so josh brown at this point. and the grand scheme of things it doesn't mean much but this is a 75 pe. at a certain point you are priced for perfection and you have to deliver every single time like clock work. if you love the company it will be in the penalty box at least for the rest of the quarter. keep an eye on it. you will probably get a better chance. >> we will trade it down to 50. bounced up to 61. here we are basically around this 50 level. it heal by was not a disaster. so although i agree 100% with josh, valuation has finally caught up to this stock. not unlike jcpenney. red hat may set up similarly tomorrow. >> that's a tough word. a lot of syllables in there. >> i put an extra one in. >> we should note that we will have jim over tomorrow at 5:00. it's an exclusive. we will ask him all about the miss on the billings number. next trade, got to check in on bed bath & beyond. q1 sales missed the company's outlook. same store sales came in at the midpoint of the guidance. this is another one where the val

. >> jim, it's josh brown. one thing we've talked about before on the show, i think, a popular chart that seems to be making the rounds. morgan stanley and euro banks stock in deck, bloomberg index, almost a one for one correlation of the last two years. >> isn't that great? that's why i picked morgan stanley over the others. like i said, i think you underlined my point. whatever the true story is, they might have least amount of exposure to europe. i don't care. if the market anoints them the one, they are the one. >> i took off the bank exposure i had not because i saw this coming at all. i took it off morgan stanley trade, jchl p back on friday. goldman sachs down $12. now down $14 from main numbers. so in other words as that thing reversed and gave you the opportunity to took it off, i took it off. if we go far enough, then i'll dip my toe back in. right now i'd say goldman sachs getting hit the hardest of this group, looks like i'd focus on first. >> you haven't seen enough to give you confidence now is th

. >> josh brown being the contrarian.ou have a bone to pick with at least one of the picks. >> i hear the word cheap associated with stocks and i cringe. not that i don't want a good value but citigroup, morgan stanley. i will say it for the record. bank stocks without dividends are like bicycles without seats. they are very uncomfortable to ride. >> ooh! >> there is no reason at all to be in citigroup. i don't get it. the microsoft pick is interesting. it's a perennial left behind. i like that one. the bank names, he's got to kick those at some point. not that they can't work. there are easier ways to live your life. >> we all cringed on the metaphor. >> i'm working off a delay here. it's really bad. >> got to take a break here. up next, talking to some of the top stock pickers. our guest after the break is giving you the best picks right now in the airline sector. stay tuned for the trades after this. ♪ [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ and no matter where you are in life, ask your fi

downtown josh brown the reformed broker dangerous in a good way though he says these are the financial media players who are making things very difficult for the establishment to maintain the status quo because we try to have their way allow the banks and other corporations to write the laws that make all of our decisions for us turns out that's not true democracy or capitalism it's something else entirely and we've all had enough these are the folks leading the charge to take it back number one max keiser and stacy herbert the kaiser report pro that's right ever and we make it difficult for a van to maintain the status quo to maintain the illusion of free markets to maintain the illusion of efficient markets these markets are not free they're not efficient they're being manipulated for the effect of the wealth transfer to the very tip but it's a pretty top and this is causing huge social dislocation strife and revolution and it all goes back to these bankers that are not being adequately covered by so-called mainstream outlets in the united states and around the world you know while w

walmart, josh brown, of course, being the largest.hat stock is lower today and hard to tell whether it's due to the supreme court decision and don't forget that family dollar fairly disappointing today. >> there's a couple of things going on with that but really this is a stock in a massive uptrend. broken ten or 11 years of resistance. no reason to not be in the stock, especially on a relative basis to everything else because this economy plays to walmart's strengths so i like the name. i don't mind it's down a little bit. here. if it's cheaper, i'll probably buy more. >> on the other side of the break, final trades. hearing from the traders and going around the horn. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now,

it was josh brown's pick by the way and yet he is still holding out hope.s he crazy or right on the money? he'll join us and tell us why. e, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. in your fight against bugs. ortho home defense max. with a new continuous spray wand. and a fast acting formula. so you can kill bugs inside, and keep bugs out. guaranteed. ortho home defense max. ♪ ♪ ♪ [ male announcer ] not everything powerful has to guzzle fuel. the 2012 e-class bluetec from mercedes-benz. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trad

