welcome. i'm tyler mathisen kelly will join me in a few seconds. coming up, peloton reportedly has a number of suitors. predicting who's next is tough, but the chatter is drawing attention to a specific group of stocks those would be beaten-down stocks with subscription revenue models and buy the dip in tech? not yet says a veteran tech investor he'll tell us the two things he says have to happen before he jumps in and stocks that pay you back as rates rise, a market probe looking to dividend growers, just talking about it, with tight pricing power to boost your portfolio we'll name names later this hour >> he will name names. hi, every. stocks are searching for direction this afternoon the dow is up 106, the s&p up 5

and the nasdaq up 9 but the nasdaq has given up 130 today. spirit's merger would be the fifth large et cetera company in the country. spirit is up 17% today, oop oom frontier up almost 4%. shares of tyson are hitting a 52-week high, a strong quarter on higher prices, the flipside, and strong demand, 11.5% gain. always wonderful to have you with us. >> thank you >> cpi is the number what are you looking for >> yeah. we know it will be hot, that's

for sure anything north of 5% is kind of what the whisper numbers are not nearly as hot as 7% from riw between investors. >> 50 in march you're saying possibly, but do you think that's a probability or a rare likelihood >> well, they've never done it before on the first hike, never done a 50. >> interesting >> 25 is more likely and the first quarter is going to be slow in gdp because of omicron, so we know that maybe that gives them cover at least for one tightening cycle, one month, but, you know, who's to say they don't do 50 the next month? >> that's interesting. in other words, a slow first quarter would give them a little

cover to take a sort of baby step, not a big leap to raise interest rates what do i do with my money here? where should i put money as this climate plays out? >> well, you've seen the long duration assets, groewth assets fall and underperform relative to some cyclicals, economically sensitive companies reopen names. they've held up better they're down but down less as interest rates rise. tha that's the playbook i've been talk about for quite some time so you can focus on different things i like hilton, expedia, i like match group. they reported a great mnumber wynn resorts but i like some technology that has gotten hit i'm underweight tech as you know and into this decline, i am looking at names like nxpi, great quarter, beat and raised the dividend, increased buyback, and have auto exposure, which i

like broadcom, they beat and raised last quarter we have another month for them to report. but we know they're an ai 5g apple supplier, data center, all the areas you want to be involved in. they increased their dividend and buyback last quarter i like that. and i am picking at facebook it's been hard, a really tough week for them, but i think they have pivoted before in terms of strategic changes. it will take about six to nine months for them to monetize reals in my opinion, maybe longer, but at 16 times forward estimates with a bundle of cash and they're buying back their stock, i'm willing to be patient. >> you are sticking with it, steph. let's turn to dupont, which reports earnings this week >> yes >> while there are other high-profile names and this might not be the first people think of, why is it an important one to follow? >> kind of off the beaten path i like it because it's a great read on the macro.

they touch on so many different end markets. i want real time in terms of demand and supply issues, but demand specifically. i think they'll talk about strong demand. this is a transition story into ev, 5g, into clean, and then they're also doing asset sales and m&a, and when you kind of combine it all together, they'll have $7 billion in net cash to do stuff with. is that buy back stock, increase dividend, capex spend, all of the above? the stock trades at 11 times adjusted ebitda versus the group. >> it used to be a deep cyclical but it's obviously one that has a lot going on >> yeah. yes. and spot on. they just bought for $5 billion rogers corp., an electronic company. they'll sell a $12 billion divestiture in mobility and materials. so they'll get less cyclical that's the whole point of why i think it's interesting no one is really talking about it i think they'll have a ton of cash, shareholder value and buy

stuff and increase the buyback in dividend. >> chipotle and disney are on your list. do they have earnings out this week >> they do chipotle is down 16% this week the high multiple stocks are coming down. we know it will be about macro, labor, wages, and supplies and inflation. we know it's not going to be a demand problem because mcdonald's reported earnings with a 12.3% global comp i am ae viewers, who gives you more in less time than stephanie link? thank you as always. >> thank you, tyler. >> you're very welcome

