you can add more long-term growth opportunities whether it is qualcomm, broadcom and in consumer and amazon, which is well protected on both ends of the risk. taylor: deutsche bank did a study of 1600 market is up and spared 10% said it was a big topic -- study of 1600 market participants. 10% said it was a big topic. he percent said it will be forgotten by year end. does that line up with how you are thinking? >> it is too early to know. i think one has to wait for the science to tell us. early indications suggest it is more transmissible. anecdotal evidence out of south africa suggest maybe it is milder in terms of the severity i think it is too early. we have to position portfolios for any eventuality. whether it is looking beyond at the strength of the housing market, which look at the pending home sale the came off this morning. get the stocks exposed to that. there are ways to invest around this, keep the exposure down to travel related, service related stocks. the extent to which it is a conversation topic is going to depend on what the science tells us in the next four to six

too strong for me to step back and buy it but look at broadcom.ooks like it's had a good entry opponent and should be bought for those looking to add exposure to the holdings. >> quick answers if possible it's not a simple answer is this a sector that you should buy the sector or individual names in it? >> i would buy individual names. >> john? >> yeah. i would buy a smattering of guys with different nuances so i would buy a basket of them. >> thank you for your insights today. for more head to the website or follow us. >>> is the real estate market about to have christmas in november we'll explain what overseas buyers could mean in a moment. >> and now the latest from trading nation.cnbc.com and a word from our sponsor. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> welcome back the real estate market in the u.s. could be more cut throat as foreign bu

holding up is generally technology keeps holding up the old high list is littered with advanced micro, broadcomat is strange is how broad the rally is you very rarely get historic highs in all theindices at the same time. but you very rarely get this deep into the year wherever i think issel major index is up almost the same. s&p 500, mid caps, small caps, and even the nasdaq. kelly, the main thing that happened -- we will talk more about this tomorrow, the record margins we have been seeing. a lot of the bears have been anticipating that in the third quarter and fourth quarter margins would deteriorate as costs went up. but they didn't because corporations have been able to raise prices >> much better than expected the profit margins. >>> the bond market now. ten-year yield is below 1.5% rick santelli can maybe explain why. hi, rick. >> hi, kelly indeed longer dated maturities are finding buyers short-term maturities, like the three year, well, that makes sense. we didn't have a terrifically priced auction even though some of the aspects of the three year note auction like foreign demand were

absolutely if you take a dip in the stock, you need to make sure that is a stock you can own or asml or broadcomany of those companies in semis for sure. charles: right. >> i don't think it translates to every single company. i don't think it translates to verizon or something like that. charles: i agree. it is a tricky thing. we're 300 names into earnings, if something is popping and exploding that is a great problem to have. if something could have exploded if they have the product, and you're not sure as an investor that makes it a lot tougher particularly when the rest of the market is up. jamie, erin, thank you very much. folks, 2:00 p.m. eastern we'll have breaking coverage of the fed decision. tapering is a given. what about hints about rate hikes? you have to tune in for this. i have a guest who is calling out jerome powell creating the widest wealth inequality since feudal times. despite senator manchin saying president biden's spending proposal is a shell game, nancy pelosi wants have a vote this week. i will give congressman mark green's take this week. ♪. i promise - as an independen

we've reiterated there are continued secular growth drivers so you want exposure to companies like broadcomi think value is due to start picking up as the recovery, again, becomes foremost in investors minds. charles: on that note, luke, the nasdaq, as of last thursday, the average stock had pulled back 38% from their 2021 high, that's mind boggling to think of but at the same time. >> it's a lot. charles: it's huge but at the same time, does it suggest buying opportunities? >> yeah, so the easiest way to solve that problem is to have a strategy and be confident in that strategy, so one of the things you can do is have price targets when you go into an investment you should have two prices in mind you want to sell it and take profits or get out of it if it goes the wrong direction and the stock market is all about letting your winners run and cutting your losses quickly, and then in regards to the confidence part, charles all you need to do is take a look at the stock market chart, over the past 100 years that should give you confidence that time in the stock market is more important than t

zynga jon, the offense in semis this week, amd we mentioned this hour microchip later this afternoon broadcomday. we're going to get a good look at how some of these use cases evolve >> i'm curious about this interaction between amc and disney with this disney plus day ha happening on friday and these random disney movies that are going to pop up at amc theatres. this is when disney plus meets amazon prime i'm eager to see how that works out. >> julia, we didn't really talk about disney plus day or how eternals did or how the return of international traveler is going to change dynamics in the theme park, but that's a discussion for wednesday night let's get to the judge >> welcome to the halftime report front and center, rally on as stocks hit more new highs today. one firm says they're going much higher from here our investment committee debating your money's next move. joining us, liz, steve, joe, and jon, the cofounder of ma marketrebellion.com. stocks have been up for five straight weeks we also have the big, new target for the s&p. look at the nasdaq going for 11 in a row. and then there

