welcome, everybody first up, could this be the next lululemon? keybanc thinks so. figs is at an all-time high, up 13%. all time high went public the last month but this has been a rocketing move the shares you are up 40%. they've got nine buy ratings and 50 bucks a share hm, who should i ask about figs first because, mike, it's been hard for me not to make an i don't want an ordinary scrubs joke here. >> right or no scrubs at all, as the song would have it. you would understand why any analyst would want to compare any company to lulu, one that was attacking this one particular sliver of the apparel market with very high margin clothing seemed like it was more expensive than what was available out there, but it had very much a loyal fan base cosmetically, that makes sense on the other hand, we're talking about valuing this thing based on projected 2025 revenues and cash flows and really is the demographic of folks who are buying scrubs for the same as those who have all that disposable income for a pair of expensive yoga pants that are status items i don't know ano

. >>> another retailer is lululemon with results after a rough start to the year.al on the way out we'll discuss. plus check out the other names after the bell today we're back in a moment - [announcer] if you've tried college but never finished, snhu let's you transfer up to 90 credits toward your bachelor's degree. - [woman] it doesn't matter how old you are, you can do it. you can finish. - [announcer] finish your degree at snhu.edu. new projects means new project managers. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. these days, we want sophisticated but simple. cutting edge made user friendly. in other words, we want a hybrid. and so do retailers. which is why they're going hybrid, with ibm. a hybrid cloud approach with watson ai helps manage supply chains while predicting demands with ease. from retail to healthcare, businesses are going with a smarter hybrid clou

. >>> speaking of earnings, we'll get results from lululemon, crowdstrike, docusign and slack.al average unchanged. amc down 9%, koss down 21. workhorse having a nice day. ev truck maker up 28%. we'll be right back. first up is this exquisite bowl of french onion dip. i'm going to start the bidding at $5. thank you, sir. looking for $6. $6 over there! do i hear 7? $7 in the front! $7 going once. going twice. sold to the onion lover in the front row! next up is lot number 17, a spinach and artichoke dip, beautifully set in a hollowed-out loaf of sourdough bread. don't get mad get e*trade and get more than just trading investing. banking. guidance. (vo) this is more than just a building. get e*trade and get more than just trading it's an ai-powered investment firm with billion-dollar views. a cutting-edge data-security enterprise. yes, with a slide. a perfect location for the world's first one-hour delivery. an inspiration for the next workout cult. and enough space for a pecan-based nutrition bar empire. it could happen. this is where dreams become brick and mortar. find yours,

not a channel stocking and it's a very good story the closest comparison, i would say, to nike is lululemon. i know karen and steve and delano were looking good in their lulus at home during covid, but they're also looking good in the gym, and they get it both ways as well. in either case, the multiple is very, very challenging, but the innovation and control of the demand is you have a movement. nike actually got cheaper last night despite this move in the after-hours. >> so, karen, if this is a nike-specific story, then which retailers might you be concerned about? which retailers might not see that sort of benefit at this point and where we are in the pandemic >> i come back to department stores as being challenged you don't think of them as a place to buy sneakers, but the consumer's pocketbook is inif i night, right i agree tim's take of lulu woul be most similar. the shoe space saw goat, right the shoe space is on fire, so maybe foot locker is still fine, but i don't own it anymore it's been the fear of nike taking over their wholesale business which makes me stay away from nike >> it

. ♪ usaa ♪ after the bell today crowd strike and lululemon crowd strike shares up 6% in the past monthsh, expectations going in? >> i think expectations are high this is one of the only high beta tech stocks in that whole group of stocks that's within 10% of its record high it really didn't give anything back this is trading at a very reasonable 50 times sales. i have said many times on the program i am a long term investor here. i think cyber security is going to be one of the biggest issues the world faces, right alongside climate change and crowd strike has an opportunity to be the premier name in the space. for that reason, i am willing to make it one of my only names trading with this kind of valuation. i have no edge on whether or not they will report five or six cents, which is expected or much more or much less. i will be watching aloneside everyone else. but i might be tunistic if the stock sells off because i believe in the long term prospects for this country. >> doc lululemon. down 8.5% year to date what's next. >> what's next is if you ever buy their stuff, you will keep b

lululemon, price target raised to 405 at cowen today, pete. stock is up nearly 3% right now.ey beat and raised their guidance as well >> yeah, really strong kalvin mcdonald has done an outstanding job i think navigating the company when you look at the ecommerce growth of 50%, they're doing everything right, scott. i continue to like this company. i know when you look at it from a p/e standpoint it is extremely high, no doubt about that. but they have great projections going out into the rest of this year, and i think that growth, just the potential of that growth remains and with the hybrid society that i think we will be in over the next year or two, i think that lulu will be another strong run through '21, through '22, and then probably into '23 >> okay. take a look at shares of letter f, ford. today the price target raised 18 from 16 at jpmorgan. that is a new street high. jim lebenthal, are you going to give ford any love ever or is it just a gm world and you are living in it >> you know, i want to give ford love gm -- look, you can make money in ford but you will make m

