extraordinarily not bad but they see increases. two to report is jb hunt and martin and both will say what weakness >> i certainly hope so donald, thank you for joining us as we head into the stretch. >> always a pleasure. >> that does it for "the exchange." "power lunch" begins right now ♪ thank you very much. i'm tyler. welcome to "power lunch. tech tanks tanks for the memories, tech investors shed risky assets but as stocks pull bag m&a in the software sector is heating up. which names could be the m&a targets. week long look at travel we focus on the booking sites. the stocks are way off the highs

as demand rebounds why? kelly? >> thank you welcome back s&p and nasdaq down more than 1% to start the week. the dow outperforming. some of the biggest decliners the chip names nvidia, marvell and tesla. rise in rates pressuring tech. we're at session highs right now. we are sustaining at these levels mortgage rate up to 5.25% today. >> thank you stocks could be swayed this week by lots of stuff including inflation data, retail sales report let's look to the week ahead with stephanie link, manager i don't know what else does a lot at hightower

advisers welcome. let's tee up the week. >> good to be here. >> a lot of numbers need to be processed. tell us the ones you will be paying most attention to. >> sure. it is economic and da that and earnings everyone is wafing cpi and ppi i don't really care about the actual number. we know inflation is hot so if it comes in above or below it is hot. the fed has to act i think the retail sales number is impressive. especially the control group feeding into the gdp and expected to rebound month over month .2 part versus negative last month the consumer is in better shape. i think that's where there's an opportunity on the consumer side

of things. in general for the s&p 500 i look for 5% for 1q and 10% total revenue growth for 1q. if you exclude financials you will do close to 12% in the first and 14% in revenue it is a busy week and i think banks on my list to watch. >> let's go to the banks which are the biggies that come out this week. jpmorgan, wells fargo, morgan stanley. if you look at the banks that they are drags on the market right now in terms of revenue and earnings jpmorgan has not been the superstar it once was. >> i know. it's so surprising down 15% on the year this is getting close. i don't own it yet because it

trades about 1.5 times book. this stock traded closer to two times book but we'll talk about the other names that are more attractive the key is expenses because they did increase expense guide for 2022 last quarter and what is the return on tangible equity figure long term they have a goal of 17%. they have an analyst day in may and the rotce but i think you will have puts and takes volatility helps trade jg the volatility probably eating into m&a fees so watch for this one. if it pulls back it could be attractive long term. >> would wells and morgan

stanley to be more attractive here >> i own them and i think they are more attractive. they make good progress. these guys have the most exposure to higher or lower interest rates an increase is 16% to earnings 7% to net interest income. they will be focused on ex expenses they upped that number last quarter and want to hear about the expense side morgan stanley is a horse. had flawless execution with the m&a. made them less cyclical. more recurring revenue so let's hear what their to say

and to quarter. >> when are the reopening -- is this the week that they finally get some traction? >> gosh, i feel like i have reopen on my forehead because i talk about it all the time. >> it's logical. and this market especially. >> you're 100% right i'm shocked that carnival cruise and the comments of record bookings i can't believe that didn't get more attention. i don't know when this stocks will act better. perhaps when they talk about good trends but that's absolutely an area where i see some very good value. >> all right thank you. get back to work, will you you don't have enough to do. >> thank you. a part of the market struggling more is software. the cloud etf is down 25% this

yao jer the it could kaz more deal making in the space and naming zoom, docusign and coupa. for more let's bring in the rbc capital market software analyst. how dare you name zoom and docusign as takeover candidates. >> thank you for having me i think it's unfathomable that the companies that were darlings a year and a half ago of remote work are themselves in play. the stocks have gotten way too cheap. both the idea that someone could afford to buy zoom most importantly i think these have still really great technology the companies are not getting the respected they deserve and i'm taking a close look at both

assets to say if i could integrate it into the platform it's affordable. >> who would be the acquirers? >> i think salesforce coming off the slack acquisition but either works well bringing docusign to work with a sales tool to generate contracts and sign them. microsoft is obviously a great candidate to buy either. i could see a traditional back office be interested in either they every the big ones and none face the scrutiny like amazon or google would. >> i wonder if this is the last gasp of the dying bulls for

these names. >> the environment in software reminds me of 2016 everything traded so cheap people gave up on the names. that's where you saw click and even linkedin taken out and those acquisitions worked well and this is a signal that software names pulled back too much these investors are signaling that software stocks have gotten too cheap and we saw two deals this morning alone with sale point and data which was a strategic deal and it's too intense. all the checks on the software spending environment is things are strong software spending is more important than ever now. >> fastly and dropbox on the list of possibles.

