quick point i would make, d.r. horton, the largest constituent of itb the thing does look incredibly cheap if you're taking a look at what the street is forecasting for next year's earnings i would just offer a little bit of caution on that consider that you're dealing with net income estimates for a full year next year that are double what the company earned in 2019. that seems pretty hard to achieve when we're in a very different environment. we're in a different environment just looking forward economically we're in a different rate environment. i have a feeling that some of those estimates in the home builders are going to come in. >> boeing. it's been on quite a run of late, up nearly 50% in the last three months carter, how does this one look >> quite a run indeed. it's low of 115, it closed at 215, almost a double off the low. it's quite often the same circumstance we want to find levels, identify them in this case, we've blown out through the top of this well-defined down trend. what often happens is after blowing

. >> yeah, a surprising, i think, lennar and the performance that lennar has d.r. hortonbefore it's so conflicting when you think about the environment for housing, but yet the performance for a lot of these home builders, it shows sometimes that the economy and the stock market don't necessarily always correlate. >> there's a lag >> i'm sorry rob, meta. that was your stock summit pick. that's on the list >> yeah, we agree. obviously, a terrible 2022, but we've already seen a meaningful reset in earnings expectations for the coming years jimmy will arm wrestle me on this one, because he thinks there's a lot better ideas i could have picked. but because there's been a value trap in the past, but these cuts make for a very low bar. you're seeing a reacceleration in their core business, a stabilization in user growth and engagement and so we just think it's a stock given the price that we can own, and it's showing that thus far this year >> carrie, it's not in your stock summit, but it is in your portfolio. you have as high hopes for meta as wolf research does in rob >> it t

that being said, we have our favorite i think there will be differentiation as the year progresses d.r. horton is the topic they're focused on the right part of the market that we were talking about, entry level first-time buyer very consistent executer. >> john, thank you very much we appreciate your insights as always john low vallow. >> thanks for having me. >>> still to come, conserving space. we'll take a look at one startup trying to make clean, reusable rockets. plus ride-sharing the wealth piper sandler upgrading uber saying car prices will opt for consumers to turn to ride services >>> welcome back to "power lunch. i'm bertha coombs. here is your cnbc news update. the husband of a missing massachusetts woman is being held on half a million dollars bond for misleading investigators searching for clues about his wife's disappearance. brian walshe was arrested yesterday and made his first court appearance today prosecutors say they found a broken knife and blood in the couple's basement and they have video of walshe buying $450 of cleaning supplies the day after his wife was last seen wa

same with d.r. horton putting up amazing numbers and best of all, the design and produced trucks which is fantastic for everything that's goes into a truck and cramer fav and trust holding caterpillar. >> buy, buy, buy >> the one area that seems destine for hardship is tech to enter the justice department decided it wants more competition in the marketplace so taking that shot at google again. ten years ago we coined the term fang on the show the group remains snake bitten fortunately, microsoft, that end never got into fang reported a gigantic upside earnings surprise, very strong cloud numbers. much needed good news after the recent layoff announcement but the bottom line, in the heart of earning season, i need you to understand the reaction is often right depending on the time frame but could be wrong either way, if you have conviction, the reaction can often be a great opportunity to buy, buy, buy or sell, sell, sell let's start with berry in florida, berry >> caller: hi, jim thanks for the opportunity

d.r. horton report before the open in the morning. know it is on your watch list for the folks watching. is it buy, sell hold before the close today or hold off? >> i think it's a safe bet to come in right now. it is still trading pretty low. they have actually been doing pretty well on the day before their earnings report with the stock really popping on the reports. they have been pretty consistent, i would say yeah, i think this is a good play to get in before it potentially pops tomorrow. charles: erin, you need to go to europe more often. what are you concerned about right now? paul was sanguine. he loves everything. gary a little bit more circumspect. what about you? >> i'm still concerned about the growth, technology within the u.s. i think we're still in this very heavy macro environment. i don't want to get exposed to any of the high valuations. that is where i'm picky about very specific sectors, very specific stocks. i'm not willing to jump into the broad market just yet until we stop this, you know, super macro focused env

d.r. hortonr than expected quarterly orders. it's all morning that housing market pressures may persist into the key spring selling season. global news 24 hours a day, on-air, and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm lisa mateo. this is bloomberg. ♪ girls... the chess club has gained an edge on our bake sales. we need more ways of connecting with customers, fast. i know some consultants with great ideas. can they help us improve our digital experience? absolutely. they've invested over $2 billion in tech. that could really help us manage inventory. and save us a ton of dough. then let's take back our market share. checkmate, chess heads. girls, i said “bedtime”! >> if you focus on china, that is the main destination of exports by iran. we have been in contact with the chinese authorities, will continue to take steps to sanction those involved in the import of iranian oil. tom: robert malley of the state department, special envo