qualcomm hasn't lost a position here.all we're really, you know, calling this is a temporary pause during that transition. eventually iphone 5 will come in and will be good for a qualcomm stock when it does. >> within your coverage universe what is your best pick or top pick? >> we like higher beta names so broad com, who, you know, will suffer a little bit from the same issue but gained some share at samsung. we also like amd. pc numbers look healthy and we think gross margins are positive there unlike negative for -- >> stephanie, i see you nodding your head. >> well yeah. we own broad com and like it. it is a heck of a lot cheaper than qualcomm. i mean, getting past this issue, what are the catalysts beyond this short term for broad com in your mind? >> i think it's the main one is going to be their improvement in their base band business, a business they've just gotten into, they've not had great success, but samsung has qualified broad com across a lot of their smart phones. we think that's going to generate growth a

qualcomm has got mid-points of 4.65 billion and 86 cents eps. i wanted to give you those. >> that's the midpoint, though. it was talking about midpoint. >> and it could set the tone for tomorrow, right? >> this is a very unforgiving take. it's not a terrible number by kwa qualcomm and in a better environment it would not be dropping to 4%. >> we saw it yesterday, ibm sells off today. >> this is a tough take. they are not giving anybody breaks. >> we are still waiting for american express, young brands, and ebay. we'll see how much pay pal has contributed to their business. it's continuing to grow and they have a big initiative in china now. >> card spending. that's a good indication of consumer health, consumer spending in general. that's going to be the key number today. >> okay. >> thank you, bob. let's look at some of the business headlines. light sweet crude oil fell. the latest report on stockpiles showed a fourth consecutive weekly rise. west texas crude settling down at 1.5%. elsewhere, the environmental protection agency with reductions

>> qualcomm is getting questions. interesting question about what the impact is of the shortage of chips. they are trying to spread supply across all customers. everyone is dealing with this in some cases customers are looking at fusion 2 chips instead. those are for the 28 nanometers they can't get. i think the questions and concerns over what the impact is on customers like apple. apple has more money to spend although they always seem to have the money to spend. >> and brian, just to key off of what john was talking about, where the snap dragon might go next, you are there and the motorola smart phone could use the snap dragon as well. what impact will that have in terms of challenging the production? >> apple uses that and the snap dragon won't be going to the iphone, but it will be a chip with higher asps than the current in the 4 s. that will be going into the phone and that will help them from that standpoint later this year. we expect samsung, the other big dog to be using the snap dragon. >> wing going to lea

qualcomm is in a very good position right now. smartphone growth is very healthy for the overall market. qualcomm is seeing a lot of growth in the wireless space. and this year it's all about 4-glte. their chips are being increasingly designed into popular devices from apple, samsung and others. >> they're in a nice spot. they sell to all those big manufacturers of smartphones. they're sort of platform agnostic if you choose that word. your view of the numbers for tomorrow and into 2012 and 2013 are more conservative than the consensus view. why is that? >> we've just been a little bit conservative related to just kind of the seasonality of the smartphone business. also we haven't really factored in a lot of the growth from later this year when we should see windows 8 ran. we also should see nokia as they go through a reboot help qualcomm in terms of revenue and earnings. just a little of conservative on our part. >> not by a huge amount, i should say. nevertheless, you think the stock can outperform. as we see the report tomorrow

we're building chips for those. >> qualcomm reported record financial results for its second quarterfilling new orders is presenting a challenge because of shortage the of machinery to build those chips in taiwan. i asked him if the slowdown we're seeing in europe and india even china, the economic slowdown, is having an impact on sales. >> people don't see phones anymore as a luxury. they really see it as a staple and, therefore, it's a little less sensitive to economic downturns or slowdowns. we are seeing very strong growth in both china and india, and india, a little later in getting its 3g, now 4g networks online but they're not happening. we are seeing strong growth and what happened for qualcomm in india in particular is we used to sell at a very low end of the marketance and now are able to se across the entire tier. higher end and lower end devices. so it's really opened up a lot of the market to us, and china also has been very strong. what's happened there is that the operators are really competing with each other to get people on to mobile broadband. as we know, in many o

