welcome, everybody, to "power lunch." alongside kelly e-vance i'm tyler massson. >> welcome back. >> didn't miss much. >> nothing went on. it's a busy week and going to continue. earnings from microsoft, apple and amazon. big fed meeting on wednesday. here to kick it off, managing director at dcla and cnbc contributor. well. >> thank you. >> before dive in, your state of play, dow down 7, call it

unchanged. s&p 0.2 gain. nasdaq a little better, small cap russles are lower and shares of mcdonald's rising keeping the dow from being more negative today. up 4% despite their first drop in worldwide sales since 2020. down 11% year to date. pricing some of that in. lower income consumers are visiting less often. in fact, let's bring in kate rodgers for more of these details. what have we learned? >> hey, so it was, obviously, a tough quarter for the fast food giant missing estimates across the board, second straight epps miss. same-store sales those missed the mark in every segment. in the u.s. down .07% as the ceo said its value leadership gap in the category had shrunk adding the consumer slowdown was most pronounced with low income consumers. take a listen to what he had to say on the call. >> you're seeing that consumer is eating at home more often and seeing more deal seeking from the consumer, and you're just seeing, i think, a trade down

even within either units per transaction or mix. all of those things for us are indicators that the consumer across a number of these markets is being very discriminating. >> now the theme on the call was all about value. no surprise there. finding the right offerings to resonate with consumers globally because this isn't limited to the u.s. it's important to note that $5 u.s. value deal began june 25th and not reflected in the quarter which ended june 30th. while 93% will extend into august management does seem keen on continuing it further. executives said today franchisees have the ability to invest in extending this and working through the profitability with owners now. a little bit of a public push from management to continue to offer this adding it has boosted traffic and as you said, mcdonald's stock higher by over 4%, lower around 11% year to date. back to you. >> i think it's just a really important thing, kate, to say

mcdonald's is negative. was it globally or just in the u.s.? >> globally. it missed the mark in terms of analyst expectations and what it reported but the key the market 0.7% drop there. so key number and very important, but they're trig to fix this with a lot of value offerings. >> value value value. okay. got it. kate, thank you very much. appreciate it. while there have been some bright spots in earnings so far this quarter reports are showing consumers are feeling the pressure of higher rates and inflation especially lower end consumers. we turn to sirrat who joins us for your impact. are we belaboring it? does it make sense? i'm confused about what the narrative is about the consumer right now. >> i don't think this is a one off. if you look in the last couple weeks, chipotle, starbucks, pepsi, nestle not showing top line organic growth like they

did. >> despite the fact that prices are higher. >> that's the reason. >> and that's right. the prices are higher so not growing the sales. >> so for the last couple years you could raise prices, everybody was raising prices and the consumer were spending. now saying hey, i'm not going to do it so weight going to happen next is we're going to go to the price to value equation, what we did precovid. what are companies going to do? cost cutting now. you're going to see input prices. where can they get the most? they will start cutting in terms of supply chain and people. so that's where we're going to get this. interestingly enough this is where the fed is looking. >> going to cut costs not prices? >> no. you'll see shrink inflation. see it already. >> see it in the cafeteria, the fruit cup i used to get is this big. it's gotten smaller >> the companies that can get that best price to value, are the ones that are going to do well. you're seeing that -- >> who are they? >> i think it's the coke of the world, pepsi can do it as well.

i think nestle will do a good job. these are brands that people want and i think that's what you really have to focus the companies spending on r&d and marketing will do it. you have to be careful because they also have the global reach, right. they can buy globally and cut costs. so that's a big advantage that some of these other brands are going to have. you have to watch that. you can see on the multiples of some of these stocks, right, mcdonald's trades at over 20 times earnings. so does starbucks and nike. so you're going to get valuation resets, especially if the growth rate is not going to be there anymore and i think that's where the market is looking. >> that's why i'm curious about png. they're going to report in the next 24 hours but the stock has been doing nicely. you think shouldn't they be a prime candidate for some place we could see disinflation pressures, margin pressures, consumers pushing back? >> i do. i think p&g has china exposure which i think -- if you look at

