pull out of bonds, and pile into stocks, we talk stocks for the long-run with wharton professor jeremy siegel. >> tom: that and more tonight on "n.b.r."! >> susie: marissa meyer is smiling tonight. yahoo's new c.e.o. delivered strong earnings after the market close, and shares of the web portal surged more than 5%. those results come at a crucial time for meyer who took the top job just six months ago, and wanted to prove to investors she is reviving yahoo. the company posted fourth quarter earnings of $0.32 a share, a nickel more than expected. revenues, came in at $1.2 billion, barely above analyst estimates. >> susie: that news could set the tone for trading tomorrow, but on wall street today, stocks struggled. the dow fell 14 points, the nasdaq rose four-and-a-half, the s&p 500 lost almost three points, breaking an eight- session winning streak. >> tom: tonight's "word on the street" is yahoo. nicole urken is a research associate at thestreet.com. she joins us from new york tonight. nicole, let's focus first on the core business, the underlying advertising business. interesting die cot me

pull out of bonds, and pile into stocks, we talk stocks for the long-run with wharton professor jeremy siegel. >> tom: that and more tonight on "n.b.r."! >> susie: marissa meyer is smiling tonight. yahoo's new c.e.o. delivered strong earnings after the market close, and shares of the web portal surged more than 5%. those results come at a crucial time for meyer who took the top job just six months ago, and wanted to prove to investors she is reviving yahoo. the company posted fourth quarter earnings of $0.32 a share, a nickel more than expected. revenues, came in at $1.2 billion, barely above analyst estimates. >> susie: that news could set the tone for trading tomorrow, but on wall street today, stocks struggled. the dow fell 14 points, the nasdaq rose four-and-a-half, the s&p 500 lost almost three points, breaking an eight- session winning streak. >> tom: tonight's "word on the street" is yahoo. nicole urken is a research associate at thestreet.com. she joins us from new york tonight. nicole let's focus first on the core business the underlying advertising business. interesting die cot me h

we spoke with jeremy siegel, finance professor at the wharton school of the university of pennsylvania. i started by asking him if the stock market is still safe for small investors. >> oh, yes, i think so. certainly in the last 10, 12 years we've had two very severe bear markets. and the worst financial crisis in 75 years that hit us in 2008. but i think that 2013 is going to mark the recovery of a much faster pace of economic growth than we've had over the last four years. >> one of the places we've seen momentum build in the market is with high frequency trading. and trading in nanoseconds. and we saw the effects of that with a flash crash, for instance, and rules put if place after that. so instead of whether or not the market is safe, is the stock market fair to small investors? >> we should focus on is there value there for long-term investors. there's always going to be some short term volatility in the market. and clearly it's a different game. if you are a day trader, but i hope that most of the people listening to our program are thinking of trying to buy something long-term

if jeremy siegel is right, the dow will blow past that level. the s&p 500 just 4% of the all-time high. joining us in just a few minutes with stocks. and why it is not too late for investors to get it right now in what could be a big rally, and look at this, caterpillar one of the best reporters on the dow. fourth-quarter earnings coming in ahead of street estimates. it expects growth to pick up in the second half of 2013. good news from them. in terms of what is not working, look no further than home builders. all of these names substantially low. that stock had a big 2012, lots of room to fall in a little bit of pressure. what is happening here. pending home sales with the index of contracts signed back in december fell, some more than 4%. economists have been looking for no change, but you have an inventory in the housing market. high flyers like netflix down almost 4% as you can see. research in motion down almost 7%, not going to try and make a run at the blackberry maker and amazon down as you can see. the market is kind of mixed. the trad

last but not least, market master jeremy siegel.headlines this morning, it is busy for economic numbers. we're going to get the weekly jobless claims numbers that have been so significant from the labor department. we'll get that in about two hours. but you saw in the last couple of weeks, it's one of the reasons that we are all getting so optimistic. housing, europe getting better and jobless claims had us at 3% for the gdp and then, boom. >> decline. >> explain why the markets haven't, like, tanked. >> i don't think it's -- we knew it was going back to, like, 1%. that's what people thought. and then reaccelerating. so, you know, that's like the government. one minus one. maybe they messed up a decimal point. >> immediately people said it might be revised. >> i was relieved with andy that he didn't believe the number. if he believed it, he would have sold obama on another 8 billion. how many have we raised? 300 million? we blew away 100, like one day we had, it the next day it's gone. 300, it takes us all that messing around to get

