rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. good afternoon, everybody. welcome to "power lunch. alongside kelly evans i'm tyler mathisen glad you could join us on a busy monday it's a big week for the markets, a third of the s&p 500, half of the dow, report their profits for the first quarter. google, microsoft, meta, amazon, will this earnings parade shake up an uninspired market?

plus, bud light's brand battle the company partnering with a transgender influencer and seems to have backfired in a major way. two executives placed on leave we'll examine the sticky situation when companies weigh in to social issues. media bombshells in the past couple hours the latest than as we first get a check on the markets dow is positive, s&p fractionally higher and nasdaq still negative. so let's get a check right now for what are some of the movers on the day. health care giant and dow component johnson & johnson, up a half a percent right now johnson & johnson is looking at plans to put aninitial public off together for its consumer products unit according to a "wall street journal" report and it could start this week the unit named ken view will house brands like tylenol, band aide and neutrogena. j&j could look to raise $3.5

billion. let's get a check on the energy complex rallying to a large part in oil prices. u.s. benchmark prices up 1.5% for wti crude. energy the far and away best performing sector on the day marathon, exxon, among gainers as you can see there every stock in the sector is higher on the day. we'll check now first republic, the single best performing stock in the s&p, the embattled region lenders up 11% reports after the closing bell, arguably the most important regional bank earnings report of the season those shares as you can see lost 90% of their value in the last 12 months alone and options traders are expecting fireworks, big swings in this stock post report and pricing in what could be a 26% move up or down in that stock. we'll keep an eye on that. over to kristina partsinevelos for a view from the nasdaq what are you checking snout. >> i'm checking out shares of memory maker micron on the nasdaq 100 after the ft reports the u.s. is asking south korean

chip makers like svb and hk hynix not to step in and fill you up the gap just the dynamics causing the stock to drop 2.5% tesla not getting as much love eat frontrunner wall street with price targets and rating cuts after the company posted weaker than expected gross profit margins, some institutional shareholders who say their holdings $1.5 billion, penned a letter to tesla's board asked them to rein in elon musk. tesla down 2%. speaking of ev, shares are rebounding after last friday's sell-off there are reports that chile would nationalize its lithium industry but yal ber marl's ceo was on friday and said existing mines and contracts in the country would not be affected so that's why you're seeing that almost 6% rebound.

weakness from tech names like pdd, pinduoduo, down 4.5% and jd.com down 3% no major catalyst aside from maybe the china reopening play starting to fade. >> thank you kristina partsinevelos we begin today with a string of major headlines in the media space. the exits of major on air talents at fox news and cnn, tucker carlson and don lemon are out. this along with the exit of nbc universal ceo jeff shell after admitting to an inappropriate relationship with a company employee julia boorstin is here we're seeing move especially in fox shares today >> that's right. we're seeing some moves among these media stocks after the three high-profile departures of men in media roles cnn announcing parting ways with don lemon, saying he was stunned and did not hear directly from management, which prompted a

response from don lemon -- i'm sorry from cnn to don lemon, quote, the statement about this morning's events is inaccurate, saying he was offered an opportunity to meet with management but released a statement. on twitter lemon has been criticized for making offensive comments about women and his firing does come after layoffs and cutbacks at cnn. meanwhile, over at cnn's rival fox news, fox news media announcing it is parting ways with long-time host tucker carlson and that his last day was this past friday shares dropping on news of the loss of one of fox's top rated anchors who was one of its most controversial. his departure notably comes after a discrimination lawsuit filed by a producer on carlson's show and after fox's settlement with dominion. all of this comes after yesterday comcast announced that

jeff shell, the former ceo parent of nbc universal would be leaving immediately following an investigation into what shell called an inappropriate relationship with a woman at the company. comcast ceo brian roberts announced that shell's senior team will now report to comcast president mike cavanaugh and sources tell cnbc that company does not plan to immediately replace shell. comcast earnings are coming up on thursday morning and we will learn more then. guys >> i don't know where to begin but why don't we begin with fox because the stock move seems to be the most dramatic there are there any rumors as to what or i shouldn't say rumors, what can you tell us about the reasoning behind this departure, if we know anything, and whether there may be other shoes or stilettos to drop? >> look, i think that the fact that there was that big

