robert doll of nuveen is a smart guy on framing the why. he's one of those people that gives you courage to stay in the market so maybe you can make some money with home depot. doll, you know that you have a stock, and then they go up off of news or something. how do you identify companies like home depot or apple that just, every quarter, seemed to do it, and every quarter seem to go up? own both thankfully stocks. these are companies that have fedex that are interesting. second of all, they manage their business well. third of all, they generate a bunch of cash. if you can find companies to do those three things rather consistent, generally you are going to be in shape on those stocks. the home depot news, the walmart news, they are really good business. tom: i want you to speak to the people who are not robert doll. they don't have your experience. they don't have your sense of history. what do you say to the people who missed the boat? how do you get back on board any ebitda that is not in book we studied? robert: you have to agree that

and returns and create meaningful solutions to some of these problems that's how we describe it as nuveen >> i guess the krcritics would a you are not going to make money doing social good, otherwise others would have done it in mass before. >> i would say impact investing is now 10 years old going from niche to mainstream with the growing acknowledgment that people and products are reaching growing themes we have to look at that as a possibility. focusing on growth and making investments in companies that are doing things better, faster and with affordable housing in the u.s. the opportunity set look to understand another part of the market that is not getting capital. we are focused on companies treating that low-income emerging customer. the paying customer that they are but really developing products to serve the needs of the customer we haveclose to 2 billion adults worldwide that don't have access to a bank account that is an immense investment opportunity to device the right product for the customer base. >> i'm going to assume that mobil banking in developing markets would be an i

weert doll of nuveen, continue the discussion this august. this is our simulcast.s is bloomberg. with the first word news, i medicaid -- i'm really could -- i'm ritika gupta. michelle obama described president trump as unfit on the first night of the democratic national convention, blasting him for mishandling the pandemic. >> more than 150,000 people have died and our economy is in shambles because of a virus that this president downplayed for too long. ritika: obama said that trump is clearly in over his head. house democrats will propose funding for the billy gould -- for the beleaguered postal service, part of legislation that would prohibit cutbacks in service before the election. a vote is set for saturday. democrats want the post office strengthened. in california, many avoided a blackout as temperatures fell area they may not be so lucky today. rolling blackouts are designed to save the power grid. is the first time california has resorted to blackouts since 2001. in hong kong, chief executive carrie lam says she's having trouble using your credit cards aft

k t >> announcer: the opening bell is brought to you by nuveen.der in income, alternatives and responsible investing. >>> let's get to a mad dash. i get you are a gluten for punishment with this name, jim, in terms of discussing it, it's always been a battle ground hasn't it. >> a stock that came public in 1999, plug power why i bring it up is because it's a popular stock among younger people people feel just like ev we can talk about nikola, this is one about hydrogen they bought -- i had them on recently, they bought two companies, one is a hide dren merchant company and they have a hydrogen storage business. david, this had adjusted ebitda positive, you like gaap ebitda, didn't money make any money. i think this one flies why does it fly? because this is not the old plug power. they do have -- they have forklift businesses with amazon, home depot and walmart, but this is kind of the market as we don't know it but many do know it a $10 stock that could be the next novavax, the next sorento, that's what people are in for and i'm saying we must ge

. >> announcer: the opening bell is brought to you by nuveen. leader in income, alternatives and responsible investing. >>> let's get cramer's mad dash. watching gm after that two-month high, jim. >> carl, the drum beat continues. break up gm. give us the ev people want ev those two letters together give you a higher priced to earnings multip multiple this morning the always controversial adam jonas, one of the jonas brothers not at morgan stanley said you employed see ultium -- this is going to get the stock going again. carl, gm must keep its mouth shut because as long as they say nothing this thing could continue to percolate. the always unbelievable phil lebeau tells me don't forget red hot used vehicle market not slowing down we know that autos have red hot, jonas has a story about break up value. look, i can't fight it anymore, i like to see buy something on earnings i don't know about gms earnings but on a break up basis snongs the gm ceo says nothing i guess it can be higher. >> we have another spac entrant into the space with canoe as w

. >> announcer: the opening bell is brought to you by nuveen. leader in income, alternatives and responsible investing. >>> all right. let's get to a mad dash as we count you down to the opening bell three minutes from now. the company i'm told you're going to focus on, one you really have just loved, jim, i mean, really, you've thrown so much love their way for so long, i really don't know how you could do even more. >> i'm changing my tune. no >> really? >> i've hated this company i've hated this company and the company is occidental. when oil was at $37, wow, but there is a very -- i mean, minus 37, sorry. david, there is a very compelling piece by jpmorgan where they go from sell to hold and they say it's now in no man's land i think that's true. they've been able to do a refinancing that takes the pressure off i don't think that this is the level to buy it, but i do point out that it's not -- they are no longer going to have the oxygen turned off if oil stays at this level they have some maneuverability, they have one rig going, it's been a

. >> announcer: the opening bell is brought to you by nuveen.eader in income, alternatives and responsible investing. >>> stocks are going to aim for a fresh all time high today, s&p needs about 17 points, futures indicate it's going to get somewhat in the ballpark retail is the name of the game once again this morning, guys. gap is down just a touch remarket, smaller than expected loss, revenue ahead. interesting contribution from masks and they sell about $130 million worth in the quarter. >> yeah. >> ulta will be the real winner as 73 cents beats a dime expected as that business after a couple tough quarters is appearing to bounce back. >> ulta is back which is a fascinating story on its own, but this gap story they made $130 million selling face masks and we are not talking about to the general public, they sold them to the city of new york, california, kaiser permanente. they say we are the number one result if you search facemask style guide on google. is that a sustainable business practice for them to get in? they say it's an example of

