will be the best average appreciation, that's their performance, between closing today and the friday right before next year's super bowl on february 7th, 2025 that contestant will be crowned the 2024 stock draft champion. ty, melissa, tim, that's the state of play, the rules of engagement >> it's time now to get things started with -- there's the sound. the first overall pick in the 2024 cnbc stock draft, for that, we go over to brianna stewart of the new york liberty along with her stock picking partner, karen finerman fast money trader. brianna, what do the money machines take with the first pick >> i feel like i should have an envelope here. with the first pick we're selecting meta it's an easy choice for us, and when there's a player like mark zuckerberg out there, we want him on our team. >> all right, karen, what do you think about meta's sell-off

today? is that one of the reasons that fed into -- i mean, maybe it was a close choice between meta and something else and today's sell-off in meta boosted it to the top pick >> it is the reason we chose it. it was not on our list but we had to make a game-time adjustment because this opportunity presented itself to us i think that the sell-off is somewhat overdone, considering mark zuckerberg's problems as seo, considering the strength of the business, the valuation is not stretched at all >> that's the first pick next up is steady eddie, eddie george tim, let's get your reaction to the first pick >> some game theory by karen pointing out yesterday or the day before, meta has outperformed the s&p for good reason by probably almost 175% in the last year or so if you think about what we heard last year, the year of efficiency might be gone they talked about higher costs,

downgraded q1 and q2 slightly in terms of the top line. that adds up to a company that has had an enormous outperformance if you asked investors a months ago, this is one of the safest picks in the top of the leaderboard. this is a tactical call, but a great company. certainly has proven bulletproof over the last couple years >> with the second pick in our draft is eddie george, former running back with the tennessee titans now the head coach at tennessee state university steady eddie, what is your pick? >> my second pick is nvidia. i really believe in the management team with jansen. he's done a phenomenal job the graphics processing unit is the best in the market they're in high demand they're leaders in ai and i believe in the long term you said they don't have enough steam left, but i think they're in it for the long term. >> next up is our defending champ, wwe superstar charlotte

flair who road nvidia to the championship last year >> this could be the gift that keeps on giving. this is the five-tool athlete, where the growth is coming from at a time when semi-conductors have pulled back a little bit. there's been a pullback across the entire space if you think about nvidia, there are people arguing that the growth iscompensated by a multiple this company earns $25 to $30 in '25 and '26. not that expensive for a company that's growing their revenues 150% year over year if you look at some of the recent quarters i think eddie nailed this one. you have no place to not take a company like nvidia. they had a little pullback >> so the first two picks that have gone off the board, i assume they do not surprise you one bit. >> they don't surprise me, but when i think about this stock draft and the opportunity you have for one calendar year to get an outsized performance, companies that have outperformed and had a great past 12 months,

sometimes they're not your best call we're talking about game theory. two stocks added up to the best overall score for one of our ten teams is, i think, how you win this you're talking about a guy who is retired from the playing field and moved to the booth >> yeah, you had several years where you were part of this contest. >> up to our defending champion. welcome back thank you so much for being with us first overall pick last year, she did choose nvidia and it helped carry her to victory. this time, with the third pick, what does team woo select? >> thank you for having me third pick will be smci. ai is still at the forefront of this technological revolution, and smci happens to be a major player so i'm going to go with smci >> anything particular you like about this stock >> well, they just had a big dip. and their pe is at 50%, nvidia was at 31%, and i think that

might be something to consider >> all right charlotte, thank you very much we'll hear from you with your second pick in a few moments our only other returning contest nlt is ose pearlman. tim, let's get to you, the pick of charlotte >> i would be scared to go against anything charlotte says for a lot of reasons including she won it last year i think her point is she's picking a company that has, again, a higher beta element of hot they do. you have seen a pullback in semis and some ai-related plays. it's hard to say that a company like this that has crushed it for the last 12 months can't be in the running i'm a little worried about the higher end, the higher multiple, the growthier part of the leaderboard. >> time for our next pick. we go to the mentalist, although he knew that your pick. >> i did >> what is your pick >> here we go, gang. fourth pick for me, i feel like in the stock draft, it's all about if you're not first,