>> absolutely. people seem to like the technology the problem is it's turning into a feature or something part of a larger platform. if microsoft has it, it is tougher to go after new customers. if salesforce buys or adobe i think dropbox can get into so many more hands because it's a single product and part of the larger platform is valuable. fastly could be great for google cloud. or even a traditional networking vendor like cisco. alongside traditional vendor is valuable for them. >> fastly at $18 a shocking run thank you for joining us and

making the compelling points. >> thank you so much. coming up, travel demand rebounding but the travel stocks off the yearly highs we kick off the series we'll look at at&t and match in the three-stock lunch. take a look at the names hitting 52-week highs like hormel, dollar tree and allstate

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welcome back it is travel week here on "power lunch. we'll highlight a different part of the travel industry with a top annual alyst to lay out the names. seema mody with a look at the stocks. >> the online travel operators rebounded. expedia is up with a larger percentage of revenue from the u.s. and skez with vacation rentals has helped shares

outperform but as rules relax in parts of asia and those countries reopen we are talking thailand and indonesia a truest analyst says that bookings holdings will outperform in last month the shares outperform the peers up about 8% expedia shares flat. right now the big question is, can higher prices derail the strong travel story. that doesn't seem to be the case trends action volume for trips more than doubles sin january. tie l tyler? >> thank you which are worth owning with us is daniel adam with loop capital. let's look at three that we picked out for you to comment on the first is airbnb which you have a buy and i think a $205

price target. >> that's right. it is viewed as a secular winner if you look at the trends within the travel sector, alternative accommodations is significant tailwinds and seeing length of stays continue to increase and in addition, supply is less of an issue than others like booking. airbnb sees the fastest growing markets have the fastest increase in supply so what -- in other words what you see there is the network is increasing itself unlike booking which we have a hold rating on booking has some company specific headwinds related to the exposure in eastern europe in particular.

as well as what we expect to be potential supply constraints as inventory becomes less or more scarce for the likes of booking to come by thus far the recovery in travel is price driven than occupancy driven as occupancy starts to come back then supply for booking we expect will become more scarce and a potential headwind. >> let's move on to wyndham hotels and resorts reopening play you say lots of u.s. exposure. they run timeshares, hotels. they have a lot going on. >> yeah. the timeshare business spn off. >> i beg your pardon.

>> wyndham is a topic in lodging and the reason is domestic exposure and drive in traffic. thinking of higher fuel costs will deter certain travelers by air but the drive in traffic should be robust and we expect that we'll see continued tail winds for wyndham in addition to the valuation and trading less than 14 times forward ebitda >> daniel, would you characterize the performance of the stocks as disappointing? >> disappointing related to respect to what we expect for --

because of pent-up travel demand which is tremendous. you have people who have been locked in for two years. they're at the edge of the seats. no pun intended. wanting to get out there and travel but related to the near term headwinds they face, higher fuel costs or potential detailment in europe and particularly in eastern europe where booking has high single digit exposure i would say that the performance has kind of as expected. >> all right thank you very much. >> thank you. breaking the banks slumps in ipos, in deals with overall market volatility could hit the bottom lines we'll explain. plus three big calls in the media space. that's the three-stock lunch

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welcome back it is almost that time bank earnings season later this week jpmorgan on wednesday. goldman and morgan on thursday this quarter has some believing the reports could get the season off to a rocky start leslie >> yeah. i can't believe it is already earnings season but analyst expect an 80% drop of the section with underwriting ipos volatility are to blame in the

slump and tough comparables. q1 last year shattered the record books thanks to spacs mergers and acquisitions is down for the quarter a drag on fees for that group analysts expect revenue down 30% year over year piper sandler downgraded to the largest exposure goldman sachs received the biggest cut due to the investment banking group morgan stanley with 11% reduction. you can see that bearishness affecting them the past is the past and what investors will be focused on is commentary about the pipeline, whether the market backdrop is more accommodating to more deals, potentially those unable to get done in the first

quarter. will they see the way through? >> they will be forgiven if the pipeline is more robust. also reminds me talking about deal making in the cloud names would that be a lever to pull? how might that juf set weakness elsewhere? >> that's what people are trying to tease apart and certain banks that are just -- so much more a part of the business than others there's others that do still have decent sized investment banking businesses to round out the earnings to be less of a huge slump than the market to dictate. lending, keeping a close eye on that