the luxury items or companies and p&g, that's where they're seeing some slowing in growth. the consumer whether high or low end is not buying there. i think p&g it will be interesting to see. you'll have that talk about cost cutting right away and we can do all this stuff, we had costs come through the system and now we'll do than. interestingly enough, this is what the mag seven did last year. >> the year of efficiency. now the consumer products companies. >> consumer product companies year of efficiency and the mag seven are spending money on capex. you have a role reversal but the market is not rewarding some of these companies as defensive because they're saying hey, we have to see you grow. >> and to tyler's point at least the mag seven had pricing power, here they're trying desperately to hang on to the price they've taken instead of cutting that price. >> it's about operating leverage. >> sorry. >> that's where the cfo will come in. >> let's shift gears to earnings. we've got a big week ahead with four of the magnificent seven companies.

microsoft, meta and amazon and apple all reporting results this week. combined they account for nearly a fifth of the value for the entire s&p 500. investors on edge after last week's disappointing results from tesla and alphabet. those sent the tech sector spiraling into correction territory. i was oblivious to all of it. for more on what to expect bring in dan newman, ceo of the furrum group. what do you make of the two sort of faulty or unfavorable reports last week? what do they tell you and what do they tell you about what's coming up this week in those four stocks that we just referenced? >> i think the two are very different. tesla is a very different animal right now. you have a company that people are betting on whether it's a real ai company, humanoid robots, the future of autonomy, or are they just a car company? they've gotten way ahead of themselves. that's the forces that are sort

of opposing and see it run and pull back. you know -- >> what do you think it is? what do you think tesla is? >> i think it's the ai company on a much longer horizon than most investors witness to believe. i think he's going to get there. they're solving big problems with electrification, with power, with the humanoid robots. everything he's said throughout his tenure has been off by a matter of years in many cases. are we going to get there? yes. what's your horizon? if it's longer you're probably in gad shape. alphabet, i didn't think it was so bad. i understand why the capex pressure is creating a lot of nerves for investors. if you're trading it you're probably super uncomfortable. if you're investing i would be looking at these companies and if they're not putting big dollars, these strong balance sheets into ai i would call it their potential blackberry moment. it is it. >> is this a moment for a company like google that has not existential elements to it, but really game-changing challenges placed right in front of it?

>> look -- >> they've owned the board. >> well, their search business has a real challenge. search gpt and these other players are coming into the space. having said that no one has made a dent on that business yet. the cloud business was long in chaos and now it's become quite profitable and they're on a good trajectory. they're building silicon infrastructure will give them vertical integration and they have to make the investments. i don't see a way for any of these mag sevens to not make these big capex bets. i would look and say if you're noting may these big bets are you in the steve ballmer moment saying no one is going to send e-mails from a touch screen and, you know, we just tend to get those moments wrong. >> and i think on google, you know, you also have the youtube piece that's actually doing well and accelerating and that was kind of a negative because it wasn't as much as people thought. this is trading at 20 times next year's earnings and growing double digits. and what do they do at the same time? reinvesting in the business. that's what you want.

what facebook did when they said we're going to invest in the business, stock sold off, much bigger than what google did. i think to your point if they're not reinvesting in the business then this becomes a depleting asset. it's like just an oil well that's giving off cash without drilling and google is always the one that kind of -- people look at and say the search search search, but bing came out and how many are using bing. there's a threat, but in the near term as these companies produce, gigantic amounts of cash flow they have the ability to reinvest and buyback shares. >> i was going to ask what that tells you for the earnings we have this week? any way you want to try to get ahead of what we might hear from these companies? >> i'm a techno optimist, but i think microsoft will show up on this particular earnings. saw strong cloud numbers from google. i think microsoft will follow suit. i think we all want to hear about the adoption of ai. we want to hear are the customers using it. >> anecdotically, i'm sure