you're last. i want big swings, i'm going bitcoin, everybody >> deep into bitcoin what do you see there? i know you know the future >> we'll see, but six figures easily i think it's a play where there's a huge upside, and like i said, i'm not going for second or third i'm going for first. with tim, head to head, bitcoin almost brought me to the lead. it's all about timing the market it's a sure fire bet bitcoin is going to six figures, not a matter of if but when, and i don't want safe plays. that's the way to go for it. you want to go for something that has that big upside, and i think that within the commodities space and alternative assets, bitcoin is that >> here's another one, tim -- thanks, oz, by the way here's another one that had a big run-up in the past year. >> first, oz knows to the penny how much is in my pocket >> isn't it ironic he hasn't

won? >> that's a good point maybe he needs to show the game is not rigged in his favor bitcoin, digital gold, whatever you want to call it, has been in an environment where the reasons for owning bitcoin have added up to success if you think the fed is on the other side of their aggressive policy, there are questions from central banks around the world as they buy more gold. diversification away from fiat currencies the reason for bitcoin is certainly every year in this stock draft, a reason why this is perennially a top pick. >> for our next pick, we go to my hometown of washington, d.c., where tim spent a lot of time, where the commanders new running back austin ekeler is standing by experience is the team name. austin, welcome to d.c i hope you can bring the commanders good luck you have been a top pick in more fantasy drafts than you probably know but now it's your turn to choose what's your pick >> yes, thanks for having me on. and i would like to say, my

first pick is going to be caterpillar. >> very interesting. here's the stock, austin, that stumbled today i mean, we look at what happened today after the earnings came out. did its stumble today influence your decision to choose it today? >> no, i'm really looking at the landscape of just the environment of the u.s. right now with affordable homes and affordable housing really drying up, and it seems like everywhere i go there's construction on the roads, there's new apartment buildings being built. so i think where we're at in the environment where there's a deficiency in the supply of homes and infrastructure, especially in the housing department, that caterpillar is going to have a great couple months >> you have definitely gone from one place where there's a lot of construction on the roads, los angeles, to another, northern virginia, where traffic has gotten about as bad as l.a i wish you the best on that. we'll see you back for pick number two in a minute tim, your thoughts on cat.

>> the big cat reported today, if austin is being tactical, a move lower a lot of that move today is the volumes weren't great. bears are saying maybe volume weakness is for seeding some of the economic weakness we haven't seen improving margins and a valuation that make this a really attractive stock but a stock up 90% over the last calendar year and a stock that also i think has had that kind of a run that if we get any slowness in the economy, look, i give austin credit he's picking a blue chip company that can compete in this environment. >> so much more ahead. the stock draft will continue next

my name is oluseyi and some of my favorite moments throughout my life are watching sports with my dad. now, i work at comcast as part of the team that created our ai highlights technology, which uses ai to detect the major plays in a sports game. giving millions of fans, like my dad and me, new ways of catching up on their favorite sport.

and i lost 172 pounds on golo. when i was a teenager i had some severe trauma in my life and i turned to food for comfort. i had a doctor tell me that if i didn't change my life, i wasn't gonna live much longer. once i saw golo was working, i felt this rush, i just had to keep going. a lot of people think no pain no gain, but with golo it is so easy. my life is so much different now that i've lost all this weight. when i look in the mirror i don't even recognize myself. i'm bob pisauna. stocks hit today by a double whammy of disappointing earnings from meta and ibm. stocks were down across the board but are now well off their lows at one point after the opening s&p 500 dipped below 5,000, down

