Joe Terranova

Debt-to-equity continues to climb. He rebalanced his portfolio and sold this. Still a good stock that he targets $900 for. It trades like a biotech.

The reaction is normal; shares were overbought. We're seeing de-celeration of exposure to semis after quarters of growing it. He's reduced his exposure in semis overall. Shares are -20% YTD, but they've moved 60% higher the past year.

He just sold it. It's had negative momentum for the last year, namely declining revenue growth. The last 3 years saw 13% revenue growth, but last quarter was only 2% and the last 4 quarter was -70 basis points.

He just sold it. Tesla has negative momentum, on a road to nowhere. He wouldn't short or own it. Last quarter, revenues were -8%, but 47% over the last three years.

He just boosted his exposure to energy, now owning 13 names. If oil continues to trade at $65-85, that's perfect for the oil stocks though, yes, there could be pressure on these names. He just boosted his exposure to financials from 8.8% to 23% over a year. This includes regional banks.

He's been long since March 2023. There's 15-20% upside.

Revenues are up 22% over 3 year, but only 6% in the past year. Shares are down 24% in the past 12 months. It's a maturing stock.

Revenue growth is up 30% in the past 3 years, but 18% in the past year, so growth may be moderating and the pandemic bump could be over. Shares are up 105% over the last 5 years, but down 30% year to date. This may be a maturing company.

Whenever you think that their fundamentals are reaching an inflexion point, this company proves you wrong. True, they have a loyal customer base and resilient earnings. However, price and momentum have dramatically deteriorated. Near-term, their technicals don't look good, though long-term their fundamentals always win out and you can't bet against that. It depends on your outlook, short or long term? If you expect choppy markets, then Apple is defensive.

Elon Musk is in China, and China will allow self-driving cars. Maybe, but probably not Tesla has restored momentum. Unlike Apple, Tesla perhaps is not defensive if you expect choppy markets ahead. Don't short Tesla, but he isn't sure we will return to the 2021 Tesla over the next 6-12 months.

Looks for companies that have pricing power, like semis (i.e. Nvidia), software, insurance and private equity, but avoid commodities including oil which has pulled back and he doesn't see an improving supply/demand balance.

Shares are correcting, though the company is fundamentally strong. The next report in May will be crucial with more pressure than ever to deliver earnings. Algo funds focus only on share price, so when it moves down like today, those algos accelerate selling.

Last week, they had momentum on news of incorporating AI. It looked great. But now shares have fallen below $170 and that's disappointing. It has negative momentum.

It peaked in early March but remains resilient. It benefits from other health companies not announcing news that excites investors. LLY is universally owned.

Is rallying 14% after earnings. There were low expectations coming into that report.