it is by far the world's most dominant technology company. >> qualcomm is? >> qualcomm is.ple. they're in the iphone, they're in the ipad. they're in samsung phones, android phones. they're all over it. they're licensed. as far as the quarter goes, i've got a lot of questions on twitter. should i buy in the quarter? i'm not looking at it that way. yes, they've surprised each of the last five, six quarters to the upside. there's a much greater expectations this quarter. if you buy technology stocks that are fundamentally great stories from a it's a mistake to try and trade the quarters. >> i agree with steven. i think any type of pullback, you have to aggressively buy qualcomm and this is the play on lte. this is the play on snap dragon, everyone. that technology, the upgrade to more smartphones, qualcomm is the ultimate winner in that trade. and so i agree with steven. if you get a pullback, you have to buy this thing. so coming up, one of the hottest stock pickers around. johnny will tell us what he's buying now with his $17 billion under management. i had three ki. and sh

that's part of qualcomm. and why it's part of the 10 million x prize competition.allenge the world's grand challenges by innocent vizing innovation. i asked jacobs about his vision to bring health care to the palm of your hand. >> there's a lot of companies out there building these different kinds of sensors that can monitor different things about your body. what we're doing with the x prize foundation is to get them to pull this all together, so that teams come together from around the world, and compete to build a little box that you can hold, and might talk to different kinds of devices, sensors that you might have on you, or take samples of blood, or spit or things like that, and diagnose diseases. and do it so that somebody, say a lightly trained health professional in the emerging market can diagnose people, or even a consumer in a developed market might be able to diagnose themselves. >> paul jacobs is just one of those people participating in the engineering conference for the next x prize. it's a fascinating gathering of entrepreneurs and big idea people.

qualcomm brings the register any time anybody buys the smart phone. there is a lot to like about the story. >> great to have ow the show. >> i think this is interesting. going into some of these earnings, we saw that options premiums were at high levels. apple trading price the volatility. they were traiting to seven times the value. a lot of that excess premium is going to come out and people who were long on the stock and short calls, they will come in significantly. that's good news for investor who is were interested in pressing longs. that will make it less expensive to hedge. they got so elevated going in. >> next up, we are trading tomorrow's results from caterpillar tonight. $29 billion worth of advice from wyndham capitals. find out as fast money returns. auto-bliss. with rent2buy from hertz car sales, you skip the lots... and pushy sales people... it's a fast, easy way to buy a used car. three days to try. zero pressure to buy. it's just another way you'll be traveling at the speed of hertz. how did i get here? dumb luck? or good decisions?

qualcomm is the play.ve 400 other devices in the pipeline that are being designed right now to use qualcomm chips. that's the bull case. >> monster story. david has talked at times about how 4g uptick is going to occur. david, if you need 4g, 4g is synonymous with qualcomm. >> it is. it is synonymous with that. when we talk about full penetration for wireless phones, it's not about finding new customers. it's about selling them more. 4g plays into that dramatically which is why we look at the average use per user. i don't know if we've taken a look -- talking about ebay. i may have missed it. have you guys mentioned it? >> it's remarkable. >> up over 10% now. >> new 52-week high. >> how about management? manager can be the key? they come in, revamp management. thompson goes, unfortunately, because he was terrific. but i see a company that says, well, look, we've got these great pieces, i want to break up ebay so much. i think you've got $55 per share in parts versus hold because of visa, mastercard -- >> y

if they don't, i don't see it derating easily. >> i like qualcomm.us what your price target is. i look think that we're going to see mid 80s. >> we partnered 16 times which is a fair move for a company over the next five years. >> let's switch the story to apple. price target 750. live a little. everyone is going 1,000 on this one. why just 750? >> our price targets are 12 months out. if you go three years out, the price can get there. >> what's the only risk you see to this story? i won't ask you to lay out the bull case because that's well known and everyone spews that these days. what's the risk? >> the major risk is carriers, wireless carriers, are under margin pressure because apple platform is lower margin. at some point there's a risk they will try to subsidize other platforms and that will impact the shares. i don't think it's a tangible risk in the next 12 to 24 months because carriers aren't able to subsidize. finally the global level if there's some pressure in the u.s. we see markets like china, iphone being subsidized for the first time.

