cnbc's dom chu has all the details for us back at headquarters. hey, dom. >> all right. so sara, if you're looking for that hot spot in the market it is the small cap stocks right now. the dow, the s&p, they're just off their record highs, but they're up between maybe a half a percent and 2% year to date. meanwhile, you've got the russell 2k small cap index, up 6% so far this year. that means it's gained over 20% since its lows back in october of last year. that's solidly bull market territory. now, among the stocks that we looked at worth at least a billion bucks that have really helped power the gains, if you will, names like herron therapeutics retrofin, horizon pharma, the case for the smaller and mid-cap stocks has to do with global exposure to the markets. they don't have much relative to their larger cap cousins. so if things go wrong abroad maybe like in greece perhaps it spreads to europe maybe asia they're relatively insulated. they don't have as much of that relative exposure toward foreign profits as well. the bearish case involves what happens when the u.s.

dom chu is here. dom? >> what is happening right now, the st.dinals is being investigated by the justice department and the fbi for possibly allegedly hacking the houston astros and they broke into the computer networks and those networks were compromised on certain statics, also scouting reports, possible trade data and, again, interesting enough, the investigation is being led by a field office. it's progressed to the point that the subpoenas have been issued on the cardinals and according to law enforcement officials there is a statement, however, from the commissioner of major league baseball saying that, quote, they've been aware of and are fully cooperating with the federal investigation into the illegal breach of the astros database. again, hacking in baseball. the cardinals allegedly possibly hacked the houston astro maybe secure data on statistics. >> dom chu, thank you. >>> both european stocks have recovered during the session. we were down at the beginning for fears of the default possibly exit from the eurozone and contagion up 2.5%

dom chu is all over that story, dom?ybody who thinks about this theory dow theory this, idea that maybe transportation stocks can tell you where the prodder market is going to go. if you take a look at the broader market as represented by the s&p 500 and the dow transportation average, you can see over the course of the past year they have in the beginning tracked relatively closely to each other, and all of a sudden we've seen this divergence. that's what you're seeing right here more recently. does that fortel some kind of a move lower in the broader market overall? well, our data partners took a look at some of these numbers. cnbc pro and the analysts took the numbersÑi and looked at maybe all the occurrences that we've seen about where we've come in terms of 5% drops to the transports. over the past ten years there's been a 5% drop in the dow transportation average 31 different times. now, out of those 32 times, the s&p falls along with that particular move in transports 81% of the time so more often than not and the

. >> thank you very much, dom chu. our final predictions on what to expect. ♪ we will rock you anthem ♪ ♪ call 1-800-royal caribbean or your travel agent today more and more, data is visual. in fact, the number of mris has increased by ten percent a year. and a radiologist might view a thousand images to find one tiny abnormality in shape, contrast or movement. because it's so challenging, a research project is teaching ibm watson to see. in the future, it could help clinicians spot key patterns quickly and precisely. ibm watson is working to make healthcare smarter every day. the driver-assist systems.gent it recognizes pedestrians and alerts you. warns you about incoming cross-traffic. cameras and radar detect dangers you don't. and it can even stop by itself. so in this crash test, one thing's missing: a crash. the 2016 e-class from mercedes-benz. >>> quick news alert for you. our michelle caruso cabrera with that. >>> a member of the ecb governing council says it would not be a problem if greece leaves the eurozone

let's get to dom chu in the newsroom. dom. >> so melissa, according to multiple reports, the normalization of relations between ourselves and cuba continues. again, multiple reports say that the u.s. and cuba are going to announce the opening of a u.s. embassy in havana as early as wednesday, sometimes -- again, reports saying the obama administration is ready to announce on wednesday it's reached an agreement with cuba on reopening embassies and restoring relations. that according to a senior u.s. official. so again, reports are, multiple reports are that the u.s. and cuba will announce that embassies will reopen in havana, in cuba as early as tomorrow. we are still working to confirm a lot of these aspects. but for right now a lot of these headlines are that maybe diplomatic ties get normalized in a much greater degree as early as tomorrow, melissa. back over to you guys. >> that was fast. dom chu, thank you. >>> so long first half. the second half of 2015 getting under way tomorrow. so which names are worth buying? let'