settlement with dominion and the fact that tucker carlson and his show played such a key role in the middle of that, the idea that his show was specifically spreading misinformation and disinformation and was such an important part of that settlement at great cost to fox, is not to be underestimated. there's a report out, i believe it's a report from the "l.a. times" saying rupert murdoch was personally involved in the decision to end the relationship with tuck are carlson. i'm sure we will learn more there. and then that, of course, ties in to this discrimination lawsuit filed by a producer on tucker carlson's show. so i think that's a key piece of that as well and, of course, those things are certainly intertwined. >> has carlson been heard from >> i have not seen a statement from him yet, but this, of course, has all just started breaking in the last couple hours. so all new news if you will. >> all right julia, thanks very much. we appreciate your reporting there. a lot to watch as we start

this earnings week earnings will be in focus with 34% of the s&p 500 reporting among others, technology companies big names on deck, let's bring in stephanie link, chief investment strategist at high tower and a cnbc contributor and also with us our own steve covac. steph, let me start with you, as you look at what we've seen so far with earnings they seem to be tracking where they usually do, with more of the companies beating estimates and a few missing. >> it's been pretty good, right. about 17% of the s&p 500 have reported about 76% have beaten. 20% have missed. so far so good the biggest surprise, tyler, to me is consumer staple and how resilient they have been in the face of double digit price increases. they're still seeing very solid organic growth you guys have been talking about coke, on friday p&g, l'oreal a

gang buster number out of china, these stocks are expensive but they have surprised by being so strong and resilient in the face of all the macro uncertainty so i actually am feeling better, at least at the starting point we'll see. we have a lot to get through this week. >> i was surprised to read that ge is -- i don't want to jump ahead here -- one of the names reporting, but ge is up more than 50% year to date. why? >> i know. it's been a great one. because they spun out ge health care and they're going to spin out the renewable business in january of next year, so it becomes a much more simple company a pure play on aviation and that's the one thing this company has done an amazing job at it's world class so now we can focus on aviation, we can focus on the secular growth trends there, on aftermarket which carries higher margins and free cash flow if there's anything you want to pay attention to on ge it's free cash flow. they better do between 3.4 and

4.2 billion because that's what they guided march 9th. >> what do you do if they don't? sounds like you're going to come after them i would love to see them. >> i am going to examincome aftr them. >> with what's coming up in tech. >> measly 5 million in market cap reporting. >> not apple. >> apple is next week. they have an extra week. wonky in their fiscal year that puts everything back tomorrow we get microsoft and alphabet, two a.i. kings, battling it out to see who can win the a.i. race, particularly in search but other products microsoft today but out a blog post kind of bragging about all these clients they have already using a.i. that, you know, such as mercedes and other companies like that. and then the comp business, both of these companies big in the cloud, slowing down because

we're seeing i.t. spend slow down across the board. we get into the social stocks. meta and then their year of efficiency, this is when we've gotten through all these a.i. or these layoff announcements, gotten through the cost-cutting announcements and now they have to show their work and what comes out of that. and by the way, layoffs might not be over and we get amazon thursday. >> what a week >> aws also having some issues, headwinds, same as microsoft, with i.t. spend going down, they're getting big into a.i., announced a bunch of stuff we talked about on your show and just the consumer what andy jassy told andrew ross sorkin, consumers trading down looking for deals. what does that mean? it's a lot to digest. >> did you talk to kelly before you come here? >> she has her own show before this it's crazy. >> that's right. >> sometimes it's just me and

her, you know. >> satephanie, a couple stocks n your watch list are ge, ge related, health care and ge? >> yes ge health care, so they were spun out by ge and this stock is up something like 45% year to date since the spin. and again, it's because spins work they get -- they're more simple, right. this is a great company around 125 years, but it kind of got ignored because of the problems that were happening at the parent company spins usually work because there's more focus and attention. they have a billion patients worldwide and a 4 million install base and they have a lot more that they're doing in recurring revenue and so that's going to help margins and help growth their margins are kind of depressed and i think there's a lot they can do there on pricing power relative to their biggest competitor seamans. >> i saw we spoke to carter a few minutes ago and in a case of would you rather, google versus

