breaking it down is a man who has been known to go a little wild himself, the one and only dom chu. > why. i don't think i really think i'm a wild and crazy kind of guy, melissa. >> oh, come on, dom. i am just one wild and crazy kind of guy, maybe, and i do like to keep an eye, like you said, on what's happening with the action. so far this year some of the best trades have come from food. specifically we're referring to livestock. let's talk a little pork first of all. lean hogs, that's, those futures contracts, you can see it right there, upabout 19% on a year-to-date basis. it's been a great winning trade so far in 2016, but some of the winners haven't been all livestock in terms of pork. it's been chicken prices. been on a slight medium term downtrend heading into this year and then there are stocks that have exposure to some of the commodities like chicken or pork or other meat products here and there aren't that many pure play products here on the meat processing and packaging side of things and one of the plays has been processing foods and meat processing names. you look at ho

back over to you. >> thanks very much, dom chu. is the rally for real? ing in the commodities king dennis gartman from "the gartman left." dom brings up a good point saying gold has head faked us in the past and why do you think this is more than just a bounce? >> it's been a terrifyingly bad bear market since november of 2011, so you had a five-year bear market ostensibly. rallies have indeed been something you sold into. weakness was not something you wanted to buy, but for the first time in a long period of time gold in dollar terms and in yen terms and in euro terms and in sterling terms and gold in russian ruble terms all have turned for the better. i think that is demonstrative move to the upside, and i think the public has not at all involved -- hasn't even begun to become involved and if anything the public is on the short side. commercials find themselves with their smallest net short position we've seen in almost 15 years. i think this is indeed different and i think the central banks have made it abundantly clear that they have not been able to

thanks so much, dom chu, the lover. >>> let's trade it. you're saying that you don't want to discount the fact that it's a short covering rally. how about in the case of these sorts of stocks which are clearly sort of the trashier stocks because they were out of favor for so long. >> they are out of favor. there's something that's very sort of -- when these stocks go up by a big percentage move, it really is -- doesn't take into account the enterprise value. these are companies that are very, very levered. why the stocks are so low in the first place and concerns about them going bankrupt. so if you step back and take a look at how much does the enterprise value move when somebody has a ton of debt, not that much even thought the stocks have gone up that much even though there's a sliver of equity. could they move up another, not that much, but still a huge move on the stock. yes, i wouldn't short them but i'd not be long them because you get another three days of crappy oil, and these things are going right back down. >> got news that h.p

for more, let's go to someone who never feels left out, dom chu. dom? >> well, melissa, i don't know if i'd go that far, but i do like to stay involved and in the middle of all the action. at least from a short-term perspective, these are some of the stocks, like you said, that haven't really participated in the upside action. some are last year's winners that haven't really been keeping pace in 2016. among them, video game publication action blizzard. shares have been on a downfriend along with the overall market this year. even with those bigger gains over the last few days, the stock is still lower over the course of the past one week. then there's oil refiner tsoro, struggling energy sector last year. it gained big as well last year. remember, but it's been on a lozing side of things for 2016. the market really bounced. hasn't lifted their shares that much. it's still down over a one-week period as well. a number of these utility stocks left behind in the rally. take con ed for instance, a big winner, especially over the last few months as investors

texas senator ted cruz said dom chu may all but lock up the presidential nomination if he wins back -wins big on super tuesday. hillary clinton won a landslide victory over bernie sanders and south carolina's primary. and seems much more likely to clinch her body -- her parties nomination. leonardo dicaprio finally won an oscar. meanwhile, spotlight was crowned best picture. global news 20 for hours in a, powered by our 2400 journalists in more than one budget 50 news bureaus around the world. guy guy: -- guy? guy: investors disappointed by the g-20 meeting. thegore expecting a speech pboc might deliver on the weekend. it didn't. let's speak to enda curran. wasn't the market really expecting more from the pboc? andreas: enda: -- enda: trying to inject confidence back to the global market. there is a feeling that the g-20 has not delivered. perhaps people were expecting a push that they would deliver interest rate quotes. anything, they overstepped the mark a little bit. fundamentals are not as bad as you would think from watching the global up-and-down of the stock market. has made cl

