stephanie link, josh brown it's good to see everybody back with us today. let's again with a check on your money. we'll go right to the boards today and show you a sea of red. dow is down 600 points s&p 500 down about 3%. nasdaq, technology has been, as you know, a bright spot of late but that's selling off harder today. nasdaq down about 300 points all right rob, good to see you, beard and all. here we are in different place than we were on march 20th when you spoke about the pessimism being palpable in the market that we were in panic mode, as you said almost speaking that things needed to turn in a more positive way nonetheless, josh brown, i'll come to you. the point i was going to make is there was a point in time where pessimism was palpable now we're at a different place we have come a long way. the second day into this week we'll have our back to back down days if this holds today how should we be thinking about stocks here? >> i'm glad you cut to me. rob's beard looks like it sold some kids fake id in an alley somewhere. let's talk about that palpa

from chris in pennsylvania, this is for stephanie link. i bought lockheed martin in early april and rebounded well considering the recent earnings report, would you hold or take profits and reinvest >> i would absolutely hold the stock and on any dips buy more, actually they had a very good quarter, good guidance. a book to bill of one. mar generals have upside very good visibility insulated from the pandemic. this is a name to own. >> all right from dave in boston, massachusetts, jim, you often speak of portfolio management an trimming don't you feel like this philosophy erodes profits? shouldn't we just buy and hold >> hey, dave, sometimes the stocks in a portfolio that underperform you want to add to them if the thesis didn't change and find capital with which to do that. that's why i trim winners. your question is a good one. the secret is not too often. you have to let the winners run an then use them as a source of capital for the withins that underperformed. >> pete, jimmy of tampa, is canada goose a buy at these levels >> i own it.

analyst who thinks all the hype surrounding antibody testing could be premature joining us first is stephanie link and alicia lavigne still with us. stephanie, in the absence of mike, walk us through the session and how we ended on a high note despite the fact we had ugly economic data >> it's going to get worse i think a lot of that was expected i think that the reason we rallied is ahead of trump's speech tonight, right, because he'll have a game plan in term of reopening and maybe it actually does come sooner rather than later and we know that the market is a discounting mechanism and it is absolutely discounting that better things are coming we don't know. is it a six month thing. i don't think the it's a year thing. at least that's not what i'm betting on at least not according to everything i read. although i'm not the health care expert if you can take baby steps and just regain a little confidence in the consumer and businesses, i think that's important because i think what happened this week with the banks, it wasn't that the earnings were so bad, but it was that the reserve charges were

don't want to miss that one. >> and we say thank you to stephanie link for being with us during thiswe are just minutes away still from apple's big earnings report find out how the coronavirus ihn as we are released we are back in just 90 seconds ♪ ♪ ♪ ♪ ♪ >>> big earnings afternoon a.m. sop shares moving lower after reporting earnings moments ago. joining us to wraek down the number, ed lee from "the new york times" and cara swisher also joining us is michael levine, senior research analyst at pivotal verge good afternoon to you. clearly, this was a top line beat they're seeing strong sales growth bottom line miss as it's costing a lot to serve these customers and to do it safely. what stood out to you? >> remember back in the day when amazon used to miss on the bottom line all the time and no one cared then we got used to them making prochts afits i think the thing that stands out is after second quarter guidance we know the first quarters or back half of it was hurting everybody and we started some softness but the fact they're willing to give guidance i know will fled was talk ab

a very strong quarter with 20% same store sales. >> joining us to talk about the market day, stephanie link and michael zen from ub s. mike, nice little rally up into the close, but as you said u on the internals not necessarily as encouraging and credit today and in some sub sectors of the debt markets, perhaps starting to flirt with some warning signs, but nowhere near the levels of a couple of weeks ago. >> i would say it's mixed. certainly to get back half of what was lost yesterday. i think the real broader take away is that at least if you squint and look at this week's chart, it looks like things are maybe calming down on a week to day basis,s it's down just over half a percent. if you go back a week ago today, that was the high post rally >> it's pretty typical if you get a severe crash then a rapid bounce i think the lowest take away is the down days are not getting out of hand and not carrying into the next. >> the swings from highs and lows, 2 and 3% move rs not 9 to 12% moves, which is what we were seeing a few weeks ago >> you don't know if that's the way it's going to persist.

