sold a share of ibm. what you pay for a stock doesn't mean anything. what means something is where the company is going to be in five or ten years. and i think charlie is neutral. i think that ibm will be worth more money. >> all right. what was most interesting, i thought, guys, when he said, doesn't think it's wrong to still own it. could be a mistake. could be a mistake. the stock down 25% from its recent highs. kevin, what do you do with ibm? >> what i've learned as an investor over decades and decades, sometimes you get it wrong, no matter who you are. and warren buffett is the greatest vester in my lifetime. i always say that, because it's true. but all of us make mistakes. i would think it's time to take that position out behind the barn and shoot it. it's over. it just is. it missed the internet, missed so much of the way business has changed. it's an old company, it's dino tech, all the negatives against it. from an emotional point of view, when you lose investors, 25% of the value, many have aba

they start to move workloads to the ibm cloud, obviously that is revenue for ibm. marketus open up and what clients can do on the cloud. that helps both vmware and ibm as it gives them choice and the ability to consistently and seamlessly move workloads. we think this will help our clients accelerate their notion of the hybrid cloud. >> it is still early innings, but some also say that you are a distant force when it comes to amazon, microsoft and google in the race for the cloud. how do you change that? we don't look at it as a race for size but a race for value. we're focused on the enterprise to help on the clients taking advantage of a heightened cloud. of then take advantage cost advantages and the capability advantages but also connected back to their own private clouds and connected back to the data centers. most of the data and applications are running. we say to clients, take advantage and build a hybrid application. our differentiation is different. you think about our wanton cognitive services on the ibm cloud, the ability to take the data and analyze al

i don't think it's the case with ibm. but i could be wrong. >> all right.e talked about this a couple times this morning, guys. but john, i'll start with you. is he looking past some of the shorter-term concerns for this company, because he is so long-term focused? i'm not sure he's wrong and i know that's weird to say, given how much -- ibm takes, including on this program, their services modeled turned out to be a bad long-term bet as they have run into cloud. a number of issues, software, their core, their profit center, is losing momentum. but it's not as if this is completely unfixable. it's not clear to me whether they are going to be able to fix it. but if they are, then, yes, the stock could rebound and surprise everybody. >> if ibm goes up it will be because warren buffett is lucky, not because he understands the company. when he talks about watson, it's pretty clear he doesn't actually know what watson is. he says, oh, watson is learning with geico. i mean, it was a bit like listening to my mother explain watson and ibm, right? so i don't think he

can the bleed-off part of ibm defeat the new part of ibm -- >> or can the new part grow fast enough tout-pace the slow, slower and slowing part? >> 628 to 632. i kept waiting for him to say i have great hopes for the cognitive portion. i have great homes for the strategy to make sure the faster growing stuff, the cloud, okay? that he would endorse that strategy. there's a component about ibm which is buying back stocks which is to please this man. i was hoping he could make a judgment about that transformation -- they keep emphasizing, i'm not emphasizing, they every time you speak to them are emphasizing it. i thought he would weigh in on the thing they keep talking about. he was oddly distant from that. when he talked about watson, he was talking about i don't know if they should pay us, if we should pay them. watson is metaphorical. watson is about the new ibm. none of that came up. maybe because that's too granular for warren buffett, or maybe that's what they're talking about right now and he's thinking longer term about a company that's not the company. i don't mean to be critica

how many are currently ibm cloud services? over a million developers on that cloud today. of swiftadd the number programmers, they all have and they capabilities can get access to all of our wants and cloud services and we are starting to see unique applications built by new startups. i started it with the clients. they kick it off and one client who is a startup using cognitive services to provide new and unique insight and analytics into the way traders trade. we are seeing a lot of people come from different areas coming , so you have to think about developers coming from all of these sides all utilizing the cloud. platform rather than just a destination. emily: robert leblanc, big announcement for you guys out of las vegas today. thank you for joining us. scarlet: thank you so much. emily chang with robert leblanc. alix: coming up, barney's new york makes a manhattan homecoming. the s&p 500 markets worst ever start in january. alix: an yahoo! is approaching potential buyers for its core business again. we will tell you who

