. >>> rosenblatt with new target on nvidia. we'll talk to the analyst hyped that call as the bulls continue to say this recent dip is a buying opportunity. >>> hour and a half into trading. take a look at the markets. a down week overall for stocks. we've seen a lot of breakdown. for instance, the russell 2000 index of small caps below the 200-day moving average. there's been pain in the transports and some of the cyclical areas of the market and technology. although, carl, a little improvement with the dow going positive here. nasdaq still the laggard. down more than 2.5% for the week. utilities, staples, energy, industrials, real estate, financials now all green. so, maybe some buying here. sfwloot vix above 18. interesting the market today, despite all the negative sentiment on the week is being led by consumer names. walmart is up there, target, dollar general, ross stores we talked about in the 9:00 a.m. hour. the best s&p at the moment. >> that's off-price retail has been the best winner of the week, tjx. let's dive deepe

target moves citi from 520 to 630 we have the similar story from ab bernstein 475 to 675 we have rosenblatt securities. moving the outlook from 800 up to 1,100 big move there nvidia shares moving higher in the pre-market looking at shares right now which are up over 7.5%. >>> piper sandler boosting price target for amazon. piper says now is the time to buy amazon with aws growth set to reaccelerate. and the peloton is downgraded. the company is moving to sell. shares of peloton down 1.5%. >>> time for the global briefing u.s. is extending the one p-year extension on the waivers for chip makers in korea in the event of the disruption in the supply chain regulators are looking for an indefinite exemption >>> shares of qantas moving higher after travel demand and higher air fares it has an order for 25 wide body aircraft as part of the renewal program which comes as disputes and customer service issues and pressure over performance. it all weighs on the company shares up 1%. >>> nations led by russia, china, brazil and india invading saudi arabia, iran and three other companies to join the blo

how about rosenblatt saying n individual yaw is 1100-dollar stock. nvidia.hat is shooting through the roof. if you're looking at fundamentals it made it a cheaper, cheaper stock. bringing up everything else. nasdaq 100, here is what is interesting, nasdaq 100 started breaking down. obviously under the 50-day moving average is a red flag. if we can get back above it would be absolutely huge, this is a day to be quite frank with you, the last time i remember something like this was unveiling of the apple computer. many of you may remember that iconic commercial. i want to take a look at it right now if you never have seen it. >> we shall prevail. >> on january 24th, apple computer will introduce macintosh and you will see why 1984 won't be like 1984. charles: all right. joining me now nicholas wealth management ceo, founder, david nicholas. i don't know if you remember that, you might be too young to remember that commercial. that ushered in the pc era, third industrial revolution. apple most wealth generating stock in history. $3 trillion. anyone on the show

we're also going to talk about that $800 price target on rosenblatt, calling for $2 trillion for nvidiauch more. we'll be joined by cisco's ceo, chuck robbins, on the other side of the break everything from the company's earning beat to his a.i. strategy he is here at post nine. more "squawk on the street" straight ahead my cpa told me i wouldn't qualify for the erc tax refund, so i called innovation refunds. their team of independent tax attorneys will work with your cpa to determine if your company is eligible. [whip sound] take the first step to see if your small business qualifies. wow, you get to watch all your favorite stuff. take the first step to see if it's to die for. and it's all right here. streaming was never this easy, you know. this is the way. you really went all out didn't you? um, it's called commitment. could you turn down the volume? here, you can try. get way more into what your into when you stream on the xfinity 10g network. >>> we're going to have some fun on this one. cisco is rising. get this, reported a beat on the t top and bottom line. the stock is moving up

ouof rosenblatt last week. you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >>> welcome back. workers at companies like u.p.s., gm and verizon are pushing for higher wages. the question for investors now, how will those costs impact earnings? frank holland has that for us. hi, frank. >> hi, leslie. $30 billion in new money, the teamsters say they

. >> tim, what did you make of -- we made fun of rosenblatt street high 11, arguing it's cheaper today than it was yesterday -- does that make sense to you? >> it does but i think there's plenty of people that can argue that it's hardly cheap, and that the growth rates that we have in here are not the growth rates. i think that's maybe what dan was saying, are not sustainable. i prefer to assess nvidia from a market context on the q-1 numbers, the outperformance to the s&p and the highs it took the semiconductors to immediately, and highs that it's had -- smh has been unable to surpass and the reaction last night was completely the opposite, really, today's trading. so, the semis underperformed the s&p by about 2.5%. you saw a straight line down, essentially 5% on the smh. and that's telling in terms of market leadership. now, we're coming out of a peerm beyond where, after the last three to four weeks, going into nvidia, i think there's been a lot of repositioning by equity investors. i think there's so many more people investing in equal weight -- excuse me, yeah, equal weight versus

rosenblatt is among the goals upgrading the stock to buy and hiking their target to $35, and applying 20% upside from tuesday's close. it really seems like expectations were particularly high after meta's beat, but ceo bill ready, he did sound cautiously optimistic about the ad market. >> yeah, along with cramer last night, kind of echos in terms of the ad market commentary from match, would you argue, that there's some bottoming process here >> some bottoming. we also have to acknowledge that a year ago, the q2 quarter was a really tough one and i think now, not only were those comps better, but the market does really seem to be getting better >> we'll keep our eye on that. shopify tonight after the bell let's get a news update with the aforementioned pippa stevens hey, pippa >> hey, carl north korea issued its first acknowledgement of the american soldier who crossed into the country willingly last month the country offered a brief response to the united nations' command, but stopped short of offering any information about private travis king's whereabouts or well-being. king broke

end on nvidia, which got a new street high this afternoon, a new street price target high from rosenblattho went from 600 to $800 a share. the love fest from all the analysts that's well above the average target of $528 a share nvidia right now is trading at $435 ahead of its earnings report which is out next wednesday. >> kristina, thank you >>> up next, your retail rundown. what target's report this morning could mean for walmart's numbers tomorrow >>> and a little bit later, coming up, former fed vice chair richard clarida gives us his first reaction to the minutes, his look ahead to what jay powell's next move might be and how it could impact your money in the market. that's just ahead. we're live from the new york stock exchange, as always, and you are watching "closing bell" on cnbc. we planned well for retirement, but i wish we had more cash. you think those two have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of peopl