giving you a hard time. >> all good, all good. >> in case you didn't figure that out stephanie link fromndon in ohio, which financial stocks should i own right now >> i talked about wells fargo is the one i'm adding to and i was a couple weeks ago with 8% and now 6.7% and the stock has gone up i like it because it's a story stock. new ceo. there's a lot to do to restructure but if you want that's proven is bank of america did an amazing job in the downturn communicating to the public, to their clients and the musters. they have an aggressive cost cutting strategy this is always kind of had a laggard in terms of the yield relative to the group so that's the one to add if you want like a proven winner. the turn around story, as well. >> lastly, john, from eli in pennsylvania i'm a young investor looking for a good, cheap company with a covered call what would you suggest >> scott, just very quickly, you and i talked about apple a minute ago i looked out 30 days into the future those at the money 65 calls, those are the 265 calls, trading for almost $15, scott. i defy you to find a better c

and joining us to talk about the market day in the meantime, stephanie link, also larry adam. chief investment officer at raymond james, but first, mike, i'll go to you i know you've been talking about it in the past hour and really all day. this rally we have seen within the markets, the fact that the dow is now up about 30% from its march 23rd low how sustainable is it? what are the levels you're looking at next? >> i mean how sustainable is it? a tremendous question and very, very kind of timely at these levels because you've regained basically half of the total decline of the s&p maybe it's logical for it to pause and pull back and tell you whether this is just a very strong bounce off of very oversold conditions or if it's something else i think it's fairly likely that it's going to be range bound for a while at best. now i think you can basically say that the fed has taken away the scariest scenarios in terms of a disorderly meltdown in credit and ill liquidity in the markets and that's part of what this was about i think you fed off a fair amount of both oversold condit

stephanie link, josh brown it's good to see everybody back with us today.

. >> stephanie link, last thought?i would focus on fundamentals it is earnings season and j an j was a standout by a mile really like this company and they raised their dividend for the 58th consecutive name. focus on fundamentals. >> great having you all with us today. pete, good having you back for sure. >> thanks. >> across the board, we have strong rebound going on for stocks kelly evans picks that up now. >>> thank you, scott hi, everybody. i'm kelly evans. the nasdaq is leading the way once again remember, it was the only one that closed positive yesterday it is having the longest winning streak since december. take a look at the levels. up nearly 3.6% on the nasdaq the dow up 2.25% in the nasdaq, tesla, united airlines and fasten al leading the way. there's the positive tone for stock this is afternoon. it is a different story for oil. back tsl

join iing us, stephany link is still with us., mike, to you on what was actually a pretty jumpy day. got those gilead headlines from the financial times. slipped on that. came back up then went back down into the close what was the market thread the narrative to that? >> it was hard to really pull one out to be honest with you. it was an upward drift kind of piling on yesterday's little relief rally i think really what's been going on here for two weeks is the market has been digesting this huge rally ran right up into these levels broke 2800 on the s&p. really seeped like would be a little more of challenge after such a 25% upside run in a few weeks and i think we're going sideways banks up today even though yield did nothing and so it's a lot of internal action as the market sort of consolidates here, so i don't necessarily see really a definitive clue in the action today in interpreters of where it goes from here except to say that the market is not really hinging on the immediate economic numbers we're getting much at all. ev

stephanie. these are truly staggering. we're talking about 733 cases that are linked directly to that plant. we're talking about 598 employees and then another 135 contacts of those. if you put it into context, we're talking about more than half the cases in the entire state of south dakota are linked to a single building. so that plant is shut down indefinitely. it provides about 5% of the nation's pork supplies. so certainly concerns over what it looks like when we talk about supply. there's another plant we've been reporting on as well here in georgia about three hours south of atlanta, camilla, georgia. they shut down for 48 hours after four employees died. here's the son of one of those employees. take a look. >> she was like, i don't know how i'm going to work. i'm sick. she's like, i know my body. i'm sick. >> were you concerned your mom was still going to work? >> she said, baby, they telling us if we don't come, we don't get paid or risk getting fired. and she had to go, you know. >> so stephanie, that was willie martin. he told me his mother annie head been working in the plant for