ste ste steve weiss what do you want to buy? >> i'm not buying into what jeremy siegel is saying. he's a brilliant guy, but i've never found economists or strategists can make me any moan unless it's james renaissance. so buy the cyclicals as well. >> retail's on fire today, too, coach rising to a report, hitting fresh 52-week highs, include dollar tree, limitedbrands. anybody buying any of these names today? there's a lot of names here, it's coach, dollar tree. >> if you look at home depot, what we've been looking at is a recovery in housing. i've seen money flowing in. >> it all has a space. >> dead on correct, the home builders have anticipated a massive recovery. i'd much rather be in home depot than those. >> the home builders probably are at a point where they flattened out. heap dao po, lowe's, all of those. >>> up next, a prolific deal maker gives us the lowdown on his next flay. floyd wilson is on deck. >>> much more "halftime report" is on the way. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the bi

i have to think it will. >> steve weiss. >> i agree with that.you comfort of his successors or rumored successors, he's got three of which ones are candidates, would anybody give you comfort if he came out and identified it, i'm willing to buy it now if that were the only reason holding you back? >> the honest answer is no, other than myself. the reason i'm say thag is because we've seen berkshire hathaway be presented with some opportunities that i don't think would be offered to anybody without buffett's reputation. the bank of america deal, the ge deal, et cetera. i don't think there's anybody on the planet that has the reputational strength to earn that sort of deal. so i think we're likely to see less -- fewer opportunities like that. and i think there's also a risk that a lot of berkshire's operating ceos who have a lot of loyalty to warren buffett also take it as an opportunity to retire for themselves. >> we're tight on time. forgive me. we'll have you on again. >> better financials for berkshire to buy. essentially it's a monster conglom

any one of you guys, steve weiss, first. >> it's truly old tech.no longer the bellwether for technology. businesses are more commodity businesses. i think it's had a big run. i would rather put my money elsewhere. >> kyle, are there other names besides cisco that may continue to be leaders and outperform in the tech world? clearly cisco was in the fourth quarter of 2011 it led tech out of the doldrums of september and clearly looks great going forward. but are there some other names that you can continue to own rather than a cisco and play the good old blue chip tech companies? >> sure. your option would be microsoft. capture a bigger dividend. when you look at cisco, you have eesz si compares coming up for the next couple quarters because the company was in the middle of restructuring. >> not only that, but you can sort of hear it in the commentary if not the trades of my guys. they seem skeptical, right? on cisco. one guy's asking you about other plays, weiss is saying it's truly old. he's not liking it either. i mean, is it possible here -- and

dominion resources. >> steve weiss. >> all scripts. they missed the quarter slightly. i own it.ou can buy it right

i'd probably wait for a little bit of a pullback. >> patrick, steve weiss. so i'm assuming by what you said about same-store sales trending as they were, that they're seeing no hit from oil prices at this point. >> not yet. >> not yet. that may be yet to come. i thinkwe start to get close to $4 per gallon on gas, and it looks like we're moving in that direction, i think that's when you see consumers, you know, pull back. >> good to have you on the show as always. let's trade the retailers now. you have an interesting trade murphy today. what are you short jcpenney against long macy's? >> correct. >> shorting ron johnson you're long lundgren? >> not necessarily. but long macy's for some time now since the mid 20s we've been long and the stock's just been performing. the reason they've been performing is they're taking market share from everybody. macy's put together a plan that they imletted and it's working. they have same-store sales are up. they're trading at a low multiple. still trading down at 11 times earnings. versus now with the stock up here, pushin