peloton shares are soaring as the connected fitness maker finds itself at the center of takeover speculation the stock is now back to trading around its ipo price, but it's down 80% over the past year. amazon, nike, apple, all talked about as potential suitors chaert has drawn attention to other companies, maybe companies with similar characteristics like declining stocks with recurring revenue business models herb greenberg wrote about this today and joins us now he's empire research senior editor and a cnbc contributor. welcome. who else is a candidate? >> when you think about who, you get into a trap because you can go down a list of so many because one of the things that just attracted me to this idea and also a reason i put this out to my readers, i basically said look at companies with recurring revenue because we think that

historically is something especially if the stocks fall, companies may want to go after in this piece i wrote up, i pulled a few out of thin air they've tumbled. they have good recruiting revenue. everybody thinks they're dead. i'm not speculating. we are just chatting there are lots of companies out there, big neon lights on that but let's just make sure about that several i had in the piece one was ched, the online education company. stock just pummeled. but if you look at recruiting revenue, cash flow, all the things going on there, you say well, that's interesting maybe it will dip somebody's metric for what they're looking for or a company like chewy, my goodness, it was just pummeled i was looking at these companies with who has deferred revenue, who doesn't, chewy talks about their subscription base. they don't have it the same way.

you go back historically, kelly, and look at these companies and times when things were killed like fitbit when it was bought by google. or peloton, they're using mirror with lululemon, which was acquired, a good base of subscribers. one i like, which, again, didn't have the classic subscription but revenue in that sense but had a strong install base was green mountain coffee, which i was on cnbc talking about negatively forever until the stock was pummeled, jab came along, ricky sandler saw that, got into the -- saw it long before they came along he came in, saw that install base, which was the equivalent of subscription revenue. so you have a lot of different mechanics here of companies that get pummeled but have good recurring revenue, good revenue from business-to-business, which is really good subscription revenue, and consumers, which is a bit of a leaky bucket, but still generates the cash that

some companies may want. >> let me get myself clear here, herb you're not saying there's a problem with subscription revenue models as a business model, are you you're just saying that these -- and, in fact, it was not that long ago that wall street was lapping up and loving and lauding those companies that had dual revenue streams they sold a product and then had recurring revenue from the razor blades it's that kind of thing. or the cable television business you had your advertising and you had your subscribers it's not that there's something wrong with the business model per se it's just that the companies have gotten beaten down for one reason or another. >> yeah. as the stock market gets hit and these companies were trading at ridiculous multiples started coming in, you know, you get stories like pellson, where people start talking about it. what i'm saying is now's the time to start thinking about it, just thinking about it, because obviously smart people are,

obviously bankers are. people are thinking about what are companies that need an exit at this point because the stocks may just start wallowing you look at something like a peloton, i look at that story and i say, you know, everyone i was talking to over the weekend was thinking why was this story floepted on a friday obviously, bankers or others are out there trying to, you know, either, you know, fly a trial balloon or perhaps people are talking their book, whatever the case may be. but that doesn't mean there really can't be some, you know, fire where there's smoke in a situation like that because peloton has a strong installed base, and that base is something somebody will find value at a certain price. the big question is what is that price with any of these companies? so, look, i think takeover speculation is a fool's game as a guy who writes things, i think it's interesting to write about. if i were an investor, i'd go out there.

a guy said teladoc is perfect. i think how is a $300 stock, now a $20 stock? i have no idea if it is one, but i think this is what you're going to start seeing a lot of people do. if this market remains as ji jittery as it is and stock res main low >> herb, all of a sudden good to see you, sir. >> great seeing you, tyler bitcoin hitting a four-week hike, up about 15% over th

welcome back to "power lunch. crypto making a comeback, above $44,000 at a 44-week high, but a recent hack makes people nervous and filling out your taxes is always difficult, even more so when you've made money off crypto and maybe bought it at different prices at different times. we'll dig into all these issues. but let's start first with the price action because bitcoin is higher by 5% today and 14% in a week kate rooney is covering it for us kate >> tyler, bitcoin is getting relief, hitting its highest level in about a month it's up roughly 35% from digital

