going to be weiss. steve, go. >> micron. under 70, got to buy it. >> that would have been typical weiss. doc, you wrap it up. vodafone, scott, $16 stock they're buying the may 17s i bought it. >> all right i'll see you in "the ot. here is "the exchange. cathie wood coming up in moments. thank you. thank you very much, scott hi, everybody. i'm kelly evans. let's start with the market. stocks are in the green again today despite that surprise drop in gdp it's not last quarter people are worried about, though, it's what could be looming next year we'll check in with one seasoned economist who says there's no way the fed can pull off a soft landing. he thinks the coming downturn will be worse than he previously thought. he'll tell us why. plus, teladoc collapsing today

down 46% ark investment's cathie wood we'll speak with her later this hour she'll join us live to defend the stock. and the cnbc stock draft is back today ryan reynolds, david robinson, terry lundgren and many more will be competing. who will take the trophy the big event starts around 2:00 p.m. eastern time. first today's markets witwith dom chu. >> a market that's constructive. so trying to get back some of that negative month we've had so much for the month of april now. the dow industrials -- by the way this is pretty much session highs. the dow industrials up nearly 500 points the s&p 500, this is now the high of the session. we are about 86 points at the high at the lows we are up about five points so generally a positive day. tilting to the highest end of the range.

the outperformer today up over 2.25%, 292points, 12,781 the last trade as many technology parts of the group in the market outperform today take a look, though, at these key parts of the technology trade. if you lee at the etfs, semiconductors, internet stocks, up 3.5%. software up 3.5% fintech up 3.5%. after a decent move higher off lows is chinese internet, the k-web down about half of a percent. so watch that overall technology space. many industry groups outperforming. the real headliner today has to be facebook now known as meta platforms up 17% so far in trading today adding billions in market cap now just to put things in perspective at the record highs that we saw over the course of the last year, the meta platform

$1.8 trillion, with a "t." at the current levels we're seeing here, kelly, it's worth closer to $568 billion at these levels so you can see that market cap discrepancy here. still, though, with a stock that's lost a third of its value over the last year it is a big move higher and, by the way, it is the single biggest contributor to gains in both the nasdaq composite and nasdaq 100 indices today. if you've been on meta platforms, let's put the moves in context no one likes to see gdp turn negative the first reading of q1 gdp showed the economy shrinking at 1.4% the first on the street to call for a recession but today's read is not the start of it joining me is peter hooper, the global head at deutsche bank peter, it's great to have you here >> thanks for having me, kelly

>> only someone who was at the fed during the volcker era could write a note to clients saying don't worry, we think the funds rate will only have to go to 5% or 6% this time around if what you think could come to pass actually does, the street is still not at all positioned for it >> not at all. nor is the economics profession. forecasters are really not looking at recession as a likely outcome over the next couple of years. getting the 5%, 6% is arithmetic the fed knows it has to get real interest rates into positive territory. and if underlying inflation is still running in the 4% or 5% range, they have to get there and then they have to get a little above neutral to really begin to slow things down. we have a lot of work to do. we have a lot of expectations to revise and it's going to be an uncomfortable period for the markets as we get there.

it's going to take a while, of course, to get there >> well, let's talk about the first quarter gdp which you say isn't what you're talking about here, and many have highlighted there's a big effect from inventory and trade. what would you say is the most important thing to focus on from this morning's data which included a more than 5% inflation number >> i think two things. the underlying trend in consumer spending, business spending, is pretty robust. 2.5%, 3% growth there, a trend we think will continue this year that means further tightening in the labor market that means further upward pressure on wage inflation which is now running at least in the 4% to 6% range i expect we'll get a number tomorrow on the cost index that will be pushing 6% of an annual rate that is way above levels the fed needs to see to get inflation

back down to 2%. the strength in growth of demand and where inflation is headed here particularly in the labor market which will be continuing to drive that price inflation at uncomfortably high levels. >> why is it -- so in some ways what you're saying is for the fed to achieve its goals, we're talking about a hard landing for the economy, the unemployment rate will have to goup and so forth and yet the european central bank not even at all trying to pursue what our fed is at least talking about doing and their inflation readings are just as bad. we got another german inflation print that was at historical highs. what about policymakers who might be tempted to sit on their hands and say we don't want to risk a slowdown in the economy we'd rather take 4% inflation if that's where it's going to settle at? >> so several questions there but europe is a different picture. that inflation is being driven heavily by oil and gas prices which are coming, which we will see reversing.

