mark luschini with janney montgomery scott. >> for all the talk about a market correction, there are some s&p 500 stocks that have fallen sharply from their 52 week highs and some have plunged into correction status. could some of those hard hit companies now be poised for a comeback? dominick has the story. >> it was shaping up to be the pull back in stocks that so many traders had been waiting for. geo political risk for flaring up all around the globe and stocks began selling off. that drop was short lived. for now, the index dips just 4% over the last couple weeks, and bargain hunters stepped in. >> comes out of this pullback, we think it's reflective of economic growth, it should be the best areas to be in, and that would be mostly energy, industrials and technology. >> many investors who are looking for bigger returns in the stock market often look toward the stocks that have been beaten up in training. the ones who have fallen the most out of their recent highs. more than 1/3 of them have fallen by 10% from their respective cases over the last few years. a level that many trad

joining us now on the phone is retail analyst david strasser of jenny, montgomery, -- jenny mungo murray scott. -- janney troubles you need to lowe's, or a sign of its core customer? >> i would argue it's a little bit of both. first, they have underperformed the industry for the better part of two years right now. q2 was a great quarter for the home improvement industry. a lot of that had to do with the great weather, a seasonal shift from q1 to q2. when you take the first half to gather, home depot was generally in-line and lowe's was below plan. get deeper into what has been a downturn into housing, i think it's going to be more impactful as we go through the year and we get through that spending related to last year's trend. >> i'm stunned by one statistics command that is, that home depot has been lowe's on sales growth for 30 consecutive quarters. that is hard to fathom. what is home depot doing right that lowe's cannot seem to figure out? this a lot inbout a lot of reports. the real estate they've added in the past seven to nine years since the last peak in 2005-06 underperformed. they open a lot o

they're also going to be talking about the chief income strategist at janney montgomery scott about whathe bond market is telling us, so don't miss any of that. straight ahead, here's the market all about the fed? jeff cox says yes and that something this morning proves it, and that's next. >>> and it's been a busy couple weeks for tobacco giant reynolds american. they were slapped with a $24 billion smoking death-related lawsuit. coming up, ceo susan cameron speaks exclusively for the first time since that court ruling came down. keep it right here. you don't want to miss it. you are watching cnbc, first in business worldwide. developers are all about speeds and feeds. it's all about latency. it's all about how fast does it run. i often sit with enterprises who ask me about how mission critical and how's the performance of the cloud. and i tell them, if you can make gamers happy, you can make anybody happy. speed is made with the ibm cloud. the ibm cloud is the cloud for business. in a we believe outshining the competition tomorrow quires challenging your business inside and out today.

facebook moving lower after janney montgomery scott downgraded it to a neutral from a buy, citing valuation5 will be a factor. facebook there off about 1.5%. then chicos slid after the retail operator reported weaker than expected profits as they went down about 4%. mobile eye continued its strong run since going public back in the beginning of this month. it makes cameras that are used to avoid auto accidents, so you think driverless cars. its trade up 8% on the day. and garmin losing ground after the gps maker had a neutral rating and a $59-per-share price target, shares down 5% on the day's trade. back to you guys. >> thanks, dom. ten minutes or thereabouts to go. right now the dow is holding on to a gain of seven points. the s&p 500 has a loss of a point. so, it's going to be another fight for that 2,000 level as we approach the last ten minutes or so. >> i know, art cashin did mention there were buy orders on a close here, so we'll see if that pushes it over the level. >>> coming up in the next hour of the show, two freshmen congressmen, a democrat and a republican, will weigh in on th