TECH REBOUND sends stocks higher

>> STOCKS ARE MOSTLY HIGIGHER TODAY MANY REBOUND THE TECH NAMES AND BY NEXT GUEST SAID THAT IF YOU'RE OPTIMISTIC ABOUT THE DIRECTION OF THE MARKETS FROM HERE, HISTORY IS ON YOUR SIDE IN THIS BOOK EVENT, SAM SEE FRA CHIEF INVESTMENT STRATEGIST AND SAM, YOU HIGHLIGHT H HOW NEW HIGHS TEND TO BE MORE NEW HIGHS TO GET YOUR THOUGHTS START WITH A POTENTIAL PULLBACK WHETHER IT IS TIMBER OR OCTOBER IS ON YOUR RADAR NOW. >> YOU NOY THINK THAT IN PULLBACK CHERYL, THAT IS ALWAYS ON THE RADAR BECAUSE THEY DO HAPPEN SO FREQUENTLY AND EVEN CORRECTIONS MANY TEN PLUS PERCENT DECLINES BUT I WAS LIKE TO REMIND INVESTORS, THAT ALL DECLINES UP TO 20 PERCENT, AND TOOK AN AVERAGE OF ONLY FOUR MONTHS TO GET THAT TO BREAK EVENT AND FOR THE DECLINES OF UP 210 PERCENT, IT ONLY TOOK ABOUT THAT HAVE SOLD BY THE TIME THAT YOU CONVINCE YOURSELF, DELIGHT ENOUGH INEQUITIES ON THE MARKET IS PROBABLY ALREADY ON ITS WAY TO BREAKEVEN. >> I WANT TO GET YOUR THOUGHTS AS WELL ON EARNINGS WE WRAPPED UP SECOND-QUARTER WILL GET NVIDIA TOMORROW NIGHT BUT YOU FEELING OVERALL THE EXPLOSIVE GROWTH ESPECIALLY FOR S&P 500 COMPANIES COME OF MOMENTUM IS THERE DOESN'T CONTINUE. >> I THINK IT IS CONTINUE AND CERTAINLY, WE SAW THE EARNINGS GROWTH AT ABOUT 40 PERCENT FOR THE SECOND QUARTER VERSUS A 21 PERCENT INITIAL ESTIMATE AND WE HAD ALL 11 SECTORS, SEE UPWARD REVISIONS TO THESE NUMBERS FULL CALENDAR 2026, NONE OF 11 SECTORS HAVE SEEN UPWARD REVISIONS AND WE HAVE ALSO SEEN UPWARD ESTIMATES, FOR QUARTER THREE IN QUARTER FOUR AND SO, IT SEEMS AS IF THE TIDE CONTINUES COMING TO ROLL IN AND ELYSE OVER THE NEXT SEVERAL QUARTERS. THE REAL QUESTION IS WHAT WILL HAPPEN IN 2027 AND ARE WE BORROWING FROM THE FUTURE WHERE IS THIS A LONGER-TERM TREND BETTER-THAN-EXPECTED RESULTS. >> AND CERTAINLY BETTER-THAN-EXPECTED IS A THEME OF REPORTER TO MAYBE IT WILL PICKUP AND 43 SOME SPECIFIC STOCKS LIKE NOW SO START ABOUT THIS AND YOU HAVE DICKINSON, PLANES ALL-AMERICAN PIPELINE INTERESTING ANY ENERGY RESOURCES AND WALK US THROUGH THIS I DO SEE A THEME. >> AND SURE SURE I LIKE TO SAY BILLION MOST OF THE WORK WITH THE STRATEGIST THEY TAKE THE CREDIT AND SO I WILL GIVE THE CREDIT TO THE ANALYST BECAUSE WE HAD SOME RECENT UPGRADES AND WE DID SO FOR DICKINSON WE HAVE SEEN A LOT OF INTEREST MOVE BACK INTO THE HEALTHCARE SECTOR YOU LOOKING AT HEALTHCARE TECHNOLOGY CARE PHARMACEUTICALS AND BIOTECH HERO OUTPERFORMING THE MARKET IN THE YEAR-TO-DATE BASIS BUT DICKINSON WE THINK WILL BE SEEING IMPROVEVEMENT IN THE MEDICAL DEVICE AREA AND IT HAS A FOCUS ON THE MEDITECH PORTFOLIO WHICH WE THINK WILL REAP LONG TERM BENEFITS FOR THE COMPANY. IN THE PIPELINE, WELL THAT'S BASIC, WHETHER OIL PRICES GOING UP OR DOWN HER STRAIT OF HORMUZ IS CLOSING THERE IS A CONTINUED NEED TO MOVE THE CREW TO THE EXPORT MARKETS AND ALL-AMERICAN PIPELINE HAS A GROWING PRESENCE IN THIS AREA. AND THEN LASTLY IN TERMS OF ENERGY, EOG RESOURCES, WE RECENTLY RAISED PRICE TO 182 AND LIFTED HER 2026, EARNINGS ESTIMATE BY 80 CENTS. ALSO RAISE OUR 2027 ESTIMATE, $5.45. OUR BELIEF IS EOG IS THE BEST IN BREED, IN THIS DIVERSIFIED MARKET AND HAS STRONG FREE CASH FLOW, AS WELL AS AN EXCELLENT FINANCIAL FLEXIBILITY. >> TYPE ABOUT GENERAL THEMES HERE WITH THE ECONOMY, THE INTEREST RATES AND OBVIOUSLY WITH INFLATION WALL STREET IS TO BE WAITING TO HEAR FROM KEVIN WASH IN THE REMARKS HE WILL GIVE THE JACKSON HOLE SYMPOSIUM THAT WILL BE ON FRIDAY AND WOULD YOU EXPECT TO HEAR FROM HERE OR REALLY WHAT DO YOU WANT TO HEAR FROM KEVIN WARSH. >> I REALLY BUT I GUESS WHAT I WOULD LIKE TO HEAR IS NOT GOING TO BE RAISING INTEREST RATES BECAUSE HISTORICALLY IN 30 DAYS AFTER THE FED SERVES TO RAISE THE INTEREST RATES, WE HAVE SEEN A CLIENT PRICES AND INTERESTINGLY ENOUGH, SIX OUT OF THE LAST SIX HERE IN THE PAST 50 YEARS THEM WITH TO RAISE THE INTEREST RATES ENDED UP FOR EIGHT OF THE LAST NINE SINCE WORLD WAR II THE ZOO FAVOR INCREASE IN INTEREST RATES AND THE QUESTION IS, WILL THE FED BE DOING THIS BECAUSE THE BOND MARKET IS DOING IT FOR HIM AND IN ORDER TO ELEVATE THE CREDIBILITY INVESTORS THEY MAYBE FEEL LIKE THEY HAVE TO GO ALONG WITH THAT. >> THERE YOU GO AND SAM, REAL QUICK, FINAL THOUGHTS. THE NEXT FOUR MONTHS OR SO THROUGH THE END OF THE HER FROM WHAT IS YOUR OVERALL CALL FOR THE MARCUS. >> WELL MY OVERALL CALL ME ENTIRE AN INTERESTING HISTORICAL NOTICE FROM OCTOBER 31, A PRINTER YEARS THROUGH OCTOBER 31 OF THE YEAR AFTER TH