it has pulled back from $65 to $58 and change where michael kors, the man himself sold a huge slug ofck. do you know why i think this pullback is a quintessential buy? and this lululemon apparel store where people buy anti-stink pants and it is going to 250 down road and that's not even counting international opportunities and it's heavily shorted. ralph lauren is a master of high end apparel brands and these stocks are down. we have interesting opportunities here and today i want to add coach and tiffany's to the retail segment of the gatsby index. coach has made the difficult and some say treacherous transition from being a high-flying growth to a value stock. the way you usually make the transition is the way these guys did, having fallen some 30 points from his high and now trading less than 12 times earnings is coach. the company bringing in a new ceo at the beginning of next year. maybe some people are worried about that. lou frank should stay on as chairman and coach could take itself private or be acquired by a foreign luxury apparel. j. crew took itself private. it would send

so far our original gatsby index of michael kors, ralph lauren, lululemon, panera and nordstrom's has by a hair since february 25th, but if they're truly going to keep track of the high-end consumer and that's why i am adding the toll. i'm adding the bc, i'm adding the saks, the tof and the a.l., call it the gratspiest. woerl come back to these 13 stocks, lucky 13 and they'll see what yo tell them. >>. >> michael. thanks for taking my call. nike, nke, i just wanted to know if i should buy and hold onto it for a while, and tick's reported a not so great number, and right now you look at some of the china plays in the minerals it beingn't be worse. ooh let's take a pass on nike and i'm willing to rhys missing a point or tw. let's go to zack. >> boo-yah, cramerment? >> fabulous stuttered boo-yah from the west code of? >> what have you got? >> boulder brands. and it's now roughly nine. do i keep or sell? >> i like hane, it's cheaper than that stock. i think the shorts are on to become combong it -- he's got a think that's going on where everyone is blocking his sos leak me tum bo, but i t

i see michael kors being a much better company, and kors is down.ant to play what is known as beta and accessories, i would swap out a fossil and buy michael kors. let's go to robert in florida. >> caller: boo-yah, jim, from south florida, how you doing? >> wish i were there. what's going on? >> caller: pretty good. i want to get your opinion on newcastle investment. >> i kind of like that. because i'm a huge believer in real estate. regional banks, another way to go. josh in ohio. josh? >> caller: hey, jim. big boo-yah to you from university of finley in finley ohio. >> i like marathon. you know that. i like -- well, i like the oils. they are down on their luck right now. what's up? >> caller: i'm a senior in college. love the show. >> thank you. >> caller: i'm following and doing tech analysis on dean foods, ticker symbol df. i expect a price increase. what do you think about dean foods and where do you see the stock going from here? >> we like dean foods because they are doing the whitewater spin off. thought that was exciting but it is played ou

stay aspirational michael kors. stuart: did your wife buy the dress? the dress. we want to go back to the kors that used to sell $190 dresses. aspirational that's what we're looking for. stuart: this is my opinion, the tide is turning against president obama. we've got a new washington post abc poll. it shows that the public trust in the president on the economy is about neck-and-neck with the republicans in congress. and it gets worse for the president. his job approval rating is 50%. that's down 5 points since january. joining us now is sabrina shafer. good to see you again. my position is that this turning of the tide began when the white house cancelled public tours. i think it was downhill from there. am i making too much of this? >> no you are not at all. i think it put to the american people just how out of whack the president's priorities are. the economy is number one issue for american families who are working hard. we have a national debt creeping to 17 trillion dollars. borrowing 40 cents on every dollar. unemployment has hovered at 8% for a

there she is in michael kors. but jonathan vnmeter spoke to both of them.> them as a couple, their marriage, their children, how they live in the white house, how they deal with the bubble. >> reporter: what struck him? >> he are so sweet with each other, a lot of affection. if there is any married couple to whom the phrase, they finish each other's sentences applies, it's them. >> reporter: of their marriage, the president said i think it would be a mistake that my wife when i walk in the door, hey, money, how was your day, let me give you a neck rub. it's much more. we're a team. of his clothes, she jokes this is the man who still boasts about this khaki pair of pants i've had since i was 20. and i'm like you don't want to brag about that. >> she very effortlessly tells a story that leads to a punchline that can crack you up. and i love that sometimes she and i weren't finished laughing and he was done and ready to move on. the president. and she would sort of look at me and keep laughing with me, like i just love that spirit in her that that jovial spiri

