look at raymond james today up 7%. that's a huge move. you know why? because they reported assets under management yesterday, i think they surprised some people. $214 million. raymond james is another stock we tried to lead to you. greenhill, ghl, 52-week high today. yes, a lot of stocks. ghl think it goes to 90. there are other stocks other than the ones we talk about all the time to me the greenhills and the raymond james still work. >> morgan stanley clearly has broken out above 30 bucks. there's another one coming. wells fargo. and the cme gives you the read on the capital markets itself. cme is sustaining above 300 bucks. that is bullish for the capital markets. >> if you look at where goldman, morgan, and bank of america are year over year you look at bank of america that's really the chart that gives you the most up side if you think there's normalized earnings. they, i would argue, have taken more of the competition out than even goldman. if you listen to jpmorgan, their asset-backed folks were saying in a strategy piece they think the writedow

raymond james financial advisors understand that.dom to offer unbiased financial advice designed to weather market uncertainty. and manage your idea of retirement. not to mention college funds. raymond james. individual solutions from independent advisors. sean: we continue with our great, great american panel. harry reid has his approval ratings in the tank. he is losing by double digits. he takes on the "vegas review journal" and they go after him in as part of a hitting a editorial as i have ever heard. is the -- is this not the culmination of the town halls? >> you have a show opening up in vegas. let me tell you something. what harry reid had, he seemed to be joking. i happen to go to lay down -- a town hall meeting because i wanted to be on scene two mondays ago. a lady in a wheelchair had diabetes and cancer and recognized me. she said that my wheelchair payments for medicare work going to be cut back under obamacare. i said, who told but you that? she said, those two guys over there. you lying right wing cowbirds iran after y

raymond james financial advisors understand that. they have the freedom to offer unbiased financial advice designed to weather market uncertainty and help you reach your goals. no matter how lofty. raymond james. >>> special edition "mad money." talking about the tricks of the trade tonight. i'm revealing a small but essential part of my accumulated wisdom. to help you know which way a stock -- a stock. general stocks. okay? a stock will go before it happens. on "mad money" we care only about the future, not the past. >> that's the book. but i'm not here to sell the book! although it wouldn't hurt. we try to divine the future from the past. sure. but it's not the past we care about. how many times have you made fits of impotent rage as you heard about some stock you never owned going up? or one you do own taking a big hit. i'm here to try to help you avoid those moments, to help you see how the market moves before anyone else does. so you can get out, get in, ahead of the rest of wall street. we've been through bottoms. now i want to

raymond james.solutions from independent advisors. >>> live from the nasdaq marketsite, this is "fast money." i'm melissa lee. stocks making a late rally but the big gorilla is looming tomorrow. will tomorrow's jobs report spark a september sell-off? tech and profit about also on tap for this big thursday show, guy adami, the negotiator tries to stay positive and finds winning trades in the temporary stocking sector. charlie gasparini with the man with the kevin-up bottle will swing by and all over this emerging gold breakout but first to the "word of the street." i again am not going to make a mock of this 63-point on the dow but financial, financials they did work today. we had some doubts yesterday as to whether or not people would come in and buy the dip. today it looks like they actually did, tim. >> well, you know the ism numbers first of all the bigger part of our economy which is nonmanufacturing are very good. mortgage rates are coming down. making it easy to pay these loans. same-store sal

raymond james financial advisors understand that.nd have the freedom to offer unbiased financial advice designed to weather market uncertainty. and manage your idea of retirement. not to mention college funds. raymond james. individual solutions from independent advisors. are more than words here. it's personal. i have diabetes. rodney's kid too. so we're so proud to manufacture... the accu-chek® aviva meters and test strips... here in the u.s.a. plus, we've proven you'll waste 50% fewer strips... when you use our meter, which means greater savings... for people with diabetes, like me. now that's a true american value. accu-chek® aviva. born in the u.s.a. laura: thanks for staying with us. i'm laura ingraham in for bill o'reilly. in the factor follow up segment tonight. more details in the casey of jaycee dugard, 11-year-old girl held captive for 18 years by a convicted sex offender until her dramatic release last week. phil garrido has been charged with 29 felony counts of kidnapping and rape in california. he allegedly fathered two

we had a number of downgrades today, raymond james, goldman sachs all cutting the stock on the back of the earnings downgrade. our next guest went out on a limb reiterating his outlook on the name. tavis mccoy. you're out there alone on the street right now. >> it sure feels that way. >> why are you still bullish on this name? they disappointed on so many levels when you look at new subscribers and you look at average selling prices, revenue guidance. why are we molding hope for this stock at this point? >> it's a function of i don't believe anything has really changed here. the afp guidance was a element bit weak, but it was largely because a couple of their high-end products that they expected to launch this quarter are going to launch later in the quarter. and they'll have the asps increase next quarter as those products launch. so if the bear story here is that this is going to be asp decline forever, i think that's going to be disproven in rather short order in two or three months. so, you know, they're still a company growing 20% or 30% a year. the valuation is reasonable. i agre

