change our rely answer on imported chips. is this disheartening to hear but a wakeup call folks time to revamp our entire education systems we have to be more competitive in a world that's rooted in american ingenuity. let's go, team. liz claman, let's go, i want to see you take this market much higher as well. liz: [laughter] you ever see those lumberjack competition s on espn? charles: i love them. liz: the whipsaw and the under hand chop. that's what this market is liked to, right? charles: oh, yeah. liz: this session has been like the wall street bulls making a furious final hour charge to take out the bears after three brutal days of sell-off that have yes, chopped $3.6 trillion off the market valuations. whipsaw, whatever you want to call it, the dow has endured today alone, an 864 point swing from peak to trough so far during this volatile session as beaten down tech and energy names fuel the turnaround the

dow clinging to a 30 point gain, s&p 31, nasdaq is looking a little healthier up 214 but can it last? so while professional and day traders actually love the back and forth action, it is a very different story for a lot of you watching retail or meme stock investors. new reports show retail or individual longer term investors watched as many of their gains over the last two years vaporize before their eyes there is no one better to get inside the minds of the reddit rebels than former tv ameritrade chairman joe mobley, here to analyze the psyche of the retail and wall street bets crowd holding tight with their diamond hands. the u.s. and european union pointing the finger directly at vladimir putin for the cyber attack that hit just before the start of the war. hit ukraine, here in the u.s. , many other countries. billionaire ceo of cybersecurity firm checkpoint software is here in a fox business exclusive with his threat analysis of the cyber

verse and why cyber stocks might be the ones you don't choose to buy, you kind of have to buy. we'll be looking at that. let's begin with a fox business alert. we've got a final hour right now that what has been a session- long gravitational pull contest the dow has crossed the unchanged line 66 times today alone, and counting. moves from positive to negative, negative to positive, and back again, the s&p right now up 37 points but it has seen a loss of as many as 33 points, right? and if you look at the nasdaq at the moment, closing yesterday at 11, 623 we're at 11, 843 right now, the nasdaq might not look bloodied at the moment but quarter-to-date, the tech-heavy index pretty much sprawled on its back. since april 1, it has swooned 16.9%. now take a look at the nasdaq and the s&p's biggest growth names at this moment. we're talking about apple,

microsoft, amazon, nvidia, google, nice moves here, anywhere from about 2.6% to a gain of 5.6%, nvidia is the big leader here, but look at what the eft whose biggest holdings that include these exact names has done year-to-date. it's the i-shares s&p growth eft. ticker symbol ivw. which by the way, is not just tech home depot, lowe's, pfizer, visa, also along its holdings, it's about a 23% drop of some extremely high-quality names. and then you could flip it over to cathie wood's beloved ark innovation fund from tesla to zoom, roku, coinbase, block, it's pretty much crashed 55% year-to-date, but biotech, a lot of top market analysts i've been speaking to say biotech is starting to look like a real buy at the moment. biotech sector, the i-shares biotechnology eft holds some of the big guns of health, amgen, moderna, biogen, regeneron has fallen some 30% since january 1.

so let's flip it over to part of the reason. the 10 year yield, remember yesterday it finally went above about 3.1%, 3.2, we're now at 2.99%. so when there's so much bruising under the market skin right now, is the smart money rooting out opportunities? little by little, let's bring in the floor show we've got two smart money guys scott fullman and scott redler our traders. by the way, scott redler, who just yesterday put 25% of his wife's account, this is dangerous, which has been in what all cash since february of last year, back to work. scott you must be very confident some areas are looking right. what are you seeing to give you that confidence and where are you investing it? >> oh, it's very interesting because everyone in the social media loves this account because i feel like everyone always has a cash account they feel like they want to put to work when everyone is feeling a bit of pain, but during covid, i put my wife's account to work in 25% tiers so so far since the

high of this year everyone is like when are you going to put your wife's cash to work and finally yesterday, 17% off the highs i put the first 25% in , because the indices themselves haven't been as bad. you have cathie wood's down 50, 70% you have tech names but despite the s&p cash having been down that much so i was waiting patiently so yesterday finally i put 25% in but i'm going to do three more increments because 25 % you have four quarters in a dollar, i think the viewers could write down 3,600 in the s&p cash, and might not be this week, might be over the summer or might not happen at all, is the next i'm going to put another tier to work and i'm going to cost average lower into the s&p funds for her because i do think we're getting to those areas where you need to buy that dip if you have a long term one to work with like that. liz: man you are a brave guy. he's spending his wife's cash account, not his.