dom chu has more on that. >> to put it in context. plunge in linkedin shares right now is about 40%. they shave 40d 40% of market va off so far. this after weak first quarter guidance. that overshadowed a beat on revenues and profits as well. the shares are tracking for their worst daily performance ever, since going public in 2011, around 9 billion to $10 billion in lost market cap. a slew of analyst downgrades and price target reductions. even with them, the average analyst target price around $211 per share that implies 83% upside from current levels. >> dom chu, thanks. >>> when we come back, drama in new hampshire. speaking of drama, there's no shortage of it at viacom, as the tension of sumner redstone's succession escalates. there's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your pote

dom chu. barely bends. >> we broke poor dom. >> i would say there is a problem that you're chasing performance at this point. >> tyson is a crazy expensive. surprisingly, approaching 10%. you know, 3%, 4% off the all-time highs. i don't think you're chasing it. i think it's clearly telling you that in this environment, stocks that can be around all-time high, something is going on. you find stocks that outperform, and allow these takes. tyson is one of them. reynolds. >> i actually own it. it's been a great stock for me. >> ding ding. >> yeah. and also, i own mattel. and i bought mattel yesterday. after that run-up in earnings, it was a fantastic number. a company on a turn-around. new management team, new products. i think i said it op the day of the earnings, tablets are not replacing toys around the world despite all the problems in consumption. 5.5% dividend yield. these stocks will trade expensive. because of that dividend yield in this market. guy's right. these trends are working for a r

thanks, dom chu. the selling is getting worse, the nasdaq is off by 3%. >> session lows, by the way. >> when we come back. >> and we'll see on the back side -- don't move. more with richard madigan after this break. at ally bank, no branches equals great rates. it's a fact. kind of like social media equals anti-social. hey guys, i want you to meet my fiancÉe, denise. hey. good to meet you dennis. >>> welcome back to "power lunch." stocks are at session lows. the s&p lower by 349 points. the nasdaq lower by more than 3% or 140 points. richard madigan still on set with us. it feels like everything is down year to date. however, they're not. when you look at the s&p sectors, telecom and utilities, look at this chart in positive territory, financials, health care, all intuitive, sharply lower. should i chase that. should i go to telecom and utilities now seeking safety or are they going to go lower too? >> they should go lower if this keeps melting. but chasing into quality at a high price because none of

dom chu next. >>> welcome back to "the halftime report." check out the gold mining stocks.es of yamana, kinross, all of them up. this as the price of gold surges to the highest level since june and the etf ticker gdx up around 4% as well. other stocks holding things up, check out department stores, nordstrom's, kohl's up, taking a beating as of late. other names, game stop, best buy, hasbro in the green. over to you. >> dom, thank you very much. pete? >>> gdx interesting, back to december, saw the monster call buying and went back to last week, last friday, actually last thursday, huge buying again, they have been going out and buying a little time, which is unusual. everything else in the market we have seen has been very, very short term. the gdx out to june in early december. they went out to june again and rolled up to the 22 strike. so this move in the gdx is expected to continue on, not for right now, but all the way, maybe even through the summer months as we watch the gdx move and the slv quietly. >> you own the gdx. >> i do. i've had it since the december call buy.

. >> thank you very much, dom chu. one of them is the final trade. >> fun little quiz.hilip morris, absolutely. what's interesting, a lot of these names have run a lot as dom pointed out. at&t, verizon, realty income trading at a 52-week high. philip morris hasn't quite yet. i think you're safe with that. trading between 80 and 90 1/2 let's say. that could be a nice winner. >> feel like any of the stocks have a heavy value in rt dividends? >> you know, i guess if it's the melting ice cube kind of stock, the dividends getting your money back, that's okay. verizon would probably be the one that i would choose. i'm more interested in some of the mlp related kind of things that have gotten absolutely obliterated. and the yields are significantly higher this year. >> are you going to say southern? >> i was actually going to say philip morris. every time i look at them or altrea, i always think, why don't i own these. i've been in and out of altrea group over the years. but when i look at the long-term charts, they're so much smoother than at&t or verizon. you have to worry a

