bob peck, thank you as well.to see you on the call of the day from sun trust. >>> coming up, it is the yield of dreams. we'll look at some of the biggest dividend pairs out there. are they value pays or traps. your september playbook. what trades you should be avoiding as we head into a historically poor month for the stock market. that and more ahead on "the halftime report." >>> "the halftime report" with scott wapner is the plates place for market moving interviews. >> it's healthy for the markets. >> it's difficult for the fed to raise rates without nominal gdp increasing. >> real money. >> they can go elephant hunting because they're a big market cap. >> real debates. >> earnings will be quite good in 2016. yellen will raise rates. >> the most profitable hour of the trading day. >> market even better. don't leave. don't get shaken out. do you want to know how hard it can be to breathe with copd? it can feel like this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled copd mainte

it seems whenever bob peck comes on the air, the stock -- starts to sell off even more. the lows of the day. we made note of the fact that, bob did, he's still down on the stock until they figure out the ceo situation that continues to drag on the company. there was news that the cfo, anthony nodo had been buying stock. bob peck was quick to point out that co-founder evan williams continues to sell his stock. so whatever the case, twitter share are now within $1 of the ipo price and at the lows of the day at this moment. down more than 2%. that's the story there now before the break i mentioned that ron insana was going to call in. he was going to call in because he disagrees with what larry mcdonald of soc-gen says. ron are you here? >> i am. >> we appreciate you watching -- >> every day. >> appreciate it. make your case here, what's the problem with larry's thesis. >> well larry andvy had this argument for going on six years that there was an imminent bear market and recession around the corner for every year for past six years, based on whether it was fed policy irresp

he basically was saying what bob peck was saying today. and what he thinks.nd he thinks that it should have this grouping. but you seem to disagree here. >> i think it's not a bad idea. it's just whether it's going to actually happen. i don't like to declare things without -- i'm not clear if that's actually what's going to happen. >> quick question. sacca has tremendous command over the story right now. is he going to be on the board when costolo is out? and the board shake-up. that would be a great idea. >> i don't think so. >> i think that interview angered people at twitter. i think he definitely knows how to push their buttons. he doesn't call himself an activist shareholder, but that's precisely what he is. >> isn't 50% of a visionary better than 100% of a manager for twitter at this point? i mean, take a look at apple post steve jobs. >> they had 100% of steve jobs if i recall. >> they did have 100% of him. but i could easily imagine them getting 100% of jack back after the square ipo. so to me i'd rather have 50% of the visionary at this point because

but bob peck will be on the "halftime report" late they are afternoon.stay tuned for that. >>> another unicorn in retail, jessica alba's start-up honest, now valued at $1.7 billion. after raising $100 million in funding. this after zen99 closed its doors and zirtual laid off all employees with no warning. that company just raised $5.5 million. it has been a topic of discussion at this desk this week, kara. as to whether or not we're at some moment where investors get suddenly less patient. do you think? >> well that's a big, i was at dinner with someone last night, an investor and he couldn't believe that valuation, it's a large valuation, a great company. it's just a question if it's going to be able to sustain these valuations, i go to, i'm surprised gambling going on in this place, they make these bets and hope for the best. they hope for a sale or something better. an ipo or something like that. i think that there's definitely a feeling of slight, is this too much and at the same time, the money keeps pouring into a lot of these companies and the fai

bob peck suntrust.g up hedge fund heavyweight kyle bass embroiled in a battle royal over one hot biotech stock. a look at what it could mean for the name and whether you can get in on the action. you're watching cnbc, first in business world wilde. in the meantime here's what's coming up on northwest.50. >> man who called the dollar rally is with an even greater prediction. >> oh, no. not again. >> and it could spell doom for stocks. we'll tell you what that is. plus -- ♪ "fast" is going west. in search of the best investment opportunities in america. from stocks to real estate to cars we're headed to the hottest city to find you the hottest trades. "fast" goes west. tomorrow at 5:00 p.m. on cnbc. >>> one biotech stock could see massive moves later this month thanks to the meddling of hedge fund heavyweight hitter kyle bass. sounds like it's time for some much-needed stock therapy with our resident biotech stock therapist meg tirrell. what's happening? >> you remember earlier this year when kyle bass an