scott redler, one quick thing we're at 4,027 for the s&p i was hearing 3,800 was an important level. you're saying wait until 3,600 before you put in the next tier? >> well it all depends on account you use and i have a 401 (k) that i put in every month and if you do that you should do that as far as a trader i'm trading a bit from the long side , yesterday and today. i do think that this area could hold and you'll see a little bit of a squeeze into the close because of the cpi but 3,850 is a level you're right but since i put some to work in yesterday's 17%, i'm going to wait to make sure it's there otherwise i already bought it, just why is that important? because the same way a lot of hedge fund managers or portfolio managers, they put money to work at different level s and since we were at that 4,100 for so long, that's why you need a lower level to find a new spot for them to put money to work, so that's why right around the 3,850 is the level they have been watching so i go a little bit above, a little bit

below so they want to shake it up, and not be shook en up. liz: i get it. scott fullman, yesterday we talked about the sell-off bubble getting extremely stretched to the point where if you blow on it, in some cases, it'll pop. so too much selling off, right? where are you looking at technical analysis and saying this is where i'm starting to buy. >> so we're looking for some of these issues that are starting to turn their ways up, some of the issues that are leading in the market as far as from a relative performance standpoint, but we're also looking at a couple of other things. we're looking for themes out there that make sense to us, you know, for long term and we're also looking at some of the valuation plays that are out there right now, because let's face it when the market gets hit and knocked down, you do get good valuation plays for the long term, so we have different clients who are looking for different things. so from a technical standpoint, we like things that are

performing and going up when the markets going down like c. h. robin robinson, a transportation company. liz: we just had the ceo yesterday on that. >> very very strong. we're looking at heinz, khc. it looks really good here, its been outperforming very defensive stock so people are going into those type of stocks. also coca cola, another defensive stock that people have been in and the relative performance has been pretty strong. from our macro standpoint, looking for themes, we're looking for a couple of companies that may help in the rebuilding of ukraine once the war there is over. you know, something like floor and lockheed martin and general dynamics, from a expense standpoint, also marriott, because people are going to be taking vacations this summer, and finally from the valuation standpoint. we're looking at companies that have been beaten up such as gil

lead, gilv looks very interesting and also dell technologies, so you know depending upon how you invest and how you trade, there are opportunities out there but people need to be patient and they still need to be defensive here. we're not out of the woods yet. liz: okay so again, when you say not out of the woods, that leads to the question is the gain that we're seeing today, nasdaq is now up 2%, 234 points, scott redler, bear trap? >> so i would say oversold but listen you can have like 4-6% short covering rallies we're se, so as a trader, you could take advantage of these type of moves which again that's why with my wife's account i'm only doing 25 % because i don't think this is a bottom but as a trade, like you mentioned before, the lowest rsi in history, so

what does that say? it says as a trade, biotech is probably a look right around here. liz: right, right. >> so i like to buy the trade and sometimes you could squeeze further than the shorts even want and then they get squeezed out out even lower so you need to know your timeframe and what you're looking to do and how you're looking to do it and i think that's the most important and know what you can handle. liz: i talked to a fund manager yesterday, can't reveal the name , he's had incredible returns year-over-year since the 80s and i said what's starting to look good? and he said biotech. biotech. so showing that, biotech is down about 47% with that eft over the past 52 weeks, so i mean, i get it. we're going to need these things the question is sometimes these bear territory markets last couple of years so it could be a bumpy and painful ride. the two scotts, the great scotts , thank you both very much for joining us. we got this fox business alert. take a look at tesla at the