joining me live on set, steve weiss, managing partner, short hills capital.hil orlando, chief equity market strategist federated investors. and stephanie link, director of research for thestreet.com. phil orlando, welcome back on the set. i want to know, i don't care about this 3 1/2-year high. when do we beat the all-time highs from october 2007? i'm ready. i'm waiting. when do we do it? >> our best guess is that we get up to the 1450 left by the end of this year. that puts us maybe 100 points shy of that. if we get some decent election results the end of the year, europe and the emerging markets continue to move in the right direction, that could be -- >> what kind of election results? give me a hint on that. i love a guy who does a little politics with the stock market. >> certainly what we've seen this morning was good news for the president. the important thing, though, is maintaining control of congress. i saw a report that deutsche bank put out not too long ago. said the key thing is maintaining both houses of congress. in that event the stock market o

and let's just get a comment first from steve weiss, because stephen weiss bought diamond this morningn? what were you thinking? >> well, hey, judge. i actually bought it in the premarket. and i bought some when it opened for trading. here's what i'm thinking. basically, i don't have a nut allergy. so i'm ok with diamond foods. >> maybe you're just nuts. how about that? >> sometimes you have to be a garbage man. when people throw things out, i look to see if there's still some value there. here's how ridiculous it is. you had an analyst today that lowered his price from $75 to $25 and suspended earnings guidance because he didn't know enough. so i guess doing your homework is apparently too high a hurdle. what i see here is i see $1 billion in revenue, and i see the nut business, which is not going away, at about $400 million of that. so right now if i take the nut business completely away, i'm buying the stock less than one times earnings. i have the former ceo of del monte foods the ceo now. they have identified i see goin is i don't know when the restated financials are going to com

but if you believe, as steve weiss just pointed out that the u.s. economy is starting to get into the self-sustaining recovery this is a dip to buy in stocks. i kicked it out of the before, gold. you need to wait on gold now. i think you can probably still stay in stocks here, as long as you believe that the economy's on a self-sustaining recovery. >> cortes, your comment. on a day when seeing silver, absolutely hammered just as gold is down, silver down 7% today been. >> i wish i were short both because i don't like silver and gold but i'm not involved in the trade. a day like this shows you how dangerous and volatile those marks can be, almost $100 range on gold. i'm not a fan of fed policy but i agree with the chairman on this. he reiterated this today. there is still a tremendous amount of slack in this economy. and given that, it is not an inflationary mind-set. you do not want to be owning gold. last time gold traded these prices we had fast-rising wages and real estate in '70 and '80s. you had the opposite today. gold and silver dangerous. i

. >> steve weiss. what we're talking about are trends we've seen in place for awhile. as you looked at the report and your study what was the most surprising thing that came out of it in terms of let's say you know, allaying some fears or accelerating a trend? is there anything there or just we keep going the same way? >> well, i think that that's fair. some of the things that surprised us, particularly in the apparel business while consumers have moved a lot online including clothing, about 30% had bought some kind of clothing online that seemed to be stopping. there wasn't a perception that you'd have an increased penetration on line. and clearly what you're seeing is things like free shipping and a great website are important, but brands are definitely important. amazon didn't seem to be making as much hay in that category. despite the fact that there's been fears for a long time that they would move in that direction. so there's a number of smaller things in the report, but i think that's a big one for us. >> david, good to have you on the show. >> thanks for havin

steve weiss, ticker. >> wlp. managed care, raise prices, like it. >> patty. >> cbi. higher gas. >> john. >> utx. >> brian. >> buigld. >> tu for watching. have a great weekend. >>> thank you very much. three hours to go in the trading day and investors are wondering will it or won't it? will the dow close above 13,000 for the week? and maybe more critically, can stocks keep rising as oil climbs higher and higher? we're going to hit the debate from every angle. >> we certainly will, ty. and also big blue's big move. ibm up 55% in two years. you heard me correctly. it's a huge factor in driving the dow higher as ibm approaches $200 a share, does it still have room to run? >> and investors have been feasting on restaurant stocks, but will gas prices take a bite out of their margins? no shortage of metaphors or insight as i look inside the sector. >> i'm tyler mathisen and mandy drury and brian shactman, the friday edition of "power lunch" begins right now. >>> it is a friday. forgot about that, ty. oil prices high er. we'll get to bob pisani in a second see if it will fa