1.6%, but it's now down only .4%. the nasdaq was down 2% at the open, as meta weighed on that index. meta is still down about 11% but it's well off the lows as well nasdaq has cut its losses in half as well as nvidia, tesla, netflix. all trading up today the dow was hit hard by disappointing earnings from ibm and to some extent by caterpillar as well and a sell-off by microsoph at the open microsoph reports earnings after the close today. big day for ipos as rubric had a slam bang open at the new york stock exchange pricing its ipo at $30 above the range of $28 to $31, trading up nearly 15% it's the first tech unicorn ipo since last fall. we also had laurel holdings priced at $28, now trading up almost a whopping 60%.

looking good there back to you. >> thank you very much, bob pisani we had a quick change to the program here we unfortunately have somehow misplaced or lost kenny the jet. this is a nine-person draft. time now for the sixth pick in the first round. we go back to the podium for nieve shulman, host of catphish new season airing less than a week from today. the market fish, that's the team name what do you select >> i'm very excited to choose boot barn for my pick. >> oh. and why? you like their boots >> i'll tell you why with climate change a major factor, inclement weather is on the rise we're going to need boots. you know, companies come and go. trends come and go but feet and hard work are here to stay. >> simple reasoning. we need boots. we need boots. >> he's wearing a fashionable pair of sneakers today

>> maybe he's telling us something. fair weather is coming here, maybe. tim, your thoughts on boot barn? how much time have you spent researching boot barn? >> i don't want to get into this because the bottom line is it's been a lot it's also clear there's a lot of people from california moving to texas. maybe that's -- just kidding but i look at discretionary spend. i see a company that had a very, very big run, also a dynamic year when i look at the charts i don't love the pick. i look at the growth, the multiple around 18, 19 times he is on to something. he's certainly on to something in terms of where i think there is a demographic trend i think young male teens are into the carhardt stuff. i could see you in one of those jackets. >> i'm much more rugged than i appear give me a log splitter >> and clearly, a stock that i think could move >> very interesting.

>> an interesting thing you went to, log splitters. to prove you're a rugged guy all right. right now let's get to fitness personality and creator of the fitness app, jielian michael, getting an assist from her partner. the cash crew. what's your pick, please >> okay. my first question is, i'm kind of late in this lineup here. i am texting my business partner to ask if any our picks got stolen if we lose, i blame everybody else going ahead of us with that said, i know my qb here in to run the play, g, who are we picking >> we are -- you're absolutely right. a lot of the teams ahead of us have great choices but we're going to go with an audible and go with microsoft based off nancy pelosi's stock portfolio who i know very well always wins >> all right there you go >> that's our logic. >> it should be interesting

because microsoft reports after the bell today the stock will be added, so are you factoring that in, the big sell-off in technology across the board that we're seeing? >> absolutely. not only are we factoring that in, but we also like tech companies that have client-facing products and microsoft has had a real stronghold on the market for decades with their office suite and other products that they have so we like the lower volatility, perhaps some less upside, but it's a safe bet. >> all right next up on the clock is comedian and actor drewski. we want to get thoughts on j jillian's pick >> jillian getting salty on the competition too. i think microsoft, it's really hard to not feel great about picking microsoft. at the end of the day, it's a company we talked about this, they report tonight. whether there's weakness or not, the real question is what are you paying for microsoft at 35 times this is a company

that i think is a tech multiple that is at least in the higher end of its historical five to ten-year average azure, i think the street is expecting around 28%, 29%. any type of a beat on that will be a relief. the bar is very high on this name >> all right there's the sound again. today, of course, is take your kids to work day we have a lot of young people, and they are buzzing about our next guest, social media star drewsky. check him out in praise this on peacock. you're on the clock. what's your pick >> man, you know, i'm on the board right now, so pretty easy. it ain't hard to see >> how much nike drip do you own? >> man, i gotta say, my closet is full right now. but you know, i chose nike because i'm in a couple commercials.

sabrina inhanescu got me as the coach. they got us outfits for my new show it's red for a reason. >> so thank you. tim, let's turn to you one more pick in the first round that's going to come from joey chestnut if he chooses hormel, like a hotdog eater would, or oscar mayer. we'll get back to that probably messing up a bunch of endorsements he has. at any rate, nike. this is a stock that has come down a lot since the fourth quarter of last year >> druski is just doing it here. no question this is a name that i think is interesting nike well off its highs. critics will point out especially critics playing the stock draft game is this has been kind of dead money in a trading range for a couple years. >> you're making him upset >> let's let him back in what's on your mind? >> i don't have a stock coach, man. i came in here by my lonesome.