. >> brown: josh, what would you add to this to help us understand where we're seeing it and how seriousreally is? >> well, $1.3 trillion is a lot of money. that's about $9,000 for every u.s. household but, in fact, those numbers are predicated on the assumption that all the asset it is states have in the pension systems are going to earn 8% compound annualized returns with certainty. anybody who's looked at their own accounts lately know that's very difficult particularly in an environment where ten year bonds are yielding 1.6%. so in fact when one uses principles of financial economics used by insurance companies and used in europe for pensions it turns out the problem is a lot worse. 4.4 trillion or almost $30,000 per u.s. household. >> brown: so the underfunding is by that a multiple worse than even what... even with today's bad report. >> yes. a multiple about about three and a half times worse. that's because the accounting for public sector pensions is done in a way that doesn't properly reflect the true cost of the promises. again, anybody looking at their own accounts and imagin

. >> josh brown, do you agree with that? pretty bullish. >> yeah. the name since the 30s and put out a note for technical reason. i think fundamentally he is on the money and i like anything connected with payments and early enough of a lot of winners. we are not quite at the stage ripping each other's guts out for pennies and liked the credit card names and we like paypal for that reason. i don't see why ebay doesn't change the name. technically there's no resistance until 48. >> thank you very much. >>> coming up, turning to chatter on twitter in to money in your pocket. we are trading what's trending and did you notice that john and josh were wearing the same tie? did you notice this, folks? doesn't happen by accident. we have one chest here at cnbc or boring is the new sexy. we're back after this. together, they raised ap test scores 138%. just imagine our potential... ...if the other states joined them. let's raise our scores. let's invest in our teachers and inspire our students. let's solve this. we believe the more you know, the better you t

josh brown said it's good it's body central. looks like a cadaver. >> or a body blow. kind of sad.t value prices and you would think it's doing quite well. the weakening laboring market. this is for herb today. where is herb? anyway, he might be home watching. take a look at ventas. new high, just over 1% to the upside and over the last three years it's more than doubled. this is an rtz of health care facilities of hospitals, senior housing facilities, medical office buildings. more. maybe herb's, i don't know -- where is herb? >> i have no idea. >> is he -- on assignment? >> his boat name or whatever. we ran a screener eight months in chicago and ventas came on. that stock's been a rocketship. >> a lot of them done well recently. >>> shares of citi struggling and down close to 2%. i guess they're sensitive with the banking system in europe, as well. this is a really ugly chart for citi. the stock falling north of 27%. >> earlier today maria sat down were an exclusive interview with the man at the helm of the giant. pandit. >> you stood up but when's the sense of how pandit views t

josh brown is vice president at fusion analytics. he's on the phone. josh, what's the trade? happening? i'm buying more conoco phillips here. we were all watching the spinoff of phillips itself, and now phillips is gone, so really it is just called conoco and it is all upstream, and the stock is ridiculously cheap. we are redeploying the capital from the phillips spinoff sale into cop. now it's a pure play. stock is 5.7 times earnings. the industry average is eight times earnings. and this thing is historical priced at ten. you are getting something cheap here. almost all of thes is a sets in north america. 5% dividend yield while you wait. warren buffett owns 20% of the company here. >> josh, thank you so much. coming up next on "halftime" mitt romney is next after this short break. >>> welcome back to "the halftime report." the presumptive republican presidential nominee governor mitt romney is here from california. governor, good to have you with us. good morning. >> good morning. it is very bad news for middle-class families in america. >> someone pointed out this morning

downtown josh brown joins us to defend the pick and read the tea leaves on the turnaround progress.ots coming up. back now to sue and tyler on "power lunch." >> thank you very much, mandy. >>> airbus bringing jobs to the usa. cnbc's phil lebeau joins us live from chicago with the details on the good news for people down there. >> huge news, sue. this is confirmed. we have talked with sources saying boeing is building a plant in mobile, alabama. excuse me, not boeing but airbus. look in the range of 4,000 to 5,000. the alabama plant would be the second airbus plant outside of europe. what will they build there? the a-320 and a number of planes withen the family. they will be built there and keep in mind this is an important plane in the narrow bod low market because you have american placed a large order. u.s. airways flies them. plan to expand the order book and looking at boeing and airbus, in the narrow body, the two sellers, airbus's a-320 outsells the boeing 737. the a320 long been the power horse for airbus and looking at shares see an interesting split here. year to late airbu

