exxon, anadarko, what are your favorites?dropped but if you look back from june of 2009 to october of 2010, $68 level, if you start to nibble on diesel oil names, e o ig and anadarko, the best house on the block, these sitdown molds. if you tone down the risk of a little bit and look at exxon mobile and chevron after integrated oil which offset some oil price weakness you get a dividend yield. those are the names we focus on if you are getting back in the market. tracy: thanks for sticking with us through all of this. dave: shale oil stocks getting crushed today. down 12, 20, even 36% as the price war causes havoc among domestic oil and gas producers will the opec will play kill off all u.s. shale oil? that is the first question for our panel. steve more, heritage foundation, and advisers managing partner, how do you pronouns that? >> each the retail advisory chief. you have written about and lectured about the fracking business. they are hurting bad. don't know if you saw that charge at the top but they are getting crushed t

>> devin, rig, anadarko, i like them because of activist involvement. outside the one i know, baker hughes, i look for some activity in those names because i think activists can push the boards to do things. >> do you have to be selective in this group? >> yes. >> you can either be extremely broad which you will end up owning predominantly the biggest names in the init deck, or if you want to be selective don't worry about which one is more high beta. i would worry more about quality and focus on balance sheet. there are going to be dividend cuts and impairments. it's a guarantee. we don't know exathly where. i would skew towards companies -- >> very quickly before we go, $70 gundlach thinks is a line in the sand. sounds like you agree. >> i do agree and a strategy you have to have for 2015 when you look at the energy names be selective and identify who has valuable assets either through activism or through m&a you'll see the value, the premium value, stay within those energy equity names, even if oil is to slide. >> all right. coming up, the big ease i

anadarko always thought to be for sale. i don't know.s lawsuits were cleaned up, people felt this is the one to go. a lot of people thought whiting would go. i think at this prices people are figuring out drilling budgets first and then acquisitions. >> yeah. on that note, of course, last monday we saw two enormous deals, baker hughes/halliburton and actavis. >> brent saunders did a great job. i had mr. likes, a guy giving it all she's got, never enough. never enough for hedge fund. remarkable company. spin off of pfizer. it doesn't matter. there's a man who is a very good -- analyst about what they've done. they are the research leader. but that doesn't matter. allergan was a research leader, that doesn't matter. they never go after pfizer, never go after lilly. they go after winning companies. we should never feel sad for ceos who are well-paid. but i also feel there's a lot of pride. do you go after belichick? shouldn't you go after tom koffman? i'm using that analogy. >> why aren't you going after underperformers? no company that is

overseas markets but based on the stock picture there were laggards in his portfolio here including anadarko and masco corp based on filings. for tress's macro fund, a high flier having a hard time in 2014. manager mike was buffeted by the painfully close brazilian elections late in the month and the candidate he was betting against won by a thin margin. nonetheless that and another prediction he made on japan at our dlefrg alpha conference seemed to pan out reasonably well in october from what i'm told. >> certainly feel like this is the year the japanese investors are starting to buy their stock market. one of the themes we is have in our portfolio stay long the japan story, stay long topics, dollar/yen. we're buying top picks instead of nikkei because that's what the japanese are buying. >> thanks to that trade his book gained 3% last week alone. trimming its losses to 1.8% for the month and 6.6% down year to date. one exception to this disappointment is bill ackman whose pershing square has been a leading performer now up 33%. october actually didn't do him any favors as he was pretty mu

exxon, chevron, hess and anadarko moving higher on the flip side airline stocks moving lower.nd so far today. >> looks like materials and energy are pushing this market higher. let's get to rick santelli on the political beat today. >> politics is one of these things where it seems to have invaded the space of the marketplace. when we talk about things like jobs and the economy, what the president said last night is super important. i would like to welcome the man who knows politics better than most. i'd like to call him a friend, chuck todd. thanks for taking the time this morning. >> happy to do it, rick. >> let's start right at the beginning. what did you think of what the president said last night in his address? >> well, i tell you. when you watched him lay it out and watch him make a tactical case for what he was doing and explaining it, then making a moral case, you did have to ask yourself why they didn't do this six months ago. he seemed to have the passion for this six months ago to do this. obviously, they made a political decision not to do it, senate democrats did

wow what is this going to do to anadarko? they are going to do fine. how about america? >> on that front, lower gas prices giving consumers more purchasing power last month. retail sales rebounded in october. up by better than expected 0.3%. take out gas purchases, sales rose 0.5% after falling in september. nordstrom, better than expected results. comps up 3.9 in the period. we got downgrades on half a dozen names in retail. >> i wanted to buy every one of those, tjx. not abercrombie and fitch. they have to leave the office. i would tell you the nordstrom call -- they are so good. nordstrom is so good. they talked about their opening in calgary, which i thought was funny. first store in canada. they had great comps there. target opened 125 stores in one year. it's a $900 million loss. nordstrom does everything right. they opened a couple of stores. by the way, in terms of the way they handled their conference call and how open-handed they play. first thing, they had too much inventory at the rack. the outlook was terrific. if you want to sell nordstrom, i want to buy no