why go to splunk >> you know, i think splunk is an amazing company and i'm really honored to be hered just a tremendous history of phenomenal innovation they have a great product, and they're central to what everybody is worried about they're worried about their cybersecurity posture, worried about managing complex apps and splunk is in the middle of all that i think it has a tremendous future and i love to be part of this journey >> but there are a lot of people who said splunk had been leaderless doug had been on the show a number of times and then he vanishes we don't know what happens to doug, but we know this a lot of people want splunk's business, they want to take it away, and it's a competitive industry what have you seen that made it the right thing for you? >> yeah, what i see is an incredible customer loyalty with 95% of the fortune 100, with very deep relationships. customers who want to buy more, and i feel like the positioning, the innovation of the company is amazing. and as you commented earlier, splunk closed out a phenomenal quarter and a phenomenal year, and i want

look, i want to go back and talk about why i like splunk. splunk is cybersecurity.is also a company that give use a great dash board analysis how you're doing. my fear is that -- okay. we still don't know why doug laughed. when you get a guy like steele in there i'm trying to get him on the show tonight maybe we can get him on. but he did a prove point he proved people wrong over and over going that's what he'll do at splunk splunk is a buy. i disliked splunk for a long time. >> yeah. we'll get a little bit of a move in that direction beginning today given the quarter. interesting we got a lot of travel on the move mgm with a new buy back with some extensions of licenses and mccow. airlines got an upgrade at southwest today. >> i thought that was gutsy. we know the planes -- they run on jet fuel, for heaven's sake i don't want to touch those. i don't want to touch the airlines why do you have to go there? i saw that upgrade, i said why can you sit on your hands. sit on your hands. why do you have to say anything? the guy is on an intelligent y yule vacation. >> beca

i say, buy splunk.the end of the day people will be selling into the weekend. this man is a winner, a money maker. >> jim, have a good weekend. >> i was with my daughter when the fire came on got to wait for the fire to come out and decide whether it's a good time or not fire got out. >> we're going to stay glued to the tape today that's for sure. see you tonight on "mad money" 6:00 p.m barely off of the initial lows dow down 430. ca. his girlfriend just caught the bouquet, so he's checking in on that ring fund. oh, that photographer? he's looking for something a little more zen, so he's thinking, “i'll open a yoga studio.” and as for the father of the bride? he's checking to see if he's on track to do this all over again...and again. digital tools so impressive, you just can't stop banking. what would you like the power to do? i think you're going to like it here. umm, why is everyone... throwing things at me? look, as cfo it's my job to be ready for whatever's next. that's why i have my finance team,

as for splunk that is a company that recently took out a new ceo, and shot to the upside last earnings report. we know that there's a rumor out there. i can't say "we know" but we know there's a rumor cisco may be out to buy them and think there's a lot of upside in splunk then snap is a company that is also growing very quickly, and they, dependent upon ad revenue groth growth which is here something we can see, put our arms around and tremendous leverage in this operation so we could see a huge increase in ebitda and free cash flow out of snap. that's a company that we're adding to. >> all right three different stories and even in the case of azek, bargain hunting in a difficult sector. good to have you thanks for your time. >>> coming up, energy having its best start to the year since 1999, but could the largest release of oil reserves in history put a damper on returns from here? we get into that ahead of the president's remarks said to start in about 20 minutes. >>> one texas bank wasting no time raising interest rates on savings and checking it's a. up next, the ceo amid this yie

just the 1st is to store here for the 2nd is a good, i'm say them is there are business splunk business. these are thought on different days. are you a leg reluctant them delivered our the program, which is mainly finance from donations is urgently needed. there is high unemployment in the kitchen, gun to region, and the illiteracy rate is 45 percent. one of the highest in the country education is challenging in these regions due to the factors like quality and early marriage in the keys of girls. more than 42 percent of children each day and above, don't end up completing even 6 years of schooling. learning how to take responsibility for the environment who the going to school program, children and teenagers find more deletion to stay in school longer. to outlook for new jobs where the old ones have gone away. johanna india, this region is dependent on founded chrissy been due to climate change. a lot of upheaval has taken place on the yacht. people are facing a lot of problems as a result of poor harvard smith and the regional w focus on like i'm not particularly or dea asked part of

