he argued pepsico should acquire mondelez. that didn't matter. mondelez's board of directors. it is worth noting that the stock has given you a staggering 51% return. that's dramatically outperforming the s&p 500, just 30% during the same period. this is exactly the kind of thing i'm talking about. if you bought it after he announced he made so much money, and he got an enormous amount of influence with the company's management. before he joined the board he had been a critic of the company's subpar margins. since he got involved, though, mondelez has been aggressive about cutting costs, including a major restructuring program announced last year that should produce a billion dollars in savings by 2018. fast forward to next year and mondelez is toward the low but better than the likes of companies i really like, general mills and campbell's soup. you've heard me praise those. on top of that, the company has rationalized the supply chain and they're cutting overhead to the bone. they're modernizing so they'll be able to produce snacks twice as quickly, which should cut their op

mondelez reports wednesday mornrng. we know that the company has beaten wall street's earnings estimates for six straight quarters. all signs point to this being another strong one. i think it's best to be careful in these situations. i'm recommending the stock as a long term investment, not as a i'm doing this before the quarter, which is why i suggest putting on a small position tomorrow, if you don't already own it, then waiting for any post-earnings weakness to do some more buying. here's the bottom line. we know that nelson peltz has a tremendous track record when it comes to creating value, and he remains involved with mondelez to the point where peltz himself is on the board of directors. i own the stock for my trust and i think it's worth buying after stick with cramer. skrch... skrch... what are youoing? the dishes are clean. i just gotta scrape the rest of the food off them. ew. dish issues? cascade platinum powers through this brownie mess better than the competition, the first time. cascade.

plus, strong quarter for mondelez. the ceo irene rosenfeld will join us with a cnbc exclusive. and someone who helped launch the original mack computer. more squawk alley when we return. moves the world forward. invest with those who see the world as unstoppable. who have the curiosity to look beyond the expected and the conviction to be in it for the long term. oppenheimerfunds believes that's the right way to invest... ...in this big, bold, beautiful world. >>> mondelez meeting on both the top and the bottom line. our own sarah eisen joins us now with a special guest. >> i'm happy to welcome ceo much mondelez irene rosenfeld to the set of cnbc. thanks for making time on a busy morning. >> i'm happy to be here. >> talk about what drove better results, especially on profitability. it seems to be the story yet again is aggressive cost cuts. >> another solid quarter for us, as you said, on both the top and bottom line, and a key driver of that was the aggressive focus we've had on cost savings. both in overhead as well as in supply chain, and that together has allowed us to then

then again, think about anheuser-busch and sab miller, or kraft and mondelez.ig, transformative deals do happen, and sometimes they surprise. >> joining us now to talk more about coke and whether it needs to do something big is ally debage, senior analyst at sanford bernstein. welcome. thanks for being with us. >> thanks for having me. >> talk to me about the future of coke. you know, ty's piece just left off with, you know, big deals maybe need to be done. is that the case for coke or no? >> i think there's certain things they can do structurally. i think one of the big things they are doing and they have to do is get out of the distribution system, right? they have to get rid of their bottlers. that's something they're starting to do slowly. we would like them to do a little bit more. but you know, they are a branding company. they should stick to branding. that's one of the major things they should focus on. >> what can get the stock going? is it the kind of stock that an activist might target, like dupont or like a ge? >> look, there are many things the com

apple comes out with a report card after the close along with twitter and then on wednesday we get mondelez and walgreens reporting before the bell. paypal and go pro will report afterward. we got coca-cola as well. interesting since the company announced a dividend and time warner cable will come out with numbers before the bell on thursday and later in the day we'll see if starbucks continues to get the people in liening up to buy the lattes and we'll be hearing from linked in as well. it's a busy day to see if a linked in continues to stem some losses it reported. on friday it's all about energy. chevron, exxon mobil and then we have abbvie as well. we have to catch our breath at some point this week. >> we are, indeed. although not quite yet susan because bp shares are trading higher after third quarter replacement cost profit. it's way of wagering net income came in at $1.8 billion ahead of analyst expectations. the london listed oil giant said it's cutting costs for the third time this year and will sell off more assets as it looks to boost profitability amid the slump in oil prices.

three big names have done well for him this year, herbalife, jcpenney, and mondelez.ncluding today has been crushed, canadian pacific has been hurt as well as air chemicals. t. rowe price -- >> they're key point is that these guys hedge their positions. obviously there could be option strategies we're not seeing to make what appears to be a losing position not as big of a losing position as we think if es he's selling premium or options against the position. >> let's hope. that's a good point and that very well may be true in this particular case as well, but from my speaking with him albeit briefly, there was no wavering at all in the level of belief he continues to have in valeant's business despite those allegations today which have just devastated the stock at one point. >> listen, there's a lot of questions here. they are strong allegations. "the new york times" poking around, the son investigauthern investigative reporting. it could turn around to be garbage but there's more people sniffing around. scott wapner, awesome job. just getting off the phone with ackma

mondelez, one cents above estimates, and the company will continue to aggressively cut costs to dealtile and challenging economic conditions. looks like it's at or reapproaching the new 52-week high. >> they have oreos, right? >> i had birthday cake oreos yesterday. >> brownie batter ones. crazy. i love an oreo. >> yeah, i mean, wow. [ laughter ] apple profits soar, the giant reports earnings, and they continue to pricey iphones, apple sold 48 million last quarter, 22% more than it sol in the same period last year. joinings now is ubs managing director and it manager. the stock is not doing much after earnings. how would you assess, not only the quarter, but the look ahead? >> yeah. i think it was quite good. the quarter was better than the street expected, but there were issues in the quarter. win was china. the slow down in china, affect apple? it did not, up 87%, and the rest of the market was down. they are gaining share. the other issue was december quarter, tough comparison year over year, and tim cook came out and explicitly said iphone units would be up. the third issue is ma