joe terranova receiving the coveted cup. crowning him trader of the year. his portfolio ended the year up nearly 25%. and after the break we find out exactly what trades got him there and what he thinks is going to happen this year. we're back after this. >>> welcome back. it's been a rough start to the trading year in 02015. dow jones industrial average down 1.5% the worst start for investors since 2008. you can point to a number of factors. crude falling below 50 bucks, fresh 5 1/2 year low, the euro sinking to levels we haven't seen in nearly a decade and a number of other factors for pushing the markets lower. sure was a different cry in 2014. a great year for the markets and better for joe terranova our official winner of our playbook playoffs. he came in first place, made ten trades ended up with a gain of more than 24%. congratulations. >> thank you. appreciate that. >> spoke to different strategies, some made no trades at all. >> yes. >> you made a number of trades and held one stock for the entire year. apple wasn't your top performer, palo alto yo

joe terranova selling out of a name in his halftime portfolio. he will reveal the trade next. the halftime report for scott wapner is the place for market moving interviews. >> see large currency moves and large price moves in a commodity like oil, you have to be worried. >> real money. >> what makes things cheap is uncertainty. >> real debate. >> my bet is buy every canadian oil stock there is. >> the most profitable hour of the trading day. >> do you think dick costolo will leave that job? >> we think there's a good chance he's not there within a year. >> the halftime report weekdays at noon eastern there's a difference when you trade with fidelity. one you won't find anywhere else. one-second trade execution. guaranteed. did you see it? in one second, he made a trade, we looked for the best price, and the trade went through. do the other guys guarantee that? didn't think so. open an account and find more of the expertise you need to be a better investor. your mom's got your back. your friends have your back. your dog's definitely got your back. but who's got your back when

. >> joe terranova, josh brown, pete and jon najarian are the co-founders of option monster. dan greenhouse with us. btig's chief global strategist. and larry altman joins ounce the telephone today. our game plan, looks like this. halftime portfolio, your 2014 champ laying out his playbook. and downgrade of google. whether the best days are behind the tech giant. we begin with stocks up again and a good debate developing over one of the strongest bull markets investors have ever seen is just about over or entering a new stage. whatever the case it's been one heck of a run. lasting almost six years. one thing is clear, volatility is back in a big way. we get negative and then this v bounce. we keep repeating. what is going on. >> volatility works in both directions. and i got to tell you this, particular v bottom that's taken the place over the course of 18 hours is one of the most vicious in a series of vicious v row cover ris for this market. this one is just incredible. >> is it time to be bullish or bearish. >> 90% upside participation right now. why are you looking to be

here's joe terranova, 2014 winner in first place again up nearly 3%.le obviously has a lot to do with that. you're making a trade today. what is it? >> i began with a deliberate patient approach in terms of allocating. i think i had 40% cash now fully invested i added today u.s. steel. i think the earnings are sensational. >> stock was up 9%. >> his is a stock that declined significantly in the fall somewhere close to 45 bucks. but this is a -- the karn nagy way that ceo and the management team right now is under taking the strategies is working, factoring in the effect of lower oil, which will be negative, i love the turnaround story, and very suspicious for me, is i think the consensus is kind of going to get unwound a little bit. we could see a correction in the dollar and that correction in the dollar will be favorable for u.s. steel. >> i understated this. letter x is up 15%. good stuff. yields ticking lower but the move for bonds could come this afternoon. that, of course, when we get the fed statement. jackie deangelis in the futures now traders

joe terranova. wink picks this year. united airlines. apple. -- i know you are going to talk a lot more about this with joe on monday. >> i think if i had one more week. i played this competition really really incorrectly. i started out the year very conservatively. i did a lot of etfs and thought i would ease into the trading aspect. and it was wrong and by year end i just started having more fun with it. >> i pulled out a while ago but the producers wouldn't let me out. >> i know you are going to talk about it more and joe and pete and jon and the gang are going on on monday. and the new competition. a whole new ball game. be sure to tune in on monday where scott will reveal mr. joe terranova and we'll get crowned the winner. and all next week the traders will unveil their picks and strategies. that starts monday right here on halftime. i'll be watching. 2014 was a great year for the markets but it was troublesome for some high profile ceos. mary thompson joining was a look at some of them. >> on the hot seat and under a microscope. sev

