tony dwyer showing his horns 16% higher in the next six months he will be here to tell us what has him pounding the table plus pot stocks heating up as canada gets one step closer to legalized recreational marijuana and tim seymour has one name to >>> first, we start off with big tech rally queue the 1999 music, because the tech sector is closing at another record high today. e everyone has been watching meg cap bank stocks, quietly a number of speculative web 2.0 stocks have been on a tear check out etsy, grub hub, angies and zillow surgingting multiyear highs so let's get deep here. what does the rally in these kinds of stocks say about the broader tech >> what it says to m the complacency in the market is back to where we were. everybody thinks the fed has our back and they may be right the market has basically staved off the lows on three different times, tony dwyer will speak to it but what it says the vix is below 12.5 people are looking at valuation and they don't care. angie's list 54 times so valuations don't matter. their stocks that have performed extraordinarily well over t

plus, it's a new spin on the fast pitch top strategist tony dwyer. into retirement. market volatility isn't top of mind. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they're less concerned with market volatility and can focus more on the things they're passionate about. talk with your advisor about shield annuities from brighthouse financial- established by metlife. that's confident. but it's not kayak confident. kayak searches hundreds of travel and airline sites to find the best flight for me. so i'm more than confident. how's your family? kayak. search one and done. >>> welcome back wall street's biggest bull says it is time to bet big on one particular sector. tony dwyer, chief market strategist, joins us now for a special edition of the "fast" pitch. tony, give us your best shot >> all right, good deal. so the number one question i'm getting from investors is are productivity trading or more specifically

tony dwyer showing his horns 16% higher in the next six months he will be here to tell us what has himtable plus pot stocks heating up as canada gets one step

tony dwyer will tell you the banks outperform when the yield curve first flattens most people say, wait, flattened yield curve, the banks can't perform. i think this is an opportunity if they start lending at a bigger level, more valiolume, t it's an opportunity. >> the biggest problem i have with this whole fen fascenario e have fang again going gangbusters. this is where people think the secular shifts are in place and absolute monopolies, okay. so the bank stocks are supposed to be -- the banking companies, the major beneficiaries from this tax cut we got late last year why is it we're seeing this crowding into this group of stocks that actually doesn't need the tax cut for, you know, growth and you have the group that's supposed to be the biggest beneficiary acting like you know what. >> first of all, i don't think they're supposed to be the major beneficiary. >> really? >> yes, really. >> banks aren't the life blood of the economy >> you're the one saying that. i would put it more towards manufacturing. >> every day in "the wall street journal" and on this network >> the bottom lin

eastern time tony dwyer said there's a group of stocks to buy right now he's going to tell you what it> still to come, snap shares down 20% over the past year and facebook soared some 30% the ceo of snap has a plan to keep snap's competitiveness. that's next. >>> shares of google finished higher after announcing a big push into e-commerce in china. details coming up. what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, deals, done! tripadvisor. visit tripadvisor.com (barry murrey) when you have a really traumatic injury, we have a short amount of time to get our

and global economy, former imf chief economist ken rogoff >>> wall street's biggest bull tony dwyer saysly 16% from current levels find out what has them pounding the tae.bl tradingnation.cnbc.com more "squawk on the street" in just a moment. at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. captured lightning in a bottle. over 260 years later as the nation's leader in energy storage we're ensuring americans have the energy they need, whenever they need it nextera energy. chicago. rick santelli with the santelli exchange and a special guest rick >> yes, that's correct, sara professor, doctor, ken rowgoff, welcome. >> thank you >> listen, we have productivity in the states today. be replaced a preliminary number of 0.7 with 0.4, that's our first quarter final read for 2015 and 2016, globally, doctor, we had a 1.4% productivity rate and if you strip out the 1998 asian crisis and the 2009 credit crisis lowest number, rec

market's been doing and extrapolation perhaps it's going to continue for a little while, guys >> tony dwyerterday said he thinks the market trades 20 times earnings end of the year, a high one on the street, 3200 for the s&p. the point is if we know earnings will slow and that's built into the market already, what if that other ways stock prices could rise overall >> sure. kelly, i think the way you might get to a 20 times multiple, he says bull markets often get to that point in history, 20 times trailing multiple, is the fang stocks drive us there. that's one way to do it. high multiple and high growth stocks outperform. it drags the overall earnings higher or there's clarity, the fed could pause, and all the sudden we revalue things higher across the board there's no se path that we know this market is going to >> okay, mike,retuff, lookear. forward to seeing you later in the show joining our exchange now, shannon, keith bliss, and rick santelli rick, starting with you. at the top, eight straight days down for the dow, down more than 2% week to date. is this getting concerning we said tr

coming up the chief executive of iac joey levin joining me on set is tony dwyer and rob cox.ff today. welcome to you guys. thanks for being here. the big winner on the dow was disney today with all the fox stuff we'll get into in a couple of minutes traveleres the big decliner 21st century fox big today on the news and starbucks down 9%. that's a huge drop for a company that told us yesterday after the close, much worse throughout the session today. let me ask you what you think about the markets overall here >> kelly, i'm still pretty excited. i jumped my target i think i'm the highest on the street now i'm looking for 13%. >> you think the s&p has gone up 500 points from here >> no, no, no. 3200 is my target. so it's 15% from here. yeah it should, actually. the fundamental backdrop is there. so many people are saying that the value weighs, the market's discounting the positives. i would say the opposite i think it's discounting the slowdown in the 12% drop here's why i say that. you would need some kind of financial and economic armageddon from my 160 number for 2018 earnin