take profits here in qualcomm if you are long. when i say cheaper i mean 450s. if you don't like that idea, buy it on a break. in no man's land. >> playing the apple supply chain isn't always emerging. they squeeze the crap out of every supplier that they have. you know what i mean? so at the end of the day, a lot of times we saw broadcom pronounce better than expected revenues in september. they sell into the iphone 4s. they had a good sense what their units were going to look like. when they report tomorrow, you could see those better than expected revenues on weaker earnings. >> on one of the conference calls today, isn't the expectation for china already baked into the stock? i mean, is this -- is this already in there? >> potentially. i'm a little nervous about apple. we did sell some 450s going into the earnings. so we'll have some called away at february expiration if it's above 450. it'll just kind of be sideways until the next catalyst. ipad 3 launch in march? maybe that's it. i don't know. i feel like i wouldn't jump in here. >> it's interesting becaus

>> i've got to wait to see qualcomm. it's going to be good, but then what happens, you go to@jimcramer on twitter and people say hey, cramer says buy, buy, buy. no. i want to wait and see what they say. let's go to rich in arizona. >> caller: boo-yah, skedaddy. >> how are you doing, rich? >> caller: everything is great here in northern arizona. t t-e-x. >> i think that terex -- i like the other more than terex. casey. how about casey? >> caller: a big sunny boo-yah from the pacific northwest. >> beautiful out there. what's going on? >> caller: the company i'm looking at is guidewire software, twre. >> i don't know it. i don't know guidewire software. i've got to sic the team on it. don't know guidewire. got to come back. john in maryland. john. >> caller: hey, jim. >> o, john, what's up? >> caller: i want to give you a boo-yah. >> excellent. >> caller: my stock is poly com. >> you know, it was a bad quarter. we got crushed on this one. bad quarter and then good quarter. you know what i feel? it's too hard. this is that v

. >> i'm going to look at qualcomm going into next week. >> patty edwards. >> take a sip of starbucksd. i'm long it. only purchase in the last couple weeks i feel good about. >> dr. j, we're talking about rim. the new ceo was in cnbc yesterday trying to sell us on this fact that he can turn this company around. showed off some new products. the new playbook 2 looks pretty good, biggest problem though doesn't say apple on it. can they overcome that? >> yes, they can. and i do think there's a lot of value in this one. watch it. i would be taking a look at rim right here. >> you would buy the stock? you'd be willing to take a bet on these shares? >> i would but i was out at t

. >> technology, apple, qualcomm, intel. these technology stocks, maria. >> david, todd, good to have you on the program. we so appreciate your time tonight. thanks, guys. >>> despite the recent pullback, the s&p 500 is still up 4% for the month of january. historically, strong january, bullish side for the year, they say. we'll show you why the january barometer may leave investments out in the cold this year. a lot of extras to put into the equation. brian shactman monitoring the after-hours action right now. >> we are focusing on amazon. a lot of after-hours action. we'll update the price and talk about whether amazon actually has a revenue problem. we'll have that for you next in the "closing bell." >>> lots of movers in the after-hours trading session. amazon stock on the move. >> let's reset people on amazon a little bit. eps was a beat in revenue. light by almost $1 billion. with all the investing they talked about in the past, it's been more the opposite. guidance indicates that will continue, low end of guidance in

. >> is this good news for qualcomm which reports tomorrow? >> you would think so.dance. there was real concern the guidance would offset the tail wind it was getting. i'm out of the stock. i got out of the stock. i'm going to miss this one on the open tomorrow. i don't disagree that maybe you take a second look at this and don't rush in. >> let's move to our next trade now. stocks kicking off 2012 with a bang. will the rally continue? and which part of the market should you expect to outperform. let's bring in president of bollinger.com. made so much of this. and as i understand it at the close the s&p actually did attain that golden cross. do you read too much into it though? >> no. this is the perfect example of the tool and task being mismatched. the golden cross is a great tool in a big roaring boom market like the boom market from 1982 to 1998 where it tells you when you're supposed to be in the market and when the risk is somewhat higher and such like that. in a sideways market we're in, the golden cross will get you in toward the upper end of the range. tend

>> we've talked about both, broadcom and also qualcomm, later this week. >> do you think amazon is goingrise after the bell to the upside? >> i think collins' points are good. they're going to do whatever they want to do today. >> way to take a position there, zach. >> i'm long the calls. >> patty? >> amazon looks interesting but i wouldn't be putting a lot in there. i would be tip-toeing into nike. >> b.k.? >> xlf. >> and regions, not saying short them. more opportunity ith

