you're watching first business: financial news, analysis, and today's investment ideas. good morning , i'm angela miles. thank you for joining us today on first business. coming up in our show...ipo insights....would traders buy in or steer clear of some of the most hyped stocks to hit the market? in today's cover story...tech innovation gets a hand from the white house. and...chilling with profits... the trend that's squeezing money into the restaurant alive as an investment...inside the business of restoring timeless pieces. matt shapiro- president mws capital, has his eyes on the stock market for us this morning. hello matt--as a money manager what steps do you take during the spring months? > >one thing i do is a mid-

course correction and see how the year has gone. this year we've seen the high flyers come down. we've seen interest rates be a lot steadier than people thought. so you take a look at some of the stocks that are working and some of the stocks that are not and try to make a move here and there. i've been buying oil, european companies and also stocks that are in transportation and industrial seem to be more popular. some of the high flyers really came down so i've been choosier about that sector of the economy. > >what about volatility in the market... is it typically high or typically low this season? > >volatility tends to rise and have these sudden spikes in the late spring and sometimes in the summer. i know a lot of people think it's in the fall but i've seen the biggest volatility spikes in what people think are gonna be the quiet months of the year. > >matt will this be a year to sell in may and walk away? > >i think a lot of people started selling in april. i'm not really a buyer of that

adage. i think when the market's down and you realize that the fundamentals of the economy are better than people think, i think you should be buying when other people are selling. > >thanks matt always a pleasure. > >thanks. chuck coppola checks in now-- with an update on the ipo market. hello chuck! angie, the ipo market is in full bloom. king digital's candy crush, la quinta hotels and former gm auto lender ally financial are among the more high profile names that have already made it onto the stock market. however, traders are quick to caution investors. "i'm choosing to stay on the sidelines because the ipo market as of late, its been hot but its due for some type of tragic crash or something like that." "i think those ipos, because they're priced in a red-hot market, as a value guy: wait for the dust to settle, get some kind of trading in there, and then take a look at them." it's projected 284 companies will launch ipo-s. topping last year's 222 deals. that's a sign the economy is looking brighter for venture capitalists... especially in sunny california where big

money investors are feeling the most confident in 6 years about funding start ups. however, diane moca discovered there are concerns of a bubble burst. "the exit environment is very strong. the ipo window was blown open for the last year or so. that had been missing for a very long time in vc." such ipos include facebook... twitter... linked-in... and groupon... which are all holding steady -- despite some having a rocky start -- and that's giving the market a green light to keep speeding ahead in the ipo fast lane. john malloy of blue run ventures says his firm is poised to take advantage of the momentum for start-ups in the mobile sector and technology. he's one of 32 venture capitalists surveyed to determine the 'silicon valley v-c confidence index'... which registered 3.9 out of 5 points... approaching values it hasn't reached since a university of san francisco professor began collecting the ratings and comments 10 years ago. "vcs have been able to take more

firms to public offering, to exit, which makes more funding available for the next round of innovators." bob ackerman of allegis capital is also funding those innovators... especially in the cyber security... cloud computing... and big data arenas. but he's not in any hurry to cash in on all the liquidity in the market. "if history teaches us anything, it's taking a company public prematurely is not a good idea. companies need to be ready and profitable." ackerman says valuations may be getting ahead of business fundamentals in the social space... which can sometimes be guided by 'flavor of the day' expectations rather than growth of demand... as in cyber security. "you begin to see trends that indicate there may be bubbles building." "when you're in a bubble, you never know it. you have to be concerned it ends. you look for irrational exuberance. i

haven't seen evidence of that." analysts say the losers in the field will be those who miss a big opportunity... because they are not willing to take the risks. "2014 should be stronger than 2013 was, and the end result is it can handle a lot of ipos." google, facebook and intel are among the tech giants that are also investing heavily in startups. in today's cover story, they said in the movie, field of dreams, "if you build it, they will come." that might well apply to the establishment of tech hubs in key american cities and the investment money and jobs that may follow. it's an idea that is backed by president obama to grow high- quality manufacturing jobs. located at the northern tip of chicago's goose island, an "innovation institute" for the defense department will work on advanced jet engine technology and other projects. research support from nearly two dozen universities and companies such as boeing and general electric that contributed three times the 70-million the defense department put in to get it

started. "you never know going in, what scientific resources you'll need but to have them all at hand is a powerful tool. " "hopefully, it can transform chicago toward digital technology and things of that nature." the university of illinois' u-i labs, which works to turn academic research into tangible, profit-making products and jobs, and millions in financial support from fortune 50 companies, including illinois-based caterpiller, beat bids from m-i-t and huntsville alabama's aerospace community for creation of a digital manufacturing hub. detroit, also won an institute---focussed on lightweight metals manufactuing--some say, a natural for the auto industry. "you'll have on-site fabrication and all the things that go with that." and ancillary companies may attract venture capital. "it'll lead to jobs, particularly high-skilled jobs and that's what you want in communities." but under the umbrella of "defense department