dom chu has the latest. >> john, the stock up 15% right now, and about 3 million shares worth of volumeto bring up up to speed on the context behind, this the stock did move on those bloomberg headlines, saying the company was getting ready to or rather a u.s. judge was going to accept a plea agreement that the they had put in place. just to bring some background on what that plea was, back in october, the company had entered a negotiation, and at least struck a deal with prosecutors and department of justice with regard to charges relating to the illegal importation of wood and false statements made -- alleged false statements made because of that. now this is, again, a settlement that they agreed to back in october of last year. that is now being accepted by a judge. the agreement does include in the original agreement four misdemeanor care -- misdemeanor charges for violations of the federal lacey act and a single felony charge for the entry of goods by means of false statement. so again, we'll bring in more details. for right now, though, it appears as though the lumber liquidators

i'm sara eisen along with dom chu sitting in for wilfred frost today. good to be here. >> among the storyings front and center for us right now, venezuela's oil minister is in tehran today meeting with officials from iran and iraq. crude oil prices giving back gains on reports that iran will not join a deal between saudi arabia, russia, and other producers to freeze output at january levels, but they have since turned around and are now marching higher. iran's opec envoy is calling a freeze, quote, illogical. we'll see if they can come to any agreement on this. what you're looking at is a 2% plus gain in wti, 3% on the brent crude. that's the international measure of oil prices. we'll see as these negotiations continue. potentially at least there are negotiations. and that marks a symbolic step towards some sort of agreement that oil prices are too low, too painful, down 70%. they've got to do something about it. >> oil has been very range bound, for sure, these days. >> and today stocks are following suit. yesterday is what art cashen called a trial se

can help your company grow at pnc.com/ideas ♪ >>> got a news alert on apple and let's get to the dom chun the newsroom. 13f files at the end of december. many hedge funds are trafficking in it. big names getting out of it, carl icahn reducing his stake by 7 million shares at the end of december of last year. also other notable names getting rid of it, at least cutting their positions, david ironion's green light capital reducing their position in apple shares as well and larry robbins over at glenview reversing their stakes, and getting and dissolving 300,000 shares. tech fund manager chase coleman over at tiger global took a new position of around 10.5 million shares. again, a very interesting piece of action here. two-way street for apple shares. a lot of people getting out and chase coleman making a big beth getting in. >> interesting, because all the guys were trimming shares of apple. not because apple stock has risen. simply because maybe they are cutting losses at this point. >> real importantly it wasn't working so they trimmed and the other point is for some of the guys looking

>>dom chu thank you so much. kevin o'leary, do you buy energy stocks here? >> yes. so i have been. my normal low occasion in a healthy market for energy was 20%. i'm about 10.5% now. the names -- just looking at some of the names we put on last week. exxon, schlumberger, conoco phillips. chevron. you know why? they're balance sheets. they're the best balance sheets in the industry. my theory, they will benefit from the consolidation that will occur as the smaller guys go out of business, their assets are acquired by the bigger guys. these guys have rock-solid balance sheets. this is how i'm entering back tippy toe. >> would you buy an energy stock that cut its dividend? >> no. >> you draw the line. we'll talk about dividends in greater context later. >> when you cut your dividend, you go down to hell for two years and live with the devil. that's what happens. >> joe? >> yeah, i do think you nibble on them here. i'm taking obviously a little bit more exposure, some of the high beta names. i believe the world was reminded over the last couple weeks the risk to reward on being short o

we'll see how it shakes out. >> all right, dom chu. great analysis there, buddy. let's get more into your market discussion with your next guest. steven reiss from jpmorgan and darrell kronk from wells fargo. steven, you heard dom's analysis. we could have three days of gains, which used to not be a big deal. this year, seems like kind of a big deal. oil has gone the other way. do you think that oil has finally stopped leading the equity market? >> i don't think oil volatility has ended. i don't think the overall volatility we're seeing in the market has ended. it is encouraging to see some stability. i think sentiment had gotten too negative across the board. people worried about a recession, the fed, about china. the list is long. i think what we see is a lot of decoupling between parts of the market where the fundamentals have been quite strong. looking at the more domestic sectors. those are leading the market on the downside this year. they're down about 8% to 9% despite delivering positive earnings growth. i think that's the opportunity to find these areas w

