we sold sherwin williams last week and we sold home depot two weeks ago. the thought process was the same for both of them, and, frankly, the thought process was the same for why we weren't surprised by apple and netflix, which was to say that a lot of earnings were pulled forward in sherwin williams's case we were looking at a stock trading at 29 times earnings which we thought might be peak earnings, because when we look over the past year a lot went into that, stimulus checks that won't be there anymore, people have been home bound doing stuff on their own. that's going away. then there's been no travel, no vacation, no concerts, no nothing. we think that fed the earnings and that the share price of both home depot and sherwin williams were really reflecting the best case scenario. we know they will have great numbers this summer but we think it is reflected in the stock, so, yeah, we sold them both. >> what was that did somebody say something i guess i'm hearing things i was going -- i thought it was you, farmer jim. i was going to say in other news be

. >> looking at sherwin-williams, and reported earnings their focus was they want to raise prices, withg, the ability to do that is a great thing. they are interesting. jack: a lot of people that want to do work on the home at this point, they spent a lot of time over the past year. those are all great ideas, thank you so much, check out this additional barron's.com, don't forget to follow us on twitter at barron's online. get your shot, be healthy and will see you next week on "barron's supply-side. we will see you next week.

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. >> looking at sherwin-williams, and reported earnings their focus was they want to raise prices, with the ability to do that is a great thing. they are interesting. jack: a lot of people that want to do work on the home at this point, they spent a lot of time over the past year. those are all great ideas, thank you so much, check out this additional barron's.com, don't forget to follow us on twitter at barron's online. get your shot, be healthy and will see you next week on "barron'sching. larry: welcome back to "kudlow." i'm larry kudlow. by now folks you may have heard or seen the two moments from president biden's address to congress but if you did and here's what was outlined. the democratic party has made government is god, the congress their place of worship and the white house their rectory. the key point of the biden speech was when he said this. >> they are constitution opens with we the people. it's time to remember

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. >> looking at sherwin-williams, and reported earnings their focus was they want to raise prices, withlking, the ability to do that is a great thing. they are interesting. jack: a lot of people that want to do work on the home at this point, they spent a lot of time over the past year. those are all great ideas, thank you so much, check out this additional barron's.com, don't forget to follow us on twitter at barron's online. get your shot, be healthy and will see you next week on will see you next week on "barron's (announcer) the following is a paid presentation furnished by rare collectibles tv llc. (music) (announcer) our country was founded on life, liberty, and the pursuit of happiness. representing this idealism is our american eagle. the bald eagle was chosen in 1782 to represent the united states because of its long life, majestic looks and great strength. the eagle has since become part of our country's national emblem. in 1986 the u.s. mint had a large surplus of silver

. >> looking at sherwin-williams, and reported earnings their focus was they want to raise prices, withty to do that is a great thing. they are interesting. jack: a lot of people that want to do work on the home at this point, they spent a lot of time over the past year. those are all great ideas, thank you so much, check out this additional barron's.com, don't forget to follow us on twitter at barron's online. get your shot, be healthy and will see you next week on "barron's ♪ ♪. larry: hello everyone and welcome back to "kudlow", i am larry kudlow, great to be with you. here's a question a lot of people are asking these days, if the economy is booming, why do we need all the new government spending plans and president biden's first 100 days, the democrats got a 51 vote reconciliation victory for

. >> looking at sherwin-williams, and reported earnings their focus was they want to raise prices, withlity to do that is a great thing. they are interesting. jack: a lot of people that want to do work on the home at this point, they spent a lot of time over the past year. those are all great ideas, thank you so much, check out this additional barron's.com, don't forget to follow us on twitter at barron's online. get your shot, be healthy and will see you next week on "barron's roundtable". ♪ >> from the fox studio in new york city, the sims oreo bartiromo wall street. maria: happy we can everyone welcome to the program that analyzes the week that was an helped position you for the week ahead. this began coming to you from the epicenter of the u.s. border crisis in edinburg texas for the special one hour long program, tax increases are on the way, president biden unveiling his massive $1.8 trillion american families plan that he intends to pay for by doubling the capital gains and dividend taxes on top of increases in individual tax rates, what will this mean for every american