we talked the other day about how the ftc sent a warning should -- out there when after broadcom forntitrust. they were coming for the big toys. we know the continue of video games will change the wiring of our kids brains and ultimately we have to understand the digital world is not the same as the analog world to the analog world was built for us. we have to learn to cope with it. the digital world was specifically designed for us to entertain us, manipulate us to take their money to empower us all the good things and the bad things. we are still working it out in the next few years strike me. >> are we ever going to get a leader for of a better term manipulate us by social media and is that where we are right now where some speech. >> yeah. i'm not sure we will. until a new technology comes along. i just wrote an essay talking about how silicon valley has changed with the code writers etc. one thing i talked about was freeware which we all love. you are free to download it. it's a truly pernicious valley invention because you give away everything for you but you don't really notic

i like broadcom. you get cloud and data center and a 21 multiple.e lam research playing into the ai thesis. that stock trading 18 times. there's ways to play the theme and i understand why it's going up and metaverse is a part of the story, too. >> all right we'll come back to you in a minute meantime it is both sweet and green. salad chain sweet green making an amazing debut at pricing of the high end of the range. leslie picker is here with more. leslie >> sweet green in the green today with surges up 81% with just about four minutes to go in the first day of trading the salad chain raked in $364 million at the ipo price of $28 per share with a valuation of $3 billion growing to almost $6 billion at its current price now like many restaurants sweetgreen saw a dip in sales last year in the pandemic and now focused on expansion the ceo said with 140 restaurants the restaurant is in early growth he said it could be the mcdonald's of this generation. it is unprofitable and higher labor costs and shortages and the highly competitive food industry is he

ranging from broadcom to amd, nvidia, crack, all going to be stocks i believe with tailwinds behind theme coming quarters. >> mike, your take on how semis are trading of late? >> the group is acting so well with nvidia off the high biggest market cap intel did nothing. to me it shows you that the market is rewarding the long term story even as it shuffles among the winners and losers. >> joe, meltum, thank you. >>> we are just getting started here on the second hour of clo j "closing bell. we'll talk to the chipotle ceo and jim cramer tested the lucid new car. he'll join with us the drive and the stock. hey businesses! you all deserve something epic! so we're giving every business, our best deals on every iphone - including the iphone 13 pro with 5g. that's the one with the amazing camera? yep! every business deserves it... like one's that re-opened! hi, we have an appointment. and every new business that just opened! like aromatherapy rugs! i'll take one in blue please! it's not complicated. at&t is giving new and existing customers our best deals on every iphone, including up to $800 o

. >> there is the opening bed nextdoor celebrating its listing via spac over at the nasdaq, it's broadcomwhat a week. we have a data center event at amd. >> that's high performance computing, something that the milan offering -- lisa sue picks these italian cities to try to -- so it's going to be -- >> kind of like apple does with operating systems? >> yes, it's a aggreat guessing game >> these are people who have become rock stars. >> but also, with the exception of one company all machines are made -- >> here? >> yeah asml is dutch. we've been blocking asml from selling to china taiwan seems to be taking -- i mean, china taking action against the deal it's 51 jobs the communist party. >> which deal are you talking about? >>. >> j.o.b.s. is the symbol, so it's easy to remember. it just gets crossed that was the whole point of the segue. >> it took me a minute to get there. >> >> there is a lot going on, but the attention will be stolen thorn by, jim, as we said at the top. uri. >> people have rocks in their heads to buy these everyone knew this when we were going over the piece this week

with iot, 5g, and other applications and think a diversified hardware semiconductor company like broadcomtors the danger is to be too short-term focused. covid remains a threat we don't know exactly how this particular variant is going to play out if you hold some of these secular growth names plus recovery names, and then also remain exposed to the broader economic recovery, for example, through owning banks and insurance companies and even energy, we think that those really diversify a portfolio well as you know, we use individual stocks to build our client portfolios and so we can really pick and choose. while the market overall might look a bit expensive, there's still very attractive valuation opportunities out there. >> and that reprising on friday, meghan, drew in some retail buyers 2 billion of retail inflows as the second biggest on record according to some data this morning that buy the dip mentality apparently is there among some >> yeah. i think investors have been looking at the gains so far this year across equity indices and feeling, you know, perhaps they've missed out i d

look for the strong secular drivers where sales and earnings will grow tloong -- a company like broadcomean being pretty selective that's why we're picking 45 to 50 equities, and being pretty selective about the mix that goes in there. >> also inflates hedges. so owning some international stocks as that second recovery comes along a bit later in 2022 could be another good source of appreciation in a portfolio. >> what do you think, tim? what's your latest we haven't spoken in a while. >> i think we'll get a correction here coming over the next year, but i still think the market will be higher than it is today a year from now. maybe we touch 5,000 on the s&p, but able we have about a 15% correction to joe an's point we could get one with inflation fear yet. at the immediate moment one of the fourth wave of covid, leading to slower growth concerns, an it's showing up big time with cyclical stocks as of late, returning to growth. what i'm a little worried about is, if covid slows the economy down again, and then inflation continues to worsen in the reports in the next few months that could