now, verifone makes point-of-sale technology for electronic payments.r you swipe your credit card, it's probably on their system. you'll see it. i saw a lot of good things. company's gross margin increased by three points from the prior quarter organic growth rebounded to 12% which squashed fears of slowing of the core business. market in the u.s. could expand by up to 50% as we switch to a new chip-based infrastructure called europay mastercard visa or emv over the next few years. 50%. i think the stock looks cheap at 16 times earnings because it's got a 20% long-term growth rate. that said please be careful here as the stock is up over 40% year to date. it's recovering from a couple years ago when they had an accounting issue. so let it cool before entering. but we think an upgrade cycle in point of sale has just started in the u.s. and pay is a solid way to play. on a pullback, i've got to till, i'm waiting for a pullback, i'll probably be talking about it on the show. then on tuesday dwight from illinois called during "lightning round" to ask about

i'll calming about verifone systems. tdy. >> yeah, verifone, yeah. i have to get on that conference call. i can't just opine without listening to that conference call. that would be against everything i teach here. that just came out and it does not look that good to me. let's go to john in new york. >> caller: yes, jimmy, booyah. >> booyah to you. >> caller: reported earnings today. >> okay. oh, yeah, arco, yeah, there's one i am familiar with. that's the mcdonald's arco. i think the gasoline company is better. this is a good reason to own mcdonalds, but i did not like the quarter -- i don't want you to own arco, i want you to own mickey d. michael in florida. >> caller: i'm from spain. how are you? >> i was in the house of pain last week. what's going on? >> caller: tck, it looks like it's falling like a sharp knife. >> right. tck is china. that's why i felt the sharp knife i was going over was we were like, ahhh, we own this freeport. i mean, that's got a 3% yield and tech's got a two. so i prefer the ahhh to the uhhh just to put it in a pain pers

i wanted to leave you good news, earnings in sales topped the street on verifone.hey're near a year high. up 7.5%. trying to leave you a little good news. >> we like it. we'll take a short braesk, and we've got the closing countdown. here's how the major averages are trading as we approach this final stretch. you're watching the "closing bell" on cnbc, first in business worldwide. >>> here we are. we're back with the dow on track for its first triple-digit loss of the year. right now, down about 201 points. it was down about 220, 225 at its nadeer today. this would be the first percentage drop since way back on november 23rd. if you looked at europe this morning, you could have figured that we might be in for a rough day, because look at the european stocks, down 7 points. steeper falls in the frankfort and paris. slowdowns around the world, one thing to key in on is oil, west texas crude now down about 1.7% on the trading day. let's take a look at the dollar, because typically, money flows into the dollar on a day like this. and there it is, there you see it movin

it's not exactly going to change the way that people transact and verifone is at the center of this. unlike qualcomm, broadcom has had a hard time breaking out of the low 30s to high 30 range. so they are in the above 30 breakout. >> grasso? >> which way am i going here? >> i don't know. do you have a comment on either one of those? >> i feel like i'm always late on broadcom. i would buy apple versus any of the derivatives. it's easier that way. >> mega millions, zack, what have you got? >> gt advanced technologies. they make silicon wafers for either l.e.d. or solar. there are sapphire waivers and this name has been absolutely crushed. obviously the solar market has been terrible. the l.e.d. market is going to be pretty profound. but given those trends, that's my mega millions, let's throw it into the ring and see where it goes. >> do you know where the market cap on it is? >> it's a little under a billion right now. >> okay. >> and if you won mega millions, would you make a suit out of the l.e.d. lights as well? >> you know, the blow one, like t"the hunger games," absolutely >> it'