. >> raymond james. >> stay with the ford trade. >> pxp. >> i'm melissa lee.hanks so much for watching. see you tomorrow afternoon right here on cnbc. for more "fast money."

joining us now, telecom analyst with raymond james. at&t, looking at the chart, hasn't been one of the best performers since the bottom of the market. does that mean it's going to get a huge surge from here or is that a sign that you might want to be concerned? >> well, we stuck in a las vegas in kell cotelecom. we have been looking for poor areas in the telecom immediate space that has had better growth. you've seen the cable names perform better, data center names perform better. the basic wire line has lagged. as investors put money to work in the areas that have better growth and prospects for better growth down the road, then once those names have worked you will see them start to look at telecom. at&t will have a good third quarter because of the iphone sales to be able to push the ads up and see the revenue per user come up with ail la little bit. a little bit of concern there. but in general, i think you will expect to see telecom lag the broader telecom and media space goi going forward. >> the telecom is leading the market ag

for the fourth quarter with fred lane, vice chairman at raymond james, ron isana. what can you tell us as far as investment banking is concerned related to balance sheets on banks? >> first, we are in a much, much better environment than they we are a quarter or two ago. i think a quarter or two ago fear was the dominant feature of the landscape. the pull and tug between fear and greed was all fear. now we are seeing people dipping back in, corporations have lots of cash, strong balance sheets. nothing like an economic down turn to free up working capital. now we are seeing m&a activity and seeing an end of what occurred for most of this decade which where private equity was taking the place of the public equity markets for smaller capitalization names. we are starting to see a lot of activity in smaller names and starting to see a lot of ipo activity. this is going to drive activity at the brokerage firms and classic investment banking firms strongly. it's going to help the bank. i think banks have low cost to capital and lending prudently. i think the spreads are

raymond james up 4% today. take a look at rjf. >> and the canary still goldman sachs. 170 close. that tells you where the market was going before we closed. >> got to move on here because as we mentioned before kevin plank the ceo of underarmour is in the house. as america prerpds for the start of football season starting tomorrow night. underarmour has been running on all cylinders, up more than 9% today. it's been a double, up 103% in the past six months alobe. kevin plank joins us on set. great to have you with us. >> good to sea you, kevin. >> the stock has had a nice run. the street seems to be a little cautious on it at this point in time, mostly for valuation reasons. you said in your latest quarter that you're cautious on consumer spending. at this point in time give investors out there a catalyst, the reason why they should put fresh capital to work in your stock. >> i think it's the history we've built for the last 13 years with innovation being at the heart and soul of it and being a growth company the way we have gone from a 1996 out of the trunk of your car story to

joining us from greenville, south carolina, jeffrey south, chief investment strategist with raymond james the cboe, dan deming, stuckland equities trader. he trades from the cbov vix options. dan, what's going on with volatility? >> well, i think, you know, what mark we're seeing is decline in volatility, seeing more confidence coming back in the market. we're seeing tremendous demand for stocks and other commodities, that any drop in the market, there's so much money in the fixed income, any drop, we're seeing huge demand on the market. that's keeping volatility under pressure. the vix now trading down in the 23 handle. historically around 20. normalized situation in volatility. similar to small craft advisory being create by more boats or smaller or medium size boats are willing to go it of the hasher and calmer waters and explore for opportunities. >> jeff do, you agree that it's a good, not a bad sign? >> yeah, i do. i think there's more at work than that as well. i think that there's still enough money on the sidelines in zero maturity funds, if you will, mzm, and the underinvested a

is still having a good month, but downgraded to market perform from out perform this morning at raymond james. another day, another downgrade, another decline for cove ventry health. it is the fourth consecutive day of declines here today. and then lastly, eli, which is callaway golf, up 7.4%, raised to out perform from neutral, erin burnett, at wedbush morgan. the dealers out there, the gofrling friengofrl i golfing friends will tell you they like the 2010 coming up. >> erin is used to plucking the chickens, she grew up on the farm. >> takes a lot of practice. >> it does. >>> we're spanning the globe looking for investment opportunities. today we're talking to one of the top bankers in india. he is executive vice chairman and executive. his stock trades in bombay has doubled this year. up 105%. member of the forbes billionaires list. we appreciate it. yes, you went in partnership with a big transportation company in india. so your focus has been india, as in you didn't get into buying subprime securities elsewhere or lending money elsewhere. this is a purely india story, right? >> absolutely