billion loss on ibm since the end of 2015.g in fast money trader jon najarian and robert miles. welcome to you both on "power lunch." i'll start off with you, dr. j. you're a quick trader. maybe not the long-term time horizon that warren buffett has, but you say he should get rid of these losses. >> yeah, mel. when you're an investor, of course, you can do what warren buffett's done, which is fabulous. his numbers are without question some of the best ever in our industry. however, when you shorten this time frame up, like you just said that i do, and you become a trade, you can't eat like a bird and take huge losses. that's just something that can't be part of the playbook. so if he had cut the losses, in general motors, in ibm, in american express, these are three of his biggest losers, if you had cut those losses, look at what the performance would be. so all i'm saying is that he should really take a harder look at those companies and i know he still believes in both management and the brands of those companies, but it see

ibm's put money into it. be a very big payoff. >> adrew. >> thank you for that. . warren. we'll get back to warn buffett, if you went to bed early, we'll tell you everything you need to know about last night's oscars in 60 seconds, as we head to break, a quick check of what's happening in european markets right now. we're back in just a moment. and i'd like to... cut. so i'm gonna take this opportunity to direct. thank you, we'll call you. evening, film noir, smoke, atmosphere... bob... you're a young farmhand and e*trade is your cow. milk it. e*trade is all about seizing opportunity. the access informationlows us to from anywhere. the microsoft cloud allows us to scale up. microsoft cloud changes our world dramatically. it wasn't too long ago it would take two weeks to sequence and analyze a genome. now, we can do a hundred per day. with the microsoft cloud we don't have to build server rooms. we have instant scale. the microsoft cloud is helping us to re-build and re-interpret our business. this cloud helps

ibm having a big analyst day, february 25th. i think they'll probably release more info at that point and hopefully they are betting their thesis will be bet out and the share price will move up. they had declining revenue for years and they have to stabilize that and then you'll get real believers. let me show you walmart, which did not have a great year last year either. it's down today and they did have their earnings report. the bottom line, they lowered the sales forecast for the year. there are a couple of issues, they get a strong dollar, 30% of their sales outside of the united states, including china, 11% of their sales. what the street is really worried about, up 0.6%, that's a real disappointmendisappointmend food deflation, reduced their sales. if that's true, it's good news for consumer, lower prices can't be bad but bottom line, it's a real disappointment they can't get comparable store sales up. we were talking in the prior hour about the impact from amazon. but the bottom line here, that stock also had a very tou

ibm, not so sure. >> on ibm though, you have to believe in that turnaround and have to believe in theransition, and they have the pieces there. are i mean, if they can actually monetize watson, that's going to be the future of the company. they are involved in a lot of the company. they are very involved in block change which will be the next new technology so if you're warren buffett and have a 50-year time horizon, ibm may not be that bad. >> sold to everybody. >> that's what i thought you would say. >> we've been saying it now for a couple of years and here you are at 130 or 2 or whatever it is. people say it's cheap on valuation, but i believe watson might be great and they might figure out the block chain thing but those are years away. meantime, there's no growth there. >> now to today's -- one of today's big movers, signet jewellers had a rally that set off a flurry of rally activity buying kay and jared. hi, mike. >> saw more than 15 times the average call volume in signet today and one of the big trades that caused all the volume, likely a stock recovery play by one of the la

i think ibm's been left for dead. i think other people have taken their crown over, not the least of which has been microsoft. >> ibm, the explicit comparisons of microsoft, the cloud, the big data, et cetera, about the same growth rates as microsoft. ibm doesn't get respect. should it? >> the long term is probably 20 points lower. it almost got there. you know, to me, i actually think you could fade the stock at 140 bucks. i think you're probably going to see a move back there. it will be an ugly year for these guys. consensus earnings estimates is calling for down 10% this year. it probably gets there. they have a lot of dollar exposure, a lot of competition in the cloud, in the revenues. i don't think there's anything that constructive. if you're averaging in and have a long-term time raising, somebody's going to pick ibm at some sort. >> tesoro is one that was a loved defensive name for the oil sector players. it had to be there. for the ones that actually have not rallied here, i also is a sign of strength. faceb