we do think the ecb has some work to do, too, and we're expecting a sharp slowdown there and certainly by 2024 as well. now is the fed going to blink? is it going to wimp out, as they say, and not deal with this inflation problem, accept a higher level inflation i sat as a staff economist back in the 1970s i've seen this happen before the fed lets things go and it just gets worse. this has happened throughout the 1970s, and we had to pay heavily when paul volcker came in to deal with it hopefully we'll deal with it a little sooner this time, will be a much less painful process. it will be painful but much less through than in the early 1980s. >> is there anything they can do to avoid the recession for instance if they hiked the policy rate a full percentage point or tried to front load tightening to get inflation

expectations down, is there anything you could do to avoid a deep recession next year >> well, i mean, deep recession, maybe we can get by with a milder one that is still our house call at this point the problem is the labor market is over tightened. by our estimates unemployment is now running about two percentage points below the current level at which inflation would stabilize at the desired level we need to get unemployment up by at least a percent and a half or two in order to take this extra pressure out of the labor market and out of the inflation process. that's going to be painful anytime the unemployment rate rises that is a recession. >> well, peter, thank you for joining us might not be what the market wants to hear but it helps explain some of the trading we've been seeing, the liquidity conditions and otherwise we appreciate your time today.

>> my pleasure >> stocks are at session highs the dow is up 506 points as we continue this pretty strong two-day rally from the deep sell-off that started the week now as inflation remains elevated and credit has tightened, my next guest is picking health care as her favorite sector. she's even buying bonds. joining me is emily roland from john hancock welcome back let's start with bonds and after what we just heard about inflation here why do you feel buying bonds for clients right now? >> yeah, kelly, this is an incredibly unusual environment for fixed income in fact, we just saw the worst quarter for the aggregate bond index since q1 of 1980 investor behavior, investor instinct is starting to kick in and they're fleeing out of high quality bonds at a record rate and our suggestion is in an environment in which growth is slowing, in which inflation is

likely to come off the boil over the course of the next coming quarters, we actually think the yield on bonds is looking rather attractive right now in fact, the aggregate is yielding 3.7% right now which is well above its average of about 2.25% and, in fact, that's much more attractive than dividend yield on the s&p 500 we haven't seen that type of dynamic in quite some time and we think it looks interesting to us at this point >> although implicitly people do buy that here, by the standards of the last couple of years it's a great yield. i listen to peter hooper talk about 5% and 6% on the funds rate and i don't know what that means for long-term rates but what if the risk is meaningfully higher >> we don't see the catalyst that will move bond yields significantly higher from here it's always a risk to say that we've seen max fed hawkishness ten rate hikes, you essentially have to be betting the fed is going to do more than ten in

2022 to see rates move higher. the previous guest xhengsed commodity prices coming down that's another element that's pushed yields higher in our mind again we see a deceleration we see inflation moving lower and we think this, again, represents an attractive entry point. it's tough, though you're swimming against a massive tide right now as most investors are positioned for yields to go higher. >> and, finally, on the market what do you say overall about the risk in equities or about parts of the market you feel more comfortable it sounds like help care would be one of them >> it is we're sort of positioning for this stagflation playbook. we look at factors and we want to own value for inflation protection so we like areas like industrials and mid caps you and i have talked about that in the past. we also want to pair that with quality. so we're looking at sectors like health care right now which have really attractive quality

