i'm seema mody.ootlocker is joining the index, replacing cameron which is being acquired by schlumberger. the changes to the index will be made after the close on friday april 1st so the retailer is joining the s&p 500. you can see the stock about 1.6% after hours. melissa. >> seema, thank you. seema mode. pete najarian, you're a big footlocker fan. >> i love this name, and i think they would be performing better than it has. we watched some of the moves and some of the other athleisure names. you would expect footlocker to really react better than it has. it has not and look at this thing from a valuation perspective and trading at 15 times earnings. i like this name. going to the s&p, a lot of people are going to start to jump at this. i actually think you're not chasing it if you decide to go after it. >> nike says direct to consumers stronger about athleisure at finish line. >> did you see finish line's numbers last wyche? they had some disappointing projections going forward, but numbers were ve

thank you very much, seema mody. outside position because of its own outperformance and also this severe underperformance of the other parts of his portfolio. i mean, we were just talking about valeant pharmaceuticals for one, that's one and herbal life is another. >> 43 million share position so basically cut it in half. i mean, it's not coincidental that he was raising $800 million-ish with this which is probably what he lost over a day, day and a half and the valeant thing and right in context. he can say whatever he wants to. me this is raising money to offset the lousy position which is why by the way people are trying to run him in on things he's short of. for example, no coincidence that herbalife has had a pretty decent couple of days. >> canadian pacific, zoetis and mondelez is up 20% over the past 12 months and up 6% the past month. >> relative to valeant everything is going to be an outperform if you price everything based on valeant. remember eddie l ha mpert bought on sears holding and his whole fund bec

>> thanks very much, seema mody. want to go to b.k.ause his final trade was itb, builders. >> i can quickly go from here to zero. itb down 1.5% and looked fantastic after this. see what happens tomorrow. if you followed me that, use today's high as your stop out of that. now this doesn't square. what k.b. reported doesn't necessarily square with the broader picture data that we're getting from the home sector. you also look at average hourly wages versus home price increases. home prices have increased tremendously, so for me i'm going to remain bearish in general on the housing sector until you start to see earnings. >> the offset to increasing home prices is mortgage rates have still remained low. on a monthly payment basis, it's okay. >> it's a lot easier. >> yeah. >> what's interest, i kind of think housing is going to recover by 2017 to historic levels which means that these guys are drastically underperforming. this stock going into the numbers has rallied 30% off the lows. doesn't mean though that maybe the lows weren't excessiv

. >>> now, we're going to bring in seema mody. here's the news. >> mixed day.ow gaining 13, s&p 500 ending lower by 1 but the nasdaq pulled out a gain around 5 points. next week a big economic calendar, u.s. personal income and pending home sales monday with the big data point friday jobs report for march. watch out for that. i'm seema mody. and i'd like to... cut. so i'm gonna take this opportunity to direct. thank you, we'll call you. evening, film noir, smoke, atmosphere... bob... you're a young farmhand and e*trade is your cow. milk it. e*trade is all about seizing opportunity. ...another anti-wrinkle cream in no hurry to make anything happen. neutrogena® rapid wrinkle repair works... ...in one week. with the... fastest retinol formula ailable. it's clinically proven to work on fine lines and... ...even deep wrinkles. "one week? that definitely works!" rapid wrinkle repair. and for dark spots, rapid tone repair. neutrogena®. "see what's possible." and we are theic plays) hbug chicks.ie and i'm jess. we are a nano-busins. windows 10 really helps us get the w

>> seema mody, thanks so much.-ram price, a commodity. >> trends on d-ram only getting worse as far as i can tell. mike ron, have they more than priced it in? absolutely. stock traded down to 10, 10.25 and bouncing around these levels. these numbers should give more advisability in the next couple of quarters. not a buyer. >> tesla getting ready to unveil the next generation of its electric vehicle. could it send the stock into overdrive? a top analyst weighs in and details on one stock the traders are betting could drop 10% in the next two months. much more "fast money" still ahead. faas >>> welcome back to "fast money." tesla one day away from unveiling a highly anticipated model three and the company is dropping hints of what to expect left and right and here's what's expected to be featured. the car will be equipped with sensors for autonomous driving, 200-mile driving range and new battery compositions and a $35,000 entry level price tag and are any of the game changers for the stock. more now on an outperform

