phil flynn, i want to bring you in. another story in the markets today, this move in the chinese stocks which i found interesting considering we are still a little shaky on our trade agreement between the united states and china. but at this point, despite the rhetoric, we are seeing a move into the chinese markets by u.s. investors. what do you make of that? >> you know, i think they don't want to fight the chinese bank and there was a report yesterday that china's telling everybody hey, we are going to do more stimulus, we are going to be buying our own stocks so why not front-run them, right? that's why people are moving into that market. really, it set a positive tone for our markets as well. it's a reminder that global banks around the globe are going to do whatever it takes to keep the economy going. then that circles back to the united states, that fantastic number this morning of non-manufacturing. listen, the surprise index, we are surprising to the upside and that seems to overshadow some of the negativity abo

cheryl: another gorgeous view from phil flynn in chicago. phil, teddy, guys, thank you so much. appreciate it as always. all right. >>> we are waiting on this event at the white house. we will take you there as soon as it begins. we are watching the dow right now. big board on your screen. we are down 281. the sun is shining on the solar industry as the top two companies in the residential solar panel market announced a merger today. they agreed to a $3.2 billion deal. actually, let's take you to the white house right now. president trump is now stepping out into the east room. here we go. >> -- and for those of you that this is the first time, i know exactly what you're thinking because i was here first time and it was still something i'll never forget. so it's great to have you. and our first lady and i are pleased to welcome everybody to this wonderful place and discuss the vital importance of safety and reopening america's schools. we want to reopen the schools. everybody wants it. the moms want it, the dads want it, the kids want it. it's time to do it. you know, our mortal

let's bring in our traders, teddy weisberg and phil flynn. teddy, first to you.ow should we prepare for the coming quarter? history tells us at least for the s&p it's going to look like a pretty good market. >> well, you know, we can get in real trouble when we look at the crystal ball and try to guess where we're going. the reality is that there are still huge issues out there. there's second quarter earnings which we'll start to see in just another week or so, and we know they are going to be bad. the question is how bad. then there's the possibility that will spill over into the third quarter. we have the election results or the election coming in november. it's not that far away. the polls clearly are tilting towards a democratic win, not a republican win. and then thirdly, it's the whole issue of this vaccine, when it will come, will it come, perhaps that's the real game changer in the mix. we know that markets love to climb walls of worry and certainly they have been doing that since late march. the big question is, can that continue because these issues, t

tim anderson and phil flynn. guys, tim, flows can go in two different directions so tim, what are you seeing on the floor of t of the nyse? where are investors getting out and where are they going into? >> talk about big tech first because you just talked about it for a couple minutes. i think investors are pretty much where they want to be in that space right now. i don't see them exiting but i don't see them adding significantly to their positions. keep in mind that most of these big investors have big enough egos to think that if it comes to an end for big tech, they will be able to get out before the real decline takes place. but where are they going in? certainly consumer discretionary and cyclicals look like they are just starting to percolate the beginning of a pretty good move, especially given the fact that sure, we are going to have some stops and starts with the virus and everything, but the economy, all the numbers on the economy have been much, much stronger than all the economists have expected. and

scott redler, phil flynn. phil, these measures don't necessarily have to be pegged as stocks, do they? >> no, they really don't. in fact, some of the best hedges are outside of the stock market right now. take a look, for example, at gold and silver. they have been incredible during this comeback in the stock market and they act as a really strong hedge in this situation. you have central banks around the globe printing a lot of money. you got historically low interest rates and this could be the beginning of a long term bull move, not just a short term thing. you could see a scenario where the economy starts coming back and that's going to be inflationary and that's going to help drive gold. but you could also see a situation where we have a pullback because of the covid virus. it would mean more stimulus and that's another reason to be long gold. so the fundamentals right now are so bullish for gold. if i had to compare recent history, look at the chart in 2008 to 2009 in gold, when we had the financial crisi

kind of interesting as we bring in phil flynn and jackie deangelis to talk about the market. dow is up 277. nasdaq is pulling back a little bit. that is the story, jackie, i thought at the would be here at 11,000 the way things were going but what stands out to you? >> markets are definitely on fire, connell. we keep getting all the headlines about positive, encouraging data with respect to the vaccine for coronavirus. market the definitely like that. it will be a piece of the puzzle. i want to emphasize the fact that this will not be a magic light switch. we're a nation in crisis here. we've got the coronavirus pandemic. we have people fearful. we have an economy trying to rebound, but at same time there are forces pulling it back and holding it back. we have crime and security problems we have to deal with. the vaccine will help a certain part of the population. but it will not help everybody. so i've been talking to a lot of folks what happens now? how do we move forward? as states start to reopen, connell. people have to act responsibly. they have to change their routines

tim is timothy anderson and phil flynn.re there stocks that you know of that could really benefit if we get 4.0 stimulus? >> i'm a little bit of compliance as you're getting into specific stocks but i would like to talk about sectors where it looks like the big doe mega institutional investors have been rotating since beginning of the month, it's also the beginning of the second half of the year for their performance numbers. that would primarily be the industrial sector in the material sector. and we kinda know industrials and materials are chemicals. and thanks to going to making other things. those were two of the best-performing sectors of the s&p 500 last week and if you add to that, energy up 5% today with oil trading over $42, not to get into phil's territory but those are three real serious cyclical sectors of the market that investors might be looking to to take market leadership role if the nasdaq mega cap stocks that have been driving the big rally are going to run out of steam a little bit. liz: as we look we ha

