xilinx means base station. so xilinx is up 20 points.p a lot today if you believe that, you should sell the xilinx. micron is consumer all right. now, i think the thing that shocks people, david, was huawei as important as apple. we sold -- i don't even know if the president knew how much huawei was an important client. >> right we always -- there was a view that it was separate from the trade negotiations, and clearly it's not it is part of it >> look, i think that you ignore what happened at your own risk i was shocked. i mean, shocked. i -- the president's people are shocked. i'm telling -- they're shocked >> at what >> there was -- wow, i mean, there was both the concessions and also the trip to north korea. which, david, the dialogue -- i think there is something big afoot. much bigger than anybody realizes big. because, david, huawei, we came in thinking that huawei was -- there were going to be kicked out, they were going to do a worldwide campaign against huawei by the way, we're now hearing germany's next no, they have no plan t

then there's xilinx. that's a programmable system on a chip, certainly proprietary.ty at all huge exposure to 5g. yesterday the stock surged higher own the trade truce but today gave up nearly all of those gains and then some. because the trump administration doesn't seem okay with selling this kind of technology to huawei as much as i like 'em, i've got to tell you, no thanks on the other end of the spectrum, you've got the commodity plays like micron and western digital. western digital makes hard drives and flash there is nothing sensitive about this stuff at all. nothing proprietary. while both got hit today, they're going to be big beneficiaries now that huawei can buy semiconductors from american companies again but, and this is the big but, it's tough to recommend these stocks here. they have already had a tremendous recovery just last week micron reported better for the quarter and indicated they made adjustments to offset the china tariffs. at the end of the day, you should only buy micron or western digital if you believe the flash business is bottoming rea

. >> enyou' watch xilinx.sed to be run by -- i think that xilinx went down a lot because they made an acquisition that really doubled down on china and here we go this stock has just been red hot, san jose company, what i like about it is that it came all the way back and has the most to lose from huawei so that's been the one as that goes up, that means that huawei talks are going well. so the soy thing, the president the other day was not happy. something must be at work here and -- or these stocks, all the china stocks i follow are doing very well today. again, that may be boeing too. >> yeah. absolutely >> the china stocks are doing quite well >> philip morris, pm, was the second biggest gainer on the s&p, 1500 yesterday. on earnings. second biggest gain everccordin. are staples the next huge play. >> do you know clorox hit a high clorox had a bad quarter think about that bad quarter. and hit a high there are people who like the raw costs coming down. philip morris, you did that unbelievable documentary on

some companies punch above their weight with action and one of my favorite is xilinx it's a semi conductor with huge exposure to 5 g infrastructure listen closely or i'll do it for you. they may know more than anyone else wednesday, talk about one you can buy ahead of it and making money, it's service now. that's the cloud based software company with a fantastic track record no sure things of this market but the ceo john donohue tends to deliver take a look at that chart. thursday we have a make or break quarter and it's the quarter or 3 m. okay last time around the results were not so hot. the previous quarter they weren't hot. other than lackluster earnings, there was a ground water problem caused by 3 m chemical might be bigger than we thought. it's been around but we're seeing big numbers will they address it this time and put it near the top of the call how important is it? will the narrative going forward be changed it's certainly a huge concern. look what legal woes do to johnson & johnson. the stock was pancaked after a great quarter. at least 3 m sold off coming into the quarter i

i've got to tell you, that is the number one 5g play on earth, better than xilinx my charitable trust has been buying it, i wish we were bigger scott in florida, scott. >> caller: hey, good evening, mr. cramer >> how are you >> caller: i'm well, i'm well. hey, love your enthusiasm and your dedication, man got one question for you, though what's going on with crystal biotech? my position -- >> honestly, i have to admit i don't know krystal biotech i can opine on crystal burger. hate to end on that negative i have to do some work and that concludes the lightning round. >> the lightning round is sponsored by t.d. ameritrade at. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade >>> in a wildly inconsistent earnings season, there's o

actually right now today the worst performing stock in the nasdaq 100, bar none, is a company called xilinx. that is two-thirds of its revenues obviously the stock got dinged today when larry kudlow said don't expect anything any time soon from china. but if and when that's resolved, that might be a much better way to play the 5g theme >> and the chips space too paul, thanks have a great weekend >> you too, kelly. >> he is lead portfolio manager at the wireless fund >>> coming up, virtual reality meets retail is this what will bring people to america's walls >>> plus, u.s. home ownership is falling for the second straight quarter. but there's more to the number than meets the eye we will explain coming up when "the exchange" comes back in two. -driverless cars... -all ground personnel... ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. >>> welcome back to "the exchange." here are some of the movers this hour shares of mattel are up more than 12% on a smaller than expected loss in the

xilinx, a little disappointment there, but many of these are at new highs.he semis etf just had another high metals and mining, they've rallied the last two weeks and are selling off today as well. cyclical groups look like they're running out of steam here after a pretty nice rally in the last two weeks. smo of the more defensive names, your johnson & johnsons, your proctor and gambles, your merck, all are a bit higher today guys, back to you. >> bob, thanks very much for that stephanie, in terms of the broader market, you mentioned some of the individual names are there any sectors that stand out to you, given the rotation that's been going on >> it is interesting because bob makes an interesting point in terms of the rotation today. it's actually been a reverse of what we've seen over the last couple weeks, so it will be very interesting to see if the cyclicals can kind of resume and i think a lot of that is going to depend on what we get next week with the fed and the boj, by the way, as well so i think that the macro is going to take over a little bit i

expected numbers, and said we don't see anything unusual this quarter now, we'll see, melissa, if xilinxthe same thing after the bell today they get 30% of their sales from china, as well so you can see here, melissa, very complicated cross-currents. and, of course, industrials is a different space than semiconductors we'll see what they have to say. back to you. >> all right, bob. thank you. bob pisani. >>> so today's it's earnings dragging down the doi. but is the market only concerned with the decision from the fed let's settle this tug of war joining us are michael farr president and ceo of farr miller washington and zach from the global wealth and investment management at bank of america. matthew, these are either the best of times or worst of times to be a fixed income guy because you -- on the one hand, have people owning, you know, treasuries for the upside. i mean -- in fact, i recently read, it was a bammel survey that the most crowded trade of anything in the world right now, but they have been a great return, but yet these prices are wacky, to say the least. so how should inv

broadcom, xilinx, a record close.y high as we get earnings from texan last night after the bell, intel later in the week. there was discussion about qualcomm and whether apple does buy this intel chip maker, does that sort of jeopardize their longer term agreement. >> it's a possibility certainly, although the agreement they did sign was an important moment for qualcomm having resolved that litigation qualcomm has issues to come in terms of ftc, that judge's decision overturned in terms of what's going to happen with the ftc. >> when we return, former presidential candidate ralph nader on why he thinks boeing should permanently ground their 737 max jets take a look at the dow leaders right now. dow is up 77 points. it's an earnings-driven story. coca-cola and united technologies on top adding about 30 points to the dow's rise. also strong, american express, dow and travelers off earnings is the biggest loser we'll be right back. is where people first gathered to form the stock exchangeee, which brought people together