. >> you saw the shares of amgen just now.is one of a half-dozen stocks in which morgan stanley cut its rating. we are talking johnson & johnson, merck, are genex, and jen lab. it is not like there is one overarching reason why morgan stanley is more negative on these companies. in a lot of cases they figure there is nothing to push them higher. they don't look as attractive as they were a few months ago. that is what is going on in terms of the groove. it is a different story in a sense. you look at health care stocks in the s&p 500. historically, they have struggled to keep up with that benchmark. even without weakness, the second most heavily weighted group in the s&p 500 are about 13.5%. some of the stocks that have weighed on the group this year are among those that morgan stanley cut ratings on, merck, amgen. to these stocks at least, the firm's call kind of like pouring gasoline on the fire to some extent. guy: you need to segment the health care sector. health care has fallen 19% year-to-date. moderna has been a driver

but -- but this morning morgan stanley cuts j&j, cut merck and amgen all to equal weight.ee notes read the same way. limited risk/reward awaiting strategic direction, limited news flow in terms of driving the shares higher. so you have merck and amgen, two worst performers right 0 now. >> a little contrast johnson & johnson has done bet perp don't know what will get the stocks moving, merck and amgen from these levels. health care a bright spot quietly. not big pharma specifically, the medical device names and services have helped out there definitely defensive tone in that respect to the recent market going to mention a couple of other leaders in the morning, which were real, on the down side mastercard and visa. a lot of puzzlement last week. real underperformers bad news flow for them in terms of amazon suggesting others use -- what's that >> glad you're bringing this one up. >> amazon in australia suggesting people look for alternatives affirm news with amazon. while they use kind of the visa mastercard rails, seems as if they're getting nudged aside from their complet

>> for example, we invest in abbvie and amgen these are down 5% to 7% in the last month if the marketwn 5%, you would say great buying opportunity. they are trading at 13 times earnings you look out to 2022 earnings growth it is mid to high single digit it is positive as we return to normal and people and hospitals full. that will not persist forever. as normalcy returns and we go to the hospital for normal vaccines and procedures and everything, and that is happening. we can't pretend it isis armageddon when that happens, i think these are really under valued. that is in the health care space. i was looking at the portfolio and you have the pipeline companies like enterprise. trading 13 times earnings. enterprise with 8% yield oil prices have sustained around 70 very solidly there are good things you can do there. on the reit side we own sl green. a large office building owner in new york city. we can't pretend people will not go back to the office. when you have an eight-year lease term, you can't ignore that there is a lot to do out there when you think the market is frothy or over

another class of drugs first bernstein saying some of the winners coming out of this are regeneron and amgenor some of these inflammatory conditions. so this really rocking the pharma world today back to you. >> meg, thank you. >>> when we come back, we'll talk to the ceo of match group america. it's about how vaccines and booster shots are going to play into the fall cuffing season which apparently mike santoli knows all about. >>> after the bell, quarterly results flom chewy we'll talk to the company's ceo right after the numbers cross before he jumps on the conference call with analysts. "closing bell" will be right back this is how you become the best! [wrestling bell rings] [music: “you're the best” by joe esposito] ♪ try to be best 'cause you're only a man ♪ ♪ and a man's gotta learn to take it ♪ ♪ try to believe though the going gets rough ♪ ♪ that you gotta hang tough to make it ♪ ♪ you're the best! around! ♪ ♪ nothing's gonna ever keep you down ♪ [triumphantly yells] ♪ you're the best! around! ♪ [ding] don't get mad. get e*trade and take charge of your finances today. ♪♪ the wm phoe

prices have been languishing we think you could buy some very good healthcare companies like merck or amgen and we think when the environment is a little bit tougher, people are going to pay more attention to that they're not going to have the logistics problems they're able to handle inflation. so we think that their earnings are going to be more dependable in an environment where there are going to be a lot of disappointments. they've been overlooked and shouldn't be >> so now that you've sketched out where you see opportunity, maybe explain why you wouldn't be in a name like bed bath and who else would be in that category for you of parts of the market that you think might not have attractive entry points >> so we think there's tremendous liquidity and as a result a lot of stocks have gotten very, very adversely priced that's where we're most concerned. we think that ultimately gravity affects stocks if the valuations are too excessive, we think there are going to be a lot of companies that will disappoint because of some of these inflation issues and the way to not get hurt is to avoid

