carter braxton worth of oppenheimer. three charts, two of the same timeframe, let's take a look and we're in the long side here. we think things look quite good. minor trend line in effect since the lows, what's important is that the stock has been outperforming the stock market. it's up since september. market is down hard. relative strengths, important. it's right on the trend line. next chart, same timeframe. you can draw the lines a different way. same timeframe, same chart. you can call it head and shoulders bottom it broke out at the neck line. when you fall back to the level from which you broke out, it's a great pivot point to get long. a little bit longer-term, this strength of late, has taken us out of the down trend that's been in effect for the last two years. we think you're headed towards 13. >> all right. so technically, it's setting up nicely according to carter. ennis, what's your take? >> i think the stock is built ford tough. i think there's three good reasons to buy this stock.

jerry webman, oppenheimer funds chief economist. we will see you next time. closing bell ringing in 49 minutes. we've lost lsm all of our gains here -- we've lost almost all of our gains here but we have seen that a couple times today. and the president saying americans voted for action, but what is really happening inside the beltway? our rich edson is in there. he will let us know what he's hearing. that's next. liz: the power mover of the hour, we've got to look at kayak. take a look at the shares of this travel website. they are skyrocketing, nearly 28% at this hour. after news broke that rival site priceline would be purchasing the whole company for 1.8 billion dollars. kayak just had its ipo in july. suddenly they are being bought. and the biggest deal to date for priceline. it hopes to use the acquisition to add customers that it works to increase sales and fend off competition, and we can see the shares of priceline while they are down just a little bit today as far as kayak is concerned, those shares of kayak hitting all-time high today. dow jones in

our thanks to carter braxton worth of oppenheimer.oming up next, the final call from the options pits. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. >>> this baboon doesn't monkey around when it comes to parenting. the hairy resident recently adopted a baby kitten that wandered into her enclosure. zoo officials say the friends are inseparable. though the monkey sometimes steals the friend's food. love will keep them together except when it comes to food. time for the final call. scott? >> all about what to do when your stock replacement strategy works perfectly. >> dan in. >> i think american express can fall prey to the outcome of the fiscal cliff. >> mike? >> i want to buy put spreads in home depot. i w

this was something the inner circle around oppenheimer knew. they were to ban nuclear scientists at chicago who tried to reach the white house to say, you really have to think about radiation. then it got to truman -- they did not get to the director of the atomic project. he said, no, i do not know the words, but he said radiation is not a problem. if we bomb japan and decide to invade, our boys can be on the sands of japan a half-hour later at and be perfectly safe. that is nonsense. it was nonsense. that area was toxic for how many years? the gamma rays were extraordinary. it is a bomb that was created by oppenheimer. to do the most damage possible to civilians. he knew what he was building. he threw aside the notion of, let's test it on an island and show japan the power we are making in this bomb. he said, that will not work. he did not use these words, a terror bomb, he had created, but this is something that has to explode in the air -- it will not touch the ground. it will explode and rain down destruction and destroy everything in a 3

today you had oppenheimer saying by apple. it is a great bike. time you should remember that oppenheimer funds are very heavily invested an apple, but they do have a call on the company. american coming anc. that whole division is doing very well, especially with the show with the zombies, what is the name of the show, walking dead. walking dead. i don't watch that show, but i can tell you it is doing amazing for amc. qualcomm is another name on the move. numbers for the chips, smart phones, whenever there. monster still under pressure, not meeting numbers, and still under scrutiny. whole foods, another name saying hurricane sandy will affect their numbers and disruption to about some shopping patterns. dennis: thank you very much. a presidential election brought businesses some of the certainty they have been waiting for which prompted them to start hiring. let's ask former labor department economist actual demand rising which we can do a whole lot about. >> we need some clarity and some coherence as far as the fiscal policy is concerned. and we

our thanks to carter braxtonworth of oppenheimer. [ male announcer ] trading's like a high-speed trainand you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't just deliver news. it's making news. trade commission free for 60 days, plus get up to $600 when you open an account. >>> this baboon doesn't monkey around when the comes to parenting. the hairy resident recently adopted a baby kitten that wandered into her enclosur