guys, back over to you. >> thank you, dom chu. so are markets really setting up back here?rector rich ross over at the smart board with a look at the charts. should we be concerned? down 9% for a triple crown year. that's not too good. >> no, we shouldn't. before we saddle up an indicator that happensnsn't generated a s signal in the last 37 years let's trot out some facts, melissa. the data is improving. we saw that last week on friday. and the inflation data out of europe. the deals keep coming. 27 last week alone. $136 billion in deals. and the world remains stimulative in terms of the monetary easing out of the ecb, the boj, pboc. you name it. now let's go to the charts last but not least. keep it simple. the purple line, that's the 150-day moving average. with the exception of that october correction which took down's 9% last fall. you can see we've held the 150-day for a remarkable 2 1/2 years. i think form holds here and once again we hold that 150 day. it comes in around 2070. that's a little too close for comfort. however, absent a break below that level that holds

dom chu. even though their logo is the judgment-free zone. let's judge it. >> what do you make of the ipo market? there are certain people i can say it's the top of the market. there are certain people you can say guys are going in trying to raise cash and they could be late, could be early. doesn't matter. the market's going to judge this. we're going to look back in six months or eight months and say whether this was the top. but a lot of guys see an ipo like that. i'm not judging it completely based on that. but an ipo like that and think maybe the market is a little bit toppy. >> okay. we'll wait for details on planet fitness's ipo. in the meantime it's time for pops and drops. the big movers of the day. top pour under armour. >> i often talk about nike which continues to break out to fresh highs. under armour under a little more pressure living up to the valuation and the many pz so for me this is a stock that continues to trade well right on top of their game but an expensive stock. a stock i stay clear of. >> drop for fireeye. >> stock

dom chu is back. eric. this is a story we have got to hear.rida received preliminary approval of a class action lawsuit against the producer of beck's beer which happens to be anheiser-busch. the lawsuit points out that the label on beck's says beer "originated in bremen germany." but below that it says it is made brewed in the usa. so we are now suing apparently over false labelling. eric, have you some amazing examples of how we are getting snookered everywhere. >> it is not just about beer. red stripe wants to say they're jamaican. they've even sponsored the jamaican bobsledding team. they're from wisconsin. >> red stripe is brewed in wisconsin. i'm going to the brewery. foster's is american. red stripe is american. there are other lawsuits. in fact blue moon says they're artfully crafted. they pretend to be a craft beer. the best examples aren't even about beer. haagen-dazs founded by a jewish couple. they wanted the company to sound danish because of how denmark treated are the jews in world war ii but haagen-dazs is from the bronx. germa

dom chu has been digging into this story and joins us now with more.ut ultimately it's a power play right? >> it is a power play and what kevin plank the ceo and founder of under armour has effectively done with the board of directors is solidify his position as the most influential person when it comes to under armour both strategically, creatively and everything else you can possibly think of. what they have now done under armour's board has approved the issuance of a new class of stock, a c class of stock, ticker not yet determined also wondering what's going to happen and when it will trade and what not. the important thing you need to know about the new class c stock is it does not have any voting rights at all. again, under armour will have a situation where they will have a share class of stock that they can use as currency for possible acquisitions deals to maybe sign athletes down the line. that's not going to give away any control of the overall company. now, it's going to come in the form of a stock dividend that's what you need to know. eve