. ♪ ♪ color snap color id from sherwin - williams.ur local news and weather, >>> "good morning america" is sponsored by sherwin-williams. make the most of your color with the very best paint. ask sherwin-williams. >>> good morning. i'm reggie from abc 7 mornings. let's see what the roads are like. >> city knoll is our big problem spot right now. we are still following that two car crash here. these cars overturned and are now causing a big backup. this is on southbound 680 before calaveras road. the chp has not given us an statemented time for when that will clear up. walnut creek is looking live. and still the bay bridge toll plaza busy. metering lights came on at 5:50. i was outside in san francisco, it is so cold. >> yes. a little misty, a little drizzly. cold. will be keel than average all week. san francisco 60s around the bay. what that does is usher in clean air. it's not completely scrubbing the tree pollen away. look at those numbers. reggie. >>> mike, thank you. coming up. opening the bennetts really know how to put their wi

. ♪ ♪ color snap color id from sherwin - williams. color pallets curated just for you.onger and longer on pain than tylenol. when pain happens, aleve it. all day strong. >>> checking the top stories. ceremonies under way to mark tomorrow's one year anniversary of george floyd death. rallies were held in minneapolis, new york and other cities sunday. president biden will host floyds family tomorrow at the white house. as he pressures congress to pass a police reform bill. >> cdc investigating reports of some young adults mostly male developing an inflammation of the heart. four days after being vaccinated. experts warn it's too early to know if there's a link. >> authorities in south carolina say they are confident a missing murder suspect is within their perimeter. he has been on the run since last week. he's wanted in connection with with four murders in south carolina. and missouri. authorities say the 27 year-old is considered armed and dangou wer avy ra and a foot of snow in th rockies and the northwest. >> a colorado man run himself into the record books. >> what n

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.® ♪ ♪ color snap color id from sherwin - williams.marines has become the first active duty service member charged ith january 6th riot at the u.s. capitol. major christopher warnagiris is accused of assaulting police officers among other offenses. he was allegedly captured on camera, forcing his way inside the capitol and helping others to do the same. >>> the pipeline company at the center of that crippling cyberattack has reportedly paid millions in ransom to hackers. fuel is flowing again, but drivers in the southeast are still having a hard time filling their tanks. nearly 80% of gas stations in washington, d.c. are out of fuel. meanwhile, we're just getting word overseas that ireland's health service has shut down its i.t. systems after being targeted in a similar ransomware attack. no word yet if they're related. >>> mcdonald's is giving workers a pay raise depending on the location. company owned restaurants will now pay workers between $11 and $17 an hour. the fast food chain is facing a critical labor shortage. >>> the u.s. a

actually the multiple on apple because the earnings have been so strong you want tech quality with sherwin-williams and the reopening plays on top of that. >> that's a great place to leave it there with you digging into the themes and while tech has come under pressure the next guest said he's focused on high quality value names. let's bring in michael huntstead with northern trust asset management bob kind of laid out for us thematically let's go through the themes. it is growth versus value. cyclical versus defensive. what stands out? is the value trade going to have legs going forward >> yeah. absolutely we expect value will continue to out perform really for several reasons. one we are squarely in the expansion phase of the business cycle. this is prime time for the value factors so now is not different from history from an interest rate perspective, 2021 the long rates rising faster than the short rate this bull steepener is good for the value factor and inflation should that come about could accelerate this and last but not least from a valuation multiple perspective value stocks still very,

work as much anymore big companies across the stay-at-home trade do well the paint companies, sherwin williams new high every single day. mohawk in the carpet business and the broader retailers for the home, the target and home depots and lowe's regularly hitting 52-week highs. anything to complain about april 14th earnings season started and it's been sideways once we get earnings season in april it sort of tapered off even though the numbers have come in spectacular. it takes a lot to move the market forward i'll have more to say about the dividend story in the next hit. >> thank you. >>> the market makes all the-time highs seemingly every day. this year alone the s&p hit 33 records. now those steady gains drive interest and money into stock according to data from jpmorgan and the fed. us households have 41% of the assets in equities that's the highest level on record joining me now is niklas pentssgitsaglu your last name is tough for me you're niklas. i'm tyler. we're glad you're here. >> thank you. >> let me ask you whether the rise to 41% of assets is driven by new money coming into the m

between now and year end, there is so much to do one of the things is we sold a position in sherwin williams we reinvested in three existing positions in the portfolio. one was medtronic. it has 20 times earnings and 5% cash level and 11% earnings growth and unappreciated and should come through the pandemic well >> great stuff jenny, as always, great names. paint and spaghetti sauce and fat dividividends. have a great long weekend, jenny. thanks for joining us. >> thanks, brian >>> you're welcome folks, that does it for us on "worldwide exchange. it is friday dow futures are soaring. we have a three-day weekend ahead. everything's looking up. you're welcome "squawk" and the gang are picking up the coverage next ve gatonweenyou on tuesday ha are lg ekd, everybody. i really hope that this vaccine can get me one step closer to him. to a huge wedding. to give high fives to our patients. to hug my students. with every vaccine, cvs is working to bring you one step closer to a better tomorrow. >>> good morning green arrows to the end of the month. we'll talk about the biggest movers, including the