lululemon and broadcom earnings coming out after the bell.land governor andrew bailey will be talking about climate change in eight minutes, and the big day, the may jobs report. within that we will get durable goods and factory order data as well. that will have a real-time feel for where we are in the supply chain and jay powell be speaking tomorrow. i think it is ahead of the jobs number so that will be interesting. in london the g7 finance ministers and central bankers will meet in person. he is that president biden -- key is that president biden would be ok with some kind of minimum floor tax rather than a corporate tax hike as we head towards potentially a global minimum tax for corporations. speaking of corporations, something else that caught my eye, i cracked up when i read this. you want fries with that ev? elon musk has filed trademark paperwork to use the company's logo in the food industry. elon musk has talked about putting in one of an old-school drive-through at a tesla supercharge station in los angeles. i laughed but it feel

think retail comes out of this a better place on the other side of the pandemic as i look at nike, lululemonetration, higher margin e-commerce as i look at retail before versus after the pandemic, you want to associate yourself with the growth, health and wellness athletic and follow the market share, and the market share to me, you're seeing it across the discounters, the dommer stores and the off-pricers. >> consumer price index came out today, a little bit hot. it said apparel was hot. if that's the case, maybe i should trade down somewhat t.j. maxx. ross stores. 200 points, burlington are those good, too? >> the interesting thing as we look forward, jim, i mean look, we are watching covid, obviously, for any twists and turns and, you know, could we see a surprise set back. inflation, i think people may be looking at it wrong. for apparel, moderate inflation is not a bad thing it's actually something we haven't had in this sector the overall apparel sector has been deflationary for the better part of the last decade. as i look across the spectrum, there are two beneficiaries. if you are s

. >> those stocks both trading hig higher a ton, lululemon and nikes, keybank also rating it that stockmn 13% now sure if they're going to the coffee story in scrubs >> like plays a doctor like, soon ebl probably not, but they are comfortable. i think what's make the -- it's cool it's a very high loyalty rate. they love it that's a $12 billion market or so so they're changing that i was tess doctor dashes she was wearing figure, and i noticed it she look very fashionable. >> did you mention it? >> i did not >>> seema mody. >> hey, david, the white house says today, if as expected, the senate fails to pass a sweeping voting rights bill when considered tomorrow, it will prompt what jen psaki calls a new conversation about the filibuster, and hours after the new iran's president says he does not want to meet with president biden, the white house says biden has no plans to meet with him while there's still hopes of a revival of nuclear details with iran dilgts aged 18 to 39 have the lower rate of -- safety and efficacy are the most common concerns. >>> for the first time since the pandemic

continues to win out so i'm not a big investor there from the long-term perspective although i do like lululemonyou so much >>> up next -- we'll get more reaction to micron's earnings when we're joined by an analyst who has a $150 price targ et on the stock. >>> plus, mike santoli looks at what it's saying about the broader market >>> micron now is a little bit higher after reporting earnings, beating expectations across the board with decent guidance as well for the quarter ahead the earnings just minutes away mehdi, thanks for joining us reading your preview, you were confident it would beat so congrats on that front is this broadly what you're expecting? >> yes by the way, thanks for the opportunity. i think micron delivered what we were expecting, but for the stock to continue to move towards a price target, investors have to be convinced that margin expansion is going to remain intact in 2022 in the difference call in 20 minutes hopefully they'll address this it's a margin expansionist story. we have still 10 points on up side on margins from here. >> what's that driven by, falling costs? >

some of these have been hardest hit, both etsy and peloton even lululemon a lot of people just thinkome of the companies are coming out and surprising investors. >> right this is where the debate comes in i think there's a bit of a straw man argument this stuff isn't going away. nobody thought it was going away the question is how much of the pandemic premium would come out of it. both of these stocks are down a lot but only back to october or november levels, meaning they have still retained a lot of that huge surge they had over the prior year that shows you that they still do have a market expectation that they're going to have a durable franchise even if you do have a lot of debate around the valuation. >> lindsey, more broadly, where are s&p 500 multiples now as i guess earnings numbers have caught up a little bit with the multiple but maybe not fully >> yeah, no. the p.e. ratio on the s&p 500 on 2021 is about 22 times, which is still elevated versus historical standards which gets you to about 16 times but it's come down steadily as we've seen earnings numbers move high oerster

some of these companies after the bell today when they report quarterly results we'll hear from lululemonand docusign and broadcom all coming back after this esg is responsible investing. who's responsible for building esg into your investments? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> the white house said president biden and senator capito had a successful meeting yesterday. we're joined by mick mulvaney. he's the founder of exodus capital. heidi heitkamp, founding member of one country project also cnbc contributor and, folks, the headlines on this may be a little bit more optimistic than reality politico has a report out suggesting that the president is really looking for much more he wants $1 trillion in new spending the plan that had been set forth had $257 billion in

i think this is a sign that women are ready to come out of sweat pants and lululemons and look feminineut i also think it's about dressing up, looking pretty, getting back to feeling great about going out and seeing friends. i think it's terrific. maria: i was thinking about that the other day, actually. i was looking at my shoes and i thought wow, i haven't worn a pair of high heel strapless shoes in so long. i think you're right about that. mark, what do you think? mark: i can't wait to bust mine out of my closet and start wearing them again. i'm super excited pout that. you know what i'm also excited about is the hideous, baggy mom jeans that made a comeback. the high waist, baggy legs. my 13-year-old daughter started wearing them and i looked at them, like is this real life or is it back to the future, hot tub time machine. it was crazy. maria: when we come back, we've got the word on wall street. stay with us. they said it couldn't be done but you managed to pack a record 1.1 trillion transistors into this chip whoo! yeah! oh, hi i invested in invesco qqq a fund that invests in the