as ceo ben silverman told us friday they're focused on the long term.hile the stock isn't what we call cheap, 9.7 times 2020 sales, sales, you have my blessing to be a small buyer here and get bigger as the stock goes down. this is going to be a long-term keeper finally in fourth place that's snap, parent of snapchat when these guys became public they initially roared higher i warned you to stay away. i was adamant. peaked the day after the ipo disappointing numbers. so far in 2019 we've seen signs of life as the stocks more than doubled from $5.51 to $11.19 as of today how did i get back came down too far too fast for the fourth quarter bear market so it got slugged here and in early february the company reported better than expected quarter you can see what happened. that was a better expected quarter. management had positive things to say about user engagement it was stabilizing montization snap stock caught fire, got ahead of itself, results were good, guidance not perfect, not bad, just had hair on it and when your stock is more than double going i

i like ben silverman i think it gets a blood brush stroke that it was more of a women's place. two boy, i said do you ever go on pinterest. they never heard of it but it is kind of like the instragram of search so i think the pinterest challenge is to have a broader base as people using it as a search or they would call it discovery. >> so i'm long microsoft, disney i believe in disney long term. but i like this conversation surrounding high quality momentum because there has been a strategy shift in the marketplace. you can add three names to the list, mcdonald's, honeywell, american express we've had this distinct gap between growth and value and you are seeing the strategy shift now wanting quality, wanting lower volatility which is what a lot of these quality momentum type names offer you with obviously less assumption of a higher beta model. so i like this strategy. i think it is important. i think it has been defining the markets over the last year and i think that it will continue to do so. >> every one of those names that you mentioned has been upgrading its business fr