. >>> jeremy siegel is professor of finance. thanks so much for coming back on halftime. >> thanks for having me. >> we read the stat at the top of the show. the second best weekly inflows ever. is that a bullish sign for the market? is this the beginning of the great rotation from bonds into stocks? >> i truly think so. i really get the feel -- you know, the financial crisis is now more than four years past. people are starting to think the world is not going to end, i can't say in these bond funds, money funds are zero. bond fuss are 1.5 to 2%, this is my time to step boo conservative stocks, with very reasonable valuations. by the way, i'm listening to your discussion back and forth. it's not just institutions into etfs. more and more individuals, i think, disappointing performance of actively managed mutual funds. people say, you know, i'm going to put together my own portfolio, or they have an adviser to put together a portfolio, low-cost etfs that are now dividend oriented and equity oriented. i think those flowing will co

we talk stocks for the long run with wharton professor jeremy siegel. ahead of that, you can read professor siegel's latest market thoughts on nbr.com. just look for the n.b.r.-u tab. you've heard of google glasses and gloves with handwarmers, but technology is about to take fashion to the next level. gregg greenberg from "the street" reports. >> reporter: computer geek rarely hooks up with runway chic. but the latest buzz in the fashion industry, wearable technology, could change that. and wall street is taking notice of what's currently a billion dollar industry and could soon rock the retail world. >> longer term there is no reason by the end of the decade it's not tens of billions of dollars and eventually hundreds of billions of dollars because you are talking watches, bracelets, glasses, clothing and lot of things you can't even think about today. >> reporter: white believes the big winners-- at least in the short term-- will be apple, google, microsoft and samsung. and what will start with wired watches and glasses will eventually blossom into a

we talk stocks for the long run with wharton professor jeremy siegel. ahead of that, you can read professor siegel's latest market thoughts on nbr.com. just look for the n.b.r.-u tab. you've heard of google glasses and gloves with handwarmers, but technology is about to take fashion to the next level. gregg greenberg from "the street" reports. >> reporter: computer geek rarely hooks up with runway chic. but the latest buzz in the fashion industry, wearable technology, could change that. and wall street is taking notice of what's currently a billion dollar industry and could soon rock the retail world. >> longer term there is no reason by the end of the decade it's not tens of billions of dollars and eventually hundreds of billions of dollars because you are talking watches, bracelets, glasses, clothing and lot of things you can't even think about today. >> reporter: white believes the big winners-- at least in the short term-- will be apple google, microsoft and samsung. and what will start with wired watches and glasses will eventually blossom into a w

pull out of bonds, and pile into stocks, we talk stocks for the long-run with wharton professor jeremy siegelmore tonight on "n.b.r."! >> susie: marissa meyer is smiling tonight. yahoo's new c.e.o. delivered strong earnings after the market close, and shares of the web portal surged more than 5%. those results come at a crucial time for meyer who took the top job just six months ago, and wanted to prove to investors she is reviving yahoo. the company posted fourth quarter earnings of $0.32 a share, a nickel more than expected. revenues, came in at $1.2 billion, barely above analyst estimates. >> susie: that news could set the tone for tradinmo

