CHARLES: MOVING CLOSER TO THE
CLOSING BELL.
RIGHT NOW THE MARKETS ARE MIXED,
BUT GOTTEN A LOT BETTER SINCE WE
STARTED.
WANT TO BRING BACK AARON GIBBS.
LET ME TELL YOU WHAT'S
INTERESTING TO ME.
AMAZON GOT ANOTHER UPGRADE,
$2400 TARGET.
ALSO GOT AN UP GRADE, AND I HAVE
SEEN RETAILERS INTRADAY LOOK
INTERESTING.
RALPH LAUREN CAME OFF THE LOWS.
I'M THINKING SANTA CLAUS RALLY.
I'M THINKING A STRONG CONSUMER.
IS THIS SORT OF A SIGNAL MAYBE
THAT COULD BE POSSIBLE?
>> WE HAVE BEEN TALKING TO
CLIENTS ABOUT WE HAVE REALLY
GOOD GDP GROWTH.
RETAILERS HAVE BEEN FORECASTING
THIS HOLIDAY SEASON TO BE THE
BIGGEST EVER.
THEIR BIG PROBLEM NOW IS
ACTUALLY STAFFING.
SO WE SEE THAT, THAT ONCE THE
NUMBERS START COMING IN, ONCE WE
START SEEING THE HOLIDAY SALES,
THAT COULD BE A REAL PUSH AT THE
END OF THE YEAR.
IT COULD REALLY CREATE THAT
CONSUMER CONFIDENCE AND FLOW
THROUGH INTO THE MARKETS.
THIS IS SOMETHING WE ARE LOOKING
FOR FOR THE END OF THE YEAR.
TODAY AGAIN, CONSUMER
DISCRETIONARY UP ACROSS THE
BOARD.
CHARLES: WE KIND OF TOUCHED ON
THIS EARLIER IN THE SHOW.
AMAZON, NEW TARGET, $2400.
DOES IT MATTER?
IF YOU ARE GOING TO TRY TO MAKE
MONEY, YOU PILE BACK INTO THE
WINNERS.
WE KNOW THEY'RE WINNERS.
WE KNOW A STOCK LIKE AMAZON WILL
DO EXTRAORDINARILY WELL.
LULU HAD A GREAT YEAR.
ULTA HAD A GREAT YEAR.
THESE ARE THE KIND OF NAMES
INVESTORS ARE NOW BUYING ON
THESE DIPS.
>> I THINK THAT'S SMART, BECAUSE
I DO BELIEVE THE MARKET'S
UNDERVALUED.
BUT THIS IS GOING TO BE A GREAT
CHRISTMAS SEASON, AS WE WERE
JUST TALKING ABOUT, BECAUSE NOT
ONLY DO YOU HAVE HIGHER WAGES
COMING INTO PLAY, YOU HAVE THE
TAX CUTS COMING INTO PLAY AND
LASTLY, STILL, PEOPLE ARE MAKING
MONEY IN THE STOCK MARKET EVEN
THOUGH, YOU KNOW, PEOPLE FORGET
THAT IT WAS JUST A MONTH AGO WE
REACHED RECORD HIGHS AND IT'S
ABOUT $14 TRILLION OVER THE
LAST -- SINCE THE LAST RECESSION
THAT HAS PILED INTO PEOPLE'S
401(k)s AND THAT'S ALL GOING TO
MAKE THE DIFFERENCE.
I THINK THIS IS GOING TO BE THE
BEST CHRISTMAS SEASON FOR
RETAILERS OF ALL STRIPES THAT WE
HAVE EVER SEEN.
CHARLES: EVER.
WOW.
GOT YOU DOWN ON THAT.
ANOTHER INTERESTING MOVE TODAY,
CYBERSECURITY NAMES.
THERE'S A COUPLE REPORTS OUT
THERE, FACEBOOK WANTS TO DO
SOMETHING, FIRE-EYE, CHECKPOINT,
A LOT OF THESE NAMES.
THESE SORT OF DEALS I THINK ALSO
HELP THE MARKET.
IF THERE'S SOMETHING LIKE -- IN
FACT, I THINK IBM, I DON'T
UNDERSTAND, I THINK THEY SHOULD
HAVE BEEN DOING A LOT MORE
DEALS, SPEND THE MONEY.
HOW IMPORTANT IS IT MAYBE TO GET
A LITTLE SPARK IN THIS MARKET
WITH PERHAPS SOME MERGER
ACTIVITY?
>> AGREED, AS WELL AS MORE IPOs.
THAT WOULD BE ANOTHER THING THAT
COULD REALLY HELP THE MARKETS
OVERALL.
M & A ACTIVITY, IPOs, ANY OF
THAT COMING BACK FULL FORCE.
CHARLES: WE HEARD SCUTTLEBUTT, I
HEAR UBER MAY BE NEXT.
THOSE ARE BIG NAMES.
OBVIOUSLY BY NOW UBER IS A
HOUSEHOLD NAME.
NO DOUBT THAT WOULD ADD A LOT OF
OOMPH TO THIS MARKET.
>> SOMETHING THAT WOULD GET
PEOPLE EXCITED ABOUT GETTING
BACK INTO THE MARKET.
THOSE ARE THE TYPES OF THINGS
THAT COULD REALLY ENCOURAGE THE
MARKETS TO GO EVEN FURTHER.
CHARLES: ONE OF THE THINGS WITH
THE BIG TECH NAMES THAT ARE
WINNERS, THEY ARE WINNERS
BECAUSE THEY HAVE BEEN
INQUISITIVE.
THEY HAVE GONE OUT, SPENT BIG
MONEY AND IT SAVED THEM.
FACEBOOK'S ACQUISITION OF
INSTAGRAM SAVED THEM.
I DON'T KNOW THAT ACQUISITION OF
A CYBERSECURITY COMPANY WILL
SAVE THEM BUT IT MIGHT HELP THEM
A LOT, ESPECIALLY FACING THE
SCRUTINY THEY ARE GOING TO BE
FACING ON BOTH SIDES OF THE
ATLANTIC.
FIRE-EYE WAS ABLE TO HELP
FACEBOOK BREAK THE DNC TROJAN,
THEY HELPED THEM WITH FINDING
THE 600 OR 800 ROGUE ACCOUNTS.
IT MIGHT BE A SMART MOVE ON
THEIR PART BUT BROADLY SPEAKING,
TO YOUR POINT, PEOPLE WANT TO
SEE THE MONEY PUT TO WORK BY
THESE CORPORATIONS.
>> CHARLES, THIS IS THE ACHILLES
HEEL OF AT LEAST MANY OF THE
TECH COMPANIES, IS THAT PEOPLE
ARE NERVOUS ABOUT THEIR PRIVACY,
THEY ARE NERVOUS ABOUT THEIR
INFORMATION BEING STOLEN, AND
THEY HAVE GOT TO DO SOMETHING
ABOUT IT, AND THAT'S WHY IT'S SO
IMPORTANT THAT THERE BE MORE