josh brown you're long. >> we've been in the stock through good times and bad. look at the testimony and say we'd rather be in the stock than not in the stock given the fact you're getting a 4% dividend here. likely the worst is over. we have a confidence level after hearing what we heard today. >> would that be your favorite pick within the universe? a lot of those other bank stocks we don't talk about so much also fell almost to the same degree since the 10th as jpmorgan did. >> it's hard to say we have a favorite. we don't love the group overall. let me point out something to you, $371 million net inflows into xlf, popular bank etf that owns all of these. that's an interesting development. that's a big jump over the prior week. looks like investors are coming back to the banks and saying, okay, maybe the worst is over. maybe we can own them again. i would not own ones that don't pay dividends. i would prefer jpmorgan. we don't love the group as a whole. we think there's room, not a lot of resistance. >> let's get an analyst take on what we heard. david conrad

josh brown and jeff kilburg joining us with the names they think may be stinkers here. kers, josh, you know i'm going to bring up rim. not yet. i'm going to let it fester like a sore for the remainder of this interview. >> i got time. >> all right. zynga, why is this a bad name? >> i have no idea why this is a $5 billion market cap. even since it's been cut in more than half where it traded when it first came out. the problem with broken momentum stocks like zynga is once the magic spell wears off and people value them based on fundamentals, if the fundamentals aren't great, they remain broken. it's deceptively cheap. everyone's always talking about it. but even at 6 and change it's not a great business. >> jeff, dell. we know the woes of pc sales. call it what you want, the tablet effect, whatever. why do you believe dell is still over priced? >> sully, just like josh was saying. they lost nearly $5 billion market cap just in the last earnings down 17%. and right now, think about it. when is the last time you saw a dell commercial? you don't see them anymore. they need

joining us now is josh brown of fusion analytics. aforesaid monkey comment. when you heard our piece, are you still stand big the monkey comments? >> i-stand by my money comments. well, between don't know if that's what caused the error. that's now what they are saying is that -- you hit enter and we are used to this instantaneous world where -- you don't see it but there is a lot of risk october the line if it is your job to get ahold of those shares. maybe that drives to you do this. personally, i wouldn't ever do it. >> possible necessary place if a trade doesn't go through? >> that's the startling thing. if you are on e-trade in your living room then don't let you repeatedly enter the same order in. fail safe even at that level. you would think on a million share order, will's somebody stopping the chicken from just pecking away. >> i have a radical idea for you. how about this? pick up the phone. did my order go lou or not? >> pick up the phone. who are you going to get on the phone? >> what kind much relationship is that with ubs with whoever is excutin

brown has basically, as one legislator told me, has taken the parks out of the icu, but they are still in the hospital. >> that's all for tonight. thank you both, paul and josh. visit our web site to see past segments and subscribe to our podcast and share your thoughts about the program. we will be off next week for the independence day holiday. i'm belva davis. thank you for watching. good night.

brown or anything like that. i do support him, it has to do with the auto bailouts. ro romney people and josht. one in eight jobs in ohio is tied to the auto industry. the bailout has really helped. these companies are doing well now has helped jobs in ohio. for romney and josh mandel to say, no they don't want to talk about is a huge mistake. >> heather: let's talk about those jobs. of the ten battleground states, seven of them have employment levels that beat the u.s. average including ohio. will that guarantee president obama a second term? >> no, i don't think so. i don't think ellen's support will be enough to get obama enough. the more important numbers and unemployment numbers in ohio is the presidential job approval. obama is under 50%. it's hard to see how he can improve that in the five months remaining. i think it's upward slog for him. >> i don't see it the fact many people in the ohio legislature have done things like having a fetus testify, they put an ultrasound on somebody -- this is crazy things that has gone in the ohio state legislature. they need to focus on jobs. sigh tha