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into equities. it's very interesting. look at the 1,000 and 2,000, large and small cap space, but also defensive versus dynamic, the rally we've seen has been very strong. it's had this very defensive tam boar tambor. it's like this sub tub city -- city constitution effect. global economics, look at the u.s. first. name by name basis. emerging markets. i would think global bonds. longer term investors, commodities from a valuations perspective look attractive. >> commodities? gold? >> not necessarily gold. >> oil? >> dr. copper. the valuations are beginning to pull in a little bit if you've got three to five years which maybe a lot f of people don't have. if you're a longer investor like your clients. just rebalance into that. take a multiasset approach. >> greg, i don't know if you asked those investors who are risk averse that you had in your survey, but where are they putting their money if they're not in the stock market? they're getting nothing from fixed income right now. >> yet they're content with that, it seems. it's cash. it's bonds. this is what concerns me, bill. this is going to req
in the looks completely defensive if you look to the upside or the down side of the s&p. is that the trend of the week for the market's overall to go into the defense of utilities? >> absolutely. some may go way. we are up with the indices' over three and a half months people take off the table and enjoy the money over the summer. you don't want to be out but rotate and me very careful. cheryl: en one heck of a day for these markets and the triple digits swing. also looking at the s&p there are nine stocks falling to a brand new lows and nicole petallides is watching that from the floor of the new york stock exchange. >> we have seen broadbased selling but economically sensitive sectors are doing the work with energy and financial and technology and some names hitting new 52 week lows with peabody energy and report back iran and going into the green with report mack ran. and going down below $400 the lowest levels we have seen since december of 2011 also newmont mining the best of the worst is what you need like health care or consumer staples that have concerns -- been able to hold on. th
that says maybe you should move back into tech and out of some of those defensive consumer areas. >> we're not there. we've been advocating what we've been calling stocks with bond-like characteristics for better part of two years and we really pressed that at the beginning of this year. we are not ready to make that change. if through earnings season and as we get into the full april data set you really were to see a significant correction, probably in the overall market but certainly in those capital spend sensitive sectors, then you might get a window to do it. but we would not be doing that today. >> obviously, barry, then the alternative might be to continue to buy some of these defensive names and we see them at the top of the list today. the verizons and pepsis. don't you run into a valuation question there? how expensive do they get when even they are not a good alternative? >> we don't think valuation matters a whole lot for those stocks. we think it is more about the huge tentacle created by fed buying and now bank of japan. some of that buying weakened into the u.s. this is t
in boston the defense against terrorists is putting some companies that are not well known names into the spotlight. jackie deangelis working that angle. >> good afternoon. the boston bombings brings attention back to security and safety issues here at home. there definitely are some companies that could see an uptick from increased orders in security software and equipment. oppenheimer highlighting video monitors and communications, interception solutions that enable realtime online tracking of suspicious activities. companies like nice systems and verint both leaders in that space. crt capital feeling other significant sporting events will respond to the boston incident by stepping up their security measures as well. crt adding osi systems, american science and engineering, and also flir systems to the list of their names to watch. there are also security monitoring equipment companies like honeywell. honeywelcome pets in this space with united technologies and tyco international which also offers various security monitoring technology equipment. ingersoll rand, they have a sec
people respond. >> republicans are looking for a way out of that defense sector. there will be more pressure put on them right now. the people who wanted to wobble anyways, will be wobbling harder. we will not increase spending on anything right now. connell: i know it is tough a couple days after something like this happens and the development that are happening today, but what is your opinion? should we change the focus? >> in some ways it should focus our focus. think about 9/11. we reacted to that with a big massive freak out, for lack of a better word. we are still taking off our shoes at the airports. we thought we needed to do something. let's remember that as we react to boston right now. let's focus on that. we need to realize that facing this horrifying attack, we will not make it better with coming up with security theater to the measures. dagen: it is almost impossible to link spending directly with an event like this. >> of course. dagen: knowing so little as we do right now even about the type of devices that were used in boston. you are hearing references to it, but n