elements, great r.o.e., better than the s&p 500, solid earnings growth prospects for the year and, frankly, they're the only classically defensive sector that's still trading at a discount health care is trading about 16 times forward earnings right now. that's a 10% discount to the s&p, areas like staples, areas like you timutilities. we see the consumer about to go through a huge shift we don't have fiscal stimulus. mortgage rates are going up. credit conditions are tightening we think the consume earp goes from a what i want mind-set more to what do i need mind-set >> sure. >> and that benefits areas like managed care and pharma. we're going to keep going to the doctor, getting our prescriptions. we may not be buying that extra parent of shoes. maybe that's just me our behaviors will start to change as growth decelerates and we need to be more thoughtful about the tradeoffs we make. health care is a good pick for that >> a quick follow-up on that

we did see hca down big after earnings revealed they are facing a ton of earnings pressure because of rising labor costs. firms like oldman have warned that health care could be one of the places we really see inflation broaden out first. is this sector potentially at risk of profit margin pressure >> yeah, i mean, i think every sector across the s&p will be struggling to maintain the types of incredible margins that we've seen over the last year or so and wage pressures will play a role in that and health care could be a victim of that. we do see great pricing power out of the sector. we do see it again importantly trading at a significant discount, and we think those solid earnings growth prospects for the year will be the most important element in terms of that fundamental case for owning the sector >> fair enough emily, thanks for your time. >> thank you >> emily roland. apple is rallying ahead of its earnings after the bell. as goes apple, so goes the

market it's not the only big name on deck we will tackle amazon, intel and robin hood all three down with robinhood down 47% and the options a 15% move tonight the question is in which direction? it's a jam-packed edition of "earnings exchange" next >> announcer: this is "the exchange" on cnbc. (driver) conventional thinking would say verizon has the largest and fastest 5g network. but, they don't. they only cover select cities with 5g. and with coverage of over 96% of interstate highway miles, they've got us covered.

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welcome back, everybody, a busy week after the bellwith big tech names on deck let's preview several of them in the earnings exchange with a look and the trade for amazon, for intel and for robinhood. amazon's results after the bell were eagerly anticipated down 12% just this month this is its worst month in about four years our deirdre bosa has the story welcome. deirdre, what are you watching for? >> so e-commerce is still its core but amazon is so many businesses logistics, advertising, cloud. advertising and cloud are going to be particularly important because these are higher margin

businesses more protected from the effects of the macro environment which are going to look messy on that e-commerce as well as coming out of the pandemic it will be tough there the question will some of those other businesses offset the slowdown in e-commerce advertising will be particularly interesting because we've seen the results from google, from meta, from snap, different model, though. amazon is more direct advertising. probably better protected here as well and cloud coppming off microsoft. amazon will probably have to do that, too. it may be in a tougher position. >> fair enough expectations are fairly high considering what rivals have reported cloud versus the e-commerce business, what would you do with the stock? >> i think i'm looking at core retail amazon management have had to guide down three times in a row.

for core retail to grow 7.5% clip for this year if you look back historically speaking it's only grown 4% when you take out covid that's a big question. will management have to guide down again what we know and like about the stock, the stock does well in investment mode they do more poorly for the first time in a long time they're in har vet most i'm going to do a limited risk, a call spread here i would be owning the may regs, 3,300 call spread trading at $55 right now. that could imply a four and a half times potential for the name >> deirdre, quick final word >> i really like that idea of harvesting versus investing. the numbers that came out of the pandemic in terms of its capex are incredible

$82 billion during the pandemic. that is more than the company invested over the prior decade of just $74 billion. that should set the company up for that so-called harvest to deliver on one day, same day delivery >> that's quite a figure deirdre, thank you so much let's turn to intel which is reporting after the bell and shares have been down 6% in april for its worst month in a year intel has dropped after its last four reports frank holland has the story. what are you watching? >> well, hey, kelly, revenue is expected to be flat. the real question here is chips for pcs. this is represented in the client computing segment pc shipments in q1 of 2022 down 7%, down 17% here in the u.s. after they really boomed in 2021 so the question here is where is the demand where is the guidance? capex spending steeples will come in right

around $27 billion you can look at that for a proxy that intel believes it has intel actually manufacturers its own chips and chips for other companies that design to intel they acquire another company that manufactures chips to boost capacity and their ability to create specialty chips that will close in the next year or so how does that all play out and then where is it going to use that capacity? will it focus in next generation championships or in its existing business in autos where we've seen a lot of supply chain shortages. >> david, i know you think this is a stock that's been obviously a disappointing one. any interest getting into it at these levels >> if harvest is the word of the day, i think i would harvest some losses. i am not owning this stock the stock appears to have both tactical and structural concerns