moment, tesla ceo elon musk breaking news in the last couple of minutes as he spoke at the financial times future of the car 2022 conference. he says he's going to stay at the ev maker "as long as he can be useful." this after he was asked whether running twitter would distract him from his tesla job. now you've got tesla jumping two and one-third percent, twitter down 1.25%, musk added he would reinstate president donald trump to twitter when the deal that he has in place, to buy twitter closes. musk aspiring to have tesla make 20 million vehicles by 2030, and does not plan to open additional plants in china. that should say a lot at the moment. tough landscape there, the spacex ceo does not see merit in combining all his companies under one umbrella, at least right now. that's interesting, sofi, a disaster here, take a look, down actually well off the lows of the session. still down about 7.5% but now

this is a $5.51 stock. this after being halted earlier because its quarterly results which were scheduled to come out after the bell were leaked ahead of schedule due to human error. so the fintech ended up reporting a narrower than expected loss of $0.14 a share but it did beat revenue expectations on growth in its lending tech platform and financial services business. very tough moment though for sofi. i'm just checking a longer term moment for this stock, because sofi has been one of these momentum names, and by the way, we're going to be speaking with sofi ceo anthony nodo during this hour tomorrow, and we're going to discuss maybe what happened, but current environment for fintech, because a lot of them have sold off. we do have it down about 63% year-over-year. so $5.47 stock annual high $24. there seems to be no end in sight for peloton which is hitting a record low right now, $13.12 actually it's off the

earlier record low here, after it posted a 23% drop in third quarter revenue due to lower demand for its exercise bikes, tread machines and lower subscriptions as well. total operating expenses did more than double that widened peloton's loss the equipment maker says it is piling up excess inventory and burning through cash. unfortunately, not piling up cash and burning through excess inventory. that's what i'm sure a lot of investors would have loved to have seen this was $129 stock over the past year, it's now $ 13.15. peloton also issued a dim fiscal fourth quarter sales outlook and it has just been a very rough year. brand new management here. online used vehicle seller vroom summarying. here is some real green on the screen, a 35.8% jump right now after posting a narrower than expected quarterly loss, better-than-expected revenue, chief operating officer thomas short is going to become the ceo , investors are not having any problem with that

shares down 97% over the past year, but the company said it is implementing a realignment plan to turn the business around. this is $1.47 stock just to let you all know. cathie wood's ark invest making some electric vehicle moves and what kind of moves is interesting. adding general motors to the portfolio for the first time ever. gm getting about a 1% pop here, her ark innovation eft did end up selling 8,562 shares of tesla yesterday, sorry gm is up 1.6% and then the fund manager snap ped up more than 150,000 shares for gm for the ark autonomous technology and robotics eft. okay, so we talked about the smart money with our traders scott and scott. smart money scooping up names whose products and services offer need versus want, right? you gotta have it versus you know what i'd really love to have that. there's one sector that right now fits into need and it's

cybersecurity, microsoft going on the offensive with an all out war breaks out in cyber space, the billionaire ceo of cybersecurity checkpoint software is here in a fox business exclusive to tell us why his expertise is in need more than ever. we're about 45 minutes before the closing bell rings. dow has about 60 points of gains , s&p up 34, the nasdaq up 216 but this is one of those gotta watch every minute market, so don't go away. "clayman countdown" is coming back in a moment. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire

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condemnation of russia. their evidence, microsoft has confirmed between february 23 and april 8, russian cyberattacks infiltrated ukraine 37 times now microsoft now laser focused on its cybersecurity, it's announcing plans to offer five new services that will actually let customers use company security experts as their own. joining me now to discuss the ever-growing need for secure solutions here in a fox business exclusive the man known as the inventer of the modern firewall, billionaire checkpoint software ceo gil shwed. great to have you. this is as much an investor story just for our viewing audience as it is a cyber threat story but first, what are you seeing in terms of the current threat level? >> so great to be here, and yes , we are seeing that we're at an all-time high in terms of level of cybersecurity attacks, and an average organization in the u.s. gets about over 800 attacks every single week and

that's like a 40% increase from last year an all-time high. liz: all-time high, you know, nearly every sector, this is what i found so interesting about the microsoft news, every sector has a worker shortage. here microsoft is saying we get it. we're going to lend our workers to our customers to make sure that they get the ultimate help desk when it comes to cybersecurity. what are you seeing as far as demand for these kinds of workers as you just articulated how often people are getting hit by cyber attacked? >> so this is indeed the big challenge of the shortage for skilled security people is very high. also with typical enterprise, the users anywhere from 12 vendors to 55 so it's really not manageable to deal with so many technologies just for security and we definitely need more people that can help the customers but more important , what we are doing is focusing on prevention, in stall ing the right technology

