joining me now to discuss what happened down what's ahead is ronnie moas founder of standpoint research and craig johnson, president of customer growth partners. what happened at best buy? >> it's a company with a great history and a great future. the present is not so good. it's a very competitive industry. margins are tiny and it is not managing the business that well right now. it is suffering from what we call the tear any of the installed base. these giant behemoth stores that they need maybe half the square footage of but they are stuck with them. they've tried to dispose of some of them and they are operating on a profitability race to the bottom. they have to get out of that price competition. they call it investment. i call it cutting prices. they have to get out and figure what the value proposition is that we can bring to the customer that is as exciting as it used to be in the old days when you and i would go into best buy 20 to 25 years ago. it was great. chuck e. cheese was a great place to bring my kids 20, 25 years ago but now, not so much. they are not the voice of auth

you may remember ronnie moas, who downgraded apple to a sell. causing controversy for some of his clients. >> i'm willing to drive my business into the ground, as long as i see some minds changed and people's thinking change. >> well, he's back. and he's coming here on set to follow-up on his apple call to tell us about why he blacklisted amazon, as well. >>> let's get to our stop stories. stocks close in on record highs as we get deeper into earnings season. tim seymour, good sign here? >> what a little earnings chatter seems for markets that have payroll into whatever direction they wanted to. we were clear on this desk. what happened with the macrodata. wage growth is there. 8 of 12 districts are stronger. >> hiring picking up. >> good news is good news. when you have jpmorgan yesterday. today, the bank of america numbers tell me also that in a world where rates do normalize, banks can make money. we're going to talk about that in a second. >> anthony, hedge funds. how are they positioning at this point? >> i launched with dan lobe. we share

joining me now to discuss what happened down what's ahead is ronnie moas founder of standpoint researchig johnson, president of customer growth partners. y?at happened at best bu >> it's a company with a great history and a great future. the present is not so good. it's a very competitive industry. margins are tiny and it is not managing the business that well right now. it is suffering from what we call the tear any of the installed base. these giant behemoth stores that they need maybe half the square footage of but they are stuck with them. they've tried to dispose of some of them and they are operating on a profitability race to the bottom. they have to get out of that price competition. they collect investment. i call it cutting prices. they have to get out and figure what the value proposition is that we can bring to the customer that is as exciting as it used to be in the old days when you and i would go into best buy 20-25 years ago. it was great. great wayseese was a to bring my kids 20, 25 years ago but now, not so much. they are not the voice of authority that they used to be

. >> ronnie moas. >> that's great marketing. lines, too. >> going quantitative research. everything he said, human issues and societal issues that we're struggling around the world. i think it's admirable he's doing what he's doing. getting back to the stock, if you look at where apple has been and a market that a lot of people want to believe is a great place for apple to grow, the stock has more than taken back all of that move. as guy said, if you look at this chart and where people are looking at apple for 2014 after eps decline last year, a lot of people see 4% to 6%. 525 is where you stop yourself on the stock. risk/reward, you can buy that here. >> i want to point out, as well, in case people don't realize, there's a site that apple has to be transparent on the laper issues. a lot of people think i'm an apple hater. but on this point, apple has been fairly transparent and pretty active on the audit trail. they did 393 audits of their suppliers and the suppliers of suppliers. >> there's two other quick things that should b

you may remember ronnie moas, who downgraded apple to a sell.my business into the ground, as