i would make this point about invidia. that is that they had a lot of tailwinds coming into this period, among which was that there might have been some price support for their chips among crypto money, one could argue based on how crypto behaved that maybe that won't continue to be a tailwind they are facing some increasing competition from amd and let's face it, this isn't an extremely cheap stock at these levels if you think the business could be cyclical so i certainly wouldn't short the stock, but a trade like this makes sense if you're betting against it. >> the stocks, they're perfect, they line up what you're looking for on the youdownturn two months with a potential name that can really move i mentioned crypto, amd reported they guided crypto sales of their chips down 50% from the first half to the second vaf f you were to see that in the stock like invidia, trading at ten time sales, next year sales, expected sales and 30 times earnings which are both supposed to accelerate in 2019, second half of the year is whe

last week, gotten an obvious one i talked about endlessly, nonetheless excruciating invidia, makes the chips for graphics and data center and artificial intelligence i was telling everyone you had to expect a steep drop-off from chips used to mine cryptolike invidia. you couldn't tell what it was using the chips for and it had a steep decline. it doesn't take a genius to tell the intheria market practically vanished and there might be a pause in the market as new more powerful chips are introduced. despite this not just known and talked about obvious, the stock gotten a ni lated and ended up down 12 points and dead as a doornail since then the stock, what's it done it's rebounded 22 points, as in nvidia showed off its new chips much faster, much cooler go back to the tape. that's precisely what the ceo jensen told us to expect as he came on the show hit an all time high today before reversing into the bell you had to buy the shares of this amazing company envied by nearly everyone in silicon valley right into the teeth of the decline and buy them when andrew left and popped up in a bun

charles: what about some of these names that keep amazon up almost every day, invidia was up big, thenmber, that stock is going to go significantly higher. we know some of that's passive investing. billions and billions of dollars chasing the same names, that makes some people worried. but is there a place in your portfolio for some of our viewers to also be there? >> absolutely. and i think if you pick your spots in the fang stocks, you know, get rid of netflix, pick ones that are making good money and have some margin -- apple's doing very well, google's doing well, amazon's doing well, underweight the other ones. but look at retail the. retail was up across the board. macy's is up 60% this year, and is you still get above a 4% yield, a 4.5% yield. the comparison i like to make is, you know, tesla's been the sexy stock on the market, yet it doesn't make money, isn't making his production goal, and we all know the problems with elon musk. but if you look at ford, ford just made ten million mustangs since 1954 -- or 1964. and if you look at that, they not only know how to make a car, b

bullish sure, this evening we got disappointing forecast from applied materials and at last, pore invidia, something we have been flagging could be the case on this show if we hear the chinese may give in and this move may last longer than the bears think, especially if we get a few more good days of wang! preston in new york, preston >> caller: hi, jim earlier this week you spoke about new auto sales being down and millennials prefer ride sharing and you throw in certainty what are your thoughts on siriusxm siri and do you think it can hold its ground with apple streaming spotify and potentially amazon in the same space? >> all those are a problem i've been a stalwart on this stock now and increased almost to triple. i've done that because like the team tells us, team zora, i'm not backing away, this is still a good subscription play and does work on used cars and used cars are in vogue. to jim in virginia >> caller: hello, jim, how about shares in canada goose, i bought, but it has dropped since then and they announced a secondary shareoff and recovered a little bit and dropped again wi

and look at invidia straight up for some time.port after the bell today as you walk up to that, it is up a little bit more. 259 on invidia j.c. penney not a great forecast down it goes. 24% lower. it is a buck 81 reminds me of sears. >> we usually play oregon music it is down this morning. kroger in china, but they're closing stores in raleigh maybe elsewhere -- >> they look at the market but felt they were overcatch rated and couldn't get foothold. moving on. >> are they closing stores in america but expanding over there? >> absolutely constantly pruning in this business plus you have gotten european shopping centers moved into east coast but i think key thing with kroger story is here's the shot across -- in terms of the whole foods amazon hookup. now they're hooking up, of course, with alibaba which is a major competitor so i think it is a very savvy way to say hey we too have a -- online giant who is going to hook up with us. >> not just a grocery store but innovative company. they're out there. on the edge good stuff. kroger

invidia had expected $100 million in sales of chips to currency miners in the fiscal second quarter and8 million. talking about the likes of nvidia, let's look at japan. we're heading toward the one-hour lunch break, which is just upon us. we see what nvidia has been saying here. what about the likes of some of hese japanese chip makers? >> they are nudging lower on the back of those disappointing forecasts from nvidia, as well as applied materials. bloomberg intelligence saying this could be an inflexion point for semiconductor players. earnings growth has been growing but when it comes to some of the ratios, some of the valuations, the multiples, they're not looking as strong. we have screen holdings in that space in japan. up early 23450%. also i want to highlight what's going on with sony rising. this is a company that says to date it has sold three million playstation v.r. systems worldwide. also in the wake of china's freeze on game licenses, goldman sachs said that sony as well as nintendo remain biased given their low-profit exposure to china. and panasonic gaining ground after

not down more than 4 points on the s&p is generally big tech is holding up fairly well, d micro, invidia, facebook. the story again, not washington, but china and the tariffs. guys, back to you. >> thank you very much, bob pisani from the floor of the stock exchange is the president right if there were to be an impeachment, would stocks sink or is this a tech long stock market ryan dietrich is the senior market strategist and brent is the strategist with wealth management there is an idea that the markets are -- are teflon, there is nothing that can take them down is that the case and is the data historically there to support it >> first off, thank you for having me back should that news come out from the president, there could be some downside volatility that's what we don't know. what do we know? the s&p is right at the january peak, right? we have been up four months in a row on the s&p 500, entering the season of september and october during a midterm year. a pullback could be very likely. what do we also know the s&p is higher april, may, june, july and potentially could be higher i