microsoft, he said he would go with google, and i'm curious, you look at the stocks all the time, what's your thinking lately on kind of where would you most like to be within big tech as we get into earnings this week? >> so the only one i own in the f.a.a.n.g. complex is meta and i suffered with it as you know last year, all of last year. i would say just be careful on the cloud because you are seeing a pretty big deceleration. google the number is 20% for their cloud business amazon the numbers have come down to 10%. this was in the 30s for quarters and quarters, so be careful. meta it's all about the second half trajectory on revenues and if they can monetize reelz along with the cost-skcutting story. >> why not take a 10% estimate for amazon as an entry point >> well, look, i think amazon, it's hard, right, because, a,

they're seeing a sdeceleration i cloud and then you also have trade down happening at the consumer i do understand the total addressable markets are really compelling right. like workloads are still on prem 90% of the companies out there touch a tailwind for cloud and they only have 1% worldwide share on online retailing. there's a lot they can do, but i just think the valuation is not -- it's not attractive, 45 times, it's had a nice run, up 20%, and i just think there are a lot of moving parts at this point and find other valuations a little more compelling >> steve, as you look at those tech companies and i know you follow very closely, what is the one that you will really have your eye on because it's - >> i'm going to say apple but that's next week let's talk about i love looking at microsoft because they tell us so much about -- they're such an international company and touch so many things we will learn tomorrow about foreign exchange getting better

for these companies. that has been hurting microsoft quite a bit. any -- we know the dollar is getting weaker and how is that benefits them is going to affect other companies too and then the overall i.t. spend, we know that report we got a couple weeks ago, pc sales falling off a cliff again this quarter means really bad news for the windows business at microsoft that also just says people aren't spending much on i.t. which is bad for the cloud business stephanie talks about deceleration, that's the theme of the week. top line, minimal, flat, down for apple. it is -- that's why we're seeing so much cost cuts, protecting the bottom line growth that thanks very much appreciate it. good to see you. >> thank you. still ahead bud light's brand back lsh continues following weeks of controversy over a campaign featuring a lbgtq tiktok star. the two executives are apparently going on leave. how did the company disconnect from its core consumer in the stock down after the backlash

began, but it's come back and up 9% this year 3m down 12%, facing one legal battle and now staring down another big headache. first up next, a climate conflict of interest turns out many state leaders are targeting climate investing and attacking esg and they have duiet stakes in the fossil fuel instry it's all coming up on "power lunch. ♪ ♪

the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪

esg has been a point of contention for many politicians, specifically republicans including instances of state funds pulled away from firms like blackrock that have adopted such esg policies. now cnbc learning that many of those state leaders targeting climate investing have quiet stakes in the fossil fuel industry cnbc.com political finance reporter brian schwartz has more. >> what we've learned over the course of reporting for a number of weeks now is that there are a few state leaders we're talking about people like at the rank of treasurer, comptroller, chief financial officers for their states, owning and purchased stocks or other equity interest in the fossil fuel business while in many cases defending the fossil fuel industry publicly and taking on esg investment standards at blackrock and the like when we spoke to lawyers who are ethics experts, who used to run the busch white house ethics team years ago was saying that

base basically this appears a conflict of interest because again, these are powerful executives at the state level, leaders, who have the power to move money around based on their -- >> they have control of some state funds that would be like a state purpose fund or something like that. >> meanwhile they are potentially profiting off the fossil fuel business -- >> dot pro esg state leaders have quiet stakes in clean energy companies that would benefit from their legislative push >> not that i've seen so far there have been smaller companies here and there that i caught wind of when looking through the disclosure, but nothing as big as exxon and chevron. we're talking about the giants that we really found in this, conoco phillips. some cases look, the fossil fuel business is a big player in some of the states like texas and missouri, so there's the other side of it where they could say this is an industry thing that we're interested in, but in their positions that they developed over the last few

