very busy week and later on options action, it was one of the hottest trades this week, virgin galactic rocketingl time highs ahead of earnings next week. so how do you position yourself before the report? we have some answers l that and more after the break. that is amazing. you wanna see something amazing? go to hilton instead of a travel site and you'll experience a whole new range of emotions like... the relaxing feeling of knowing you're getting the best price. these'll work. the utter delight of free wi-fi... . oh man this is the best part. isn't that you? yeah. and the magic power of unlocking your room with your phone. i can read minds too. really? book at hilton.com. if you find a lower rate, we match it and give you 25% off that stay. expect better. expect hilton. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time,

liberty. ♪ ashley: virgin galactic, well, coming back down to earth after shares rocketed up as muchthat is, earlier, touching an all-time high. this after park west asset management disclosed a 2.1% stake in the space company. that made the seventh largest shareholder. virgin galactic stock has tripled over the past three months but coming back a little bit. the stock up now just over 4%. >>> also heating up, the space race. blue origin has opened a new rocket production facility in huntsville, alabama. the rocket company which is controlled of course by amazon's ceo jeff bezos will begin producing the be-3u and be-4 engines essential to launch rockets into space. the new factory will host more than 300 employees and produce up to 42 engines a year. what we need of course is some test astronauts. i wonder if connell mcshane would volunteer to try out one of those space rockets. what do you say? connell: we have had that list of colleagues we would volunteer to go into space. you don't want me to make that public, do you? ashley: no, no. connell: oh, man, that would be fun. ashley: w

it is not just like rockets with virgin galactic.he exciting aspect of the company that will disrupt the market? justin: investors are looking at the fact that this could be the early stage of what is called hypersonic point to point travel. traveling from new york to singapore, you could do that in notinutes or an hour and travel all day. granted, nobody is building any vehicle right now that can do that, but if virgin sorts this out and start flying people, they get revenue and it becomes a business, suddenly they have the capital to invest in this other business that is a much larger market. every disney traveler to -- business traveler to asia or the middle east wants to go more quickly. >> i need one of those to get me from the east side to the west side of manhattan. we talk a lot about moon shots. moonshot.little of a when we talk about the competitors here, none of which i believe are public companies, when do we see them enter this space with any real authority? justin: virgin galactic says they are going to fly customers th

i'm bob pisani space is the place tourism company virgin galactic has seen its stock sky rocket. p with that and everything else in this space? the symbol ufo get it tom lyden is also with us and andrew, give us 20 seconds what's going on with virgin galactic temporary thing, are there fundamentals behind this >> a few things. one, more institutions are picking up coverage on this. it's getting more attention from the banks, two potential short squeeze and three, scarcity factor, investor exposure to space tourism. >> there is a huge interest in space all of a sudden. not just virgin galactic but communication stocks, iridium, maxar, loral they've been moving up as well what's behind the move in the satellite space? >> large belief that the next wave of growth in the space industry will be coming from broadband. with data generated ashd the world with technologies, it's bringing these names back in play. >> tom, the interest level is suddenly there and it's reached a critical mass, in interest with the general investing public. >> more than just "star wars" rides for rich people f

." >> virgin galactic has been a rocket so far this year, losing some altitude today. down 5 1/2%. have the ceo post earnings about what's coming up the next stage that's coming up on "squawk alley. legendary terrain in telluride, the unparalleled landscape of park city, or the famed peaks of whistler, you've faced the hassle of lugging your gear through the airport. with ship skis, you're just a few clicks away from having your skis, snowboard and luggage shipped from your doorstep to your destination. with unrivaled pricing, real time tracking ship skis delivers, hassle free. ship ahead and go catch those first tracks on fresh snow. ship skis. your skis. delivered. >>> welcome back to "squawk on the street." investors have been looking towards the bigger relative dividend yields in real estate stocks as interest rates have fallen and hit record lows this week now i will send it back downtown to you at the new york stock exchange. >> thank you very much down 14, as we said earlier, close to session highs looking at faang, story of the day so far apple, huge help, vix 25 is encoura

in fact it has been rocketing apropos because virgin galactic and ceo is joining us. stock up better than 200% through all of this. after this. at fidelity, online u.s. stocks and etfs are commission-free. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk neil: might be a bumpy ride for stocks this week today notwithstanding although it has been a crazy ride. if you think about it, virgin galactic, that stock this year more than tripled. it is down a tad. started the year $11 a share, now at 32, $33 a share range. ceo of, virgin galactic ceo george whiteside with kristina partsinevelos at the new york stock exchange. welcome. >> we're celebrating george's 10-year anniversary. he has been with the company for 10 years. even though the company went public october 28th, 2019. talk about the trajectory. the fact you're seeing stellar movement. cone gratlations i'm sure you own shares too, right? tell me more about virgin galac

virgin galactic. a week ago today, it was 42 and change down to 19.11. more than half this one week. >> rocketso up, they also come down watching the weeks, it went from high school to mid life crisis quick had the past week. microsoft with the warning last night. not much worse than the rest market so far today. >> we will watch all of the classes on an important session. let's get to the judge back at post . >> appreciate it i am scott wapner. stocks under selling pressure yet again, another tough day on what is the worst week since the financial crisis >>> the investment committee is ready to go. "halftime report" starts right now. we begin with stocks in correction territory it has been

virgin galactic. >> now coming back up, wait for another time to go back down and do over. that train has -- well that rockete. let's go to joe in south carolina joe? >> caller: booyah dr. cramer the karnack stock -- >> what is up? >> caller: i have a two-fer for you. do you think abbvie is a buy, sell or hold going into earnings and with the recent downgrade of norfolk with goldman sachs would you be a buyer or seller of lockheed martin. >> first one is abbvie, i think it is a good quarter and lockheed martin i think is excellent and don't read anything from northrup i know they're worried about the chart and that is about it and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪ with time, comes change that's for sure... and when those changes might help more people, espe

rocket. >> in general, you don't think markets are overextended there's got to be some pockets tesla, virgin, galactica, virgin galacticelative evaluations and that's true a lot of stocks deemed safe. what we're looking at if you want to look at what people should own there's a rotation from growth to value after this is over, benefits to owning dividends that are not utilities. there are places where people should go. >> dividends are, someone else said that earlier this week. absolutely >> how worried would you be, we talked about this in the last hour how overweight or how much the faang stocks are weighting the s&p on any given day >> we're worried about the relative value of the s&p given the earnings growth that's going to come. the s&p is fully priced right now. the discount of emerging markets and developed markets to the u.s. is at an all-time high. the u.s. is viewed as a safe market, place to go when things are in distress. you want to own a lot more of the other things, where earnings growth is going to continue in europe, in japan >> wait a second, when you're saying that there's a rush to safe havens and