tim seymour, steve grasso and charting the chips, the semis are sinking and the investor says buy this dip and what he sees is the big bounce we are gearing up for another week of earnings met a alphabet and amazon all reporting and forget big tech. we have four other names to keep on your radar and later the ultimate comeback kid. check out this big about face in today's session. we'll tell you which stock started the day in the red and ended with nearly a 10% gain, but we start off with a big old rally to end one wild week all three major averages surging to the close to hand in their best performance this year the real action was in technology and the nasdaq jumping 3.1%s for first weekly gain in five weeks and apple was 7% on the back of its results. microsoft, alphabet and microsoft seeing strong gains. is today's action a temporary bounce or is there a turnaround in tech land we asked last night, did apple just save the techtrade, tim, kind of looks like it did. >> well, so did microsoft this week and google and you have amazon, as well. the question for mega-cap tech is really -

we will look at these three groups, and get some tech support from our friend steve grasso happy newr, steve. first we are going to hear from bob pisani on what we are hearing called the great rotation bob? >> tyler, the rotation is very real today it's happening again we are seeing cyclical stocks, bank stocks, energy stocks, industrial stocks hold up very well the theory here is omicron may slow down, but not derail the recovery that's very positive for the stock market overall what we are seeing, though, is some rotation in the tech names. this has been going on for the entire week, frankly if you lake a look at the mega cap tech names, okay they are having a tough time, down a bit on the week. but this is small potatoes given how volatile the tech stocks can be what is really happening is the fanatic tech names, shopify block, zillow, twilio, door dash if you put those up, you will see much greater declines here 14 fundraise for shopify, block. just one week, the declines we are seeing block is down 9% for the week. much bigger declines why is this happening? when interest rates

steve grasso, do you like intel in this world of growth, could fall in the value bucket. >> definitely in the value bucket is under performed inviedia and outperformed on a relative basis, has gone down less in the last month, three months when you look at it, on-shoring they'll be ahead of the supply chain, they're the latest ones to do that in a big way. do people want their chip versus the other chips out there. have to ask yourself that. and technically the 100-day moving average has been resistant on the stock 56.25, stock is traiting at 51, say, 52 so the up-side is limited since august last year >> tim >> well, look, i want to hear pat gelsinger and i have a lot of confidence in this man who has put the pedal to the metal in terms of capex spending it's an arms race, samsung and intel got room to cap up the capex is function of infrastructure build out, equipment, new plants, we definitely want to hear more about ohio, there's talk about $20 billion in capex there the fact that south fire rapids chip is online is great. again, their next generation release. the valuation 10, 11

does steve grasso sell it?i still own apple every time you try to trade am, you lose you're never going to sell it at top and never going to pick that bottom think about what this year will hold ar, vr i know we have been talking about car forever. there's going to be something there whether they work in collaboration with an ev company or not there's going to be a host of positive catalysts for apple i think the stock is headed towards 200. people are going to return to this name. i'm staying in it. i would not like to sell it. he's got an incredible gain. if he wants a trim, trim >> do you agree? talking about whether the demand has been pulled forward for a company like apple with the pandemic do you think there's fresh catalysts? >> i think it's always a mistake to bet against the next thing that apple is going to drop on us anybody who tried to make that over the course of the last ten years has paid painful price the real issue that i have for nidal on this is not apple so much but actually the relative c

. >>> steve grasso, how much would you wait that rely la torrie or d.c. or bank risk, if at all they didn't want to fung a lot of these endeavors, but th probably is, i get the tailwind and headwind is both political i don't think the biden administration wants to oversee maybe $100, $150 imperil of oil. they're kind of forced here. they want to push alternate activities, but you also can't have country driving a pickup truck or suv spending $200 at the pump to fill up the gas. they're kind of purl into having a bit of restrained here i would say you have to wait, but i think the deeper you get into the middle of the year, the less bullish i am on the energy complex, if that makes sense >> it does, but right now it is the place to be. right now, though, we've got a news alert for you on amc bertha coombs is here what's going on? >> a lot of more stock sales from adam aron, selling more than 312,000 shares yesterday that sale was part of a planned sale in fact, he clarified that in a tweet just a few minutes ago toward year end, and under a chase he says h

before we move on to our first guest, steve grasso, the final word here. you can talk about hi comments about the fed and inflation, and that he seems to want the fed to bear down on inflation and bear the brunt of making sure it does not become entrenched. he did guess passed an infrastructure bill before the hole dates, so there might be a build back never plab or might be cut up. if you have to look at caterpillar, john deere, uri, definitely underperformed. the chart looks better than the rest, but pick up where tim left off. all of these names are your russia/ukraine bets. china, taiwan, bets after the olympics when make when they lift their head up a bit general dynamics up 4% in the month, lock heat up probably around the same am those charts are probably where you want to be off of that interesting point. there's a call for investors at home to think about. for more reaction now to the president's comments, let's turn to ed mills, washington policy analyst at raymond james welcome. good to have you here. what did you hear the president say with res