. >> let's get to dom chu for a market flash. >> what's interesting snooshs o'. >> he came out of nowhereover to the desk where you usually sit snochlt we are watching what is happening. shutter fly gained 7%. the digital photo website says it has received takeover interest in a private equity firm. they didn't name the party but reuter's is announcing it was thomas h. lee and partners. shutter fly did say it is not negotiating a deal and is focused on its 2016 results while trying to find a new ceo. shutter fly has a $1.5 billion market cap. it's down about 1% this year. it haas hasn't gone anywhere. guys maybe that's the reason why you have this private equity interest, this idea that you could have a company out there that has a business plan that's it's not executing as well as it is should be, and that's when the private equity guys step in there. >> did you say how much it's worth? >> $1.5 billion. in terms of market value. >> think about the competition compared to when they first started. think about how easy it is to stick a picture in your iphone and print it through apple. >> y

let's get over to dom chu. >> we have an agreement in princip principle between the hedge funds led byul singer's elliott management and some of the funds he manages along with other hedge funds and argentina for the settlement of that 15-year battle between them and the nation of argentina about defaulted bond payments in the past. daniel pollack who is presiding over the negotiations says there is an agreement in principle in place. it would be worth around $4.7 billion and would possibly allow argentine in to tap debt markets thereafter to fund some of these payments. if the settlement is consummated it would cover about 85% of claims in this dispute between hedge funds and the country of argentina. an interesting development here. again, an agreement in principle, not yet consummated, but it could end a 15-year battle between argentina and this group of hedge funds. back over to you, sara. >> thank you very much. >>> david, this has been a long-running saga. >> sure has. elliott has been the leader in going after them. a change in government recently seemed to open the window for n

. >>> let's bring in dom chu, getting miked up. >> let's talk about what is happening overall with theakers. they're one of the lagging industry groups overall so far today. shares of ford, gm, fiat, chrysler, down. in the fourth quarter wrap-up, credit suisse analysts say it is a quote/unquote poor time to own auto stocks as u.s. volumes have peaked. are we at peak autos? morgan stanley making calls on autos today, saying the domestic industry is exposed to risks of a cyclical downturn in major markets. ford, gm, chrysler, down double digits so far this year. it speaks more to the idea that are we at this level of peak autos and have we seen kind of like that downturn really move along? >> it also speaks to how late the analysts have been in recognizing that peak -- that automakers were held going into that period, and that they have been a terrible trade over the past year. >> right. and for everything that we have talked about last year, with regard to the record number or close to record number of auto sales and everything else, it hasn't translated -- >> and stock price. >> correc

let's bring in dom chu for a market flash. >> shares of amborella up by 5%. tracking for its strongest day in about two weeks. the video processing chipmaker is expected to report fourth quarter results this thursday after the closing bell. the earnings and sales have met or exceeded consensus analyst expectations in all past of its eight quarters leading up to now. the stock is down about 16% year to date and just highlights the idea that some of these growth stocks are a huge focus and they have been volatile to the downside. ambarella is one of those. we always talk about it because of its relation to -- this is a stock down 16% so far year to date and -- >> but it is up 16% in the past month. >> yes. >> so it had quite a reversion to the mean trade along with a lot of the other beaten down stocks. >> right. we talk about names, not the same industry as free port or chesapeake. some names beaten up the most have seen a bid over the past couple of weeks. it has a close relationship to go pro. everyone is watching about whether or not go pro can find a botto

