i missed that one. >> that is leon cooperman yesterday.sh on fang, although perhaps swapping out the "m" for an "n. he sees fundamentals supporting those valuations. so dom is tags a look at those now. >> i believe our friends and colleagues on fast money, melissa lee and gang call it f-gagh, right? let's take a look at whether those forward looking stocks are moving now with facebook, microsoft, amazon and alphabet, these numbers represent the current levels of the stock. now let's give you an idea contextually these are going to be forward price to earnings, so the price today and analyst expectations for earnings in the coming year. let's take a look at facebook, first of all if you look at this chart, currently facebook shares are trading at just around 24 times forward price -- forward earnings so 24 times. at one point in the past year, it was around 32 times so, yes, cheaper than it was at one point last year. that's the facebook chart. so yes, it's a discount. microsoft, let's look at that one because leon mentioned that one, as we

some point but were just reminded when mohammed was on the show couple of weeks ago he quoted leon coopermanaying he was fully invested bear, that some like a right way to go, i guess. >> it really does. jack: speaking of happy investors, there's a robust reaction ipo coming down the pipe in the last few days. >> like you said the stage has been set krispy kreme into chinese companies a grocery delivery business and rideshare companies all did well especially which closed with a 60 billion-dollar evaluation on the first day and it struggled a little bit on friday after the chinese come under government crackdown. jack: setting aside dd and dingdong and donuts the big ipo story is robinhood on wednesday it gets hit by a record sign in on thursday and files in f1 which means it's ready to go public. >> exactly there is a lot to say but it gave us our first real look at the company and some of it is interesting revenues rising really fast but losses are mounting even faster revenue is 420 million for the first three months of this year, profitability is a long ways off in a $1.3 billion loss, a

alibaba along with the likes of microsoft and facebook, and just recently billionaire investor leon coopermanwth and want to chase growth, they have grown in their capital market structure to make investors like the ones here in the u.s. more confident about putting money to work there. what happens given the sell-off last week? $17 billion of market cap erased from the likes of didi remains to be seen i think it comes down to earnings and what type of numbers they can turn out in the face of regulation >> you add in regulatory risk to the other risks that come from owningany kind of foreign developing market stock or just any stock generally so it complicates the risk calculus. seema, thanks. >>> let's stick with the topic for a moment analysts in the retail world are watching u.s./china relations closely. a lot of the big brands do a ton of business this china and came under scrutiny before, even some getting calls to boycott could they again given the current climate especially stocks like nike what risks do investors need to be aware of? brian nagle is the consumer growth and e-commerce a

we debate it with the investment commandment plt leon cooperman joins us today in a view few moments.ajarian let's look at where stocks are trading right now. a snapback today the the dow up better than 600 points but not quite everything back but on the way to doing so. the s&p good for 1.5%. the 10-year note yield got as low at 1.12 a nice bounce off that level to currently set at

we debate it with the investment commandment plt leon cooperman joins us today in a view few moments. stephanie link josh brown and jon a najarian let's look at where stocks are trading right now. a snapback today the the dow up better than 600 points but not quite everything back but on the way to doing so. the s&p good for 1.5%. the 10-year note yield got as low at 1.12 a nice bounce off that level to currently set at 1.21% what a 24 hours it's been. one of the headlines i take from today is what this all means for where we may be going from here. jp morgan comes on the show raises the year end target not cuts raises to 4,600 from 44 said they remain constructive and equities see the latest round in growth and slowdown fears both premature and overblown. is he write? how do you see it. >> well, i don't know if he is right. i hope he is and i admire his timing. it's coming at a moment where a lot of people have flipped from bullish to bearish because of one rough day in the market. but i'm not surprised at all that's the environment we soo that all the time people spend way too much

i look at people like billionaire investor leon cooperman, it is not a rich market given low interest rates and pick up from the pandemic. he likes it, how about you? >> talk about the delta variant, i said a couple days ago that was temporary concern and the market believes that as well. 80% of adults are vaccinated. that includes the 50% number and children are not at risk when it comes to covid-19. i think that was an excuse to sell off a little bit. all we've done the past year-and-a-half is go straight up. valuations we're definitely stretched. we're at dot-com valuations right now. because of the stimulus over the past year-and-a-half because of peoples pockets or indirectly with the infrastructure spending. we have a strong reopening of the economy. 93% of the economy is reopened right now. people are out and about spending money. at the same time we have new money coming in. we see the meme stocks, amc, people never trade the market, or thought bin vesting it they're pumping money into the markets increasing valuations. this is not a normal year, neil, 2021 is far from it. we

cooperman heard his name mentioned on the show. he emailed me, said he wants to come on next week. he has a lot to say. we're having leon intact. thanks, scott. >> thank you jenny. >> medical properties trust. 5% dividend yield. sorry. i said the wrong one clearway energy. >> weiss, just a name, doc, a name >> porsche >> kohl's. >> have a good weekend everybody. "the exchange" starts now. >> thank you, scott. and hi everybody happy friday we're going to try and clear up some confusion about the economy today. if inflation is the fear, why are interest rates falling and if rates are falling, why are momentum stocks also sliding? we're going to speak with one strategist who says he has the answer to all this and it's a bullish one coming up in a moment plus the ipo boom continues and we're going to talk to the head of one company who's gotten a big boost thanks to the pandemic they make glass vile