.till with us is david sowerby thanks for sticking around. earnings season are high on sales and revenue. sowerby: 20% seems to be the number year on year. , toplineraight quarter growth probably 6% maybe a touch better. it should be the crescendo of earnings in this business cycle. alix: peak earnings? sowerby: peak profit margins that profit margins that stay high. that is the saving grace in this trade turmoil. not just profit margins but free cash flow margins are still quite healthy. companies are generating sufficient free cash flow this market still has some legs left in it despite near-term pain. alix: if you come inside the bloomberg, earnings growth in the second quarter you are learning -- looking for potential growth after 15%. it does look to be a kind of topping out. where and how do you find companies that can sustain their margins still have growth and also represent good value? sowerby: good luck. awareactive investor be of for fully a managers who come in five you and say it's a great time to be an active investor. we do. we