there's a lot of use he didn't act like an oppenheimer banker on a plane oh that guy we were in first class that was classy but i never used to work for them you know we did mention a few months ago that every time we try to cover. various stories of selling various collateralized debt obligations that are quote we'll say ok we can never repeat these banker e-mails because they're so foul mouth well in our first headline max foul mouth for your friends workers who warns he will hunt down their families so let's look at this video max of a living bar he's from barclays bank senior forks trader for asia or he was until he was fired here he is confronting construction workers near his house when they woke him up too early. on you. know. yeah that looks like a typical broker's office but you know this is why london is dropping down from being the world's financial center it's going to lose that top spot to new york on kong and even frankfurt will overtake london in a few short years so this is why they that acting out their pathological social they need to call a social order anti-social

let's go to carter braxton worth of oppenheimer. he nailed the direction of disney in the last three earnings reports so where is it going. carter, we turn to you now. >> i have two charts we can zero in on. the first is a daily chart and the thing that jumps out to the eye anyway, how orderly it is. it's a perfect 45-degree angle and what's really important is when the markets sold off in may and june, disney was impervious, now at the bottom of which is a well-defined channel and buy the weakness. long-term chart, disney just broken out from tops that have been in effect since 1998. and usually when a breakout occurs like this it is not contained to a few points. we would play for much higher prices, 57, 58, short term. and beyond that longer term. >> we'll resume the disney trade. >> we want to bring your attention to a headline. the new york city marathon has been canceled. this according to our affiliate wnbc which, of course, is a local news station here in new york, so the new york city marathon has been canceled. we will hav

oppenheimer this morning is saying to buy on weakness. they like the company. they say near-term rebound of 620 and that is where you will hit resistance and we talked about this earlier saying the margins are not going to see the same margins and face intense competition. those things remain but the company is in a competitive position and that is why they are buying on weakness. stuart: down to 549. thank you. we have been talking a lot about this idea of makers reverses takers. people want more stuff from the government and once other people to pay for it. did that swing the election? the judge is next. you know what bill o'reilly things of this. >> there are 50% of the voting public who want stuff. they want things. and who is going to give them things? president obama. stuart: here is what else we are watching. initial jobless claims $3.55 lower than expected but the labor department says and i say claims are distorted by hurricane sandy probably revise upward in coming weeks. friday the unemployment rate went up to 7.9%. are you looking to buy a house? th

we get a call with oppenheimer a little later. let's look at the metals. so much talk about the markets and obama victory and ben bernanke staying in place and another day of gains for gold, $10.20, $17.24, silver and copper high. we're back after this. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, ojumping into the marke hgoes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. melissa: oil prices recovering from a sell-off. let gets to the action, phil flynn of the price futures group standing by. weak gasoline demand and impact. phil: it sure is. it is strange, we're talking all this demand destruction, they are up in relationship to the helium oil market which a lot of this is concerned about ongoing refinery concerns. we saw a the

joining us oppenheimer funds economist. we are in a deeply oversold market.ig question, we were up 29. we were up 39. certainly not in the mood but can this hold? >> i think it can hold. we're going to see some volatility. we're going to have some good days and bad days now and before christmas until they finalize whatever deal they will finalize. you said it correctly. the market is oversold. there are some good values out there. they told us we're on a path that may work. it will stop working at some point and start working again. we'll be back having the other side of this conversation. tracy: will the market fall further though? it is like i said a little bit of a soap opera. the market could very well be sensitive enough to drop more. if it does do you go in and buy? >> i think a significant dip here is a buying opportunity. we sometimes get so excited about this political stuff that we forget that the stock market doesn't discount your political preferences and mine. stock market discounts earnings. if the last four years taught us anything that during

this is a new piece by sarah oppenheimer design is physically for us and when you stand up from the toploor of the wing beckham you can see it's going on in the gallery below. you can see a few visitors down there underneath us. they can also see as. exactly. >> name, a new floor, a new look for the contemporary wing of the museum. >> the lighting system was completely out of date. fluorescent lights and not allow us to show great photographs. the new lighting system, we can show all the very best works on paper as well as the great sculptures and paintings. >> the newly renovated contemporary women opens to the public on sunday. rob roblin, wbal-tv 11 news. >> that's it for us at 5:00. here's a look at what's coming up next at 6. >> i'm sally kidd. a new twist in the petraeus sex scandal. why another top general is under investigation coming up. >> u.s. catholic bishops say it they are on a collision course with president obama. details ahead. >> the trial of a buoy state student accused of murdering her roommate begins today. i will meltzer. 11 news at 6 starts now. meltzer.well [capt