flow is going into the defensive sector of stocks. while nobody is watching the money is going into the bond market. these are all warning signs saying you know what? maybe we're at temporary top. maybe we need a correction here. david: gene, you see the warning signs. you see the dow pulling back to 14,000, right? >> that is correct. i do think there are signs which the guest already mentioned. there is weakness of oil to be concerned about over the near term. there is correlation with the oil and stock market since the start of this cycle. weakness in oil could portend investors worries that the economies are slowing down not just in china but globally as well. so that will probably put pressure on the market. the other thing too, we're in the earnings season and this might be the quarter that doesn't delight. that is that we do get some dispoints manned -- disappointments and we get stiff reactions to the disappointments. lori: bob, you were cautious yet looking for stocks to show gains for the year. what do you think will get us past these bumps in the road? >> i think the
are again, a defensive day by and large. the big question i got early this morning is what the heck happened in germany? i don't have an answer for you, and some people are calling it a mini flash crash. the dax dropped 180 points in like, eight minutes right after the open and i don't have an explanation and there is a series floating around about fat figure trades and it was very unusual to see that. germany is now down eight in a row and we are are down 1.7% in germany. france was down 1.5% and there were many knock-on effects as a result of this and that's all i can tell you about it. carl, i think you were mentioning these ping-pong markets and that's the other big topic overnight. so you are down 234 on monday and you're up 160 on tuesday. you are down 103 on wednesday here and it's very tough for active traders to take positions. you get a lot of complaints about this stuff. you get stripped out every day depending on which side you're buying protection on, going long or going short and it's hard to take positions and it gets frustrating for active traders and of course, you can stand
for these defensive groups to be leading the market in up turn. if the market pulls back they will lead in the pull back and more. >> which is highly unusual. >> very unusual. >> thank you so much. >> a pleasure. >> see you again soon. >> sue, shamu is going public. black stone taking its sea world entertainment group three years after it went private. jane wells is outside the world famous sea world in san diego. have you spoken to shamu yet, jane? >> very good. shay-moo is a london whale. i have not spoken to him. i just didn't want to make the big whale angry. ths turning into a whale of a deal. it keeps getting bigger. black stone which bought sea world was going to sell 10 million of its own shares. now this march of the penguins, sea world plans to use its portion to pay fees and debt. so all told, we could have nearly 30 million shares priced between 24 and $27. this for a company with 11 walter parks. most revenue is now coming from florida and sea world sales, profits and spend per customer is all growing. it is a unique leisure company. >> i loved shamu so much so i can't wait for my son
a sense that it can bbecomes justifying ainiable cor a justifiable defense, in other words, if you are in airline industry, you will take your time to makeour point, if you move fast the chance of you getting a budget hike is less likely. i don't want to be that jaded, i'm just saying it would behoove you to not to look like things are not a problem. >> i think that administration has asked them to make it look as painful as possible. frontline folks i think they will continuto serve the customer, the customer is happy, business is good. they get rewarded. neil: you fly all of the time, are they that happen? >> it depends on airline and products. neil: every agent i bump in to must like cnn . >> i kill them with kindness. neil: you do. >> i have to. neil: all right a certain amount of attitude, and dismissiveness, with this, they might believe that pudding shove down their throat. but, i don't suspect we'll see much improvement. >> i think you are focussing on is airline piece that is piece -- >> that feeds from all of the above, faa and homeland security. tsa . >> think about it t
