scott wapner show. we all agreed it's time for more wells fargo. adrian in florida. adrian. >> caller: hey, cramer, this is adrian jr. calling from sanibel, florida. i wanted to ask you about magnum hunter. you talked about it before. >> look, it's a great spec on oil. oil's got to go to 110 before this thing kicks in but a great spec. i'm going to ozzie in maryland. ozzie. >> caller: hey, jim. how you doing? >> not bad there, ozzie, how about getting ready for the ravens? what's going on? >> caller: i bought an energy company called first solar, fflr. >> what would ray lewis and ed reed do to that stock? come on, man. the first good quarter that you could sell off of. i don't want to own it. i want to be a seller. i'm a buyer of the ravens. let's go to barbara in texas. barbara. >> caller: yes. roundies, rndy. >> very disappointing, very disappointing. not happy with my homework. going to go back and revisit that later on when we do a show designed just for flagellation. i was looking for my whip, but i can't find my whip. i could hit myself in the head with a baseb

scott. >> caller: boo-yah from five-mania learned. >> i was going to give you an adrian peterson to finishcaller: will c-span recover to the 20s or am i doomed? >> you are doomed. look, here's one. i would rather watch c-span than own c-span. and i'm speaking about the network versus the ships. no, man, i'm going to sentence you to watching c-span before you pull the trigger on c-span. stay awake. >>> here's one, kyle. in florida, kyle. >> caller: how are you doing, mr. cramer? a big south florida above-boo-yah. >> south florida just rocks. what's up? >> caller: my stock, alcoa. i believe that an increased demand for cars will push prices of aluminum and steel over the next year higher, but if the dollar bottoms out near these levels, should i reconsider my long-term position of alcoa and u.s. steel? >> i think alcoa is literally dead money. i don't care for it. u.s. steel can make a comeback, but why should we buy second best of breed whether we can buy nucorp. he's dynamite. let's go to tom in wyoming. >> caller: hello there, jim. >> yeah, tom. i'm all focused. what's up? >> caller: i'm

scott wren. >> we have adrian mowat, the j.p. morgan equity strategist. to downgrade chinese equities and find out what he's talking about next. he's making his first trip to china as u.s. treasury secretary. we'll have the very latest right after this. ♪ ♪ ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ >>> some >>> some troubling headlines from china and this time it's from j.p. morgan downgrade from china. it is recommending the banks as a short. adrian mowat is from j.p. morgan and made the call yesterday and joins us now on the news line. adrian, always a pleasure to speak with you. >> hi, melissa. >> you say momentum is growing with policy signs constrained and that makes f

scott: well, let me give you an example. the city bought a piece of property in 1980 for $5,000, one acre. we just went into contract to sell that for $378,000. adrian have two buildings. we call them brad and chad. lemonis: okay. adrian: they're named after the guys who built them in the 120-degree heat. lemonis: if you grow pot outdoors, you get two harvests a year. but indoors, a high-tech climate-controlled environment can triple that. adrian says canndescent will soon be selling about $75 million worth of weed annually. photographer: that's gorgeous. nice, nice. your smile's great. go for it. lemonis: with a slick advertising campaign, he's pitching his pot as a luxury brand. woman #2: with us, you and the flower will always come first. we are canndescent. adrian: call us the courvoisier of cannabis, or mayors of cannabis. we're going after that high-end adult use. lemonis: well, that's just packaging. look. packaging is one thing, but price is another. adrian charges hundreds more per pound than the market rate. to me, that's a very risky strategy. you said to me you can get $3,000 a pound. adrian: correct. lemonis: how do you actually differe

scott, back to you and halftime. >> thanks so much. the minnesota vikings reverses course. the nfl team is barring adrianfrom all activities while he addresses charges. and nike is suspending his contract. rick, welcome. >> thank you. >> what is your reaction to this new news regarding nike? >> well it is an ongoing situation, just like radisson did with the minnesota vikings themselves. just like visa and anheuser-busch by the way who are carefully assessing the situation. politicians and corporations are the only two entities i know that read public opinion poles zealously and act accordingly. these are people that buy stuff. and corporations need to be cautiously monitoring the situation how the nfl looks. they need to be transparent and consistent and proactive. and corporations that have spend 1.7 billion dollars in the last ten years on super bowl alone are watching the nfl very carefully. >> is rick anheuser-busch smacks down the nfl yesterday. you have had radisson and now nike taking a stand on ap. game changer the fact that you do have sponsors, real money now speaking out? >> let's go further.