we've got john gagliardi and phil flynn with us. guys, great to see you on this friday afternoon as we finish out the final hour of trade. we are seeing the markets drop again with the nasdaq doing its first back-to-back loss since early may, thanks to some of these tensions with china. the question right now is what are you watching and what do you think potentially could happen if this already fragile situation increases and those tensions heighten? >> well, i'm always looking for the strengths so to me, there still has been the nasdaq 100 of all major indexes followed by the s&p and then the dow. those titans of industry, we've now got tesla in the top ten of the nasdaq 100 as a new entrant. we will see a lot of turnover in names there as this new economy rolls out and it is the new wave of the future. jackie: phil, let me ask you about earnings season. s&p 500 companies are seeing their profits cut by 47% was the last statistic i saw. this is all as a result of the coronavirus pandemic. as these earnings come out, yes, the estim

let's get the latest on it from phil flynn. an interesting development that is not really noticeably benefited natural gas and or certainly dominion. what do you make of it? >> warren buffett proves the best time to buy is blood on the streets. if you look at the global map for ---neil. prices are low. there is oversupply but warren buffett -- energy future is going to be natural gas. i have mean that is going to be the future in a world where we're concerned about global warming, we're concerned about climate change. natural gas is that bridge fuel that will get us to the nexentry. we can talk a lot about other energy resources across the board. the only one really viable to replace some of the dirtier burning energy sources is natural gas and that is a big deal. but, at the same time, it comes on a bad day for pipelines, neil. dominion sold their assets because they threw up their hands because they couldn't get approval of the atlantic pipeline. now we're getting a report, that the dakota pipeline is getting shut down and ha

sarge guilfoyle and phil flynn are with me. sarge, what did you think about obviously the jobs report this morning and what really stuck out to you? >> well, i mean, i'm impressed with the headline numbers. like you said, leisure and hospitality came a long way back. retail also came a long way back. those areas are problematic for me because a lot of states obviously have to roll back their reopenings or can't move forward with further reopening of their local economies. so continuing claims staying above 19 million, that's a problem for me. initial jobless claims staying around 1.4 million is also a problem. i see the economy moving, not continuing on the v trajectory it was on, moving more like a reverse square root symbol, more sideways, halfway up type of thing. unless we can get niece rithese infections and hospitalizations under control, unless joe biden starts doing more poorly in the polls, because let's face it, nobody wants higher taxes, nobody wants more regulation, then we have to look forward to stimulus from the

stephen guilfoyle and phil flynn. guys, is the tech play including apple running out of gas and if so, what's the better play? sarge, you first. >> it's okay if tech goes sideways to slightly lower for a little while. i wouldn't mind that myself even though i'm a little tech-heavy. as for the apple call, i think goldman is accurate here. i don't know if i would sell the shares if i was long them but i am willing to pay $345 for these shares. i am short july 31st, 345 puts right now. that's where i'm willing to go out on that risk. we get to next week and these puts expire, i will roll them over and get short the august 21st 350 puts because now, the 50-day simple moving average for that stock is up to 349. what i'm willing to pay, where i think support will come in, moves a little bit higher. goldman's right, there will be pressures on margin, there will be pressures, but you can find a technical gain and expose yourself to risk at a later date and get paid to do it now. liz: i sort of feel like any real meaningful dr

phil flynn and bmo low volatility equity fund portfolio manager, ernesto ramos. you have a pretty broad-based rally here. the nasdaq moving higher by 38 points. this is, what, as we said, the 10th out of 11 or 12 up day moves here and moving up from the march lows, knowing that, what's the trade you see investors making into and out of? >> i think obviously stocks are higher with the poblssibility o pharma. some of those are materials, some are commodity stocks which we like quite a bit. take a look at caterpillar the last couple days. that's a stock that's really shown some signs of life. we are looking at precious metals on fire the last couple days. some of the mining stocks are going up. as we start to pull away a little from the nasdaq because it's so far ahead of some of these traditional s&p 500 stocks, traders are starting to look at what's underpriced in the s&p 500 because there's an expectation that that price is going to start to come in a little bit. the nasdaq is on fire, s&p has been lagging. there's an expectation that's going to tighten up so the

phil flynn, today's "countdown" closer, give me your thoughts especially with very optimistic news coming from the president who is at one of the locations where elements for the bill gates backed vaccine trial are really happening at a faster speed than we've ever seen for most vaccines? >> i thinks, liz, one of those rare combinations you can buy both and still be in good shape because there are reasons to be long both of them right now. of the answer to that question is global economic stimulus. low interest rates, which can support both stocks and precious metals right now. if we get a vaccine, this is going to be explosive to the u.s. stock market, because when you have a bunch of stimulus to keep the economy afloat, keep things moving along, and you have an end endgame possibility of a vaccine is available next few months that will change the landscape and create bullish momentum. that doesn't mean precious metals are bad because look what we've had to do to get the stock market somewhere it is. unprecedented trillions and trillions of dollars around the globe. that will be very bul

tom hayes and phil flynn. tom, i will start with you. the semiconductor sector has had some real doozies here. nvidia, nxp semiconductor, advanced microdevices. look at amd, 134 price-to-earnings ratio. just so you know, it was about a year ago that pe ratios were around 20. so are investors paying too much if they buy right now? >> well, liz, if you look, semiconductors are priced for perfection. banks are priced for the apocalypse. neither of those things will probably happen. this is the epic battle between value and growth and the money moves into growth when people are expecting a slower economy. so when we see cases spike up and people fear regional closings, you see money moving to tech and semiconductors and people will pay whatever they have to to find those small pockets of growth. but when you look at may, when the recovery was going and cases were coming down, we had a huge rally in cyclicals and value. historically cyclicals and value outperform coming out of recessions, number one, and number two, when you look one to two y