look at the bristol myers today. they were very solid.re's other things moving these things around that are not fundamentals. >> you like health care as well. >> yeah. we like health care as well. i would note in addition to politics and pricing and valuations and the concern, one of the other mack kro concerns m&a. people are worried that a softer macro environment will mean less flow. >> or lower multiples for the deals which were at incredible highs. >> right. >> heat on inversions. >> i should point out a lot of the bigger companies are saying the lower valuations are making them more opportunistic. abbott highlighted that. they want to emphasize that they're looking for opportunities. >> medical equipment names still work in the environment. you still see m&a there. striker. they talked about that performing well year to date. all those names in medical equipment will work. >> thanks. >> all right. coming up a bright spot in china as alibaba's earnings beat the street. stock is turning lower though. josh brown earns it. we'll get his

we're joined by the ceo of bristol-myers squib. are big in oncology, the harvesting of the immune system to fight cancer. where do we stand in the progress in that space and what your drugs have shown and what more we're going to be able to do in this area? >> this is a really exciting time for us. we're the pioneers in immune oncology. we're in an exciting period of growth. we will a great 2015 with unprecedented success. our product was approved about it fda in five indications in 2015. and overall, we're approved in 40 different markets. we were able to show a survival advantage across three times and i'm really pleased to see that adoption in the market has been very rapid. >> we're talking little bit about the sentiment here at the conference. inve investors feeling nervous. the stock really getting hit, especially hard yesterday. you have a unique growth stories and they weren't asking but macro issues. can you talk about what is going on in the sector and how that affects you? >> we look at market trends as a priority all th

that or an endless greek crisis have to do with the price to earnings ratio of bristol myers. most likely nothing which is probably why it's time to call the drug company. it worked every time since 1983. you don't want to buy the stocks leading the decline. you want to look for stocks in areas independent of what's ailing the market that's rarely a safe bet. once a company breaks it's difficult for itself to mend and sectors that control half of the stocks movement. here's the bottom line. in a sell off there will be stocks that have clear reasons for going lower and ones that get sold along with everything else. the first are broken companies. avoid them at all cost. the second group are made up of stocks and that's exactly where you want to be. still ahead, the opportunities created during a market wide sell off. how to zero in on the stocks worths buying and then the cause for concern if you're looking to invest and why you should be worried watching some stocks rally. yeah, some bad stocks. mad money will be right back. >> welcome back where i teach you how to navigate ma

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bristol-myers squibb thanks the patients and physicians who participated get fast-acting, long-lasting relief from heartburn >> pelley: economic growth slowed sharply in the fourth quarter of last year to just 0.7%, down from 2% in the third quarter. walmart laid off about 10,000 workers this month as it closed 154 stores in 27 states. many of them were the only place to buy groceries. here's david begnaud. >> reporter: shopper tap that snow watched as the front doors to her walmart neighborhood market were could have had last night. >> in the big cities you know there's a grocery store on every corner. they don't get what small town living is like and how important having a grocery store here is. >> reporter: america's biggest private employer is pulling out of white wright texas, a year after opening here, leaving this town of 1700 people without a grocery store for 22 miles. year anniversary, and they're shutting it down. that's crazy. >> reporter: retha thompson has two daughter-in-laws who worked, at this walmart. >> they chose to come here, and then when they put the other grocer

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bristol-myers squibb and physicians who participated in the opdivo clinical trial. >>> finally tonight here, it's only happened a handful of times on jeopardy! and it happened last night. here's abc's david wright. >> we deal with this today -- >> reporter: final jeopardy! the category, state capitals. >> you risked and lost everything. >> reporter: strike one. >> no. that, too, is incorrect. >> reporter: strike two. >> let's see what mike lost. all three contestants bet and lost it all. the answer, little rock, arkansas, home of the clinton library. an embarrassing game show fail. there have been plenty of others. >> name an animal with three letters in its name. >> alligator. >> name a yellow fruit. >> orange. >> i have the wine by johnny cash. >> that is not correct. >> reporter: tonight, a clean slate on jeopardy!. no returning champion. >> so, sorry, folks. >> reporter: don't forget the what is format. david wright, abc news, new york. >> thank you for watching here on a tuesday night. i'm david muir and i hope to see you right back here tomorrow. from all of us here at abc news,