was 30% of the s&p. >> 2008. >> right a secular trend here but in the

meantime boy you have tons of stimulus, inflation, a shortage because they haven't drilled holes in a while and add up to a play but i think goes into 2023. >> thank you very much for the analysis here. we appreciate it. meta shares up 20% over the last year. amazon is down which is a better buy? plus, did the market go from overvalued to undervalued our guest says yes and is finding opportunities in the big shift. heading to break, the names hitting 52-week highs in today's session. stay with us oh, we can help with that. okay, imagine this. your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, like asap!

so basically i can pick the right plan for each employee. yeah i should've just led with that. with at&t business. you can pick the best plan for each employee and get the best deals on every smart phone.

welcome back to pro"power lunch. i'm dom chu. twitter and snap under pressure after a stronger start to the week for those social stocks are not immune from the volatility with all three trading at or around 52-lows as recently as this past week the parent of facebook bucking the trend today ahead of the earnings report after the bill today. we'll bring you the numbers when they cross this afternoon. >> well'll continue the conversation right now about

social and meta. meta out with earnings after the bell amazon set to report tomorrow. these two will follow blowout results from other tech favorites. our next guest sold meta a couple years ago and sticking with amazon. jason ware is a partner at albion financial good to see you. why did you sell facebook and do you have a more or less favorable view of it today awaiting the earnings? >> good afternoon. we sold facebook a couple years ago really based on the cultural crisis we saw developing they had a number of internal issues across whether racism, hate speech. outside of that things like cambridge analytical and i believe it was our own organization around the same time published an exhaustive

piece of the probables of the culture at facebook basically discouraging dissent among employees and a signal to us perhaps the best days of facebook were behind it and could get the same exposure through the investigationment in alphabet and google and we have been largely happy with that trade. i think they recognized some issues to be sure and takes a long time and more than lip service and money to fix the issues at facebook so we see -- we can get the same type of secular growth in digital advertising with cloud without having to take on the problems of culture which facebook is still trying to work through. >> this isn't about me or my impressions. i'm not on facebook but a very effective tool

what i would worry about for selling and communicating and things i would worry that younger people don't use it. maybe instagram and what's app but increasingly they are on other platforms. let's move on to amazon which you like despite the fact that the stock is consolidating or hovering like a foreign spaceship for a long time. >> yeah. we continue to like amazon it is consolidating for 18 months the per share fundamentals of the underlying company continue to do quite well revenue up around 25% over the same period of a side long pattern. the valuation on the stock is on a price to revenue basis i think that's the best way to

look at it meanwhile the company continues to fire on all cylinders we expect a big number in the quarter. prime, probably a price increase of prime and might add $8 or $9 to earnings alone this year. it is cheaper. i would go out on a limb and call it cheap based on the intrinsic value. >> apple doesn't guide anymore google doesn't amazon typically a quarter at a time is this a help or a hindrance? >> yeah. it is a really great question. we see it as a help because our view is that investors need to focus on the long term and often

guidance can be a bit of a distraction for the long term minded investor. i think we find the signal in the noise and not paying attention to three months and focus on the next three years. not anyone is as well versed to control themselves i think the lack of guidance can be a help. that said i don't think public companies should restrain themselves from giving some kind of outlook or understanding to the investment community about the business is doing. it's a bit of a mixed answer i recognize that but i think overall pairing back guidance can be a good thing. >> the cloud has grown a lot are the greatest days of cloud growth behind these companies like google and microsoft in the cloud? >> yeah. as far as growth rates are

concerned. i think it's a thing of the past and doesn't have to continue you need to have the appropriate expectations and growing between 30% and 40% as we shift from the early gains of cloud into the middle innings is a great gain we celebrate those and think they can continue for thor in term. >> thank you always a pleasure to have you with us. what lessons were learned from the recrept volatile and where are the new opportunities. new reports of fraud in the etf market we have details ahead on "power lunch.