and joe terranova lays it his 2015 picks. >> can't wait skok scott. thanks so much. to the cme in chicago and rick santelli. >> hi. today is an interesting day. so many moving parts to the marketplace. as for the market, you know, yesterday we talked about how the day before we came close to filling that gap down to that 186 and tens from october 15th. yields of course. and things really did change. we saw flatteners coming off, more sellers in the long end as they took the trades off. to reverse a flattener what you end up doing is buying the short end, selling the long end. which is a steepenering but it is a lick daquidation trade. but let's start at the beginning. a postmortem on the trade deficit. normally when it moves down everybody celebrates as well they should. because it usually means beneath the surface whatever gdp number you have is going to potentially get better. no difference here. you remember steve leisman talking about how the estimates are growing. but the problem is there are a lot of ways to lessen the trade deficit and the combination of what

joe terranova is the senior managing director at at vertis managing partners. josh brown. and jon and pete najarian are the co-founders of option monster. twitter's future market mover bob pek on why so many insiders are is selling and whether a big deal is in the cards. and our battle for trader of the year begins to take shape. the market bouncing back after several rush sessions and getting some help at least initially from crude oil. a good battle today between buyers and sellers. joe, the question is whose right? >> well i this i the ultimate answer in when the return to equities will occur relates to oil itself. and you want to see that correlation where oil is going down, equities are going down at the same time. you want to begin to see that abate. that is similar to what happened in december for the s&p 500. i think that is a formation you want to look for in the near term. that potentially happens. >> josh. >> now think joe makes a good point. if the narrative is lower energy is a boost to the consumer, then you certainly don't want to see consumer discretionary

joe terranova changing up the way he's trading. >>> terranova's trend, sector shifts and big money movesjoe's keeping you ahead of the curve. half time will be right back. just take a closer look. it works how you want to work. with a fidelity investment professional... or managing your investments on your own. helping you find new ways to plan for retirement. and save on taxes where you can. so you can invest in the life that you want today. tap into the full power of your fidelity greenline. call or come in today for a free one-on-one review. welcome back to showdown! i'm jerry rice, here discussing the big race between the tortoise and the hare. my guest is stephanie branton. jerry, i'm going bunny. shocker. not really. you see, the hare's "thoracic limbs" allow for greater extension and elongated strides. look for the hare to leverage this advantage. ok. and you can move the world. ♪ but to get from the old way to the new, you'll need the right it infrastructure. from a partner who knows how to make your enterprise more agile, borderless and secure. hp helps business move on all the

joe terranova, his portfolio up shy of 2%. no. pan back down to the right corner please.o the right. >> who's number two. did you say it? >> what's going on? what are you doing? >> well, i've got three leveraged plays as i said in energy basically, judge. so what did doug king say you shouldn't be in. that's what i'm in. >> let me ask you a question. make your bets, maybe early, just flat wrong, who knows. >> i think i'm flat wrong. >> the kind of trader you are why are you still in there. >> haven't seen a better opportunity yet. >> disappointing scott. >> i don't want to disappoint scott. >> un-doc like. >> i thought we would turn around by this week, by the ecb meeting. we have not. crude oil down 4%. if crude oil is down 4% my bet on rig, western refining, wnr and/or btu as i say, doug king, pretty much said all three of them, stay away from. >> some of them might be takeouts? >> the other two. accu ray and strat tis sis might be takeout. >> if you got out of those energy names i would assume you have to pull the rip cord soon, you will not ride it all the way down. w