joining us now on the phone, sun trust managing director and internet analyst bob peck. internet stocks have been getting hit hard. when i look at facebook, amazon, netflix, google, all of them still positive over the last three months. how are you feeling after especially the last couple of days of volatility? >> for market leaders going after large markets, strong, fundamental top line growth, improving margins, cash flow generation, strong balance sheets and hopefully some catalyst as well. leading the list, alibaba is a fantastic name only trading on 20 times earnings. a strong second half of the year, 15 times, 30% plus. and then google not only trading 10, 11 times, it has great alphabet coming up for investors. >> what else do you have that now is a good time to buy alibaba, because there would be a lot of people who would say there's no entry point for alibaba, for badu, it's too risky. why do you think so? >> the general markets weigh across the markets and you have to weigh it as well as the rest of our stocks. a company that's been a dominant player, about $40

that's according to top analyst bob peck who joins us now on the phone. bob is with sun trust., welcome back. >> thanks. >> why is it imminent? what makes you believe it? >> we think the board understands, to give stability to management is important to solidify the rest of the ranks of twitter, as well as to keep the product cadence on track. we think it will be this triumvirate structure, jack dorsey as ceo, while still being ceo at square. adam bain as president and ed williams being chairman of the board. >> you think it could happen next week? >> we targeted right after labor day. we heard it was speeding up the process and it could happen as early as next week now. >> ha do you think of it? >> is it the right move? is dorsey the right guy? you say you expect him to continue at square. >> yeah. i think the ideal solution for twitter shareholders is that he be the sole ceo and not be the ceo at square as well. but given the complexities and intricacies of twitter, you need someone with his knock. so having him there is a good second-choice solution for this and everyone kno

now down 17% this year and it coincided with bob peck on our air. >> i was just going to ask that.morning, carl, but didn't break below 30 until after we spoke to him. what was it about his remarks? >> i asked if he agreed with a short facebook/long twitter trade and he didn't express much interest. he didn't just want a change in leadership or management. i think he's patient. that's certainly how it sounded, jon. >> and not only twitter but box and grub hub, a number of stocks that have been a little bit more speculative, mobile, social driven at least in their field also turning down to the end of the hour. a number of those down better than 3%. >> i wanted to mention, carl, not necessarily part of a theme but coach/ralph lauren, that one a little bit out of nowhere heading into real consumer part of this earnings season. maybe it's a harbinger. >> and finally crude is below $46. now $45 and change. the ten year at 2.16. when do we arrive at the moment it should mean good things? >> the problem is this economy has risen with the rise in crude one of the biggest employers, bigges

that upgrade by bob peck moving that stock. >> jcpenney, too, that's a buy. the bar right now seems to be getting comps to go positive. but even if you assume 2.5%, 3% comps, they think jcp goes to 12%. good room for margins as they try to move jcpenney up the pricing curve. we lost drew rosenhaus. too bad. we'll keep our eye on the brady situation. we'll see you tomorrow. for now back to post nine and "the half." ♪ >>> welcome to "the halftime report." i'm sara eisen in for scott wapner. let's meet steve weiss, joe terranova, josh brown, and pete najarian. our game plan looks like this. yield of dreams of the volatility that has left many stocks with massive dividend yield. what are the payouts? are they great for value trades or traps? the winners from the losers. #buy. analyst bob peck upgrading twitter ahead of the company's board meeting this week. find out what's makinging him so bullish on that stock. but first, the last trading day of

suntrust bob peck citing new management and new products as key catalysts to drive the shares higher. he spoke earlier today on the halftime report about the call. >> you're about to have a series of catalysts coming along here from the rumored board meeting which took place today to the ceo announcement next week. then more importantly these product rollouts. project lightning, the google integration. all the various products they're rolling out which can give you an acceleration in m.a.u.s as well as monetization. >> we should note he has been the ax on this stock of late because he downgraded the stock just before earnings and the stock went down precipitously. >> that's why we all pay so much attention when bob peck's talking, specifically when he's talking about facebook and when he's been talking about twitter he's been extremely accurate. when you look at this twitter call today it makes some sense because he's talking about the catalysts out there. ceo, obviously they've got to figure out ways they can get their products to be able to get that monthly active user to start goin

