joined by paul hickey, cofounder of the spoken investment group.ive us a perspective how bad it is going into earnings and how it compares historic the? aswe like to track analysts -- sentiment. we look at the spread between positive and negative revisions over rolling month time. what we are seeing now is it has been negative for quite some time. we are near the lowest levels of the recovery. there has only been for other corridors where the you have had more negative sentiment heading into an earning season then we see now. there are plenty of reasons to be negative. strongrope markets dollar. the question here -- here is what does this mean? there is a strong correlation between analyst sentiment and the market performance during earning season. the negative revisions outnumber the positive revisions. positive returns 84% of the time. when they are positive heading into earnings season you can to see the market decline a little over 1%. more recently there has only been one quarter where analysts us -- sentiment was positive. that was the only q

paul hickey is here also, i wanted to get your reaction.usly you can't talk that much about individual stocks but apple is such an important factor. it's interesting that it's not a leader right now in this market. >> it is outperforming the market so far in career. let's say that first. apple is more i think an international story, the international growth. domestic growth in units is a slower rate, china 99% growth. going forward we will have to look internationally here. u.s. market we're seeing smartphone penetration rates high among the iphone versus android and going to the chinese market they view apple as the highest quality, best status symbol, the only issue is the price, but they're willing to pay up on price in order for the status and quality. >> and just to put this in perspective, the collin gill police word on 115 as the price target you are not the norm for the analyst community, 83% of analysts say apple is a buy and the average price target is $147. >> i know. right. yet the stock is sitting right around our levels. >> we

. >> paul hickey. >> guy, you once worked at ups. >> i did it well. you have such sarcasm in that. i got employee of the day. crushed it. >> brown worked for you. >> you worked there for a day. >> so last year the transports had a huge move to the down side in october followed by the bounce. i think we topped out in late november. same thing happened in 2011. the difference this year is the sell-off has been much more gradual. i don't see any reason for the transports to bounce. i get the statistics. it's a kensho thing he did there. i just don't see it happening this year. that's just me one person's opinion. >> another person's opinion is if i was going to pick a sector i think bottomed i would go with energy. no question energy stocks especially high quality ones put in a bottom. semis, the sox is on a move higher. >> how about you? >> i agree with timmy. i do. oil seems to have kind of found a level here even though other commodities seem to be sold off last week. i would say energy. >> oil giving up big gains today. one trader made a huge bet that crude will rally the rest of

paul hickey of bespoke investment group recommends tech investors consider three names right now. lo alto networks, but before committing capital to technology, stovall mentions one strong caveat. he says investors should always look to history as a guide but never take it as gospel. he's, in fact, market weight in part because valuation for the sector as a whole isn't all that attractive he says at 14 times forward earnings. brian, back to you. >> good stuff. >> thank you, sir. >> melissa? >> within technology let's look at the fang stocks. facebook up 14%. amazon up 66%. netflix up an eye-popping 110% and goinging up 20%. should you stick with these names into year end. let's bring in rob sanderson for mkm partners. in a market like this we have seen a number of stocks have done well so far this year become source of fund stocks. is that your primary concern for this group, that they've done so well people want to lock in gains at this point? >> yeah, i think the concern is more broader than that and just where are we in the business cycle and the macro economy and what does it m

paul hickey is here and cocaine contributor stephanie link from tia kref. and christine shore and "fast money" trader gay adami. welcome one and all. did he have, i will begin with you, border thoughts on this market, some big individual moves today. >> there is big rotation going on. we talked about it a couple of weeks ago and it has continued out of growth into value, out of healthcare into industrials. materials, energy. today actually has been consumer staples as well, last couple of day staples as well. as the draghi comments lift aid lot of these sectors for sure. then you had earnings that were not as bad as expected. the dollar has stabilized, oil has stabilized, people are thinking this is the trough in those sectors and they are buying them in spades. >> we will get these earnings numbers to you as quickly as we can. looks like amazon coming out with a 17 cent figure for its bottom line, again, that compares with a loss estimate of 13 cents a share. shares are popping at 9%. we will have more in just a moment. paul, is the focus largely today sti