>> seema mody, thank you. >>> mike, despite the huge run, valuations are -- are relatively cheap, what do you think? >> the reason the valuations are cheap is if you take a look at something like eem, the biggest group of stocks represented their financials and just like in the s&p, that also tends to be the cheapest. this is actually the sector that's been underperforming equities globally for the whole year so there's a little bit of a catchup trade that you can potentially play here, whether you're looking at the banks or something like eem where financials are very well represented so i think even if we saw some weakness in the broad equity market, this is an area that could play catchup so i don't mind making a bold bet here. >> what you can do is do a call spread risk reverse a. looking at the may 34.5 calls, spending $1 and selling the may 30 calls for 27 isn't and the may 31 puts and i picked the two less. 37 represents an area where we've seen some resistance and 31 is an area of some support. did see a low of 28 and change in the eem so basically if you do have it put tow it

. >> seema mody, thank you. valuations are relatively cheap. what do you think? >> the reason they are cheap, if you look at something like emm, the biggest sector represented there of financials and just like in the s&p, that also tends to be the cheapest. this is the sector that has been underperforming equities globally. there is a catch-up trade you can play here. whether looking at the banks or something like emm where financials are well represented. i think even if we saw some weakness in the broad equity market, this is an area that could play catchup. >> what's your trade? >> i think very simply what you can do, something called a call spread risk very versal. spending a dollar for those and selling may 37 calls for 20 cents and may 31 puts. 30 recommendatipresents and are have seen resistance and low of 28 and change in the emm. if you have a put, it's going to be down close to the low levels we already saw this year. >> what do you think of the trade? >> i like the target in the upside. if you look at the emm, right at the 200 day moving average and al

seema mody is at headquarters with a look at what drove the stocks. hey, seema. >> hey, melissa.trong week for emerging markets. the emerging market etf seeing its best week since december 2011 due in part to the rebound in oil prices, encouraging news out of china. the central bank announcing they're injecting more liquidity into the system and keep the yuan stable for now. that helped close the shanghai index up 4%. the question on investor minds is whether this rally is sustainable. over the weekend china will unveil its updated growth forecast at the npc as well as its plans around fiscal stimulus. signs of further spending on industrials would be widely seen as a positive for the stocks and economy. plus the upcoming european central bank meeting on thursday could also lift sentiment if mario draghi cuts rates deeper into negative territory. strategists say that would make emerging market bonds more attractive as yields in europe and japan would likely fall. lastly, keep an eye on u.s. economic data if it continues to surprise to the upside and that results in the dollar str

seema mody, what is happening? >> the story continues gets tore interesting, a u.s.s rebuking the fkc's legal tactics in the staples/office depot merger calling the tactics, quote, disturbing, in particular the sung said they pressured amazon for a favorable testimony. the ftc is responding, denying it did anything wrong. of course it's been challenging this proposed merger for quite some time. we are seeing shares higher after hours. kelly? >> thank you, seema. this is a 20-year-old story almost of its own, mike, but this is a big move in the shares now, which might be ceasing out they may be able to move forward. >> an interesting twist. this suggests that at least a judge thinks that the government overreached that really it was not a big threat. people have been saying that forever, that basically these are two diminished retail franchises. >> and the most excitement this space has seen in a very, very long time. >>> valeant is rallies today. up next we'll tell you why you may own the stock in your retirement portfolio and not even know it. >>> plus a look, for a

i do have seema mody with us as well, who has been digging into issues related to the conversation that both presidents are having there. seema, i'll go to you first. the president called mr. macri a man in a hurry because really since november he has done quite a bit to try and turn around argentina's ailing economy. >> absolutely. in general, president obama's visit is widely seen as an endorsement of president macri's economic policy. if you speak to an emerging market invest,er, they'll say macri has unveiled a series of market oriented reforms since becoming president in december, and ending the 15 year long debt battle. that's one reason we have seen the stock market rally. it is up about 8% so far this year on hopes there will be further change to come and that all this will help argentina internationalize its economy, which it desperately needs. they're dealing with slowing growth and rampant inflation. >> steve wise, it brings up the question as to whether there are places outside the united states that remain attractive for u.s. investors to be, especially one that has a new l