qualcomm has had great success. many others whose names are escaping me right now -- >> e-toys. >> it's very, very different. making assumptions about growth rates that were unconceivable in many ways. in this case, it's almost conservative -- there are still questions as to whether they're going to hit some sort of stumble along the way, whether there will be something that changes this trajectory, but it's not that hard to see. >> munster asks the question, what does that $400 billion in market cap come from in 2014? he says half is going to come from tech investment, investors buying into apple. we've talked about how hedge funds are largely underinvested. the other half -- this i find more interesting and worrisome for the rest of technology, the other half comes from market share loss from competitors. >> yes, i think that's what we've got to really focus on. >> this is a story about taking share, not just from blackberry. android, taking the enterprise, having it work very well at the enterprise with the cloud

so you have qualcomm, nnvidia, intel moving into smart phones, in the case of qualcomm an establishedyer. and i think ti is moving away from mobility. winding down their business with nokia. getting rid of the voice processer. and so there is a question as to their commitment to mobility in terms of products they bring it bear. and of course their ability to compete with the big entrenched players like qualcomm. >> real quick, this stock is at $32.09 a share. do you want to sell 2 right here. >> you know, i have to revisit my model. at this point i'm hold rated. would think that taking profits would make sense. >> i'll leave it right there pb up next, another big week on the stand for the murdochs. >> revelations are mounting against the murdochs and what they knew about phone and e-mail hacking at news corps. they will take the stand in london this week and i'll tell you what's at stake. that story's coming up. >> all right, we'lling be back to you. >>> [ wind howling ] [ technician ] are you busy? management just sent over these new technical manuals. they need you to translate them

i think qualcomm still works here. qualco qualcomm, to me, is still in breakout mode. the stock that doesn't seem to be participating in the rally to the extent that qualcomm has is like a broadcomm, which seems to be having trouble around 38ish. >> kwaum qualcomm has had a great year to take. simon baker, what's your take on some of these names, whether it's apple, price line, netflix, amd? >> i think you have to fight the momentum here at all. the risk is very much on in the market. i think that's the way you have to play it with these stocks. when you start looking at valuations, you can start to get some arguments about it. when you start to look at the relative strength, you have to own them. i'd agree with pete, continue to hang on to them. >> jb. >> i think one interesting area we haven't touched on yet is storage. a lot of people are talking about storage being a big theme this year. when i say guys, i mean ceos. a lot of spending will be done in this area. i think network appliance, they call it net apps these days, ncap, it's very interesting there. and emc,

if i go down a list, whether it's broadcom, qualcomm, do you want to buy those ahead of apple? >> there were a number of tech names we felt we missed the boat on. if in the off chance there's a major miss or even a minor miss but leads to a big selloff out of apple, this is a great opportunity to buy nasdaq names that will absolutely be affected. so the names that i'm thinking of, qualcomm is a great example, also interested in emc or net app. on any nasdaq pullback that is apple related, this could be a great chance to have that chopping list ready. i'm not expecting a great sellouf or a miss, but anything is possible. >>> as we head to a break, take a look at eric schmidt heading into court for the oracle trial. he's taking the stand and testifying right now. we'll keep you posted on any developments on that story. >>> coming up, could tomorrow's fed meeting be a game changer? steve liesman joins us next. looking for a better place to put your cash? here's one you may not have thought of: fidelity. now you don't have to go to a bank to get the things you want from a bank. lik

. >> qualcomm. >> oih. >> that does it for us. see you tonight at 5:00. apple earnings. apple after that judge ruled it infringed on the motorola mobility patent. that stock at its lows here down 2%. let's go to "power lunch." >> halftime is over. "power lunch" and the second half of the trading day start right now. >> good day, everyone. i'm tyler mathisen. at 1:00 on the east coast and 10:00 a.m. out west, the bulls are back in charge today. the dow up about 75 points. right at that 13,000 level. one big reason for that is, ibm. the company raised its quarterly dividend 13%, expanding its stock buyback program and investors like it. as you can see on the monitors in front of me, we have a lot going on today. we've got you covered from key housing numbers that are moving the related stocks to the murdoch scandal in london and fresh numbers on the state of the overall economy. we have them in cnbc's brand-new fed survey. but we start with apple. it reports its numbers after the bell. about three hours from now. it is the story everybody's talking about. sue herera is at

