is electronic arts emerging as the winner or should you buy activision to catch the rally?>> i think you should buy activision based upon the fact that really relative performance is totally underfmperformed on valuation. the "call of duty" release has been kind of eh. "diablo" is something people are more excited about ea has started to rally back but they all got destroyed people have understood it's a valuation story. you give these guys three bucks in earnings it's a $60 stock in my opinion net cash. >> it makes sense because it went from an all-time high of $82 or so down to about $40. that did it over about a two-po period of time to get you to 60 gets you a retracement of that move and on valuation you could make a compelling argument. i agree with tim >> i think you buy all of them think about google and apple, what we've heard in the last week or so they'll be hunting for developer, more content. it is a huge tailwind for all three companies. i believe you can buy the laggards and the outperformers >> i'm going to give you an unconventional pick on this one. why no

activision is answering the call of duty today. webbush adding activision blizzard to its ideas list, saying the video game maker is well positioned for significant outperformance this year and also outsized growth next year. activision up just over 3%. >>> up next, early 2020 democratic candidates descend on the nation's capital, jockeying for position on a range of issues from tax reform to health care. we go live to the we the people membership summit to hear their thoughts about america's economic future. we'll be right back. i can't tell you who i am or what i witnessed, but i can tell you liberty mutual customized my car insurance so i only pay for what i need. oh no, no, no, no, no, no, no... only pay for what you need. liberty. liberty. liberty. liberty. ♪ a cockroach can survive heresubmerged ttle guy. underwater for 30 minutes. wow. yeah. not getting in today. terminix. defenders of home. ifor another 150 years. the fire going ♪ to inspire confidence through style. ♪ i'm working to make connections of a different kind. ♪

tonight we've got more showers all the way overnight so yet the doppler radar sewn things get kind of activision make away in the center of i the big swirl toe pushing on shore and that's why going to see more rain overnight look at almost understand thunderstorms up and down the san joaquin valley and the more snow up in the sierra nevada as well. the bay area things kind of tapering off a little bit you see the showers winding through there. but now things are beginning to slow down just a little bit those thunderstorms through the erupting though in towards stockton and modesto but the bay area being spared of the thunderstorms still more scattered showers out there right now that will likely continue for tonight and then it's tomorrow morning we'll see a brief break i think tomorrow afternoon and then we've got another storm system on thursday in a much stronger storm system coming our way on friday. we'll have more on that in a few minutes. >>and stay connected on the storms this week with a crime for weather app we have full forecast interactive radar and push alerts on big weather events.

take two, activision, blizzard, all lower today. the biggest u.s.ealth insurer, united health, one million new customers coming from the company business that sold health insurance to employers and individuals and many of the rest came from their medicare unit. the company raised its forecast for the full year but is still lower on the session. agreed to buy back $1.5 billion in contingent convertible notes. the debt is priced with the expectation that they would be bought back by the issuer at the first opportunity and in february they claimed to renew the euro nominated cocoas after keeping investors guessing for weeks. that is your latest bloomberg business flash. ibm supports its earnings today after falling revenue, but that won't be what analysts are most focused on. anna is here to tell us what to watch. >> the deal hasn't closed. we would love to hear what they have to talk about regarding strategy going forward. ibm, they think this is the last for ibm to- chance make a relative gain in the tech world. everything that they were selling befo

i mean, activision, they've got a combined mark cap, if you look at the media company, the four smallerom, lion's gate, they've got a combined market cap of 25 billion. that streaming service apple announced, that's not going to gain any traction. they don't have enough content. if they're smart, they'll pick up somebody and merge it in to try to give them something to be able to compete and i think you'll see that in general. >> dan, it's john fort. i'm not clear of how you're distinguishing between these content producers. some of them are running platforms. they have data. are you talking about these platforms that are generating data and interfaces that are able to be smarter about what content they are then pulling out and presenting or the actual on the ground producers of the content who don't necessarily have great data about who's viewing it but have a track record for producing good stuff? >> well, it's the latter, right? if you've got a lot of companies that all want to be the netflix of gaming, you need games. apple doesn't have any games. so you're going to need to get that

why do you pick activision? >> talk about my final four for the time period. like cybersecurity.l spend money on that for rest of our lives. i like egaming. i lock blockchain and overstock, we'll get to that. i like banking. silicon valley bank is one of the big horses. area of venture and private equity. with overstock, the thing i love about overstock you get three bites at apple. they're selling the retail division. they're spending a ton of money. they are spending money desperately over the last five years, before we even knew about crypto and blockchain. that is coming to the front. so you have three bites at that. retail. medici ventures and. my goodness how could you not love rapid seven, which does the cybersecurity? big time cybersecurity. what do they call it? what the is name they do? vulnerability software. [closing bell rings] >> i love the market. liz: he loves the market. >> can i have my ball back? liz: final four ball back. s&p a and nasdaq pulls off a win. now time for "after the bell." connell: stocks mixed as you see into the close. the dow ends lower. down 8

take a look here activision and blizzard have seen sharp declines in the key games while call of dutyeen flatter sales that's a big problem though it is expanding across mobile platforms and china. biogen down 40% from its old highs and the stock plunged late last month following the decision to end the late-stage stud evan alzheimer's treatment that did not produce the desired result and they report tomorrow. general electric gave weaker than expected 2019 guidance and that was back in march and they mentioned a challenging year ahead and americanairlines hav extended cancellations of flights involving 737 max jet and american express they got killed on concerns of global groekts slowdowns and they proceeded to miss earnings when they reported last month. there are a lot of fundamental reasons these stocks are weak and individual stock stories and elsewhere, other names down 30% for their 52-week highs and halliburton and schlumberger they still haven't recovered and big retail nameses like macy's and nordstrom and l brands there's definitely damage out there. melissa, back to you >>

that reason, the stock has been under some pressure here it's also "fortnite," which is driven activisionwell as ea lower. ea anywhere under $100 again is a nice deal. >> steph, your turn. nick in birmingham, england. earnings next wednesday on c.a.t. give me the opinion on c.a.t. leading into that. >> well, i own it. trading at 12 times forward. to me, that's attractive it's a global growth story stock so if you believe we're seeing the bottom in global growth and we're going to see a recovery, you want to own this stock i don't think you're going to see that in the quarter next week they have a new cfo, very focused on profitability, very focused on cash flow, i like that as a long-term shareholder so i'm long, i've been long for a while and i expect over the long-term the stock to go up >> sarat you get one from patrick in orlando, thank you. what is wrong with capital one to me it seems well undervalued by the street. >> capital one, synchrony, trading at about 7 to 8 times earnings but you've got a credit card company here that are about to get walmart's portfolio, the issue is credi