steve weiss, you're looking to buy a little more skyworks we should had the hit you on corvo too. flat earlier this morning. up a couple percentage points the last time i collected. you can tell me about skyworks you're looking at and corvo which i believe you still own >> i do. i have core positions in both. and i traditionally trade around the core positions, not selling the core but adding to them when there is opportunity corvo beat raise like skit they always get different reactions on earnings. if you took the tickers off you wouldn't know which is is up and down skyworks is picking up major business with the new apple launch i'm thinking of adding to it i haven't touched the core position corvo i added when i sold comcast. that turned tout to be a phenomenal trade hopefully farmer jim is listening. >> penn national gaming rising on the earnings bet. and the sports betting deal. consequence are contessa has an exclusive interview >> hi, scott, penn shares risingen on the news it's acquiring score. i want to point out the shares of the score, skyrocketing up almost 80% on the

i prefer to go with skyworks and cuervo who are doing quite will. 5g phones have more than doubled their market share to about 43% this year. and that's where you want to play that's skyworks and corvo. >> wow seven zingers in the first few minutes of the show. it might be a record. >> actually, not a record. i can keep going if you'd let me no, go ahead, frank. >> come on, weiss, we have to pace ourselves a long show nasdaq at 15,000, which stocks will lead the way. three criteria, the stock has to be in the nasdaq 100, at least 70% of analysts have to have a buy rating and calling for at least a 10% upside and now we have names like alphabet, facebook and amazon popping up tiffany, i'll start with you i know you own tesla, up 4% this week one of the leaders in tech this week what other stocks do you see as taking leadership? >> yes so our thesis around tech is that, you know, mostly everything is a tech company so we categorize it into three sections so when you look at the names of some of the companies, that they were looking at, like activision blizzard, amazon, facebook, of course

skyworks is going to continue to move higher. >> all right, everybody, great show thank you. i will see you tomorrow on the "halftime report" as well. that does it for us. "the exchange" begins right now. >>> thank you very much, brian hi, everybody. and here's what's ahead today on "the exchange. rescue and cleanup efforts underway as hurricane ida slams louisiana, millions without power and the energy market is bracing to see how long refineries will be offline we've got all angles covered >>> markets are rallying today with more new highs in the s&p and nasdaq, 56 new highs, dom, something like that. wild that said, september has traditionally been a weak month for markets. as we close out august, where do stocks go from here? >>> airlines cutting capacity. do the stocks get ahead of themselves it's ahead this hour, but we start with the records and dom chu is here with the numbers >> kelly, it's like 52 record closes forget about the number of intraday closes we've seen 52 record closes and maybe it's again today. that's what we're seeing in the nasdaq 31 record closes fo

skyworks is going to continue to move higher. >> all right, everybody, great show thank you.you tomorrow on the "halftime report" as well. that does it for us. "the exchange" begins right now. >>> thank you very much, brian hi, everybody. and here's what's ahead today on "the exchange. rescue and cleanup efforts underway as hurricane ida slams louisiana, millions without power and the energy market is bracing to see how long refineries will be offline we've got all angles covered >>> markets are rallying today with more new highs in the s&p and nasdaq, 56 new highs, dom, some

i have enough semiexposure the other way with what i mentioned before, skyworks, koerveo. i rather by qualcomm on dips there is more technology into their chips and they get designed in so you can't switch what you're using one for the other. the hinix for a micron you have to stick with the skyworks because you base the stein design on it last five years. if it goes low enough it's a trade. but ink it's a good call by morgan stanley it's a gutsy call. price something going up but capacity is coming on. that's what they're talking about. so maybe overdone actually a little here. >> more broadly, jenny, you own intel and applied materials, those are the ways you play the chip space and that's it, correct. >> that's it and interestingly though we did sell seagate a few months ago, looking like a well-timed call that saying, hey, that side of memory had gotten peaked out and recognizing that we when you do play in the memory says it's really cyclical. the intel and amap totally opposite investment returns on those two but both are -- both are important parts of the portfolio.

. >> like what skyworks >> sky works i come back and say, let's just understand, these companies are the stalwarts. yes, i wish amazon was going up but amazon is viewed as not a good opening trade you have good leadership and i think that chart you put up that shows caterpillar as the one that's been falling and the winners, that's it i think that is the market let me throw in a wrinkle. i know stephanie will have something to say about this. we have seen a rerating of the dwrug stocks a lot of people thought that was slowdown i'm beginning to feel it's democrats not having any strength to rein in price increases. we're seeing the drug stocks break out and it is not, stephanie, pricing in a slowdown it's a group that's lagged the stock market for a long time. >> steph >> definitely lagged for a long, long time. i also think the pharmaceutical companies -- rates are so low. some of these drug companies, three, four, 5%. those dividends, most of them are very safe because there's so much free cash flow with these companies. i totally agree with you in fact, i recently added to j&j. i k

names like qualcomm, skyworks and broadcom one apple analyst says that isn't necessarily a red flag chip be under pressure for a lot of different reasons from growth worries to supply constraints but apple he's betting will ultimately secure the chips it needs while rivals may not be so lucky back to you all. >> thank you, josh people always seem to want those newest, latest, greatest phones. thanks, josh lipton. thank you for watching "power lunch. "closing bell" starts right now. >>> welcome to the closing bell. i'm scott wapner in for wilfred frost. investors digest the fed minutes. small caps a bright spot as we head toward the close. hi, sara >> i'm sara eisen. let's look at what's driving the action the federal reserve releasing minutes from the july meeting just last hour as the taper conversation ramps up. most participants saw tapering this year. the delta variant does pose a down side risk to the outlook. more retail earnings out today target and lowe's topping estimates with lowe's surging on those results. and soft economic data point

of the standard bearing patents -- many standard bearing patents for the business i know you like skyworkse at risk because if they get kicked out of apple or samsung they can't fall back on the intellect property rice rights qualcomm is more stable in that picture >> last word, leave it there coming up, there is a street llnd abel aire, weighing in on that. chinese stocks, do that just ahead. it's the sound of a thousand sighs of relief and of a company watching out for you. this is the sound of low cash mode from pnc bank, giving you multiple options and at least 24 hours to help you avoid an overdraft fee. because we believe how you handle overdrafts should be in your control, not just your bank's. low cash mode on virtual wallet from pnc bank. one way we're making a difference. >>> let's talk about the alibaba price target cut to 269 at deutsche bank. they reiterate a buy liz young, what do you do with the call in we know what's happened with the stocks >> i think china in general for me right now is not a buy. i'm cautioning investors that i think the juice isn't worth the squeeze. th

dividends because some of the bigger dividend-paying tech stocks such as cisco, for example, or skyworks, we already mentioned apple, you know, you can see them on the screen what they pay out here. you've got texas instruments paying out 2.1%, cisco is nice got a 2.7% dividend pay out there. do you get the sense that you can pick dividend-paying companies by sector, or would you prefer, because i know you look at commodities, to simply look at something that's in that realm? >> yeah, i think that if the risk when you're taking the dividend is yeah, the overall markets rally, this maybe a better time to own them. the big what if out there is when is the correction coming? we're up over 1 is hundred% since the low in march of 2020 so that be my concern. what's driven this market for the past 12 years is people looking for yield and as long as the 10 year stays below 1.5 or 1.25% then there's always an argument to look at stocks that have good dividends, so like everything else, i think the way to go is to be diversified but as far as commodities, you can get trapped with commodities if yo