reed krai cough, yes, that read krakov, the same chosen for the inauguration and here she is in michael korsathan meter spoke to both. >> them as a couple, their marriage e children, how they live in the white house, how they deal with the bubble. >> what struck him? >> they're just so sweet each other and there is a lot of affection and if there is any married couple to whom the phrase they finish each other's sentences applies, it is them? of their marriage, the president says i think it would be a mistake to think that my wiech when i walk in the door is, hey, honey, how was your day, let me give you a neck rub. i think it is much more. we're a team. of his clothes, she jokes, this is the man who still boasts about this khaki pair of pants i've had since i was 20. and i'm like, you don't want to brag about that. >> she very effortlessly tells a story that leads to a punch line that can crack you up, and what i loved is that sometimes she and i weren't finished laughing and he was done and ready to move on, the president, and she would sort of look at me and keep laughing with me like i ju

been absolutely hammered over the last year, and back on june 15th, i told you i would rather own michael korsnsive as it was than coach. since then, kors is up 54% while coach has declined another 17%. i don't know. maybe better to be lucky than good. coach has drifted nearly 30 points off its highs, and several disappointing quarters in a row, including the most recent mis in late january, where same-store sales declined 2%. i remember when the company used to grow high single digits was disappointing. north america, getting eaten alive by competitors like kors and kate spade. what we have seen in the long decline, one that has taken coach from $79 to slightly below $50 is a stock that made that vicious, difficult, ugly transition from beautiful growth stock to hideous value play. coach sells 12 times earnings, considerably cheaper than the average stock. and they are a higher yielding stock and what we really have seen in retail, when companies stumble, they ultimately bottom at a certain point and start to rebound. think about gap, that tumbled for years, bottomed in august of 2011. gap bo

this outfit, as we show blake, michael kors. thousands of dollars. me? $84 from sears. >> stop it! you have to give it away. >> you get a dishwasher and a suit. >> let's take a look at some others. olivia wilde. let's see what she's got going on. >> olivia wilde, always trendy and beautiful. she in this shot, ralph lauren collection, just the belt $395. just the belt. our total look, $167.90. how pretty is this? >> nicole looks great. >> $59.95 for the dress. the clutch. great yellow and lornlg color blocking. >> is that a big trend for spring? >> yeah. $38. i love two colors together. this shows thousands of dollars, just the belt 395, our whole look, $167.90. >> that looks great. >> thank you. >> so eva longoria, she likes the black and white. >> mod, '60s. >> who's hotter than us? >> nobody! >> hotter, trendier. eva longoria in a designer dress, thousands of dollars again. paula cass. this dress, $89.50. you can throw on any blazer. $90, this one at lulus.com and $24.90 for the pumps from forever 21. the total, $212.40. >> what kind of sleeves does the dress have? >> you know wh

they own brands and license brands for some of the best known including michael kors, izod, every segmentk it's a little expensive. i think it's going to keep being expensive because it's going to play on the consumer and they are brilliant at licensing and buying. >> murphy is laughing at you. >> no, great day, just happy to be here. >> you stick with that one. europe stabilizing after resized upmi number came in slightly above the initial reading. with caters pointing towards economic contraction is the worse ahead for the euro. let's go to andy bush. welcome back. >> thanks, scotty. >> we looking at the euro going down from here? >> you know, on friday we said to sell at 137.75. i still like selling it. you've just got to pick a level to get involved w the whole play is ecb meeting on thursday. i expect them to do something. we're already getting hints they may intervene to buy portuguese bond. we saw a big rally in their buying market. i also think there might be coming rate cuts. i want to keep selling it until that meeting. >> what's the level you're playing. >> look for a little bi