. >>> tonight ace lineup, steve grasso, jeff mills, nadine termen, and pete najarian. welcome, everybody good to be with you the dow dropping 200 points to close out the week with jpmorgan, goldman sachs, american express. together, shaving about 170 points off the endetection that's most of a -- the weakness coming after earns from jpm and citi both dropping after warning of rising expenses, particularly with wages, wells fargo a surprising, so was this a case of traders selling on the news, or is there something more going on here? steve, let's start with you. not lose sight of the fact this is obviously one day's trading, and there are an awful lot of favorable wins, are there not, supporting the banks industry? >> yes, but when you think about banking, tyler, you they about the xlf, the etf for the financial sector of which berkshire and jpmorgan make up about 25%. so if you look at berkshire, it's not really a financial, it owns a couple things there it owns appearing, koch, a couple other names that's the one i would continue to buy jpmorgan, when you think about

i'm in tonight for melissa lee tim seymour, steve grasso, who lost the woodsy plaid shirt from yesterday, now wearing white nadine turner, welcome, and pete najarian lady and gentlemen, thanks very much we start with our chart of the week that would be none other than the ten-year yield breaking out in a big way to start the year, up a quarter of a percentage points, in just the past five days, touching its highest level in roughly two years that's the rising star are we headed to 2% or back down to 1.5%? tim, what do you think >> first off, tyler, i just had one of my new year's wishes come true, that tyler at least host once in 2022. >> it's been a while. >> it's too long maybe they'll tag you for the new year's show again. who knows? let's get back to the ten-year, we're through the march highs, there's a sense that some of this is really about new fed guidance, a bit more than we got from the fed minutes on wednesday. without getting to wonky on the show, because we try to keep it relatively straightforward real yields have fallen about 25 basis points, which is some sense that peopl

joining me is steve grasso steve, it is a lot better look this afternoon than a couple hours ago.eah. probably nothing when you have to think about this everyone is panicking and they always ask you as a trader, does it feel panicky it hasn't until netflix fell off the cliff. people are starting to look at the economy and saying, how's the underlying economy that's all that an investor should care about. the underlying economy is sound. manufacturing, pmis are good europe is beating. asia is beating. the only weakness we saw in the u.s. on the service component caused by the omicron virus. i don't know why people are panicking over did economy because now you have the fed and goldman is tripping over themselves to say how many times the fmoc will raise. what if they raise half of what the market digested? we rally. >> right. >> so my point is, if they raise less then what happens to the dollar the dollar comes in so that decreases the pressure on the front end of the curve which will increase the steepening of the yield curve so value outperforming in that scenario. >> i so agree

here to break it all down we welcome josh lipton, kate rooney and steve grasso, grasso ceo and cnbc contributortcoin leverage is hitting a record high adding more concerns to crypto collapse. i don't know if it is collapse it dropped 20% in december new data from coin share showed crypto outflows hit a record of over $200 million. kate, for a lot of people it feels like collapse if they're sitting with declines of 40% >> right depends where you bought the bit schecoin spot markets he been quiet struggling to bring in new buyers coin share had some data there but glass node had some research showing it is at an all-time high in terms of leverage. the takeaway is there's more interest in bitcoin's price and speculating on whether it is going up or down and seen more as a speculative bet than owning the asset now. glass node says it is an aggressive taste in terms of growth they hit an all-time high, and they measure that by open interest that's really the stem of the open contracts out there, hit a new high this week it is up 42% just since december they look at something called the leverage rati

joining me now with the story on netflix is our own julia boorstin and cnbc contributor steve grassore with his zip-up turtleneck blazer >> i went from the woodsman of westchester to this now. [ laughter ] >> julia, kick things off for us >> well, kelly, you know with netflix, what's even more important than this top and bottom line numbers is subscribers. netflix itself forecast that it would add 8.5 million subs in the fourth quarter analysts are more skeptical. they're forecasting 8.2 million subs in the fourth quarter but what is even more important than q4 subs is the guidance that netflix gives for the first quarter. analysts are hoping that there will be 6.9 million subscribers projected, and, kelly, we know that the vast majority the subscribers both in q4 and in q1 will be added internationally. netflix is investing a huge amount in content. they are expected to spend some $19 billion on content this year that's an estimate according to wells. and that would be up 13% from what they spent last year. and then of course they've been rising prices here in the u.s. in order to c

i think it will be a market performer and steve grasso tweeted this today and there is a lot of truth to it, now that it is gotten to the $3 trillion mark, the next obstacle or the next threshold is going to be $200 a share and quite frankly there is every indication it is going to get there. >> yeah, i mean we have to think about what is next for apple, don't we, dan, or do we not? can we get to the next milestone with services and not revolutionary new products but evolutionaryproducts >> yeah, really what you're getting at is there is something around an automobile whether it be autonomy or something like that and that would be a heck of a service they don't even need to do much as far as hardware is concerned. guy said dan talks about it all of the time. listen, this is a universally loved stock. it is not one that for instance that i have picked individually. but it is becoming an increasingly part of anybody's portfolio who owns a spy or a qqq, etf, or mutual funds that track them and you think about it is 7% nearly of the s&p 500. it is nearly 12% of the nasdaq 100. this is a c

. >>> tonight ace lineup, steve grasso, jeff

tim seymour, steve grasso and charting the chips, the semis are sinking and the investor says buy thise we are gearing up for another week of earnings

hire ♪ ♪ >> steve: oregon's progressive democratic governor kate brown under fire as her push for clemency frees nearly 1,000 convicts from prison early since 2020. our next guest melissa grassoa joins us now along with kevin manic them attorneys with the manic law firm which filed a case against the governor. good morning to all of you. >> good morning. >> steve: melissa when you heard he could be released early, your fiance's killer, what did you think? it was a joke? >> a little bit at first, nervous, scared, terrified, her broken, you know, kind of all of the feelings come rushing to you in that minute. >> steve: absolutely. if he is released, think about it, he is still your fiance. he might be coming for you next. i know that is a worry you have. >> yes, it is, he has had 16 years to think about how i played a part putting him in there. he's had 15 years to build up anger and frustration and in the situation that put him there. >> steve: your only source of protection is a restraining order? a piece of paper to protect you? >> that is what i was told. a little frustrating because, obviously, a pits of paper against murder is a little frightening. >> ainsley: monique you