nvidia had a nice move to the upside. i think nvidia trades up to the high of 26.en the world we live in there's always that talk that somebody might come in and gobble up nvidia. not the reason but it's out there. >> so four on the board for nvidia. which means it advances. >> moving on. >> on twitter you guys said micron. >> we were wrong. >> now they'll go against intel. tomorrow we'll head back to our internet conference with the matchup between sales force and yahoo!. log onto cnbc.com/pro for exclusive previews ahead of each match. >>> all right. the bulls are circling. we'll tell you how to trade mcmoran after the break. and so it begins. with e*trade's investing insights center, you can spot trends before they become trendy. e*trade. opportunity is everywhere. grind virtually any kind of food waste into an unending source of electrical power for a city? when emerson takes up the challenge, it's never been done before simply becomes consider it solved. emerson. >>> it's >>> it's been a rough month for freeport-mcmoran. >> we saw well above average call volum

>> yeah, i'm going with nvidia.orted there were very few semiconductor stocks that could do that, and there's a shift from console gaming back to pc. they reported 13% growth in the last quarter. and 40% of the market cap is in cashier and trades multiple. this is a cheap stock with growth and it's got a great balance sheet. i think you can play this back up to the prior highs about 24 bucks. >> all right. new shot clock and karen finerman, make a case. >> neither jumped out at me, but in the end i went with intel. it was a good piece out by the confession and that's what this is. they hopefully lowered the bar for themselves so dramatically that they can't -- the balance sheet is in good shape, but they'll you the cash for -- they'll use that cash. we see a bottoming out of the pc business, slightly went with intel. >> okay. give me a new shot clock. guy adami? >> we have to go to the audience to break the tie because i'm with dan. intel, they're trying to buy growth. altera, they have not been good so this is clut

nvidia doesn't sell gpus and commercial pcs. great story, the intel deal is the third deal they have. we'll see if they reup the deal. my sense is if intel is not hiring gpu architects they'll have to pay at some point. we'll wait and see how it plays out. we're bullish on the 80% that's not pc related. >> i think you have a $45 price target micron, an 80% move from here. d-ram pricing seem s to be topping out. how do you get to that price? >> so, here's an interesting dynamic. in nand flash, they have a gross margin problem. they can fix that. their margins will grow by a thousand to 1,500 boinlts just on the nan side. the deal on the d-ram side is the supply/demand question, not the seasonality of march or april. it's a structural issue that nobody's adding enough capacity to keep up with bit demand in the next several year, samsung, others. nobody's adding. the mobile space is driving a tremendous amount of d-ram. pricing will come back and this stock will work. >> hans, thanks for your time. his other picks altera and c cave

>> you know, i think we're looking at nvidia. the stock has been a great company.g term it's a great company. >> wait. this is where you're going to clean out. what are you getting rid of? >> getting rid of. >> yeah. >> we want -- >> getting rid of nvidia. >> you sounded so positive i was confused and said you were going to talk about a different stock. >> it's nvidia. >> okay. >> again the company has done well, about 17, 18% year to date. i think a lot of great news is baked into the stock and i just wanted to catch up to where the valuation has it at this point. as a trade, i would be out of it. long term it's fine. better opportunities in the marketplace. >> steve some. >> i would get rid of the dream stocks still egregiously overvalued despite cut in half in price noodles and company and that's the container store. they're just not going to make it. they'll make it as companies but as stocks, forget it. i means the valuations are incredible. commodity business you can buy the goods cheaper in terms of the container store. their represent is ridiculously high r

nvidia losing the license from intel. sometime soon in 2017 or so.'re seeing that concern about it and a lot of these other pc-related -- pc exposed chip stocks. that is really pressuring the index today. >> it is. what's interesting too melissa, yesterday, david of goldman sachs came out with a report that basically suggested you want to buy certain sectors that are going to be heavily influenced by buybacks of their own stock. they noted that information technology had the highest perrage weight of buybacks over the last year, and he was effecttively saying if you buy the buybacks you need to buy t. the market seems to be completely ignoring that today. >> well he is basically saying that we're if anything to buy back black-out, right ahead of earnings season because 70% of the s&p 500 reports during this few week period and so we're in the blackout right now. in addition to technology consumer discretionary as well as financials were the sectors flagged. we love bright spots, right? you mentioned oel. take a look within the oil sector. what is lea

we're going nvidia and micron. the twitter vote has counted to break ties.nbc.com/pro and then also weigh in tonight with their choice on twitter because they have broken the ties here on "fast." >> the people's vote matters melissa. >> it does tonight at 5:00. >> 5:00 eastern. thank you, melissa, and thank you for watching. "closing bell" begins right now. >>> and welcome to "closing bell" for a monday. i'm bill griffeth at the new york stock exchange. >> i'm michelle caruso-cabrera in today for kelly evans. we continue to keep a close eye on the nasdaq moving in and out of positive territory today within striking distance still though of that all-time high set more than 15 years ago. >> just think, i think you and i were doing "power lunch" when it hit that all-time high at that time. >> do you remember pets.com the craziness that was. that was fun. >> but are we at that crazy level again? doesn't feel like it. >> it doesn't feel like that. the valuations aren't the same. we're not talking about eyeballs anymore.

