let's ask adam parker. he's with me welcome back. >> thanks. >> seems like you're getting more defensive you upgraded utilities to overweight, staples to equal weight and downgraded discretionary. >> i'm trying to position for the inevitable either you benefit from ai, you can't be destroyed by ai or i don't know, right? i'm starting to realize i know i'll need utilities. i'll need staples. maybe they'll trade higher. >> wait a minute you're making market calls, broad market calls at this point? >> no. sector calls >> on ai >> yes >> who's going to win? who's going to disrupt who's going to lose? >> the market multiples are telling you who they think are going to win and things that are going to benefit, not benefit or get destroyed. what i realized the market's not up because people got dovish on the fed. it's because there's things changing and ai is starting to impact a lot that's part of the reason the market's up. part of the reason invidia's up. it's not speculative >> people say there's a bubble rela

adam parker used to be a chip analyst.ategy i'll see you at 3:00 "final trades," please >> s&p global. this is a company that peaked in late 2021. it's had a long time to recover, starting to form a base. we think issuance will come up if the economy strengthens >> good stuff. thank you. josh brown >> oracle. this stock remains a breakout in progress very avled in ai i like it still. >> six-month t-bill, 5.5 yield that's what i'm buying >> joey? >> egt corps >> good stuff. thanks, everybody. i'll see you on "closing bell. "the exchange" is now. >>> thank you, scott welcome to "the exchange." i'm kelly evans. a tentative debt deal has been reached, but we look at the hurdles that remain and how accused impact banks, inflation and the fed. is a rate pause out of the question if it passes? plus, there's an item in the debt deal that could be problematic for consumers and the economy. that's especially true, given the timing mark zanldzy is here to explain why he's worried and bitcoi

gabriella santos, adam parker and we're down two and we will be looking for that with leslie picker fanatics, and contessa brewer we'll do final trades now. rob sechan ten years in the investment committee. you have to have a good pick >> thank you for all of that, by the way. i appreciate mastercard, resilient grower and expecting mid-teens growth expected by travel and rising international business in its capital, and 50% free cash flow margins. >> jennie harrington >> columbia bankshares and this is umqua and columbia that merged and it got thrown out with the baby with the bathwater and here's what's cool they actually just raised the dividend today and only by a penny which isn't a lot, but it's a huge statement. >> so let me ask you this, you say it's a super high quality regional bank and it very well may be and if you say it is i have no reason to not believe you, but other people said and not that first republic was a super high quality regional bank either, but when things are as volatile as they are in this space, and sometimes it's ask questions first and then later with this spa

. >>> adam parker is with us, ceo of try variate research. of this mega cap mania, it's pretty remarkable. not much seems to want to stop it are you concerned about it at this point >> people are more dovish than they were at the beginning of the year two is the relative perception of safety that they have in terms of earnings estimates. if everything is way too high, maybe only a little too high the third is ai. all those things are real and i think they explain the returns you mentioned up top of the hour what's the catalyst potentially to get them lower. it's probably in order people getting the wind that the fed is more hawkish, maybe they'll pause longer that could probably bring in multiples in a little bit. if you get a slowdown in earnings in july, i don't think any analyst can call builds on a one month out for a big company like that. the problem with apple, returns are 80% explained by macro factors. b, it's a 28-variable problem and they're trying to isolate to one. it's hard to call apple's quarter on a consistent basis. >> you g

♪ yeah, yeah ♪ >>> closing bell, 3:00 eastern time adam parker, mira pandit will be with me today along thawing after a big been next week i home you'll join me then, final trades, joe t., up first. >> i'll put this on on the close. this is purely a trade, nothing more. >> trade >> you had earnings last week for amd. you had bad earnings and now you have good price action and they'll report earnings on march 2nd and it goes down to 81.02 and you see it at 85.50 and put a stop at 85.48 which is a high that morning post-earnings >> it was up on the ai-related report about a partnership with microsoft. they were making chips for microsoft. >> this is purely based on studying the price action. it's a trade >> 15% in a few days, three days, five days. >> how high is high? no one knows the answer. >> liz, final. >> gold. i've liked this for a while. i know it'sal all-time highs i think it's there for a reason. >> what's the name >> uso >> i'll see you on "closing bell." "the exchange" is now. ♪ ♪ >>> thank you very much, scott hi, everybody in on this monday. i'm kelly evans and here's what's

steve, thank you steve liesman, appreciate it let's continue the conversation with adam parker, who'st, went to neutral on stocks? >> well, i mean, i think the banking crisis has probably bad for loan growth, tightened financial conditions aren't great. but, you know, i think most of the conversations i've had with investors recently have been what am i missing, why is the market so resilient? what is the bull case besides something around positioning and sentiment? is there something underneath there? a lot of us are trying to create a belief that we can be 10% up in a year and what would cause that obviously you guys are focused, and a lot of people on gpm and the conversation around it if you're investing and looking out toward year end or farther. >> what would cause us to go up 10%? >> i think it's got to be -- >> it's always positioning. >> that's always the throwaway if you look at valuation or premium or asset classes or earnings expectations it's hard to tell a sexy story about equities, that's a challenge people are going to say there's a fear of missing out and the flows an

parker tells cnn her tough on crime platform necessary along she says with investing in philadelphia's working class neighborhoods. when asked about being compared to the new york city mayor eric adamsn ideological box relative to what i believe was the prescription that we needed to employ to ensure that philadelphia was the safest, cleanest and greenest big city in the nation. >> st. louis'll own jon hamm voicing a new ad for marine veteran lucas koontz, the democrat who wants to replace josh hawley in missouri. >> no n. missouri you can't fake courage. we're the show me state. courage is something you have to show us. >> the first lady jill biden becoming the piece de resistance on the food network. she made a cameo last night on "chopped." she surprised four active duty military chefs taking part in the finale of a salute to the military. >> please welcome first lady of the united states dr. jill biden. >> our military is so important, and we are so thankful for everything that you do for our country. >> thanks for your time on "inside politics" today. we'll see you tomorrow. "cnn news central" starts right now.

parker, new democratic mayor for philadelphia. she is a moderate, pro-police, tough on crime candidate. and i think if you think of her in the mode of eric adamsn-americans who are moderate centrist and, again, i think she is the winner of the week. >> bret: loser. >> loser is clearly ron desantis. he got punched out here by mickey mouse this week. you saw bob iger the president of disney say is he going to pull a billion dollars project out of florida because of anger. >> jeff bezos' company blue origin just got this contract to build a lunar lander and joins elon musk spacex so that's a big deal. gave his losers prince harry and meghan markle. they looked especially publicity hungry when they announced they had been in near catastrophic car chase that the nypd said was no big deal. >> bret: yeah. not sure if they were chasing or being chased. [laughter] >> who was chasing who. >> winner for me this week kevin mccarthy did a great job of holding people together. he is in the more positive position on this debt ceiling negotiation. my loser is the fbi. i think that after the durham report and everything that we got out of that it is just a tot