>> you mean erin gibbs? melissa: sorry, go ahead. >> i think there is actually a lot of room to rise. we're looking at them beating estimates both top and midline. this company is just hitting on all marks. we're seeing higher ad revenue growth. we're seeing mid-teens revenue growth. high to mid-teens revenue growth. even with the valuation. they do have, considering they're looking to earnings, grow their earnings at about 48% this year, 45%, these are unheard of numbers for a company this large. so i think there is a lot of room and they're becoming more competitive in the ad space. melissa: kevin, does this reflect, you know, larger forces in the economy right now? this is a look inside of the consumer? >> i think you're bringing up a great point about a look inside of the consumer. amazon doubling down efforts on gaining e-commerce sales. if you look at broader products they provide on a private label basis. they have over 400 brands providing 23,000 skus that tells you where they want to go and where th

we have erin gibbs and david dietze. in before we came on air you were getting a little anxious, as we breaking out, new highs begat new highs, is it too good to be true? >> i don't want to be the one bearer of bad news, the problem with this china manufacturing number it, came after a week-long holiday of the chinese lunar new year which can artificially make march look high because they were on vacation for a week in february. so that is definitely a concern. there is also some concerns that private companies aren't getting the loans that they need. we're not seeing lower interest rates. there is a lot of questionable numbers. when you start delving into details about china there is lot of concerns whether the economy is really able to grow. i think the fact that the chinese are capitulating so many trade negotiation deals, the u.s. signaled they are also worried. they simply don't have the power to back it up because they're worried about the growth of their economy. connell: charles: is it good for everyone if they cu

s&p portfolio manager erin gibbs, david dietze, point view wealth management.. we have gdp report. consumer sentiment report. consumer spending today. i'm calling it, overused term, but i'm calling it goldilocks again. >> that is an accurate description. low interest rates, good growth. one of the things we saw, also savings rate declined. so people feel confident because they're not so scared that they need to feel like they increase the savings or spending more. that obviously helps a lot of consumer space and so, no, things, the u.s. economy, let's be very clear the u.s. is a goldilocks economy. the rest of the world is a whole another story. charles: david? >> i think you called it exactly right. i mean, usually when you have better than expected growth, we saw it in q1 you see tick up in inflation. you're worried about the fed coming back into play. here inflation is staying below the 2% target. that was repeated today, we saw huge uptick in march with inflation quiet. what i like about that, i think we'll hear about good hourly wages increase on friday. i

want to bring in erin gibbs, s&p global portfolio manager and brian payne, payne capital management.nd rob, they took down the rest of the chiron, i didn't get your title. charles: you're our petroleum expert. administration didn't want to see spike in crude. but we saw a spike and it had momentum even before today. is there enough supply out there to make up iran, venezuela and libya? >> i do i. pretty amazing take iran production to zero not have oil prices spike by 20, 30%. they're going up. they're going up a little bit. the reason for that because the u.s. has done a phenomenal job doubling their supply really over the last decade. now saudi arabia and opec is in the midst of a production decline. we expect them to pick up where iran left off. charles: we're okay. there how would you explain today's spike? a knee-jerk reaction? >> just a trading spike. we think oil prices will remain range-bound. come down a little bit. want prices to stay down and they can stay down because of oil around the world. charles: we already had momentum in oil to be honest with you. >> and energy sto

with me s&p is erin gibbs and payne senior wealth advisor michelle mckinnon. welcome to you both. i will start with you with boeing. this will be a big disappointment. the question is how big, right? >> right. we started to see their earnings estimates, revising down so far most people taken the annual earnings down about 3%. it is, they're talking about 1/5 production. the bigger thing it will eat into their cash while these planes are stored. they're not able to sell. deirdre: some already had to put money, even if they're going to cancel or delay orders, boeing already has been paid at least 20% for some of those planes, right? >> boeing isn't going to get paid. as long as these planes are not going out, it bill definitely eat into their balance sheet. that will be a concern, but so far we haven't seen a huge decline in profit growth. most analysts say they like it at these valuations, certainly you don't know what will come out next. deirdre: yeah. >> with this negative sentiment and negative momentum we -- deirdre: one european airline said we're not picking up the tab for ha

joining me to discuss the impact having on this market s&p portfolio, global portfolio manager erin gibbs view wealth management's david dietze. guys we had this conversation about owning the financials over and over and over again in part because of in january 2018 this is wall street's favorite play. in january of 2019, wall street said you have to own the financials. they continue to disappoint, erin? >> this is one, goldman is one of their main issues was lower trading volume. so people got scared from the carnage of last year, they stayed out of the market and who knows how many quarters it may be before investors really start trading again and adding to that volume. so this could be lengthy and we know we still have the inverted yield curve or a flat yield curve. as long as the fed stays dovish it will be hard to get that income. charles: four rate hikes last year and that still didn't necessarily do -- >> it was all about the yield curve. it just stayed flat. the combination of having no rate hikes. charles: right. >> still not seeing a movement on the 10-year and lower trading vol

which do you bet on in this knockout round mark newton and erin gibbs your "trading nation" team today. stock up 40% but still $200 a share below where it was at the peak last year at the trillion dollar valuation which would you bet on, amazon or the field >> i still like amazon quite a bit, mike. and you mentioned that it's quite a bit off its highs and that's precisely the reason why i like it. you look at stocks like costco, a big run near former highs. all of these have had a really good run since december but amazon is the one that's really more technically appealing and you take a look at its broader chart going back since october the stock has been range bound for the last six months. it's really just started to emerge from the base if anything, it looks like it has room to run over the next three to five months i am projecting a move back up to 2015 that would use pullbacks with a chance to buy that. it's more of a reverse head and shoulders formation for those to study technicals and more appealing in my view than the others. >> i know you've maybe been shopping around other

let's bring in s&p global portfolio manager erin gibbs and our own susan li. f theory since obviously, if we all make more money and wages go up, everybody agrees that's a good thing. is this a concern as we head into earnings season? >> it is a good thing that the consumer has more money but the margins are coming down when it comes to corporate profits. so this first quarter we are looking at higher revenue growth than profit growth. which just means that if people stop spending more, say they start saving more, or they don't buy as much, that makes the markets a little more -- connell: is that the problem with companies not long ago? >> last year it was the exact opposite. exact opposite. so it does make it a little concerning we are already seeing lack of inflation, the fed kind of holding back. we see a global slowdown. so we really want both. we want -- connell: of course, in a perfect world. >> you know, obviously the markets are playing off the fact that we are in a slowing growth environment even here in the u.s. i think the services numbers this morni

." >>> now we're joined by aaron gibbs, portfolio manager and alec canterwits, buzzfeed's senior technology reporter erinreport? >> so are, for twitter, look, very positive, obviously but for me, i would have liked to see -- i want to see really how they're growing in the u.s. versus international we know that less than one-quarter of their users are u.s. so, even though we've seen an increase in their ad revenues, i want to make sure that we're seeing that higher growth, particularly as we head into the u.s. election. we want to make sure that platform is clean, that they've really got it organized. we saw them increase operating costs to make sure that it's secure i still see it as a turnaround story. i'm not getting in yet i think they have a lot of issues still hanging over. one quarter doesn't convince it for me just yet and i really want to see the makeup between the international and u.s. users in the call. >> so even in the call, if they were to tell you this was led by the u.s., you'd still be skeptical in terms of being ready to buy in just yet >> yeah, just because they're still struggling wit