they could face nvidia or micron.d tweet us and we will incorporate the viewers' choice as well. >> the winner would ultimately be -- and folks at home listening, we do not practice this stuff at all. it probably shows. the winner would be the company of which your traders can vociferous lick makely make the best argument for. >> we're taking an actual vote. >> you got a little supreme court going on there too. you can't have a tie. who is on the other side? can you scootch to your left? joosk. i feel like vanna white here. >> i'm going to pick a winner. >> we have social we have hardware. are you picking like an ultimate winner? >> i'm just kind of off -- i think -- apple would be the kentucky, if you will, of your bracket. gosh. i'm going to go with facebook. i think facebook ultimately wins the whole doggone thing. >> facebook. i'll hold it to you. >> arizona in the basketball turn tourney. thank you for watching. "closing bell" starts right now. >>> hello and welcome to "the closing bell." i'm kelly evans on this

. >>> tesla's ceo elon musk set to take the stage in less than one hour at nvidia's technology conferencen san jose. shares down more than 10% this year. what do investors want to hear from him. you guys, anybody own the stock? >> no. >> no one wants to hear anything. >> it's in the middle of its range. under the radar. three trades you may be missing today. pete, what do you got? >> burlington, this is a name that almost i have not heard it talked about on television ever. you look at the last year the stock up 100%, beat on earnings, on revenue. this is another one of these discount retailers, really well run, the company is just absolutely killing it. they're in the right spot an obviously when you have the right items you're doing extremely well right now. keep an eye on burlington. >> you look forburlington. >> i think you look for retail stocks. oil going where it is, unemployment better, you know, add on to what he's saying, you've got macy's, nordstrom's, hudson bay, those are the companies we're watching. >> retail? >> vice. >> specific retail. athletic gear retail. that kind of

so does nvidia on a b of a upgrade reaching a new high one of the few we continue to see fewer new highsse days when you get the washout days. also bucking the trend today, it's interesting the diet drugmakers, rbc out with a note, vivus said it's challenge by teva and others for a generic version of its diet drug. rbc doesn't believe they will see anything hitting the market for 18 months. they reaffirmed their rating on vee vus but said vivus should get a partner to market the drugs better. all of its peers are looking fatter while the rest of the market is thinner. guys? >> yeah. health care, the best performing sector of the year, up 4%, year to date. bertha coombs at the nasdaq. meanwhile the dow down triple digits right now, just hanging out about a point below its 50-day moving average. s&p is negative by about a percent as well. jim is pnc asset management chief investment officer. jim, much of the decline today is being attributed to the strengthening dollar, further slide in oil. i'm wondering if you think today's trade is something we should get useded to as experts continue t

our first matchup is between nvidia and intel.bc.com/pro for exclusive pr e previews ahead of each matchup. >>> coming up, on a day where chipmakers are feeling the pain, we'll tell you the one name that traders are getting bullish on. that's right after this break. is here and it's free! make faster, smarter, better trading decisions with vectorvest mobile. the most powerful app or managing your portfolio from the palm of your hand. only vectorvest mobile analyzes, ranks and graphs... ...over 16,000 stocks worldwide, everyday,... ...and gives you clear buy, sell, hold recommendations... ...on every stock; anytime, anywhere. vectorvest mobile comes free with your vectorvest trial. get it now! visit vectorvest.com/mobile to get started . >>> after a big sell-off, qualcomm managed to bounce its from lows, and traders are betting there's more upside ahead. dan nathan is here with the upside. >> call volume was two times that of puts today. there was some interesting call volume that caught my eye. this happened when a lot of the semi

nvidia is trading at a four-year high. those are the areas of green we are seeing. overall, it is a negative tenor to the markets today. stephanie ruhle: maybe that's an opportunity to buy. thanks to julie hyman. erik schatzker: this is a question every american should ask. did republican senators go too far morning iranian leaders that any nuclear deal won't be honored when he leaves office? not because the answer is easy but because the stakes are so high. the headline in the new york daily news calls the senators traders. both the president and the vice president responded angrily. peter cook is on capitol hill with more. let's begin with the question. did they cross a line? is there any precedent for a letter like this being sent to a country like iran? >> not that i am aware of on capitol hill. i can assure you that is the view of the white house and a lot of democrats are in congress. even some republicans, there are questions about whether they did more than just state a case against these negotiations. did they cross the line? did they undermine foreign poli

