Is it time to get into these bear market beaten down buys?

If you missed today's trading, you missed a lot of optimism at the opening, it sent the Dow up over 400 at one point and more Corona heads hit, we lost 650 points and finally ended the day with the Dow at 123 points and, Like December, it ate a small game, the Dow Jones is down more than 7% in three days, but we're told we're supposed to buy at low prices, so let's find out if there's any value in the pile of stocks. hit and let's start with Macy's Under Armor retail. Gap Capri Holdings Kohl's is over 20% off its Caryn highs, any of those names look hot to you right now.

Well, I'm Long Capri, which is Michael Kors, Jimmy Choo and Versace. They always say that if you go home for a long

time

, it's the same as if you bought it right at closing, so I guess you could say I'm a shopper. Unfortunately for them, they have exposure to Hong Kong, they have exposure to Asia. The other thing is really unfortunate for them, improving their supply chain last year, they moved a lot. from manufacturing to Italy, which is probably not ideal at the moment, but I think that will eventually pass. You know, I think they have a big buyback.

I wouldn't be surprised if they were buying shares, but the trading is terrible. It's painful, well, if you think about all those names and maybe not Capri, and I think I'll leave it to Karen, who actually works a lot on this, but if you're talking about Macy's, you're talking about Under Armour, not necessarily Kohl's , so maybe I'm backtracking on my whole statement, but some of those are bankrupt companies and this is not the environment. I think you're going to look in dumpsters. We were talking about dumpster diving when the

market

was at all-

time

highs and you were looking for spots. where people were looking for low-yield coals, I think like in an environment here where stocks have been extremely volatile, you're in a very competitive space where you're essentially competing on food prices with Walmart in a world that's overstocked, so again I think of Everywhere I think you've seen a sell-off related to this, this goes back to the core of the true fundamentals and I think with some of those names, those are not fundamentals independent of the Korah member.

There was a lot of optimism around Kohl's announcing that the partnership with Amazon could win things, boy, that faded, well, speaking of the scrap heap, let's talk about oil and energy, shall we? Because crude oil is crashing again, now we are below 40, we are actually below 48 per barrel, including the after. Hours went down another 3% and with that move, shares of all the major oil and gas stocks fell with that, guys, I want you to look at that chart. Okay, they're driving, they're on the radio. Imagine a 20-year graph. looks like an icicle on the far right ExxonMobil is now at its lowest level since 2005 below financial crisis levels of course oil was higher than other names like Chevron Devon Diamondback also in a

bear

market

Gina, you are from the oil drilling capital of Los Angeles, any value in any of these names, you really gave me the dog today because this is the dog of the entire market and the fact is that the fundamentals for this entire sector are not very good, he adds one touch of coronavirus and you're talking. about China's decline and their demand falling, they are the largest importer of oil and the third largest importer of energy, they are a useful consumer of energy around the world, so that is bad, that is, reducing demand, so you have to think yes or no, you don't even want to own this sector, we don't love this sector, if you have to be in this sector, the most defensive name is probably Sun, yeah, okay, so that chart was the XL that led the price of the testament but of oil. dropped to 48 and whatever change Josh Brown pointed out in the previous hour, Tim Exxon Mobil's dividend yield is almost 7% highest since going back to I don't know the first Star Wars, the real one , is there any value in buying? just for the dividend, well, I'll speak for myself.

I don't look for stocks for different yields because I believe that in most cases those dividend yields are a function of adverse stock price performance that has driven the stock to absurd levels, i.e. Macy's. In the case of Exxon, I think the dividend yield is pretty much intact unless of course the stock goes up, there's no question they'll pay that dividend. The other thing these integrated oil companies were dealing with was before we were talking about coronavirus, we're talking about ESG and apparently Bernie is going to put these guys in jail, well, you know, from a flow perspective, this too It was a major head injury.

I think ConocoPhillips and Chevron are two very well-integrated oil companies with Rondo that I would feel comfortable with. owning these levels from ExxonMobil I get the seven percent dividend their dividends go up for all the wrong reasons as we all understand and you can give up seven percent on the day so I'm with Tim on that and you haven't seen the blush yet and forgetting about it, okay, so we talk about the three letters that we didn't mention, this ESG is a big existential risk and we've talked about that, but the dream would say that if you're looking for a trade and we talk about this in the fall $30 was a huge double bottom, we said it would bounce back from there, it bounced back basically 30% in a couple of weeks, now it's back below that, how does that stock trade with a close above 30 ?

You buy from us. I'll be back at closing. at 28 40 today yeah, utility capital spending budgets are coming down because of the way these oil CEOs, you know, we're going to talk to a group in about a week and a half at a conference that you hope is still going on in Exxon Mobil if you are There is an open invitation for Darin Woods to call. I have called or emailed them every day. I don't know what they're doing anyway. Let's talk about technology. There are a lot of names here. Some technology stocks that are more than 20% off their price. highs, you have a great name Cisco Systems f5 look at Twitter, it's down 24% I can't see which one is the far left I think Xilinx is getting old, it's down 42% from its highs, are you Adame, with a big vision, By the way, buying any? of these thoughts, I know, I've used it, I had that lasix thing years and years ago, it works angle, cherry, good singer, by the way, also maybe the name wants a single hit, wonder, carry on, let me hear Twitter, I understand that silence has had a big move down, it started moving long before this whole coronavirus thing, so maybe it gets interesting around this $85 level or so, but for me Twitter is one that maintains it as we go through this election cycle, yes, I understand it's been a volatile stock, but you know, here for $35, I think of the names that you just mentioned, TW TRS, the most interesting, okay, and lastly, some auto and auto related names, Ford GM Advanced Auto Parts and Harley Davidson again, I mean, listen, Tim, we're saying all of these stocks are you know, down 20%, of course, anyone of those names seems attractive, so the cars that come into all this externality we are really in a difficult situation and they are in a difficult situation because the commercial dynamics certainly have some secular problems that happen in the sector GM is a name that I am long is a name that hasn't done anything for five years is the name that around 31 is the end of the five year range is a company with a big balance sheet so for you I know that if we are close to getting that a slower economy move towards credit, you know, that could be the next step for many companies.

I think Ford is a company you should be careful with. Not Jim. Moody's came out today saying that automobile production is global. will be down about two and a half percent this year, some of that is a function of Corona, all we've heard from people like VW is supply, there was talk of supply chain, technology supply chain and automobile , this is a big deal, yeah, so you know, look. in the other presentation here, this is an opportunity, it may not be tomorrow, but you know I like GM here, you know, I'll back you up that I actually have the same views and part of it is that there is below. at option value, so it's a good value for GM, but also if you look at the supply chain issues, I mean literally there are manufacturing facilities sitting idle and people waiting for things like car doors and other parts , that's a really important component.

I'd echo that I'm Lon GM, but the only name I think is truly facing an existential crisis is Harley Davidson revenue. I just think Mark Peak Hog, which I don't hoard, has been a dog and quick trivia by the way. looking at California car dealer data from last year, the other one is nice because I have no life what was the third most registered car what model what company is that cheating guy, you know what Tesla Model 3 was, the number one car three registered overall in California behind I think the Accord and the Camry are pretty awesome.