bob peck at suntrust was one of them. friend of the show as well.just spoke on the "closing bell" with regard to his take on this report at fitbit. take a listen to what he had to say. >> looking at the numbers, they beat on units, revenues ebidta the guidance for full year are better than anticipated. if you had to nitpick a couple of different things. one is in the guidance the revenue growth rate does slow as one would expect. the margins for next quarter are also lower than what we saw in q2. a little bit of inventory build as well. you could maybe nitpick on the gross margins down a little bit. this is a shock going back to where it was five days ago and still up 140% or so since the ipo. >> that's got to be one of the keys whether this is profit taking after a 150 run from its ipo price. this is going to be a big question. comparability waiting to be sorted out. back to you, melissa. >> thank you very much dom chu. let us know when you get that sorted. steve grasso you're long fitbit. >> i left the floor started trading above $515:002. and you

here analyst bob peck said today on the halftime report. >> we think structure, ceo while still beingeo over square adam bane as president and ed williams as chairman of the board. we originally targeted right after labor day and then heard they are speeding up the process. it could happen as early as next week now. >> so is twitter about to make a move and who might top that list? kara swisher executive editor she joins us here in her "options action" debut. how are you? >> good. welcome to sunny san francisco i wanted to dress the part. >> you are. in terms of who is top on the list, jack dorsey. >> yes, i would think a company should a 100% ceo, public company, square is filing to go public. i would assume if you're shareholder you wouldn't want 50% ceo. that would be an issue. henry blonlger brought that up, super fair point that said he's the founder, a product visionary. he's got the support of the board had any ways. i don't think it's imminent. i don't think it's imminent. >> you had a great interview on recode radio the other day. he basically was saying what bob said today,

the report itself is typical bob peck. it's perfect.t talks about valuation, financial growth, monetization. i like it. i've been very negative on twitter. if the market gets clobbered again, look at it. only because you have an analyst who's been right at every turn. very rare you have someone that good. >> he did forecast an announcement last week which did not come to pass. >> well, okay. he's better than most. >> yes. >> he's like sam brad ford, he's like a good quarterback. what i'm looking at when i read is piece which is thorough is okay, look. this is the microkoz m of what i see in the stock market. all hope is gone. when it's gone, you get a guy saying there's hope. i thought it was very good research. 70 down to 21, he gets interested. he had been saying if it got to the low 20s, people will be interested. i love bob. i've always been saying i think it's a value, but i don't know where. i think he's saying it's a value right here. he's using a target of 38. i'm when he downgraded it. i saw him come on the show and say wow, it

>> it was exacerbated by bob peck who was on "squawk alley" the show before ours and said that he was more fundamentals from this company. that's not going to be enough to turn him to the name. you saw the selling accelerating. >> already traded a full volume day. >> hot and heavy activity. numbers coming in stronger than expected due in part to rising suv demand. phil lebeau joins us live from chicago to break down the numbers. i guess, phil, when gasoline prices are down, people will buy an suv. >> reporter: the general feeling is we want to ride high in america. they are expected to stay there. take a look at the four major automakers in the united states and by that we mean the four largest. all were better than expected between 1% and 3%. the key thing to keep in mind. crossovers, utilities and pickup trucks. that's why they did better in july. i want to talk about honda. we've talked about how the lineup was a little old, a little stale. they were lagging in terms of sales. it's starting to come around for honda now. they did better than expected with sales up. the crv, sales up

there are still analysts out there that are bullish on the report like bob peck over at suntrust. >> at the numbers, they beat on units, they beat on revenues, the guidance on the full year are better than anticipated. if you had to nitpick here there's a couple of different things. one is the revenue growth rate does slow as one would expect. the margins are lower than we just saw. a little bit of inventory bid as well and gross margins were down a little bit but this is a stock going back to where it was five days ago and is still up. >> the bottom line is that shares were due for a breather after a strong upside run and that the results while positive may have been a catalyst for some to take some profits here. back over to you guys. >> that's interesting. one investor i spoke to after fit bit said the only thing working for fitbit at this point is the fact that apple still hasn't gotten the watch right. but once they do it would be game over for this company. you should look at consensus. all buys on the stock and the average price target much higher than where it's trading at ri

