. >> yes kraft heinz, i see as two stories.will be facing we just had a year of price increases. you'll see that continue having an effect on kraft and the competitors. you have to see promotions there. longer-term, they have put themselves in a good position for longer-term growth the leverage ratios have come down they can put more money into their business what i like is they're focusing on things like emerging markets, which is going to be something not just for next year but the next several years and seeing them invest money and focus is going to be a great beneficiary for the long run short-term, i have hesitations long term, i have a hold for that reason. >> courtney, thank you very much always great to see you. >> thanks for having me, as always > ill come, other key stories we're watching "power lunch" will be back in two. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated

consumer staples, names like kraft heinz, hershey, jm smucker are higher today and colgate reboundingtock to an overweight rating and named it one of their top household product picks. today's move after the company posted weaker than expected gross margins for its quarter on friday sending the stock to its worse since march of 2020. watch the consumer staples an outperformer in a down day i'll send things back over to you. >> dominic chu, thank you. >>> a growing number of professionals are making the case for buying international versus u.s. stocks in 2023 our seema moody has more on that hi, seema. >> it's an under owned and under loved asset class, that is what the deputy head of macro for morgan stanley's $14 billion emerging market fund told cnbc with the 10% gain we've already seen in the emerging markets complex this year. it follows comments from jeremy siegel. >> has the worm turned so that finally we might have out performance of global stocks relative to the u.s. that very well could be in the cards for 2023. >> now, if we look at valuations just across the world, europe r

because they went a lot higher names like kraft, yesterday, caused heinz getting hammered.he safe stocks are not so safe because they're so expensive. when corporate earnings come in maybe they just can't hit it. with that said maybe they're getting hilt. speaking of earnings, this is one of the biggest question marks. the big tell is ism composite. the ism composite has come down a lot. let me change the color. yell and and yellow is hard to see. if history repeats itself, it is clear corporate profits have to some down somewhat here but still there is other issues and here's one thing i don't think anyone talked about today. the philadelphia fed manufacturing report came out this morning, i love it. there was one part no one is talking about. you see the blue lines? that is prices these companies had to pay for the raw materials. the orange lines what they received. as you can see all throughout this whole period they were accused of profiteering they were doing anything but, but. finally prices received higher than prices paid. maybe that can help the bottom line? joinin