silver platter stocks...one trader's call on a buying opportunity in tech! in today's cover story...libraries could become the next go to place for financial advice. plus...the "retirement ready" checklist...find out if you're prepared. and...how to keep your hands off your 401k as more americans are quick to cash out! first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning! it's tuesday, april 8th. i'm angela miles. in today's first look: stocks on edge ahead of first quarter earnings. the new round of results beging after the close with alcoa. yesterday-- the dow

fell 167, the nasdaq 48, s&p 20, and gold lost 7 dollars will oil oil slipped 50 cents...traders are paying especially close attention to the nasdaq which racked up it s worst 3 days of losses since 2011. gm's chevy impalas from 2003 to 2010 may have an air bag defect. according to an auto safety group. the percentage of americans without health insurance is at its lowest level in nearly 6 years according to a new poll. ben and jerry's is handing out free ice cream cones around the world to celebrate its 36th anniversary. matt shapiro, president of mws capital, joins us on this tuesday. matt, it has been a couple of ugly trading sessions. how do investors go from not panicking and possibly making a profit on this market? >>there's been a lot of stocks that have come down to attractive points. if you look

at the biotech, the technology sectorwe're coming into earnings season. i say take advantage of a lot of the high flying stocks that have come down. take a look at the high frequency trading fallout, the etf flowsthat short term thinking. i think a lot of investors have overshot on the downside and there are some bargains to be found. >>what are some of those bargains in tech world? >>in biotech, you start with the premium ones like celgene and gilead. those are all at 3 and 6 month lows. probably earlier in the year many investors were saying if i could only have gotten into those, they're so high. well, here it is delivered to you on a silver platter. google is down. amazon at 312. big names are finally down. people are selling them. i think it's a time to buy if this is a sector you want to be involved in. >>alcoa kicks off earnings tonight. what's your strategy? what's your outlook on earnings? >>earnings so far for this

quarter are gonna be guarded because s&p earnings are not projected to rise too much so i think a lot of investors are taking a wait and see attitude seeing how many companies come and say there was a bit of an economic slowdown because of the cold weather. so i think that's also what's been behind the volatility. but look on the positive side which is that many of the core stocksstocks that pay dividendsare outperforming the market quite handily so far this year. >>thank you matt. >>you're welcome angie. regualtors have their eyes on the financial markets more than ever. chuck coppola has the latest move. angie..... regulators are calling in backup to oversee hedge funds. reuters reports a new team is being assembled within the securities and exchange commission to examine how hedge funds and private equity firms value assets and disclose fees. under dodd frank regulation -- larger hedge funds had to register with the sec, but the complex investment holdings have created a need for special regulators. if successful, the sec may expand the plan.

this marks the busiest week of the year for ipo-s. 14 companies are slated to debut. shares of la quinta hotel chain price after the close tonight and open for trading wedensday. thursday its former gm finance firm ally bank. along with farmland partners reit. there are new stocks connected to health care. ah dahmas pharmaceuticals thursday and friday, cerulean. pharama zoe's kitchen serves up shares on friday. sears spin off -- had a hard landing in its frst day of trade. land's end shares plunged nearly 6% monday. ceo eddie lampert's esl investments still holds a 48% stake in the preppy apparel company. as well as sears holding. the motivation behind the spin off was to dis-lodge lands end from sears core business. dozens of sears stores are closing including the iconic store on chicago's state street last sunday. the main economic news coming into the market today is jolts-- job openings. joining us now is liane feldstein of fc stone what do you predict that number will look like and how are traders setting up? >>right now we're looking for a

number around 4 million. this number lags 1 month behind the unemployment data that we saw on friday so these numbers will be for february. it's still really important to see what these numbers come out with because it lends itself to a better picture of the economic recovery. right now when you look at the jolts report you don't just see what the job openings are, you see the quits and the hires also, and these are all important. there's really some good economic data that comes out of this because these jobs have to be listed and they have to be actively recruiting for them. so it's not like before when people were putting out jobs to see what kind of talent was out in the marketplace. they have to actively be recruting for these positions. so it lets us know where employers are looking for the next month, and two or three. and right now traders are a little disappointed after the jobs number last week. it was 192,000 but it missed expectation by 8,000. so they really want to see what's out there in the marketplace and what happened in february with people hiring, quitting, and moving around. >>thank you for that update liane. >>thank you.

president obama signs an executive order today linked to the paycheck fairness act. usa today reports the order will ban federal contractors from "retaliating" against employees who talk about compensation. the president will also sign a memorandum requiring contractors to submit data about pay for men and women. the senate will soon consider the "paycheck fairness act", which would impose pay regulations. republicans call it a political ploy. new research by the the institute for women finds men earn more than women in 20 jobs including teaching and social work. seaworld stock is sinking ahead of a meeting on capitol hill. the stock slid 2 % yesterday. today seaworld officials will push lawmakers to drop legislation that would drastically change the theme park. a proposal aims to ban the use of captive orcas in shows, and limits contact between trainers and whales. seaworld has faced critics after "blackfish" , a documentary about the death of a seaworld trainer killed by a whale. the theme park said attendance dropped 13% in the first quarter. officials deny that the film has effected business and contend the legislation would be "harmful" to the whales.