dom chu back at cnbc headquarters with more names for us. >> let's hit both sides of the coin.eek for that new tech world giant. we're talking of course about facebook, the biggest social network company out there. it passed the market cap of the world's largest reermt, walmart. that move kicked walmart out of the s&p 500's top ten companies by market value. among large cap tech companies apple and facebook real standouts to the up side. on a year-to-date basis apple's up 15%. afghanistan fbs's up 13%. that's a lot of firepower on the bullish side for large cap stocks and technology. but not all those large caps like you said have kept up. check out what's happening with semiconductor stocks like intel, down 15% so far this year. qualcomm down 13%. on the software side of things you've got oracle down 9%. large cap technology stocks that are lagging. then there's google. the second biggest stock in the s&p. shares are positive but lagging behind some of those other tech giants. the class a voting shares up just 4% so far this year, still beating the s&p. the non-voting shares,

the only four voice messages i've gotten have been from like dom chu. in "swingers" when he's calling that girl -- >> you mean like a stalker? >> don't call me again, dom. >> you just don't like people. >> what did oscar wilde say? "hell is other people"? that's not true, i love people. jamie dimon can probably afford to pay for voice mail. he's a newly minted billionaire. let's bring in robert frank. >> you can inhurt your money or start a company and take it public. but jamie dimon has found a third way as a professional manager. bloomberg reporting today that the ceo of jpmorgan chase is now worth $1 billion. his shares are valued at around $500 million. he has real estate worth over $30 million. the rest came from his compensation and investing the proceeds from his previous stint at citigroup. now, dimon has created a lot of shareholder value since becoming ceo. $110 billion, to be exact. the shares nearly doubled since he took over. dimon is not the first corporate manager to become a billionaire from shares in a company he didn't found or take pub

dom chu breaking with that. >> two large cap companies. boeing. jim mcnerney. that man will be the current boeing president and chief operating officer dennis mulen mulenburg. he will become ceo july 1st. jim mcnerney will remain on the board. the current coo dennis mulenburg becomes the coo effective july 1st. >> netflix will split its stock 7-1 effective later in july. right now looks as though it will be payable on july 14th to stock holders of record at the close of business on july 2nd. boeing gets a new ceo dennis mulenburg, effective july 1. netflix announces a 7-1 stock split effective july 14th for shareholders of record. back to you. >> thank you. we'll have much more on those two big stories. new ceo announced for boeing to succeed jim mcnerney. >> how calmly dom said a 7-1 stock split. >> gary cohn we were just hearing about the potential risks that lie in that clearing house system that dominates derivatives. what can regulators do about it now that it is making the system safer? >> clearing is very important. we need to be careful wh

dom chu you've been digging in. >> on a positive note, mandy, and the reason why i say that is over thely has been a predominantly positive month for the markets, again, over last decade. asked our data partners to take a look at numbers and here's what they came up with. the three major indices post average gains during the month of july. s&p 500 up 1.5% up 60% of the time, not too badch the nasdaq the biggest gainer up by about 2%, also positive 60% of the time but the dow from a batting average standpoint, the real winner here. it's up 2% and it's up 7 out of the last 10 years so it has the best winning percentage. sector standouts, take a look because we do see interesting themes developing. over the last ten years, take a look at -- take a look at some of the stocks. let's do that instead. apple is one of the big gainers here up about 9% -- up 9% up 90% of the time. alexion pharmaceuticals as well. big return 13% on average for the month of july and up nine out of the last julys. celgene the same story and snap-on tools, twelve 12 stocks up nine out of the last ten years and one st

dom chu has the latest there. dom?adquarters, scott, so that's where he is, tom brady, along with representatives of the nfl players association, meeting at the headquarters of the nfl. there you can see tom brady mobbed by fans, paparazzi and news media. trying to work his way into the building there. his appeal is today. with nfl commissioner roger goodell. and the sense here is we're going to get some headlines, possibly coming out of this particular appeal hearing. now what we're looking for is whether or not there is any kind of movement by the nfl to reduce brady's suspension. remember, brady is appealing this because he's got a four-game suspension to start off the season. the reports right now are that if they somehow or, in some way lose this particular appeal, to roger goodell, they're looking at what the possible next steps are. we don't know exactly what could that be. some rrts are that they could take it to court. we're waiting to hear what happens. tom brady at hq for the nfl in new york city. we'll brin

