i should never have sold nucor. i think her six-year-old son is perfectly diversified. we are going to leave apple as what we call generous in itself. i like the work, and i love hawaii. i want to go to hawaii. now let's go to ron in arizona. >> thank you for having me n the show. i am retired for two years now and i depend on my dividends for income, so i tried to pick quality companies that pay solid dividend. my five holdings are bristol- myers, pity bank, devonte energy, and verizon. mi diversify? >> look at the income this brings in. i love it. remember we spoke with a ceo in san francisco. he says do not wait. verizon is actually able to boost their cash flow. city is a little more questionable your devon we know is oil and gas. we have had them on and they are a cash flow machine. oil, bank, drug, and chemical. i like what he s doing. he also has to compete with the fact that you can get 5% on your cds, but i like his long- term approach to investing. now we go to bob in florida.>> thank you for taking my call. >> my five stocks. jim, am i diversify? >> wow. lati

nucor, steel dynamics reported strong capital allocations and the stock is breaking out further. >> we as a group are strong and that gets lost with how strong nvidia is and if you look at qualcomm it's about to set a new two-year high and they're attractive valuation, smartphone market looks like it's bottomed and you have automotive and internet of things to pull it along, as well. so qualcomm is where you should look. >> alphabet, are you thinking about bouncing it, jimmy? >> absolutely not. i thought i made the case that i think you should add to it here. >> so i cannot after the end of april and i would sell it. >> i'll see you on "closing bell" with dan greenhouse. i look forward to that. "the exchange" starts now. >>> thanks very much, scott. welcome to "the exchange." i'm dominic chu in for kelly evans this afternoon and here's what's ahead on the show. the consumer has not cracked the labor market and it hasn't slacked and economists are sure a recession can be avoided and we have the latest on what that means for the fed's rate cut time line and for the markets overall. plus

here's how leon tapatian, ceo of nucor put it, that's our largest steel company. american steel industry is still on the front end of mega trends, working their way into steal markets we're starting to see some increased activity in certain markets like bridge and highway, semiconductor chip players, ev factories and renewable energy." he went on to say that the strongest growth is coming from the sharp roiz in advanced manufacturing and infrastructure investment both expected to rise double digits over the next two years, end quote how about tt, terrain technologies which shot up 7% on the strength of its heating, ventilation and air-conditioning businesses involved with infrastructure ceo david regneri. qu0e9 global commercial heating and air-conditioning markets continue to be robust. we're thriving in key verticals such as data centers and high-tech industrials, end quote. this remarkable company saw commercial hvac bookings mid teens and even stronger up mid 20s. that's incredible. by the way, i expect similar numbers from carrier reports next tuesday carrier

we spoke to newcorp last week and one of the things nucore said was the business you're in machinery't you. i think when i see supply chain ease, what that tells me is gross margin going to get better this year which matters tremendously, and also i think you can meet the demand of the hottest units. >> well, we have been working very hard to increase the resiliency of our supply chain and we're continuing to work on that. as i mentioned, we had seen supply chain conditions ease, but we also talked about the fact that we are still facing some constraints around large engines and that has an impact on power generation, oil and gas and a bit in our larger machines. again, we feel comfortable where we are. we're making the right kinds of investments to continue to profitably grow our business. >> let's talk about infrastructure. i was surprised actually you didn't need to emphasize frankly because you have core business, but i have to believe when we talk about chips and ira this is not something that necessarily ends in 2024, if anything, seems like it's just starting. >> well, we had