you've seen this, some of the surveys suggest they're not getting -- >> i read some of these. >> not a lot of bang for their buck out of copilot. maybe we're quibbling over the details of a rollout but it feels looic a significant data point to maybe say is this as productive as hoped? >> the sequoia and goldmans are saying, you know, they're indicating we're never going to get value and seem like we're hitting the wall with ai. i think it's the time to value. we're looking at these digestion periods how fast do companies get value. i talked to bill become dermot after servicenow. >> big quarter. >> with now assist and building these systems that can connect your own data with the open available data and putting it to industries and making it a subscription. that's what microsoft needs to do and google needs to do glue d do you think servicenow is ahead of microsoft. it's different. microsoft has democratized it in the productivity suite. in the enterprise it's more complex because you have to take

these two data sets and you've got issues with data rights privacy and security. we know what goes wrong when security gets missed. i think service now is breaking new ground, but i think these companies have to start proving this $600 billion problem is going to be solved. you need to talk about the timeline and show numbers now. how important is this quarter for apple or is this a quarter that we can -- that we can casually kiss off as the quarter before the quarters that start to matter? >> i think you're -- i would say yes, it's not as important this quarter. it's going to be how is the ai that they're talking about going to be used to your point where you're just saying it in microsoft, what are the consumers going to use the ai for. >> yeah. >> is it so we get more stickers and things like that or really enhancing so i'm going toic -- to take that upgrade which all the people that don't have an iphone 15 and below don't have.

apple won't say anything. the upgrade will come. is this the huge upgrade. what is the services business going to do. that is the huge operating margin they have. >> we need to see indications that this apple intelligence moment will create the super cycle we keep hearing on the shows right here. i think there's indications it's going to be strong but we have the copilot pcs, next generation apple devices. people need value. the story of ai across the board is value from all this capex investment. >> i hear you hinting the pcs are going to offer the values but the numbers on china are not promising. fall into the number four handset in the market. >> six. >> six in china. >> that feels like a development that happened quite quickly. do you think it's priced into the stock? >> i think people are quite optimistic based on the action on the price on the stock. i think people are still kind of writing off what's going off in china. seen it with nvidia and apple, having said that, i do think if they get apple intelligence right, it is going to be a

paradigm shift for the company. it's been lateh ai. but this is the moment that everyone is waiting for. >> one last thing, tesla and apple get the benefit of the doubt. think about it, the others don't as much. amazon spends too much, stock gets killed. apple and tesla it's the future. >> implicit is a warning if that flips on the stock, we could see a different -- a bit of a loved brand. >> daniel, thanks. thanks for coming in today. after the break, bitcoin 2024, donald trump promised to fire the sec chair and build a bitcoin stockpile. stay with us on "power lunch."

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globe. bitcoin is lower today. joining us is mackenzie, mac as you call yourself. welcome. >> hey go what's going on? >> because of all the things trump didn't say. he made promises but these are things he's been repeating on the campaign trail and moreover than that, the u.s. already has this stake of bitcoin around $14.5 billion that it's gotten in the seizures an usually the u.s. service will sell it off and he's saying let's keep it in a stockpile. the thing about keeping it in a strategic stockpile it's tapped by an executive order. he's going to hold on to it we'll see about that. what people wanted to hear we're creating a bitcoin reserve to buy bitcoin and, of course, we saw senator come on stage after trump and say she was going to put forth the legislation within the next few days, 1 million over the next five years, even if republicans sweep the white house the house and senate, getting politicians on board

with the idea of u.s. taxpayer dollars towards buying bitcoin might be a hard sell with voters. >> depends on how much money they're throwing at politiciansp i'm curious the way that crypto has gone so mainstream? >> i think it's interesting because you look at crypto most things come from the institutions investing. this is coming from the retail side. >> or is it now institutions? >> they're starting to. the retail side is stronger and even though the sec now has given their blessing to certain parts of the crypto world, i think this is also becoming a political hot button to say are you with us or against us? i think this is kind of -- and it's a reversal for former president trump, right. before he made fun of bitcoin but now i think it's how do we get crypto into our lives, especially what are the usage of it, right. i think that's the important thing >> you use taxpayer money to buy and build stockpile that would be, what, a hedge against a collapsing dollar?