years, they have become defenders of the industry. >> i'm surprised these state officials are as free as implied by this reporting to invest anywhere, wherever and whenever they want? >> it is interesting, right. that's part of the story, where there is really no clear state regulations, at least the states that we went through we went through half a dozen of the states, read on cnbc.com to see what we touched on here. there are no clear state regulations to push back on the leaders on what they can own and when they can purchase it. scott fitzpatrick auditor of missouri, told us he has a broker essentially adviser buying the stocks and doesn't have power over what that person goes off and decision making skills on the front. he does own the stocks and has a stake in this industry. >> congress can't come up with ways, should we expect state leaders? unfortunately it's a gray area and i wonder to your point, are there other agendas where people

have -- when we say stakes, we were talking about shares of publicly traded companies. >> correct. >> do they own clean energy is a newer energy, aren't as many companies although plenty of solar names, in other kinds of industries as well or probably ripe with conflict of interest, share ownership or business ownership in some cases from people who came from those positions in the private sector. >> that's right. we've seen this come up on capitol hill as you mentioned. this has been an issue in congress and over and over again, the past few congressional cycles we've seen people, including nancy pelosi, whose husband owns tons of stocks and she's been bringing up and other leaders have said we'll bring up a bill that will take on this problem in washington and hasn't come up and gone to a vote in any way shape or form. to the state level, of course there's no movement in that direction either. >> all right thank you. thank you very much. >> brian schwartz. further ahead, is it always sunny for ryan reynolds in seems to be a business machine

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welcome back to "power lunch. look at the gains in the dow look. >> monstrous. >> monstrous gains. >> rip roaring >> bob pisani has a way of making a flat day look interesting. bob? the challenge is yours. >> my entire career is base odd than idea, basically thank you for that, tyler. narrow range and narrow leadership that's the problem, tyler, to summarize it there are things moving confined to defensive names, health care stocks and consumer stocks have been really the leaders in the group. we've been talking about mcdonald's every day, new and high, procter & gamble excellent report overall there we had coke, great pricing power. that's right near -- that's been moving very well walmart has been looking well recently that's at the high for 2023. merck close to breaking out. and there's only a very limited new high list, but it's all the consumer names, mondelez is

sitting there, yum brands. crocs at a new high. a clorox, a defensive stock. also sitting at a 52-week high so we don't have any breakouts on top of that as tyler referenced we have a narrow trading range, not just today, today is about 20-point trading range, typical day the s&p will move maybe 40-point trading range so this is a narrow range on a daily basis, but even in the last several weeks, we've been an unusually narrow trading range and try to figure out what second half is going to look like it's really all about what side of the soft landing are you on people talk about the risk to earnings, a lot of people talk about margin risks, pressure risk, but it's pretty clear that big risk is the soft landing doesn't happen that inflation is high and going higher and that the fed remains hawkish, that the market is not positioned for this. rather, the market is positioned for this to happen but people do not want to believe it's going to happen which is why you have so much skepticism out there and

people don't believe the market is correctly pricing in and don't believe that earnings estimates for the second half the year are correct they are coming down but not much at all so far the soft landing crowd is still winning the day. back to you. >> may look, you know, quiet on the surface but we're kind of on a knife edge here. bob pisani let's get to the bond market now. rick santelli tracking that action in chicago. lots to worry about the debt ceiling, rick. >> yes lots to worry about the debt ceiling and, of course, there's a lot of questions as to why we are all being forced to worry about the debt ceiling when it's darn obvious that debt needs some type of a constraint at some point politicians aren't going to wake up to reality any time soon. look at a chart starting on march 1st for 2-year note yields they peaked at over 5% that is something to pay attention to because it certainly has gone very rangy since then

if you pair it up with the dollar index it's clear that dollar index's fate is all bundled up with what's going on with interest rates and what's going on with interest rates is bundled up into two various packages the fed is going to be done and the economy has slowed we've seen big revisions to the jobless claims, big drop in jolt, we've seen banking issues, there's a lot of moving parts here in that chart and finally, if you look at 2s versus 10s, since last wednesday, we hit important technicals an started to come back down, you'll see there's not a lot of movement on the yield curve either these are important symptoms we have reversed, and it seems as though interest rates have seen their highs. kelly, back to you. >> rick, thank you very much let's get over to seema moody for the cnbc news update seema? >> good afternoon. the update at this hour. the supreme court said it will decide whether public officials can block critics from

commenting on their social media accounts this comes two years after former president trump blocked critics on twitter and a lower court said the move violated the first amendment. the supreme court dismissed the lawsuit after the justice department said the end of trump's presidency nullified the case. senior officials telling the ap that president biden is set to unveil new efforts to protect south korea from north korean attacks during a state visit he according to the officials, biden will detail specific new nuclear deterrence efforts among other initiatives to highlight the, quote, breadth and depth of the relationship between the two countries. and shakira set to be named 2023 woman of the year at billboard's latin women in music event. the pop super star receiving the honor for his contribution to the music industry and bringing recognition and opportunities for latin women across her career billboard representative said shakira is the, quote, ultimate woman and music. i have to say, probably one of the best dancer.

