mariann: i will start with suntrust.hey are the larger of the two, at about $32 billion market cap. this is not just a banking organization. within that part they do have an acceleration in commercial loans taking place. they are in a favorable part of the u.s., stronger growth in the southeast corner. they also have an investment banking business. we expect to see more investment banking mergers and acquisitions taking place this year. in terms of the dividends, they currently pay about 2.4% rate. we think the fed will allow them to raise that by about 15%. it is a nice midteens type of return story. scarlet: suntrust has a market cap of about $33 billion. as you go down the ladder, you are looking at pinnacle financial partners which is a $5 billion market cap. talk about that company. it is also in the southeast. zeros in ons probably the fastest growth in the southeast, the national market. market.ille nashville has been growing gangbusters for a long time. they are still bringing in about 75 people net new per day i

suntrust confidence starts here ♪ ♪ ♪ ♪ when my vehicle i wwas hit by an ied.r in iraq i looked downout of the fight. but playing for team usa has been a second chance to represent my country. i get to show my children and the world that, yeah, i might have been knocked down, but i'm up, and i'm honored to be able to represent the flag. comcast is grateful to all who have served our country, and we're proud to bring the 2018 olympic and paralympic winter games home to everyone. "catch me if you can" by toplady ♪ ♪ ♪ when we are free to move, anything is possible. this is google home max. it's a speaker that's smart. it'll tune to your room and fill it with music. so if you want to feel all the layers of that acoustic version you love... (song by sylvan esso) ...it's got you. because it's not just about loud... it's about hearing every single sound. or if you just want to bump the bass... (song by anderson paak) ...it'll bump. hey google, turn it all the way up. introducing google home max. part of the google home family. >>> 81.61 is the highest number we've ever seen. will we see th

suntrust confidence starts here this is google home max. it's a speaker that's smart.ll tune to your room and fill it with music. so if you want to feel all the layers of that acoustic version you love... (song by sylvan esso) ...it's got you. because it's not just about loud... it's about hearing every single sound. or if you just want to bump the bass... (song by anderson paak) ...it'll bump. hey google, turn it all the way up. introducing google home max. part of the google home family. we are the early risers. the diy'ers. we are determined. crazy. loyal. proud. we are brewed for this. america runs on dunkin'®. >>> ted ligety has his gold. >> the americans strike gold in sochi. >> can't get enough of the games? hey, google, play nbc sports trivia. >>> this men's slalom victory, especially satisfying for andre myhr myhrer. he suffered a knee injury ahead of the games four years ago. unable to finish his second run in the slalom but gets it done here. natalie morales with him at the finish line. >> andre myhrer, celebrating his victory here. congratulations. gold med

metlife, suntrust. the list goes on of companies because of the tax cuts have waged -- raised their wages. you would call them the working poor. they make less than $25,000 per year and for those about half of them did not get a tax cut. i was just signed into law. i spoke to one of those folks today. have you seen any increase in your pay my payout has been the same. i have not gotten increased. i would be lovely but it's not happening. i fast food worker. the argument would be that these are dead end jobs. mcdonald's stock is moving higher. they don't had 4o1k. we will see. it's an entry level position for teenagers. thank you very much. twenty minutes before that closing bell rings. it has now they might just be straddling out of line. they are out of it. a disney double whammy. by upwards of 9%. and people can handle that price. the steepest price hike. versus a hundred $24 previously. comcast looking to spoil disney. with the entertainment aspects. is comcast fighting a losing battle. ♪ ♪ i can do

you can get other regionals like suntrust and pnc and you don't have the your hang that's why i think the stock is going to lay i don't think you need to be buying it, not yet. >> metlife down 9% in a month. >> they have their own execution issues for sure. >> lincoln financial to me is the best it's got momentum, strong fundamentals nothing do with the super bowl and eagles victory lincoln financial is the one to buy. >> they're all happy people i bet. >> sure. >>> all right. a lot more on "halftime report." don't move. >>> next up, see why this stock is getting a sudden upgrade. plus, what the charts are telling one top technician he has a market note out today that makes a very compelling case for investors to do something very specific. >>> before the break, our data partners on what happens after big s&p days like we saw friday. volatility stays out for a week. in the end, the index winds up positive a quadriplegic la, teup 1.4% the "halftime report" is back in two minutes. sometimes, they just drop in. is and capture opportunities. we enable you to reach global markets and drive

