that's a favorite to own >> sarat >> morgan stanley. we talked a little finances, tomorrow you'll see how their business is doing and what very many times will look like, so i want to hold this into earnings. >> steven? >> taiwan semi they'll report about 2:00 in the morning est, and i think you can make money while you sleep and wake up tomorrow morning to a nice return. >> brenda? >> tjx this company, there are retail doors that are closing that are competitors. also a lot of great inventory out there, so we think they're poised to do well. >> kevin >> docusign, global document management doing a fantastic job jur, just killing it >>> thank you, everybody we'll see you tomorrow at the same time. "the exchange" with tyler matheson begins right now. >> brian, thank you very much. here's what's ahead on "the exchange" today. the dow fading after being up more than 400 points earlier on positive vaccine news. but the market may be signalling that it shouldn't be hanging all its hopes on data from just 45

joining us now sarat sethi and cnbc contributor and dan suzuki.y chief advisor gentlemen, welcome to you both sarat, i'll start with you, though you're not a deputy jim cramer commented on the run in tesla yesterday saying that it was insane, that the run in tech in general has been really unbelievable i mean, tesla yesterday added the market cap equivalent of a ford amazon added the market cap equivalent of a boeing, sarat. i'm wondering if you think the run we've seen of the big tech cap stocks is, in fact, insane >> i would -- i would use that word i mean, i think it's getting a little out of control here when you look every day yeah, we had a pull back last week, but you take the faangs, they make up 24% of the s&p. they trade at over 45% earnings. capital coming to the market seems to flow in that one area it's not like the other areas, industrial cyclicals are doing well they trade at discounts. cyclicals like honey well trading below the market pe. what you're seeing is such a bifurcation of the market. what makes us scared is that when the

>> absolutely. >> sarat greg on twitter wants to know when does delta become a buy and where would you the stock? >> i've been holding this since we owned it for about five years. i would look to buy -- if you don't own. i own it i think you can initiate a small position here. it's at 26 it's down 50% year to date it's the best of all the airlines it's got to best management team, the best balance sheet and probably the best roots. i would initiate a small position now you get more of a down you buy more if it breaks another 10, 15% from here. >> daniel in new york asks what do you think about initiating a position in -- >> it's a veterinary company, it's recession-resistant vet visits are back close to their all-time high, but they're also in the livestock business there have been breakouts in places that process meat i would say buy half a position. i would buy a full position. it's been on a real tear >>> more trades ahead, how do tuplerare playing that, next on "halftime report." hey there people eligible for medicare. gimme one minute... and i'll tell you some important things to

joining us is sarat sethi.c contributor sarat, you've been relatively optimistic about the markets and have said not only stay in, and you've said to buy you're saying maybe now is a time to hold off for a moment? >> that's right, andrew. you've got 40% of companies saying we can't give you guidance looking at where the market is, the s&p's close to an ll-time high if you look at the five stocks guiding the s&p, they're trading at 45 times pe the market to us seems pretty fairly valued. really in the short term, we're long-term investors. stay in your allocation, take some profits from some stocks that have become a big part of your portfolio timing will be really hard and you will see fallen angels or pickups in stocks that have been beaten and when they give guidance you can get more opportunities there. be cautious. so much money has flowed -- >> who do you put in the fallen angels category? who do you put in the beaten up category >> so fallen angels, you know, high quality companies like a honeywell, jpmor