disappointing earnings from two technology giants weigh on stocks today, but, after the market close, qualcomm and ebay both report strong business. >> reporter: a down day on wall street today, but are the bulls ready to give up the fight? >> tom: and working to put the power of the law in your hands. >> this is basically our associate, and we're the partner. and the associate gathers all the information for us at a cheaper rate, and then they come to the partner, and the partner can give them all the tailored advice they need. >> tom: it's "nightly business report" for wednesday, april 18. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: >> tom: good evening, and thanks for joining us. susie is off tonight. we begin with earnings from big technology companies. the tech industry has been a source of strong business growth, but lackluster results last night from i.b.m. and intel bruised investor sentiment, at least for today. the dow industrials, which includes both i.b.m. and intel, was down 82 points, the nasdaq off 11 and the

that's qualcomm day. oh, boy, do people love that stock. why not? it's the brains behind apple and almost all the smartphones out there. it gives you a delicious opportunity to buy. you know why? because it was off 1.68, 66 today. if it drops a point or two from here you might want to buy it. maybe tuesday evening. right? tuesday at the last hour. ahead of this quarter. qualcomm will not be able to mention apple by name without fear of losing their business, but you might want to pick some of the world's largest company up too. before qualcomm reports. because apple was pretty horrible today. we also hear from american express wednesday afternoon. i think axp will tell you that business is coming back strong. the stock tends to get hammered instantaneous to when it reports. and then spends a couple of days wandering the wilderness before then rocketing higher. since it's owned by my charitable trust you can follow along by subscribing to actionalertsplus.com. i'm going to be all over and give you i hope a good quarterly analysis when we come in the

qualcomm is not. >> michael ozanian, are you a seller right now. >> i'm a seller. i also believe there is going to be another round of quantitative easing. >> we'll leave it right there. thank you very much. coming up, folks, rises republican star, south carolina governor nikki haley. she is a die-hard supporter of business, and she is awful tough on unions. and she'll be here live. but up next, the president is out of bounds. obama's attempt to bully the supreme court over obamacare is backfiring. now he is under fire from a federal appeals court. and folks, as always, don't forget free market capitalism is the best path to prosperity. that includes the judicial rule of law. i'm kudlow. we'll be right back. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. and on small business saturday bothey remind a nations of the benefits of shopping small. on just one day, 100 million of us j

looking at qualcomm, thoughts? my way of playing apple.don't forget, you invest in apple. i think qualcomm got hit unnecessarily, because i think the next quarter will be fine at $63, i pull the trigger. qcon. "mad money" is back after the break. >>> someone said it, you can manufacture product more cheaply here in the good old united states than in china. last time he came on the show and made it clear that, and with energy costs over here, much less expensive, courtesy ultra-low prices, one third of the cost over there. he can make his coatings and his paints in america, the real cost advantage. this is the beginning of the industrial renaissance. it's happening right now, being broke the about by the incredibly cheap cost of the natural gas. eight times as low as some of the rest of the country -- around the rest of the world. we know the renaissance has arrived, with dow chemical siting it's plants over here. owens makes glass with natural gas, but i think we're in the early stages. it will indeed drive new construction in the country.

look at qualcomm. credit suisse saying the firm is well-aligned up 2.5%. a lot of buying in microsoft. reports that pc sales grew by 2% in the first quarter of 2012. that news of course helping microsoft today. lashly, illumina in focus. a bid of $51 a share is more than adequate especially if illumina is unwilling to enter any negotiations. kayla, that plot continues to thicken. illumina down 4.5%. back to you. >> thanks so much, seema. we're definitely going to be covering that next week as they meet their shareholders. meanwhile, ceos of the nation's biggest retailers gathering in tucson, arizona. our michelle caruso-cabrera is there with the ceo of macy's in a cnbc exclusive at the retailing center. michelle, not coincidentally named for the one and only terry lundgren. >> reporter: exactly. yes, terry lundgren here. ceo of macy's. thanks for having us as exclusive broadcaster here. >> glad you're here. thank you. >> big question right now in retailing, the extraordinary same store sales numbers we saw in the first part of the year, your company no exc

