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. >> we played jim chanos sound earlier. tech rally and overall rally has been pushed up by lower quality stocks. his words. what do you make with tech stocks are you putting money in there are there other areas? >> i think the challenge here is now we have stabilization of longer-term interest rates that you will not get a contraction in multiples or expansion. if mull tiples are range bound, but still at risk with a mixed bag. the focus is on quality. consider how to he reengage wit technology you have to think about quality. that is a bit of a surprise application of a dividend growth strategy to the technology space. we have etf for the s&p technol technology dividend. folks are familiar with regular stocks, but it works in tech >> give us an example. >> mastercard and visa stable processing companies. the key is the signal of the dividend growth. job cuts are a one-off buy backs. they say good times happen yesterday. the companies growing the dividends are bullish. >> speaking of dividends, deere and nvidia >> indeed it

stocks also in the process of being acquired jim chanos raised concerns of the quality of the tech rallyhe question of the sustainability of the gains without short covering the next big test is earnings next week. this is a valuation for snowflake with short interest of 5% that is typical for an s&p stock. for more on that within the cloud and names that may be best positioned, let's bring in dan ives managing director of equity research great to see you >> great to be here. >> you are out looking at the cloud space. what do you think of the elevated short interest? do you think the rally is short covering in. >> -- covering? >> no doubt. earnings is much better than feared what we see is growth within the cloud and it will still be significant going into next year as well as m & a i have believe the cloud rally continues and deposendoesn't st. >> i want to touch on something when it comes to the big parts of the cloud that investors are invested in. the hyper scalers. amazon, microsoft and alphabet what demand are they seeing? what kind of spending environment? >> we raised our price t

of innovation with invesco qqq >>> a big closing bell today at 3:00 with that man right there, jim chanosl get something new from him he's going to react to coinbase, too. sally will join me, as well. can't wait for that. and nvidia, obviously. we'll walk you up to nvidia's big earnings report. jenny has some new moves we need to get into. so you bought more debben. >> the stock got shalacked last week they said they will earn $5.50 a share. they're paying half of that out. so 5% dividend yield going forward. so fothen we sold navient you sell things that are overpriced it's trading at 3 1/2 times, ten times the multiple >> farmer jim, final trade, what you got? >> raytheon. looks like it's going to support airbus and boeing production increases. >> josh brown? >> starbucks don't drink cups of olive oil, you idiots >> jenny >> madden, 6.2% yield. >> all right good stuff i'll see you on "closing bell. "the exchange" begins right now. >> thank you, scott. hi, everybody. i'm kelly evans. here's what's ahead this hour. the fed's james bullard, reis rating his call to go north of 5% how many a

jim chanos will have a cnbc exclusive on the markets and one of the

navigate >> i hope you don't miss our interview tomorrow speaking of coinbase legendary short seller jim chanos "closing bell" tomorrow. cannot wait for that interview we'll see what coinbase has to deliver and what he has to say about it we're walking you up to palo alto networks. it's been your, quote, unquote, table pounder out of the cybersecurity space. what are you looking for here? another stock that's gone up a lot to start things off. >> yeah. scott, cybersecurity has been the rock of gibraltar sector in terms of spending. i think palo alto could be 25%, 28% billings ings growth. i expect positive guidance it's a double table pounder. this is our top security name with others. that's what's proven during earnings cybersecurity is a massive area of strength despite the skep tings going into the year. >> i know you like it, but frankly, i mean, how can anything be a table pounder in this environment doesn't that sound dangerous to you? >> oh, yeah. i mean, look, i think it's been a dangerous market for the last six months when oi i look at the free cash flow, i look at the threat levels

. >> jim chanos was on the show monday he said usually when we see this sort of behavior, it's the end action that you just mention and all those sorts of names and crypto, it's not bullish. >> i bet the folks at blackrock are asking a lot of questions like when did you know about this probe >> buzz of their stake >> because of their stake. >>> up next, final trades. (swords clashing) -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. >>> let's take a check on the companies that are have reported earnings in the after hours session across the board the standout here is apple really reversing here on some of the guidance that it's giving for the current quarter. it is now down only a half a percent. and for amazon, we're continuing to watch comments from the ceo andy jassy the first time a ceo has been on this call in more than a decade, at least so this will be, of course, the big story of tomorrow. time for the final trade let's go around the horn steve? >>

australian treasury jim chanos plans to deliver a responsible budget in may to avoid inflation. he told bloomberg television the government tends to follow the same cautious approach taken with its first fiscal plan in october when it opted to put most commodities when fall back into the budget rather than funding spending programs. >> we cannot be complacent about the inflation challenge. just because the inflation peak is behind us rather than ahead of us, it is still the defining challenge in the global economy, still the defining challenge in the australian economy. funny: global. i am vonnie quinn. this is bloomberg. haidi: look at the energy producer in australia, one of the stocks that could move even higher. upside about 1.6% trading at the moment, posting record profit to join what has been an energy sector bonanza so far this earnings season. woodside is australia's largest lng producer getting a left tire from asian lng with broader crude prices and a boost with numbers from the completed merger with bhp, bhp petroleum, back in june. this is the highest ever profit fo