increasing interest rates is a boon for the deposit and lending business and trading not expected to be as bad. analysts are expecting a decline there but fixed income trading and fx trading, commodities trading all supposed to be highly volatile in the first quarter and supposed to be stable in the quarter. >> leslie, thanks! let's get to seema mody for a news update. >> hello jury selection begun for johnny depp's case. department he is suing over an article in which he claims she implies he abused her though the article doesn't mention him by name fans were seen holding signs

supporting him. two parents and doctors are suing the state of alabama. pg and e is paying to avoid criminal settlement for two california wildfires starting by the utility's aging power lines. "the washington post" said the learner family is looking to strange the structure and possibly selding outright. they said there's no time line for a decision. >> my hometown team. thank you. ahead on "power lunch," the crypto downturn. despite the hype bitcoin is falling and about to break 40,000 >> wow

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welcome back we are seeing red on the screen. let's start with equities. everything is lower across the board. nasdaq the worst performer down 1.8%. dow down 275 nasdaq down and down about 7% in just the past week big tech names like microsoft, apple, tesla lower chips hit hard with nvidia among the worst in the s&p and down about 20% in the past week tech stocks are falling because of the sharp rise in yields that we are seeing with headlines this afternoon 3% on parts of the curve now rick santelli has the latest. >> the chart is amazing.

a double bottom at 173 in early march. basically in a little over a month covered 100 basis points our first maturity to touch 3% in the cycle is 20-year bond it just staircasing higher like all maturities are but short leading up until a week ago and long maturities are awake and selling. investoring finding aggressive selling. a bund chart back 80 years a fresh close and currency not much better. ecb meets this week and the market trying to force the hand to be more aggressive. finally the dollar/yen right now a 7-year low versus the dollar and close to a

20-year low back to 2001 if you look at 10 years in china first time in 10 years is below a u.s. 10 year kelly? >> thank you. the inflation fears persist despite the fact that oil continues to drop. let's go to pippa steves pippa? >> yeah. china's lockdown is selling oil prices down. the market is also reacting to the 240 million barrels that will get released over the next 6 months and weighing against lost output fromrussia at the lowest today wti at there is 92.93

prices did bounce from the lows and wti ending down 4% brent crude at $98.40 for a loss of 4.3%. take a look at nat gas jumping nearly 6% today. turning to energy stocks the worst performing group occidental down 6% diamondback, conoco down. >> thank you. now the crypto world where, sorry, still red today bitcoin down more than 11% in the past week. why? what's going on? joining us is emily parker at coin desk. what gives >> yeah. i think that this really isn't just a bitcoin story but a larger market story.

this is affecting markets, traditional markets. there's a lot going on there's global uncertainty, a war in ukraine and there's rates going up and in general when yields go up riskier assets look less attractive. sometimes it performs just like other assets >> we just finished bitcoin miami meant to look at bullish demand and the reasons for the existence. was it missing an announcement >> they did get a bull >> always a sign of the top, right? >> an enormous bitcoin bull that looks like a robot and did get that look if you compare miami to last year, this was a more muted

gathering but a lot of what is coming out of miami a symbolic there's a prom inconsistent cheerlead every for bitcoin to see it integrated into all of society. all initiatives are that smooth. there's been stumbling blocks. i don't know if people expected the miami conference to raise the price but it did not your point is this is always the big story, and people are always waiting to see what will happen on that front. >> let me ask you a kind of off the wall question. a weird question whether bitcoin or any cryptocurrency, what have they proved about themselves? doesn't seem like they're an inflation hedge or that they have proved that they are a

medium of exchange seems to prove that they are a speculative investment what have the cryptocurrencies proved about themselves? >> sure. that is not a weird question but an existential question of bitcoin. the answer from the cryptocurrency industry is it's young. what i would say is that sometimes you have to look outside of the united states bitcoin is a global phenomenon when you talk about bitcoin as an inflation hedge you're totally right and then again we haven't seen significant inflation in the united states during bitcoin's lifetime. now's the time to put it to the test when you leave the u.s. you are seen it as an inflation hedge. countries where bitcoin might look like a better storer of value than their own currency.

that case study is proved in other countries with stories of ordinary people say i like to put the savings in bitcoin because i think that bitcoin is more reliable despite the volatility that comes with it. >> interesting. >> we had gotten in an argument of me and ben mckenzie warning about the fraud and the value and the rest and this is his day. emily, thank you for joining us. >> thank you. all right. let's see. up next, a clean start details on a company recycling lithium batteries as supplies remain tight. the food supply at risk. sending prices ever higher we will be right back. look at the price ans chgein those commodities.