or what? >> exactly. that's the way that senator humanist is trying to sell this. to have a hard currency to back up the u.s. dollar. that's really what she's interested in with respect to this and in terms of the investors what they get -- >> it isn't a hard currency. bits and bites on somebody's computer. >> why bitcoin isn't doing baer because this would mean you're taking bitcoin out of the market. if the u.s. government establishes a reserve others will follow suit and basic supply and demand economics, the price go up and that's what people wanted to hear saturday and didn't. >> in the near term the price would go up but you have this -- once already priced in then looking for the next catalyst. that point you could use the reserve for boosting or lowering the price of it. i understand the excitement over it in the very short run, but it would be a one off event. >> i think there are so many details still unclear. i spoke to people at a closed door roundtable with former president trump ahead of this

speech that he gave and there weren't any more details offered about the stockpile or -- i mean senator lumis was in the room. that bill will be coming forward and see how the mechanics might operate when the legislation is out. >> another news making remark the president made where he said he would fire the sec chairman gary gensler on day one. he would have a busy day one. a lot of things he's planning for day one. can he really do that, fire the sec commissioner? >> certainly not. i mean that is the entire point of having set this up as an independent agency to avoid this precise situation, and the thing is, is that chair gensler has a year plus left on his term and even after the incoming president appointing a new chairman, gensler will have the opportunity to remain with the regulator as a commissioner. he's not going anywhere. the crowd erupted when donald trump said that, more so than any other comment, and he repeated it because chair gensler has become the embodiment of the anti-crypto

movement in the united states and world because the u.s. is the crypto cop on the planet today and what they think is that the sec has essentially been regulating this space through enforcement actions, notably with coinbase, a company that they gave the green light to list and they were sued last year and what's interesting to me, coinbase chief legal officer has shown up two trump fundraising events in nashville, this past weekend, before that at david sachs home in san francisco where they raised $12 million for trump. >> interesting. >> thank you very much. appreciate it. so speaking of which, for more on all of this, bring in none other than jay clayton former sec chairman and we're so pleased, chairman, to have you with us. sirrat is here as well. right off the bat as tyler was asking, the way in which the sec chair has become such a political football, means what, exactly? do you think he would ever feel pressure to resign if the administration changed or anything like that? >> nice to be with you, and

there was a -- there was a technical discussion of the chair of the sec and the body of the sec, and that's exactly right, that is, that while commissioners are appointed for a term, the chair is generally designated, is designated by the president and the chair typically switches when there's a switch in administration. and in some cases, in fact, in the case of my tenure and in the case of my predecessor, knowing that there was a switch in the administration and knowing that chair would change, the existing chair, the current chair, takes their leave and moves on. so look, this is entirely up to chair gensler as to what he would want to do in that event, but there's precedent for leaving the position altogether or simply leaving the position as chair. >> and just to clarify on that, can the president take away the chairmanship and just have --

>> that is correct. >> he remains commissioner but not the chair. >> correct. >> interesting. with that covered, what would you say, chairman, about the way in which the sec has handled the emergence of kript crypto as an asset class? >> please call me jay. sirrat had this right. one of the fascinating things about crypto is that it came not through the institutional markets where most of the financial product development takes place. most of the financial product development in the nobody takes place in the u.s. in our institutional markets. crypto digital assets really came globally, and at the retail level. so the development was something very new for, i would say, regulators across the globe in the way that it -- in the way that it came about and there have been a lot of old lessons relearned and new lessons learned. one of the old lessons relearned, and i'm --nd learned in a tough way was that when you

raise money from the general public in america, that's an incredibly rigorously regulated transaction. we protect the public from securities offerings in an incredibly rigorous way. this was the ico craze and the like and -- >> right. >> those regulations have been shown. on the other side, what i think regulators have had to learn, is that this technology could be -- in many ways has become -- a step change for existing processes and new processes, including what i would say is the rise of stable coin which is one of the more remarkable developments in finance in the last decade. >> sirrat, jump in. >> can you talk more about stable coin and where you see the future of stable coin? it's really, as you say, kind of garnered a lot of enthusiasm amongst retail investors, and where do you see that going in terms of maybe it's