high inventory levels at the top five customers, most notably qualcomm and nvidia.in january and they don't think order cuts from qualcomm or media tech are factored in. >> new mirror report says taiwan sem semi has a strong probability of but the apple 10 chip. >> diamond rock hoss pipitalityhospitality. upped to a buy from a neutral. too much negativity around the stock. their target is $16 a share. >> a lot of hotels are the upper end. interestingly, $1 spend on these stocks would have been a better dollar spent than on diamond rock hospitality year-to-date and for the past 12 months. coming up next we'll get back to the big story and that is of course apple's new watch. did it imprets ourss our experts? >> did it impress you? back in two. retirement account. before he opened his first hot chocolate stand calling winter an did it impress you? back in two. and before he quit his friend's leaf-raking business for "not offering a 401k." larry knew the importance of preparing for retirement. that's why when the time came he counted on merrill edge to streamline his i

and even the semiconductors are doing well intel is not having a good month, but cypress, nvidia up nicelyarmageddon in the commodity complex. just right across the board. no bounce in the gold miners. metals are down today. you know what's going on with oil service. and the strength continues today. let's talk about fedex, because interest thinkings go on with fedex. beat on the bottom line revenue were light on the top line. i want to show you the volumes. the problem here is we've got fuel lower fuel surcharges unfavorable currency rates hurting them. look at volumes for fedex, put up the screen, u.s. domestic up 4%. international economy, up 4%. those are pretty good numbers overall. international priority was on the flat side. i don't consider that very bad. very very slow global environment. for the guidance right now talking 88 to 895. if you put uppernings earnings, look at those, 623 for 2013 6.75 for 2014. estimate analysts have 8.97. maybe below expectations but look at the run this stock has had. the stock was 100, what a year ago. now talking the $170. that's remarkable run. a

urban outfitters at a new high along with nvidia.techs the big cap biee techs have held up well. they had a reversal. smaller caps are under pressure. watching a couple names that are moving higher today on huge volume. one of them acadia. the company pulled out of two conferences this month one of them today. that's leading to some speculation there. >> thank you very much. >> the other big feature today, crude oil falling sharply as well over at the nymex. jackie deangelis, what's going on there? >> good afternoon today. we saw sharp selling pressure in crude on both sides of the atlantic today. w ti was down more than 3% and this was all as a result of the strength we saw in the dollar today. so mild selling pressure to start the day and then you could see as the dollar continued to strengthen we did see the selling pressure in crude happen at the same time. traders are saying this could be the catalyst that gets us over the hurdle and breaks us out to the downside because certainly even though we're getting bearish news on produc

. >> but on "fast money" we'll do it with stocks and match up nvidia and intel. >> thanks for watchingme to "the closing bell," everybody, on this friday. i'm kel i evans. >> and i'm bill griffeth. by any stretch of the imagination this has not been a great week for stock market bulls. if it doesn't finish in the green, it will have lost ground each day this week something that hasn't happened since march of last year. also we have two more trading days, of course, in the first quarter of this year monday and right now the s&p

. >> but on "fast money" we'll do it with stocks and match up nvidia and intel. >> thanks for watching, everybody. have a great weekend. >>> yes, hi and welcome to "the closing bell," everybody, on this friday. i'm kel i evans. >> and i'm bill griffeth. by any stretch of the imagination this has not been a great week for stock market bulls. if it doesn't finish in the green, it will have lost ground each day this week something that hasn't happened since march of last year. also we have two more trading days, of course, in the first quarter of this year monday and right now the s&p is just about even for the quarter. it is in danger of snapping an eight-quarter win streak. the final hour of course usually has some accelerated moves so don't go anywhere. we're still positive right now but not by a whole lot. >> we have seen that the last couple sessions where we hit the lows going out. something for traders to keep an eye on. you'll want to stay tuned for my exclusive interview with chevron's ceo john watson. he says oil below $50 could be with us for two more years. you'll hear it all

ceo elon musk speaking at nvidia's conference in san jose later today. >>> we've got more month teslawe haven't seen many catalysts from the company, so folks are speculative around demand and the lack thereof in china and issues with respect to longer-term demand outlook. this is a very important opportunity for tesla to draw its attention backer to where they stand from a competitive standpoint with range. >> the magic technology? >> we were at the factory last week. i think we -- one 0 the things we saw with the transition from the fourth generation to the fifth generation battery cell technology, we think they're going to slow they have further extentded leadership with extone range. the most important catalyst for 2015. >> missteps in china, are you feeling okay about some of that? do you think it's worse than we know? >> i think it might be worse than we know worse than what tesla eluded to midpoint last year. that also assumes the rest of the global demand for model s is worse than we thought. i don't think that to be the case. plenty of offsets globally. one issue we're taking