earnings selling at reasonable values will do better in this environment let's go value hunting with sarat sethimanaging partner at dcla and cnbc contributor. let's start, sarat, with your first name, cvs, why do you like it >> so this is a self-help story. if you look at the stock, it trades at ten times earnings, comps at 17. they're restructuring the stores up front and they have a merger with aetna the combination with the two will give them the operating leverage they need, the earnings gr growth you're going to get that not many companies are going to have in a downturn i think you've got a lot more upside here than downside in terms of cash flow and capturing the earnings resilience. >> i think of them increasingly as a healthcare delivery and payments company that has a store attached to it am i wrong >> you are absolutely correct. and that's where they're kind of trying to do everything. they're tryinging to get people to go to the store and then kind of do the combination of delivery and now if you look, they're trying to make an acquisition to get more into the physician side that is

steve liesman's interview with kansas city fed president esther george let's bring in sarat sethi, alsoou like, and regardless of the macro backdrop, what are you buying >> what i'm looking for is earnings resilience. companies that can provide earnings given what's going on here with every day it's like a seesaw, so we like health care, we like a lot of the pharmaceutical companies i like consumer staples even though some of them are rich, but you know what earnings you're going to get. commodity prices are coming down, and the consumer spending, so you have companies in there like hallion, nestle, things that people will buy even when the environment is slowing down. so bottoms up, there are good opportunities out there, but macro level, you know, the market can pull everything down, and to jim cramer's point, there's a lot of negativity out there. as a glass half full guy, i like that at times because nobody is looking at anything positive it's all about how low are we going to get the next two quarters >> keep saying once every 100 years. we're saying it more and more. are things ju