procurement," some wonder if cooperation might become collision. "i'm suspicious. i'd like to see more competition among defense contractors than each of them kick in five-million dollars and somehow 'cooperate.' while some would argue that silicon valley didn't need a government boost to become a tech hub, the publication, indyweek points out a number of military contracts from the 1930's through the late 60's were crucial in silicon valley's development. i'll follow up your report chuck with a new fad meant to "bulk up" profits is happening in the restaurant industry. jackie keenan reports from florida on the juicing trend. it's another loud morning at squeeze. a juice bar in st. petersburg, florida, but this noise is music to the ears of owner kelly lessem-bates. her business of producing cold- pressed juice jumped 400 percent since starting out just 18 months ago. it's been such an exponential growth, even from the time i was by myself in the kitchen. juicing is squeezing every last

nutrient out of fruit and veggies until it's left into a pile of pulp. the juices are combined into ecclectic concoctions that nourish your body with more veggies than most people eat in a week. this process. it not only allows you to get those nutrients, but it allows you to get it in a very concentrated form. there's 4-6 pounds of fruit and veg that are in any 16 oz drinking tall glasses of green has gone beyond just the yogis and hollywood health nuts. a swanky juice bar like squeeze is the latest trend in the 50- billion dollar health and wellness industry, and the category is estimated to grow by 6 percent a year. as these juice bars grow and evolve they're going to saturate the market, similar to the way cupcake have grown over the past six years juicing is a tedious and messy process, and not easy to do at home. so buying from a hip juice bar is much more convenient. and you have to pay for that convenience- squeeze's

bottles can cost up to 10 dollars. this freshness is going to come at a higher pricepoint, so the minority of consumers that have the affluence to invest in these juices will likely continue to look for them and demand them. and lessem-bates is not the only one seeing green. corporate america is hoping to get healthy with profits. starbucks is selling its evolution fresh juice in nearly 70 percent of its stores. but lessem-bsays despite competition from bigger players, she is confident her business will grow. she envisions a business customers turn to as a hub for nutritional counseling. you see cold pressed everywhere, even in places like starbucks but to actually get medicinal, unpasteurized service like this is very rare. for first business news, i'm jackie keenan. smoothie giant jamba juice is oddly late getting into "juicing" the chain is rolling

out cold-pressed juices in 300 locations and pricing drinks below the market. if you have your heart set on buying a brand new car. you'll want to crunch the numbers 'before" arriving at the dealership. mike sante- managing editor of interest.com tells us the middle class is struggling to drive off of the lot in cars that have just rolled off the production line. "we looked at the 25 largest cities and what the median income family could afford in each one of them and we found that in exactly one city were all the factors in line that actually allowed someine to spend $32,000 on a new car - that was washington, dc. in the 24 other cities the average was more like $23,000 or $24,000 that the median income family could afford to spend." sante says a couple of rules of thumb when buying a new car... spend no more than 10% of gross income and that 10% should cover car and insurance payments. owning and investing in art is not as easy as it sounds. pieces of priceless craftmanship and creativity also require a good bit of care -- and, of

course, insurance. paul eggers takes us inside the world of art conservation to reveal what's required to protect a one of a kind investment. april hann runs a kind of emergency room for fine art. " we're on call 24/7 for client's immediate needs, get it to safety and start the triage process." pieces from across the country come to the conservation center in chicago for safe keeping and restoration when disaster strikes. "for hurricane sandy we were working with about 15 clients and recovered about 6,000 works of art in about 3 weeks in new york" but its not always mother nature that mars a valuable work of fine art. sometimes it's operator error. " i've heard lots of stories of people climbing on chairs to hang their valuable painting and they fall off the chair and damage their painting, so... " of course, wherever there's risk of loss, there's also insurance coverage. by paying premiums typically lower than

homeownwers policies, collectors can protect their art investments. " in most cases their insuring an entire collection and that can be everything from fine art to jewelry to wine " more than just insuring art, firms like fireman's fund provide best practices for simple things like hanging paintings. so i've been to collectors pieces and these multimillion dollar pieces and there's this old copper wire or its not appropriate for the weight at size of the piece " because even in an art emergency, an ounce of prevention can be worth a pound of cure. "over the years, many claims to just pieces falling off the wall believe it or not. " damage that happens when works of art are in transit--- is the most common insurance claim. paul tells us- preventing those accidents keeps the conservation center, and its network of art handlers, busy throughout the year.

still to come: the sunny side.....we hear what an options trader is expecting from the market this season. plus....how to avoid the common pitfalls of receiving a "cash windfall" and after the break... we're going to show you a side of the trading floor that nobody talks about. stay with us!