and ryan investors have been waiting for a bottom they're taking the recent lows as potential buying opportunity. one way to look at this, the fear and greed index it measures investor sentiment it's back around a 45. for context, it has been stuck around a 10, 12, 13 is the highest level i've soon in the past few weeks analysts are pointing to technical factors as well. a buildup of leverage in january, some flushed out, analysts pointing to a potential short squeeze playing out, the leverage is by no means gone

it's still close to about 2% of bitcoin's market cap analysts are pointing to a resurgence of retail interest as well we have more short-term holders that returned to profitability after being under water much of january. bitcoin has been tightly correlated to tech stocks and a lot of those macro factors glass note analysts saying this morning that the question going forward is really, was january the bottom or just a local bottom within a long-term bear market guys >> well, it's interesting because since late january, equities have settled down a little bit and become in the first week of february a little more peaceful. i think we're sort of flat for the year so far. so i think to me it all comes back to the idea of are you willing to take on risk. and in january for lots of reasons, whether it was a concern about the fed, ukraine, high inflation, people weren't taking on much risk. maybe now it's turning back as

your survey shows. >> absolutely. if you look at the correlation between bitcoin and the nasdaq, for example, in january, those two almost traded exactly in sync the correlation was way higher than it has been t if you look at the u.s. treasuries, bitcoin started to decouple i think investors for a while were frustrated because the long-term bull pace for bitcoin has been it is an inflation hedge, digital gold, and a safe haven asset. it had not proven that in january. i think investors for a while, maybe retail investors that had gone in, were looking for that bull case to play out. it hasn't. and a lot of investors got burned last year we mentioned the sentiment and retail investors being back, a lot were under water last year and looking to take money off the table. i think the risk factor is huge here, still very correlated to macro assets, trading a lot more like a tech stock than any sort of safe haven asset. >> kate rooney, thank you.

good to see you. >> been a nice rebound but reports on recent crypto hikes leave someone unsure how safe it is we asked eamon >> that's right. last week $320 million crypto from the worm bowl network is being called the fourth biggest crypto hack of all time. it's reminding investors of the dangers of these cutting-edge services rob walls told me the sheer size of the thefts that are possible in this crypto space dwarf anything he'd seen in traditional finance. >> largest bank heist in history and the largest we've ever seen was $80 million perpetrated by a state. and here we have a $320 million heist and it's only about the fourth or fifth largest crypto heist ever >> wallace mentions using the

blue chip platforms of the finance world, which sees a lot more usage and security testing. they include these below kelly, we still don't know who actually pulled off that worm hole hack last week. the company behind the platform jump crypto said it would step in and make up the $320 million in losses so far, so for now, it's an expensive lesson learned. >> while everyone applauded that move, it doesn't seem sustainable because it says to the hackers, go bigger and biggers, and the companies at some point will be on the line to pay that out. >> right absolutely the question is whose ox is getting gored in these hacks sometimes is hacker returns some of the money in this point they put out a bounty and said, look, hacker, we'll give you $10 million if you gives the crypto back. that seems not to have worked or at least not yet so we'll see where they go with it for now, it seems like, you know, these things are vulnerable, so the advice to

investors, you know, be careful which services you're using, try to use the ones that have been around for a little longer those will be a little more bulletproof or at least that will harden anyway and you might have less risk but you're not going to have zero risk and the risk will be a lot higher in this asset category than it is in anything else you're dealing with in the world of finance >> eamon, thanks eamon javers >> if you manage to make money on crypto and not get it stolen, you veal to pay taxes on it. how to answer the irs' questions is confusing a lot of people robert frank is here to help us sort it out. robert foo tyler, to crack down on crypto tax evasion, the irs asked taxpayers this question on their tax form -- at any time during 2021 did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency now, if you answer yes, you are required to report all of your crypto sales and trades and pay the necessary taxes.