that will simply leave 808 attacks out of the organization. if these attacks are not happening, then you don't need to worry much. liz: well, yeah, they are happening, and when you look at the individual costs, we always throw out oh, my gosh by 2025 cyber crime is forecast to cost the world $10.5 trillion. that is just eye watering, but on an individual basis for smaller companies you're saying yeah, i can't wrap my mind around that, each attack, each breach can cost an average of $3.6 million per incident. how are people going to be able to protect themselves and their companies if these things become even more frequent and more expensive? >> so i think what we can protect ourselves. we need to state what we really want to do and i think president biden just said it's best if you can prevent these attacks so i think focusing on prevention technologies, sounds very simple

but that's not what most companies do. most companies focus on detect ing the attacks and then on the remediation which is always too high, so focusing on prevention, focusing on all generation of attacks, we're in the fifth generation of cyberattacks. we need to prevent them. most organizations today are somewhere in the third generation of defense, so the more sophisticated the attack will get through and if we do that, with the right five, maybe one.an do through liz: well i bring this up because the smart money is saying, look for stocks where the companies behind these stock s have products or services that people absolutely have to purchase and therefore that would raise their revenue. what i find interesting is that over the past, from i guess thursday through monday, three of the biggest sell-off stocks were cybersecurity stocks, and i

believe they include everything from z-scaler to okta to crowdstrike. you're not quite there but you've got the highest margins within the sector. make the case, the argument for investing in cybersecurity right now. >> i think first, the market is going to grow. there is too many companies so i think people need to make the bet on which company can actually lead the market, consolidate the market. i think we as companies need to prove to the world that we can grow, that we can protect, and we can make money and we can make profit and i think in the last few years in many sectors not just in cyber, people forgot about running an effective business and making profit. i think checkpoint proves that it is doable, and in cyber, i think we need to make the right bets on what i believe is the companies that can prevent the attack and can consolidate multiple solutions. liz: gil, great to have you. you always make me nervous, but i'm glad your company is in play and it's certainly at least

higher by 1.5% when i say in play i mean at the forefront fighting this big issue thank you so much. >> thank you very much. liz: guys, i told you this is a can't miss market the dow just turned negative and is now down 45 points, supply chain not just affecting your local grocery store, now there's the concern that summer, there may not be enough electricity to power your air conditioner. we are taking you live to a nuclear power plant, next. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. invest with confidence.

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you can experience better hearing with no obligation. call 1-800-miracle right now and experience a better life. liz: well how about this , netflix showing some decent moves here up about 2.8%, the new york times reports netflix could introduce what it had promised was eventually coming, an add-supported lower- tier service by the fourth quarter of this year. now, during the latest earnings call, which was kind of disastrous, ceo reed hastings said the option would not be available for a year or two, so this would put it a lot more quickly on to the calendar, the

streaming service is also expected to begin a crackdown on password sharing around that time. all right, the war in ukraine straining energy supply chains across the globe with some countries now experiencing shortages of electricity. to japan where residents in tokyo are already being asked to reduce power usage. authorities even going so far as to suggest ideas including watching an hour less of tv daily, limiting heat when cooking food, and turning off toilet seat warmers until the winter. yeah, you guys know what that is , right? very popular in japan, they are saying turn it off until winter. the u.s. could be facing a similar situation as electric grid operators express concern that the u.s. might struggle with producing power this summer with utilities retiring more fossil fuels and nuclear powered plants faster than renewable energy sources can be built and installed let's take you live to the nuclear power plant in lim

rick, pennsylvania, jeff this almost sounds like the utilities are trying to run with green energy before they can walk. reporter: yeah, you know, it's not that they're not on board with green energy. they just aren't sure completely that it's going to be ready to rock. i mean it's a beautiful day look at the sun shining down on me, not a cloud in the sky, it's a perfect day for renewables but you know it's not like this everyday but they are kind of treating it like it is. take a look at these shutdowns of coal fired power plants in the next six years in the u.s. , a total of 14 states are going to shut a total of 80 coal fired power plants. here in pennsylvania, which is a coal state, third largest coal producing state in the nation, used to get 50% of its electricity from coal. that's just 10 years ago. now just 10% and the folks that have been watching this say that's a real problem, and it could not only lead to shortages but also higher prices.