. >> yeah. >> is apple in defensive mode? are they still in a kind of a offensive mode? >> you're both asking the right questions. i believe they're in offensive mooe. i believe, i am certain that they're going to try to come out with some, something fantastic. i don't know when. i don't know what and i don't know if it will succeed. if it succeeds we'll look back on this to say, oh, they did transition just fine and investors were worried over nothing. if think fail it will be a lot worse than what we're seeing right now. right now we're seeing a pause before that effort. i promise you that effort will be there, because if it isn't, then they aren't apple anymore. melissa: adam shapiro thanks so much. we'll come back to you for more news on apple as it breaks because i know that call is going on right now. when we're not in your ear, that is what you're listening to. meantime despite apple taking more than 0% dive from its all-time high back in september other stocks for the most part are having a great year. some say if apple keeps slipping it could scare retail investors away from s
them. that doesn't mean that national defense is not a good idea. on the other hand for people who think that marijuana is relatively safe. they don't think that the gateway evidence is consistent. that people should be left to do what they want to do so as long as they're not harming others, for them there are lots of good arguments for legalizing even without the 20 billion and that's icing on the cake. >> what tax per ounce of weed sold legally did you put into your equation? >> didn't compute it quite that way, but something like 50 to $100 an ounce and market prices now of marijuana vary a lot, but typically maybe in the 3 to $400 a range and that's a tax rate which is higher than on say, normal goods as part of the sales taxes and not so high as to drive the market underground because of tax evasion. stuart: would you expect the price generally to the public to go down if it were fully legalized all across the country? >> i think it will probably go down some and my estimates assume a fairly substantial reduction. the same time, i think we're very close to a defacto legal mar
for the quarter. sector to sector, defense sectors doing better, utilities, health care, and telecom. back to you. melissa: thanks so much. lori: fbi confirms preliminary tests on a letter sent to president obama tested positive for ricin. rich edson has the latest. rich, when you hear news like this coming after the bombings in boston, you understand why the fear trade is in play here on wall stroat. >> absolutely. in washington, d.c. as well. this is the nation's capitol in a heightened state of sensitivity this after three suspicious packages now all clear from u.s. senate office buildings, a report we had brought you last hour. the u.s. capitol police have taken care of the packages in the senate office building that are now all cleared. the letters, one sent to the president of the united states, the other two a u.s. senator. this from the fbi saying filters in a second government mail screening facility, preliminarily tested positive for ricin this morning and mail from that facility is tested. there's no indication of a connection to the attack in boston. also, u.s. senator carl levin, a d
to stop playing some defense with high-needing food stocks that can thrive, even when the global economy is in dire straits. take long-time cramer fave b & g foods, neglected brands from larger players, private equity firms, and bringing them back to it life. you might know b & g as pickles. b & g just reported last thursday and the company delivered an excellent quarter with in-line earnings and revenues that came in higher than expected, rising 8.8% year over year. we don't have a lot of companies in the food business that gained like that. meanwhile, the company raises for guidance, earnings before interest, taxes and depreciation and amortization. it jumped from $28 to $30 the next day and continuing to climb, $31.08 and 3.75% yield at these levels. b & g has given a 186% return since i initially recommended in october of 2010. the valuation may seem stretched with the stock trading at 19 times earnings. however, every time the stocks seem too expensive to own, they seem to go higher anyway. let's check in with the president of b & g foods and find out more about the quarter and wher
over and they're playing defense to prevent against a double-dip recession. >> and the economic numbers are not that great right now, so how do you justify investing in the market knowing, you say market goes up in a slow economy, but what if they're exceeding earnings growth expectations? >> also, when earnings are slower, the market does better. when they grow really fast on an overall basis, that's another time when the market discounts and turns down. so we're in a sweet spot right now for the market. >> one more question to matt cheslock before we let you go. what you expect this last hour here, especially since we have three big earnings reports coming out after the bell tonight. >> is there more than one? i thought it was just apple, actually. >> yes, there is apple, but you also have at&t and yum! brands as well. >> i think we'll focus on europe. the whisper numbers for apple have gotten maybe out of control, but the market has taken so much out of it already, it's poised for upside, i think. >> the expectations are for $10.01 from an apple, but says it could b