because the question says "received," many investors who bought crypto last year assume they have to answer yes. now, in separate guidance that's hard to find, by the way, the irs also says, if your only transactions involving virtual currency during 2021 were purr chaugs -- purchases of real currency, you shall not required to answer yes. so, how should you answer this question if you simply bought crypto with dollars and you didn't sell, you can check no you must answer yes if you sold crypto, used crypto for a purchase, including an nft if you received crypto from mining or staking or exchanged one for another, buying ether with crypto, all are taxable and must be reported to the irs. this is all important because even if you don't owe any taxes on your crypto, failure to report your holdings can be seen as tax fraud by the irs.

guys, leave it to the irs to make a simple yes-or-no question very complicated >> a couple quick questions. you said a moment ago that if i just bought the crypto and never sold it, i can check no, i did not have a transaction that would be taxable but then did i hear you say if i mined it and received it, that i would have to check yes? what's the difference? >> that's right. well, essentially mining or staking is income because just as if you -- you know, mining gold or mining diamonds, you report that as income when you receive it, then a capital gain when you sell it so that's declared as income but if you received crypto as a gift, it is not -- you don't have to report it as receiving it as you would buying it. but if you get it airdropped, then you do have to declare you received it. it's all complicated -- >> if i mine it, it's income to

me and then if it goes up in value, i could pay a capital gains tax on it as well. this is not a good deal. that feels like double tax to me >> that's right. >> at any rate, for another time, i want you to explain to me how the hell you would figure out your tax basis but that's for another time. robert, than you a news alert out of washington on the government funding bill here's the story >> congress is working on another stopgap funding measure to keep the government open, this time through march 11th now, currently the government is set to run out of money on february the 18th. republicans, democrats have been trying to work on a full-year spending bill, but the chairwoman of the house appropriations committee, rosa delauro, said they are close to an agreement but need more time to finish that legislation the house is slated to vote tomorrow on this continuing resolution that would fund the government through march 11th. back to you.

>> thank you very much still ahead, what's next in tech our guests will lay out which things you should buy and when plus we're celebrating black history and featuring some of our financial advisory council members. here's what braxton says this time of year means to her. >> black history month means to me the opportunity to highlight and honor the contributions of black talent in the u.s. and globally as a black financial planner, i see black history being made every day through the advancement of black households and living out their financial plan and living the life and legacy they desfshg. at fidelity, your dedicated advisor will help you create a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect.

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thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪ i'm kristina partsinevelos here is your cnbc news update in the last hour. president biden started an oval office meeting with german chancellor scholz trying to present a united front amid tensions over ukraine. >> state the obvious, germany is one of america's closest allies. we're working in lock step to

further deter russian aggression in europe and to address the challenges posed by china and promote stability in the western balkans. then we have to take on a pandemic, climate change, and among many other various issues. so we have a lot to talk about the united states and japan have a steel deal. according to multiple reports, the two countries will announce an agreement today that will partially lift tariffs imposed by the trump administration on japanese steel and teva pharmaceuticals and texas have a $225 opioid deal. the settlement resolved with states claimed teva improperly marketed addictive painkillers back to you, tyler >> thank you very much kristina partsinevelos ahead on "power lunch," is it time to buy dividend growers? one market expert will weigh in. plus, buyer blues, home purchase

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markets, stocks, bonds, commodities and how to know when it's time to buy tech again. pis isbob pisani at the nyse text lagging, facebook one of the reasons why. >> overall, 3-2 advancing to declining stocks, but if you look at what's weighing on tech, facebook, meta, again, three big down days. you think all the sellers would be out of it three times heavier volume than normal today even, three days later. look at the numbers here we went from 326 to 219, talking about a 30% drop in three days and still not stopped. very confusing reopening picture. look at the travel stocks. remember what happened friday, royal caribbean had the earnings, they looked okay, but the stock was down 5%. now it's bounced back again. the ceo said on friday of course that they were over covid, that the whole business was recovering, but still confusing pictures bounce today carnival, united up, m&a talk in

the airline business is helping, and some of the -- hilton is bouncing along with some of the hotels but airlines have been essentially sideways for the last several months. anything on the new high list? only one sector. for days and days, oil at $91, exxon, chevron, valero, ma marathon, they're hitting the 52-week high list. one sector is worrying me a lot, industrials and to a lesser extent materials these stocks have been sloping downward for a while now this is the sector that is having their earnings estimates reduced dramatically this month because of concerns about higher costs, higher materials, and higher wages as well some of these, tyler, are seeing earnings estimates reduced about 10% in the last month on those cost concerns right now. so that really is an issue every day these stocks are to the downside >> bob pisani. now to the bond market we go, the ten-year, its yield holding on to that level above 1.9%,