tyler. >> indeed. hips don't lie. >> yes. >> thanks. ahead on "power lunch," bud light continues to face backlash from conservative consumers for its ad featuring a trans tiktok star why did this happen? at the core a fundamental misunderstanding of its customer the one they had and wanted. they're overestimating their ability to win over yoge yersunr that discussion is next.

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welcome back two bud light executives behind the recent controversial ad campaign are reportedly taking a leave of absence what led to this it kicked off april 1st when the company began a partnership with dylan mulvaney, a move part of the strategy from alissa heinerscheid who was hired around a year ago to shake up the company's image and win over younger consumers. after all, gen-z drinks 20% less beer per capita than older generations.

overall seemed like a plan, partner with an influencer and woo 10 million followers it's worth mentioning this was not the company's first pro-lbgtq campaign it backfired. leading to a significant initial stock decline losing the company roughly $5 billion in market cap, though it has come back we asked the question what went wrong. here to discuss is dean crutchfield, ceo of crutchfield and partners and tony upontero and worked in marketing for anheuser-busch for 26 years. welcome to both of you indeed, you know, bud could have doubled down and said no, this is what we're doing and trying to reach the next generation now. they seem to have gotten hit kind of both ways here. >> absolutely. the purpose of a brand is to unite people and bring them together as a sense of community. instead we have a brand in crisis that has created a rainbow of -- for itself assumption is the almighty

mother of mistakes. there's assumptions being made, mistakes made in the planning and research and direction of what they've done here there has been a calamity for the brand for the success it has not had so we have a stock that's, you know, dropped, we've had a market share that's going to decline potentially and revenues that could tank. it's a crisis. instead of die dee nag and deflecting the situation this is about the best defense is an offense and what other tricks in the bag do they have my concern here is was this the only campaign you were launching for the summer i mean, isn't there somebody in the room with the millions of dollars you spend on marketing advertising and research that might have put their hand up saying this is bold, and ambitious, but we might alienate our core customers

know your customer, knowing your brand and not taking crazy risks. >> react to what dean said there and take us inside the room where you've been where these marketing calls are made in terms of who we're going to hire as an endorser of our precious products at anheuser >> step number one, your brand, bud light, that's the image of what you're selling. the minute you put a face, anybody's face, on the can, you're now taking away from what you've been building for 40 years because people see themselves in the brand. in other words, i drink bud light because i like what it says about itself, i like the product itself from taste profiles, et cetera, but the minute you put a face on there, that's a whole different image it has nothing to do with the

authenticity of what the brand is about the second part is, a lot of new marketers forget that, take bud light, 70% of bud light's volume is probably someone 35%. baby boomers like myself who grew up with the brand, continue to drink the brand and as they focus on the small new entry level drinker if the older consumer thinks you're not talking to me and just focusing on a small target they will go away once a beer brand particularly starts to lose its customer base, it never comes back. there's never been a brand to my knowledge in the history of beer that once it eclines and that it returns back to itsnormal state. >> what -- i just want to point out, it was interesting about putting anybody's face people do this with influencers. a couple friends of mine are influencers on nut butter and things like that the point is it's supposed to be a mirror for you to see yourself

in it. interesting point to corporate america moving in this direction. when you said no one successfully makes the transition, what about nike? there are brands in the marketplace that represent and really kind of lean in to socially hot button issues on the progressive side with the younger generation and do so with great success and yet, still have plenty of older customers and what not if bud light said we're trying to nike ourselves what would that look like >> it's really trying to be something they're not. nike's whole campaign from day one was to be this very sort of young, irreverent, noncorporate kind of position it was baked into their history. bud light's history was, we need to establish you not to drink miller lite which had a head start six years before bud light was introduced and what we're going to do is be sort of collaborative, co-ed