[laughter] ibm, whoa, look at this. ibm is a winner. it's up, i think, 5%? yep, 5%. upgrade, morgan stanley. that's it? >> that's all they needed to come off the low footing that they were on, stuart. stuart: that's for sure, it's been a low footing. all right, thanks, everybody. great stuff at the opening bell this morning. >>> all right, pope francis at the border with mexico sending a message to migrants, he says they are the victims of tragedy, that the world is facing a humanitarian crisis. troubling news for hillary clinton, the latest polls indicate she would lose to every republican candidate except one, trump. more "varney" in a moment. ♪ ♪ stuart: we've gone negative. yep, only just, but we are negative. what's that, down, what, three points i think it is, four points. basically flat. give me that, will you? >> we'll give you that. jinxed it. [laughter] stuart: sales of the chip maker, invidia, that is the leading stock on the s&p 500, it is up almost 11%. all right, moving on. pope francis was at the u.s./mexico border sending a message to my grants. made

except maybe for ibm. ibm added 47.2 the dow. the idea that whatever kind of support we did was just buy one company. walmart selling off, so there were interesting stories on the individual level. alix: i did want to point out where we came from in just one week. we saw that low and the huge , nonetheless seen climbing higher. it was such a stark reversal from just seven days ago. really an unbelievable comeback. joe: one interesting thing is despite the egg rally we have seen since thursday, still not much signs of life in the interest rate market. hitting their lowest since february 11. not seeing much of a bounce back in yields. alix: which is interesting. another interesting thing on the currency front -- the british pound seeing a lot of volatility. what's going to happen with the summit and what's going to happen with the referendum. you can see volatility surging to its highest level, so we will be talking about that shortly. alix: commodities across the board, oil and gold -- oil finish little higher despite the inventor

ibm upgraded to overweight. the transformation she says is not priced in. >> she moved from the price target from 135 to 140. i don't know that there's a lot of conviction behind this call. she's talking about a lot of the old businesses. >> i'm going to stop here one second. you have to have some level of conviction period to even make this call. >> sure. >> don't you? >> to make this call at these levels some conviction but do you feel really comfortable the fact that she moved that price target from 135 to 140 based on where the stock is now? it doesn't give you a whole lot of upside scott. she is saying the transformation is in place. the data, cloud, moving in that direction. there's something to hang your hat on but i think that the problem is they're still lagging behind microsoft and the gains that they're making and aws and some of the other names in the space in terms of cloud. that's bait of a problem. it's going to be a head wind. i still think for ibm going forward. >> to their defense and it's not

no-no universe should ibm be getting a higher price-to-earnings pull than apple. let's not forget about the iphone 7 that the ceo of verizon, the ceo of t-mobile told me they are so excited about. how about the incredible gains apple could have if the dollar has peaked? listen to its conference call. other than ibm, no company i follow has been this hurt by the super strong greenback. if ibm can rally big, what would happen if one of these newfound bears on apple changes his mind. value is making a comeback. there's finally some urgency here with stocks that have been caveated with, yeah, cheap but so what? well, now being replaced by yeah, cheap, so get it before it's hot. that's what may be happening in this market that suddenly craves exactly what it hated just a few short weeks ago. stick with cramer. >>> i like to say there's always a bull market somewhere and i promise to try to find it for you on "mad money." i'm jim cramer. see you tomorrow! (man) this is the shark tank, where hopeful entrepreneurs come seeking an investment from the sharks, five powerful,