on the technical side, carter worth with oppenheimer and on the fundamental side of the story, nishu with deutsche bank. let me kick this off, what do you think the d.r. horton numbers tell us about that company and the home builders in general? >> the results tell us the housing recovery is continuing. the critical thing is how much a pace are investors expecting? clearly expectations have gotten ahead of themselves and now we're seeing a little adjustment in that regard. >> you don't think it tells us anything that the fundamental story having changed? >> no. there's really no change. it's a question of, do you expect 25% volume growth versus 35%? do you expect 2% to 3% price inveess versus 6%? >> let's look at a few charts. the correlation is 90-some percent. this is a one-year chart. you cannot dwin distinguish one from another. after a big run like that, there's an element of topping out. they discounted a great deal. the longer term charts also depict this. this is a daily. let's look at weekly. that will show also how extreme this move is over just the last year and a half. me

but it's certainly what i think it was oppenheimer in the piece said it's a teachable moment in a lotys, no matter where the storm came from. >> but it's only teachable if people want to learn. >> people want to listen. >> thank you very much. >> sure. >> it's a great piece. i so suggest people go on and take a look at it. >>> ow "newsnation" gut check is up next. do you think the candidates are focusing too much on ohio? that is our gutcheck question. does ohio matter as much as everything thinks it is? >> democracy plaza is powered by windows 8. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. but kate -- still looks like...kate. nice'n easy with colorblend technology gives expert highlights and lowlights. for color that's true to you. i don't know how she does it. with nice'n easy, all they see is you. busy in here. yeah. progressive mobile is... [ "everybody have fun tonig

morgan stanley, oppenheimer, earliey on in the process. is that a bad sign even institutional investors who were longer term investors have already jumped ship? >> given where the stock has gone, people are not yet there clinging and waiting to sell. yes, i think a matter, you don't want to have people are kind of pent up sellers, potentially coming after the facts. so, yes. >> you hit on something that's really important about facebook. the ceo told you he's not going to run the company for wall street. what are the investors you're talking to looking for as the signal? we might have seen it this summer a little bit. they started the talk about how they're going to run the company. maybe on a quarterly basis. what else do they need to do in your eyes or investors' eyes to make people believe that? >> look, i think you have to look at things that are basic to the business. not just is management going to talk to wall street in nice tones? i think it's a matter of user intensity. can you get some faith they're actually not losing that, that

oppenheimer analyst stepped in and says the saleoff is overdone. they're urging clients to buy apple at these levels. stuart: it always bounces, not always, but in the past the last few years every time it bounced down it came up nicely again. it is i want to leave time to tell us about disney. what is with profits, what is with the company as business? >> they missed on revenues last night when they reported earnings. that is the biggest problem. disney a dow component essential to the performance of the dow jones industrial average. it is down 6% at the open at just over 46 bucks a share. they reported that, their sales missed estimates but here's the bottom line. they reported improvement in their media networks, their cruise lines, their theme parks. there was a lot of good news in the report. stu, investors see the fact that sales missed estimates and they're hammering on the stock this morning. stuart: that is a big drop for a big company like this. 6% is a big drop. dow stock as well. thank you very much indeed, sandra. >> thank you. stuart:

joining us from chicago is brian nagel from oppenheimer, thanks for joining us on this post thanksgivingmay mean or not mean in the past let's say 12 hours? >> by most indications i've been watching your show all morning, shoppers are out there. it looks like the start or the beginning a strong black friday. i always keep in mind when i think about a company like best buy that this is just one indication of the holiday and a lot of times in the case of best buy they're sacrificing margin to drive cap or capture market share. the holiday season is long and we have today and all the way through december 25th and thereafter it's only one indication. >> we've asked dana this question, the winners and losers, top three winners and top three losers. >> i have a hard time seeing how consumer electronics retail wins this holiday season. we'll see a lot of traffic numbers. at the end of the day margins will be under pressure. best buy, hh gregg, they're losers. tiffany's sets up really well. it's not really a black friday type of play but they set up well for the holiday, if for no reason they ha

joining us is brian nagel of oppenheimer.o stop for quite a while, keep waiting to see when the turn comes. same-store sales were down better than 26%. >> the bottom line is we have to wait a bit longer. this quarter was undeniably weak, really across the board, 26% decline in comp. store sales which i think is the key measure of most any retailer. if you look beyond the income statement further down, gross margins were weak and expenses weren't that great. the only positive in the press this morning was that the company did say they remodeled areas of the stores continue to attract well and they said something they're tracking better than initial projections. >> 26% decline in same-store sales, total sales were also down by more than 26% so i guess you'll eventually get to a point where the same-store sales won't be dropping off of that but that's off of a lower base. when do we see the turnaround that's been promised for quite some time? >> i think and i've followed jcpenney for a little while now and attractive longer term