>> look, and my guess is you have enough pairs of sleds in your closet to help same-store sales for the next year or two look, i like the call. world class, best in class company. trading near the bottom of a range, and a company that i think also is known for innovation it's time, druski. >> our next guest is the greatest eater of all time you see him every july 4th devouring 70 or maybe more hotdogs. joey chestnut. joey jaws is his team maim with the last pick. what is your pick, joey? >> looking at the board. i'm picking oracle >> why is that >> well, they just announced they're moving to nashville. i'm a big believer in larry ellison. everything is still, yeah, what they produce is really important for everybody. the software x i think they're getting more into health care, so it's really important >> all right

joey picks oracle. tim, what do you think >> larry ellison has been gobbling up companies for a long time >> i see what you did, gobbling, joey chestnut. >> i just say it's a company that in terms of their software revenue and the higher revenue part of their business, this is why the street has been willing to pay a higher multiple on the stock. it's probably 10 to 15, 18% off the top of that. interesting pick and absolutely a name that has the delta. >> are they an ai pick in a way or are they an also-ran in ai? >> i don't think we know i think it's, again, hard to count out when you look where they have made their investment. i'm sure on the software side and in terms of the platforms that are going to be in the periphery, the port, no question >> interesting we're going to take a quick break. jim cramer is going to break down the picks we heard so far he's -- well, i called you the mel kiper of the draft jim is going to be -- >> i'll concede that

>> we'll talk to jim about the big decline in tech stocks today. the nasdaq lower by about a half, a little more than a percent. we'll talk about the picks, today's market and more with jim cramer we'll be right back. [thunder rumbles] ♪ ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ [thunder rumbles] ♪ ♪ this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo morikawa on 18.

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welcome back to the cnbc stock draft. each of our ten teams -- nine teams -- has made one selection. first, the star of our halftime show, jim cramer so, jim, quite a comeback in the markets so far today >> look, i think a lot of people realize, you know something, if you parse the words that zuckerberg said on the meta call, all he said is look, this is going to be like reels, like when we went to mobile, like stories. you have to give us a little leeway those who have given us leeway have made a lot of money then he talk abouted spending a lot of money it's going to end up going to nvidia it may be some to super micro. i think your nine champions have really kind of taken the bull by the horns. they're not afraid of what's happening today. of course, the meta pick may be the most gutsy of all because you're getting a good entry

point. >> jim, i guess the question is, is based upon both today's market recovery and what we have seen in the draft so far, is the leadership intact? >> look, i think i have to question the leadership, frankly. i think it's -- it's a little early to say a little bounceback, but i think the stocks, the megas, are all subject to having the wrong holders. your shareholders are not your friends. they're out to dump you as soon as they see something negative i think we have to give those a rest i think there's niche stocks that can do well but you know what? it's not a great market. and i know that we're all excited that it's come back a little bit, but look, we have to make money we don't want to bounce back from the bottom to the second division it's got to be better than that. >> if we knew, jim, that rates, ten-year yield will be 4.75% from now to the end of the year, would that change uroutlook for stocks >> i like to see two rate cuts

i think we get the gpd number, the fed should be acting first, welcome back, melissa i do think where we are is that you have to find stocks that have the following characteristics. they have to be able to raise numbers, boost forecasts the margins have to be better and you need an upside surprise. you'll see a stock like union pacific which everyone had written off. that is soaring. chipotle, which is one of my favorites where they actually, they had to tell their workers, stop eating the chicken because the elpastore is so successful, they're making it so fans don't have enough. everybody who has a product they can raise price on and they still can't get enough of it, that's my kind of stock. >> quick question, is today's sell-off more about meta or more about the gdp and inflation number >> i tell you the truth, because we have all these other stocks that are about to report i think it's the bonds it's just so hard.