. >> we've got to go to dom chu. what do you have? >> there is a volatility trading pause, a trading curve. shares were up 6% going into that trading halt for cigna because anthem has made a takeover approach of cigna. this is according to sources familiar with the matter. bids came in at $75 a share for anthem to buy cigna. and cigna rebuffed the takeover approach from anthem. again, this is all according to sources familiar per a dow jones report. cigna shares halted right now up 6%. anthem has possibly made a deal. we'll see what happens when the stock reopens. it was talked about being in play from a health care acquisition and insurer standpoint. we'll bring you more details when it opens for trading. guys, back over to you. >> time to get to our first guest. he ranks among the best-performing hedge fund managers in the business. a strategy of only buying one or two stock as year, not often that andrew wellington finds something new. he recently did, though, and ears here to tell us about it. good to see you. >> good to see you.

dom chu has and has the details. >> 4% today, shares of twitter are among the best large-cap stock performersagain. the move is being driven by amongst other things, the acquisition rumor of the day. the rumor du jour. this rumor mill has been churning for sometime now. remember the shares have been on a downward trend, filled with a lot of volatility since hitting the high of $56 back in october. they've dinned to give back a lot of those gains, dick costolo's departure as ceo, jack dorsey taking over on an interim basis. if you look at a chart year to date this thing is rough. and if you look at year back it's been tough. so maybe this pop, yes, there's an acquisition rumor out there. there is almost every other day, in this case, you might want to treat it with skepticism. >> i would disagree, think the acquisition rum sr going to be a permanent feature. but the proximate cause of today's spike, the tech press has been complimentary about the details of project lightning. buzzfeed broke the story, just about everyone has had their say. i haven't seen anyone say that the idea that you could

. >> guys we have breaking news at hk with dom chu. >> a steak in conagra, we do now have a statement from conagra. conagra are commented to acting in the best interest of shareholders and we welcome share hold earn gaugement. we look forward to opening discussions with jana partners after the june 30th fourth quarters and discussing their views on shareholder value creation at conagra. i want to throw out three names possible board candidates per the regulatory filing they have named in the filing possibly brad alford a former ceo of nestle and james lawrence, the former cfo of general mills and hired as a consultant diane deets who is safe way's merchandising officer. a lot of folks thrown in the regulatory filing as possibly people who can get involved and all have consumer products and or grocery type experience to go along with it. back over to you simon. >> thanks, back to you, b.k. >> this stock is up 33% over the last 5 two weeks. it's up seven to 8% this year. not like management has been doing a terrible job. you're not talking about a cratering situation. i'm curious to see

dom chu has details. >> scott, etsy stock has seen a lift as tiger global management.n by chase coleman increased its stake in etsy to 9% from a prior 6.5%. the stock soared out of the gate with shares doubling on the fist day of its ipo trading. recently the online craft stock has been struggling. recently dropped below the $16 ipo price. it could see extra buying interest because of the tiger global betting on the stock. etsy very vom tiff as of late to the down side. we'll see if chase coleman has a bit of a pop to the stock, back to you. >> he is today, dom, can add a >> josh, what do you do with this? >> this was a name that we panned around the whole table and all looked at this and said no way. now it's been cut in half and below the offer in price and maybe chase coleman is buying low. hopefully to sell higher. >> do you ride coattails here? >> no. because you'll have time if this is really a stock that's going to stand on its own two legs. would you almost rather try higher and see some results come in unless you know something other than what they have commun

dom chu at the market flash desk with that. >> shares of david's tea, very much in hot water, pleasegive the pun. the stock down about 20%, the canadian specialty tea retailer reported a loss in its first quarterly report as a public company. high-profile ipo this month. the company blames costs related to the poir aipo and a stronger dollar. we will say it's tough, no analyst coverage, no comparable estimates, they do say though, current quarter they're going to post a loss, that's why the shares are down. starbucks in the news, closing its 23 existing la boulange pastry shops, starbucks will continue to sell the la boulange products in its stores, but says the separate boutiques for la boulange and the operations are a distraction, they'll continue to sell the pastries, just not in their individual stores, keep them in starbucks, back to you. >> pete, starbucks? >> you still can stick with it i'm not in it now but i like the name and i've rotated into other areas, i like what starbucks is doing. sometimes you have to flush something when it's not working. look what target had to do