. >> bob peck yesterday said it's beyond the ceo for him. >> you're going, you get a ceo and then thatson is going to put in all their people and they're going to retool the strategy and then they might have to lower the bar a little bit or maybe they don't but they have to express how they're going to grow, how they're going to make money, how they're going to be profitable and how they're going to succeed. there are too many unanswered questions. >> they've got to get in front of the biggest problem, holding on, those guys who log out and never come back. that's the problem. they've got 300 million, they've been at 300 million. they've stalled at 300 million users. >> daily active. daily use is going down. >> daily use doesn't get talked about as much as it should. but that's a huge issue. >> that's a huge issue. the stickiness, they've got to get the folks that have tried it and left. estimates of $500 million to a billion which is not an exaggeration, somewhere in there, if you can keep those folks, figure a way to get those folks who have logged off, that's where the key lies. >>

when we've had bob peck on here talking about the opposite.ow twitter guys have basically ev may be selling hundreds of millions of dollars worth of stock. in twitter and yet they if he cuss on a guy who purchases a few thousands worth of stock this clearly was a much better message. jim nailed it and obviously the reaction from the stock from tesla -- >> what's the message -- if it's got enough for elon, it's good enough for me? >> yes. >> it's not his job to help short-term traders p and l. if his job is the long-term and what's best for shareholders. this is what you're supposed to do. you raise money when your stock is up high and you do buy-backs when your stock is down low. it doesn't work that easily. but that's what's supposed to happen. nd and clearly everyone knows this company is capital needs, number one and number two, the alternative is doing the financing when the stock is dropped i don't see any controversy -- >> this is a guy who has made comments about his stock price, he's been out there before. >> he's not afraid to say --

>> this morning we were talking to bob peck on "squawk on the street." he was cautious about twitter shares. i know some other high profile investors have been loading up here, believing in the company's long term future. but i don't know. it seems like with each passing day that road gets tougher. it gets more uphill. >> well they're just a lot that's yet to be seen. i mean they're working on project lightning, they're working on other various product changes. but these changes haven't really been rolled out yet. and i think that investors are really anxious to see whether these changes can actually help add users. there are little changes over the pachl six months or so which have not helped them if a user perspective. we'll see if the changes are dramatic enough without alienating existing users. >> if it got below $30, which i has done today, the valuations can not be ignored. what you have heard? >> certainly, there is a lot of talk that going sl interested in acquiring twitter. what i've heard is that folks at the company would not like to sell rig

bob peck who is the really well-known and respected analyst at suntrust was on squawk alley and stock already down about 3%. he moved the stock all over the place at different times and said even with a new ceo he has to see a change if fundamentals before he'll get more optimistic. the stock went down another 3% partly to do with his comments. >> there's people that make a great case for twitter if you get the right ceo. i don't know. i don't know how anyone makes it a big money making venture. i don't know how you do it? >> you amass all the people on all the time and so interested in the content going by high engagement and you can't monetize it. i don't know how to solve it obviously but it astounds me the inability to do it. >> their monitization is increasing. they're performing on that metric well but they can't grow their user base. they cannot grow their user base. can you get a giant section of the country that is not interested in twitter. >> or the world. >> to get on to it where as almost everybody feels like -- everybody is on facebook. your grandmother is on gook. your

i saw bob peck, analyst at sun trust, said people were being too knit picky at the markets.excuse to sell. people question the moat around the brand. are they going to have a suite full of even more products. >> does the apple watch eventually hurt their business. >> the same way they talk about gopro. right? the bears come out they talk about that. more on that straight ahead too. sorry. >> no problem. shares of keurig green mountain, single cup coffee maker plunging 30% on weak revenues and the company is cutting 5% of its work force. year to date, shares have fallen now, more than 60%. >> see, it's not single cup. i make a whole pot. >> you can do that on a keurig? really? >> little bigger thing you put in. >> i like the little brew. >> takes too long in the morning. countdown is on for tonight's gop debate. the head of the fix the debt campaign and a cleveland-based ceo are calling on the candidates to address the nation's debt and share their plans on what they will do to fix it. joining us now with more is mia mcginness, president of the committee for responsible feder