. >> adding to michael kors. >> like the setup 11 times earnings. >> steve weiss. >> spy 147 put.ope i lose money on them. it's protection under the market. >> all right, doc. >> southwest energy. my favorite take profits and roll up and out. that's what they did here. buying. >> that does it for us. don't forget to catch fast money at 5:00 p.m. follow me on twitter at scott wapner cnbc. historic day. all-time record high. "power lunch" has the story. >>> this is a special edition of "power lunch" as the dow hits a new all-time high. >> and breaking news right here on cnbc. if you're just tuning in, the dow has, indeed, hit an all-time high mark. i'm sue herera, the nyse, center of the financial universe. you can feel the buzz. take a look at the screen. the new high watermark for the dow jones industrial was set right after the opening bell. then we moved steadily to the upside. right now as you can see, let me just clear this a little bit, right now the dow jones industrial is trading at 14,000268.75. it crossed that old mark set in the fall, as i mentioned, right after the open

michael kors is down today. starting to see multiple compression. there's a difference when you start opening stores in kansas city and places like that. as soon as you start to see a stretch, you're going to see it down. when you short a position, don't do it all at once. build this position over the quarter. it's going to be in the $50, $55 by the end of the year. >> you mentioned kors, we'll trade that later on. >>> are investors being two complacent by europe. a report from credit suisse show that hedge funds have waned. not everyoning as the danger in investing in europe is behind us. joining me now is gemma godfrey. has about $7 billion in assets under management. nice to see you again. >> thank you very much. >> we are growing too complacent about europe? >> well, this report says that hedge funds have turned bullish on europe. but if you dig deeper, it doesn't say this is a sign that there is confidence that the crisis is over. three reasons for that -- first of all, you have to look at where we came from. last year, investors were heavily u

i am adding to my financial names, american express, michael kors h but i want to be in consumer staplesin financials. i want to be what's leading the market right now. i don't want the commodity materials trade. >> put this into perspective. you could find a story that works for you this week. >> you can. and what's surprising to me is that the market is so strong going into the weekend with the deadline for cyprus right upon us. i would have to expect that the market is going to sell off, weaken a little bit, not go negative today as we move into the close and there's no resolution. where you want to be is pretty much where joe said. you have to go with what's working. i notice the airlines actually were trading down to negative a little bit today. that got a little pricey but i'm staying away from materials also. to me caterpillar is indicative of the rest of the market in terms of that sector of the economy. i love the financials. they are no longer leading the market, but i think they will again, and i'd be careful with some of the consumer stocks though because they're very, very p

. >> you met michael kors. >> yeah. >> sold the 25 million shares. it has been pancaked since then.his -- if he's a seller, people don't want to be a buyer. >> he's got all his eggs in one basket. when you see something like a michael kors sell, you also think that -- a large percentage of his wealth, including his own livelihood, is tied up in one company. which is not a smart diversification. >> i've been trying to figure out coach, which lacks catalyst, and kors, a lot of momentum. what i worry about here is that coach -- remember, it was the takeover rumor last weekend, i mean, valuation in coach is so low. valuation in kors is so high. does the twain meet. >> where do we meet respectively? >> three times the -- >> really? >> take a look at this, page two of the journal, all about wealthier consumers holding up their end of the spending bargain, so to speak, and more, as gas prices, food prices, whatever, is harder on the lower end. jim? >> yu house is going up in value. that makes people feel good. the wealthier are not lacking for jobs. their stock market portfolios, 3% down o

