adam parker. straighten up. the guy's a doctor in statistics. how could you come up with a price target of 11.67. everything else is a round number. scott does his work. we'll see you soon. >> thanks, guys. >> 20 minutes or so before we ring the bell. nasdaq is up, as i see, a bit more than 1%. >> pretty good rebound today following the year's biggest sell-off earlier this week. up next, we're going to break down the charts and show you why it could take some time to see some profits come off the table. >> after the bell, we'll check in with the ceo of hyatt hotels. will sky-high gas prices force consumers to cut back on travel. >> look at the commodities right now and how they're trading. you're watching the "closing bell." >>> but first, before we go to break, the "dividend." which small cap stock is the bigger loser so far this year? build-a-bear workshop, dine eji, or overstom.com? look at all this stuff for coffee. oh there's tons. french presses, espresso tampers, filters. it can get really complicated. not nearly as complicated as shippin

. >> adam parker,ou

adam parker from morgan stanley.you about hul you're take on it. >> we were not there for the first five or six disappointsmentments. we bought a sustainable cash flow. todd bradley is a very respected guy and probably makes sense to combine these divisions. >> that's a great point, particularly at the level thaw actually entered the stock, which is obviously a much better scenario in terms of the next -- >> well, price does make a difference. >> and you love tech. tell us what is behind this vibrancy in technology. >> we've had a pretty cautious view of the market but we like tech more than machinery because we think the estimates are generally more achievable. they have more cash. they are returning that cash to the shareholder. so the market i think is saying it misses an industrial beat, that's only happened 10% of the time. i like the price that i'm paying relative so we prefer it here. >> i would make one other point. five years from now or ten years from now, the number of devices that have an i.p. address is

and if you're someone such as myself or even, dare i say, someone who i admire greatly, adam parker atve at the beginning of the year. >> that is accurate. >> but inherent in your tone is the assumption that this is part one of a four-part story which will continue through the year. whereas someone such as myself, and i will speak for myself, would say the market doesn't go up like this. 1995, this is not, you're more likely to see these head winds and speed jumps along the way, not the least of which again is the french election. we have a whole new story, and i saw mohammed el arian today, employer of my good friend tony say portugal will be the next greece by the end of the year. your assumption is this continues uninterrupted. i would argue you the other side. >> that's what makes it such fun. >> all right, coming up, new ipad madness and apple watcher weighs in with his theory on the company's pricing strategy for the tablet and what the new dividend and buyback means for the company. >>> as we've been reporting all morning, apple announcing it will pay a dividend to shareholders

. >> adam parker over at morgan stanley last year made probably one of the most accurate calls on the s&p 500. so there's our kudos for us bashing goldman just a little bit this morning. >>> meantime, we are watching a couple of big stocks, oracle posting better than expected quarterly earnings. software giant posting 62 cents a share, 6 cents above estimates. also current quarter guidance largely above consensus. revenue growth numbers were below estimates. oracle said it was helped by a jump in new software license sales. if you had to really pick on oracle for something, that would be hardware. hardware was yet again a disappointment. it is again forecasting flat growth in hardware for the next quarter year on year. you've got to wonder if sun is working. if they're actually getting traction on the high-end servers. if their phase-out of the commodity servers is fast enough and if they can make this work at this point. >> larry ellis has been saying de-emphasize this. sun microthe revenues have fallen off. it was a good quarter. but what i'm surprised about is the trash talking on