back to you. >> rick santelli, thank you. >> seema mody, market flash. >> i want to point your attentionto shares of sea drill in norway. the stock is nearly doubled in one day. and a confluence of factors at play here. the rebound in oil prices forcing traders to cover their shorts. plus, top shareholder john frederickson is reportedly freeing up cash, selling shares in a different company, marine harvest, seafood company, valuing that at around $517 million, there is speculation that he may inject that cash into sea drill and the stock is on track for the best day in seven years, sea drill, a norway offshore player. >> a thought? >> i got a note from a trader yesterday. i'm sure you -- on fast money you talked about this, i'm sure. this is a huge short squeeze. there may be money coming in. this was one of the most beaten up, a $40 stock a year ago, companies, looked like it would go under, maybe the cash infusion, i can see your sea drill and raise you a cliff's natural, not up as much. marathon, we pointed out, up 12%. i have a feeling that short squeezes may be a topic of interest o

. >> thank you, seema mody. feel like every quarter, every six months, with e -- people speak of the demise of gamestop. >> this stock's been beaten down. i don't see it as being a viable long-term investment. for a trade, down 5% from where it closed, what's that, about $28 or something like that, i think it's actually worth taking a look at from a trading perspective. maybe wait a day or two. the shortages are extremely high here. i think 4.9% dividend yield on this story. i look at it and say, it's worth a short-term trade here. down 5% in the after-hours. >> for a trade. but i wouldn't buy it for that dividend. if it is a melting ice cube or barnes & noble, radio shack, whatever you want to call it -- hanging on. games are really big. if you want to buy anything, who makes insulin? you have all these kids drinking soda playing these games. >> it's not bad. it's good. demise has been much slower. >> the top trade tonight is twitter. quite the interesting take on this stock. the firm today saying it could eith

liberty mutual insurance >> seema mody is at the market desk with that. >> it identified information regarding it's active new membership figures and has taken steps to correct it. they added that the errors do not impact historical financial statements. shares of herbalife still up about 12% over the last one month. the company did report better than expected earnings last week. >> seema, thanks. let's discuss this. the way i understand it is these numbers are viewed in the analyst community, at least most of the analyst community like same store sales are for the retailers. like comps. so it's a key metric to try to determine the growth rate of new members. the previous number they reported was 16.7 worldwide active new member growth and 71% in the u.s. the new numbers again 16 and 71. the new numbers are 3 and 30. that's a huge discrepancy from what the company initially reported and is probably why the stock was down earlier. how do you view that? >>er rant information. that's the critical input. we still don't know what's happening with the governments case. this is one stock th

seema mody has that story back at headquarters. >> that's right. one of the most powerful men on wall street has died. the well respected bond trader spent 38 years at solomon brothers and stepped down as ceo in 19919. he was featured prominently in the poker book. gutfreund was 86. ♪ in new york state, we believe tomorrow starts today. all across the state, the economy is growing, with creative new business incentives, and the lowest taxes in decades, attracting the talent and companies of tomorrow. like in buffalo, where the largest solar gigafactory in the western hemisphere will soon energize the world. and in syracuse, where imagination is in production. let us help grow your company's tomorrow - today - at business.ny.gov >>> shares of first solar earned more than 2% and some traders are betting the stock could hit new highs. dan is over at the smart board with all the action. dan in. >> options volume was hot today and the stock was trading pretty well. calls were four times that of puts and today when the stock was trading at 58 bucks there

first up, cnbc's seema mody, the market wrap for the day. >> stocks ending in the green st. day, dow jumping 155, s&p 13, and nasdaq up 11. jobless claims rose less than expected climbing by 7,0 to 265,000. job openings increased in january to 5.pa million. hiring rate ticked lower to 3.5%. shares of caterpillar rose 2%. the company cut first quarter revenue and earnings guidance but is comfortable with full-year forecast. that's it for cnbc. a flight using your airline credit card miles. and surprise! those seats sometimes cost a ridiculous number of miles, making it really hard to book the flight you want. luckily, there's a better way... with the capital one venture card. with venture, you'll earn unlimited double miles on every purchase, every day. and when you're ready to travel, just book the flight you want, on any airline, then use your miles to cover the cost. now you're getting somewhere. what's in your wallet? and we are the bug chicks. and i'm jess we are a nano-business. windows 10 really helps us get the word out about how awesome bugs are. kids learn to be bra