institutional transactions and how does that all work in this regulated world that we live? >> well, stable coin has proven to be an astonishing facilitator of dollar based global transactions in that you can now do dollar based transactions around the globe in very little time with very little friction. as compared with, you know, wire transfers, money transfers, taking hours or days and requiring, you know, what i would say is lots of fees and the like. stable coin transactions take place virtually instantaneously and with very low friction, and what we're seeing is a tremendous amount of retail dollar transaction take up outside the united states. i think this is an incredibly bullish thing for the dollar around the globe, and one that our regulators really need to focus on because the benefits of dollar hedge of money, the benefits of the dollar being the

basis for transactions around the globe is so important to the united states and to so important to the globe from a stability point of view. if there's a better technology we should be figuring out how to facilitate it. >> let's talk about the regulatory climate you see from where you sit as a former chair sec. has this administration gone way too far, the pendulum swung too far, in the direction, whether from the sec's standpoint or from the federal trade commission standpoint in attempting to regulate transactions, regulate public markets, to regulate or clog up the system of deal making? what are your opinions? >> i think there is no doubt that this administration has taken a heavy regulatory hand in a number of commercial areas, whether it's the ftc, the sec,

or the like. imposing and using what i would call basic financial regulations, basic trade regulations, merger regulation, to what i would say is shift power in many ways from asset owners to other constituencies. if you look at the reasons cited -- you can have philosophical debates, but if you look at the reasons cited for the exercise of regulatory power, in many ways, it's to shift power away from asset owners and away from consumers to other constituencies. and that's -- that is a regulatory philosophy you can see throughout the biden administration. frankly one that i don't agree with. but that is the common theme. i think regulated entities are really feeling the pinch on that. because it -- it adds a degree of uncertainty.

it makes it difficult to plan. >> you know, just a quick final one, chair, on what jd vance's thoughts might be on -- post chevron. do you think the nature of the kind of regulation we've enjoyed over the past ten years will be -- are we likely to see it diminish or be enhanced or does it depend on the outcome in november? >> i think it depends on the outcome in november, but my hope is that when you look at regulation, whatever your regulatory body is, what's the north star? if it's the sec it's investors and are we doing -- are we doing the best for your long-term investors? if it's the federal trade commission, it's consumers. are we doing the best for consumers over the long term? unless you can answer those north star questions very clearly, i don't think you're doing your job. >> well, interestingly enough, regulation in this country feels like it's moving away from that question to a competitive one anyway allah europe.

we'll save that for another time. >> we don't want to be europe. >> no. chair clayton, thank you so much for making the time today. really good to see you. >> thanks a lot. all right. further ahead, everybody, for any investor looking to build an energy transition portfolio, you're going to need a lot more than just solar stocks. we'll lay it out next.

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welcome back to "power lunch." i'm bertha coombs with your cnbc news update. the u.s. is cautioning israel about escalating the conflict with hezbollah following a weekend attack that killed 12 children and teens on saturday. the strike hit a soccer field and is the deadliest on an israeli target since the iran-backed militant group and israel began exchanging fire. it is raising concerns of a broader regional conflict with prime minister benjamin netanyahu promising a response today. hezbollah has denied involvement j place in rochester, new york, say a second victim has died in a shooting at a barbecue on

sunday. according to authority, two women were killed and five others were injured when someone opened fire as hundreds of people gathered at a park. there are no suspects in custody. police say they are looking for more than one person. and venezuela's electoral council officially declared authoritarian nicolas maduro as the winner of the presidential election this afternoon. the biden administration accused venezuela of electoral manipulation and repression and left the door open for future economic sanctions. kelly, back over to you. >> thank you. after the break, at&t being sued by a customer claiming personal photos were stolen off her phone when upgrading her device, and it isn't the first time it's happened. we have those details next.