if you look at the history of bud light commercials, before inbev bought the company, it was about having fun, exclusive co-ed, you know, activity, and that's what it was known so when you start -- and listen, as a beer drinker, you want to get away from the daily grind, right. you go to sporting events and have a beer. you go to a game you don't want to be caught up in the political voices of what's going on. that's not why you're drinking beer go ahead. >> tony, forgive me interrupting because we're running short on time i'm fascinating by kelly's question there i think it's a really, really good one what is it about beer and beer drinkers that got anheuser-busch inbev into such hot water with its consumers? why couldn't they do what nike did? >> well, i think the fact here

is to tony's point is that if you think about bud light and i like a bud light too, and i'm a middle-aged white man, but basically, it's about fun. it's about family. it's about friendship. you know, that's what bud light does that was its position. its clear position you could have fun, bring friends together, have family and the bud light is in the cooler that position they eroded by this erroneous decision they made it's fun, family, friendship don't forget we're celebrating life we want to forget the day or enjoy ourselves, crack jokes and relax and kick back. this isn't about politics. it's fun, family, friendship, important things in life. >> dean and tony, thank you. >> developing news on the departure of nbc's universal ceo

jeff shell. >> tyler, that's right we have an update on the firing of nbc nbc universal jeff shell. cnbc international anchor hfile complaints against jeff shell according to her attorney who shared the statement quote, the investigation erodes to a complaint by my client. given the circumstances it's disappointing my client's name released and privacy violated. we reached out to comcast which did not have an immediate comment, but comcast did say yesterday that shell was fired following an investitigaon into an employee complaint. an employee complaint. "power lunch" will be righ the biggest ideas inspire new ones. back 30 years ago, state street created an etf

that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪

welcome back to "power lunch. more legal headaches for this morning the industrial giant facing new lawsuits connected to its production of so-called forever chemicals which have been linked to health risks, and it comes amid its ongoing battle over issues with its military grade ear plugs. seema moody here with more. >> tyler, 3m is facing lawsuits

from states like maine that allege the industrial giant along with other manufacturers knew the health risks tied to the toxic chemicals but concealed the information. >> it was a product they were creating, we believe it's a product that they knew darn well was a dangerous product that was going to live forever. >> 3m is ending production of pfas by 2025 the first bellwether trial set for june a provider in stuart, florida, alleged contamination a research team says pfas manufacturing is potentially a multibillion dollar liability for the company, substantially in excess of what 3m has in reserves and does come as the industrial giant is battling those earplug lawsuits launched by thousands of plaintiffs earnings are on deck tomorrow and investors will not only want an update on the legal risk it's facing but also on the plans to

spin off its health care business which is the highest margin business that it has that is expected to allot some liquidity. >> reminds us of the ge health care spinoff and talking about how these spin-offs have been lucrative. >> big trend across the industrials and you could argue the health care spinoff at ge has done well. look at the stock performance year to date and not only as well as ge on track for its best year since 1982, so we're certainly seeing a number of industrials find ways to simplify their businesses and easier to digest for investors i will be talking to larry culp tomorrow as well. >> it's interesting how many spun off units, some spun off units in part because of legal controversies that they've gotten involved in i'm thinking of johnson & johnson, here's yet another one. >> exactly. >> great point yeah. >> thanks. good to see you. >> still ahead, pacemakers big movers of the day and a three

stock lunch when "power lunch" comes back right after this.

lunch. here to help us trade them is the chief investment strategist at er shares good to see you. let's look at mcdonald's buy or sell for you? >> i would say hold for this one. i like the fact that over the last 16 years, even though revenues have been flat, management has done a great job squeezing margins. the profits and margins almost doubled in the last 16 years, i like the fact in the last two years, in an inflationary environment, even though their costs were coming higher, the prices went higher faster. so they were able to increase prices much faster than the cost increases. so the margins widened i also like the fact that their yield is almost 2% they've been able to steadily increase it over the last two years. very good dividend yield here.