listen. >> they are hoping wind and solar will makeup the difference but they don't and when you have this derivation or this deviation from demand and supply, the customers are the ones who suffer. reporter: you know, we are doing our part here in the u.s. i think it's fair to say, liz, when you look at how we get our electricity. we have knocked coal down on the list. last year 38% of our electricity came from natural gas, just 22% for coal that was up a little bit because of the high price of nat gas but if you compare that to the rest of the world, coal is still king across the rest of the world. 37% i think at last measure of the electricity in the world came from coal, so you know, the plants like the one behind me some people said it looks like a cloud machine back there. that's how you get clouds in the sky. those two towers there. they are cooling towers.

that's a nuclear power plant and it's not emitting, that's all steam. that's not emitting any carbon into the air. liz: very clean. we've evolved. we've developed them, they are much safer, definitely cleaner, and it's certainly a question as to why we don't see more of them. jeff thank you very much. meme stock mania, a distant memory as retail investors grapple with a changing invest ing environment. if anyone understands how individual investors think during volatility in difficult times, and how they respond to it, it's joe mogley, at the former td ameritrade chairman and ceo here next on the psyche of the reddit crowd and whether we're seeing deaths of diamond hands, closing bell 27 minutes away. the russel 2000 has just turned negative, the nasdaq still up 138, s&p up 10, dow is down 114, we are coming right back.

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liz: just under 23 minutes left to trade before the closing bell you know, many factors are hammering the markets from pretty much every angle it seems , the federal reserve, inflation, russia's war in ukraine, china's covid lockdown, supply chain disruptions, so sort of in the aggregate what kind of damage has the volatility and the sell-off sparked from these issues? what has it done to the retail investor psyche? for years, through many bull and bear market joe moglia was the ceo, chairman and executive chairman at td ameritrade about 19 years. what are the investor groups, specifically i'm saying the general longer term retail investor, what are they thinking right now? >> i think you cited a handful of the issues they really have, so you think about the situation as it exists, we've got inflation, you've got the

federal reserve evolve, you've got sanctions with regard to russia that just makes that more difficult, you've got a war going on, you've got a covid issue with shanghai, and the individual investor thought that bitcoin was going to be a hedge and they find out that's not the case so i think there's ever been a real cloud over their head now is the time. i think we've seen selling across-the-board for the last several weeks and for the really thoughtful, you can not panic now, as an individual investor, you can't do that, for those that are thoughtful and have a strategy, this is a great time i think for them to be dollar cost averaging in. liz: right which is what our two traders at the top said but be very careful, scott redler called it tier investing, i've heard it called add low, trim high, laddering in but joe, we look now a third of the nasdaq 100 stocks have now fallen more than 45% from their recent record highs, and these are names that people started to fall in love with. we can cycle through these, you can see them on the screen.

docusign, zoom, paypal, netflix, moderna, these are the worst of the worst down more than 78%. okta, align, i mean i'm looking z-scaler we talked about , libre, biogen, crowdstrike, as we look at these , this is extraordinarily painful for the retail investor and i'm wondering once burned twice shy because after the dot com bubble burst it took people years before they would dip their toe back into the market. >> i think the difference between the dot com bubble was the advent of the day trader, and once that bubble exploded, they went away. that's the same thing happening now i think with regard to them. with regard to the longer term investor though, i think there's been 20 years since the dot com bubble blowup, and with technology what it is today and education with what it is today and shows like yours and with what the media is trying to bring the individual investor, along with the financial

consultants along with the rest of the brokerage firms et cetera , the individual investor definitely is in better shape today liz than 20 years ago because they have learned and it wasn't the only bubble burst it was the financial crisis as well so you can't go through something like that not having learned something so the fact they are getting pounded i think they recognize why, so now they are trying to figure out when the ends come and for those of us that have been around we never know when the end is going to come that's why you have to be thoughtful with a strategy. liz: i got one eye on you, one on my charts and my screens, s&p just came within a point of turning negative again, the dow is crossed the unchanged line 75 times this session alone. when you look at sort of the least worst of the nasdaq 100, i had told the team, i said bring these up, okay? these are all down still, but kraft heinz down just 2.8%, pepsico, excell energy, amgen, american electric power, i don't know, more consumer companies. >> are those today? liz: yeah, these are the nasdaq 100 that are off the least over