. >> for more on the deal let's bring in barton crockett with rosenblatt securities and david katz covers penn and the gambling stocks at jefferies why does espn choose penn and not a half dozen others that might be just as good or bad >> look, i think it's the brand. i think what we are looking at is a battle of the brands. so all of the bigger players in sports betting online in this country are big brands that aren't going to play second fiddle easily to espn, fanduel, draftkings, well established, the casinos, emgm. then you get down to barstool and you can get rid of barstool with espn and it makes sense i think what disney is eyeing is the future of culture and media consumption and i think what they're seeing is that the new generation is going to find sports betting additive to the experience and they want to lean into it and have their brand front and center we just saw the opposite with fox, their fox bet kind of deal, you know, was unwound and part of that i think was, you know, attention. i think that the partner didn't want to make fox bet the preeminent brand, they wanted to

rosenblatt securities last week, i think it's the most bullish analyst call out there, but he raisedrice target, the analyst there, from 800 to $1100. lauren: i think that's the highest. >> 12 thes from today. it's $490 right now. stuart: i don't have the courage to put money into a $500 stock. heroin lauren what do they have, 90 share of the chip market? -- 90% share? stuart: sounds secure, i must admit. a bit rich for me. i've got to move on. interns at citadel have the opportunity to make an extra $19,000 a month. what do they have to do? lauren: be a math genius. [laughter] seriously. stuart: dime a dozen. lauren: less than 1% of the interns that apply get it, right? 70,000 apply, less than 1% get in, and when you do, you take this 11 week boot camp, math, computer, problem solving, and you would love this. here's a 163-world e-mail, now condense it into 690 words. these -- 60 words. these are math geniuses, he he edits people in real life are. get to the point. land the plane, lauren. and then you have to make a video of you introduce yourself. so you have to have those people s

today, we finally have no more sells as morning star goes to hold new street high, again, from rosenblatt as they go to $1,100, which is 40 times high 20s, which people would argue the stock got cheaper on a forward basis yesterday. >> one of the things i've always said about nvidia is if you go back and look, like in 2016, if you go back that far and you look at the analyst estimates, they were insane and then nvidia delivers a number, and it turns out the insane estimates were cheap. >> low >> i watched this stock go from a 44 multiple to a 9 >> and that's what i have been hearing this morning, even if there are those who argue about maybe it's pull forward demand or you're never going to see comps of 100% again. the counterargument is a 35 multiple is sort of the lower end of the range, and even on their current trajectory, 35 times 25 estimates gets you a stock price that's a good 30-plus percent higher than it is right now >> exactly exactly right. now, i'm going to give david a quiz, because david is, of course, the king of "jeopardy!" what is the number one non-web server cloud ser

. >> i did notice that rosenblatt guys to buy $35. enticing progress.about rising relevance. >> it is good. and i think what people are going to end up doing is if you plan your trip, you're not going to then go to bookings you're going to stay there i think that bill is revolutionary in the sense of realizing, as -- with shopify, as with roku, you've got to do everything on the site you can't be, like, learning there and going to amazon. and that's what bill ready is doing for pinterest. very solid >> we are going to get shopify tonight, along with qualcomm >> i know. >> big day tomorrow afternoon. let's get the opening bell at the cnbc realtime exchange at the big board, it's a weight-loss platform celebrating alisting via spac. at the nasdaq, it's the new york city department of transportation celebrating the summer streets initiative where they clear the streets of manhattan and the boroughs, jim, let you party for a few hours. >> i think it's terrific i know that on the starbucks call, and we'll get to that, they still have 3% of the city -- of the

i know you were not a fan of rosenblatt last week at $800. >> the godfather's got to deliver more thanhael and don. this is ridiculous. >> kind of absurd. >> just let the quarter happen, for heaven's sake. just let it happen. i mean, someone said the other day to me, you kept me out of nvidia. i said, no, just don't buy ahead of the quarter. look at this. another person said it was the greatest call of my life, you should retire. i thought that was interesting. i don't want to retire. i got enough tomatoes, i could set up a stand and retire. there's some great tomatoes on the third floor -- fourth floor. i'm going to move them down. >> does that mean i can have some tomatoes? i thought you were offering me some tomatoes. >> i'll give you a great price. i brought me best jersey beefsteaks. >> who's going to man this tomato stand? >> i'm going to man it. >> do you need me and david on either side of you to sell? >> you guys,i got to tell you, i'll give you -- these are, at whole foods, this would be a treasure-trove, and i will offer them to you for like a dollar, four for a dollar. >> t

. >>> rosenblatt with new target on nvidia.t call as the bulls continue to say this recent dip is a buying opportunity. >>> hour and a half into trading. take a look at the markets.