1.92% or thereabouts rick santelli in chicago hi, rick >> hi, tyler yeah, a two-day chart is very important here shows us several things. shows us the huge jump we had on a much better-than-expected jobs report were their caveats sure but the fact is that reckless endangerments have held up they held that pop as a matter of fact, tyler's pointing to 190. we settle at 1.91. you have 7s, 0s, 20s, and 30s higher yield prices than friday. if we stay above 1.91, which will be fresh -- show the chart going back to the end of 2019, it will be a fresh 25-month high-yield close boy, you want to talk about records, you have to look overseas here's the 10-year overseas. today was the tenth session in a row that yields closed higher. as you can see on this chart, that was a fresh three-year high it closed at 0.23% that is positive

the two-year shots in europe narrowly missed ten in a row higher yields. it was a bit lower today, so the street broke it nine in a row. and the difference between 10s and boons, maybe this is the most important thing that many insiders have been paying attention to for quite a while that's consumer sentiment them on the right side of the market, the distance between our 10-year yield and that of europe has shrunk to 168 basis points basically, that's hovering at the lowest, tightest levels for 2022 tyler, back to you >> rick, thank you very much so oil is closing for the day and it is falling with u.s. and iran on a possible deal there. pippa stevens is following it for us >> oil trading in the red, cooling off a little bit after a relentless move higher and seven straight weeks of gains.

geopolicy talks are set to begin tomorrow in vienna lack of supply has been a key driver for prices, so these potential additional barrels would shift that narrative crude is still holding above 90, though wti down, brent crude down, and nat gas is down more than 7% amid continuing the streak of extreme volatility as weather models show warmer temperatures. energy stocks are shrugging off the declines and moving higher the top group today with a gain of nearly 2% >> pippa, thank you. the nasdaq is down 10% to start the year our next guest says there are two things he's watching before buying any of the dips in technology paul meeks is portfolio manager with independent solutions wealth management. let's go right to the story here what are the two things you are looking to see before you start nibbling at technology

>> so, the first thing, tyler, is i want to get through the quarterly earnings period. usually i don't care so much about these because i'm pretty firm in my long-term beliefs about companies. but, you know, the last thing i want to do is be the guy that buys netflix or facebook even far long-term investment before it goes down on its quarterly earnings 20% to 30%. just a suicide mission and so there are a couple of major tech companies to come like nvidia. at least these days the king of semiconductors doesn't report until february 16. that's one item. the other is i'd like to see stabilization in short-term rates. i'm not saying that the fed has to have all of its rate hikes past us before i act because i think that would be too late and you'd miss a nice snapback rally in tech and aggressive growth stocks i do want to have at least a better sense -- of course that

sense will be the only thing i can expect -- as to how many rate hikes we'll have this year and how quickly are they going to raise rates, how many hikes and are they 25 to 50 basis point hikes. once we get the final strategist from the strout south side saying it will be a ridiculous number like 5, 6, 7 and we'll have several 50 basis points or more, then i know the worst case asum social gatherings baked into stock prices and then it's safe to go back into tech. >> so it's really the moment at which the monetary assumptions translate into stock prices, get poked in there >> that's right. because what you want to do have the most bearish strategist on one of these marquee wall street firms say it will be seven or eight hikes and 50 basis points. you mark that line in the sand the news is out there. that scenario is baked into stock prices