. >> announcer: the opening bell is brought to you by nuveen.r in income, alternatives and responsible investing. >>> normally we would have gotten to disney by now, jim, but market reacting well to the earnings last night, certainly the sub numbers out of disney plus as we well know years ahead of schedule and now sell side commentary that reiterates this idea that disney is pivoting to a world in which we do go to heaters and get on planes to go to parks less. >> i think that there are -- look, this was a remarkable call, first of all, because the cost controls -- no one ever thought they could amount to so much i think in a lot of ways because people thought disney was so well there was nothing you take out. this was a cost call, it was remarkable when you get to the point where you actually have to defend that you have so much cash, i mean, just think about it. two quarters ago we were talking about having to suspend the dividend and the dangers that disney was facing. now they've got a lot of money, this he can wait it out, they can do what

. >> announcer: the opening bell is brought to you by nuveen. leader in income, alternatives and responsible investing. >>> two and a half minutes before we get started with the last trading session of the week and a lot of news to take into account for the market, but you want to talk a little zillow on the mad dash. >> yes, david, because there's big implications from the zillow upside surprise which you will see the stock probably up more than any other today the dawning of the age of the aquarius. >> yes. >> rich barton is kaung this the dawn of the great reshuffling and that means covid and work from home policies are inspiring people to rethink their homes and consider moving. yes. people are moving at record rates and that is fantastic for zillow so when you start thinking about how do i play this deurbanization, how do i play this with housing? instead of buying who will brothers or lennar, people are buying zillow. >> and you think that makes sense? i would assume. >> yes, i do i think rich barton makes a very good case, they also of co

. >> announcer: the opening bell is brought to you by nuveen.lternatives and responsible investing. >>> all right. time for a mad dash as we count down to the opening bell about three minutes until we get there. palo alto is the name this morning, jim. >> yes, an old name for you, david, softbank, he took this over, bought a lot of stock at 200, has, i think, made a magnificent turn, he has bought a series of companies and made this into maybe the gold standard for on premise and for work at home cybersecurity david, reports of a blowout quarter. we have ten price target boosts, we've got two other analysts who didn't boost but said this is the one to own this is a new pattern for this period of stocks that have run we saw it for nvidia, nvidia stock was down 8 after 19 price target boosts. we've got palo alto down almost 10 and i predict that palo alto if you buy it with all those price target boosts will work. i think they are doing a great job. i had him on last night, very confident. really doing well with stay at home, work at home, which,

. ♪ >> announcer: the opening bell is brought to you by nuveen.ader in income, alternatives and responsible investing. >>> all right. let's get to a mad dash now. jim, you are going to take a look at lowe's. >> yeah, there is a couple notes today, jefferies comes out and says they have a new tool rental plan but it hasn't been laid out yet, but i mention lowe's because in the old days, david, when there were somewhat obvious trades like a hurricane people would buy home depot and they would buy lowe's i think that these new younger traders they think that they've never -- you know, no one has ever seen anything i actually think they're going to buy lowe's and home depot off this terrible hurricane that's potentially catastrophic and i think you've got to get ahead of them because i do believe that lowe's is a fantastic company, home depot is great and they are always first to help in these terrible, terrible weather conditions be aware i think that they will plow into it tomorrow morning around 4:00 a.m., maybe want to get into it ahead of them. >

. >> announcer: the opening bell is brought to you by nuveen. leader in income, alternatives and responsible investing. >>> let's get to a mad dash as we count you down to opening bell about three and a half minutes from now jim, interestingly, you are doing a name that i was focused on this morning as well. so glad you are going to at least deal with bp in the next three minutes or so. not just the lack of, or the cut in the dividend, but this pivot they're making to trying to be carbon neutral is pretty extraordina extraordinary. >> they are an oil company and want to be carbon neutral. i get that one time exxon owned a tech company. david, get this, because the market never ceases to amaze me in how stupid it is, february 4th of this year bob dudley on his way out boosted the dividend 2.4% to 10.5, 10.5 cents, that's february 4th of this year and the stock went up 4.5% look at this david, they cut the dividend in half and the stock goes up 4.9% will you please explain that to me please, david. >> i can't >> is that any different from the key

futures up 81 s&p futures higher by 22 s&p 500 snapped seven-day winning streak yesterday joining me nuveen what do you make of he resilience. >> three reasons market moving up one looks like a vaccine, perhaps several before the end of the year, certainly some therapeutics along the way the market rotating from covid play to more cyclical play second reason thanks to power of massive monetary stimulus fiscal stimulus we need one more bill economy and earnings improving market obviously, loves that i think third reason, field missing out no an alternative a lot of cash sloshing around earning approximately zero you could earn more than that every week in stock market it seems bonds don't yield a whole lot more the reason the market is moving up in my judgment. >> i am wondering if a return to technology tech stocks whether goal parent or tesla twitter they started to turn negative the last month do you think we've reached a peak here? stocks have been loirl this have entire market now over a year. >> they certainly have had amazing head of steam pushed the market higher i don't think they a