this is chief james lewis, talking minutes ago, and he's expanding the investigation. not only talking about raymondi, but others. let's listen. >> in the future i don't want to be accused of tunnel vision and say we focused only on one person. we're still making sure who was in that building, who had access to the locations in that building that are of concern to us. and until they're completely eliminated, we're trying to keep track of them. and doing that pretty successfully. >> don, what do you make of that comment? obviously covering himself here, saying there's other people we're looking at. when you talk about all the attention on raymond clark iii, searching his vehicle, searching his property again, taking his dna, it's all about him right now, isn't it? >> i think it is all about him. but i do think they have to, pr a professional standpoint, to make sure they're not leaving any loose ends. there could be an accomplice out there someplace. even if raymond clark comes out to be the person, he may have somebody working with him in this thing. i think they're doing the right thing to say, loo

joining us is james allen fox, a retired law enforcement agent, lou palumbo. when you heard that police went about tracking raymond, cat and mouse strategy, were you surprised? >> the first time i ever heard of this type of technique, trying to solicit a confession from a individual. i think it was a little risky. they came out and landed on their feet. frankly, there were a couple of concerns here. first, that this individual was clearly a flight risk, number one. and number two, certainly someone they should have considered might have committed suicide. i mean this is a young man that at a very young age watched his life unravel. you know, his pedigree isn't consistent with the act. i know everybody has eluded to an incident that took place back whenways in high schoo when he was in high school. i was a little surprised that they played a pretty close to the cuff on this young man. >> when the police say yesterday this is a case of workplace violence, a lot of people heard that and thought, well, okay. that sounds like it is somebody angry about, you know, some employment situation. we don't really know what wen

publicly, raymond kelly and the top fbi official in new york released a joint statement at -- statement, saying that they work side by side on a daily basis. shepard: james rosen, live in our d.c. newsroom. it is a decision that will affect thousands of american troops and their families and friends. what to do next in afghanistan. the commander in charge was more troops. the president may not be completely convinced. but the commander says that if we do not do something, we could lose this war. coming right up. sfx:racking of a taillight. female valve: hahahaha...i am strong like the ox. i crush you like tiny clown car. because you are... ...clown, yes? female valve: come, you hit me again and i break you. male valve: oh, you messed with wrong pipe now, car. ha, ha trust me...i have to live with her. announcer:accidents are bad. but geico's good with guaranteed repairs through auto repair express. shepard: the war in afghanistan is going poorly and losing support. now the top u.s. commander will send the pentagon his request for more troops by the end of the week. but the pentagon will not send it along until the white house says they are finished looki

james in half -- inhofe. megyn: investigators say they have plenty of evidence connecting raymond clark to the murder of annie but what could be the motive for a crime like this? they wind -- they both work and a lab and she and up asphyxiated. possible new clues and new revelations about what could have been going on. bill: also, nancy pelosi says she has seen it before. rhetoric on health care that is so heated, it reminds her at a time where politics turned deadly. it is the comparison fair? [ female announcer ] which hair color has beauty editors buzzing? perfect 10 -- the 10 minute phenomenon from nice 'n easy. rich color, stunning high gloss, and flawless gray coverage all in just 10 minutes. a breakthrough so big, it won the most awards from beauty editors they even say... "perfect 10 has forever changed our opinion of at-home color." has it changed yours yet? perfect 10. the 10 minute, high gloss color that changes everything. from clairol. bill cody's two bears walk into a bar. two bears looking for a lunch, close to a home. in this youtube world, what do you do? you grab your camera. >> my gosh, i'm

raymond clark was released from police custody early this morning after a questioning and dna testing. new haven police chief, jameshe investigation. >> we've at this point looked at about 700 hours worth of video. we've interviewed over 150 people. some we interviewed a second time. we've got over 150 pieces of evidence seized so far. that's at the lab. much of it's already at the lab. we expect to gather more this evening during these two search warrants to send to the lab, and once we continue through this process, as we try to narrow down who the suspect is in this horrendous crime. >> an alleged campus gang rape has students concerned about their safety. they say they first learned about the sunday morning incident at hofstra university from the media or facebook. not from the long island school. >> we should have gotten an e-mail. we should have gotten a cell phone alert. we should have gotten anything to say that this happened. >> i can't believe it. normally i feel like this is a really safe campus. >> university officials say that they notified students monday afternoon through an internal home page. the s

so there he is, james lewis, the police chief in new haven, connecticut, briefing reporters and answering questions on this so-called person of interest, raymond lab technician working at that lab where annie le, the graduate student at yale university was killed. he suggested basically that the only person who has been subpoenaed so far and asked to submit dna evidence, among other things. let's go back to lisa bloom, our cnn legal analyst. lisa, the bottom line headline from this news conference, no -- no arrest yet. >> reporter: that's right, but he did say that we expect dna results could come within a matter of minutes or a matter of hours. that indicates to me we're talking very, very soon when the dna results come in. chief lewis also said that if there is one dna match, he expects an arrest warrant to issue, so reading between the lines i think we have a very confident police department here. they are waiting for the forensic results. this police chief said that this case is all about the forensics. the investigation is focusing entirely on the physical evidence. that's exactly what we would expect, just what you and i were talking abo