pfizer shareholders are hoping for a rebound day. pfizer was one of the worst performing stocks on the dow on monday -- falling 3%. results of a clinical trial did not give investors the results they were hoping for. despite progress in the drug company's breast cancer treatment -- overall survival rates were not significant. breast cancer is the most common form of cancer among women. a hot new drug prospect for gilead sciences.. is now a "top priority" for the fda. the fda could reach a decision by october 10th on gilead's treatment for hepititis c. the fda granted the drug a 'breakthrough therapy" designation. gilead is stepping up development in treatements for hepatitis c and cancer as sales slows in its hiv drugs. as the fda speeds up the process for gilead it will take longer than investors thought to review a drug by mannkind. mannkind stock lost more than 10% yesterday on word the food and drug administration will take until mid july to review its insulin treatment "afrezza" that can be inhaled by people with type or type 2

diabetes. a new scam involving malaysia airlines flight 370 is popping up on social media sites. the better business bureau reports-- promises of exclusive footage or shocking revelations have been spotted on facebook and twitter. users are prompted to click on a link to update their video player, but are instead downloading malware that attacks computers. another version is a survey that steals personal information. navy equipment has picked up signals in what is described as a most promising lead in the hunt for the jet in the indian ocean. in our cover story, your local public library may soon step up efforts to improving financial literacy. richard cordray, head of the newly-formed consumer financial protection bureau is leading the effort to increase money facts in the stacks. the consumer financial protection bureau says 96% of americans surveyed agree that a public library is a trustworthy place to get impartial information. now, in addition to hemingway and faulkner, public libraries will start stacking up on more financial

material...to improve americans ability to navigate mortgages, credit and financial planning. "at the consumer bureau, we hear every day from people who regret not knowing more about the mortgage they got or about student loans or other products." the effort is part of the federal reserve bank of chicago's "money smart week." which for more than a decade has sought to teach finance skills to the average american. "it is an essential component of building a strong community...without money, you have problems in a community." but with tight budgets already, adding a heavy dose of financial literacy resources may change what some libraries offer. "we also have to look at what isn't being used so maybe we'll provide less reader reference but more financial education."

there will be grants available to help defer costs, and guidelines for librarians this fall, but for patrons, a librarian's help will be limited. "we're not asking them to be experts, but be able to connect for people where they can get the financial help they need." librarians will vette speakers before they stand in front of a library audience. ---to make sure they won't troll for business. teaching where to draw the line, is one of the first challenges, but there have been similar ones before. "you have to be careful...not passing ourselves off as legal advisors." passengers are faring better in air... a new study by airline quality ratings shows a 15% drop in customer complaints -- despite more late flights and mishanlded bags. virgin atlantic

topped the list with the best performance for the second year, followed by jetblue, hawaiian, delta and alaska airlines. american came in 9th. united 12th and american eagle in last place. a non profit that helps women "suit up" for job interviews is reporting solid success. "dress for success" is a nationwide organization that helps women navigate the job interview process by providing resources -- right down to the clothes on their backs. we spoke with ceo joy gordon who says prior to the recession the non profit helped women on public assistance... but everything changed when the jobless rate spiked. "i think 2008 and the great recession changed much of the face of poverty. so women who are unemployed, women who have been unemployed who need the support, who need the hand up.

that's who walks through the door at dress for success." gordon says the job placement program has a 60% success rate. yahoo is going hollywood. the wall street journal reports.. the internet company has ordered a slew of tv shows to air on its website. the paper says there are half hour comedies with episode budgets starting at $700,000. yahoo is focused shows-- that netflix would want. yahoo's ceo may present the content to advertisers april 28th. drive thru battles are heating up...taco bell is targeting mcdonalds in a new set of ads, which poke fun at its breakfast menu. the mexican chain has launched its own breakfast menu recently to try to jolt sales. the chief marketing officer at taco bell says the brand is trying to "grab attention" with the ads. and...yum brands is hoping "premium chicken" will help lure in diners. the so called "super chix menu" is being tested in texas. a scare with yum brands chicken in china has slowed growth and hurt sales. still to come: alcoa kicks off a parade of corporate earnings tonight...find out trader expectations in chart talk. plus...the retirement dilemma...how to pinpoint when is the right time to call it

quits on your career... and.... our next guest says "make youth work for you".... a savings sprluge is ... after this break! real issues they're dealing with

can be awkward and uncomfortable. but when their behavior changes, it's time to act.

because if we don't, our families and relationships will suffer. listen to the veterans in your life and show you care. it matters. when you recognize a veteran is in crisis, call the veterans crisis line at 1-800-273-8255 and press "1".