that's not -- there are some people who have come on the air whether it's jeremy siegel or others who say you're going to get multiple expansion this year and you're going to hit all-time highs for the markets. and obviously we're not that far away from a dow standpoint. >> look. i mean -- >> i don't think bernanke is going to take his foot off the accelerator when we're sitting at a triple top here and allow the markets. i think he watches charts as well. as well as the rest of the market. so i don't think he's going to all of a sudden decide this is the week to take the foot off the accelerator. i think we look back to '96 where greenspan made the comments of exuberance after the market doubles. it doubled again two years later. so i think if we saw the fed come out this week and said something that we think that the market is getting too frothy, i don't think that should scare away the individual investor to think it's run its course. if you look at the cyclicality of earnings, it is probable 92 percent. we're looking at a high of highs over 160 in the next two to three years -- >>

pull out of bonds, and pile into stocks, we talk stocks for the long-run with wharton professor jeremy siegel >> tom: that and more tonight on "n.b.r."! >> susie: marissa meyer is smiling tonight. yahoo's new c.e.o. delivered strong earnings after the market close, and shares of the web portal surged more than 5%. those results come at a crucial time for meyer who took the top job just six months ago, and wanted to prove to investors she is reviving yahoo. the company posted fourth quarter earnings of $0.32 a share, a nickel more than expected. revenues, came in at $1.2 billion, barely above analyst estimates. >> susie: that news could set the tone for tradin

jeremy siegel thinks we'll hit new highs as well. he talks about multiple expansion. the kick back is you have earnings slowing. despite they are better than expected by two thirds of the companies that reported if not better than that. you can't deny that earnings are slowing. >> one thing no one mentioned was animal spirits. when you get into a positive scenario with things looking better and better, i think the economy is better than we think. look at it from a bottoms up basis rather than top down you see indicators coming in four, five-year highs. economists are out there two and a half percent or whatever. housing is a great story. about a thousand yesterday. i think, again, when real people realize that markets aren't coming back to us that people will step up. and the resiliency in stocks a week and a half ago chipotle went to 260. a week later it's 300. tiffany warned. went down five, six points and made it back up. isrg, bad news a week ago thursday took the stock down to like 480. it's 580. in a week or two. that tells me people are positive. they have the

. >>> a bold prediction coming from market maven jeremy siegel. >>> should the sell the rally ahead ofwill face off. carl, see you at the top of the hour. >> rocking the tie bar today. i like that. >>> despite best buy reporting some flat holiday sales today. should they stick with the retailers action or is it time for apple to drop best buy. rocco, welcome back. >> thanks. also the mayor, according to foursquare of cnbc los angeles. >> i know, i think we have to start paying you now. congratulations on that distinction. yeah. >> rocco, in a relevant black hole? is that fair? >> i would categorizes them as such. you know, look at the numbers. i read an article before i went on that said the ceo accomplished his first goal. free cash flow was plummeting, christmas day amazon.com had so much more traffic to their website than any other retailers. walmart was second at about 8 million visits. best buy came in third or fourth. i would say so. people adopt go to best buy to buy things anymore. they go there to browse. if you're apple, why do you want to be a part of that mess? >> you made

a lot of e-mails about siegel, jeremy siegel, 70% chance the dow will hit 15,000 this year.t was widely commented, to me at least, this morning. he sees a big increase in consumer spending. says the housing recovery is going to continue. home builders had good numbers but they are down. remember, the problem suspect the numbers they are reporting, it's the valuations. we've had pulte with good numbers, merit tash, the numbers, two times book for most of the home building companies. two times book for most of the home building companies. women pool, the guidance spectacular, 9.24 to 9.75. right now, still at 9.25. >> 19 1/2. >> to 19.75 on tri pointe homes. guys, back to you. >> whirlpool, all guidance. pulte coming in was up 15%. again, like facebook, some of the stocks had big moves, taking little profits. shift to bond and the dollar, rick santelli, the cm help. group in chicago. go ahead, rick. >> good morning, jim. we are look ac the how the fixed income markets are moving, seems to be bigger, pervasive conventional wisdom rate goes up, worked certainly for the month of