danielle shay, chris grisanti and our bob pisani >>> still ahead, despite how hot the housing marketderivative play has fallen 10% since going public at the end of 2020, but one analyst says it is time to buy the dip. the stock and thmabendhe call, next (inspiring music) - [narrator] at southern new hampshire university, you can finish your degree faster, and for less money. transfer up to 90 college credits toward your bachelor's degree. - i was able to transfer a lot of my credits and it made it easier for me knowing that i don't have to start all over again. - definitely lowered the cost by being able to transfer those credits in. - [narrator] get more transfer credits, pay less tuition. now that's something to celebrate. apply free at snhu.edu >>> welcome back we saw mortgage applications climb 1.5% last week despite higher rates we saw mortgage rates hitting their highest level since march of 2020, a sign home buyers are trying to beat more increases that could be down the pike. one company that could be well-positioned for the winter warm-up in home buying is portrait at least

danie da dan danielle shay with our trade >>> we will ask what's behind the slump in semis right afteranager left to “find themself.” leaving you lost. 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 matching your job description. ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. ♪ >>> welcome back to "the exchange," everybody >>> the hot trade of 2021 really falling apart this year. we are talking about the semis where declines continue today after the sector is coming off its worst day since march. the sell-off has broadened names are down 5% to 10% from 52-week highs. those down 10% to 20% include applied materials, xilinx and broadcom in fact, since january 1st, only two names in the smh are in the green, intel and taiwan semi taiwan semi up almost 10%, intel about half that amount let's bring

charles: i want to bring in simpler trading options director danielle shay, and danielle i want to start with the netflix, because it's one of these well- known stocks that really honestly for maybe five or six years went up when wall street said it would go down and now it's getting slammed poor guidance but do you have folks like rich greenfield pounding the table to buy it today. what are your thoughts? >> so, you know, charles i'm looking at netflix this is just so critical to the health of the market overall because netflix is the first that comes out and reports and historically , it trades higher by about 5% going into earnings. this quarter, it got slammed pre -earnings and their earnings report was actually, i think really good and it got completely destroyed so first of all i would say it bodes very very poorly for what's going to occur next week on major tech earnings. as far as actually coming in and buying netflix, i really don't have a problem with it. i like netflix, i think it's going to be around for a long time. if it can hold 400, you know, averaging in some shares, my

joining me now, danielle shay, mark tepper. what's this session telling us?skittish because we've seen a return from last year. we know there's not a ton of upside left in some of these high flyers, so i think we're seeing money shift into special upside like the industrials. as of right now, it's a one-day move, but if the nasdaq breaks below 16,000, that's where i get a little more concerned. charles: mark? >> charles, i think it's telling us that when money was free, valuations didn't matter. now all of a sudden they do because we're about to enter this rising interest rate environment. and when you're in those environments, all things being equal, those higher multiple companies, they should underperform, right? and, charles, it is absolutely crazy when you look at the numbers right now. 18% of the companies in the russell 3000d even with companies with no web sites, only 14% were trading at ten times. i think investors are going to play closer attention to valuation. charles: yeah. and they're not offering sock puppets, so it's another knock against them

here with more of the story is john ford and danielle shay is here with our trade today.ce president of options at simple trading. welcome to you both. john, we have at least one believe. >> i guess we will hear -- oh, you mean the person that wrote this note. >> yeah. >> kind of, kind of. what fascinates me about this note is it is to out perform but he doesn't really fully believed that the intel ceo can pull off the strategy as viewers know, two months ago i went out to california, sat down with pat for half an hour or longer, really drilling down on the strategy. in this note he is saying, i don't think foundry is going to work, i think intel is pretty far behind product wise amd. pat gelsinger telling a different story how quickly he thinks intel can close the performance gap. he has products out this year at cse he would argue are on par with amd we will see how the benchmarks around power and power consumption play out also they have graphics chip they're launching, brand new business, plus the foundry stuff this analyst is skeptical of, gelsinger tells me is happe

larry glazer, david nicholas, danielle shay. start with you.tative session, feels like so far this week, markets are looking beyond their horizon. is it too soon to over look a hawkish fed? >> beyond is absolutely the right word. is there anybody that doesn't know inflation is a problem? look it, the news, look at the paper, go to the grocery store, go to the gas station, it is everywhere. if everybody knows it. even jay powell at the fed admits inflation is a problem. admitting you have a problem is the first step towards recovery. we can look beyond inflation and omicron. charles, it is tough to be a tech investor when you have inflation. when you start to realized it is priced in, price to value, price to sales like tech stocks you've already been crushed. it is in the market. for everybody else there is rotation. the rotation already happened. charles: meantime we had 10-year bond yield up, danielle. that is still edging lower. it is not necessarily panicking. really can markets in general, stocks and bond markets say okay, the fed will hik