they're pushing back the sign because qualcomm had trouble meeting demand for parts.l be used in the new iphone. a new ipad could be at a lower price than current models. you may have heard starbucks is getting some flak from vegan customers for using a dry but g extract. now say it plans to stop using the extract and phase it out by june. a new covering will be replaced with an extract made from tomatoes. chipotle products stabilize. that is life of limber camcorders in new york -- -- live from bloomberg headquarters in new york. >> we will start out with adam caskey. >> temperatures are starting out in the 40's into the mid '70s this afternoon. watch out for some patchy fog. some areas of fog. time with clouds. it will be in the mid-70's across the region. into the we can come and get on settled. a big chunk of saturday will be just fine. by the afternoon and into the evening hours, that is when you have to be on the lookout for some showers and thunderstorms. it brings much-needed rain. mid-70's tomorrow. there is still some uncertainty as to exactly where the heav

. >>> after hours, mobile chip maker qualcomm sank 3%. ebay blew past wall street expectations thank to paypal and e-commerce. halliburton rose 5% on record revenue fueled by rush to tap new oil wells in north america. the environmental protection agency is giving energy companies more time to begin using green completion equipment when they drill for natural gas. the 2015 deadline is the first federal mandate governing pollution from hydraulic fracturing or so-called fracking. >>> new data from the labor department shows food prices are rising at a slower pace which could bring relief at the check out line. >>> finally, mcdonald's new mcbagette launched to mixed review. some customers embraced the change, others critique the missing crunch from the crusty bread. >>> the celtics charm the magic, the brewers walk off in extra innings, the penguins net ten goals to avoid elimination from the stanley cup playoffs. here with morning sports headlines straight ahead. >>> a few thunderstorms could be on the strong side. the forecast coming up you're watching "early today." >>> good morning,

but i think qualcomm has tremendous exposure.his arm holdings were supported yesterday so i can't get as excited with it as i would have. today themselves, they have water on the electric blanket which is a nasty thing to do. >> david, i don't know if you would call it a head fake or not, but clearly, focusing on at&t was not the right move. and i wonder if we'll learn that next quarter or the quarter after that. >> one would hope that next quarter when we go in and we have estimates of iphone sales that we don't just look at the penetration numbers in terms of new activations that verizon, at&t or sprint which activated $1.5 million. >> david, it's a traditional offer. you get it wrong like that and you could lose your job, right? >> yeah, well, no. it's not like china and apple suddenly just occurred. >> they can be wrong all they want. >> let us get to the opening bell on this wednesday. off to interesting action. there's a look at the s&p 500 at the top of your screen. at the big board, here is a good one. etd ameritrade. we'

looking at knew qualcomm, thoughts? my way of playing apple.invest in apple. i think qualcomm got hit unnecessarily, because i think the next quarter will be final at $63, i pull the trigger. qcon. "mad money" is back after the break. ♪ i'm making my money do more. i'm consolidating my assets. i'm not paying hidden fees or high commissions. i'm making the most of my money. and seven-dollar trades are just the start. i'm with scottrade. i'm with scottrade. i'm with scottrade. and i'm loving every minute of it. [ rodger riney ] at scottrade, we give you commission-free etfs, no-fee iras and more. come see why more investors are saying... i'm with scottrade. sadly, no. oh. but i did pick up your dry cleaning and had your shoes shined. well, i made you a reservation at the sushi place around the corner. well, in that case, i better get back to these invoices... which i'll do right after making your favorite pancakes. you know what? i'm going to tidy up your side of the office. i can't hear you because i'm also making you a smoothie. [ male announce