straight to dom chu for that. >> just to bring you up to speed. pandora shares up about 5% now.y were as high as around 15% after the trading halt was lifted on the upside volatility side of things after the new york times reported that pandora may have held talks to possibly sell itself. also retain morgan stanley as an adviser to look for potential bidders. this, all, of course, a private matter and citing sources familiar with the matter, we should also note here pandora has been on a real market downtrend over the course of the past year plus. shares down by 35% to 40% during that time span. so, again, a big pop today, gave back a lot of that, right after the initial 15% gain. now only up by 4%. volume, i will point out, though, about 8.5 million shares have traded so far. the average volume over the past ten days or so about 7.5 million and, of course, guys, they report earnings after today's closing bell, so there may be a little bit of jockeying for position ahead of what could be a volatile earnings report as well. back over to you. >> dom, thank you very much. >>> eric,

dom chu joins us now with today's market checklist. dom, it's like you don't even want to acknowledge it because as soon as you start talking about it, then we start reversing. but it does look like we are out of correction territory. the dow is still a few points away. >> by like a quarter of a percent. maybe a half a percent. that's that level, that correction level that you were talking about. so as we kind of put the markets in focus here, three-day rally like you said. one of the strongest ones we've seen since the august turmoil lows and the bounce thereof after that. the s&p 500, you can see here, up by about 2.5% between january and now. in february, this part right here, you can see we're just about flat. maybe just a little negative for the month of february. that's how volatile it's been. again, to put it in perspective, we are now barely, barely off of that correction mark. we're not in correction territory, but all we got to do is fall by another half a percent, and we're back there again. whatever you think about correctio

tom chu joins dom chu joins us. >> reporter: any guess where the markets go if tech leadership doesn'tn fact try stieblize at least for some time here now. if you take a look so far in 2016 the reason it's a big deal technology is the single biggest sector. when it goes down a lot of weight is put on the town side. look at the s&p technology sector year-to-date already down 12%. over the course of the past year we've seen this gradual decline from the highs we saw back in just about december, early december here. you see that decline here still off 6%. if you take a look at some places where the most impact has been done, the most damage in the market value side of things, no surprise. apple is by far one of the worst out there. it's lost about $63 billion. through ten of trading last friday. so approximately $63 billion loss in market cap so far year-to-date. alphabet google the parent company down $44 billion in market value and microsoft as well, $43. these three companies represent the biggest market losses. if you total it up this is big. if you look just year-to-date you're talki

. >> thanks, dom, for that. dominic chu. donald trump winning by a land slide.oming in second, ted cruz a very close third. chief washington correspondent john harwood has more on that from d.c. good morning, john. >> good morning, carl. it put him on a solid path unless something upsets the apple cart. 45% of the vote by donald trump. marco rubio in a disstand second. ted cruz close behind as long as that vote is decided. the second place, third place finishers simply don't have a chance. he kmanlsd too broad a coalition within the republican party. let's take a look at the delicate math and see where he stands right now. that is way ahead of cruz and rubio who each have 17. john kasich with 17. b ben carson with four. huge delegate hall there. march 8th, that's where john kasich hopes to break through. and march 15th, that's when the snowball started to roll downhill if the candidate gets hot. the key tests are going to be on march 1st. ted cruz has got to beat donald trump if there's going to be an argument. on march 18, rubio has got to win in florida, his h

dom. >> great information. dominic chu at headquarters. >> let's kick it around. the closing bell exchange. joining us eric ristovan, peter kosta from empire executions is standing by at post 9 and rick santelli checks in from chicago. peter, we're just off the lows right now down over 200 points on the dow. the s&p at 1920 as i said earlier, you know, the laws of physics haven't been repealed. can't go up forever. what do you make of today's decline? >> today is all about oil. i think we're going to continue to see this in lock step. oil and s&p are going to perform like that probably until i'm going to say until you start getting into the election season. and i know that we're doing a lot with the caucuses and all of that and the primaries, but i think once there are candidates chosen for each party, i'm really thinking that that's the time you're going to see a divergence. that's when investors will start looking at, you know, platforms, what the future might hold for the country depending on who gets elected. i think that's when you are really going to see tha