. >>> tyler, declines in walmart were offset by big gains in shares of ibm. the stock rising 5% on an analyst upgrade. and a multi-billion dollar acquisition are morgan stanley raised its rating on the stock to overweight from equal weight saying the company's transition to a cloud-based business was underappreciated. and as part of that transition, ibm is acquiring truvan health analytics for over $2.5 billion, its fourth major health data-related deal this past year. >>> the gains in ibm were not enough to lift the major indexes today. they flip-flopped around the unchanged mark all day. by close that three-day win streak was a thing of the past. energy, financials, led to declines today. the dow jones industrial average off 40. 16,413 was the close there. nasdaq lost 46 points. 4487 was the finish. that's more than 1%. s&p fell 9 points. as for oil, the commodity gave up most of its gains on a rise in invep tors in the u.s. and after an official from saudi arabia was reported as saying his country was not prepared to cut production. domestic crude settled

no-no universe should ibm be getting a higher apple. let's not forget about the iphone 7 that the ceo of verizon, the ceo of t-mobile told me they are so excited about. apple could have if the dollar listen to its conference call. other than ibm, no company i follow has been this hurt by the super strong greenback. if ibm can rally big, what would happen if one of these newfound bears on apple changes his mind. value is making a comeback. there's finally some urgency here with stocks that have been caveated with, yeah, cheap but so what? well, now being replaced by yeah, cheap, so get it before it's hot. that's what may be happening in this market that suddenly craves exactly what it hated just a few short weeks ago. stick with cramer. my son and i used to watch the red carpet shows on tv now, i'm walking them. life is unpredictable one thing i need to be predictable is to be flake free. because i have used head and shoulders for 20 years. used regularly, it removes up to 100% of flakes keeping you protected every week, every month, eve

really quickly, on ibm, let's not let him get away with one of the worst performers, ibm. the year where at least it was proven that this was a smart investment for him? you know, he really wasn't willing to throw in the towel. he is defended it in the past and said the jury is out. said he is not throwing in the towel, he likes the cash the business generates and thinks that over the long haul the stock price will rise. lightingks like he is up on bonds. what is the significance of that? noah: that is a long-term trend at berkshire. it's not the place he wants to put berkshire's money. he saw that continue last year. interestingly he has been borrowing to do his acquisitions . he said he plans to issue about $10 billion in bonds to fund his purchase of precision castparts, the manufacturer that he bought earlier this year in one of his biggest deals. matt: sometimes you like to sell when you don't really like to buy. that's how the market works. thank you, noah. still ahead, economic woes in china are bleeding into the asian art market. that is next. ♪ you know by now, ec

he distinguished himself and went from ibm to intel and was hired by apple.arol: i feel apple chooses to let us know what they want us to know. this is a guy who was out of the spotlight. why are they putting him out there? he took you on a tour of some of the more secretive facilities. why are they doing that now? adam: like all things with apple, this is strategic. we are at a period with apple, where the stock is being battered, it is down about a quarter over the past year. you have seen a lot of questions about whether the smartphone market is saturating. this is an area where they think it differentiates them from competitors and it is a way to tell a different story about the company, what makes their products different and how they will be differentiated into the future. usually, apple will do some press around a new iphone release, do interviews with some of the different executives. this is a more technical part of the business a lot of people do not know about or understand. carol: he spent time with him. what was he like in terms of how he interac

he distinguished himself and went from ibm to intel and was hired by apple. i feel apple chooses to let us know what they want us to know. out of theuy who was spotlight. why are they putting him out there? he took you on a tour of some of the more secretive facilities. why are they doing that now? adam: like all things with apple, this is strategic. we are at a period with apple, where the stock is being battered, it is down about a quarter over the past year. you have seen a lot of questions about whether the smartphone market is saturating. this is an area where they think it differentiates them from competitors and it is a way to tell a different story about the company, what makes their products different and how they will be differentiated into the future. usually, apple will do some press around a new iphone release, do interviews with some of the different executives. this is a more technical part of the business a lot of people do not know about or understand. with him.spent time what was he like in terms of how he interacted with others? secretive h