welcome back i'm rahel solomon. at the white house in the last half hour president biden relaunched the moonshot initiative of cancer he hopes to cut in half the cancer death rate over 25 years by coordinating the government's efforts. looks like a telephone call between british prime minister

and russian president didn't do much to reduce tensions. johnson's office said he expressed the deep concerns over action the kremlin said that putin said they're saying nato is not doing enough. canada's conservative party ousted a leader. back here at home thousands of new york city police officers gathered today for the funeral of wilbert mora who was killed after responding to a 911 call last month you're up to date. back to you. >> incredible to listen to thank you. let's get to the power movers starting with ch robinson on pace for the worst day since

october 2020 after an earnings miss next is brinker moving higher parent of chile's. shares have been struggling and popping today. finally take a check on the chinese tech names the kw webb set to snap a losing streak. all right. ahead on "power lunch" $100 oil? opec plus meeting but not coming a new agreement. high prices, strong demand would suggest it's too maime far incre celebrating black history and features contributor here's greg branch with advice for future leaders. >> i like to remind the current

and future leaders those of you who have shattered ceilings and kicked down doors is that the community needs you to stay vocal, visible and involved. your very example can help broaden horizons and aspirations. hearing how you got there is ingender the discipline needed to take advantage of today and tomorrow's opportunities ♪ ♪ you can't buy love.

or peace. you can't buy security. you can't buy happiness. you can't buy confidence. but you can invest in it. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. invest with confidence. this... is the planning effect. this is how it feels to have a dedicated fidelity advisor looking at your full financial picture. this is what it's like to have a comprehensive wealth plan with tax-smart investing strategies designed to help you keep more of what you earn. and set aside more for things like healthcare, or whatever comes down the road. this is "the planning effect" from fidelity.

as a business owner, your bottom line or whatever comes down the road. is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable nationwide network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities.™

welcome back we want to get you caught up across the markets why opec's nondecision this morning is kind of a big deal. that's 16-minute meeting and took them to decide. here's the look at the dow up 153 just a hair off session highs on this groundhog day let's get a quick read of stocks state of play. bob pisani at the nyse in a moment let's get to rick santelli from the cme.

rick >> absolutely. there's so many things going on and much of it is technical and will get to that think about the minus 321,000. not very good. as a matter of fact many now whispering that friday's number might be weak. look at the time of 8:15 eastern yields dropped to right around the 1.15 level but eventually coming back and look that low out dropped to 1.13 and the green arrows are bringing yields up after the 8:15 data came out we dropped to that 1.77 level coming back an hour later it got aggressive traded down the 1.74 ear year to date talking about the double top and indeed it is starting to become something many traders are talking about mid-january to the end of january. two tops on the right-hand side

around 1.87% are the high yield close back zoom the chart to the end of 2019 but they considerably become more important should we start to close under is 1.70 level we may lock that high in for a while and traders think friday's number could do we need to pay attention kelly, back to you. >> thank you let's turn back to bob for a look at the markets looking to close the session in 90 minutes, bob. >> we are near the highs for the day. there are more declining stocks than advancing stocks at the new york stock exchange. a reason to hold up so well on the s&p is alphabet up 8%. when a stock like that is up 8% that can prop up the indexes it is that powerful. amd great numbers helping the semiconductors

there's the two reasons why the s&p 500 is up. oil companies are absolutely amazing the numbers. marathon petroleum knocked the ball out of the park huge, huge buybacks again so returns a lot of capital to their shareholders paypal trading 15 times normal else where two-day rally in the cathy ca cathie woods stuff they're all down again today no ability to sustain it a heck of a rally. since the bottom last monday that's what you call reverse head and shoulders bottomed out and came right back up the volume is much lower the

last two days and the vix is right back down. remember the vix was normally spending the time between 17 and 25 i start paying attention over 30 this is 21 why what this means is the vix is back comfortably in a trading range and occupies meaning the panic has gone away. back to you. >> thank you very much. the oil space closing for the day in the red that opec plus decisionto stic with production plans, 16 minutes took them. brian sullivan with the details. bri? >> opec spoke loudly by not speaking at jaul 16-minute meeting. their plan to increase by 400,000 barrels a day every monthback to pre-covid levels. closing in on 90