going on as frank mentioned we have near term pc wars going on right now. very apparent right now. structurally on the most recent analyst, the declining margins and targets pretty outlandish. i'm staying away from here if you look at the last seven earnings reports, well, the stock has been down on each one of those with the average down price of 10% we're seeing an implied move of 7.5% right now if i was looking to play the name i would rather short that and pair it with the price down to the $80 level i would dip my toes in amd especially for the mountain market share they're taking away from intel >> frank, anything you would add

on that? >> that's a great point. amd is a rising competitor in the cpu market, intel has about 80%, maybe nor amd has about 15% and they're very aggressively taking customers and market share away from intel >> we will leave it there frank, thank you very much. finally today we have to talk about robinhood. the shares are just completely getting hammered down 30%. they're trimming by 9% seema, what's at stake in this earnings report? >> after an 88% drop, wall street will want to know if robinhood has finally turned a corner the news of layoffs is not a good sign. analysts will want to understand the cost savings there and if there are more plans to cut more also an update on the crypto wallet, have all these projects

helped boost user engagement at a time we are seeing volatility. the regulatory environment is improving with headlines related to payment for order flow. fading this year compared to the frenzy we saw in early 2021. that could be a silver lining. >> we're going to have to buckle up that makes complete sense to us. on the down side the stock has substantially difficult comps. it's nowhere near what we saw last year and the exuberance of dogecoin the stock will probably have a bad day. seema touched on the other point i think could provide substantial upside it's been beaten down.

the company regroeshd their contracts on order flow. they are receiving double the amount of commission given the expectation for elevated price movement and at implied levels are at 3x what it's been for the earnings report selling the $11 call, bringing in 42 cents. there's too much risk. any incremental benefit to earnings, i would want to stay away from that consider it the grinch and not touch it with a 10 foot pole >> selling a strangle is not normally part of my lingo. a sense of what you could do but otherwise steer clear. we really appreciate it.

david wagner seema, thank you as well watching hood's results after the bell tonight the stock up 5% today into that print on what's been a pretty bad month. still ahead, shares of snap, user growth and a drone camera all the latest from the company's partner summit the share is climbing 5.5% counting down to the 2022 cnbc stock draft. will ryan reynolds go all deadpool on kevin o'leary to win the trophy our teams and the stocks jim cramer think should be the top picks this year coming up. alright, so...cordless headphones,

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welcome back to "the exchange." at the highs a short time ago, we're there right now, the dow up almost 595. that's the session high. the nasdaq the strongest of 2.7% as the indices try to undo some of the damage from earlier this week teladoc trading near its 52-week low. the shares are down. one expressing significant uncertainty to the outlook align technology trading at lows we haven't seen since 2020 the makers of inadvice line cite omicron head winds lead to staffing shortages revenue climbed 58%.

peabody signed deals to sell c coal at $84. shares down 7% today despite being able to hike prices, business in china, concerns over future demand due to lockdowns cat only down 2.5% today a 20-year high for the dollar index as it rallies big against the japanese yen and the chinese yuan and the euro is not immune from weakness. seema mody with the moves and the reasons behind them. yeah, the rest of the world, japan is holding out saying it's not strong enough, here is why it matters

the japanese yen at a key level down 13% never see this pace of a decline. the japanese citizens are losing value of their money a five-year low and the dollar would be the first time since 2002 that's pressuring profits. you were discussing caterpillar. shares are down 2% ahead of honeywell, another major industrial set to report tomorrow those purchases will get only more expensive if the japanese yen continues to weaken. the more inflation they report, the higher european bond yields go and that could move u.s. bonds here as well >> come on over, seema there are so many angles to explore. japan's economy or stock market benefitting from all of this

