hank smith with haverford trust. again, thanks for joining us, hank.good weekend. >>> and read more about his picks. you can head to our website at nbr.com. cong up, the federal minimum wage h set record for not rising, but it is not the case in some states. ♪ ♪ >>> here is what we've watching next week. don't forget it is 4th xt july week, but on monday members of opec meet to discuss whether to extendhe current oil production cuts. tuesday, some automakers report june ses figures. investors will be focusing on the pace of suv demand. on friday, government releases the always-important employment report, ts time for june. that's what we're watching for next week. >>> elsewhere, farmers apparently planted more corn than expected this spring despite heavy rains and flooding in the midwest. o we should poi all of the water kept farmers out of their fields for much of the planting season making official estimates difficult to put together, but the department of agriculture said while corn acreage was up,r soybeange came in below forecast to the lowest lev

joining us is hank smith from halver ford trust and good morning to both of you feeling any better at end of this week? it's not the end of the week, it's almost -- sort of like a thursday. >> look, we had this crazy flight to quality in bond rally. when you get rates this low it's supportive of the equity prices by definition. if you plotted the simplest trend line of pes against the ten year treasury yield we are 10% under value. nothing crazy but kind of enough to give a little cushion to the flat earnings environment. >> what are you doing then >> well, the interesting thing here is if you look at the last two pull backs, q4 and then may, one of the things that struck me is kind of the perpetual, you know, gambler's dilemma of looking for safety and value value underperformed in may, didn't do anything for you in the sell-off so you know we're looking at things that have more of a combination of quality and growth for better participation. >> like? >> like stocks that consistently grow their dividends. >> you want to name some >> the blue chips that can weather the storm. this is