there's been hope and optimism, pressure from the white house to try to increase output to try to bring down oil and of course gasoline prices, as well that is not happening. opec has not had a press conference since november 4th meeting. i'm russia doesn't want to be called by people like me and rubberstamp the decision and moved on an analyst emailed me saying opec trolled the white house the price of oil is higher than making the exchange fromthe strategic petroleum reserve. will there be an iran deal it may be the only way that we will see the price of oil slow or stop its march higher because

otherwise demanband is booming. if you ask me this, why isn't the u.s. raising production? not a lot of people, not a lot of trucks and truckers and pipes. the companies can't find the metal tubing because the supply chain issues to drill more wells even if they wanted to drill down on that. >> seriously all eyes on texas to see if they have a repeat of the blackout last year. >> let's hope not. nothing really changed still got coal sitting outside wind turbines. concern of pipelines and the knobs can't be turned. not necessarily as cold as long. texas can handle cold. the deep freeze that shut off

the power wasn't the coldest it's before been it was the stretch of days so watch the weather in texas. cold a day or two they should be okay for five to eight days could be another problem because aside from some harshly worded letters not a lot changed and the management of the ercot. >> one part or another parts of the state? thank you. bank of america has been calling for higher oil prices and still thinks they're going higher francisco brian put it really well is there any factor other than iranian barrels online to push crude prices down here >> that is really the main one if we see the escalation of

tensions in the ukraine we may lose a few dollars a barrel. the demand is coming back. actually the numbers for january look very strong in the u.s. reported today even though we actually lost jet fuel demand and we lost gasoline demand due to omicron and all that's coming back we have record levels in the u.s. the rest of the world is looking similar. so that should really help the market grind higher. >> people in the energy space don't want it high every exxon said that. exploration companies don't want it to destroy demand and political backsplash the release of last time

price marched higher everyone saying we wish it would stay here but we don't think so. >> we've been calling for $120 a barrel omicron put that on pause. i do think we have low levels of inventory, limited capacity and demand is roaring back and a huge pent-up demand really for business and for personal reasons. i think china locking down, trying to maintain the zero covid policy could be a factor that could bring prices lower. china's the world's number two consumer of oil. also, remember that china's the number one importer because

china has to bring in 11 million barrels of supply from abroad to meet the 15 million of demand. so it could be the case that we get a sur prize from china with widespread covid lockdowns but generally we don't think the fed's tightening cycle will impact commodities for six mos maybe some point the fed overdoes it. flips us into recession and then you want to be bearish commodities. those are still positive for the commodity markets i think. >> let's talk about international risk and how that might ripple through the market. i see that one of the things you cited was the possibility of an iran deal. what kind of percentage or possibility would you put on there being an iran nuclear deal

that could lift sanctions and bring oil back into the market >> it's hard to say. i think obviously the biden administration has made it clear they're concerned about inflation and bringing iranian supplies would flip our supply demand balances into surplus so it's potentially over a million barrels a day to come in we are penciling into a looser market into the end of the year. but if iran comes in you could see oil prices maybe dropping $15 a barrel or more from the current levels. >> do you put that as anything above a 50% possibility or is it a rare chance? what would you say

>> i don't think it's a rare chance but certainly we have a window here over the next month or two the cycle in the u.s. will knock it off probably end of the year, early next year. i would say it's a higher likelihood now than it was in the second half of last year iranians would like to see a deal and don't like what happened last time the trump administration changed the game. and obviously i think the democrats would like to see lower oil prices inflation is a real problem in the u.s. and one thing to help bring it down so i think there's both sides probably want to get it done. i would think. >> it's a tricky, ticklish area that involves a lot of sort

three dimensional chess being played here. thank you very much. we appreciate it. after the break, fraud coming to the nft market chain analysis reporting a flood of scams to drive up the prices of nfts. that story is next