cnbc's dom chu back at hq with the story. >> mandy, walt disney announcing it's going to boost its dividend15% on an annualized basis. that's important here. the company will begin paying it twice a year as it continues to benefit from its "frozen" movie franchise. it also looks forward to a new "star wars" release later on. the shares hit an all-time high closing down by about half a percent but it's up by about .4% in the after-hours, 263,000 shares have traded but it's important here that 15% boost means it's now $1.32 per year on an annualized basis. the dividend yield, guys, about 1.16%. back over to you. >> thank you very much. can't wait for frozen 2, 3, 4, 5:006 -- >> don't even have to wait for that. "star wars." some projections are it's going to be a $2 billion movie. that's not counting a lot of other stuff. you don't have to bite stock at all-time highs at $113 or $114 in the after market. you can start pick at it if you're looking out to that december 18th release of "star wars," 105. put your stop -- or your buy order right there. >> dave? >> i think disney's going perform we

by that i'm talking about dom chu. just check it out, ladies.hecking the sector dom, you know you get these things that you come on and do -- the assignment desk do these people sit around thinking about what you should do? i have some suggestions for what i'd like you to look at some day. >> you should definitely put those in the suggestion box that resides on our assignment desk. i would say, joe, becky, andrew it's a real mix. right? there are stories that i like to tell sometimes and there are stories that they want me to tell sometimes. so i'd say, joe, it's a mix. but we are always open to suggestions. >> what's going on with the transportation? that's one thing i want to know. >> we will. that's a key area of focus for a lot of investors right now. >> and the dax. the dax is down. >> it was in correction territory the last few days. >> i know. i thought europe was the place to be because of qe and they were where we were two years ago and that's you know get in over there for the -- it's already had a 10% correction. >> it's an interestin

and dom chu will join us. stay tuned. "squawk box" will return.u do business everywhere, the challenges of keeping everyone working together can quickly become the only thing you think about. that's where at&t can help. with the tools and the network you need to make working as one easier than ever. virtually anywhere. leaving you free to focus on what matters most. big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much. just keeping the lights on. (laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day at norfolk southern. >>> news out of europe. ecb calling an emergency meeting on greece. financial future of the country hangs in the balance. >>> so much for the june swoon. the nasdaq hitting an all-time high. the dow and s&p 500 surging. could investors keep riding this bull into the summer? >>> video games going to the next level. new titl

dom chu opens up the playbook to see if the large cap leaders will stay hot.est private health insurance exchange and how the supreme court's decision impacts the business. plus we want to hear from you. what stories are grabbing your attention this morning? what do you think of the supreme court's decision? tweet to us @squawkcnbc. when you're not confident your company's data is secure the possibility of a breach can quickly become the only thing you think about. that's where at&t can help. we monitor network traffic worldwide, so we can see things others can't. mitigating risks across your business. leaving you free to focus on what matters most. ♪ mamas, don't let your babies grow up to be cowboys ♪ ♪ don't let'em pick guitars and drive them old trucks ♪ boys? ♪ mamas, don't let your babies...♪ stop less. go more. the passat tdi clean diesel with up to 814 hwy miles per tank. hurry in and you can get 0% apr plus a one-thousand dollar volkswagen credit bonus on 2015 passat tdi clean diesel models. you total your brand new car. nobody's hurt,but there will s