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. welcome back. wireless providers including at&t, t-mobile and verizon are facing lawsuits lately from women who allege retail employees stole intimate images or videos from their phones while helping them with in store data transfers. cnbc.com gabrielle is here with the details. >> it's not good, kelly. the latest lawsuitagainst at&t was filed today in california state court. all of these lawsuits they all sound exactly the same. i've read so many of them. a woman walks into an at&t phone store, verizon, t-mobile store looking to get their device upgraded or replaced and the company offers turn key data transfer services. of course the consumer hands over their phone thinking it's safe in the custody of the retail employee and the employee ends up going through the photos, finding intimate images

and videos and this case a woman said a video of her engaged in sexual activity and nude photos were taken by the store employee. >> i never liked when you walk into the store and take the phone. probably the part we feel uncomfortable about. there's so much personal information on these phones. anything that these companies, aside from hopefully now the public pressure bringing something to bear on them changing this, is there a bigger change that could kind of help avoid these errors going forward or need to do more to put up safeguards? >> all of that. they need to be doing more. these things keep happening. six other times in the past at&t has been accused of similar incidents. verizon and t-mobile at least a dozen other cases. this is an ongoing issue. groundhog day reading the headlines. what has changed is in april there was a case that was filed against t-mobile, we broke that news in november when the case filed in april a judge ruled on the case and t-mobile had sought to have the case dismissed almost always virtually all of these cases got dismissed because the courts agreed with

the phone companies that the employee was acting outside of the scope of their duties and, therefore, the company not liable. what was different in this landmark court ruling the judge in washington federal court said there is a chance that the company is libel, this has happened so many times, did know it was a problem, allowed the case to move forward, headed for trial. the at&t case might have a better chance of surviving. >> not to get too granular or stuck in the weeds here, how do the employees capture these images off the phone when it's going from one phone to another? are they carrying them also over to their own devices and then just using them, not selling them to blackmail the people are they? what do they do with the images? >> when this seems to happen between intimate partners it's used as a revenge, posted online. in terms of the store employee for their own personal gratification. >> voyeuristic intent. >> exactly.

you can fill in the blanks. but what they end up doing e-mail it to themselves from the victim's phone and -- which is what happened in the at&t case filed today and in the past they send it over snapchat, text it, and these are only the cases that victim actually figured it out because the gee didn't properly cover their tracks and so in this case with at&t the woman about a week later was going through her sent box on her e-mail and she noticed two e-mails were sent to an address she didn't recognize and those contained the intimate images. >> crazy. >> that's how it happened. >> yeah. >> all right. thanks for bringing that to us. >> thank you. you need more than solar stocks to build a clean energy portfolio. we'll help you lay it out when "power lunch" returns. we'll be right back.

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many investors have been preparing for the coming energy transition for years, but climate investing is a lot more

than just wind and solar and pippa stevens is here to explain. >> so investors are taking a much broader scope when it comes to energy transition investing which has pushed global climate fund aum to more than half a trillion dollar dollars, 10 x free-throw in the last five ears years. energy storage and mining stocks are growing areas of interest. part of that is because there are finite number of pure play renewable energy stocks and they also tend to be highly volatile. investors who want to be closer to benchmarks but focussed on decarbonization can target large companies with proven business models. as bank of america noted that could be power management company abb or software name auto desk which helps with energy efficiency. now across energy transition funds snyder electric one of the most popular holdings showing up in 63% of portfolios according to the firm. spain's edp stands at 50% with nextera, eaton and tr a, ne

popular mix. the first solar are 45 and 48% respectively. with the added tailwind of ai and data centers the grid future theme is one looking hot here. >> very interesting. so where is solar and wind right now? are they getting challenged in terms of the ability to create clean energy? >> they're not challenged but they haven't performed very well and so investors who don't want to suffer these big losses that we've seen in funds like the tan or some of the issues going on with offshore wind are taking this broader, more wholistic approach focusing on companies that have their revenues that come from energy transition technologies or other areas like helping shippers be more energy efficient or helping buildings have better hvac systems. no longer just pure play wind and solar. >> sirrat, thoughts on solar, wind? >> interesting part we've talked about this before on the show actually when rates moved up, these stocks all came down. because it was no longer free

