leslie and kristina partsinevelos, we thank them dom -- who knows where he has gone but we thank them all. >> most of all we thank frank for the story of naked. >> yes. >>> coming up, needham lauren more martin has been warning of the challenges for in the flicks she reit rated her underperform valuing aon the stock. and tells us what to do now. >>> plus, heap stocks, buyer beware. >>> a look at the worst performing stocks for the week -- goma dne aldn,isy,nd boeing back in a moment you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >>> all right. welcome back to "power lunch." a horror show for netflix shares the stock down more than 20% today. the company admitting that streaming competition is eating into growth. our next guest has been warning about the challenges facing netflix, including growing competition, higher content spending, lower operating margins, and says there is one thing net felix could do to dr

we are going to move now to kristina partsinevelos and the new esg investing and why doing good is not to doing well explain, please, kristina partsinevelos. >> well, socially responsible investing is synonymous with high quality management and improved returns all while doing good that's driving a surge of money into esg funds over the past three years but study after study shows esg investing may not be linked to improved performance. a review found, quote, the financial performance of esg investing has been indistinguishable from conventional investing, yet managers can charge more even if funds mimic indexese. >> you can get similar returns without looking at the esg information. simply by looking at investment styles based on financial ratios, you can get a very similar result >> the 20 largest esg funds like vanguard's social index fund, were largely allocated to information technology with efl bet in 12 of the 20 largest funds highlighting concentrated risk in one sector of the economy and almost zero in energy making fund allocation one of the key drivers behind the recent outp

let's get to kristina partsinevelos.ter they news for us >> i don't so perhaps i should pass it back to you virginia governor glenn youngkin wants to make sure parents decide whether kids wear masks in school. he is asking his state's supreme court to dismiss a challenge to his order allowing parts to opt out of school mandates for the kids >>> where storms are expected to hit next, tonight at 7:00 eastern. >>> in illinois, an amtrak train has been stopped in its tracks after a freight train derailed there are no reports of injuries but residents are being asked to avoid the area >>> at the vatican, pope francis is promising justice for victims of clergy abuse. this a day after a report found his predecessor, pope benedict, failed to act in four cases of abuse by clergy when he was the archbishop of munich pop francis says the church is still seeking its way forward in handling abuse cases sorry, kelly, couldn't do it couldn't lighten the mood. >> we feared still we appreciate it, kristina kristina partsinevelos >>> next

kristina partsinevelos, why isn't gold doing what gold does?xplain that for you, but let's talk about where gold is going, so amid all this market whiplash, there's one asset holding up we talked about it, gold it's helping some gold miners like barrett gold, and we can bring up a few on the screen over the past five business days like you mentioned, futures are only up .5% at the moment. it's been the highest level since only november. we have passed this key technical level of 1850, and the next resistant zone will be 1865, but what is pushing up the gold ever so slightly, like you mentioned? we did see bullish momentum in the spider gold etf on friday. it posted its biggest inflow net ever that was a positive. what are the market drivers for gold the federal reserve meeting along with alaundry list of geopolitical risks they expect it to hold value, the inflation, and you have a hedge, but analysts at td ameritrade saying not so fast. they pointed out distorted options activity and much of the demand coming in right now is from china ahead o

kristina partsinevelos has the details. >> reporter: you saw it ease off a little bit after the company announced david zinzler who will be the executive vice president and chief financial officer. he holds pretty much over 20 years of experience in the semiconductor space but is pretty much a cfo switcher ooh ziesner was head of micron, but a quick search online shows his biohas been taken down from micron's site. micron says its chief business officer and executive vp will serve as interim cfo while the company searches for a new cfo meanwhile, david zinzner will take on the role of finance head at intel starting january 17th until though, today was one of the bite spots on the nasdaq 100, but it is still 20% from the 52-week high melissa. >> thank you tam, what do you make of this move >> i don't know that it is a market-changing move again, intel was actually in the green during the blood bath earlier in the day before this news was announced clearly when you consider the drivers for intel over the next three or four years, it is a massive capex program. when it comes to the c-suite

gold prices are getting a boost today, hitting their highest level since november kristina partsineveloswith the story. kristina >> you've got gold attempting a win for the first time in four sessions or as a td securities analyst wrote today, quote, gold still has game the precious metal hit a high of just north of 1,843 bucks. that's driving up the gold miner's etf. already surfacing its 30-day average. all of those 12 components are up well over 10% including harmony gold and a few silver players too. but precious metals are seeing interest that pretty much goes beyond just an inflation hedge you've got stronger demand coming out of china. a softer u.s. dollar which makes gold cheaper to buy, higher oil prices that add to that inflationary trend and lastly some geopolitical troubles in russia and the united arab emirates, all reasons drivers for the yellow metals safe haven appeal today and that's almost 2% swing higher >>> still to come, the nasdaq having an up and down session but remains around 10% below its recent highs we'll ask tech investor eric jackson if he thinks the worst o

. >>> we've got an earnings alert on western digital kristina partsinevelos has the numbers for us >>shares of western digital are down about 12% right now. the data storage company did beat on revenues sxurnings, but the quarterly revenue guidance came in below estimates. it also sees adjusted eps of $1.50 to $1.88 for q3 which is much lower than the street anticipated. the company also warned of supply chain headwinds to continue in the near term for the firm, and in a separate release, the company announced a new cfo who will resume the role on february 7th or assume the role he previously worked add dialogue semi-conductor. you can see shares of western digital now down about 11%, almost 12% back to you. >> kristina, thank you >> visa shares going the other way, popping right now after reporting earnings that beat on the top and bottom lines quarterly revenue topping $7 billion for the first time payment volume strong, up 20%. joining us now, david holt, has a $270 price target on the stock. you like it, david and the commentary in the release is bullish like it and commentary say

kristina partsinevelos has the details for us >> semis looking to give back their monday gains and thena new commerce department survey showing u.s. companies who use semi-conductors are down to less than five days of inventory for key chips. back in 2019, that average was actually 40 days shares of amd, lam research, applied materials all trending lower, down anywhere between 5 and 10%. and then shares of nvidia falling today on a report it's likely dropping its $40 billion bid to acquire british chip designer arm, the deal faced intense scrutiny from regulators over unfair competitive advantages good news for competitors like intel and qualcomm after the bell, we'll have earnings results from chip maker texas instruments. >> thanks so much for that i remember eugene when we were discussing whether nvidia would defend $300 a share. amazing how it's gone dow to the low $200s, $220s it's hard to catch a falling knife, but this is a stunningly good company, a hell of a lot cheaper than it was ttracted tot >> i like nvidia bull still trading at nearly $70 pe, and the growth rate next year

it is making a comeback right now along with the rest of the market let's get straight to kristina partsinevelosor a look at how chip and tech companies are performing, seeing some buying >> right into 28 minutes left, and we have the nasdaq coming off the earlier lows, but we were teetering at the eight-month low. you had some of the major tech players lower, microsoft, and they were some of the biggest drags on the that dac100 you have mega cap tech player microas microsoft as well trading lower today. it's not as bad now, just about 1% lower, but still a heavyweight when it comes to the dow and nasdaq and semiconductors also not spared micron, qualcomm, lam research, all selling. look at that reversal. you're seeing qualcomm up now 2% lam research the same thing, micron teetering in the positive territory. nvidia was one of the biggest losers it was the third largest point impact on the nasdaq and tracking for its worst month since july 2008. you can see it's a little bit of an uptick but still trending in negative territory, and amd, one of the maz dac's biggest decliners to start the year,