ibm, the third biggest s&p gainer, 4% move on a large day.for $2.6 billion. >> a big deal. they want to own that market. you know, ibm is not as bad as people think. how by put it like that? they're not as bad as people think. >> okay. >> damning with feign praise. >> but it may be deserved. >> the deal from late yesterday, micro selling out. >> thank you. >> to a chinese company, hna, by the way, founded in '93, 1993, they have about 90 billion in assets across the globe. 29 billion in sales in 2015, they recently bought an ireland aircraft leasing company for $7.6 billion. a bought a stake in red lines hotels. they have a chance to buy ingram micro, technology for $38, 12 times forward earnings. 6.7, which is not -- it's a price that at least the analysts who i've read this morning who think it's reasonable, jim. but there are questions, as there always are with chinese acquisitions about these so-called review. interestingly, despite a lot of language in their merger agreement, around siffius, they say they don't currently plan to file for

agencies are trying to get out of managing their own data centers. they're giving them off to the ibm's, the amazons, the microsofts. >>> the president makes federal i.t. a top priority. >>> i think modernization is really a matter of safeguarding the systems and it's really freaking out the federal government to be honest. >>> to minimize that fear, the budget spends more on cyber security, research and development and personnel. it would also give federal workers their biggest raise in years. >>> congress doesn't really have to approve a raise. all they have to do is not block the raise that president obama has proposed. >>> this week, a deep dive into the budget proposal. "government matters" starts right now. >>> from abc 7 and newschannel8, this is "government matters." >>> to our viewers around the world and here in our nation's capital, thank you for joining us. government is the engine that runs this city, that's why "government matters." every week, we bring you the top headlines in tech, security and management. morris is off this week. i'm your host mike carter-conneen. presi

transformation ibm has undertaken.johnson and also on the rise. with the three-day winning streak and now that the pickup -- a hiccup, we still have a negative returns across the board. again, the nasdaq is the laggard in terms of averages. a couple other things to point out. oil prices fell sharply after we got the inventories report. it looks like they turned negative once again. finally, the dollar as well. little of a a return to the safety trade, the dollar benefiting a little bit today versus a basket of currencies, not much change. >> the correlation between oil and stocks. thank you so much. of this year,ng investors are shoring the stocks right and left. the same stocks that were shorted are surging right now. since friday, the stuff have rally 10% for the over our -- overall market. will let you take it from here. you have been looking at what has been going on in shorting. >> gets -- yes, a lot. used to have the means and the motive to find your culprit. reading points to shorts. you have the means getting a

i know ibm has other streams of revenue software. >> ibm had an acquisition.are data, i had no idea it was such a high area. trying to incorporate that for watson to have a larger data set to continue to make -- take conclusions from. >> that's what martin schroeder has been saying. when we get critical mass on these -- on the higher growth areas, cloud, analytics will be good. watson, i've seen watson at work on healthcare, being able to analyze disease in a quick fashion. david, when you played watson on jeopardy, he was not nearly as smart. >> no, watson has gotten a lot smarter. >> watson -- bob dillon even -- >> watson keeps getting smarter, until it gains consciousness and then takes over. then it's the matrix. >> how did he do in the a.c.t.? 36? >> i think. >> got into every school, watson. >> watson is doing fine. can go through 6 million pages a second. >> to see watson at work. it is remarkable. ibm does have a good analytics business. becky quick asks warren buffett about ibm, you do not want to be shorted ahead. i think he will show great confidenc

ibm's watson unit announcing a health care analytics firm for $2.6 billion. >> plenty more on apple'sight against the federal government. a former executive at apple will join us with his take plus the head of espn leaving the door open at the mobile conference. we'll take you there live and shares of marriott are down after revenue misses estimates. the ceo will join us in a cnbc exclusive in just a few minutes. >>> back to apple's high stakes fight against the fbi and court order to unlock a phone used by the san bernardino gunmen. they're arguing it could set a dangerous industry wide precedent. when does customer and data privacy trump safety? joining us is tech veteran and former vice president at apple. now president and ceo at 3-vr. thank you for joining us, al. >> hi, how are you doing? >> do you see this the way that tim cook does? and what do you think is the best solution here? >> i read tim's letter and tim is a very smart guy and i absolutely believe every word he put in that letter and agree with a lot of it. i think though it's really questions we're being posed with an