finally, qualcomm and apple. why them? mobile's the real growth platform for facebook. they tend to be twice as engaged. >> quick laundry list of other companies that might be in the pipeline to go public in silicon valley later this year? >> oh, well, i mean, so many of the public companies -- private companies out here from your twitters and others, could be lining up to do that, but those are exactly the ones who would want to stay away in a situation like this, tyler. >> thanks very much, jon. >> meantime, the government may be getting ready to pump more money into the mortgage financing giants, freddie and fanny, our real estate correspondent, diana olick, is all over this big story for us. >> that's right. the obama administration's announcement that it is broadening dramatically its mortgage modification program is all about getting fannie mae and freddie mac's regulator to agree to principle reduction. so far the program has helped far less than the 3 million to 4 million borrowers it predicted years ago giving about 750,000 people permanent mortgage repayment r

you have dell up 1.5%, apple, another 1%, over 450 a share, qualcomm, third of the upside, microsoftding toward $30 a share, key level, talked about a lot with that company, less than 50 crepts away, ibm toward $200 a share, up another 1% on the day financials weakest all day broad based, real estate with cb richard ellis down 4%, credit cards from capital one, bank of america down three, nyse euro next, 2.25, asset manager, t rowe price 2.5%. back to you. >> thank you a quick break, then the closing count down after the short break, dow industrials down 15 points, after bell, they maybe outperforming the mark threat year but we will hear from one asset manager who says financials are still cheap. that on financials, stay with us. >>> take a look at the averages. nine minutes before the closing bell. first in business worldwide. has for common sense. used to be we socked money away and expected it to grow. then the world changed... and the common sense of retirement planning became anything but common. fortunately, td ameritrade's investment consultants can help you build a plan that

qualcomm being chatted about. some of the oil's being chatted about.hen interestingly when we were talking about zynga, it was down on the chat and suddenly it's almost to the number one spot right now. >> rich is a guy you've known him, i've known rich greenfield for a long time, he's right a lot. >> oh, yeah. >> and he doesn't mince his words. and he plays us straight. he's got his own opinions. >> can i just say one quick thing here? that is, you know, i come in here and get really excited about these things. sometimes i scream at the camera. it's just to get people's attention to the fact that there's another side to the story. and i like to keep reminding of them that just because i've seen it all too many times. >> a good look at the other side. we brought up a moment ago the chart of zynga, bring it up again. look at that. since 2:00 when the show started, there you go. moving to the upside. >> that's it. and you can see it here with the chat. sort of correlate with one another and i think that's what's kind of interesting. we'll keep watching s

market cap between $75 billion and $100 billion, it would be about the same size as bank of america, qualcomm and close, herb, to mcdonald's. mcdonald's does $27 billion a year in sales. you think facebook should deserve a $100 billion valuation? >> well, i don't know. i haven't seen the numbers and neither have you. >> you think they're doing $27 billion in sales? >> as we always talk about here on "street signs," stock prices. this price and this valuation is based on what the stock is trading for on the second market. remember, stocks are supposed to be based discounting the future. we don't know. there's so much we don't know. and how many times have we seen this? in fact, let's go back to zynga. zynga's a great example of people getting very excited until they saw the numbers. this is a little different business and this business doing based on what we see from users doing a pretty good job. >> 800 million users around the world including yourself. you have google plus, google and facebook, maybe their relationship is not the best. you wonder what they're making in revenue, right? that's

thank you for sticking around for in [applause] california is a place or apple, intel, oracle, qualcomm, twitter and countless other korean companies begin reporting is home to more nobel laureates and venture capitalists than all the other states. california received 48% of venture-capital investments and in the first three months of last year, it rose higher, to 52%. that is more than four times greater than the next recipient, massachusetts. californians were awarded almost as many from the next state which was new york. california's problems but rumors of its demise are greatly exaggerated. [applause] 2012 presents plenty of opportunity and the work together, we can stimulate jobs, build renewable energy, reduce pollution in greenhouse gases, launch the nation's only high-speed rail system, reach agreement on a plan to fix the delta, improve our schools, reform our pensions, and make sure prison realignment is making to protect public safety and reduce retail -- recidivism. last year, i appointed a top adviser with an impressive record in the private sector and charged him with find

i remember last year i was talking to paul jacobs of qualcomm, those are the kind of people. ceos and michael dell will be there. two competing venture capitalists but not too many. and sheryl will pop in. another senior executive with facebook is here. i just want to say i think it's interesting that they're not going any kind overunconventional route with this ipo. the blue chips, goldman and morgan stanley rather than innovative auction approach and allowing customers to somehow buy in which is a new idea emerging in the industry. and so it's weird that they're not, but if julia says they are at risk of being scrutinized, maybe it's sort of an insurance policy. blue chip firms will help them get through what could be rocky waters. that does make a certain amount of sense. >> david, thank you very much. we'll wish you a good evening and enjoy some of that fine wine. >> and let's bring in president of ipo desktop. francis, react if you would to what david just said and what julia is reporting that her sources say that facebook may indeed be the subject of an awful lot of scr

and now qualcomm is breaking out, and that is similar to arm holdings, because qualcomm has snap dragonple, everything. >> and speak iing of which, app, which is the new chief of retail, and john broward who they have hired from dixons which is described to me and others as the poor man's best buy in the uk, is that true? >> well, i have never felt that dixons was that great of an op ray or the, b-- operator, but i defer to tim cook and he picked them. maybe he is a master, but i didn't know it. ron johnson was and look at what he did with jcpenney, but it is premature and people should sell it. >> and also -- >> these are troubled entities, rig right. >> and he has to get into china in a bigger way. >> well, maybe good ties there, and china is so -- you are so right, carl, that is the key to the next leg. >> of apple. and over the melissa and bob and see what is going on there. >> best start to the s&p 500 since 1957. >> yes. it has been a good start overall, and europe and asia -- >> and china -- >> -- and they have had double-digit gains. i have been away in key west doing research.