welcome back the nft boom is leading to a spike in a new kind of crime that according to a new report by a blain analysis firm eamon? >> yeah. hi, kelly. it does look like fraud has found the way to the red hot nft market two major types of fraud are already evident in the market. first is wash trading. that's when one owner trades between his own entities the make it look like there's a liquid market out. 262 wash trader groups active generating profits just under $9

million. not enforcement action on that they found money laundering, that is illicit addresses sending money to nft marks and more than $280,000 sent from addresses with what they call sanctions risk they see a significant amount of stolen funds going to nfts the numbers so far are low but chain analysis says that's because criminals are just getting started in the market and a high risk for the future that raises questions about enforcement and regulation in the brand new and sometimes mind bending market. >> makes me wonder when people say that tom brady's going to focus on nfts and crypto when he retires but for people with important brands to protect and worried about being involved with the space i wonder what it means for that. >> fascinating question. i think what it means for

figures is to want cover and regime some kind of government oversight and a gold standard that they themselves can hit to make sure that the customers and people following the brand aren't taken advantage the history of finance we see fraud find the way there and if the market is low that provides an opportunity for the fraud to metastasize. for anybody to take the nft market to the next level they have to figure this problem out before it gets too bad. >> absolutely. thank you. we appreciate it. the silver lining sell-off p p playb playbook which names you should pick up for a discount

you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪♪ giorgio, look! the peanut butter box is here. ralph, that's the chewy pharmacy box with our flea and tick meds. it's not peanut butter. ♪ the peanut butter box is here ♪ i'm out. pet prescriptions delivered to your door. chewy. hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this. your mover, rob, he's on the scene and needs a plan with a mobile hotspot.

we cut to downtown, your sales rep lisa has to send some files, like asap! so basically i can pick the right plan for each employee. yeah i should've just led with that. with at&t business. you can pick the best plan for each employee and get the best deals on every smart phone.

welcome back take a quick look at electric arts and take-two interactive. on the heels of earnings last night. revenue below expectations and held up slightly better through the past month and pointing out the possibility of deals

following the microsoft $68 billion deal with activision slightly positive today. all right. let's look at starbucks on the earn conference call mentioned inflation, omicron and covid 24, 23 and 37 times respectively that's more than they mentioned latte. it is those three things that triggered the market rout in january but the silver lining is emerging and new opportunities for investors like you let's bring in hugh johnson. welcome back good to see you, sir. >> nice to see you, tyler. >> happy new year. >> thank you. >> do you think that because of the sell-off taking the s&p down about 12% or so from the highs not as far as at that low that this is a good time to start picking up some bargains going from overvalued in your view to

undervalues. >> yeah. the numbers when you look at them and started this project at 4% overvalued epa got down very chep 12% undervalued and recovered some and now put it at 4%. somef that i would put it at about 4% upside potential between now these are numbers that are, that will change every day, but never the l theless, 4% upturn and after the kinds of returns we had in 2020 and 2021. so a low, low return environment. when i say 4% up side. not too bad. particularly if earnings -- i thinks they will happen -- come in higher than forecasting or expecting's might be more than 4%. >> is the major risk to the

market bradley a fed error >> yeah. it is. you know, we take a look at history and you see continuously you see monetary policy is sometimes contributed to end of a bull market and start of recession or end of the current cycle. you know, the federal reserve, if they do go through with their current sort of implied plans which is four, maybe five, increases in interest rates this year four in 2024 i think that raising real serious questions. the questions really are, are we going to leave that to a bear market accompanied by a recession? as i crunch the numbers, we're clearly looking at higher long-term rates. clearly looking as decline in yub earnings ratios and therefore potential for stocks not quite as attractive as we'd

like it to be. 4% up side potential not bad in my judgment. >> what do you think is the biggest mistake for investors to make right now >> to, kelly, quite frankly, ignore what's going on in the financial markets. what's going on in financial markets is we not only saw in month of january a decline and some recovery but also saw somewhat of a fairly solid move toward defense you saw things in sort of the sector end of things saw things like consumer staples and utilities at the top of the performance ladder now technology was a little up there, but nevertheless, at top of the ladder you saw defensive sectors. you saw value significantly outperform growth and, of course, that's changed a little bit nor more recently and sign coming from the credit markets as well that investors essentially saw real problems ahead, real dangers ahead, and that's why they started to move

