ceo klaus kleinfeld will join us in a little bit after the earnings coming out.we expect a lot of volatility. going into earnings season we started off the quarter with about 5% growth. we're now almost to 0%. 2%. >> expectations collapsed. why >> we normally have a reduction of 3% to 4% but a lot of it was the weather. >> how many companies would you think are going use that one word in their earnings report? >> a lot. we've already seen it in warnings. a lot of people have written off, we don't care so much what happens in q1. we'll be looking for guidance. another thing, they have ratcheted down expectations so much we want to see those beats. >> is this the on trick of the ceo reducing guidance so they don't have to jump over such a large speed bump. >> absolutely. when you look at revenue numbers which isn't included as much in guidance, revenue numbers in q1 have gone up to 4.1% but expecting earnings growth of zero. >> the last couple of years it's been opposite. >> this is the first time we've seen revenue expectations higher than earnings. we see corpora

hey, listen, the average auto as we know from klaus kleinfeld last night is 11.5 years old.maintenance. i like your stock. on a budget in the stock department? i have the $50 range all buckled up for you. tomorrow, we pick the best of the best in the $50 to $10 range. stay with cramer. >>> coming up, krispy kreme stock hasn't been nearly as appetizing as its doughnuts, but is it all about to change? find out right ahead. >>> and later, potential energy. promising finds in one of america's newest oil and gas discoveries have caused magnum hunter resources stock to more than double in the past year. is it the high growth way to play the energy revolution? all coming up on "mad money." >>> tomorrow, kick off the trading day with "squawk on the street." live from post 9 at the nyse. >> you called it. >> did you? >> yes, you did. it was like mike wallace calling. calling. [ hypnotist ] you are feeling satisfied without standard leather. you are feeling exhilarated with front-wheel drive. you are feeling powerful with a 4-cylinder engine. [ male announcer ] open your eyes... to th

up 70% since we spoke with klaus kleinfeld in early january.s a company that the market seems to love. a cyclical player whose earnings can explode higher if we get a marked improvement in the economy. they delivered a 9 cent earnings. a 4 cents earnings beat. they boosted the aerospace forecast and that's why the stock was up nicely in after hours. let's check in with claus kle kleinfe kleinfeld, chairman and ceo. welcome back to "mad money." >> good to talk to you, jim. >> it seems like this was the quarter that was the breakout quarter, you realized there are two alcoalcoa. one is actually starting to become a value added company. quite different from when you took over. describe them. >> yes, that's true. i mean, we basically look at the value at businesses. there we have two large chunks. our downstream business and the downstream business again had a record profitable quarter. then we have the midstream business, and we almost tripled the profitability from the last quarter. very much driven by auto sheet. then we have at the same time we

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that's a lot of klaus kleinfeld's work, the ceo. but it's also not a sustainable increase in this a environment. even if it trumps the estimates by a wide amount, i don't think it will, it wouldn't surprise me if we get some first-class profit taking in letters aa. earlier, iaa mentioned that we don't have a lot of data points coming for the high flyers, but alcoa does do much more than just report its earnings per share. it gives you an overview of multiple businesses, including autos, nonresidential construction, aerospace, truck building, and consumer products, also, by the way,, utilities throughout the world. at least turbines. the good news,th this is a tremendous overview that many decisions can be made from. and we're going to dofr that. we'll extrapolate. the bad news, alcoa has nothing to do with the unwinding of the security, software, big data, and biotech names. so it won't bail out the losers when it says l how many good things are h happening. it's part of the real economy. you want a real-world dichotomy between the

alcoa ceo klaus kleinfeld. >>> that's it for today's show. i'm julia chatterley. "worldwide exchange." "squawk box" coming right up. ♪ [ male announcer ] this man has an accomplished research and analytical group at his disposal. ♪ but even more impressive is how he puts it to work for his clients. ♪ morning. morning. thanks for meeting so early. oh, it's not a big deal at all. come on in. [ male announcer ] it's how edward jones makes sense of investing. ♪ >>> good morning. u.s. stocks, looking to make a stand after another sharp sell-off led by tech and b biotech. >>> moscow warns ukraine that any use of force against pro-russian protesters could lead to civil war. >>> and the huskies of uconn are national champions, defeating the kentucky wildcats, 60-54 for their second tight until four years. i think they're fourth overall, not too many teams can say that. it's tuesday, april 8th, 2014. "squawk box" begins right now. ♪ in one shining moment it's all on the line ♪ ♪ one shining moment >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky

. >> klaus kleinfeld speaking there.3% after hours and in frankfurt is up another 2.4%. >>> constellation brands is set to report its fourth quarter earnings. our next guest thinks the maker of corona could surprise to the upside, doesn't think the stock's moumentum has run out just yet. thanks for joining us. the stock is up more than 100% over the last 12 months. you think there's more upside. why? >> yes, i sure do. if you think about the beer business, this company, we believe still has a lot of momentum. in fact, last week we raised our three-year beer buying forecast from 10% to 6%. the consensus is still sitting at 6%. we still think there's a lot more upside here. >> yes. break this down between beer and wine. >> yes, half the business is beer, the brands are corona, corona light, madella and madella light. >> you talked about madello. the growth, will it continue? >> yes, i believe it will. we think the number will be closer to 12% for this particular quarter. when we think out the next couple of years we think

. >> klaus kleinfeld, i wish the stock were down, darn it, the big run makes it more difficult for thel over the map. mr. kleinfeld the stock is up from 7 an change to 12 on tough actions, closing factories that cost too much, getting the lightweighting of trucks and cars. i'm excited about what he's doing. >> how do you separate the capacity they've taken out with real mack kro economic activity some. >> the darn thing is a 5 million tons being added in china in the desert of china. you need water to make aluminum. the chinese are not sensitive to anything. they're in a put to work mode. it's insane! >> so? >> i'm saying the price of aluminum still set by the general -- >> marginal seller in china. any other big macro take aways we might want to get today? >> aerospace has been stalled. 2 million fasteners and screws in every boeing plane. autos. >> aluminum cars. >> we think that's been terrific. watch the truck build. a truck bull market everywhere other than brazil. stay tuned on the turbine business and what they make, they make the skin of the apple ipad, never talks about it. i

. >> all you had to do was listen to klaus kleinfeld on that alcoa call where he's called out trucksof the companies, of the divisions. when you think trucks you should think cummins. >> although india and australia were considered weak and international in general relatively flat compared to what's going on here. >> renaissance in america, caterpillar took back the night. remember the united states had been a big drag. >> right. >> residential -- nonresidential construction, highlighted and energy for cat, you're going to hear energy for cummins. caterpillar is not done going higher. remember david, what they were doing, appro po of april of 2000 people were shorting s&p and going long wild growth. it's the opposite now. >> just like that. changed february 28th. stock moves up to suddenly nobody likes the fact they're spending anymore. >> heavily for china. >> when did that change with amazon also. you're right. >> couple things i want to get to -- >> it can change back to. i don't want to make it sound like -- >> it can change back to. allergan, so many reports involving allergan a