[applause] california is the place where apple, intel, hewlett-packard, oracle, qualcomm, twitter facebook and countless otherhim creative companies all began. it is home a to more nobelapit laureates and venture capital investments than any otherstates state. received 40%ornia of u.s. venture capital investments and in the first three months of last year, ite v roseen even higher, to 52%. there is more than four times -- that is more than four times greater than massachusetts. is for new patents california inventors were awarded almost four times as many as inventors from the nextfo day, new york. california has problems but rumors of its demise are greatlu exaggerated. [applause] the year 2012 presents plenty of toportunity that if we were together we can stimulate jobs, build renewable energy, reduce pollution and greenhouse gases, launched the nation's only high-speed rail system, richard freeman on a plan to fix the delta, improve our schools, reform our pensions and make sure prison realignment is working to protect public safety and reduce recidivism. last year, i appointed a top ad

paul jacobs of qualcomm makes 50. ron johnson of jc penney makes 51.5. >> you're kidding. i did not know that. >> this is everything included, every bonus, stock options, things like that. >> it's a little early there. >> in lieu of the ad campaign. >> that's guaranteed or -- >> this is just all in. >> i don't know -- i don't like what johnson did. i'm going to go on record. >> really? >> i think he should have cleared the deck. if you go into your jc penney -- >> you're talking about the financial side. not necessarily on the merchandising retail side. >> he gave himself no room. he's got a really tired looking inventory that he's got to get rid of. and i don't think that -- yes, i love the idea they're going everyday low price. they've got some everyday ho-hum merchandise they've got to clear out. >> which you bought. >> i got a nice pair of slacks for 30 bucks. >> not a lot of excitement in retail these days. >> thank you. >> a completely new concept. he's trying to reinvent it. give him a lot of credit. the guy is not focused i don't think based on at least having spok

the valuation basis but i'd love to convince you, you could buy an apple at ten times earnings or qualcommsoft at ten times earnings. those are all terrific companies, generating in each case billions of dollars of free cash flow that can be used to grow the business and reward shareholders with dividends and share buybacks. >> dividends can be key with the exception of apple. >> i think that's something that we look forward to with apple. apple generated $50 billion of free cash flow in the last 12 months, gentlemen, open up the purse strings and share that with the shareholders. i think we'll see that in the not too distant future. >> as opposed to acquisition? >> apple will always be in the market for small tuck in acquisitions but this is the large market cap company in the world so there's not much they can do acquisition wise. >> you think they really do give it away? >> a portion of it absolutely. if you're generating $40 billion or $50 billion of free cash flow in any 12 months you got a lot, you can give away $10 billion and give yourself a 2% dividend yield. how much cash do you

others include irwin jacobs of qualcomm, are levenson, chairman of genentech. is going to be a meeting actually in boulder coming up soon and a conference on september 203rd. it will have some of these folks talked about innovation policy. entrepreneurship, so as i said, innovation, allowing the seed corn technological technology developed is essential, but the really exciting economic growth job development happens in entrepreneurs building companies around these ideas. so there is something called national entrepreneur state. we had a get together in washington. myself in between steve case and in east toper. he is the u.s. chief technology officer. he will be with us here in november to launch something that i will talk about in a little bit cold start of colorado. little known. the reason he follows me on twitter. brad's recent post, a double by twitter followers. thanks for that. what's interesting is if you go talk to them they will have ideas, and it is not an easy relationship. one of the key lessons is probably humility. obviously government cannot man

others incurred -- include qualcomm, are levenson. is going to be up meeting in boulder coming up soon in the conference for having on september 203rd. part of it is talking abut innovation policy. entrepreneur ship. so, as i said, innovation, allowing the seed corn technological development is essential, but the really exciting economic growth, job development happens when entrepreneurs built country -- companies around these ideas. so, there is something called national entrepreneurs day. we have a get together in washington, myself and steve case and in to these jokers, that u.s. chief technology officer who will be with us here in november to launch something that i will talk about and a little bit called start of colorado. the reason he follows me on twitter is because of red bell. brad recent post double by twitter followers. thank you for that. what is interesting about entrepreneurs, if you go talk to them they will have ideas, and it is not an easy relationship. the government had to help entrepreneurs. one of the key lessons