he is retail equity analyst at morningstar. welcome, good to have you with us, john. it was a lovely report from walmart today. did the market, though, overreact? is it as good as that stock reaction suggests? >> yes, thanks for having me. first, i do think the stock is a little bit overreacted. i think d it before, the tax and the market helped the stock. more importantly, you can point to the headlines that really helped walmart stock today, the faster sales growth, but more importantly the 50% e-commerce growth is getting the stock working higher, not necessarily the long term competitive position, we think. >> they also managed to come in with this report by discounting as well, which a lot of retailers have not been able to do. the talk on the street is maybe they are going to be the successful company to challenge amazon. do you thi that's th case or not? >> obviously they're challenging amazon. and they're the clear number two player in the space. amazon number one, walmart two, and you have target number three. so they are challenging them. they're challenging

this is after morningstar upgraded the stock to hold. down aboutpical 6%.icture coming through across asian markets here. midsession on wednesday. ♪ emily: this is "bloomberg technology." i'm emily chang. just a week after topping $8,000, bitcoin is approaching five figures, gaining mainstream market attention as it defies bubble warning. one of the points biggest bulls on wall street spoke at a new york conference earlier. he urged caution. >> i think this will become the biggest bubble of our lifetimes by a longshot. >> i want to record to show i didn't say that. [laughter] >> mostly because it is so global. emily: they are starting a $500 million fund to invest in cryptocurrencies and says bitcoin could easily match the gold market cap. adam white is vice president of coin base, he joins us from new york. it is an online platform that allows you to buy or sell bitcoin by connecting with their bank accounts. bitcoin has almost tripled its user base this past year, now standing at 13 million. biggest bubble of our lifetime, do you agree? adam: i don't know

i must say that dave quoted people from the morningstar institute, representing native americans andbut this voice has been heard. i will say maybe it would be more interesting if we had jerry jones versus roger goodell. >> greg: you know it is more interesting than football? fox news. we are having a special episode of "the five" on thanksgiving. why -- fox news does not take a knee on thanksgiving. we will only take a knee if there is an injured puppy whose owners voted for trump. >> jesse: "one more thing" is next. let's see why people everywhere are upgrading their water filter to zerowater. start with water that has a lot of dissolved solids. pour it through brita's two-stage filter. dissolved solids remain? what if we filter it over and over? (sighing) oh dear. thank goodness zerowater's five-stage filter gets to all zeroes the first time. so, maybe it's time to upgrade. get more out of your water. get zerowater. get more out of your water. america's small business owners. and here's to the heroes behind the heroes, who use their expertise to keep those businesses covered. and

morningstar climbed to one of the best gain since august.e there, we are getting announcement appeared north korea says it has fired a new type of icbm. the country saying it has fired a new icbm, that the missile launch was successful. you are looking at live pictures out of pyongyang. more context for what we got earlier this morning and asia-pacific, a lot of people woke up to the latest launch from carlos correa -- from north korea. icbm puts the entire united states in range. to recap what came up -- came -- a newyou type of type of icbm was fired by north korea, it was successful. they have improved the technology when it comes to that missile. the take away so far is that the missile now puts the entire u.s. in range, which we were able to extrapolate to a large extent earlier, seeing the trajectory, distance and height the missile actually reached this morning. to recap, the missile launch was successful, it is a new technology, a new kind of icbm that puts the entire u.s. in range. who might want to follow this closely, live go is y

hottovy from morningstar, r.j., what's going on here >> yeah, really there's two things going on here heading into the quarter i think all eyes were on the comp number that was weaker than expected. 2% marngt w market was looking for 4%. even if you factor in the hurricanes, it was a myth on that front long term, the company is looking at 12% growth. i think the market already adjusted down from previous goals of 15% to 20%. that 12% number raises a number of questions i think the company is going to have to answer on the call today. >> sis there confidence in the 12% figure. >> i think there's confidence in the 12% figure the market was looking for something in the mid-teens this company's still got a lot of growth, international, in the u.s., with the consumer packaged good products. that's a lower number than the markets are expecting. that's what you're seeing from the stock price. >> r.j., what about the comp, same-store sales how important are those going to be >> i think that's absolutely critical i think the company is going to have to make a significant case they can get back

still seeing some significant moves coming through in hong kong. 11%, after ay broker upgrade from morningstarstock had been oversold. the mood that you are seeing in tech stocks in the region, we saw tencent in hong kong under pressure. a tech stop -- a stock listed in tokyo. not just in the u.k. that people are eating ill and recover cough sweets. -- require cough sweets. north korea's leader kim jong-un says his regime has completed the nuclear program after successfully filing -- firing an icbm. they claimed the weapon puts the entire u.s. and range. told reporters "we will take care of the situation tell the u.n. which imposed stricter sanctions on north korea this year will meet to discuss the latest test today. manus: one of our other top stories as we have been telling you this morning is in regards to the fed chair nominee, jerome powell. he told lawmakers the case for raising interest rates is "coming together" and his confirmation hearing before the senate panel, he said while unemployment is low the economy does not appear to be overheating. that aligns him with the more dovish win

. >> reporter: r.j.hodavee is a business analyst at morningstar. >> i think it's going to take time to>> reporter: because prescriptions are not books or records. they would have to take care not to worsen the flood of pain-killing medication. >> this isn't like a lot of the other industries they've gone after. there's more regulatory barriers and data sharing barriers they'll have to go through. >> reporter: amazon has already raced new questions, amazon key, which enables delivery drivers to drop off packages inside your home with a special smart door lock. still a recent wells fargo survey found out five out of ten american adults would use an amazon pharmacy if they could, probably because their entry into a previous sector has usually had two results, lower prices and happier consumers. for "cbs this morning: chicago. >> boy, i don't know about this one. >> yeah. amazon is reshaping the landscape. >> they sure are. >> food, drugs. >> it would be nice to get that prescription to come straight home. >> that is true. >>> on the hunt for wildlife in one of the least likely places. we'

among this chatter one other interesting thing that was pointed out to me by an analyst today, from morningstar, he was saying tpg bought mendocino farms yesterday, a really small chain he's saying chains with 15 to 30 locations could be really interesting as potential takeover targets in the future, too, because they're moving into second and third markets and also could be attractive for buyouts. >> you know what's interesting, if you believe that there are just too many restaurants out there, i happen to one of those people. >> i'm not, by the way. >> what does private ekpy see in all of these it's not like they're taking them off the market. they're buying them, keeping them on the market i guess they're imposing more financial discipline on those companies when they do that. is that the idea >> yeah, think that is the idea. something that was also pointed out about buffalo wild wings is they are franchise and company owned so they could push the company to sell more of their company-f o company-owned locations to franchisees to make cash on a deal like that we'll have to wait and see. >> y

>> joining us, david what consumer edge research, and jamie from morningstar equity research jamie, i'll go to you first, because you're the lowe's bull history has simply not born out that lowe's is the better performer, go back to the '09, present, home depot wallops them go back one year, home depot's doubled the return on lowe's make the case for lowe's here. >> i think lowe's generally tends to get punished by having performance that's relatively less positive than home depot's. i also think lowe's performance is still pretty solid. there are periods of time where the company gets a little bit distracted by other projects in the third quarter of last year, they had a number of different write-do write-downs. i think fundamentally the business is sound and i think it's not priced to perfection the way that home depot is so we believe at this point that lowe's is really undervalued relative to home depot and we have the shares trading at about 12% discount to our price target or fair value. >> all right david, we gave you the easy one. make the case for home depot >> so, we've -- i wo