at last count-- fidelity says the average 401k balance was $89-thousand dollars. unfortunately some investors are losing some of that money -- by cashing out too soon. deena carr--founder of finance according to your faith joins us on set this morning. it seems to be young people that are cashing out too soon. why do you think that's happening? >>i think there are obvious reasons that the last downturn really took a hard hit on our younger generation. they were coming out of college, they stepped into situations where

they thought they weren't gonna have to move back home. many of them moved back home and they were either unemployed or they were underemployed. so when they did get a job the savings that they should have been able to accumulate they really haven't been able to accumulate over time. >>so perhaps they have these 401k's and then they leave the company or heaven forbid the company goes under. what should their plan of attack be? to roll it over into something else and keep it as an investment, correct? >>absolutely. the younger you are that compounding works for you. if you can roll it over into an investmentand companies like fidelity are great at helping people roll over very easily. but all too often they make the decision to say i may as well use it. you can make a case to say if you're gonna use it because you have really expensive student loan debt then paying off that debt gets that debt interest now working for you. you can make a case for that. if you're going to buy a great assetmaybe it's a completely undervalued home that you can get in, maybe you can make a case to say the return on that investment is

going to help me. but remember, you're doing all of that on an after tax basis. if you're in the 401k, you can do that plus you don't have to pay taxes on it because it's all tax deferred. plus, you make contributions and you get the deductions there. if you get that working for you at 25 then that really adds up. >>it really adds up. i hear these statisticsfor instance, if you put away $2,000 starting whe you're 18 every year you do this you'll be a millionaire a couple times over by the time you're ready to retire. >>absolutely. you also have situations where if you just put in money and you don't add to it and you just let that $10,000 growthe market goes up because if it goes up 15% and you missed out on it, if you're in itit takes you even further. so it's a better situation if you can to stay in the market and let your youth work for you. >>less starbucks, more 401k. thank you. >>thank you. so how do you know it's time to retire? bill moller shares some thoughts after the break. and the time has come for first quarter earnings. how traders are getting into position.

you are either working or retired. but here's the question - how do you know when to retire? think about it. it's a good question. christine benz, morningstar's director of personal finance and got a lot of input from morningstar.com readers on this question. so, when should you retire? >>one of our users put it really well. when you've had enough and when you have enough. so when you're maybe fed up with work and the quality of life isn't as great as it once was and when you're financially ready. those are really the 2 sets of considerations that you have to balance. >>fed upthat's not always a choice. sometimes people find that they have to keep working or suddenly they are out of a job and so the options are very limited. >>that's right. that was something we saw during the

recent recession where people over 50 were forced out of a job. they were actually forced out at a lower rate than the general population. but what they found was that it took them a longer time on average to replace the jobs that they lost. >>so you say when you're financially readyhow do you know when you're financially ready? >>it's such an inportant decision that you need some help. if you have been a dedicated do it yourself investor it might be time to reach out to an advisor just to get a check on your readiness. one rule of thumb that i think still holds up is the 4% rule. look at 4% of your portfolio balance and see if that plus any social security and pension is enough to live on. if it's not you have to continue to work. >>there's also the quality of life side that goes into the equation. >>absolutely. what some people are finding is that the job

market is getting that much more intense. people are cycling through their work days and not that happy with them-- if that's the case i think it's always a good time to consider some sort of alternative career path. we've heard a lot about encore careersand that means people pursuing meaningful work that maybe doesn't pay quite as well as the main job that they had but it still helps them balance a better quality of life doing something that provides meaning with continuing to earn an income. >>christine benz from morningstarthanks so much. >>bill, thank you. thank you bill...still to come-- what the options market is predicting about today's earnings news from alcoa. chart talk is next.

james ramelli of keene on the market.com is getting ready like many traders for those earnings coming from alcoa tonight. good morning to you. what do the

charts have to say about this stock james? >>the charts are actually telling a relatively bullish story. the stock is just off of its 52 week highs and is trading in relatively bullish territory. however the options market is telling us that the stock can move 70 cents higher or lower by this friday's expiration. historically alcoa is a weak performer on earnings day. it sold off 5 out of the past 8 quarters. so on a risk versus reward basis, i think that setting up for a short here in alcoa going into earnings is going to set up better for me than being long the stock. >>i'm sure you noticed the stock was holding up relatively well despite the plunge we've had in the market over the past couple of sessions. >>absolutely and that tells me that the market is really pricing in some good earnings in alcoa. if they miss or maybe even come in line, i expect the stock to fall. especially if it's a relatively weak performer on earnings day when we look at that historical data. i have a downside target of

around 70 cents lower giving me a short target to the downside around 13.80. >>are you shorting it or are you playing it synthetically through options? >>i will most likely be looking to buy put spreads. alcoa does have half strikes in the weeklies so i can really hone in on that downside target if i want to and set up a really good trade on a risk reward basis. >>thank you for helping us out today james. have a good trading day. coming up tomorrow. should a poor sat score equal not getting hired. it's street smarts versus book smarts on our wednesday show. from all of us at first business... we wish you a tremendous tuesday.

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