i mean, i know 4.6, 4.7 to a lot of people doesn't mean much, but it means the competition -- you have that two-year over 5. that's a great piece of paper. i bought some the other day. i'm down on it, of course, immediately, but i have to wait two years i don't regard it as a big loss >> tim, thank you as well. we're about to jump back into our draft with the second round. first, we have made contact with kenny the jet smith. he's going to make his first-round pick then we'll go back to brianna stewart and karen finerman to make their second round pick stay with us we're going to take a quick break. we'll be right back.

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here, kenny, on first round pick, a lot of choices have gone off the board. but i'm sure you have a good one. >> ten is the perfect number because now you get everything out of the way i'm going with the warner brother discovery for this reason once they get the nba contract again, their stock is going to rise and they also -- think about it. they have the best show in television, inside the nba the stock will go up you cannot negate the fact once they get the nba license once again, they will skyrocket >> you're confident. david zaslav is going to be very happy with that. that's your home team, wbd they own tnt turner, right >> i only invest in things i know about i know that. >> all right we'll be back to you for round

two in a minute. how about wbd? >> i love it for kenny i love the peter lynch approach. i love the fact brooklyn's own is swinging for the fence. >> you love that chart >> that's part of the story. i guess the argument is that this is a company that doesn't need a whole lot of good to happen to see at least some kind of a move higher what we're seeing in the entire space, we see this with paramount, a sum of the parts kind of assessment of assets going on private equity is picking over there are catalysts there. i am also long the stock, kenny. full disclosure. >> all right time to get to our second round here with the money machines, brianna stewart and karen finerman they snapped up meta in the first round. brianna, what is your second bick >> our second pick is going to be draftkings. sports betting is at an all-time high, so they say. who wouldn't want to bet on the liberty? >> of course, who wouldn't karen, you know, we sit on the

desk of "fast money. draftkings often comes up. what made you say let's go for it >> another game time sort of adjustment wbd was going to be our pick, but that's okay. draftkings was next on the list. i love they reached profitability. that's a really important inflection point their lifetime value is going up theircost of acquisitions -- customer acquisition costs are going down you get those two things together and they can grow market share and you could see a virtuous cycle >> thank you next is eddie george while he makes his way to the podium, tim, what do you think of draftkings? >> i love this pick. it's also pulled back from the top. there's been a 3 1/2 bagger off the lows but as the ladies are addressing, the market, the addressable market for draftkings, the rationalization within the industry, the profitability they have talked about. i think these ncaa prop trading

headlines are an opportunity you're buying that weakness. great call >> all right ready for our next second pick of our second round. and that will be steady eddie, eddie george he chose one of the stocks in the green today. one of the relatively few, nvidia that was his first round pick. let's see what he goes with in round two. >> i picked nvidia, and if i had to say, it's the patrick mahomes of the draft and not often you can get that they wanted to elbow me in the back after stealing her pick last year. i really am happy about where my position is. and my next with the second pick, it's all about fundamentals and sustainable excellence not often do you have a chance to get a guy or a stock like apple. which i consider the tom brady of the draft tim cook, outstanding management team, it's always about the next thing with apple you know, so their recurring revenue model is great

pay the subscriptions, they're known for hardware i have an apple watch. i'm buying my wife an apple computer for her birthday, april 29th hey, all about brand loyalty and apple is my pick i think that complements my pick very pel >> i hope she's not watching because you just gave it away. >> she knows she doesn't watch the show she's good >> we have to change that. >> really. >> thanks. >> defending champ charlotte flair is on the clock, but tim, what are your thoughts >> he articulated that fundamentals and sustainability. drafting apple is kind of like grabbing an offensive lineman from a big sec school like alabama. you can't really go wrong building around a franchise, and apple is not on top of its games. this is a company that has underperformed the nasdaq, underperformed the s&p by 20% from december. we're expecting something from wwdc to count apple out of the ai game is, i think, crazy

