fair hoping for 5,000 attendees and got 500. investors aren't getting back into the stocks. jet blue down 9% flat on the year delta down 7% in the past month and one of only two airlines still in the red for 2020 and the worst performer is spirit. down 15% in the past month and lower today. "power lunch" begins right now what a great question by phil are holiday travelers going to be miserable this year looking forward to that. welcome to "power lunch," everybody. the dow and s&p 500 hitting all-time highs yet again the nasdaq had been the leader but pulling back throughout the day. more big tech companies report results today. google, microsoft, twitter to name three and the inflation debate kicking

into overdrive elon musk sees strong short-term inflation. goldman sachs' ceo is worried, too, but cathie wood says tech will help solve the problem. and drew brees will join us. will there be one broadcast for kelly and a different one for me depending on my point spread kelly. >> i don't want the points, but i love drew brees. another record day in the markets. the nasdaq just 150 points off the high nvidia, tesla, amazon are some of the big names we're watching. tesla has turned around today. now down half a percent kind of along with the broader markets nvidia, up 7.5%. amazon up. and consumer discretionary is

the best sector. hasbro up 3% consumer staples with the weakest with walgreens and costco down slightly >> we start with the big tech earnings and key earnings. today, alphabet, microsoft, and twitter report after the bell. on thursday, it is apple and amazon so what are the important metrics to watch and how should you invest in technology jaso jason, good to see you why don't we start with a stock i know you like. walk us through alphabet/google. >> good to be with you guys. this is probably pound for pound the best technology company in the world. they had a big quarter last quarter in the june quarter. that was in part because they were lacking easy comparisons in the prior year due to covid, but this company continues to fire on all cylinders and it's really woven into the digital fabric of our lives.

i think investors will be looking at ad spend, although we think google is going to be relatively immune to some of the problems snap faced. youtube, video is going to be important. cloud is their number three business if you will third place in the market driving a lot of optimism about google so cloud's going to be something to watch then the regulatory landscape, which has been the factor h holding this stock down is something investors will also key in on as well. >> let's talk about number two that would be microsoft. when we'll get maybe to twitter and a couple of others microsoft has been doing amazingly well in recent months. >> it really has and this has become basically a pure cloud play stock with azure being firmly number two. satya had said we're in the

early -- it's been something to watch to be sure so not only are they firing on all cylinders, a lot like google, but the stock is expensive. if you look across the large cap tech, which is one of the more expensive in our portfolio unless they hit a pretty big azure number and the whisper is around 45%, the stock might struggle it's trying to break out, but it is trading around 34 times earnings next year compare that to google, which is about 24 times earnings with better growth. microsoft, great business, but a little extended at current levels >> what about twitter? where does it stand? >> it's tough. we owned it years ago and admittedly sold it too early they've been trying to figure out the montization of their ad business for some time there's a lot of toxicity on twitter that people try to avoid. you know, that's one that we have not been able to solve for in terms of their ability to consistently monotize that

platform in a way that's made us comfortable looking out two and three years down the road. you know, i don't have a strong opinion on twitter we don't own it because we don't have that line of sight into their earnings like we do with microsoft and alphabet should be interesting to see how their quarter flushes out as well probably more of a hit relative to what snap experienced than again say an alphabet. >> let's wrap it up with two companies that begin with the letter a just like sesame street. hard to feel sorry for amazon after all the stuff they've done, but they haven't exactly been knocking the cover off the ball what's your thought on apple wrap it up >> amazon, i think the expectations are low going into the quarter. so we think the quarter relative to expectations will be pretty good they had a bit of a step down last quarter that was disappointing to investors, but we like the dual secular story in ecommerce and cloud looking at apple, this is a business in a supercycle

higher margin continues to contribute more to the company and the stock is not terribly expensive. 25 times our estimates for profit going forward so you could own both of them for the long-term. >> would you add to your holdings in both of them given what they've been through in their relative values? >> yeah, if we were underweight both positions, we would add for sure we're overweight so we like where we are. if you don't own them, if you're a long-term investor, you could buy them here. >> jason, thank you. >> now the one question mark he had was about twitter. those shares are slightly higher today. down about 5% in the past week falling in sympathy with s snapchat when twitter reports today, they'll see what they say about apple's new privacy rules. julia has more >> that's absolutely right, kelly. the question is whether twitter fares worse than expected in dealing with apple's operating

system now analysts are projecting that twitter revenue will grow 37% while earnings per share are projected to fall 23% to 15 cents per share. expected to end the quarter with 212 monotizable active users, daily active users that's the key metric there. that would be the addition of 6 million in the quarter, which would be slower growth than the company saw in q2. jpmorgan says twitter is more insulated from att/idfa. saying that privacy changes giving 85% a brand and 50% advertising mix. saying though we believe investors are more focused on user growth and progress new products this quarter. we will also be listening for any updates on the success of twitter's new tools for people

to pay for things on the platform like news letters or super followers and what's next for the pilot ecommerce feature. so we're going to go into earnings with a quarter of analysts have a buy rating on the stock. 60% have a hold and 15% have the sell rating. so more mixed there. >> one of the questions julia seems to be about the extent to which twitter certainly facebook, might have a better grasp on user data because you have to login order to use those platforms relative to something like snap. i don't confess to know sort of deeply how true this is of these platforms, but broadly speaking, is that the issue? that if they have that logged in platform, they can maybe kind of get around some of these problems although again, i think they would still want your data and other parts of the ecosystem they can't access right now. >> i think to be clear, kelly, so people, you can use twitter,

you can read tweets without logging in, but most people do login. same is true of snap you have to login. same is true of facebook and instagram. youtube is a platform where you can watch easily without logging in i think the issue comes down in a lot of ways so that makes it brand advertising versus direct response advertising pre these are the targeted ads where they say click here. investors like to measure the impact of those. direct response advertising is the variety of advertising that snap and facebook have that has been most impacted by apple's changes. that's why in some ways, twitter might be more insulated because it hasn't made as much progress in this area >> so ironic their lack of penetration might save them right now. julia, thank you really appreciate it

>> and coming up, tesla's run continues after crossing a trillion dollars in market value and $1,000 a share the company has sold the majority of evs in the united states in recent years, but experts now say that is about to change what could it mean for the stock? at these levels? plus, nfl star, drew brees, will join us. we'll talk about his latest move into the online gambling world his predictions for the season and much more. isr er lunch" is back afte th