because it is creating a lot of jitters in the international bond market. >> for now japan's stock market is down less than the u.s. stock market, around 6.7% so you could argue the weaker currency is actually working in its favor and that's what kuroda is saying we work off a policy we have an economy so dependent on exports we need the weaker yet the question is how weak and does that have a negative impact on consumer confidence and in china people start to move their money outside the country that would be bad news. >> even though people are sort thinks this u.s. dollar move can't have that much further to go they're going to have to contend with this, corporate america, i don't think many people anticipated the strength and speed of the move. >> people don't realize it's the second biggest after china it's a large currency market for traders here in the u.s. and big multinationals that do business there. there are implications here for the u.s. >> seema, thank you. our seema mody to tyler mathison for a cnbc

news update. kelly, thank you very much here is what's happening at this hour president biden says he's taking a hard look at canceling federal student loan debt and he will reach a decision within a month. biden says forgiving $50,000 in debt is not being considered it would be smaller than that. biden campaigned on canceling at least $10,000 in student loans 16 states and some environmental groups are suing the postal service to stop it from buying tens of thousands of gas-powered trucks they say the environmental review for the huge vehicle order was flawed the postal service says its review was robust. and the u.s. marine jailed in russia since 2019 has returned home trevor reed was released in a prisoner swap for a russian pilot convicted of drug smuggling. reed's mother tweeted she is grateful beyond words for her son's return covid shots for infants as young

as 6 months? how well do they work and how soon will they become available? that's tonight with shep smith at 7:00 eastern. kelly back to you. >> i will see you soon for our very special event apple reports after the bell today. a look at how the shutdowns in china, we just heard affecting caterpillar could affect apple's bottom line. stocks are 4.5% into that report we are less than 30 minutes away from the 2022 stock draft. you're looking at a live shot of the st. peter's university student fund where the management investment fund will be participating in this year's draft after that school's incredible ncaa run. jim cramer tells us his favorite stocks in the running after this quick break. something epic! so we're giving every business, our best deals on every iphone - including the iphone 13 pro with 5g. that's the one with the amazing camera? yep! every business deserves it... like one's that re-opened! hi, we have an appointment. and every new business that just opened! like aromatherapy rugs!

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welcome back to "the exchange," everybody we are moments away from the annual cnbc stock draft. we always do it on draft day but we pick stocks we have ten teams, 60 assets to choose from, and one winner to be crowned after the super bowl next year and guess what, everybody, jim cramer is here with me. he's going to provide color commentary next hour with melissa lee for the draft.

jim, first of all, welcome by the way, we're going to three you a little kudos did you hear about this, remember your picks last year? you said -- >> jim farley -- >> amc if we had done those two in the draft that pairing actually would have won i think andre iguodala won with tesla and, believe it or not, lennar >> i heard i won with ford and amc. you take your phone out and type to your kids i am not an idiot right? the people who you most want to think, you know what, dad is not so dumb, even though he didn't know how to work this. >> we could argue the last year, maybe even the one before that, favored a lot of the retail momo trades listen, favored a lot of stocks period it is a very, very different environment to be picking stocks into this year do you think that will change

the people who would do well >> i spent a lot of time and i don't want to reveal which i have on my list, but in the old days you were trying to find something that would triple or go to zero now we're looking for something that could be up 20% to 25% because we don't have those kinds of stocks anymore. by the way, those are the stocks that hurt a lot of people in the robinhoods of the world. when you go to the track or when you go to a gamble you are either going to get a rip up or win. most of the time you get a rip-up these are companies that are going to go up seven or go down six or maybe up 12 i like that environment. >> are you saying that people should be trying to pick boring in a way to figure out what is the most stalwart, boring dividend paying -- >> i've been using the word prosaic in the sense i want companies that maybe things or do stuff that give you some capital in return that are not

expensive. now that is not -- you could argue that's why that's been an incr incredible stock i bought that not for it to go up in the old days i bought it because i wanted that 4% yield. i want an ap dominion power, give me a company that has coal. >> we have like robinhood on here we have netflix. we do have something like oil. >> we do have fire >> fire? >> there is fire >> fire? >> is oil going to go from $100 to $200 in hell could freeze over most of these stocks, take chevron, a company i really like the ceo has come on. at these prices here i could buy back 25% of the stock. >> wow >> and if oil goes to $150, his stock goes to $200 from the $150s range. that's a good gain but that's not the gain people