money.aying where is your cash flow? at the same time you had seen some of the european companies like royal dutch and a whole bunch that said we're going to spend a lot of money in energy efficiency. the market cut their multiple in half. so it's really -- and then you say ge spun off, so there are companies out there but you have to be careful because it's cost to capital as investors is very important and you're not getting a freebie anymore. >> would you do anything -- we don't talk barely at all about energy investing broadly but do you like those names? >> we got ge out and selling it down because the valuation is too high. we own auto desk but really it's not because of the renewable play. that's the option play. i think today it's too early to get in there as an equity investor with fiduciary responsibility. i need to make money for my clients and want companies that do the right thing. that's not the primary focus. what am i doing for my clients, and then if they can do something good, i think it's

good. that's where the public-private partnerships come in really and that's getting tougher and depends on the administration and cost to capital. that's the big one. >> always comes back to that. thanks, pippa stevens. on semis surging as the q2 results beat estimates though the company saw revenue drop more than 17% year on year. we will ask our trader what to do with it. the shares up 12% on those developments. that's next.

♪ all right. welcome back. it's time for today's "three stock lunch." will mcgive is here with us. we're going to talk to will, and then get serat on it. abbott labs, low point today. company ordered to pay billions following a baby formula verdict, with you a buyer? >> first, i wouldn't be smart as i am without the guys back in overland park, kansas, providing

the information. we saw it with johnson & johnson and 3m. i would definitely be a seller here. there's better offers out there? >> serat? >> i agree. when you have the overhang, the market doesn't give you credit, if you have great earnings or pop din lines, once it gets settled, the stock will pop. almost impossible to time that. this one is leading the s&p, soaring after beating q2 estimates, will, but still in a declining revenue environment. >> you nailed it. this will be a hold for us. everybody is searching for the next nvidia, scouring the semiconductors left and right, the probably with them that are

primary customers are electronics advice, so you have to kind of keep an eye on the auto space, which has been getting hit lately, which is a reason i probably wouldn't buy it here, but if you own it, it's been up good. i would sit here and wait and hold it for now. >> your thought? >> i actually would not own it. i think the negative fundamentals facing the evs and slowing down, this is more like a short pop. i would take some money, actually. procter & gamble here, reporting earnings before the bill tomorrow, your thoughts? >> with procter & gamble everywhere in your household, it's probably the most pg-rated company out there. i would that worry too much about earnings, given the fact that i take a very long-term view, but if you do want to look

at earnings, the last three announcements saw pops, so hopefully that trend is in play. i just like procter & gamble to hold for retirement, long term, and wouldn't worry about earnings tomorrow. >> serat. if i owned it, i would sell it, but i wouldn't put more bien it. you'll get at opportunity to buy it again. it's not going to run away from you. >> all right you. will, mcgough, thank you. you can always hear us on a podcast. follow and listen to "power lunch" wherever you go. we'll be right back. nice to meet ya. my name is david. i've been a pharmacist for 44 years. when i have customers come in and ask for something for memory, i recommend prevagen. number one, because it's effective. does not require a prescription.

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let's get a quick check on the markets. you can see basically flat for the dow industrials.

very minimal. we only have, sheesh, about two minutes in the show. several more stories to talk about. a new test to screen for colon cancer. it hopes to improve the success rate of screenings. with fda it will -- colon cancer is the second-highest cause of cancer death. >> do you follow this stock at all? >> it's insurance companies, right? one, are they going to pay for it. premiums for home insurance

raised, according to the firm policy genius. experts claim it's largely because of severe weather events caused by global warming. that price increases likely won't -- you see the fire events, like the one spreading in northern california. thousands of homes and businesses affected here. you're seeing where people are not insuring their homes. >> same with autos. >> with a catastrophe coming, what happens? >> well, so much for superhero for a teem. "deadpool and wolverine"

shattered numbers t. the highest ever for an "r" rated film. >> i have not seen it, but we own disney, and also international. you never know. these are the surprises that can happen. serat, thank you for the great day. thank you. "closing bell" starts right now. >> kell, thanks so much. we will ask our experts what is really at stake this week. in the midst of just an incredible year. it's a