the past year. so what do you think with the meme stock investors who jumped in with the cash they had and they watched their stocks whether it was, you know, amc or gamestop or blackberry going jump jump jump jump and then now they held on. do you think they've learned from losing everything? >> i think i know you want to talk about the long term investor but the whole push for what happened with the meme stocks early on was number one very positive market environment number two they really united against a very specific short. now, when the markets doing well , day traders do very very very well. now, and they had a beautiful run and that was a great series of trade they put on earlier. i don't think the meme stocks relative to what's going on with the real market matter that much and the pain that the day trader s have gone through, if the markets not going up day traders on the whole do very very poorly, so i think that's the reason why you don't see nearly the activity that we

saw several months ago. liz: you're also a merill lynch guy so i'm asking a crystal ball question, but from all your experience, how much longer before we hit the bottom in this sell-off? >> i think the reality is i think you've got to look at inflation coming under control. we know the fed is going to tighten so a lot of things we know and there's going to be a point in time where the data will suggest inflation is coming under control and the feds doing their jobs. we don't know what's happening in geopolitically and that's the biggest question mark. so if i had to really really guess but it's an educated guess , i'd say probably looking at a year, but remember even in a down market you've got significant rallies but the key is to watch what's going on with inflation and the fed. liz: and don't panic, really quick our viewers might not know , you were the football coach at coastal carolina, this ncaa situation with the name, image and likeness that now they've kind of pointed out that universities are using it as sort of a back door

entryway to recruit and that's a big no-no. what happens? >> it's going to get out of hand. the issue is the ncaa wasn't involved with this which is horrible from a leadership perspective, college athletics is really very very good, but they are way behind on this one. today, i bet you the 35 players making a million dollars. three years from now bet you there's 100 players making a million dollars and another five or 10 making $5 million so the athletic leadership has tremendous respect don't have their arms around this yet and they got to move and function more like it's a business and have a greater sense of urgency but this is a big deal. liz: yeah, well good luck putting that back in the bottle so great to have you. the one, the only, joe moglia, formerly of td ameritrade and so much more. we're coming right back, charlie gasparino reacteds to what joe just said about the meme traders .

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liz: all right, you just heard former td ameritrade chairman and ceo joe moglia saying the meme stock crowd had a beautiful run and decent environment and hopefully they cashed out and made some money, instead of holding on with diamond hands because sometimes those turn o carbon let's churn to charlie gasparino. charlie: this is the increasing consensus among traders on wall street. it's not just joe, it's morgan stanley, every professional trader you say who watched this thing from the beginning. i think the beginning was january or february of 2021, correct? when you had gamestop and amc going nuts, late 2020, early 2021, right? liz: correct. that's when the big spike happened. charlie: that's when melvin nearly collapsed and ken griffin had to bail him out, of citadel

securities, and the movement was built on the notion that it was unfair to the small investor out there, that ken griffin, they piled on other conspiracies that ken griffin was manipulating shares of amc and then you had the fed. now people don't realize this. for all these, all the power of the amc apes, the gme crowd, jerome powell is actually their daddy. he's the dude. without him in the market -- liz: make everything free money. charlie: fueling free money, it's over and right now, most retail investors did not get in on amc at eight or three or whatever, they got in at 20, 30 , 40, 50, 60, 70 traded as high as 77 last june. it's now trading, we should show a chart, last i looked it was below 12, there we go. this thing, according to every professional trader i know, is over because the fed is going to be in there with consecutive

interest rates. there's no short squeeze, there's no problem with borrowing shares, adam aron, the ceo of amc itself said the apes meme conspiracy theory this is being shorted in dark pools through synthetic shares that there's no evidence of that the whole conspiracy theory is falling apart. here's what i would say, liz, about this. it's one thing to like a stock, like amc, rooting for adam aron and we all, we don't want to see amc go out of business definitely not. liz: no i need to see the maverick movie coming up in the theatre. charlie: i lot of people want to see that. i would just say i kind of like going to movies every now and then. the thing is that if you're going to tell people that there's a mother of all short squeezes coming, if you're going to try to entice people into buying -- liz: isn't that an old story when was the last time anybody said that? charlie: all over social media, all over reddit everyday. liz: i thought adams said that.