, fbi and department of defense and u.s. attorney. how do you investigate a guy like this? >> he will be interrogated. all you can do is write his answers down. this will happen. it will happen as soon as possible. they are not going to give them a lot of leeway here. there are important questions they have to follow up on from an operational standpoint. people want to ask why did you do this? important is who helped you? who was your brother in contact with during his time overseas. was there a support structure we can get on immediately. there are literally at the door of his hospital room standing by as soon as it is able to happen he was on him. >> can you tell us about this and that and the guy says, you know what, i don't want to tell you about anything. you have a cold blooded killer or someone alleged to be that. you think he is going to just breakdown and friendly say, yeah, i'll tell you why my brother did this and we were funded by this one. you think talking to him you are going to get him to spill the beans? >> he will be in the u.s. system now. if he declines to say
probably own stock in corporations, as wealthy as you are, that have an interest in the defense industry, and you as a shareholder could get hands on that. >> really, i could? >> not all is classified. certainly, the fact they are doing is not classified. >> isn't that hate speech? >> no, even hate speech is protected. hate speech is protected as long as -- >> it's mayhem that's not protected. >> i could have sworn the anarchist cook book was banned. was that just lore? >> i think it was lore that was banned. the theory of the federal government is that individuals should decide what to read and see and hear and distribute. the government doesn't make those decisions for them. >> hate speech sows violence is outlawed >> right? >> all speech is incompetitive advantage wows when there's speech to rebut it. if there's stuart, let's get him, the mob gets him, i could be funnish -- punished for speech, but they say, what, are you crazy? it's stuart, and mob lays back, my speech is protected. >> i want to recommend your editorial in today's "washington times" about social security being a ponz
're moving them into cash right now. you're looking at a heavier cash position. you're defensive here. why? >> very simple. because valuation is getting stretched. we're traditional investors. as things get more expensive, we tend to sell them. when they get cheaper, we tend to buy them. we're seeing as stocks hit our price targets, in many cases targets that we had two or three years out, they're hitting the price targets now. we don't have something we feel is ready to buy. we have more cash today than we had in the middle, early part of 2008. simply because it's really hard to find compelling, good risk reward scenarios in the market because valuations are beginning to get stretched. dagen: you're looking at the major markets in one way and being cautious with cash. on the other side, you're starting to nibble on the gold and silver, mining stocks. why that particular group? we've seen incredible losses in gold in particular, silver has somewhat been following suit but you're saying go for the miners. why? >> in our particular case we're very old fashioned. when things get hit hard, we
is to stabilize stocks. lot of times we conjure that side of the market. is a more defensive than with you want to call it that. tracy: this is going to continue. your job is going to be tough for a while. >> we opened the volume with volatility. tracy: what is your outlook for the rest of the week? are we going to continue to pour off into nothing more do you think this will turn around? >> there is always hope but we are trading at session lows, the volatility index is creeping up 7% right now, the s&p 500 testing 1540, support is down 1543, the 50 day moving average. is getting ugly. tracy: thank you for taking the time. adam: apple, is this a good time to buy? we will ask an analyst next. tracy: let's look at the winners and losers on the nasdaq but there are some winners. brendel resources holds up, 5.1%. we will be right back. @ tracy: apple trading below $400 for the first time since december of 2011. google reporting after hours what should you be doing now? senior analyst for chelsea advisory group here to tell us, tech stocks up 1%. what is going on? >> slowdown in europe and som
to aerospace and defense customers during that quarter. dupont reporting 1.56 per share. that was four cents higher than wall street estimates. chairman and ceo will be joining us in a few minutes to talk about all of that. among the other stories we're following this morning a car bomb hit the france embassy in libya today. two french guards were injured. there was extensive damage. this was the first attack on a foreign mission since militants stormed u.s. consulate in benghazi. >> u.s. equity futures have been indicated higher. came in looking at moderate red arrows. dow futures up 65 points above fair value. s&p up by better than four and a half points. overseas in asia overnight you did see a little bit of weakness. hang seng down 1%. and in europe right now, the trends there at least have been following what we have seen here. in fact, the cac is up 2.5%. da x-up 1.6%. the markets have a healthy dose of earnings today. we have seen a lot of that. the market is attractively valued. but he says there are still shorter term technical concerns. joining us is john lynch at wells fargo bank.