. >>> we're going out to dom chu here for an earnings alert, hi dom. >> this time on amberella, theyake chips that go into digital cameras, wearable cameras they are a gogh fro supplier. shares up by a half a percent. they come out with earnings of 71 cents per share. estimate of 59 cents, shares worth of revenues being estimates of 67 cents per share. what's interesting, we talk about this idea they are a supplier for gopro. shares have been staging quite a bit of a rally over the last few months, also very low levels. this. again, after hitting, you know, near $100 a share at one point during its post-ipo life. interesting comments coming from wang, who's the ceo saying in addition to continued growth from our existing wearable ip security and automotive video reporter cameras, we see increased activity across a wide range of home monitoring cameras including models by u.s. service providers, as quad continuers or flying cameras, we look forward to continued success as we enable the next generation of intelligent hd and ultra hd cameras. sop making specific reference to drone-type

dom chu has that. >> by fair and away the best performing sector.scretionary stocks. interest rates overall are pulling back after trading earlier, again just a bit below recent highs. among the leaders today, cmc, also aes, enscanna pinnacle west. so we'll see if this utilities trade, a more defensive sector less economically sensitive holds up giving what's happening with what's happening with the market. >>> a lot depends on the treasury market. for that we go now to the cme group, rick santelli with the santelli exchange. hi rick. >> one of my favorite guests, beaderman, thanks for taking the time, charles. sticking with the beet manyjuice themes are rumors of the death of bonds position greatly exaggerated, or is the book of the recent le die ceased should it include bond traders? nobody knows flowing like charles biederman. >> it's a myth in the mind of the fantasy holders, talking their book that people will keep buying stocks but truth is there's no inflows into funds, try yos or so of buybacks as they've been flooding the equity markets. be

dom chu will have that story next.challenges of keeping everyone working together can quickly become the only thing you think about. that's where at&t can help. with the tools and the network you need to make working as one easier than ever. virtually anywhere. leaving you free to focus on what matters most. ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line. what's in your wallet? >>> jordan spieth did something no golfer has done since the 1920s. became one of the youngest professional golfers to win two majors. >> but it is under armour that hit a hole in one with its spieth sponsorship deal. just the latest in a series of underarm or wins. steph curry. >> absolutely. under armour and its founder have been on a hot stre

over to dom chu. >> what else is up is dreamworks stock up 6%.k to a hold -- to a buy from hold. they set a price target $34 a share. the company cites positive investor meetings with management. also believes dreamworks will benefit from a shift to focus on younger viewers. shares up big about 5.5%. >> up next on the program, officials announcing a massive data breach of the u.s. government that could affect nearly every federal agency. the big question, is china behind it? >>> log on to tradingnation.cnbc.com. you used to sleep like a champ. then boom... what happened? stress, fun, bad habits kids, now what? let's build a new, smarter bed using the dualair chambers to sense your movement, heartbeat, breathing. introducing the sleep number bed with sleepiqtm technology. it tracks your sleep and tells you how to adjust for a good, better and an awesome night. the difference? try adjusting up or down. you'll know cuz sleep iq™ tells you. only at a sleep number store where you'll find the best buy rated mattress with sleepiq technology. know better

. >> now i set it up i'm supposed to go to dom chu. >> take a listen to this.e trading volatility curves. animal health sciences giant zts halted for trading. they were up about 11% before the halt. this is on dow jones headlines that valeant has made a preliminary takeover approach of j zoetis. this is from sources familiar with dow jones. back to you. >> we were just going to mention. >> here is zoetis. pet's pan to the crowd here. the stock has been halted. i don't know if the designated market maker there will be able to open this. >> he is going to stay there with these people until the company makes some formal statement and try to open it. they'll be here after the close. they will wait a certain amount of time and be in touch with the company to see if something will happen. more on that as soon as we've got it. right now closing bell. >> second hour of "closing bell" with kelly evans. >> thank you, bill. welcome to the "closing bell." what a news day we had. let's look how markets digested all that and finish upped the session. decline of 73 points for