joining us is keith lerner, chief market strategist at suntrust adds viz advisory serv.for joining us. now that we've seen this is volatility, and by some measures it's still elevated, what do you think investors should do? >> well, we told folks last week we thought that the pullback was a buying opportunity i will say when we've seen these sharp declines in the past, the bottom and process typically happens over weeks and months, not days investors should be prepared for a lot of back and forth. when we look back at the last 16 corrections a year later, markets were up 20%. ultimately, we think the bull market still has legs. >> ken -- keith, excuse me what areas of the market at this point have been sort of unduly punished are we looking for areas that have basically been knocked down more than the fundamentals were? or is it across the board kind of haircut that leaves us where we were a few weeks ago? >> what i thought was important is you look at financials. they stayed well above the 200-day moving average, technical trends are positive. we would still move there.

the region banks are cheaper, like suntrust. if it was cheap and you can't say something about it, you know. >> the story still hinges on rates, though, doesn't it? >> it does, and let's continue to quietly the best performer of the entire group it's bank of america again they're crushing once again, and jpmorgan is probably going higher, but i'm going to stay with bank of america. >> i saw moynihan at the super bowl he's been in a good mood. >> should be. >> just got a nice raise. >> maybe it's maybelline >>> final trades. >> dallas tree. >> disney. bought it because of options at this time. >> tweet tweet, judge, up 8% or very, very heavy volume. >> stef? >> financial down, it's cheap. >> joe regens financial. >> tweet tweet >> i don't know what's in there. that does it for us. "power lunch" starts right now >> what's in there >>> free market, is manipulation of a popular index partly to blame for the recent sell-off? if so, what can you do don't worry, we have you covered. apple facing off with shareholders, tim cook grilled

capital one shares are up 15% over the past year, suntrust up about 20.rom store shelves, used to be one of the country's busiest music sellers, overwhelming drop in cd sales led to this decision, how do people feel about this in social media in one person tweeting, starting july 1st, best bye isn't going to be selling cd's anymore, i feel a bit betrayed and another writing, awful day for entertainment. best buy pulling cd's in july, terrible. getting difficult to go somewhere and buy a disk. shares of best buy, they are up 52% in the past year but we were just talking about the success of apple music, spotify, lots of folks are streaming, so where are you going to buy a cd now, i don't know. maria: remember the day that is you had big stores and sold cd's? jon: i was buying record albums. maria: yeah. dagen: by the way, kevin, you were born after the walkman came out. [laughter] dagen: right? kevin: i just read about it. maria: you're busted. thank you so much, lauren, coming up general jack keane will join me next to break what the major troop ship has

morgan, are being relatively discounted versus suntrust, pncs and that ilk. >> got it chris.ur time. >> thank you >>> let's get a news update back at hg with michelle caruso cabrera. >> here's what's happening at this hour. special counsel robert mueller charging alex van der zwaan about lying with his communication with rick gates. he worked for a law firm that said it terminated him in 2017 >>> donald trump jr. arriving in new delhi to promote his family's luxury apartments. >> he met are real estate developers at a five star hotel. he will have dinner on friday with those who buy an apartment by thursday. turkish president erdogan telling legislators that troops will soon begin the siege of afrin in northwestern syria. turkey launched an offensive to clear the city of syrian kurdish militia which it considers a terrorist organization >>> iran says it located the exact site where a passenger plane crashed over the weekend killing all 65 people on board high winds made it difficult to fly helicopters to the crash area >>> and that's our cnbc news update back to you. >> miche