let's bring in adrian tenet senior vice president and specialty apparel analyst with janney montgomery scott is all relative and compared to aeropostale, gap is not doing too horribly. >> gap had a little bit of a difficult quarter. we know all the weather issues. there was excess inventory coming into the year which they'll clean up. but we've got to tell you, gap really is doing well with old navy. so although the gap division is struggling the old navy division is starting to pick up momentum. >> i thought that was interesting in terms of same-store sales, negative for gap, negative for banana republic and positive for old navy. why is this a bright spot? is it about the consumer and low income? >> i think it's about the value proposition. so old navy has been doing phenomenally with this new advertising campaign. they are focusing on key items an bringing the family back in. typically when you get the momentum of that core customer they tend to keep shopping at the same place for some period of time. they have the momentum right now. >> what about aeropostale. clearly there is an issue a

palm beach, florida, hello, scott, writes what do you think of arts' new level and what do you think of the talk of a takeover. >> apple just hired a gentleman named adrian their dedicated acquisition specialist. he comes from goldman sachs. you heard a lot about goldman sachs. everybody comes from goldman sachs according to congress, so this cat comes from there as well. you've got to believe that apple is going do something. erts could be an interesting target. the stock has vacillated, basically, it's not a rich valuation. it's okay here. >> let's talk about amazon. we were talking about amazon in light of the ipad launch, but it is going to report earnings after the bell tomorrow and that is one report and we'll be all over here on the desk, and guys, what do we expect to hear? karen, i know you've been a skeptic of amazon. >> i'm not a skeptic, it's a great company, i would think they have great earnings and it all just comes down to valuation and i can't see how huge growth is built in and it's cheaper now than it was at 145 and it's nowhere close to cheap, still very expensive. >> the street seems to be gaining more and more confidence, regardless

scott: well, let me give you an example. the city bought a piece of property in 1980 for $5,000, one acre. we just went into contract to sell that for $378,000. adriane two buildings. we call them brad and chad. lemonis: okay. adrian: they're named after the guys who built them in the 120-degree heat. lemonis: if you grow pot outdoors, you get two harvests a year. but indoors, a high-tech climate-controlled environment can triple that. adrian says canndescent will soon be selling about $75 million worth of weed annually. photographer: that's gorgeous. nice, nice. your smile's great. go for it. lemonis: with a slick advertising campaign, he's pitching his pot as a luxury brand. woman #2: with us, you and the flower will always come first. we are canndescent. adrian: call us the courvoisier of cannabis, or mayors of cannabis. we're going after that high-end adult use. lemonis: well, that's just packaging. look. packaging is one thing, but price is another. adrian charges hundreds more per pound than the market rate. to me, that's a very risky strategy. you said to me you can get $3,000 a pound. adrian: correct. lemonis: how do you actually differentia

scott on cnbc's "options action". >>> some of the biggest misses being reported by target, walgreens, gap and costco. adrians a senior analyst at goldman sachs, covering the broad lines retail sector. thanks for joining us. >> good morning. >> target and costco are both in your coverage universe. i think target, you have a buy on. >> we do. >> how do you think about -- what do you think about what you're learning from the company now? >> i think the point to focus on is they still delivered a 5.3% comp for q1. that was above plan. we definitely saw an acceleration from where they were in the fourth quarter. you definitely saw some weather impact and the easter shift, april was always planned to be slower than march. that's really what we saw. i think the more important is to step back and look at march and pribl together. and for names like target and for names like the auf pricers, for nordstrom's, you definitely saw a continuation of the strength that we started to see in the early part of the quarter. >> we did see some standout, particularly in the luxury sector, adrianne. one of your most recent resear