Celestica Inc (CLS.TO)

This decline is temporary, though could last longer if the US Fed announces it will hold rates now and in September (he believes they won't). CLS is a core position, so he will keep adding to it.

With this type of stock, he asks himself whether it's just not better to own NVDA? CLS is benefiting today from data centre buildout and relationship with GOOG (an open secret). Those dynamics don't make them the best position in the value chain relative to NVDA and other players.

It's the end of the bullwhip effect. NVDA is the real, bleeding-edge innovator in the ecosystem. Sell CLS, and roll the gains into NVDA.

Come off quite a bit today to just under $74. Price target 12 months out is $79. Tremendous respect of clients. Buy a third here at $74, another at $71-72, and the final third under $70.

The chart is going straight up. They're moving from contract producers of electronics for others to consulting and apps. Earnings forecast is rising. The question is how long this will go. The last time the chart did this was in 2000. If it returns to its 2000 level, shares could double. He wouldn't sell now.

It has done very well and analysts are still trying to catch up with the stock price. Micron was also mentioned as a good AI player. Data storage has to go up 100 fold.

When everything's going up together, makes it harder to differentiate on a technical basis. He compares stocks head to head using charts to see which are outperforming.

Right now, NVDA has been the highest ranked stock in US reports, and that's the one he holds. In Canada, CLS has been the highest-ranked stock, and his portfolios hold that as well. MU has been trailing a bit, but might catch up, hard to say.

CLS is nearing a 7% position in our growth model portfolio, and with other names also running higher in the model portfolio, its position size can shrink. We continue to like its momentum and our strategy has been to let it run so far. Forward growth is still expected to be high due to demand from the hyperscalers, and we see this demand lasting for another 12-18 months or so, at least. Position sizing is personal, but for now we have let it run its course in the model portfolio. 
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Nice run. An AI play on data centres. Very aligned on spending of hyper-scalers like AMZN, MSFT and GOOG. Margins quite low, around 5%. But getting volume on very strong demand. Momentum stock. 

Future growth and success predicated on capex spending beyond 2024, which hasn't been announced. Be cautious. Once growth rate starts to turn, stock will pull back.

A good one, he's looking at it. In the AI arena you want to "own the network", not the people who make the bits and pieces. As a contract manufacturer, 16x is high. Demand looks to be strong and persistent, which may reduce its cyclicality.

A derivative play in AI and they are thriving now. Has done well, so you can trim and take profits. But CLS could go higher, but it's getting pricey and eventually the boom will end.

Not time to add, as it's already travelled through its price target. Try to pick it up in thirds around $70, $67 and, if you're really lucky, $63.50.

Went nowhere for a decade, and then went to the moon. Products go in AI data centres. Strong pipeline for next 2-3 years. Whether to buy depends on how long you think this type of spending will continue, could be upside if it continues. PE is only 12-13x. He owns AVGO.

3-5 future looks bright. Holds company is value momentum fund. Canadian tech sector under valued. Expecting further growth in business. "Picks and shovels" style business that supports tech sector. Current share price fairly valued as earnings expected to rise. 

Bullish trend good for momentum investors. Valuation is not too high (relative to tech), and has quality earnings. Fundamentally expects company to continue to perform. As long as trend continues, will be a good investment. 

Semi-conductor business continues to out perform. Trend up and to the right - very good for investors. Would recommend buying. Excellent stock - good for the long term investor.