brian, are you teeing it up with me and dom chu tomorrow? ite. >> take it up with dom. >> dom. he's talking to somebody about something. probably about the fun you guys are going to have tomorrow without me. more fun without me anyway. >> next time. >>> let us get more on that major setback for the president and his trade plan. hampton pearson in washington with the details. hampton. >> hey, brian. so the senate version of fast track train authority remained stalled in the house until early next week when house republicans hope to have another vote on tuesday to perhaps pass the trade adjustment assistance bill which was defeated by 126-302. house speaker john boehner making that request for reconsideration after that vote which had to be a shock to the gop leadership as well as democrats. now the house did pass trade promotion authority for the president. the vote there, 219-211 with 28 democrats voting for the fast track authority, if you will. but in order for the bill to go to the president, you needed both parts to pass. that did not hap

dom chu joins us with details. >> we do.lying it to golf. that's what this partnership between taylormade and microsoft is meant to do. it represents one of the first time a major golf equipment maker has teamed up with a megacap technology company. in a nutshell microsoft's current wearable will now feature a golf tracking feature. it's going to take data about your shots, distances, how many times you're in the rough. how many times you hit a green or fairway. translate all that in a summary of year round. whether you're playing golf for a living or just a weekend warrior, you're going to be able to manage your game by the numbers to see where you should focus your practice and efforts and how you're improving. so let's talk more about this partnership. joining us is the president and ceo of taylormade. david, thanks for joining us here. so i've got to wonder about this partnership. what made microsoft the right partner for taylormade? >> thanks. great to be here. when we started doing some research to identify how we can

what is hot and not so far in 2015 is our resident stock stack guy, dominique chu. domut, knowing stats makes you cool. and you are cool. >> good morning to you, becky and gang. thank you very much. i appreciate that. let's talk about this because we're almost at the halfway point for the year. so far we're seeing some of the same themes come up this year as we saw come up last year as well. the reason why, maybe the broader markets overall, not so much. but look at the broad market indices. that will give you an idea of volatility we've seen and how flat we are for the most part. as you acan see here the dow jones industrial average year to date after all the swings, up a little over a percent. so we're still up. but not so much. s&p 500, a little over 2%. maybe 2 4. and then the nasdaq up about 7%. we know how much biotech and those semi conductors and the chip stocks have been part of that story here. if you take a look at just the sectors that have been doing really well. just like last year health care continues to be a juggernaut in terms of performance. it's up a

dominic chu has been looking at some of those names. hey, dom.ility in the stock market it's been pretty much within this range all the way back to february. you can see there. so it's leading some traders to think about whether there's more volatility ahead because we haven't seen any. greece may be one reason and the fed and interest rate and asked the guys on wall street whether or not there could be more volatility and some say yes. if you talk about the volatility story, it's unlikely that u.s. equities can sustain a breakout to fresh all-time highs without first cycling through a period of higher volatility. that's jim strugger, a derivative strategist anticipating more volatility. another guy anticipating more is a strategist over at bmo capital markets, bruins beleskey, friend of this show, of course. we believe increased volatility is likely to persist throughout the year and beyond. still things thinks are going higher but not without rockiness. how do you play it? they put together a list of some stocks that could be high quality earni

chu, what are you finding? >> i don't know if you should buy it or not but i will tell you -- >> thanks dom. >> exactly.i will tell you though some numbers behind what netflix has done. bullish case is what you just said. this stock has been the momentum of momentum stocks and the momentum's been positive. but some of the valuations are why some of the concerns are there. it is worth $41 billion right now. in and of itself that doesn't mean very much now. but when you consider it stradz at 1 trades at 178 times last year's earnings. 304 times forward, and trades at seven times sales. some traders say maybe this thing is due for a pause. if you look at the last time netflix split this is another reason why some traders are a little bit worried. first of all, you got to go back to february of 2004. just around this area right here. you can see the year following over to about here the stock lost about 70% of its value. it went from a $37 stock to an $11, $12 stock during that year span. here's the thing. you can know right now we are talking 30 $11 stocks it's worth $684 right now. it's made a huge run. l