got in this for. maybe they want the $160 calls this is about investing. >> quick last question >> why where are we going >> there are a number -- >> i never get to be on your show and you're so fabulous. >> a quick final question with all of the names on the list, many are down 70%, 80% from the highs, is that where people should go bottom fishing >> no. i think they have to go not necessarily bottom fishing but they have to buy stocks where the company didn't react if we get a better market they will react >> this is so exciting jim, thank you for all your time >> oh, no, i love this >> we appreciate it. stay there walk a few stems over that way >> i'm not an idiot. i never said their names but i want them to know. dad's an idiot no >> up next, apple shares are higher heading into its earnings tonight. they are outperforming all the

other faangs but what about china? with snap pushing into gadgets to help the stock up 5% this afternoon what its new flying camera means for the stock after this (vo) verizon is going ultra! with 5g ultra wideband in many more cities, you get up to 10x the speed at no extra cost. plus six premium entertainment subscriptions, included! like disney+, music, gaming, and more! (mom) delightful. (vo) saving you over $350 dollars a year. and for a limited time get a 5g phone on us! no trade-in required. (mom) amazing. (vo) this is the offer you just can't miss! verizon is going ultra, so you can get more.

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with a cfp® professional. a cfp® professional can help you build a complete financial plan. visit letsmakeaplan.org to find your cfp® professional. ♪♪ welcome back, everybody. apple is on deck with earnings after the bell at one of these key moments. the stock is rallying up 4.5%, holding up okay compared with the rest of the faang names. apple is off just about 10% of its highs. facebook down 47% even after today's rally and netflix, of course, down more than 70% so china is the big question, could affect apple more than others that's what infvestors will be watching for our cnbc -- tech analyst, reporter extraordinaire. >> that's right. >> what are you going to be watching >> it's all about china, kelly, this earnings report the end of their march quarter

saw the shutdowns impacting productions billed as temporary but the lockdowns continue and half of suppliers are caught up, shipping delays all over the country and that's what's to look for any negative impact and what that says about the current quarter we're in now microsoft warned of weak sales like xbox could take a hit early may is the date we're looking for, kelly we have a sneak peek ship times for customers ordered have been reports of shutdowns impacting the iphone but the good news the shutdowns do not appear to be affecting the 13 line apple has largely managed to keep up with demand despite chip shortage and other snarls and

it's important to remember apple locks down their supplies better than most people. >> we said the share is down but outperforming. we've seen other companies from texas instruments to just now caterpillar giving us information about china we didn't have before that report do you think there is anything the investment community doesn't know >> probably not. again, like i said, they are able to withstand everything we've been through again, they are so reliant on china in two fronts, not just getting stuff out of the country but sales and people buying phones there there are a lot of reports hardware sales in general are down and not to worry. >> steve, we'll leave it there for now. >> see you in a couple hours >> steve kovach. snap doubling down on gadgets announcing a drone camera at its partner summit, and the stock is seeing a nice jump we will have the details sy ths.ta

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introduced new gadgets julia boorstin joins us with the highlights julia? >> reporter: yes, we see snap shares up more than 5.5% in addition to announcing 20% growth in monthly active users in the past year to 600 million, the company making 600 million. the company making a series of announcements at its annual partner summit today, it is focused on augmented reality and announcing that their ar developers have built over 2.5 million lenses that have been viewed 5 trillion times announcing a new lens cloud with free back-end services to make it free for developers to create more of those lenses the company is also continuing its a.r. e-commerce push the company announcing since last january 250 million snap chatters have engaged with ar shopping lenses more than 5 billion times. a new ar creation suite for

shopping lenses was just unveiled designed to make it easier for retailers to create ar shopping ads based on the clothing they sell and accessories so it would be easier for shoppers to virtually try on clothes which will potentially encourage them to buy and in turn would drive advertising revenue. snap also unveiling new hardware, what it calls a flying camera this is the pixie. it operates on its own without a controller it's designed to float above you to capture photos and videos and then land in the palm of your hand it starts at $230. the company also announcing a partnership with live nation to turn concerts and music festivals into augmented reality, experiences, i will be talking to snap ceo evan spiegel in an exclusive interview tomorrow on "tech check. >> looking forward to that let's get a quick check of these markets with the dow up 600

