we connect the them to tellabs last week, tekelec, onn semiconductor, the sky links, the xilinx whichreannounced better than expected earnings this morning. despite these huge wins no one else is putting these together. no one else is connecting the dots. that's right. nobody is listening. this morning i googled the term "mobile internet tsunami" to see if anyone's listening. 20 listings popped up. 18 of them for me. and the others were mixtures of weather reports. this country is not yet connecting the dots between the major multiyear trend and everything's piecemeal. i heard people say "mad money" moved att today. please! the tsunami moved att! i heard somebody say apple's i this or that edition is that's what's behind apple. it's the tsunami. people accuse me of hyping palm before the deal getting short covering going. wrong. it's the tsunami. people have said rimm's up on a big squeeze. repeat after me. it's the tsunami. that's why once again we're going to connect the dots for you. on august 11th i put together a mobile internet index. made up of 21 stocks, most levered to the ga

xilinx, 52-week high. raised their q2 outlook this morning. hercules offshore is under pressure in early trading. down 7% as you see on the board here pts on a downgrade to sell from hold. celgene getting a boost on ubs comments after a meeting with management. let's go down to sharon epperson at the nymex. >> i'm here at the natural gas pick. it's trying to lift them today. there are reports talking about the refueling and nuclear plants helping to lift that cash market. the traders here on the floor are saying i a purely technical move. that's what we've seen over the past two weeks. we've seen them $1.25 from a low of $2.50 back then. what has happened? a lot of short covering going on, particularly, of course, in the october contract. that is a front month contract p but only until monday. we are seeing a lot of folks covering their shorts and getting out of those positions. that is causing less liquidity if this market and furthering the short covering rally we're seeing. it's going to be interesting to see if this continues into next wee

xilinx is up, and nasdaq is up. dell downgraded just ticking into negative territory here. costco raised to overweight from equal weight and that call also at morgan stanley. let's go to down sharon epperson at the nymex. >> gold is definitely in the spotlight right now. gold futures above $1,000 an ounce. the first time this has happened since february of this year, with the highest price we've seen since march of 2008. they know they are in the hot spot right now. we're looking right now at a familiar formula, helping to push the momentum in the metals market. we are looking at the dollar weaker, crude oil and other commodities high are and of course oil traders out opec meeting happening tomorrow. the momentum that we're seeing in the metals market is not only with gold, we're looking at silver which is continuing to outpace gold, up about 30% in the past two months and copper look looks like it do possibly reach that $3 mark as it did in september of 2008. again, the momentum there he helping to fuel the rally across the board in the coppers market and option traders he

aside from intel, cypress, nvidia and xilinx, they are worth looking at. real question is whether this rally has legs or has gotten ahead of itself. that's why earnings in a couple of weeks or so important this time around with a recent round of upgrades. the street still thinks this rally has room to ride. back to you. >> thanks very much. the closing countdown after this short break. >> and the quarter is ending. we'll give you a rundown. after the bell, 7-eleven spearheading a campaign to get congress to prohibit what they deem to be unfair credit card practices. the ceo explains how much those fee are eating into profits. national car rental knows i'm picky. so, at national, i go right past the counter... and you get to choose any car in the aisle. choose any car? you cannot be serious! okay. seriously, you choose. go national. go like a pro.

i prefer xilinx. pepsi, finest soft drink company. i own it for action owners plus.com.e of my absolutely favorite transports. kind of waiver on its 52-week wsh dedon't want to see a breakdown there. and google, i'll still reiterating my $600 price. a tech company, pepsi, drugs, so soda, the music throwing me off and a transport. we want to throw out altera and pick up, let's say hey, how about ratheon. i like that one lately. then we would be in great shape. until next wednesday. stay with cramer. >>> don't miss a second of Ñáy now you can find each full episode of ÷ and down load it for free. take call of cramer's picks, pans, plus the lightning round with you on the go. get "mad money" on itune today. for more info go to cnbc.madmoney.com. fithe same tools the pros use, so you can be a disciplined trader. by selecting from eight advanced triggers, your order gets executed, even when you're busy. and with trailing stops to help you lock in profits and minimize risk, you can be confident in your strategy, no matter which way the market moves. find out why more and more

they like altera, xilinx. pmc sierra. altera is up 3.5%. they raised apple's price target. some of the larng cap technology shares have pulled back, not apple. up by better than 1%. apple is holding a big conference tomorrow. chip stocks helping to keep the nasdaq in positive territory. the semi-conductor index is positive, up 1.5%. some of the names, invidia, broadcom and sandisc. costco up 2% over at morgan stanley. let's go to the nye mechanics. >> i spent by day between the gold pits and fire pits. just under that level of $1,000. the highest level we have seen in the gold pit since march of last year, that 18-month high fuelled in large part of what we have seen with a lot of new money in this market after the labor day holiday, not only in gold but oil and commodities across the board. the dollar index is playing an important role. did gold push the dollar lower or lower dollar push gold higher. the u.s. dollar may need to be reexamined as the world currency had to do with the dollar falling to its lowest levels since last september. in terms of crude prices, the thre

