tepper's fast pitch here because i am long alibaba. do think it is in the trade war last week and it's been volatile and the sum of the parts and financial and there are different levers to pull and i don't think they have the same regulatory pressure. >> b.k., brian kelly >> b.k. brian kelly is not a buyer for many reasons that people at the end of the desk talked about and i don't think i have the trade war tariff and i think this is right in the crosshairs and so not a buyer. >> i've been in and out of alibaba, and i am out of it right now, but i agree with mr. tepper and i am a bare of alibaba and i see how the trade news shakes out. >> two buys and one sell and the desk has voted and it's your turn now and go to cnbc fast money on twitter and we'll reveal the final results later in the show. also ahead, it's been a turbulent year for shares of amic alieranirnes and we'll tell you what has investors rubbing to the stock more "fast money" straight ahead. ♪ there are roadside attractions. and then there's our world-famous on-road att

as western celebrities hoped could tepper be the next door and you can know. we welcome to do business africa want to jones and the to have you with us and with starting in nigeria where last month the president mohamed hadi was sworn in the for a 2nd term in office it was a narrow election election win that took place against a backdrop of economic uncertainty among the biggest challenges he's facing is slowing growth the nigerian economy is projected to grow by just over 2 percent of this year that's well below forecasts for many other african countries obstacles to growth include poor infrastructure frequent power outages and corruption and unsurprisingly those kinds of problems are doing little to spur investment in 2018 nigeria attracted to fall less foreign investment than egypt south africa ghana or ethiopia but it's not all doom and gloom nigeria is africa's big. oil producer currently producing some 1900000 barrels a day so what's holding material back and where does president hari have to act let's bring in. our correspondent in a boat. listen jerry

let's bring in mark tepper we talk about record highs, earnings estimates i want to ask you, trade mattersmatters to a lot of companies no doubt that you own. as a fund manager, if we get great break through from the weekend meeting, is that the all clear to buy more stock? >> absolutely. right now without a trade deal there's no way companies will hit their earnings expectations on the back half of this year. the street still expecting double digit earnings growth in the second half of 2019. quite frankly there's no way that happens if we're engaged in a trade war and there's tariffs in place ceos have no visibility to execute on plans if there's a trade deal, that would certainly help without the trade deal, earnings estimates will come down that's going to exert downward pressure on stocks we want to see some progress on the trade front. however i think trump also wants to make sure he gets both a rate cut and a trade deal so he has to be strategic about it >> that, to me, is the really fascinating story line this market is so beholden to our fed. we hear it every day on cnbc if we get

you need to be in the markets so what stocks in the market should you own joining us now is mark tepperess you heard the interview. you got to love that stat. if you miss just two days of the year, every year for the last 20 years, your gains went from 7% a year to minus 3% that's incredible. >> yeah. i mean, that's a behavioral finance error right there. but it just proves you need to stay invested especially if you believe the market is still in an up trend. right now quite frankly, look at the tech sector. tech and software are beginning to look really good right now. it's always a good idea as an investor to buy on pullbacks when stocks are still in an uptrend and they're oversold that's where tech is right now i mean, less than 20% of tech stocks are trading above their 50-day moving average. whenever those conditions are in place, tech's performance over the next six months is around 12%. so certainly some opportunity right now. you have to stay invested as long as you believe that we are still in an up trend. >> why does salesforce.com look attractive to you? >> salesforce is one

crushed today after disappointing earnings, which is dragging on the whole sector bill baruch and mark tepperbill, looks like a bear market in cereal here is this something you would fight or try to essentially, you know, say no thanks to these consumer staple stocks >>. >> general mills is going through hurdles. i don't think it's indicative of the entire sector. look at this chart going back to 2017 you can see a divergence between gis and the xl peak massively. what i'm looking at, general mills, more health-conscious consumer and healthier more natural options weighing on their sales. not too much of a higher price point. but i still love xlp love this sector the global growth is not really that great right now and i think that favors the defensive sector overall, the chart looks really well too and you can see on the chart, it did break out earlier this year and retested the breakout. so i think you have a great floor at xlp at 55 also the replacement i'm long for 55 until it breaks down below there >> all right and mark, it's a good reminder that the consumer staples sector is not just

happenings in the world and the economy are different, is it really all that different than when tepper made an incredible call of the fed's doing this quantitative easing and what's going to go up, stocks are going to go up, everything's going to go up. that's what happens when the fed does this stuff. fed cuts rates, stocks go up, that's the condition that we've lived in for the last ten years. >> i will take paul at his word. >> these folks here say the playbook doesn't work. >> a lot of times when they cut rates. >> in '01 and '07, they cut rates, 6 months later, stocks were not higher. in all the other conditions, they have been higher. >> what about when they cut rates in '08 >> ultimately, they respond. it's just in '01 and '07 they were slower to respond because there was an economic condition that was perceived >> larry kudlow said you're going to do 3% this growth, has nothing to do with trade deal, no trade deal, the economy is very strong. i actually think the u.s. economy is very strong >> how much credibility is there in that? >> whatever. >> anecdotally, you can talk to a

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