i have it as a hold and not a buy because their valuation is almost two to three times their peers and the stock has never been higher. it's at an all-time high, which obviously is a safe bet if we're heading into a recessionary environment but i would not buy it at this valuation >> the next one is medtronic what do you think here >> so, this one is a short-term buy. i like the fact that the valuation is one-third below their peers. also they recently got an fda approval for their insulin pump. that can be a short-term catalyst investors can take advantage of this in the short-term however, we need to remember that over the long haul, this company has been an underperformer for more than a decade the revenues have been flat in seven years and the margins have been steadily decreases in the last 20 years. their fundamentals do not look that good. a short-term buy, monitor it

closely and make sure you don't hold it for the long-term. >> i want to bear down on what you mean when you say short-term buy. is there something that i -- if i follow your advice, i buy it, is there a moment in time where you would say okay, get out now because x has happened what is that you get my drift >> yes monitoring the news closely. they recently got this fda approval and the news will carry over the future months when that fades out and investors are taking more -- yeah, they notice the fundamentals, which do not look that good, it's a good time to start considering takes profits off the table. that brings us to first solar. you're not a fan here. i would say sell so, that's definitely a sell for me actually. the relative valuations is three

times their peers. what is interesting to note is in an environment where oil prices and energy costs have been rising, and that has benefited the overall category, i don't understand how this company cannot make money when everyone else in their sector is making money in fact, also the revenue growth is negative 10% when the rest of the category is averaging plus 50%, and their ebita growth is negative 100% when the rest of the category is up 40% so, the fundamentals do not look good they cannot make money i would say it's a sell for this reason >> ava ados, we'll leave it there. thanks for your time >> thank you coming up, ryan reynolds busy weekend, a soccer championship, and a potential snag for his mint mobile dl.ea all the details when "power lunch" returns mountain? a tree weathering a storm? (thunder) lions? nope.

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and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. one more thing before we go. it was a whirlwind of a weekend for the 2022 cnbc stock draft champion, ryan reynolds. the welsh soccer team he co-owns winning a league title and promotion into the english football league. the department of justice is reportedly considering blocking his deal to sell mint mobile to t-mobile because of antitrust concerns dominic chu has the details. >> so, the mint mobile deal is a story, according to the "new york post. what is going on is there's a

possibility that the -- according to the post any way -- that the doj's antitrust division is looking into whether or not there could be antitrust concerns whether or not having t-mobile buy mint mobile for $1.35 billion that we could see more regulations put into play and it could impact customers and the prices they pay for mobile that's one thing to put on the radar. the other thing, as tyler mentioned, this promotion for wrexham into the english soccer league that's a big deal here, it's reynolds-backed as well. let's talk about the stock draft. with the mountain goats, whether or not we do see some kind of a defending repeat champion type situation here, it remains to be seen remember last year, there was netflix and ford that really got him the title and netflix had a huge banner year last year >> real quick comment on the deal stuff it would fit with this administration where people think there is broad hostilities

to anything getting done the fcc stepped in on the tegna deal whether this is firmed up or not, nobody would be surprised if mint mobile -- we were joking about how he's a billionaire if that goes through, but maybe not. >> the reports put the pay day for mr. reynolds in the upper region of $270 million if this deal were to go through. there were a lot of money at stake if this were to fall apart. >> how many more wrexhams could he pull off if he has that type of capital >> no doubt he has proved to be an astute investor, but the curious part to me is whether or not some of the lessons learned during the reynolds win last year in the stock draft will influence other players and participants this year i remember when he first drafted him, he went with what he knew he had a number of titles and

properties between six underground, red notice and everything else coming out i don't know >> this proves in the stock draft, you have to hit a home run. >> he hit a home run for sure with netflix and countered anything that would have happened anywhere else >> good to see you >> good to see you >> thanks for watching "power lunch. >> "closing bell" starts right now. welcome to "closing bell." i'm mike santoli in for scott wapner we are live from post nine of the new york stock exchange. we begin with the ongoing tense standoff between bulls and bears. the indexes continue to coil more tightly ahead of crucial tech news and earnings the s&p 500 almost on the flat line for the day one bright spot is first republic shares, they're up 8% on the day, which does lead us to our talk of the tape. a bellwether of regional bank stress first republic set to report