xilinx topping wall street expectations because of improving demand in most of its markets. that suggests revenue growth of 10% versus the previous estimate of 2% to 6% growth is actually achievable. the stock rallied on the news. home improvement retailer lowe's today, upgraded to outperform by fbr capital markets. the analysts telling clients, improving stor traffic doing better. will lift the stock longer term. stock today up 2%. walmart, another retailer, currently fighting a proposed federal law that would make it easier for workers to form unions. sam walton, the company's founder, was strongly against unions. in tonight's debut of the new age of walmart, david faber sat down with the ceo to find out why he's continuing that legacy. >> the company is known for strongly opposing unionization. why is that? >> actually, what we really do is we just love our relationship with our associates. the direct relationship we have. where we're a family. we don't want to see the family broken up. >> you really believe you're a family? 2 million strong? you can have a family of four

xilinx is up 6%. raised their q2 outlook. that gave a lift to the overall chip space, like intel, up better than 3%. you're really seeing where the strength is today in the nasdaq. it's no those widely-held large-cap technology stocks throughout the semi conductor index as well. i'll show you that the soxx is also up. >> how much longer can dollar weakness keep these oil prices at this level when we have so much supply out there. today traders got another glimpse at just how much supply is in the u.s. stockpiles. we're looking at crude that fell today nearly #, because of this inventory report we got today from the energy department. we did see oil supplies rise by much greater than expectations. same for gasoline and fuel supplies. even though we're now seeing dollar weakness since the fed statement, we are still seaing weakness in oil, though off of the lows of the day. keep in mind, though, the dollar action has played a big role in the rise in oil prices so far this year. but a year ago, we were talking about oil prices a

. >> when alterra says things are great, you got to go screaming by the xilinx. this quarter's going to be better. we're saying f5 going up. it's very clear this is all part of the mobile internet. cienna going higher. >> what about -- gout all of those. now, jim, someone else picked up -- don't remember who it was this morning, but in some paper they picked up on what you were the first to say yesterday which is this whole possibility of nestle and hershey. >> i think people who run hershey are terrific. they got a chairman that's one of the smartest guys i've ever met. they've been laying off people, moving plants away. they've become very shareholder friendly. i don't think this is the her s hershey of old. business is strong. >> apple is now down. >> well, remember -- >> are you satisfied with these announcements? >> yeah, but the average decline after an apple -- i always said the same thing. you buy apple up until its announcement, then sell it right before the announcement. this time's no different. there's always been a decline after it. it is no secret,

look at xilinx today, what they're projecting to be their quarter. everything looks like it's moving right forward right now for most of the technologies. >> and also the inventories. they've managed the inventories phenomenally. >> and the capital markets bid is something that's going to be a big part of the fourth quarter again. look at what google's doing, microsoft, ibm. these guys are all consolidating, getting into each other's face, getting into the crowd computing. the guys not there are gettinging into software. the guys that are not there are getting into the online services. so this is where i think you get excited because all the big boys want to get bigger. >> rimm is going to be i aclincher tomorrow after the bell. there's high expectations for this stock. one of the stocks that today managed to finish sharply higher. any options activity -- >> there's no doubt they've been coming for the calls for quite a while but this stock has been moving long before day and long before this week. it's continued to move higher. we know the analysts

and xilinx, xilinx raised revenue guidance. technology would be the place to see it first. >> they knew you were going to feature them especially on the show this morning. >> maybe that was it. all right. i think tomorrow right around 7:50, art, if you're wondering, think about what you would play to totally counter act? what do you do to counter act yoko ono? >> silence. let me think that. silence would be a blessing. that's fine. >> all right. thanks, art. >> that only gets you back to even. >> stimulus sort of -- >> i need the reverse ree po. i need to drain some of the tones out of the ecosphere, wherever they went. >>> when we come back, energized final conversation with becky at the summit in washington. you're watching "squawk box" on cnbc, first in business worldwide. could someone toss me an eleven sixteenths wrench over here? here you go. eleven sixteenths... (announcer) from designing some of the world's cleanest and most fuel-efficient jet engines... to building more wind turbines than anyone in the country... the p

xilinx, up. >> we've rallied natural gas prices. you're talking the equivalent of about a $15 run.hortcomings, but a lot of it has to do with the expiration of the future contracts to the futures on monday. lot of people trying to cover these positions and getting out. with them getting out, there's less liquidity, more factors to force those prices higher. >> coming up next, uncommon economic indicators. cheap eats on the cover of "gourmet" magazine? $3,000 man cave in the "wall street journal." >>> it is a time to save or is it time to spend? we'll drill down. >>> and the new 52-week highs just keep on coming, folks. ecpeed ya, united tech, gap, tjx. xpedia, united tech, gap, tjx. what do you think? hey, why don't we use our points from chase sapphire and take a break? we can't. sure, we can. the points don't expire... ♪ there is nothing for me... ♪ there's no travel restrictions... we could leave tomorrow. we can't use them for a vacation. you can use the points for just about anything. i know... ♪ the way you look tonight ♪ chase what matters. get your new chase sapphire card a