four days, looking the at things such as the longest lines, units per transaction, and so, the oppenheimernd don't forget, abercrombie has hollister, which is a very popular brand as well, under its umbrella. so, this is why this comes out as a clear winner during the shopping season and anntaylor came out the real loser, the traffic never fully materialized and it's terrible. you know, when it's like we're talking about the holidays, long lines here and wal-mart is doing great and then hear anntaylor, boo, a down arrow. >> all right, nicole, thanks a lot. time is money and here we go again this monday morning, 30 seconds of what else we're watching for you today. a company in ohio required all its employees to get the flu shot and it's fired 150 of them for not complying, can they do that? judge andrew napolitano weighs in on that. is california a test case for the rest of the country when it comes to a carbon tax? the formerly golden state's cap and trade auction very accessful apparently and brought money into the government. we'll talk to a leading analyst about that and is america bec

the bailout ad that we have out there that mitt romney is trying to push this dishonest ad eric oppenheimer't have to be held accountable for what he says? >> bill: yes. >> apparently he is because he is running this ad. >> aria writes even if obama walked on water or turned water into wine, the right wing would still talk down to him. >> i don't know about that. if you can turn water into wine, that would be -- >> pretty impressive. >> bill: he wouldn't be the first. [ laughter ] >> bill: we are five days from election day and chris as you know, one of the big issues, real issues, not just imagined issue, attempts by republicans a lot of it fueled and funded by the koch brothers to suppress the vote in state after state after state after state the naacp has been very involved in efforts to stop these voter suppression efforts from the beginning. they've now teamed up with the nea. president dennis van roekel, good friend of the program, on a measure to make sure that people know what the rules are and get out and vote. the president of the naacp our good friend ben jealous joins us on our

oppenheimer downgraded the stock.own for 38. >> we are also watching a chemical fire burning at the site of a train derailment in northern kentucky. there are evacuations in the area. hundreds are forced from their homes and louisville area. they are trying to put the flames out from the tanker. first it was irrelevant than the welders were tried to separate the cars and that is when one of the cart with the chemicals inside caught on fire. the chemical that is burning is colorless and flammable. ortiz said they will attend to let it burn itself out and keep water on it to keep the flames out but not now how long it will take. >> now a quick update on decision 2012 we have live pictures out of green bay wisconsin were president obama is back on the campaign trail today. today he spent the last day moderately feathered. understand he will have star power with him today at this morning's rally. the packers safety charles woodson are reportedly scheduled to make an appearance today. was it that fact is out to be true. >>

. >> oppenheimer likes tiffany. >> i think high end is doing pretty well. >> and credit suisse says rowaneap. >> it's simple. >> how will you shop last night's show tonight? >> it blew me away that conagra said people are playing for dinner. the contrast of what the fiscal cliff really means which is that maybe not that wealthy people -- really poor people don't pay a lot of taxes in this country. middle range people are the people who conagra is talking about. they are looking for bargains for food. >> you are pessimistic that a deal gets done by year end. a sell-off like today and this week is reasonable to you. >> i trust warren buffett so much and that interview today, a deal could happen in january and that's a big change at the margin. >> we'll see you tonight on "mad money." when we come back, we're going to get new home sales numbers and a lot of people hoping they're good given the fact the dow is down 62 points. back in a minute. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hu

oppenheimer technical analyst came out with a note saying that any bounce that we'll see is a rental.hort-term bounce we see within a broader pullback in the market that has been about average when you take a look at the past 12 corrections that we've seen since the bull market began. is that what we're in right now just sort of an average run of the mill pullback? >> i don't know. i'm not a technician because half of that stuff is predicated on momentum continuing and half predicated on momentum reversing and knowing when to apply what is where i don't see it will pick up in the fourth quarter or first quarter. it can improve after the april earning season. i don't see corporates really signaling they are optimistic about things recovering very much. i want to keep conservative in the portfolio recommendations until we get more clarity on fundamentals improving. >> so what does at that mean in terms of where you're recommending investors put their money especially if you have this dismal outlook for the economy where we won't see growth for the first half of next year. >> economic fo