we're awaiting results from big names like ebay, qualcomm, and young brand. stay tuned for instant analysis and reaction. the argentan government reduced production due to a state takeover. >>> reversal of fortunes on wall street. big two-day rally before this. we have bob pisani on the floor of the new york stock exchange. simon hobbs, can't wait. >> i'd love to hear what simon has to say because everyone i've talked to is talking about the spanish and the ministry banks out there. we need some help from you guys. do you remember that valentine? >> you say that jokingly but -- >> i'm not saying it jokingly. >> but they did it in greece and the greek banks sucked it every day and became victims of their sovereign. it's not funny. >> the point is, it's happening. >> yeah, i'm sure it is. >> and the valentine that i'm referring so the the 1% euros that they are giving out. simon, what's your thoughts? >> both sides are in this together now, isn't it? look how badly the spanish stock market is doing. we're 4% above the crisis lows. the danger is that with spain

qualcomm was not down that much. 6/10 of 1%. they want to look ahead of the quarter and i think a lot of people are talking about qualcomm. they knocked the cover off the ball and above 64 is the playoff the apple weakness. >> remember the games? >> what games? yes. >> what could this be? >> and what does the chart without knowing what it is. >> are we playing that game now? >> we throw up the chart with apple, we already showed it. let's move on. look at this. it broke through the 20-day moving average and flirting with a 50-day. you didn't know this was apple. >> it said apple flirts with danger. >> seriously. would you say this is a stock that technically is in trouble? >> it's not a broken stock yet. none of the price action is giving me anything to indicate it's broken. not like this is an overvalued stock, but at some point somebody will wake up and say valuation is ridiculous. the chart looks dicy. it only looks bad because there are zeros at the end. clearly it's more dramatic than a stock being down than a $60 stock dow

given what we heard about shortages from qualcomm, boy did that knock apple down.oday too much supply from san disk, flash, we need this input as well as input from arm holdings and they report tuesday morning. so those who insist against my wishes on trading apple every minute, rather than investing in it, as i prefer, you will intel -- get some intel from those two companies. tuesday, yes, it is indeed apple day. they report after the close. that's all anyone is going to focus on, particularly after apple's devastating declines from its highs this week. we need to hear that ipad and iphone demand is holding up. most important because of hype, apple has to beat not just the consensus numbers, but the highest estimates out there. so jot these down if you want to. 11.80 of earnings per share and $41 billion in revenues. they must beat that. i think the near-term considerations should not control your thinking, because apple is an investment, not a trade. that's my rule, okay? >> awesome tuesday, in the morning, we hear from one of my favorite big cat names. and that

qualcomm is says tinge the system in london. richard hart, "abc 7 news". >> eric: up next a bear watch at lake tahoe. plus.... >> did you want to beat the bank at that you are game you need to know how they make credit decisions. >> if you wince every time you pay your mortgage, how to save hundreds of dollars every month. ha you called to switch us to anthem yet? honey, how can i call now, i can barely hear a thing with amber's band practicing. ♪ you're right, we've had enough. but i know exactly what to do. you take care of the music and i'll switch us to anthem. sometimes you just have to pull the plug. ♪ sorry, grandpa, we'll try to keep it down. i just... give it to me. ♪ [ female announcer ] we know you're still more rocker than rocking chair... that are just right for you. we have plans with no copays, no deductibles, and lifetime coverage. you may even qualify for one of our guaranteed acceptance plans. if you're eligible for medicare or will be soon, you can schedule an in home visit or get answers right over the phone.

hey, i want to see your outlook on micron with all the recent earnings from qualcomm and intel?, nope, nope -- >> sell, sell -- >> i'm not going to go there. i'm sorry, but i do want to go to bobby in illinois. bobby? >> yes. >> go ahead, bobby. >> yeah. this is bobby from chi-town, i have a question for cramer. >> you're on. >> caller: i'm interested in natural gas and it's at a ten-year low. most experts say it's going to $1.80 to $1.85. my time horizon is three to five years, i'm looking for a dividend play. looking at chkm which is the chesapeake mainstream -- >> no, no -- look -- i don't think chesapeake -- i think it's an okay situation. energy transfer partners, a much safer bet, a much higher yield and kelsey warren is doing a good job. and that, ladies and gentlemen, is the conclusion of the "lightning round." >> the "lightning round" is sponsored by td ameritrade. c'mon dad! i'm here to unleash my inner cowboy. instead i got heartburn. [ horse neighs ] hold up partner. prilosec isn't for fast relief. try alka-seltzer. it kills heartburn fast. yeehaw! >>> don't let toda

