 Hey everybody, it's Friday and we are on the floor of the New York Stock Exchange with Jim Kramer to talk about the markets and Jim Let's begin with some retail earnings. Foot Locker is the surge justified. It's no and people are shorted I mean I think that what happened was Foot Locker wasn't horrible. They did better than expected. They have a lot of earnings power They just are gonna have down comps and I think that when people look through the harbor and spend some time on it I think they're gonna come maybe take it to 43 then take it back to 37 and it's incredible to see Gap a mall store It sure is incredible. I'm glad you use that word and a lot of it is old Navy just doing incredibly well A lot of it is athletic by the way. They talked a lot about that the read through there They said they said athletic was on fire. That was their term Read through there is to go by Lulu. I think that makes a lot of sense And it's a reminder that retail is not dead yet. And you have applied materials on tonight They had a great quarter. Well applied materials is one of those companies that is very much in the Internet of Things We had an interview with Chuck Robbins from Cisco today. I you know, this is one where I was wish me Chuck doesn't have bought a mad. I I know it's very good and and lamb research is very good But the main thing about applied materials is they have a kind of they have a business that's display and lamb doesn't have that And it's very good. It's a lot of the big cell phone companies use it Plot materials going much higher not higher but much higher you mentioned Chuck Robbins It was a buy that if it comes in All right, we'll watch for those balls. Yeah, you mentioned Chuck Robbins It was great to see him say that he would actually invest some of that repatriation money if you got it Chuck has been Remember they have about sixty nine billion dollars overseas now. They have borrowed against it They've bought a lot of stock they have a very big dividend, but yeah, I agree with you Scott It is a very significant thing for him to say we will reinvest in this country if the money comes back Obviously, they will pay a higher dividend and obviously yes They will buy back stock, but he did make a strong case about how he will invest in America now you could say well, he's just a guy who's Just shining a swan. That's not Chuck's way He has been very deliberate, but he's also been very transparent and if he says it he's going to do it meanwhile The Nvidia CEO named fortunes Jensen Wong's done remarkable things remember he's done the autonomous car He's done gaming and he's done data center better than any other company The only analogy I can think of is when Intel decided they were going to own the microprocessor personal computer business He's a genius and he's being rewarded. It's Oregon State by the way my daughter lives in Oregon went to Oregon State schools and It's a reminder that people are yeah, there is an Oregon coming out. It's like the people of Washington, Seattle It's not all Silicon Valley people Nvidia Action Alerts plus name. Yes, let's also talk about Broadcom another aap name. Yes Now they have now completed the purchase of brocade. Now. Remember they brought went back to the United States I think that helped the division But what matters is Broadcom which big action alert name is trying to buy Qualcomm Octane the CEO is I believe going to get Qualcomm and if he pays anything less than 80 it is going to send Broadcom stock to 350 so therefore I think that there's a floor on Broadcom coming from the fact that its earnings were great And it's inexpensive and the ceiling I think is around 350 if they get Qualcomm now Qualcomm Clearly doesn't want to be acquired and another action alert holding NXPI figures in the mix because if Qualcomm decides to pay up for NXPI that could cause Broadcom to get indigestion, but believe me. These are all in play. All right Lot of moving parts there. Yes, exactly right Jim Were you encouraged that John Flannery bought 60,000 shares of his own stock? I'm surprised. That's all he bought. He's very well-paid I mean, I think that it's an $18 stock. It's not like it's a hundred dollar stock. No, I think you should have won bigger All right. Meanwhile, let's also talk about media 21st century Fox reportedly now has buyers from Comcast Action Alerts stock David Faber when he said listen, it's we already know it's it would be stock as would Disney be stock Well, then I guess they're pretty far along I commented that I said if Time Warner ATTs being blocked by justice these would be blocked David then countered by saying yeah But maybe Time Warner's ATT sues to get this deal closed. The Justice Department has no doctrine in its favor It seems to be justice by tweet So I makes a ton of sense for these companies to be able to move Definitely because Fox is overseas Comcast has always said it wants to be overseas I think Comcast is an exceedingly cheap stock But you know what it's not the cheap stocks haven't necessarily been winning unless they're heavily shorted What's been winning is high growth and Comcast is not off to that right now And there's certainly talk of maybe Amazon getting into the mix. I think everyone wants to be as defensive We call it the Death Star John Malone used that word I think that Amazon is driving a lot of the activity. There's a piece by city That's a must read today about all the companies that Amazon might buy My colleague David Faber said that perhaps this is the high watermark of what Amazon can do All I can say is is that Amazon's a remarkable company and why it's doing well is we all hope it buys everyone because We do think that it knows how to treat the customer I want very much for them to buy the drugstore chain that I couldn't get my prescription at because I'm sure they would give me Better customer service than those people All right, Jim moving away from stocks. We have a Eagles Cowboys game on Sunday. Yes, we do It's America's game and you know my view is I is that the Dallas Cowboys must win and the Eagles don't have to But I when I saw the Cowboys in the turnstile like offensive line. They have last week. I think that Eagles could prevail But I'm trying to figure out whether to play the Eagles D or the New Orleans D I've got them both New Orleans against Washington at home But the Washington Reskins must do or die too although a lot of people think they've already died. All right, Jim We'll be watching. Thank you so much. Enjoy it for more information on the stocks Jim mentioned head over to the street.com