ross gerber and he joins us now. nice to see you, welcome. >> nice to see you too. >> what do you think the immediate reaction will be on wall street tomorrow to this court ruling? >> i mean it's super positive. for so many companies in america from the high end talent in the h1b 1 visas aside like tech companies, et cetera to the low end workers in the agricultural fields of california for example, you know, what this does is it allows an increase in z-ild and unskilled labor into the country and we need that. so immigrants are the life blood of this country and any denial of its economic benefit is clearly somebody who missed econ. it's a very good thing. >> what about the fact that the administration most likely will come out with a statement, we don't know what they plan to do. there are several avenues that they have one of which includes an appeal to the supreme court. does that -- >> that's what they're going to do. so trump's already tweeted just now i'll see you in court. so we're going to go to the supreme

gerber kawasaki ceo, ross gerber, says there is ceo that does exactly same thing. but will bring home the trophy to your portfolio. good to see you, ross. >> good to see you too. liz: before we reveal the stock, how did you find the stock? how can you spot something like this? >> i owned it for a while. i kind of look for stocks, they have done well in the past. they have a great track record but they have just kind of been hanging out, haven't found a new direction and they have got great leadership, so you know eventually they will get there. all of a sudden everything starts working for them again, and they end up winning the game. liz: and the stock is? >> it is tesla. tesla has been around last couple years, going up and down in the 200, 250 range. it is like, oh, what is going to happen now. as we get to the fourth quarter of this game we'll see test a really rev up and end up winning the game big time for our investors. liz: when you ask a lot of smart ceos who they say are impressed by they say elon musk. the stock is looking great considering people counte

ross gerber and ed lee. lions gate reports after the bell. >>> breaking news on wells fargo. to wilfred frost. what's happening? >> just hitting the wires according to dow jones, not directly from this conference. wells fargo board is likely to eliminate 2016 bonuses for top executives. including tim sloan, the ceo. and the cfo. according to sources, it's likely to be finalized, the decision by the board, by late february. it's meant to show accountability for the bank's overall performance, not cu culpability. tim sloan's presentation was as similar as it has been for most of the recent months, very much toeing the party line and suggesting they remain totally focused on moving the bank forward and serving customers. he wanted to put across the tone that they're not being caught up in the euphoria banks have enjoyed since the election. they remain focused on sorting out their personal issues. this is a reminder of those issues and the fact that top executives are seeing pay cut is a big development. this is expected to come in february. the other outstanding we have from wel

michael jaffrey is over weight and ben dunbar works for ross gerber. condolences. firm is long apple but it did lower its position in the stock. good to see you both. ben, what do you think when you hear a guy like warren buffet say he doubled his position in apple in december. >> yeah, it's definitely hard to argue with warren, but the things with apple. we love apple and we've owned it for a while, but the story was a growth story. the reality is now it's a value play and that's why warren buffet's invested. you know, when we look five years, ten years down the line we don't see apple as good of an opportunity as it was because the heart of any technology company is innovation and what type of innovation have we seen with apple in the past five years? >> but, ben, you make it sound like transitioning from a growth to a value company is a bad thing when, in fact, if you look at the value of berkshire's holdings now relative to when they bought them, a lot of these things have increased several times over. so, sure, it's a quote, unquote value stock but why doesn't

here to debate are joseph agnesi and ross gerber from gerber kawasaki.in with you because you think it's walmart that's the better buy. why? >> that's right. i think as walmart expands online offerings, lower prices, speed up delivery that they're going to gain share of ecommerce. in addition, they've been training their employees and improving end stop positions in stores so that also improves the in-store experience. the combination of faster online sales and a better experience in stores should help the company gain and defend market share. >> all right. ross, but you're going with amazon. >> well, that seems like a no brainer. amazon is dominating retail in every corner. it actually reminds me of walmart back in 1985 when it was a good company, but walmart is so behind the ball in getting into retail online and then they buy jet d.com which is a total dog. every ecommerce site they're buying, they're companies that don't integrate with each other. they're not good with technology. we like the attempt, we wish them luck but the truth is walmart is goi