. ♪ ♪ >>> welcome back let's get a gut check on splunk taking a 7.5% stake in the softwaremaker for $1.8 according to "the wall street journal. it's become the largest active shareholder. it beat the street in q4 earnings and announced the appointment of a new ceo on wednesday and shares higher this morning by better than 4% on that report, carl? >> yeah. meantime, i want to check on amazon, as well. this report in the journal today saying the ftc has until mid-march to file a legal challenge for the purchase of mgm, otherwise amazon will be free to close the deal the stock is down 2% and the dow is down 4.18 stay with us "tech check" is back after this. for the lowest price ever. plus choose from the latest 5g smartphones. get more 5g bars in more places- switch to t-mobile for business today. when it comes to cybersecurity, the biggest threats get more don't alwaysre places- strike the biggest targets. so help safeguard your small business with comcast business securityedge™. it's advanced security that continuously scans for threats and helps protect every connected device. on the lar

the last week or so helping propel things are megacap names in tesla and intel intel is up 8% and splunk% it's not just those names. the biggest company of them all is the one that's one to watch here apple, not so under the radar, but that stock is down fra fractionally today, but people have continued to buy during the dip. whether that continues remains to be seen three of the names that have not garnered attention are tied to either insider or related insider buying trends. we are looking at docusign, bumble and gamestop. docusign is up 40% from the lows we have seen bumble is up roughly 80% during that same time span and gamestop has doubled in the last 10 trading days much of this is tied to insider buying activity or related to continue cider buying activity as well. one other one to watch, the ark innovation has been beleaguered, but the bounce here has been roughly 24% so as we talk about the moves we have seen, many of the growth names that took the biggest beatings are ones people have tried to find some deep value in carl, back to you. >> we definitely lost some ground this m

i'm getting splunked with this now. you've been sending me a lot of questions.t financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com charles: all right, i know, i feel your anxiety, and the market's like a coiled spring. which way is it going to go. we answered a lot of questions yesterday, and i want to continue to answer some more starting with jeannie. : charles, i'm worried about the money in my bank, i think we should take it out. it's not making anything anyway, my husband thinks i'm overreacting. >> remember, fdic, you get $250,000, if you're not talking more than half a million, i think your husband is right on this one. from h

things like we saw in crowdstrike this week, like we saw with investment that helman friedman made in splunk but we have a short memory i still think that's going to ha happen, but when you have reminders like docusign and the performance on the downside, it's really painful for investors. that being said, i'm an optimist because i always say the alternative is foor far worse. innovation isn't slowing down, but right now, it seems kind of dire for people. when you see docusign's performance today, it doesn't sound good >> you sound like cathie wood today. the ark innovation etf is down more than 7% for the week. a big down day today, now 60% off its highs, vuss the nasdaq composite which is down 3.5% for the week where would you be looking then to buy if you still see these as big winners? >> well, saying i sound like cathie wood, i'll take that one through the weekend to digest myself, but listen, the bigger they are, the harder they fall i think if you look at the components of what was in the fund up until now, it's kind of a who's who of what's gone wrong in the market in 2022. i think t

i do want to show you splunk, another data company. stuart: what do they do?big data, once again. so we're looking at a new ceo coming in, strong three months to end last year, and this is after several quarters of disappointing earnings, so yeah. new face there turn maybe the company around. stuart: are you disappointed in me, brian? >> are you getting the message that it's all about your data everywhere? it's floating around, these guys organize it, these guys protect it and these guys sell it and you're sitting here trying to get your phone unlocked. >> it's the world of new technology remote work that we're in and i just think that this trend will continue, will accelerate from here. stuart: now i'm looking at amazon and i'm told they are closing quite a few of their brick-and-mortar stores. isn't that a reverse of what they've been doing recently? i thought they were opening new stores. >> i'm not talking about whole foods or amazon go so this has more to do with the 68 stores in the uk and u.s. like the amazon books, four star which i've never been in an