there are a lot of other things going on that are unrelated to oil but just as disturb skblg joe terranova raise this question as to whether the november and december performance pulled a large amount of gains into 2014 that are stealing from 2015 and this is the way it is going to be nor a little bit. >> oil -- i think actually to josh's point i think the reason we started to sell off hard yesterday was a because we lost the leadership of the financials. that is 24% of the weighting in the s&p 500. you have to figure what do you want to do? do you want to start to bottom fish and pick at those groups. we sold a little sun trust today that. 10 year is worrisome for the banks many i opinion. i think technology and there are some pockets in the market. healthcare as well. those sectors are held up well and i think that is where you want to be at this point. >> dow is down more than 170 after a gain of near 70 to start the day. are you like steph looking at this pullback as an opportunity or not? >> well i do look at it as an opportunity judge but sort of like we refer to the first half hour

joe terranova is the senior managing director at at vertis managing partners. josh brown.ete najarian are the co-founders of option monster. twitter's future market mover bob pek on why so many insiders are is selling and whether a big deal is in the cards. and our battle for trader

joe terranova senior managing director at virtus management partners and pete najarian, co-founder ofmunster and josh brown joining us from sunny san diego or hazy at this hour. our game plan -- >> it's san diego. >> thank you. place your bets. >> days before sunday's super bowl we are live in vegas with the latest on the line and where the big money is

joe terranova, adver tis investment partners, josh brown. >> no phone book. >> pete najarian the co-founder munster who should have listened to me before last night's game which he picked wrong, our game plan looks like this, loco for loco. the ceo of the fast growing food chain with us today. do traders have t

leading the pack joe terranova up by 1.5%, stephanie link and josh brown. jim you're in fourth.ou're in fifth and your brother jon is bringing up the rear. down 8 and 9% respectively. what's up with the armenians is this. >> we've been clobbered. i can tell you what happened. jon overexposed in terms of -- overexposed in means ways but energy. >> show people that. the best and worst trades of the month so far. the best trades of the month, lulu lemon, jc penleny, apple, aetna. worst trades, pea body, transocean, citigroup, american express, ups, all of them owned by the najarian brothers. >> not so good. that is not a good way to start. >> that is -- >> jon overly exposed in energy. he thought potentially we would see oil and the energy names start to rally back off. hasn't happened yet. i'm not sure what he wants to do about that. i'm unfortunately more weighted in the financials. citi, american express, those two are the ones that are hammering me right now. ups, the other day, i think that was something that's holiday related again. so actually i like it even more now down at

stephanie link the coportfolio manager of jim cramer's charitable trust joe terranova at adver ts tisestment partner and josh brown rid holtz management and john najarian co-founder of option munster with us paul richards head of fx at ubs and dan dicker joins us on the phone to talk about that story today and our game plan looks like this, t

joe terranova, adver tis investment partners, josh brown. >> no phone book. >> pete najarian the co-founder of option munster who should have listened to me before last night's game which he picked wrong, our game plan looks like this, loco for loco. the ceo of the fast growing food chain with us today. do traders have the appetite for the stock. why pharma is leading the way this year and which ones to buy with billions under management. we begin with a look at the markets, stocks climbing after alcoa kicks off with a bang. the company reporting better than expected numbers bringing investors a sigh of relief and that's our question of the day. whether earnings which are able to kick into high gear will keep this rally going if oil falls. what do you think? >> i think expectations are relatively low for this earnings season because of what's happening in europe, china. i think we're okay. i think it will continue to drive the market. however the volatility is here to stay. the other major issue that overshadows earnings in the near term because you will be in the heart of the season what m

joe terranova senior managing director at ver tis investment partners and jon and pete najarian the co-foundersonsters. icahn unplugged. the billionaire investor is live on his land mark deal with ebay, escalating fight with ganet and more. easy money, is the ecb's bond buying plan big enough to work and what does it mean for stocks at home? we begin with twitter, shares jumping today on heavier than normal volume on more speculation about that

joe terranova senior managing director at ver tis investment partners and pete najarian is the co-founders begin with the blowout quarter from apple. the company turning in the biggest quarterly profit ever by a public company. some $18 billion largely due to strong iphone sales both here at home in china and just about everywhere else and it's cash pile is growing at $178 billion, now bigger than the market caps of at&t, disney, bank of america and others. we're going to hear from billionaire investor