meanwhile, prologis and posting a record quarterly earnings report and they boosted their outlook for year, but investors are focused on the fact that the industrial real estate investment trust which is prologis lowered its rent growth forecast and they expect vacancies to increase in the second half of this year shares are down 4% the prologis ceo will be on to talk about the latest quarter and what the company plans to focus on going forward good stuff thank you very much, kristina. we're just getting started stocks are higher across the board. our next guest, though thinks the next leg higher could be in jeopardy schwab's kevin gordon is back. he's been cautious and he'll talk us to now about why it sounds like he still is even in the face of this rally we are live from the new york stock exchange you're watching "closing bell" on cnbc. what do you see on the horizon? uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the worl

this one is interesting, prologis? >> yes.ny. if you're looking for productivity, you're bringing in your truck tied in logistically so they know what's coming in. a lot of the things that would happen paper-based are being uploaded in terms of technology, so you're getting basically e-mails sent. you know how much is coming in, you can get your labor more efficient in terms of these warehouses. and if you're looking at last mile, it's prologis. so if you're amazon, you're utilizing their warehouses -- cheryl: but it's a logistics play, for sure. >> yes. cheryl: by the way, consumer sentiment came out today. 72.6. that was a spike. >> yes. cheryl: the consumer is, they're spending money. they're traveling, using their am-ex, as we just discussed. they're flying delta, we learned that from ed bastian, but that plays into this recession/no recession, and you've told liz no recession. >> that's right. cheryl: this backs up your argument. >> yes. and, listen, we've been hearing for the whole year that we're going to be going into

earnings don't necessarily translate into higher stock prices we had big beat from prologis.t's a reit warehouse. they do funds from operation this is a reit company opened at $130 that was an historic high. they sold right into it. it was a great report overall, but stocks moved up a lot recently there are some limits to how much people are willing to endlessly buy stocks here. transports are doing great fedex here, look at some of these numbers. we have a new cfo, john deet rick that just started with the company from atlas air worldwide. that's maybe moving it up. u.p.s., united parcel's in a big labor dispute. they may have a labor strike going on within a few weeks. that's probably also helping fed he can has had an enormous move to the big side you get that dow effect overall, new highs and that tells people an additional buy signal dow theorists are going to go o the crazy side if we keep pushing things up a little more. guys, back to you. >> thanks, bob. >>> let's dive into the market with our next guest whose fund is up 40%. top holdings including microsoft, nvidia,

they like the brand portfolio, strong balance sheet there there's also prologis, big real estate investmentdustrial problems. buy rated, $250 target price they like the continued growth in macroecommerce, also the need for geographically strategic locations for fulfillment centers. it's buy-rated striker with a $313 price target. they like some of the bigger tailwinds from a renewed focus on surgeries, bigger profit margins because of medical procedures ramping pu ing up switching over to rbc, outperform rating, $53 price target they like the outlook for m&a as well as category leadership in key markets. outperform with a $275 price target they like a lot of the potential catalyst for the stock around things like alzheimer's and blood disorder treatments. a lot of names out there, but i'll send things back over to you guys >> dom chu, watching some of the movers today s&p back to $4450 and the nasdaq has gone positive. "squawk on the street" continues after this (christina) with verizon business unlimited, i get 5g, truly unlimited data, and unlimited hotspot data. so, no matter what, i'm r