qualcomm we would be remiss not to mention, so in a lot of ways, there are some warning signs for some of the previous market leaders. >> let's cut to the chase on this. apple is out with earnings next tuesday, dan now has an options trade who will make money if it goes up, down or actually does nothing at all. it's an options strategy that is called selling an iron condor. here's how it works. run the strategy when you think a stock is range-bound. you make money by selling and out of the money call spread and put spread. now, it sounds complicated, but the bottom line is you want the stock to effectively go nowhere by expiration. with all that said, dan, what is the trade. >> that's a great description. it sounds complicated, but in a lot of ways you're defining your risk. in the last ten days, the stock has been moving around an awful lot. i'm willing to make the bet that things will settle down after earnings, that it's not going to be a huge surprise one way or another, and some of the people that had the angst of buying it above 600 and selling it at 570, actual settle down after

sent certain answer choices on qualcomm's always seem correct to joe bloggs he quickly find them in history and interrupt here to hear something and so i want to go. so then by. and so would you make shocked is a better friend. soon . just presented with with values one in each column and just keep in. mind. i've learned everything i know here homeschooled i have the longest time i've been in public schools about the thirty minutes i travelled a lot when i was a kid. and have and really liked the experience of travel so i would like rohan to have the option. to do anything he why i like won't have the option to do anything he wants so if he wants a career that is someplace else if you want to travel to other countries who are live in other countries i would like him to be i feel that he is competent and capable enough to do that. twenty two to fifty words and three three or so in an eighty four now that if. one of the things i know how to do is how to build the. answer i want to make sure the rowing knows how to build things too. and so he's. even when he was. seventy years old he was using

so when you hear that qualcomm got turned into a loser today from a winner, and when you hear that they are having trouble making the chips and predicting that it won't meet customer demand meaning apple demand, then you put the tail of ver rosty on it unlike edgar allan poe, and apple may not sell as many phones as it'd like or perhaps delay the iphone which means quarters two, three, four of this year might be light? you augment that with the demand that no customer or suppliers ever is allowed the speak about apple and you have aura of mystery to allow you the fret about how many iphones verizon sold because they won't give you the number when they reported today? and when you add up a stock that is 75% up year after year you start to think, geez, nothing can go wrong with this one or no matter what happens, it is going to be just slashed mercilessly when it reports tuesday night and then you start to i, this i don't want to if greedy, so you know what i will do? i will ring the register and that is how apple falls today. here is the bottom line, many things matter when you are inves

that's a tough area for intel because you have guys like inindividuala and qualcomm that will undercuthe performance from an intel type of platform. >> what are you telling your investors to do, buy it or not? >> we are neutral at this point. as the year progresses, it gets tougher and tougher. it is up 18% to date. i think that's a level where it'll hold currently. they will have a good quarter. stock might go up briefly but i think money is better deployed elsewhere. >> like where? i was going to ask, anything you like better? >> we like nvda, invidia. look for that one to benefit as windows on arm comes out later this year. based on windows 8 launch later this year. >> phil, you're bullish on ibm and intel, but are there others you like better. >> we like intel investments with technology but from a more growthy perspective we continue to recommend apple as well as qualcomm and google. >> apple, what do you make of the sell off in the last five days here? >> well i think that, you know, given the run up, i'm not overly concerned. this is typical pull back and we have to keep in mind

we have broadcom and qualcomm moving higher today. many times dubbed as apple's number one friend with benefits. it's amplifiers are said to be in the iphone. that stock sharply higher today. and switch over to nuance communications posting gains speculated to be the maker of the popular siri, which is an attractive feature of the iphone 4s. lastly, look at zag. doesn't make parts used inside the iphone. basically a popular maker of the accessories like cases, screen protectors. that stock also coasting on the good news from apple. >> seema, thank you very much. action here at the nyse ahead of mr. bernanke. bob pisani joins us. you're watching the real estate investment trusts at this point because you said there's been a change in leadership. and they're it. >> it is. they're the new leadership group. the fed's had a low interest rate policy for years. and the real estate investment trust community is the big beneficiary. they're able to borrow rates and refinance at exceptionally low numbers. reits at a four-year high. also improve