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lower carbon future but given the growth in use, recycling those batteries will also be key and diana olick has a look at a company with the unique plan in the series of climate startups hey, di. >> hi, ty. while several companies already do this a startup we found is doing more than recycling. they say they upcycle. >> we're capturing the metals but formulating them into new battery materials. >> reporter: massachusetts based asand elements shreds batteries and turns them into blackish sand 'removes the plastic and leeches out the impurities

>> we're effectively urban mining bringing that material in and transforming it into usable material for the battery manufacturers. >> reporter: it's energy intensive to produce mining and refining the materials and while the kath identify dekrad the materials don't. >> we're able to reduce that carbon footprint 93% so we're really dramatically reducing the footprint of an ev into something that the industry needs to do. >> reporter: as for competition there are other recyclers in the market but - >> nobody goes to the high value material like ascend materials that's the core and commercializing now. >> reporter: he expects to double the 100-person workforce this year in georgia

it has three smaller facilities in massachusetts and michigan. total value $95 million. ascend is in another funding round and he says he expects to add significantly to that total. given the high and growing demand and the doinganger in mi is a no-brainer. >> if you look at it is the environmental impact of the mining for and then the recycling of these things, is there a ruse going on that the cars are that much cleaner and better for the environment than other cars >> no. evs are cleaner. not emitting anything and the

creation of batteries is carbon intensive but they did a data on this and showed that the batteries recycled are slightly bet every than the original batteries and charge faster and hold charge longer it negates that carbon emitted when you create them but much less carbon emitting than others. >> yeah, absolutely. thank you. martinis, mark ritas and media stocks three names, three calls and a take that's next. iture ...but with the business side... ...i'm feeling a little lost. quickbooks can help. an easy way to get paid, pay your staff, and know

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welcome back time for today's three-stock lunch. a grouping of media stock movers on the menu. let's bring in the always refreshing jeff malee. first up the new kid on the block, matt. that would be warner brothers

discovery. handful of firms with bullish notes on the first day of trading after merger upgraded to buy and deutsche bank named it a top pick turning lower. you are mixed on this one. you think it's shaken not stirred i guess. >> that's right. i think is it's a better play later in the year. a big thing that focusing on is streaming. we hear the pent-up demand but it is to go on cruises and vacations. and so people are going to be focused less on that and one of the key things is to get the direct to consumer business to break even from a loss that's going to be harder to reach. however, the good news is that most of the stuff is priced in as disney. not fully priced in for disney

by for warner and again it is a cheaper stock than disney. six times ebitda so it's something -- "time traveler's wife" coming out in the fall watch it as the weather gets a little colder so again, i think it's something that people, i'm not afraid it's going to have a lot of downside because it's already down 44%, but the upside might be more limited. >> the streamers seem to succeed based on the content they have when you think of apple, you think of ted lasso when you think of warner brothers and hbo plus, you think of succession, you think of curb your enthusiasm. where does this new company that has a lot of content when you look at the discovery side as well, where do they rank in terms of the streamers and fresh

content? >> yeah, that's one of the problems they face, too. they have, game of thrones, and the sopranos two of the great shows of all time, and yet they're behind us. we have to be looking forward. i mentioned the time traveler's wife that might be something that can pick things up for them, but they don't seem to have the same kind of, i don't want to see quality shows. succession has done well, and that's a show i really like. i do think, you know, second or third, probably third in that ranking. and again, that makes it tougher for them but a lot of stocks have been clobbered that are really expens expensive. this one is not expensive. i'm not worried as much about the downside >> maybe on the menu later this year what about the flipside of the coin, at&t, after shedding this asset, it gets an upgrade today. the stock is rebounding, but a decade of basically going nowhere. jpmorgan upgraded it to overweight, saying now it looks

more like verizon. would you be a buyer >> i would be. i do like this stock it's kind of interesting because all of these things they have announced, sorry, all they have done, was announced a long time ago. i thought they would get more credit for it by now they had so much debt, and they were in so many businesses they shouldn't have been in the new ceo came in, really made the changes that were needed to be made, and people really don't believe in it right now. but i mean, when you get a stock that's, well, another thing too is we have, i always think about people worried about a recession coming i remember in the early '90s when people had cell phones. not handheld computers i thought, geez, we have a recession, people are going to get rid of these things. we didn't have a recession for a while. people would sell their house and furniture before they get rid of their cell phone, and 5g, but the real thing i like is so much uncertainty in the market right now, this market is very expensive. this stock is very cheap six times forward earnings and it pays you to wait. over 5.5%, dividend yield.