>> thank you very much, seema mody. now call me a skeptic, but that doesn't seem like much of a pay increase, karen. >> obviously tied to insentives. >> sort of like the hitter, you know, whose team came in last and looking for a raise and he's like i can come in last without you. >> sports metaphor. >> yeah. >> it's hard to see. this company is strapped for cash. i don't know the specifics, but, wow, on the surface, and probably firing people left and right. >> cap "x," op-"x," things that the company can even run its business. can't claim to know what the contract says. >> i'm in some putts and this just sort of adds to the conviction that i have that it's more negative than positive and if you're cutting back everywhere else how can you say after being down 77% you've done an outstanding job. >> who bumped this guy's pay up? >> that's amazing. >> i'll tell you what, i'll do the job for half the money. >> move of the day, home builders etf, more than 1.5% and it was a good news out of linnaar that helped to boot the e

seema mody has more. seema? >> that's right.arl icahn, the biggest shareholder in chesapeake energy and we've been following the reaction to aubrey mcclendon's death from individuals in the energy space and activist investor carl icahn tweeting out aubrey mcclendon was one of the brightest men i've ever dealt with. i've personally always found him to be a gentleman in our interactions. carl icahn calls to say i'm saddened to have heard the news and as i said, kelly, icahn associates holds an 11% stake in chesapeake and, of course, they have an active investor in that stock. back to you, kelly. >> all right. seema, thank you. you know, we're just asking again about -- a couple of things. chesapeake the company itself obviously but, again, his involvement with that ended a couple of years ago. chesapeake has put out a statement as well today but pretty much, you know, that kind of says all you need to hear from the company on that front. >> without a doubt. >> what's interesting about icahn. he's one of the guys, it's all business

i i'm seema mody. the move comes just days after the struggling solar company delayed filing.ling its annual report amid an internal probe. shares are off more than 60% just this year. carl? >> see ma, thank you very much. >>> meantime former presidential candidate mitt romney will lay out his later. john harwood with the latest. john? >> here's why it's urgent for republican leaders who want to stop mitt romney -- excuse me -- stop donald trump to act out right now. take a look at these poll numbers from michigan, which is the big upcoming primary next tuesday. donald trump has got a double digit lead. if he wins that state, it gives him momentum. makes it difficult to slow down. so the 2012 nominee, mitt romney leader of establishment republicans if you like that phrase is takes him nona in a blistering speech. he calls him a huckster, a fraud, a phoney. he's going to say that donald trump, his words are as valuable as a degree from trump university, he's playing americans for circumstances and all they're going to get is a hat. he says his foreign policy is dangerous and ec

. >>> seema mody has more. >> hey, kelly. it's a mixed report from micron tech. earnings coming in at a loss of five cents versus the estimate of a lot of eight cents, so lightly better, but revenue missing expectations. concession was for 3.05 billion. now, the stock is down about 25% year to date. much of that having to do with intense competition in the semiconductor space. that's run reasons we're seeing consultation. more details perhaps on the conference call. seema, thank you. tim, they mised to beat on the bottom line, but the retch miss was sizable, should we say? the shares are up, though. what do you make of it? >> again, a stock down significantly. expectations are that the margins -- operating profit margins have been very, very low. i think tech dale also if you look at where the stock has bounced around, around these levels, these numbers give people more visibility into at least the next couple quarters, i think it's better than had been expected. >> the cycle is in such a bad place that you start to trade the stock on book value. it trades at 90%

let's go to seema mody for a market check. >> reporter: a bid for dupont takeover.ding. the chemical giants are both under antitrust review by the u.s. regulators so we'll see if the story changes. the stock is up 5% on the support after hours. kelly? >> seema, thank. a stock, mike, that was already a top performer in the dow today. >> without a doubt. very interesting. been the big kind of unanswered question as to whether longtime rival directly of these two companies, and, you know, if they did, dow and dupont get together, it is a big threat to basf. >> the euro and all the things that will fit into it, plus, of course. any trust on two continents. true? >> evan? >> one of the things that is stuck in brussels for about a decade. >> you know, look, i don't know, i don't know how it's going to turn out, but these deals in general, these are good deals in the sense that strategically plus or minus they bake sense. not some lbo fund coming in there trying to pick at pieces. i'm not saying how it's going to turn out, but the good news about all the m & a activity rea

