Dennis Wassung from Cabot Money Management with Stock Picks

And I think.

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Well the stock market has this under oppression in recent recent weeks right now the Dow Jones Industrial Average down seventeen points. Price of oil is up 56 cents a barrel at nine the 26. They're really the thing that seems to be driving stock prices lower is the fact that Europe is in turmoil once again. It looks like you're gonna have defaults on debt. And that makes the stock market nervous so we'll keep an eye on on what the market's doing but. In moments like this we UC stocks selling off it ten pre -- can create buying opportunities for our next guest. Is Dennis you know what song. Who's the chief investment officer and is gonna help us out with some stock picks Dennis are you don't today welcomed the show.

Doing well --

I understand that Salesforce.com. Is when your picks for today.

It is -- how many are still -- but is that the leading vote computing company. In the world and that -- it has crossed the two billion dollar revenue run rates. Level first company to do that the ethnic by computing software space. The stellar company. Growing very strongly and then in the twenty to 30% range on the top line and the stock is pretty much pattern near an all time high right now.

I notice that 52 week low on -- Dennis is seventy -- it's almost doubled in price during the last twelve months how long have you been buying in this.

We've been buying over the last couple of years in August and then most recently just in the last couple of months so I would I would recommend is for people to take. You know an initial position -- small initial position with this one and that take advantage of an opportunity to it has pulled back well that -- he keeps moving higher keep adding to positions.

Now exit the symbol for folks who see our am. And they notice it's up four dollars and nineteen cents a share today a day it will -- up so much today you know.

They did it and it got upgraded today look Feyerick from one of the brokers and Wall Street's but they did report their earnings last Thursday. And that's one of the reasons the stock is up so strong -- the last few days as stellar results. That the everyone's expectations and that one -- that the key thing here is that they've been accelerating their effect is their order growth for the last eight orders that growth rate has celery. Quarter after quarter and that's that's very impressive -- for a penis size. It is continue to grow their market opportunity by rolling out new -- product categories and rapidly growing customer.

that an interest -- story nave got another stock that you like ctrip international. And folks if you're watching no longer typing along with a -- a symbol for this is CT ARP deal on this one to Dennis.

We do go to for clients just to sit for disclosure and they'll -- that are we -- epic artist I don't personally think we have for our clients. And this is the name where. It's the play on the Chinese travel industries that are my troubled companies but they don't -- spider Expedia -- here in the US. The trip is the play in China and leveraging the same type of trend. Although -- you've got very bad spring travel industry growing -- seven and 9%. In China whereas -- is growing twenty to thirty cents. And they're taking. Market share as a result of that and it's been an industry where are my travel is only two to 3% 85%. Of the overall travel industry whereas in the US to. Separatists that 8% now. Beat you you've got a very strong growth subject re on our -- up where space and -- 50%. Market share in.

Any -- he is there any barriers to entry for other competitors to come in and eat their lunch.

There's always and competition emerging in the space been namely -- competition from some of the other large Internet companies. In China specifically that Baidu -- spent during the that the Chinese companies. But also appears like Expedia. Which just -- an ownership stake in the Chinese Obama traveled a as one -- However he -- has very strong granted travel in China and they've got over 181000 hotels. In their network and they've got 10% market share the the air travel industry today. It's very strong brands and that their sizable company in the states.

So somewhat of a.

Are a risky play but something you like right.

Absolutely -- just over the long term you're gonna see China continues to grow very strong rates is that a lot of consumers over there that are. I'm out getting into the middle class parents spend money and them the truth is that the right way to play on track.

Dennis thanks for joining us today at lunch money appreciate your time. Thank you that's -- a song joining us today on lunch.