'DON'T GET TOO EMOTIONALLY ATTACHED': The investing warning everyone needs

CHARLES: ALL RIGHT, SO A COUPLE OF MONONTHS AGO THE ROTATION TRE GOT HOT, BUT HI NEXT GUEST TOLD YOU, HEY, LET'S START ROTATING. SHE GOT YOU INTO SOME PRETTY GOOD TONS, PARTICULARLY IN INDUSTRIALS AND HEALTH CARE. SLATESTONE WEALTH CHIEF EQUITY STRATEGIST ERIN GIBBS. SO, ERIN -- [LAUGHTER] I WAS CHECKING OUT YOUR TRACK RECORD AS WE WERE PREPARING FOR THIS SEGMENT. I DON'T SEE YOU AS OFTEN AS I USED TO. I WANT TO GIVE YOU A SHOUT-OUT. THINGS ARE PHENOMENAL. THIS IS JUST FROM FEBRUARY. 37% 34%. AGAIN, YOU TOLD THE AUDIENCE, LET'S START FOCUSING ON N HEALTH CARE. DO YOU RIDE SOMETHING LIKE THIS OUT, OR DO YOU START TO TAKE SOME OFF THE TABLE? >> SO THESE ARE STILL IN THE PORTFOLIO, BUT ACTUALLY BACK IN JUNE WE ACTUALLY REDUCED OUR HEALTH CARE WEIGHT BY ABOUT A THIRD -- CHARLES: REALLY THIS. >> SO I HAVE NO PROBLEM IN TAKING MONEY OFF THE TABLE. A WIN'S A WIN -- CHARLES: RIGHT. >> AND, AGAIN, I REPEAT THIS, BUT WITH THESE SMALLER MID-CAP NAMES, YOU HAVE TO BE MORE WILLING TO TRADE THEM. DON'T GET TOO EMOTIONALLY ATTACH9. WE'LL BE REEVALUATING AT THE END OF EARNINGS SEASON, BUT, LOOK, THEY HAVEN'T BEEN STELLAR IN JULY. CHARLES: I GOT YOU. >> BUT THEY DID REALLY WELL -- CHARLES: IF I MADE 50%, I'D TAKE IT. LET'S TALK ABOUT THE BROADER MARKET. HERE'S THE CHART. THE HEALTH CARE OVERALL, IT MAKES THESE MOVES, PULLS BACK, MAKES THTHESE MOVES -- >> RIGHT. CHARLES: TODAY IT'S UP WITH LILLY LEADING THE WAY. UNITEDHEALTH LILLY UNITED HEALTH, LIHLY, BUT THEN THESE OTHER NAMES WE DON'T KNOW OAF, THEY POP FROM HERE. >> AND WHEN THEY HIT THEIR EARNINGS, WHEN THEY POP, THEY REALLY POP AND JUMP, SO YOU'VE GOT TO BE READY JUST FOR VOLATILITY AND GOOD DAYS AND BAD. CHARLES: WHAT ABOUT THE BROAD MARKET? SPEAKING OF POP, THIS IS A REALLY PHENOMENAL MOVE, PARTICULARLY IF YOU'D ASKED A MONTH IF AGO, A WEEK AGO, LAST MONDAY OR TUESDAY, WHAT DO YOU THINK? COULD WE BE AT AN ALL-TIME HIGH IN A WEEK? VERY FEW PEOPLE WOULD HAVE SAID YEAH. >> EXACTLY. I THINK THIS IS VERY MUCH REPRESENTATIVE OF WHAT WE'RE LOOKING AT FROM THE EARNINGS STORIES. AND FORTUNATELY, FOR ME, NORMALLY WHEN YOU SEE THAT POP, YOU KIND OF GET SCARED. BUT GIVEN WHERE WE ARE WITH THE EARNINGS STORY SO FAR, AND WE'RE LOOKING AT A 47% INCREASE IN EARNINGS FOR THE S&P 500 FOR THIS QUARTER, THAT BACKS UP THAT KIND OF EXPONENTIAL POP. CHARLES: YEAH. WE'RE INSTINCTIVELY ANXIOUS WHEN THINGS ARE GOING WELL IN GENERAL IN LIFE, CERTAINLY IN THE MARKET. AND SOMETIMES IT'S JUSTIFIED. I MEAN, I GUESS THAT'S THE THING, YOU KNOW, FOR ME PARTICULARLY IN THE LAST FEW WEEKS, COUPLE MONTHS, TELLING PEOPLE IT'S OKAY FOR THE MARKET TO BE AT ALL-TIME HIGHS AND GO EVEN HIGHER IF THE MARKET'S JUSTIFIED. >> RIGHT. THE GROWTH, REVENUES ARE AT ALL TIME HIGHS, SO THERE