here's a stock that, again, they're getting rid of some of this debt, focusing on the core business now they can hopefully finally get some upside potential, but their total return should be good with that fat dividend yield during these uncertain times. >> let's look at your final one. that is match group. the dating site falling today decide luke capital initiating coverage at a buy. highlights its position as the top dog in the space and potential for success in the metaverse. it's nearly 50% off the high, but you said this one is a love connection >> yeah, it's, again, a stock that's a little -- it's expensive but not crazy so it's come down quite a bit, so that's positive. one of the things you think about, we talk about these streaming services and how they really took off during the pandemic but they faded, now people are getting out and doing in thes. this is one area where their business picked up it wasn't necessarily during the

pandemic, but as we came out of the pandemic, the business picked up, but it's staying solid. ten years ago, you talk to people in their 20s, they might have been on these match services but they certainly didn't admit to it now, sure, no problem. and everybody is on these things but they have the new technology they have really stepped up with the chat services and the video chatting so the people can get to know their potential dates earlier. >> you seem to know a lot about this, matt >> i have children in their 20s. >> all right >> happily married for 34 years. >> all right hope i didn't cause trouble there. that's what i'm paid to do matt, thank you. >> thank you, tyler. >> and still to come, between war, disease, bad weather, and insect infestations, our food supply is being hit by a quadruple whammy we havthfu dai nt.e e lletlsex

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welcome back, everybody. oats are on your screen. why? they're up 20% in price over the past month, and at the highest level ever, dating back to 1973. this one, the result of drought conditions in north dakota and parts of canada, but seems like there's an explanation for everywhere you turn and food prices are going higher. let's bring in kristina partsinevelos. >> for some people, they have never seen food prices this high

in their lifetime. you have, of course, russia's invasion of ukraine that is largely to blame, but there are numerous black swan events or unpredictable events plaguing your dinner plate. starting with hog disease. a hog disease outbreak shrinking herds in mexico, forcing mexico to turn to u.s. pork supplies, and that drove prices higher, january and february exports from the united states to mexico actually climbed 33% year over year and then of course you have a surge in grain and fertilizer prices related to the invasion of ukraine that have hit meat producers like tyson food and jbs. tyson up 2% today. both bmo and bark barclays are downgrading tyson, and bird flu sweeping the united states, forcing american farmers to kill millions of hens, slashing the supply of eggs and that drove up weekly prices up 44% compared to last year. that has helped egg producers

not only produce positive cash flow but also offset prior losses the united states department of agriculture said this year's citrus crop was expected to be the smallest in more than 50 years. frozen oj prices were up 17% in february compare today last year that's because of an invasive insect disease that damages florida orange grows you think these prices are bad the usda warns it's only going to get worse as some companies move on to second and third rounds of price hikes. >> i sort of feel like the unifying factor is stuff like this happens a lot, and we don't talk about it, but when the fundamentals are set for there to be so much more demand than supply, every little thing matters, and pushes these prices up in a way we haven't seen before >> that's t and you're tying in a war, where that's pushing up oat prices to your point, wheat, and you have so many catalysts affecting the supply chain >> and you think about it, how it's going to affect us here in the united states. it's going to hit as hard or harder in europe >> we'll find out more tomorrow

because the cpi data is coming up we'll see those baskets of fruit and food fruit not so bad, but meat prices climbing higher, and of course, grain. >> kristina, thank you >> thanks, everybody for watching "power lunch. we're going to get out of here and hand it over to sara, a few seconds early. how about that she's ready, i'm sure. >> "closing bell" starts right now. >> thank you, tyler and kelly. always ready stocks are in the red. nasdaq is falling hard, down 1.5% the most important hour of trading starts right now welcome, everyone, to "closing bell." i'm sara eisen here's where we start the week holiday shortened trading week, down 200 on the dow. not too far off the lows the s&p down about 1%. the nasdaq down even harder, down 1.5%, and small caps hanging in there this comes off a down week the only sectors positive are industrials and materials. energy is the weakest link, as oil prices slide further below $100 a barrel. and check out mega cap tech names, something to watch into the close. the faangs are all lower

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