david bahnsen is, really appreciate. >> thank, charles.ng 10%. it's an all-time high, and it continues to rise. but economists are saying no problem. can't wait to hear what heather zumarraga has to say. she's going to break it all down next. ♪ ♪ i look inside my scowl if see my heart is black ♪ it's odd how in an instant things can transform. slipping out of balance into freefall. (the stock market is now down 23%). this is happening people. where there are so few certainties... (laughing) look around you. you deserve to know. as we navigate a future unknown. i'm glad i found stability amidst it all. gold. standing the test of time. hey you, with the small business... ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. s

bahnsen the author of dividend cafÉ.com and author of his new book of full-time work and the meaningyou want to allocate capital as we watch an economy slowing? >> we are big believers that dividend growth equity is a better way to allocate capital regardless of the season but particularly when you're dealing with the border than we are now, not only economic questions but ongoing monetary instability, fiscal responsibility, geopolitical tension but the biggest issue to me is evaluations and the index is become so dependent there soon good be calling the magnificent seven the magnificent two or three and a few of those names are falling off and there's a couple that are continuing to move higher that cannot carry the whole index we have a historical precedent for this and we believe in consumer staples and energy and financials in certain dividend growing names that are well valued and reasonable and you're getting the growing cash flow as you go. >> are you saying you would sell into any rallies for the magnificent seven. >> if i owned them i would i would sell them but i would now

david bahnsen's with me this morning. is a money guy, but he likes to get into politics as well. i want to get your take on the republicans being in disaa ray. >> it is disaa ray. it starts with the leadership problem. it starts with the9 fact that they lost a bunch of elections because they mom nateed terrible candidates, so they don't have is a clear majority by the way, the people who who voted against this impeachment of mayorkas, tom mcif clip tock is one of the most conservative members, mike gallagher is too in wisconsin. this is a ridiculous approach. and so they're just all over the map. and then you see the other side, this response from kjp about a biden's health, it doesn't match with what the people are thinking. it's obvious there's an issue. so on both sides you see realties function, in my opinion. stuart: okay. we'll talk about the markets. put up the premarket stuff, please. i see some green. dow 75, nasdaq up close to 100. i want the talk to you about the magnificent 7 -- [laughter] you think it's going

want to bring in david bahnsen. david, 850 seems like, eh, you sure you're a believer?a company with an incredibly wide disperse of price targets. but much of this is the fact that analysts have actually had a hard time keeping up with the share price simply because there's names out there with buy ratings on them that are below the current price. and so nvidia's a name that has all the attention paid, earnings are up there now i think with job numbers and cpi data. and you're right, we expect some fire works today, but the market at least on nvidia has been soft heading into earnings which implies perhaps maybe people are prepositioning based on that runup we saw in recent months. charles: so the audience knows, they're looking for revenue of $24 billion, and earnings per share, $4.59. what are you looking for? >> you know, i think from a consensus. standpoint, we're in a similar position. but we actually believe that this company will beat earnings again. this is going to be the fourth straight quarter that that they've done it. they're putting out 200% year-over-year

david bahnsen with us this morning and, of course, he brings with him a couple of dove tend picks. with cisco. >> i love the fact that cisco was down a little bit last week. today guided lower for this year, and you go, why would you love that? well, because we had a really good earnings season. a lot of companies guiding higher, stock prices are up. you want to have something weaker, stuart, you can buy at lower prices. cisco, you now have a 3.5% dividend yield. they grew it again last week, and they're converting to more of a software recurring subscription business. it's great for the future of cisco's stock. it's going to take a while, but we love where cisco is. stuart: 3.5%, david, i know it's growing year by year, butt -- but it doesn't turn me on. you used to bring us stocks with a dividend payment of 5, even 6%. >> stuart it's so hard, because i try to explain this over and over to you, i know you love microsoft with their 0.003% dividend, but cisco's dividend or what we pay for the stock is about 10%. that's the way we want dividend growers to think about this. the divide