IS FUNDAMENTAL DATA. THIS IS NOT THE 2000 BUBBLE, YOU KNOW? THESE ARE NOT COMPANIES THAT DON'T MAKE MONEY. CHARLES: LET'S TALK ABOUT MAKING MONEY WITH SOME IDEAS NOW. AGAIN, I LOVE WHEN YOU COME WITH THESE STOCKS NO ONE EVER HEARD OF -- [LAUGHTER] AND YOU'RE TELLING ME THIS IS A PICKS AND SHOVELS PLAY FOR THE A.I. TRADE. >> RIGHT. ANTERO RESOURCES, IT'S NATURAL GAS, IT'S MUCH FASTER TO BUILD VERSUS NUCLEAR, SO IT'S ONE OF THOSE GO-TO PLAYS FOR A LOT OF DATA CENTERS. AGAIN, WE'VE HAD A POP. IT'S K KIND OF BEEN HOVERING AROUND OVER THE PAST TWO MONTHS, BUT THIS COMPANY EASILY COULD GO BACK TO ITS MARCH HIGHS. CHARLES: RIGHT. >> SO IT IS A BIT OF A COMMODITY PLAY, BUT THEY'VE ALSO BEEN REALLY GREAT AT CUTTING COSTS, AND THEY'RE LOOKING AT, LIKE, IMPROVING MARGINS. SO JUST A LOT OF GREAT T THINGS ABOUT THIS COMPANY -- CHARLES: I LOVE, ONE THING I LOVE ABOUT YOU IS YOU DRILL DOWN RIGHT? YOU REALLY DRILL, DRILL, DRILL, DRILL, AND THAT THAT GIVES US CONFIDENCE. ZETA GLOBAL, I DO HAVE SOME SUBSCRIBERS IN THE STOCK. WE TALK A LOLOT ABOUT CASH FLOW, YOU TALK ABOUT CASH FLOW MARGINS. >> LAST NIGHT THEY REPORTED. THEY WERE GAP PROFITABLE. THEY MADE THREE CENTS, SO, YEAH, THE REPORT CAME OUT. WHEN I SENT MY NOTES, I KNEW, I WAS CROSSING MY FINGERS OVER LAST NIGHT'S REPORT, AND THEY CAME THROUGH. CHARLES: THE STOCK IS REFLECTING IT. A BEAUTIFUL SPIKE. IT'D BEEN GOING SIDEWAYS FOR A LONG TIME. COULD WE SEE RETESTS LIKE THE 35, 36 NUMBER? >> I ABSOLUTELY THINK SO. SO, ONE, THEY JUST ANNOUNCED A JONES VENTURE WITH PALANTIR -- JOINT VENTURE, NOT A BAD COMPANY TO BE ALIGNEDDED WITH. AND LAST NIGHT THEY BEAT ON EBITDA, FREE CASH FLOW, REVENUE, SO I THINK THIS COMPANY IS ANOTHER ONE WE'RE DOING TO TO CONTINUE. CHARLES: BEFORE I LET YOU GO, YOU GAVE US FIVE BELOW BEFORE BUT YOU STILL LIKE IT. THE UPGRADES, THE EARNINGS ESTIMATES, THE COMPANY'S EXPANDING. IS IT ONE OF THESE NAMES TOO THAT'S SORT OF IN THE ECONOMIC SWEET SPOT CONSIDERING, YOU KNOW, THE RETAIL OF THE CONSUMER? >> RIGHT. AND SO THIS IS TO ADDRESS, AGAIN, YOU KNOW, THE K-SHAPED ECONOMY, HOW THE CONSUMERS AT THE BOTTOM END, THEY'RE FEELING THE PINCH. OBVIOUSLY, INFLATION HURTS THEM. AND SO FIVE BELOW IS ONE OF THE WINNERS. AND SO, AGAIN, THEY JUST OPENED THEIR 2000 STORE. THEY HAVE EIGHT MORE PLANNED, SO IF YOU DON'T HAVE ONE NEAR YOU, IT'S COMING TO A MALL NEAR YOU -- CHARLES: MY GRANDDAUGHTER USED TO DRAG ME THERE. IT'S JUST A CHAOTIC STORE. SHE'S A TEENAGER NOW, SO SHE LIKES THESE GOTHIC KIND OF STORES. I WANT TO GO BACK TO FIVE BELOW -- [LAUGHTER] THESE OTHER STORES SCARE ME. IT'S DARK IN THERE, EVERYONE'S WEARING DARK CLOTHES, BUT YOU THINK IT COULD RETEST THE HIGH. >> ABSOLUTELY. AND IS WE'RE, AGAIN, IMPROVING MARGINS, IMPROVING PROFITABILITY AND JUST, LIKE, A GENUINE GROWTH STORY WITHIN THIS ECONOMY. CH