charlie: he never said that, the ceo of the company never said that stuff. i'm glad you corrected me on that. it's not what i meant. he went the opposite and would say an official comments that the stock is way overvalued. so these retail traders essentially tried to manipulate the stock up. what is fascinating about this for all their calls that there's illegal manipulation going on with ken griffin, what they were doing was trying to manipulate the stock higher. now did any of them do this with nefarious intent to try to sell out at 70, 60, 50? i don't know. i don't think so. i think a lot of them were just dilution all. but they did do that, and now the pain is starting to be felt by average people. liz: why are they dilutional for doing what wall street has done for so long, which is banding together to try and move the stock. charlie: you sure wall street has done that? liz: well wall street takes a position with a huge amount of money. charlie: who on wall street? liz: let's put it this way. through the history of the

markets where a company looks at something and says that is going down and i'm going to short it. charlie: which one? liz: well there was a company. charlie: there are people that short stocks. so there are people that short stocks. if you go on message boards, and you to the, you get in trouble. by the way there's a guy who runs the insider right now. he got in trouble for touting stocks. he got thrown out of the securities business. this is illegal. liz: charlie gasparino, thank you very much. go talk to moglia, he's in the green room. charlie: he will agree with me because they both worked at merril lynch. liz: dow is down 111, russel is negative but the nasdaq is still holding on at about 101 points of gains s&p up six. for what they need. woooooooooooooo... we are not getting you a helicopter. only pay for what you need.

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♪. liz: okay. can the s&p hold on to its gains? we are up just seven points at the moment. the dow is down 105. russell and the transports have turned red. as we know the markets are just drenched in volatility leaving investors guessing, like the movie "marathon man," with oliver is it safe, is it safe? how to make your stock picks victorious rather than venomous. we have ceo joseph biondi. joseph how do you do that? >> i think it's important for you know, viewers to remember volatility is, while it's never pleasant, it's, you know, sort of a normal a normal market event. it never feels normal but markets are adjusting right now

to a new reality and i think it's creating some opportunities in some very high quality companies that are at much more attractive prices than they were one, three, six months ago and i think if you look long enough down the road you'll make some good money in high-quality franchises. liz: well you feel that the opportunities, and you have looked at some of the metrics highs and lows include intuitive surgical down 25% year-over-year. another pick. larry: illumina down 40% year-over-year but why those two? >> i think the common thing between the two of them is that they are, they have razor blade business models. intuitive surgical is the maker of the da vinci surgical robotic machine. their placements in hospitals all over the world and it is really driven by not just the placements but procedure growth. now they have had impact last

year-and-a-half or so because of covid, because of people delaying procedures but over the long haul these are things like hysterectomies that have to be done. their outcomes are incredibly better for patients and for hospitals. so over the longer term we think we'll see a return to procedure growth and a very consistent, sort of mid-teens to high teens growth in earnings which ultimately is the driver of stock prices particularly in growth stocks over time. i will -- illumina is a machines with consumable piece. it is beneficiary from covid because you're seeing governments and pharmaceutical companies and biotechs racing to develop and there's been a resurgence in the research end of things. and, illumina is a leader in

liquid biopsy through the acquisition of grail. we think that is a multibillion-dollar opportunity over the next decade or so and they're the leader in the space. liz: joseph, biotech we talked about that. [closing bell rings] some smart money out there including you say these are names that are starting to look attractive. there goes the closing bell. can you really call this the turnaround? not sure. "claman countdown" -- ♪. larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. so when you make a mistake in life most people know the best way to correct it, to first, own it, admit it. nobody's perfect. it's okay. then after admitting the error of your ways you can correct it, change it. on the other hand when you keep making mistakes and you don't own up to it, and you keep repeating the same bad behavior with bad consequences, you're never going to fix it. some people call that insanity,

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