i'm seema mody with some breaking news.ernational securities exchange from deutch for $is.1 billion and they plan to fund this deal from a mix of debt and cash on hand. the international securities exchange is the operator of three electronic option exchanges. bob grifeld, the ceo, says equities have been core to their busines business. for now, bill and sarah, back to you. >> thanks, seema. >> clearly continuation and they are considering a reannounced merger with the london stock exchange. nasdaq bolsters the options and it's been the source of volume growth in securities exchanges right now. >> too many exchanges out there right now. it's too complicated. >> not just that, but in terms of really gaining synergy, if you look at markets and the condoll days that's happening, the ability to consolidate back in to integrate technologies is something that makes a lot of sense, not just for the companies but for the customers, so i would imagine they would see that try to continue, sure. >> notable to see the billion dollar de

. >> seema modi at headquarters. its borders, china reportedly planning to layoff 5 to 6 million workers in the next few years to curb overcapacity and pollution. for a closer look what's going on. we welcome jeremy haft, unmade in china. that sounds like a trump speech, jeremy. >> whether you get down to the ground of the factory and farm, things are not quite as they seem from the u.s. perspective? >> what are things like? >> beijing has done a great job in convincing the world is that it was a stock market and it's not, never intended to be a stock market. it was set up to transfer capital from one part of the government to the other part of the government. the striations don't give an indication of what the real economy is like on the ground and stuff is better but it's actually a lot worse. >> don't one on other hand. it's been a long day. >> at least the market is up, i hear you. it's a lot better because there's a lot of debt in the corporate sector in china and government, but chinese households are great sav

seema modi has the story. >> ibm's ceo fiscal year total compensation came in at $19.8 million versuson in the fiscal year of 2014. slightly higher last year. keep an eye shares of ibm did lose 14% in the year of 2015. her compensation at 19.8 million in that year. back to you. >> thank you, they've got a little mojo lately. >> they have. if you get paid according to how hard a job you have, this is justified. you can actually imagine the criticism if they dinged her on compensation as one of the most prominent female ceos. not a lot of incentive to low ball there. >> details on her compensation. it was another busy weekend for primaries and caucus and now the world focusing on tomorrow's big vote in michigan. john harwood joins us with the latest. >> we had a wild weekend of activity in the race for the white house, let's look at the republican side. donald trump won the two biggest contests in louisiana and kentucky. but ted cruz scored wins in kansas and maine and marco rubio brought through in puerto rico. on the democratic side, hillary clinton won business in louisiana but berni

seema mody. >>> to michelle at the nasdaq. >> we're here for the cuba -- cnbc is the official broadcasterunity summit. that's why we're here. one small american company is banking on very big business in cuba, florida-based stonegate bank, offering certain financial services within cuba. and also opening a bank account for the cuban government. i'm joined now by dave saleski of stonegate bank. how is it that a small florida-based company, florida-based bank, becomes the bank that ends up opening a bank account for the cuban government here in the united states and offering financial services in cuba? >> wasn't planned. i was driving along one day, about maybe 14, 15 months ago and one of my customers who did do business in cuba, which we made transfers for, was having lunch with the undersecretary of cuban affairs, mark wells, and they called me up and said, hey, would you be interested in ba banking what was the cuban interest banking section. they have been without banking services, operating on a cash only basis. the prior bank had gotten out of embassy banking altogether, nothing to d

. >>> i'm seema mody with a market check. healthcare facilities standing out as one of the best performing industry groups. shares of tenet healthcare, community health, universal health and hca all trading higher. and this despite the s&p healthcare sector underperforming the broader market, falling at nearly 1%. again, a bit of a standout in today's market. >> seema, thank you very much. >>> well, overall, your investments appear to be at a bit of an inflexion point right now, considering this for the first six months of the year stocks tumbled and bonds soared. the past two weeks or so, we achieved a measure of calm as price movements slowed and people have time to re-evaluate. let us take this time to get a measured view of where we may be headed. mark keisel of pimco joining us now. we're going to get to your views on markets and where to invest in a second. given everything going on, when you go into your investment meetings, how much do politics and the presidency play in any strategy perspective? >> well, i think it m