>> you put apple in there with wbd, with nike, and others that maybe have not performed as well over the last year and there's the argument that says, you have to take a big swing on something maybe that hasn't done as well. >> well, i would have played the game a little differently, but i can't argue with a pick of apple which is really their tried and true there's a lot of problems in china. >> defending champ charlotte flair at the podium. she also chose a chip maker in her first round. charlotte, what's next >> i also had apple in draftkings but i'm going to stick in tech and go with ibm. they also have a focus with ai >> that pullback is a big one today, charlotte did you make the choice based on that too >> just sticking in tech, really to be honest >> what do you think, tim? >> i think tech is like drafting a quarterback in this year's draft. you kind of have to be there again, i'm not going to count charlotte out. ibm's numbers last night were

showing some at least some slower on the consulting side of the business the software business is edging along. it's a company after doing nothing for three or four years has broken out to the top. i don't love the chart mega cap tech and ibm fits in that group these days is dealing with head hp winds there >> by the way, the wwe has a draft of its own starting on smackdown tomorrow and continuing monday night at 8:00 eastern on usa network you have to catch that >> time now for the second round pick from ozpearlman his first pick was bitcoin, the only nonstock that's gone off the board so far, i think. he said it was a surefire bet it will hit six figures when, he's not quite as sure what do you say for round two? >> always need an ace up my sleeve this one went under the radar, carvana. i see a huge upside. peaked at $350 about three years ago. there were missteps.

i think management has strong backing right now from apollo. they don't like to lose money. we're at $575. you see consumer affordability is key people are looking at used cars and that's their focus you saw sonic auto grow by 12% today alone. this thing is going to $175. this is a lock >> oz has done his homework here austin ekeler of the commanders is up next, but tim, we know you love oz. do you love his pick >> well, i love the 12 1/2 bagger it's been off its lows of last year. having said that, this was a $350 stock you can see it's a $75 stock it doesn't mean anything over than to prove it can shoot to the upside the dynamics for the company are positive i agree with the macro in the auto space we're also getting better numbers in terms of expectations so high delta stock. oz is playing the game the right way. >> if the economy slows down -

>> they have a balance sheet, a dynamic to deal with that's what took the stock down to imperiled levels. >> washington commanders running back austin ekeler, experience is up. remember, he chose caterpillar in the first round austin, what is your second pick >> i'm going to be dipping my toe into the ai and chip semi-conductor space going with a stock getting beat up a little bit, going with intel. they have an opportunity to bounce back here over the next year and i'm looking forward to seeing that and giving myself an extra boost. hey, we're trending down, but this next year is an opportunity for intel to get back on their feet and trend in the right direction. >> interesting call here >> in terms of intel, you have been in it >> for sure. this stock and relative to its peers has behaved like a division two school. ultimately, it's really been a major underperformer 35% off that 52-week high. we know it's being picked for onshoring and national

championship type exposure by our government this is a stock that a little improvement, it's underowned an interesting pick for the stock draft. >> they also report today. >> half of round two is in the books but there are still five more picks to be made. stocks well off their lows today as we keep one eye on the dow, s&p, and nasdaq. we'll be back after this short break with more choices from round two.

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. welcome back to the cnbc stock draft. before we get back into picks let's check on the markets quite a turnaround but the dow is now down 1.5% following a weak gdp report, but sticky inflation raising the question of whether or not stagflation could be on the horizon. the nasdaq is still lower but off the session lows down by less than a percent. meta, of course, dragging on technology despite strong earnings spending and continued losses in the metaverse hurting that stock. we see a huge rebound in semi-conductor stocks. the philadelphia semi-conductor index is up by 1.8% right now. time to head to the big wall where nieve shulman is standing by to make a second bick he chose boot barn that was a surprise to many of us in the first round.

