charles: accenture how does this fit into the equation?biggest consulting firm companies go to when they need help implementing solutions. we talk about technology and artificial intelligence, accenture is the first people companies call to figure out solutions to make them more efficient. i think the stock is great not only next year but the next 10 years we own it. charles: you thought this out. i love the narrative. i have got a narrative here is one idea. >> charles, it is christmas week. i'm here. we never sleep or stop working like you. charles: great stuff. >> thanks, charles. charles: merry christmas, happy new year. >> tell chris hi? >> i will. charles: my take on the green utopia going up in flames. i'm saying that will be a great thing for all of us. my next guest says tech names are the new defensive names. what about the "magnificent seven"? nancy tengler will broaden out the discussion next ♪ my name is caron and i'm from brooklyn. i work for the city of new york as a police administrator. i oversee approximately 20 people an

accenture trades almost 20 times next year's earnings. ibm sells for just 16 times next year's numbers. if ibm can take consulting market share, if is doing better than a censure, wait a second, it has to get a higher price when it's mobile, doesn't it? at the same time like i mentioned before this is your -- no longer your parents ibm. company now gets 43% of its sales from software. 32% from consulting both areas have higher recurring revenue and are not hardware. wall street is always willing to pay more. third quarter results were reported a few months ago and both saw for and consulting had -- earlier this year -- took a well-deserved victory lap. >> he thinks a continuous wall street gradually realizes that the new ibm is structurally different from the old ibm, specifically is a much better business to generate consistent revenue growth. that's where they raise the target price. this was aggressive because they went all the way to 210. my view? i think the righteous is dead right. when you look at the breakout it's clear that arvin

accenture beating earnings estimates but falling on its outlook.tear the best peorming sector this year. will we see a repeat in '24? we'll discuss that and get top picks. >>> loaning in on housing mortgage rates easing but elevated inventories still low. the ceo of compass going to give us his outlook for the housing market in '24 when "squawk on the street" continues. you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? did we peak your interest? you can get two unlimited lines for just $30 each a month. there are no term contracts or line activation fees. and you can bring your own device. oh, and all on the most reliable 5g mobile network nationwide. wireless that works for you. it's not just possible, it's happening. >>> lcome back to "squawk on the street." accenture beating earngs estimates posting softer guidance f the quarter and saying on the call they expect st

you've already talked about this one, but you like accenture. >> yeah. that nobody talks about. it's like a name that a probably is going to benefit the most if artificial intelligence. again, this is a big consulting firm probably i think the biggest in the entire world. it's a big market cap. i think it sits about a $200 billion market cap, but it's been around. it's a household name when it comes to corporations, not when it comes to refail guys like -- retail guys like me and you. they're going to bench fit by implement inning artificial intelligence to corporations and mom and pop shops as a well. aaron. ashley: another name on the screen, ccj. >> view saw goil -- you saw oil go $90 to $70 a barrel. the highest production rate in history right now, you don't hear the biden administration talking about that because it doesn't fit the climate change agenda, but we're looking at owning parts of the energy market like nuclear energy. it's the up, like, 80% this year, we think it's got more room to grow. we think nuke nuclear's going to continue to get b

an become more productive that's going to be a hug amount of capital spending tech spending, and accenture they're gonna get their fair share. very low expectations on growth at least built-in for the stoc price. we believe this could be a multi year type of tailwind. >> interesting we'll leave it there gentlemen, thank you both. sderot, we will see you in a moment chad, happy new years eve. >> let's get to the bottom -- that the ten year yield is going to close the year very close to where it started. believe it or not. after everything we've been to rick >> yeah, i find naturall amazing. after everything, after bein down in the 3:30 zephyr being up to four 99, no major closures above 5%. look at a today chart, this is really important, we breache three 80, if you blinked, yo missed it. so inept off a three 79% ten-year trade after a ver poor seven year no option. as you see on the today chart, we've never really gone back down to those levels again now i'm not saying that that option is so super important i reverse the entire market, but it did go into the holiday season, it does undersc

. >>> here is what to watch today, earnings from accenture and fedex.e comments from atlanta fed president bostic as well as watching maersk do not miss a one-on-one with the ceo of maersk at 11:00 a.m. eastern time today. >>> let's get a look at the trading day. look at futures right now. they are in the green across the board. we are seeing the dow close to the highs of the morning s&p and nasdaq in the green. for more, let's bring in jenny h harrington jenny, good morning. >> good morning, frank. >> we have been talking about the rally with the dow hitting new record lcloses jenny, give us your word of the day. >> it is trendless we are in a trendless market from here until the end of the year it is confusiconfusing. i was trying to come up with a more inspiring word of the day, but didn't get there i think there are so many cross grounds. we have seen rotation where there is money moving out of the mag seven and other areas. we have year-end repositioning and profit taking. those are all hitting and you cannot say between now and year end we should

partners include microsoft azure, accenture and deloitte and serves thousands of global brands including. >> good morning, frank. good to see you as well. >> earnings are up 20%. investors clearly liked what you had to say. give us a sense, what are your customers saying to you about their needs as we go into 2024? >> well, amidst the evolution of the cloud and cloud environments, digital transformation leading into business transformation virtually all companies need software to work perfectly, and our focus is to deliver observability and application security solutions that help customers do just that, so we participate in this exceedingly large market leveraging a.i. to deliver our solution set to them. >> talk to me, you leverage a.i., one thing you use it for is security. since the start of the israel/hamas war, what are your customers saying about their security needs, and how are you using a.i.? >> well, security is a key element of what we provide to customers. they want to be able to analyze their vulnerabilities. they want to be able to ensure that their software always is work