>> biogen, amgen, the usual characters in there.ual investor buying an etf. you broaden out the scope. instead of picking the best needles in a stack of needles. buy the whole basket. you are better off trading that way. cheryl: i'm an etf index gal. i have been there for years. i'm right with you. jets this is global airlines, major carriers. i think it is interesting time to get into the airline group in particular because we really don't know where the delta variant is going to go. you say this is a good entry point though? >> it is an interesting trade. think about this. watch how the airline industry, jets, which is the etf of all the large aircraft carriers. every time covid bows up it goes down. we think if we get a little control of the delta variants, maybe backs off, we think the airline industry could project itself up to the 29, 30, 31 range. it is trading 23 range. very interesting what we think could happen with the airline industry. cheryl: you like soxx. this is semiconductors. explain that to me. >> it has not been

higher but they kept the price target, they took mark's price target to 85 so it is not terrible and amgenoff but they are impacting. stuart: tuesday morning, take a look the meme stocks, just two of them, game stop and amc. so far this year these shares have surged 900%. look at amc for a second. 2 million people went to their theaters over the labor day weekend, that a large number, the stock is up 3% on the news. lauren: a labor day record. labor day weekend record for the movie theaters. the new disney movie is one of the reasons for it and game stop is up to present up 2000% this year. stuart: amc trading on fundamentals record box office over the weekend. stuart: lauren: they have good news to support the share price being up 3.6%. stuart: another standout, jd.com made a change at the top. why should i care about the new president of the chinese company? >> the new president will be responsible for daily operations paving the way for ceo richard blue to step down amid this criticism and crackdown from beijing and we heard comments from the new president that are in line with what chi

i amgen fer casarian and i work here at san francisco international airport.y dogs got started the day after 9/11. an employee brought his therapy dog to work after 9/11 and he was able to see how his dog was able to relieve passenger's jitter. when we first launched the program back in 2013, our main goal was to destress our passengers however what we quickly found is that our animals were helping us find a way to connect with our pang. passengers. we find there are a lot of people traveling through the airport who are missing their pets and who are on their road a lot and can't have pets and we have come in contact with a lot of people recently who have lost pet. >> i love the wag brigade. >> one of my favorite parts is walking into the terminals and seeing everybody look up from their device, today everybody is interacting on their cell phone or laptop and we can walk into the terminal with a dog or a pig and people start to interact with each other again and it's on a different level. more of an emotional level. >> i just got off an 11.5 hour flight and ni

the winners are walgreens boots, chevron, merck, united health amgen all on the winners list.gy companies, look at that, that list is full of them right there. oil has gone to $72 per barrel today. nasdaq winners headed by ebay, very solid gain up 4 1/2%. see if you find the story on it. regeneron, a covid treatment company essentially. they're up 2%. got that. >>> then there is this, senator risch from idaho demanding to know who is in charge at the white house. roll tape. >> this is puppeteer act if you would. we need to know who is in charge, who is making these decisions. stuart: yeah, who is making the decisions? kayleigh mcenany was on the white house communications team with president trump. i will ask her if she knows who is running the show with president biden. she is on the show later. we told you about spacex launching all civilian crew three days orbiting the earth for heaven's sake. does it mean anyone with training and money can go? michio kaku on that next. incomparable design makes it beautiful. state of the art technology makes it brilliant. the lexus nx. exp

i amgen fer casarian and i work here at san francisco international airport. the idea for therapy dogs got started the day after 9/11. an employee brought his therapy dog to work after 9/11 and he was able to see how his dog was able to relieve passenger's jitter. when we first launched the program back in 2013, our main goal was to destress our passengers however what we quickly found is that our animals were helping us find a way to connect with our pang. passengers. we find there are a lot of people traveling through the airport who are missing their pets and who are on their road a lot and can't have pets and we have come in contact with a lot of people recently who have lost pet. >> i love the wag brigade. >> one of my favorite parts is walking into the terminals and seeing everybody look up from their device, today everybody is interacting on their cell phone or laptop and we can walk into the terminal with a dog or a pig and people start to interact with each other again and it's on a different level. more of an emotional level. >> i just got off an 11.

i amgen fer casarian and i work here at san francisco international airport.r therapy dogs got started the day after 9/11. an employee brought his therapy dog to work after 9/11 and he was able to see how his dog was able to relieve passenger's jitter. when we first launched the program back in 2013, our main goal was to destress our passengers however what we quickly found is that our animals were helping us find a way to connect with our pang. passengers. we find there are a lot of people traveling through the airport who are missing their pets and who are on their road a lot and can't have pets and we have come in contact with a lot of people recently who have lost pet. >> i love the wag brigade. >> one of my favorite parts is walking into the terminals and seeing everybody look up from their device, today everybody is interacting on their cell phone or laptop and we can walk into the terminal with a dog or a pig and people start to interact with each other again and it's on a different level. more of an emotional level. >> i just got off an 11.5 hour fligh