. >> a little soft, fourth quarter, michael cores beat the -- michael kors beat the pants off them.always come back. they're extraordinarily well-managed company. they just announced a new ceo and they have a huge international presence. we see recovery coming through europe, hopefully toward the end of this year, that can also boost sales. ashley: disclosure on that? >> coach and dollar tree are both in our model portfolio so --. ashley: i want to make that clear. you know what is interesting though? i see a little more than half of the s&p 500 companies have perhaps lowered their expectations a little bit going forward and that doesn't concern you? >> no. it is really relatively small. we started the year about 8%. we're down to 7 1/2 going forward for 2013. >> not enough to make a huge impact? >> definitely when particularly for the consumer, more consumer discretionary, some consumer staples and industrials they pull back a little more because of how payroll taxes from the wal-mart story came out, everybody started pulling back. we got to ride that out. ashley: very good. is the

here she is in michael kors. but jonathan van meters spoke to both of them. >> them as a couple.e white house. how they deal with the bubble. >> reporter: what struck him? >> they're sweet with each other. if there's any married couple to whom the phrase, they finish each other's sentences, it's them. >> reporter: of their marriage, the president says, it would be a mistake to think of my wife, hey, honey, how is your day? let me give you a neck rub. it's much more. we're a team. of his clothes, she jokes, this is the man who still boasts about this khaki pair of pants i've had since i was 20. and i'm like, you don't want to brag about that. >> reporter: she very effortlessly tells a story that leads to a punch line that could crack you up. i loved that she and i weren't finished laughing. and he was done and ready to move on, the president. and she would sort of look at me and keep laughing with me. i just loved that spirit in her that jovial spirit, it really surprised me. >> reporter: a story compelling readers to go beyond the cover. alina cho, cnn, new york. >> 44 minutes pa

. >> so far our original gatsby index of michael kors, panera. >> lewis: lululemon has lagged.need something broader, more representative. i'm adding the tol, the bc, the sax, and estee lauder to the list. call it the great gatsby index from now on. >> in addition to kors, ralph, lulu, nordstrom. with tiffany and coach you got some names in there people are concerned about. >> took a lot of heat immediately on this by even saying coach belongs. kors a different price point. that was immediately -- that was like a heat seeking missile. people hate it. i say your image of coach now. maybe it's lost a little luster. lauder is incredibly overpriced and gets it. that's a sign of a luxury purveyor. toll, $575,000 house. brunswick is boats. last time i looked, how many do you immediate? sax is a high price point and they made a darn good suit. >> the great ones are all european. burberry making a comeback. prada is doing well. america is not the -- at the locust of high fashion. but if people go to whole foods over kroger, if they buy lululemon versus athletic gap. gap's doing some go

. >> michael -- speaking of hot, michael kors is booming. >> they did that million shares -- they didand it was just hideous. it's only selling at 22 times 2014 and that does seem cheap given the growth. >> the upside. >> cypress semi has a good yield and the insider buying is just tremendous and they are in a lot of devices that are selling well. >> "mad money" tonight, what have you got? >> i'm playing oligopoly. i'm promoting a series of the great oligopolies and the pro-trust division of the justice department -- the antitrust division of the justice department is where the money is now. >> you'll do fine every time, jim. >> how about pennsylvania? >> all right. we have breaking news right now, jim. we have home builder sentiment coming out when we return and that will be a big number and housing starts tomorrow. we'll take a short break. back with the breaking news. ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ starting at $37,800. all stations come over to mithis is for real th

. >> i want to you call me blake lively, because -- this outfit, as we show blake, michael kors, thousands >> let's take a look at some others. olivia wilde. >> always trendy and bux. now she in this shot, just the belt, $395. just the belt. our total look, $167.90. how pretty is this? nicole looks great. $59.95 for the dress. great yellow and orange color blocking. >> is that a big trend for spring? >> $38. this shows thousands of dollars, just the belt, 395, our whole look, $167.90. >> that looks great. >> so eva longoria, she likes the black and white. >> mod, '60s. >> who is hotter than us -- nobody! >> so eva, longoria in a designer dress, thousands of deadliners. this dress, $89.50. and can you throw on any blazer. $90, this one at lulus.com and $24.90 for the pumps from forever 21. the total, $212.40. >> what kind of sleeves does the dress have? >> sleeveless. >> i love that! >> it's beautiful! >> she's beautiful. >> young, too so young! >> kerry washington, i love, love her look. j. mendle skirt, it works well on most bodies, $2400 just for the skirt. now we take a look at chloe. t