saying feet and hard work are here to stay nieve, now you're shoeless >> whoa, look at that. >> i wanted to make sure i balanced out my picks. boot barn is for hard work and sometimes, you know, you want to be casual and comfortable. that's why i'm going with crocs for my second pick because i want to really have sort of a balanced portfolio >> this is a thematic choice here going with feet. you're all in with the feet here, nev. >> as a long distance runner, my feet are important to me i want to make sure that i'm supporting the footwear industry and the companies that, you know, keep us comfortable. >> let's hope those feet are clean. >> i would only presume they look clean pedicured, et cetera >> i can't judge from here interesting, crocs >> great >> well, i mean, personally, i would probably rather be bare foot than wear crocs >> crocs are supposed to be very

comfortable. >> you also said you were embarrassed when you once got cowboy boots >> just outed him. >> i was 12, by the way. crocs had a pretty impressive move a combination of they have gotten inventory dynamics together they have seen top line growth they have seen broader demo demand i am worried about consumer discretionary. i think we have seen a very resilient consumer and certainly in the upper -- you know, upper echelon consumer in terms of the more aspirational. this is a stock that's had a big run and it's a crowded space >> interesting so nev is cornering the footwear market jillian michaels and giancarlo are on the clock they are the cash crew, ahead of tonight's earnings microsoft was their first round pick let's find out what your second rounder is >> first, i want to flag that i think druski is engaged in insider trading. in business with nike. i'm just saying. just saying.

and g, you always told me do not buy stock in companies we do business with. just so you know and we're going to go -- we're going to go with jpmorgan. >> jpmorgan. you do no business with jpmorgan no bank accounts, no mortgage. you're clean >> no credit cards come on. >> no, i'm an american express girl and i do happen to have an advantage, which i think is citibank, but i don't know >> giancarlo, jillian has been doing deep research on jpmorgan. >> yeah, listen, we like the banking sector, obviously, with jamie dimon at the helm. and the stock trading at its close to all-time high jpmorgan has 2.6 trillion in assets, if the market stabilized and interest rates drop between their deal flow and lending

business, we could be poised for some good returns. we picked up the stock during the dip in 2020 and i feel like jamie dimon is the right man to be leading that company. >> so before we go to tim to get his response here on jpmorgan, jillian, there was some inside talk here that the fitness instructor might go with a novo nordisk or an eli lilly. they had the big weight loss drugs. we thought maybe - >> bite your tongue. no >> could you be clearer? >> jill, tell them i suggested it and you shot me down >> giancarlo suggested it and i said i would end our partnership of 18 years if he did. >> why >> absolutely not. because you don't -- i don't invest in things like philip morris i don't invest in things like no norvo nordisk. it's against my personal ethics.

i won't do it. >> jillian, the gop drug called it a revolution in terms of helping people with obesity issues, has proven to not only have a change in terms of their daily lives but there's an economic impact in the country from this. i realize you're gutting it out every day on the bikes and what not, but is it a function of that you think people should just be in the gym working harder? >> i -- gosh, i don't know how much time we have to get into it, but the long and short is i do not see this drug as a solution in any way, shape, or form i think bill maher put it best, like a mail-order bride. all your friends are going to be jealous for a year until she kills you. i don't think that there's any permanent solution there for people again, i could get into it, but we need a bit more time. oh, and here's one for you in 2005, the ceo of novo nordisk

said there's no business for novo in this area. obesity is social and cultural and they fired him so no, it's a no no >> novo nordisk on line two fo i like j.p. morgan. i look at it and somewhere north of 1.5 times and we just got numbers from j.p. morgan and they said the income dynamic was down a little more than people thought and i think it is an environment for banks as long as people have jobs and credit holds up and banks will do well and they are diversified is everyone. >> are social media star is up next and what is up next? >> ice see what jillian did and

she tried to accuse me of insider trading. i am not going on biggest loser. my pick would be google. >> why? do you have deals with them? what kind of ties do you have with them? >> come on now. you see this in my hand and i was on the commercial. i am going with my pick and i am staying with that and i don't care what you all have to say. >> what you think of google? >> first of all i think that druski needs to be defended as does kenny smith. ryan reynolds got it a few years ago and this is what these people do and they have relationships and they have made disclosures. i do like the google call and i like it because it certainly