as a result, s&p recommends investors buy cisco, ibm, and intel. for "nightly business report," i'm josh lipton in san francisco. >>> from old tech to new, twitter which wants to attract more users didn't. the social media company's average monthly active users stalled in the fourth quarter, disappointing those who were looking for fresh signs of growth. twitter earned 16 cents a share and that was better than expected. revenue just about in line, $7 10 million. it was up strongly from a year ago. the stock was volatile after hours initially falling sharply only to rebound soon after. julia boorstin has more now on twitter's results. >> reporter: twitter's quarterly report disappointing investors and sending the stock plummeting because of one key fact. its users numbers actually declined from the third to fourth quarter which ended with 305 million monthly active users. the number excludes its sms fast followers which use the service on more old-fashioned feature phones. though the company met revenue expectations and beat earnings projections, it

there have been so many questions about ibm. mark cuban, i said what is the future of ibm, and he said watson had better work. if you see the acquisitions, there have been a lot, and many are saying show me the money. david: i remember the weather company. stephanie: there you go. we will clearly cover this throughout the hour. big headline out of ibm ceo jimmy romilly. back to you, matt. matt: not a problem. take a look at oil. still a very strong correlation. 3.5%. we saw the market rise up yesterday. in the morning, we did not see the strong markets. let's go to vonnie quinn for your bloomberg first word news. vonnie: matt, thank you so much. u.s. and cuba -- president obama will travel to havana last next month. they agreed to normalize relations. cuba is still criticized for human rights abuses. meanwhile, congress has lifted the trade embargo. a donald trump has a big lead heading into saturday's republican presidential primary in south carolina. trump aerg poll gives 19 point lead over ted cruz. rubio has been endorsed by

but even warren buffet makes some mistakes from american express to ibm. at least right now those stocks have been under pressure. john and pete combing through the portfolio for the stocks they think he should drop. it's a brother versus brother debate and it's coming up next. as we head to break a look at some of the names hitting all time highs. church and dwight, campbell soup, kimmer by clark, reynolds american. we're back right after this. ♪ every insurance policy has a number. but not every insurance company understands the life behind it. for those who've served and the families who supported them, we offer our best service in return. usaa. we know what it means to serve. get an insurance quote and see why 92% of our members plan to stay for life. >>> we are back and if you have been having a tough go of it in the market this year at least you have some well-known company including that of the world's most famous investor. a look at warren buffet's berkshire hathaway holdings show big declines in names like american express, ibm and others which is

a lot less than ibm has in its watson division.is famous for doing good technology very quickly. relatively few resources compared to traditional tech companies. they got fields of computers. corey: coming up, hollywood animated blockbusters coming to the world of virtual reality. i will be joined by the director of the madagascar films. he has started a virtual reality studio. .loomberg is on the radio more from bloomberg west after this. ♪ >> i am cory johnson. record find out more about the japanese company sharp in a few hours. they are talking about competing rescue plans. peter is in tokyo. are we going to get something soon? >> that is what we are hearing. meeting started early .n tokyo if decision-making is quick, we could get it soon. you think we will get something today. cory: what are they deciding this on? >> rewrote a story based on saying in the company the directors are focused on the business liability of the two plans. that sounds pretty straightforward that at one time observers thought that foxconn would not be