then i'm comfortable >> so, how about some companies that you are comfortable with owning right now maybe these are companies where you think the business is just sort of a bulwark business, they've come out with their earnings so there can't be a big surprise for quarter are there customers that fit that bill? >> there really are. among the faangs, which everybody likes to focus on, apple, microsoft and alphabet were clean i think amazon, despite the fact it was perceived positively and the stock went up to 14% the next day they reported, are actually some things i still worry about there. of course netflix and meta are in the penalty box and will be for some time. so i like those. i also, tyler, like various semiconductor and semiconductor capital equipment companies, but they need to report first to confirm my intentions, and the next one i'm looking for is nvidia that is on february 16th

but so far i very much liked anb and qualcomm >> you liked tesla here. you say it's a buy at 900 and a screaming buy if we dip to the 200. they were at $819. >> you can never make a fundamental case for tesla, but we know it's a cult and they will return and they have improved their production. when you get the stock at $900, it looks pretty interesting. if it ever goes back to the 200-day moving average, which has been a wonderful opportunity over the last couple years to buy it, that's $819 or so. screaming buy. >> what about at $918 is that all the difference many the world to you, versus $900? >> i think in this market where every day it seems to be a new floor below us is found, i think it is something you should be patient with >> all right paul, thanks for your time and your thoughts. good to see you.

>> best wishes after the break, a record low number of consumers say now is a good time to buy a home big reason low inventory and high prices. does that mean it's also the perfect time to sell or maybe not so much? check out some of the names set to report after the bell take two, amgen, simon property are on top, most othf em in the green right now except tenant health care.

at fidelity, your dedicated advisor will help you create a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect.

welcome back, everybody. rising mortgage rates and rising home prices are creating the perfect storm in the housing market to hurt consumer and buyer sentiment. diana oleg has details >> one quarter of consumers in january say they think is a good time to buy a home, and that is a record low on a survey released this morning. on the flipside, 69% saidlogic

home price appreciation more than doubled last year, averaging 15% for full year compared to just 6% appreciation in 2020. now, rates began rising in january, sharmly last week, and again modestly today the average on the 30-year fixed is now 3.87%, just over a full percentage point higher than it was a year ago according todaily it's more than 50 basis points higher than the start of this year and will likely continue to climb as the federal reserve dials back its purchases and holdings of mortgage-backed bonds. >> the rates are up but they're still pretty low historically. if they go even higher, should buyers expect relief on the pricing side or not? >> well, you know, prices usually lag sales, so at first we'll to see the sales pull back we've started to see some of that, and some say it takes about six months to chasm up with slower sales, but you have this incredibly strong demand.

this is unlike any other housing market historically because we have very strong demand and very low supply, and that's what's propping up these surprises. unless either of those somehow pull back in some way, then we'll keep prices elevated, not necessarily the huge double-digit gains we're seeing now, but perhaps more to historical increases that are not going down, though, anytime soon >> diana, thank very much. diana olick. 33 s&p firms raising their dividends in january as companies sit on record piles of cash our next guest says you need to bet on three key dividend growers. we will have those names for you in just a moment and a big interview tomorrow on the exchange albert bourla, pfizer ceo, after his company reports results. that's tomorrow with kelly at 1:00 p.m. eastern.

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companies sitting on record pileoffs cash are turning to more buybacks and dividends. 33 s&p companies raised their dividends last month and as investors hunt for yield, my next guest says dividends are the place to be. michael, welcome and are they going to be able to keep up with rates and inflation this year? >> yeah, that's a great

question i think dividends are critical for investors to focus on in 2022 a lot of people are probably familiar with the fact that over long term dividends have been responsible for about 40% of cas in the face of inflation rising interest rates we think for both these reasons, lower expectations for capital appreciation and with rising rates and inflation, it's critical that investors look to dividend growers >> a lot of different funds and etfs that try to basket these together what would you say to those who are looking for a basket approach versus going with individual names >> yeah, i think, you know, i think diversification is proven

to be only the free lunch in finance and economics. it's critical to be diversified. i don't think you necessarily need to be in 50 names but if you're thinking about where to allocate your money and what to look for, there's a couple principles we think are relevant today with inflation and thinking about dividend growth the first would be broadly speaking, it's important to find companies with pricing power companies assume their costs go up, whether it's their wages or raw material inputs, and it's important to find companies that will be able to raise prices to sufficiently offset those costs. if you drop down a little bit, a couple sectors stand out as being well positioned for this environment. financials like banks, are actually levered to increasing interest rates they'll see their earnings accelerate similarly, energy companies will see their prices go up the last thing i think it's important to consider when you're thinking or one other thing that's important to consider is what to avoid and be careful about.