messages 82,000 customers, some really, really great deals like companies like farmers' insurance and suntrustank. seeing significant growth in financial services, life sciences, the government, a lot of regular lated industries sending more money to box. i just asked about dropbox as well, following that ipo, a competitive threat that he poses to his company, and aaron levy tells me they are focused on mid-market organization, going against the largest enterprises in the world, and generally focused on consumers and teams within companies we are 100% enterprise, fundamentally, we're in different parts of the market, and going after two different spaces conference call starts at 5:00 p.m. eastern kelly we're on it. back to you. >> josh, thank you box shares down 8.5% it was near 10%. mike, i wonder -- if your dropbox and just filed and becoming public, the much larger competitor to box, does this mean that you have now a hurdle or that you -- are you gaming market share or is the market -- >> i think you are gaining investor mind share coming out there, and it might be a challenge for box to n

. >>> a new survey from suntrust bank shows 40% of american families are paying more than $1,000 eachchool activities. at least 20% spend more than $2,500 the majority of parents polled say that they saved money by sacrificing on indulgences like eating out you're up to date. that's the news update this hour i'll send it back to you, michelle >> all right thank you very much, sue let's take a closer look at what's going on with the sell-off at this hour. the dow dropping almost 700 points at its session lows now off, when you add it all up, 2,000 points from its january 26th record high the s&p breaking below its 100-day moving average right now the dow is off 563 points, the s&p lower by 53 points, a decline of 2% and the nasdaq also a decline of 2%. 153 points take a look at treasuries. on the back of that weak 30-year bond auction remember, a bond auction is when the u.s. government borrows money from investors and there's concerns that with the fed not buying as much anymore the big spending deal that we think we're going to get out of congress and a hot economy there's going to b

rbc capital raising snap to outperform suntrust raising it to hold from sell jpmorgan raising it to neutraleverco up to inline from underperform lot from we hate you to we tolerate you jeffries continues to have a hold rating. here the analyst who made that call live from our san francisco bureau the point i was trying to make, brent, upgrading something to a neutral is kind of like saying, dad, i went from a d minus to a c plus they're less angry than they were how much of today's move is merely just short covering >> i think you nailed it in the segment earlier, 20% of the float is short they missed three of the four quarters being a public company. the stock lagged the comp. since going public late last winter. lot of the the news is negative, one of the least asked on names in the universe we cover you have a lot of short covering expectations were probably the lowest among the internet names and they had a good quarter, beat the revenue by 33 million, good user growth, and we think they're on a decent trajectory over the next two years they'll lose well over $1 billion to gain $2 billi

. >>> come on in, keith lerner with suntrust advisory services. is it over?d down, up and down and today pretty much straight up. is it over? >> hey, stuart, i think we made a climactic low and near-term about to see a lot of back and forth. ultimately we think after several weeks or a month of back and forth we ultimately think the market will start to move higher again, that's typically what we seen historically after the short-term moves that we've seen over the last few days. stuart: let me repeat, that keith, you're saying when the market was plunging, not the final hour when it was going straight up, the first few hours of trading, that's when we hit a low and we're bouncing off that low and not go back below that low. is that what you're saying? >> well, what i'm saying is this. when we've seen this historically, you get a retracement like today. not unusual to retest the low from yesterday or go slightly below that. but at the end of the day, we think markets won't go much below yesterday and telling our clients yesterday, we thought yesterday's pullb

i like suntrust which we do. get all of their income in the u.s., so they bet the full force of this u.s. tax reform to their bottom line. stuart: i want to go back to apple the turn around is so spectacular. apple such three bucks to 163 is there something you can point to other than you buying it that has apple going to 163? >> i don't believe i moved apple, stuart with my purchases. i don't think there is any specific news. i think this will be a leading rebounder just showing the way. this stock as you pointed out at top of the hour, at top of the last hour was the first of the big techs to get fully into correction territory. i think that people saw the good earnings, what the services are doing in the stock. all the things that they're doing with the app store, music and other services. that this is, that this is a positive thing for the stock, and that is going to bring it up some more from here. stuart: two more stocks, very popular stocks that run up big-time, i want your comment. first of all, amazon, i