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♪ ♪ good afternoon, everybody. welcome to the 2022 cnbc stock draft. i'm tyler matheson along with kelly edmunds. welcome, everybody melissa lee and jim cramer will join us, as well, in just a moment we have a great lineup of competitors this year. as you can see them there over in the big wall.

lots of new faces this year including ryan reynolds. you know him from many movies, one of the biggest box office stars of all time, more than 5 billion in box office. he'd like his next role to be stock draft champion kelly? >> i see kayla putting out a tiktok as we speak. >> david robinson, the admiral, the basketball hall of famer is here and the cents peter's peacocks are joining us and different teams and different players and hoping for the same success. hi, everybody. the first pick belongs to kandi burruss. you've seen her on real housewives of atlanta and you will see her making the first pick in a moment >> they'll pick a pick from 54 investments, 54 stocks, etfs, gold, oil and not just one, but two cryptocurrencies and we have the disney, and walmart and all of the techsor the loss and you have stocks on the way up and

some which are struggling and peloton, anyone? we tracked the price up until today's close until the friday to the super bowl and the winner will have the highest appreciation of their two stocks >> before we can begin the process of finding a new champion, we have to crown the last one first andre iguodala rode it to the victory in his 2021 traft. he can't defend today because the golden state warriors are in the playoffs he is out with a neck injury, congratulations, andre and we hope you get back on the court soon we gave jim the chance to pick from the best of the rest. during the contest they were up an average of 70%. that would have won, jim, and that's your victory lap there. >> thank you for mentioning that and this is one of the most exciting things that we do i have to tell you that when i look at this group i see some people who have deep knowledge, of retail. we've got a ringer among the

people here this year. >> retail, social media, media in general what's the strategy this year? it's very different from last year given what we've seen in the stock market >> no more meme. >> if you can get 33%, i think you win this year. >> i heard you talking to kelly. you want something just a little more steady? >> yes >> and that is swinging from the fences, in your view of 33% is swinging from the fences take a stock like chipotle i had them on the other night for mad money. that may be enough to win. >> well, tyler >> we will explore more because one of the things jim always says and i think you're exactly right is there's a lot of game theory that goes into this contest, but that sound you just heard means that the first pick and kandi burruss has it kandi, get us startseed on the 2022 stock draft what is your selection

everybody is waiting the floor is yours kandi? kandi burruss? >> huh >> you're on you're on the clock. nice to have you >> my pick is -- i'm sorry i had it all ready my pick is palo -- >> palo alto >> my pick is palo alto. i'm sorry. >> ouch! that was one of my five. >> palo alto networks. i talked to my advisers, and cybersecurity for corporations and i feel like that's the one >> all right, jim? >> cyber >> i see $8 hun all over that and we have fights everywhere with ukraine, russia, and north cor why. they are all going to make it so palo alto goes much higher and a very good pick. >> would you have picked that? >> well, i have one, two, three four ahead of it, but that's

all. >> oh, in the top five not bad, kandi not bad, kandi >> that's the second you hear that sound? >> i hear that sound we're on to the second choice. >> the pick is in. now on the clock is former macy's ceo terry lundgren. you are so thrilled you're with us today, terry. is it going to be macy's i think they're on the list or do you go it another direction terry, what do you have today? >> my first pick is retail, but it's pet retail. i'm going with chewy >> oh, geez! >> what does that say about macy's >> hear me out hear me out. >> i'm listening. >> the pet industry had an amazing year, right? they had an amazing year people bought more pets than ever before during the pandemic. they were clearly one of the winners. those pets are going to need food those pets are going to need supplies and i think chewy will be all over that stuff, and i also think that people will spend more money on dogs and cats and their pets than they are on themselves. so i think this will