Market. The market is reactive and the FED has done a 180 from tightening to extremely dovish. Markets like that. Investors should be realistic about what the FED is signaling. Things are not as buoyant as they were in the US as previously perceived. Corporate results will be weaker this year. They were boosted last year from tax cuts. They will be up only mid-single digits this year. We should be looking for growthier stocks with higher predictability levels. 2019 could actually be better than some people think. It could be a decent year for the markets.

It is getting a bit of a boost on the services side of the business. It is about $45 Billion in revenue. This equates to FB-Q's revenue in 2017. They are getting a bit of a bid here. They have more than 1 billion devices and a loyalty rating of 93%.

Some people don’t like the deal. CELG-Q and BMY-N like the deal. Stakeholders have come out against it. There is a lot of spread which represents the risk. Stay with it but understand the risks and don't have too big an exposure to it as there is deal risk.

The valuation is about a 10-15% premium to the market. It has predictable growth and has done quite well. They have distinguished themselves in the way they can execute. He prefers this one to others in the space. He would be interested at a lower price.

It is in the second derivative auto parts business. They have been acquired and the buyer is setting up two separate businesses. The moving parts are confusing the markets. This industry is not getting a lot of love because people think we are at peak auto sales. He thinks it is cheap. Let the dust settle and get guidance out of the company and he thinks there will be opportunity here. Don't overly concentrate in this kind of speculative position.

(A Top Pick Mar 14/18, Down 11%) The banks have not performed as well over the last year as he thought they would. Since the lows of Christmas eve, they are doing very well, but he is now cooler on the banks (see market comment at beginning of show). He is not as enthusiastic about banks as he was. He would prefer C-N if he was buying a bank.

(A Top Pick Mar 14/18, Up 8%) It is very, very well managed. He looks at 10 years ago when operating margins were 10% and they are now 16%. Housing formations are still below trend.

It has been a tough situation. They have been in flux. They made a big acquisition in Aetna. It will give them the healthcare footprint. They have a store within 3 miles of 70% of the US population. They can solve chronic, non-emergency situations. They provide a low cost alternative to emergency rooms. He is being patient with it. He thinks it will be a winner in the future. They had an earnings issue with one of their divisions. He thinks they are very smart.