a lot less than ibm has in its watson division.is famous for doing good technology very quickly. with relatively few resources compared to traditional tech companies. they got fields of computers. corey: coming up, hollywood animated blockbusters coming to the world of virtual reality. i will be joined by the director of the madagascar films. he has started a virtual reality studio. bloomberg is on the radio. more from bloomberg west after this. ♪ reporter: ivan update top stories. foxconn is going to buy a sharp. to billion dollars. the bid was up against japanese government-backed inc. j. the government still has high hopes for sharp's future growth. decision ultimately laid with sharp. galaxy entertainment fell less than expected. galaxy posted earnings of $322 million. down 7% from a year earlier. the company's broadway project help boost sales. billions inends france. is expecting to invest in paris. he plans to announce a major deal. speaking of football, fee for -- but reducends their suspensions from eight to six years. del

that doesn't seem like the exact same. >> ibm, this is often brought up citing companies like ibm oracy's or pick your example. if only they had invested this more in the business. >> right. >> instead of focusing on financial engineering they would have had a better result. >> ding, ding, ding. >> i hear that except it's not a fair choice. you're not going to ibm saying what would you have otherwise done with the billions of dollars of borrowed cash? would you just have thrown money at the r&d guys and said come up with something brilliant? there isn't something necessarily for very old mature companies to do with the cash that their businesses are throwing off right now. that's one of the lessons, one of the frustrations, really. >> home depot is an example of somebody who says, hey, we have our mojo back, we're buying a bunch of companies. thanks, mike. >> see you shortly. be sure to check out cnbc.com/pro for more on that. home builders saying this morning it expects a steady upward trend in the housing market. joining us now is douglas yearly, chief executive officer at toll. we

ibm one to focus on today. story of the morning, of course, apple ceo tim cook says complying with a court order to help the fbi break into an iphone belonging to one of the san bernardino shooters would be, in his words, quote, bad for america. >> we have no more information about this phone. the only way to get information, at least currently the only way we know, would be to write a piece of software that we view as sort of the software equivalent of cancer. we think it's bad news to write. we would never write it. we have never written it. and that is what is at stake here. >> apple has until tomorrow to respond to the court order, which it says it intends to fight. "the new york times" reports apple is working on an iphone that even the tech giant itself can't hack. engineers are said to be developing new security measu s measures. that story certainly continues to garner a lot of attention. >> and play out in the court of public opinion, which clearly tim cook was responding to in speaking out and really

and you saw this across the major averages as well, stocks that had been beaten down last year, think ibm, which saw its biggest move up yesterday since 2011, are getting bought. that suggests there's action with value investors coming in, looking for bargains. it's not universal. it's not happening for all the losers. >> walmart a big laggard last year. didn't get any help with its earnings report. >> disappointing outlook there. so it is stock specific. the earnings stories are increasingly starting to matter. but there's also a hunt for value. the dumpster stocks are leading the way. we don't know if it's going to be broad enough, but it's worth watching. caterpillar had a good week. that was another beaten down stock. the best performer in the s&p so far this week is kinder morgan. >> and we get deere earnings today. it's going to be an indicator of that global macro economy. speaking of the macro side of things, while you were sleeping, here's what happened in asian markets overnight. if you look at china's central bank, they fixed a slightly softer midpoint for the yuan. in japan, t

disney a huge laggard on the index as well as ibm.q has been leading the gains, still holding onto those. abigail: stocks still remain higher at the nasdaq. stayed a bit as apple turned lower. qualcomm.ging one of the best performers is a tale of two cities. taking a look at the laggard solar cities. solar panel installations dropped, missing estimates. guidance has disappointed investors. analysts seemed to disagree in a big way. we have morgan stanley with an overweight rating and a price of $104. and a sell rating with a seven dollar price target from axiom. it will be interesting to see what comes on a big bearish gap down as buyers seem to have all that disappeared. , shares soaring today after fourth-quarter revenues beat estimates. a $1ompany announced billion stock buyback and unveiled the reorganization of the companies two units. the streets mainly constructed here, analysts upgraded to a buy. a slight discount, but betty, the stock is down sharply. more than 35%. strong selling pressure to overcome for the long haul. two ke