traders don't talk about it much, but some are wildly successful. and it's been my personal experience many are amazingly generous. joining us now is margery teller, one of the female legends of the trading floor and somone who is using her trading smarts for a great cause. good morning to you. >>good morning to you. >>back in 2002 you accounted for 10% of the trades going through in the euro dollar pit at the chicago mercantile exchange. what was that like being a woman on the floor? it is a boys' locker room down there. >>it was a boys' locker room but once you're established it

doesn't matter. >>it's all about the money right? and how well you're doing right? >>it's all about how well you're doing. it depends on your actual physical position in the pit. it was great back then. it was so much fun. and the markets were so crazy. it was a wonderful experience for anyone to be down there. >>did you still have to do a few elbows and push your way through? >>for sure. >>and you sound like you enjoyed it. >>i did enjoy it. i had the sharpest elbows in the pit. >>and they knew you were coming >>apparently. >>it was a great time back then and the market was just absolutely roaring. do you watch the markets now? >>i watch them a little bit but i am really retired from doing that. what i'm working on now is actually a tv pilot about the pits and the way it was back then. >>we will look forward to that. you are also working on a potential cure for diabetes. you have a great cause going. tell us about that. >>well, i have a vested interest. my daughter was diagnosed when she was 18 months old, back in 1997. when i first started down on the floor, i realized that people on the

floor were generous but i didn't know how generous they were until she got sick and people just rallied around. so first we started doing walkathons for different organizations. we did fundraising for the jdrf. we did fundraising for ada and everyone rallied around and bought raffle tickets. then i realized that we could do more because people were so generous down there. so in 2004 we started our group friends for the cure. so far we have had 8 events and we have raised $2.3 million for different diabetes events. >>margery, fantastic to have you here. you can find her at friends for a cure.com. thanks for coming on. >>thanks so much. coming up...checking the charts on stocks that could pop this spring... and after the break.....bill moller shares a wealth of wisdom. we'll be right back!

a lot of people dream of winning the lottery. you know that most of us do at one time or another receive some kind of a windfall. it may be an irs refund or how about a $500 check on your 21st birthday from grandma josephine. the impulse is to spend that windfall but there are better uses for you unexpected gains. let's talk to gail marksjarvis, a personal finance columnist for the chicago tribune. come on gail! i want to spend a little bit of it. > >and you should! i know you're gonna be surprised to hear me say that but if you're too good with the money you're going to resent it. so what you should do is splurge a little-- maybe take 5-10%--and get something really sweet. not just kind of something you want but something you wouldn't ordinarily get. > >it's extravagant, stupid, silly--but it makes you feel good. > >feel good so that later you don't overspend because you feel cheated. > >what are the things that we should be doing? is it paying

down credit card debt? is it taking out a college fund for our kids? > >absolutely. so lets look at boeing mechanics just got a $10,000 bonus. they got it because they gave up some of their retirement money. so they've got $10,000. they're gonna lose some right away to taxes so they've got $7,500. say they splurge a little, then take $5,500 and put it in a roth ira for their retirement. say they are in their 30s, that becomes about $55,000. so if you look at it that way, it's like a treat. it's like splurging. you're gonna turn $5,500 into about $55,000. > >that is pretty dramatic. > >it is and a lot of people say i would love to save for my kid's college but i can never get the money. say you take

about 5,000 and your child is about 10 years from college and you put it in a 529 plan where you save for college. then that 5,000 might become 10,000. again, it's kind of a splurge in a way. > >so have fun with it, maybe use it for some debt reduction, and then invest it for your future or your kids' future and you're all done. > >have fun. > >gail marksjarvis--thanks so much. thanks for that interview bill...are traders going edgy or conservative with their stock picks this spring? chart talk is next.

james ramelli of keene on the market.com is standing by with today's chart talk. good morning james. > >good morning. > > what do you think about some possible stocks to pop this spring? > >i think that a lot of these social media and tech stocks that have gotten beaten up through the first part of the second quarter are starting to represent good value. when

markets get frothy, it's important to look for value in stocks. i don't want to buying into charts that look overbought. one really good example is yelp. we saw a very strong year out of them. they're not yet a profitable company but momentum has been to the upside. stocks like that that have come off quite a bit from their highs could start to represent good value. like i said, when markets get choppy and people are uncertain, it's prudent to look for this type of value. > >what other names do you like and what do you see in the options market? > >pandora is another stock that made a really nice run in 2013 but may have gotten beaten up toward the second half of the first quarter or the beginning of the second quarter of this year. they have come off the highs quite a bit here and if the market liked them when they were 10% higher, they should be a steal down here. we're seeing a lot of money fly into old tech too. intel, hp cisco, and ibm. > >what about old guard names such as ge or ibm what are you doing with those stocks? > >i generally don't trade those names that much because they don't move. and as an

options trader i like volatility and i seek out volatility because it presents opportunity for me. all the names i previously mentioned are good plays in my opinion but they do represent more risk because they do trade like momentum stocks than blue chip value plays. > >thank you james. that's our show for today! as always feel free to follow us on facebook and twitter. or send us an email. we look forward to hearing from you. from all of us at first business...thank you for watching!

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