how are you >> good, how are you >> caller: great i'm new at this and i've been wanting to buy sherwin williamsck. >> it's an excellent company and a great quarter. diane, a fabulous quarter. i am a little more neutral because i like lowes i think lowes is a better way because then you get a lot of other things and you don't have to worry about raw cost but that's a good one. let go to rick in new york, rick >> caller: hey, jim, awesome show and thanks for taking my call. >> thank you, rick, thank you. >> caller: my pleasure, really enjoy it i know youtalked a lot about nova cure on a couple occasions and i enjoyed the last 18 months because i invested in it it's up about 170% plus. and you know they're unique technology is attacking tumors, the electric field and i just can't help myself especially with some of the latest in the recent approvals the upside to me is beyond tremendous. >> i totally agree with you and i'll tell you something, rick. only you, me and a couple others, it still seems to be not recognized by the medical community. that, ladies and gentlemen, is the conclusion of the l

price tech, like apple and the mega caps and you can probably have that and still own, you know, sherwin williamsg trade as well. that's what i mean when i say it's bifurcating carl >> you got that right, bob sherwin hit an all-time high yesterday. thanks very much brings us to our next guest, john chambers, former ceo of cisco systems, now investing at j 2 c ventures welcome to "techcheck." >> it's a pleasure to be with you, jon, deirdre, a pleasure to be back as well. >> john, let me start with what bob was saying, that is during the pandemic we knew we were in a rarefied atmosphere for technology as people were home and officers were reinventing i. trjs budgets how should our viewers think about the reset and those tech trends that got so -- that were the afterburners on coexist with a grand reopening where siles a cyclicals are the star >> bob said it well. it's going to be a combination i've seen this cycle many times as you come out of an economic downturn, the tech usually leads very early andthen it's the fundamental companies that earnings will increase i still have not changed my view e

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ask sherwin-williams.ith a look at the traffic. mckay, reggie. good morning, everybody. looking at the salmon richmond san rafael bridge. it is packed for anyone trying to make their way westbound north northbay. things will pick up once you get to the center of the bridge, there is no crash or anything, it's just very slow. same story at the bay bridge toll plata plaza where metering lights came on at 5:47. also seeing a fog advisory for the golden gate bridge. hi, mike. >>> hi, jobina. that fog is going to make the coast and parts of the big cooler today while we are still suffering fire conditions through 6:00 in the northbay mountains, east they held and valleys. look at the 60s along the coast in san francisco, 70s and 80s around the bay, the 90s are locked into the east bay valleys today. we've got high amounts of tree and grass pollen, but that'll taper a little bit, as will the temperatures starting tomorrow. spring is backed by friday. reggie? >>> mike, thank you. coming up on gma, is now the time

. ♪ ♪ color snap color id from sherwin - williams.ou're looking live at the world's longest pedestrian bridge, nearly 600 feet above a raging river and nearly five football fields long. it's one of europe's newest attractions as countries there hope to welcome back tourists this summer. james longman is there and he's going to start walking. >> why does that make us laugh? >> he's going to start walking right now to the middle of the bridge. we'll check back in with him in a few minutes. all i got to say is, james, don't look down, my friend. >> james is a relatively new correspondent here. >> when you get to the other side, james. >> we'll be following james all morning long. >>> we're also following a lot of headlines. breaking vaccine news this morning. pfizer announced they're starting the submission process for the full approval of their vaccine in the u.s. as experts say california could reach herd immunity in a little over a month. the state is planning to fully reopen on june 15th. >>> also right now, atlanta mayor keisha lanc

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you are doing a -- a webinar on this, friday, may 21 i am looking here you've got companies sherwin-williamsist of 100 stocks in s&p 500, are most negatively correlated with inflation. >> sure. this comes from some of the offerings we had for institutional clients part of our macroaware suite most wall street looks at stocks from bottoms up perspective less so from top-down macroperspective the idea more macro aware how sensitive of your stocks to changing macrotrends like rising interest rates or rising cpi, jobs, we did a study to highlight when stocks over the last five years, have seen strongest correlation to cpi popular inflation metric so it is a screen that is not necessarily a fundamental deep dive analysis it is a way to try to create a universe of stocks, that may be at more risk of margins due to rising inflation then also beneficiaries. so it is these stocks definitely screen as potential under performers those are names that investors should look more closely at, beneficiaries as well. >> quick on that because you have this list of the companies that have margins to benefit fro