we need to take a closer look at allergan's daily charts., a bullish moving average crossover. you can see that that's the blue crossing over the red. on top of that, the stock has also made a cup and handle pattern. that's this right here, which looks a little like a little cup shaped bottom next to a handle where the stock trades sideways for a period bizarrely, this time the handle came before the cup. it's usually the other way around as collins sees it, the short-term, we can't expect much more than allergan than a move to 185 because the recent run has been pretty much straight up still, he thinks we have a floor of support here at 168 from the backwards cup and handle this is a very reliable pattern for up stock now take a look at the bottom of the chart. we've got a new tool that we've never talked about on the show it's called the shawn day trend meter. this is a momentum gauge that combines multiple different indicators, the bands, the relative strength index, osri, price changes and standard deviations across six time frames it pu

. >>> welcome back time for the blitz all allergan shares are higher >> it's been moving higher since they announced the quarter you've got center, which is not that well-known, but a great firm this this worth about 230. the question is, will they get the ceo who's done a great job, has gone to go and that's not the dpraetest of automatic time. i think he can come back, but if he splits, if they replace the ceo, he'll come back >> tyson hit ago a one-year low today. they cut the profit forecast and it's talking about trade war >> this is probably the most strongly worded dime of the fear surrounding tariffs. specifically speaking, about beef, chicken and poultry. chicken being a head wind for the company. i wouldn't buy stock here. they're telling you uncertainty is going to persist and in lieu of a complete president backing away from these tariffs, this is going to struggle. zpl >> is rat wharks do you think this at&t upgrade goes to a buy. from neutral >> the stock's been washed outsiout. the uncertainty has been taken away it's a play on how much synergy expenses could they cut o

because i believe rates are going to go up i also like health care and i like allergan. celge celgene. >> josh brown. >> yeah, so we don't make changes based on a calendar. one thing i'll say is we remain overweight international international equities are doing worse this year than ugs they did better last year. that push >> we did not flee from those expected yields because i just don't see that as being the right behavior given where we are in the cycle >> let's get to some second half ideas, how to position your portfolio for the second half of the year we're joined by amare prize financial services advisor gale reed she's one of the barron's top 100 financial advisors on the list there hey, gale. good to have you here. >> thej overall we still broadly liked technology but we stayed balanced in most of our portfolios with a good position for taxable accounts and municipal bonds. >> international just like josh brown was saying is that a valuation call, and you say 15%, where is it historically, or where has it been >> it's been a low as 8% to 10% for an average portf

. >> i'm going to stay with allergan. >> that's what i was thinking about. >> i knew you were thinking't going to remind you and i regret bringing it -- >> you were playing along there. >> exactly i always blame somebody else and joe was right here you have temper. another one may be coming in look, they bought a lot of companies. you can demerge those companies, tremendous value there i would buy it here. >> joe >> intuitive surgical. >> john? >> erin, thanks for being here. >> thanks. >>> "power lunch" starts right now. >> president trump just finishing up a one on one with ""squawk box's"" joe kernen. his news straight ahead. >>> plus comcast shares rallying today, officially dropping its bidding war for fox. what should our parent company do next? stick around to find out >>> special "power lunch" series "dangerous jobs" continues, a meteorologist who chases deadly tornadoes to save lives. "power lunch" starts right now

would you buy allergan right here >> i don't know.as up almost five points today it was at 170 not long ago it's having a real run they're starting to straighten the story out, but it has had a big run. i think i would wait until under 1820 o to get that thing done. let's go to paul in illinois paul >> caller: hi, jim because of your wisdom, i'm able to help send my boy who is my best friend to georgetown university. >> yes with will who happened to be on with us for the tarpon rodeo go ahead >> caller: he wants to be the next jim cramer. >> really? >> caller: my question is -- oh, yes. my portfolio is overweighted with procter & gamble. i need to get back to 84 to be even what should i do >> we don't care where it's come from we care where it's going to. we got that real good yield. but what i think you ought to do is pick among the rubble, use the weakness to buy some of the tech stocks that i've been talking about. that's the way to go to diversify away from just all proctor. how about david in california. david? >> caller: boo-yah

david: and we have allergan out with second quarter earnings. $4.17.eat with alix: i want to touch on conoco real quick. earnings coming in at $1.09 a share. alix: i want to touch on conoco realconoco boosting the forecasr full-your production, and they have capital, still pretty much remaining unchanged, but they did cut capital guidance, and they are boosting their full-year views. be these guys, it will critical, how much money they are making from the rally in oil and what they wind up doing with it. strong, are pretty cutting capital guidance, but they are boosting. they are cutting capital guidance. david: but the question is -- what do they do with the money? will they have buybacks, shares? have not seeni that come out in the press release, but they did have about 1.5%. that is analysts do not want to own that company particularly. exxon, you will see a buyback coming. it will be a good day. david: your favorite. alix: totally my favorite. facebook earnings weighing on as equity futures. very different story third into the ecb, euro-dollar a little bit weaker, $1.17. we have b

great call by jane i congratulate her i listen to her on allergan.ld have saved a fortune >>> we have a lot of stocks we haven't gotten to this morning we'll also revisit the broadcom/ca deal opening bell's next. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. you'll only pay $4.95. when it comes to travel, i sweat the details. late checkout... ...down-alternative pillows... ...and of course, price. tripadvisor helps you book a... ...hotel without breaking a sweat. because we now instantly... ...search over 200 booking sites ...to find you the lowest price... ...on the hotel you want. don't sweat your booking. tripadvisor. the latest reviews. the lowest prices. >>> you're watching cnbc's "squawk on the street," live from the financial capital of the world. opening bell in just about 30 sends. busy, busy morning president in the uk as we continue to watch his european tour kroer cpi up, the hottest in about a decade a downgrade for netfl

not unlike the loophole that queens its own jack lew did to set down the allergan deal. >> they did.hey might get challenged in the courts you might get a response in the marketplace almost immediately. >> i think so. and i believe that, look, i don't want to say if larry is right or wrong i did push for lower taxation on dividends. i think a lot of people would watch the show proctor is up, by the way. a lot of people watch the show want to have dividends and i think it is but i think that overall people would say this is just a benefit for the rich i'm not going to disagree with that. >> yeah. times does say 86% of the benefits would go to the top 1%. i can't disagree with that that's empire call larry would say absolutely what matters is those people are able to spend. those people, i mean, you by you recognize more businesses -- >> that goes back to counkohn. >> yeah. you could say that's a trickle down larry has a lot of evidence that indicates that businesses can get jump started by it there's views on both sides. i think the most important thing that larry has done is really i

breakfast under precious down a quarter of a percent that is one name to watch, we are looking at allerganeet announcing a new two-billion-dollar stock buyback program stock trading higher ahead of the opening bell, as you can see, almost two percent, martials parent out with mixed earnings, right now earnings per share beat the estimate for revenue short of expectations, oil prices american cutting capacity guidance third and fourth quarters capacity very important to airline analysts shares american lower in premarket down three-quarters of a percent, a headline a bomb exploding interior u.s. embassy in beijing overnight police say injured 26-year-old man who was holding the device, it was made out of fireworks, authorities say suspect is from mongolia motive unclear u.s. employee was not damaged no one else was hurt. >> northeasterlien ceo mitch barns retiring the end of the year became ceo data analytics firm in 2014 companies plan to start a search for new ceo immediately shares sharply lower premarket on news down 20%, so that is another stock to watch today, finally this the really