i think while, you know, no one big statement is true, we're concerned about high multiple stocks broadly, after the last few years of very low interest rate environments, we have seen multiples on assets broadly increase dramatically to all time highs as interest rates high, there's a risk even great companies will see their multiples compress >> let's get to a couple names you like that fit the bill >> yeah, sounds good one of the names we like is a company called embrage one of the largest oil and pipeline companies in north america. it yields 6%, which is staggering in a low rate environment like this. people are worried about inflation, and importantly, over half of their revenues have built-in inflation escalators in the contracts. if inflation doesturn out to b a bigger problem, they'll be able to pass it along. lastly, while it's predominantly a traditional energy company, they're oo sizable player in

renewables as they continue to pay out a big dividend, they're retaining some of the cash flow they have to invest in growing their renewables platform. it should improve and support the energy transition. >> two others you like are comcast and apollo comcast, of course, owns cnbc and nbc universal. >> yeah, so comcast, as you know and i don't have to tell you guys, the stock got hit in the fourth quarter of 2021, and it came under pressure because of concerns over competition. we think the pressure is overdone today, comcast shares trade at about 14 times earnings which is a significant discount, and comcast's biggest earnings driver is its cable business and that business is still growing both in terms of subscribers and the ability to raise prices we see solid groelth ahead you combine that with the cyclical kicker, as the world continues to heal, the parks should continue to see increase in attendance and earnings at 14 times with a strong core and the cable systems business

and the cyclical kicker in the parks, we think comcast is well positioned >> also apollo, i would note, 2% yield, 14 times price earnings ratio. michael, thank you very much we appreciate it >> thank you >> still to come, cupid's choke hold, valentine's spending expected to surge 44%. plus, we're approaching the end of the 2021 stock draft. we'll soon have a new champion end of this week, in fact. 'lte y w'sinng, next

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we are coming down to the wire in the cnbc stock craft our contest ends at the close of trading on friday. the friday before the super bowl and right now, it is a two-team race between andre iguodala of the golden state warriors and josh richards of tiktok fame andre's aces have tesla and lenar up 12% since the draft back in april. josh's animal capital holds amd and uber he's up 9.5% we will officially declare a winner on monday's program andre iguodala with a lead on animal capital, kelly. >> i love it we'll see what happens >> meantime, valentine's day is one week away. oh, my goodness. americans are getting ready to spend a lot more on dinner and a dozen roses. dom chu has the latest estimates. >> so kelly, americans are over covid, at least frustrated

enough to get back to more normal times that means spending on valentine's day. according to a new suri, people are looking to make up for a skimpy pandemic heavy valentine's day last year and before by spending a whopping 44% more this year on the holiday, at least to put that in dollar terms the average spend is expected to come in around $208. versus $144 in 2021. and $142 in 2020 the biggest spenders by age will be the so-called millennials which lending tree categorized as those between 26 and 41 they're going to spend an average of $294 this year. it's also about those who are stelin that earlier age of their relationships, those who have been together for one to two years. they're likely going to spend the most, around $247, versus those who have been together for say a decade plus, who are spending drops to $189 per couple as for what they're spending on, 37 persh say they'll go out for a nice dinner, 29% say you

>> saved by the bell >> all right, thanks >> thanks for watching "power lunch. >> "closing bell" right now. >> welcome, kelly. thank you, kelly and tyler welcome, melissa the major averages are mostly higher following s&p 500's best week of the year the dow is near session highs. energy is in the lead as we head into this final hour of trading. >> i'm melissa lee in for wilfred frost. hitting the tape over the past 72 hours, low cost airlines spirit and frontier announcing a merger and reports say peloton may be drawing buyout interest as well. bit coin bounces back in a big