has proven even with all of the headwinds around what they are doing with ai there are missteps and it is near an all time high and that reason, they are reporting tonight but i think the valuation of that is as defensive as any of the big players. >> i think druski is calling jillian michaels. >> oracle first-round pick and what is the second round pick? >> i will go with the company i really like and depend on which is starbucks. i travel all the time and i use their coffee and i am getting ready for contest and that is all i am drinking that day. and i was looking at their stock that has gone down almost to a 52 week low but i do feel like they are going to come up. >> interesting. a lot of people going with what they know. >> that is smart. i am curious

when you get ready for competition, you want to be caffeinated and that is your competitive state and wide awake and caffeinated and ready to pop those in your mouth. >> i go in empty and loose but try to get a little amped up and a little coffee with espresso in it and that starbucks coffee is the same everywhere i go and it does a good job. >> do you think we could combine starbucks with nathan's and maybe have you washing it down with a few mentees -- ventis? >> they need to have starbucks at baseball stadiums. >> i am equally as addicted to the capping product and the stock is near its low but it is a valuation that is struggling and has some china and growth issues but long-term it could be a great one. >> kenny smith, your turn and bullish on the nba contract and potentially chose warner bros.

discovery in the first round and sticking with the home team and your choice for the second round? >> it was close and you guys almost convinced me to go with eli lilly because we have a hot dog eating guy and jillian and then i am sitting next to a guy who uses the drug to lose weight so i am like should i go with them but i am going with delta because i feel this is the first summer we are post covid where people have disposable income and they want to travel and they want to travel in style but on time and i am in atlanta and i used delta a lot and they are always on time and they have the vip service and all of those great things and i think people will say with my disposable income i want the best airline possibilities and delta is one of them and i'm going with delta. >> all right. we will take a quick break and all of the pics and we have more

stock drafts coming up and gym kramers t cckowonhelo n and we will hear from him next and final thoughts from him as well and all 20 pics are in and we will size those up after this. i'm just here for the internets. at&t it's super-fast. reliable. you locked us out?! arrggghh! ahhhh! solution-oriented. [jenna screams] and most importantly... is the internet out? don't worry, we have at&t internet back-up. the next level network. i sold a pillow! [thunder rumbles] ♪ ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy?

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so let's put gym and tim on the block. what team do you expect to be lifting the stock draft trophy next to ray? >> i hink that you have to be off the beat and track and as much as i like meta and supermicro and microsoft send report, i think you have to go with bitcoin because it is off the beaten track and i know that our friend picked when it was single-digit carve on a and it has a major short position in that and you have this and i want outliers and it's giving us those. >> i remember a few years ago i was a younger athlete and i picked valiant and all it took was the best pick that year.

tell me what the fed will do and i think we can make the call and i do agree with you on ohs and i love the option already and bitcoin is on or off. i think there is a lot to do and i do like what karen and breanna have done and i think there are some weaknesses with draftkings and i think that space is alive and these companies are making money and free cash flow is important but we proved on the stock draft from the beginning of time since we have done this is whatever happened last year is no indication of what will happen next year. >> one of the things you have taught me watching this is you have to hit home runs and five baggers to have a shot. >> let's say those in bitcoin are right. you do need something that could just explode. as much as i like nike which i think could make a comeback or starbucks, you need something that could be a double or triple and you could do warner bros. and i do appreciate that but it also has to be good.

>> that does it for the stock draft and you can follow all year long on our website and stick with power lunch and we will update the standings and check with contestants and thanks to all contestants. >> we will see you tonight. the closing bell starts right now. welcome to closing bell and i am rod sullivan and for scott and we are live at the new york stock exchange and we bring with the gdp and maybe a little part of that as well and investors have a mix of growth and inflation and what it could all mean for possible rate cuts or rate hikes in the weeks and months and quarters ahead and here is your scorecard of 60 minutes to go. there is a lot of red on the screen but markets are well off