towards defense. i'm just simply suggesting that you don't ignore what you see from investors, because investors really tend to get it right just about every time. >> you like apple among the technology companies i mean that is kind of a staple holding, but you also like some of the consumer staples, like kraft and procter & gamble and others take us through that argument. >> yeah. that's a good point, tyler the reason i do that is i talk about some of the so-called, let's call it bull market sector in technology, that's certainly one. apple a good example of a technology stock i think you can buy. that, again, is, if there's a little bit of a shift towards growth, if we -- you know, basically a balanced portfolio the reason i mentioned a couple of companies like procter & gamble and kraft is because they're on the defensive side of things that's responding to what i just finished talking about which is sector performance sector performance was staples

and utilities, particularly staples top of the performance ladder very attractive for all sorts of reasons. the two most important reasons i would mention right now is relevant performance i never like to catch a falling knife. i always look for companies posting relative performance or good relative performance versus the s&p 500. that's true certainly of procter & gamble and kraft, and nice to know they've got a good dividend paperouts, or good dividend yields and those good dividends yields will be fairly rewarding if indeed i'm wrong and this market continues to go down or the fed gets even more aggressive than i'm currently in just forecasting >> nice to see another guy wearing a tie. >> hey, you don't see that very often these days. >> no kidding. >> i only have one tie left, tyler. tie business short it >> appreciate it. >> you're welcome. still to come, i hope dom's wearing a tie today. >> oh, dom usually does. >> and releasing a list of best

jobs in america. we'll look under the microscope, next. high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different.

wondering what actually goes into your multivitamin? at new chapter, its' innovation, organic ingredients, and fermentation. fermentation? yes. formulated to help you body really truly absorb the natural goodness. new chapter. wellness, well done. welcome back, everybody. a new list of best jobs in america and the job at the top is one you might not have heard of, but it pays. dom chu has details. dom? >> kelly, jobs research and listing slight, just released its list of top 50 jobs in america for 2022 looked at positions based on

things like job sachtisfaction, potential earnings, openings, maybe no surprise science technology and math or s.t.e.m. skills top 50 top 5 focused in tech. best job in america right now is an enterprise architect, position that carry as median base salary $145,000, and position currently has over 14,000 job openings. the rest of the top five, you can see there. full stack engineer. web development. data scientist devops engineer and strategy manager. an enterprise architect, senior level overseeing coordination of a company the i.t. system like a general contractor putting together teams of people and things that work on a construction project the reports of an organization like a chief information or technology officer, and as for jobs in the top 50, guys, "the" most job openings, that title

goes to software engineers with over 64,000 job postings right now, and get this. a median face salary ofover $116,000 sure feels in some ways, guys, like this is very much market tn an employers' market right? >> a dotcom all over again kind of thing. >> interesting some asked me a few years ago what would you recommend to young people i said i would recommend, one thing to learn it would be to learn chinese. i thought that would be a language of commerce and still believe that but i would say, if asked the same question now i would say learn to cope. i think that is a critical skill, funny, mentioned that tyler. i started my wall street career in 1999. when i was out there, all the rage traders no longer guys you went for for finance background and economic backgrounds looking for coders back then even more intense these days right now we know that the ship

has been a little more away from a talent perspective, away from wall street towards places like technology all coding-type skills become more relevant. i'm trying to get my daughter to learn science, technology and math right now. >> she has time. >> a runway ahead of her. >> i wanted to be the other kind of architect when i was little. >> thank you very much. and thank you all for watching "power lunch. >> c"closing bell" starts right now. >> welcome to "closing bell. i'm sara eisen up and down session here on wall street giving up in early gains dipping into the red this session before recovering dow and s&p near session highs heading to the close. >> good afternoon. and what is driving action today? tracking massive moves following earnings alphabet and amd popping up with strong results while paypal is tanking losing a quarter of its value. private