Alphabet Inc (GOOG)

Valuations have been dropping to a more reasonable level even though growth is very brisk. Revenues grew 26% last year. It is becoming a mature company. Targeted advertising is still nascent, a boon for advertisers, and the transition from traditional advertising models to digit is far from completed. (Analysts’ price target is $1364.89)

This is the stock they have picked in the large cap tech stock sector. They continue to report very strong numbers. Cloud based business is performing very well. Would wait for a pull back to buy.

Google vs. Alibaba: He owns both. Both have leadership in the West and China, respectively. Under 25% of Google's revenue stream comes from the search engine, then they re-invest it. The search engine is like a piggybank and takes up a huge proportion of overall online advertising revenue. Similarly, Alibaba is dominant in China. They have long runways (as noted in how Google reinvests revenue from searches). As for Trump's tariffs, these are nickels and dimes against the big scheme of themes--unless the tariff war escalates.

(A Top Pick March November 6/17 - Up 9%) People spend hours on YouTube or pages. A great story. Mobile advertising. What is not to like. They have been smart with their acquisitions.

(A Top Pick May 28/18 Up 7%) A powerful company that continues to deliver. An 84% percent annualized return thus far, he says. His analyst is neutral today, but he feels it is still a core holding. Revenue grows at 8% a year, earnings growth of 20% a year trading at a 20 times multiple make this a good investment.

Entry point now? The way to think about it is that it’s like a utility. One of their favourite technology investments. When the name is synonymous with the task, that’s a dominant position. Stock has had a great run, but it’s not expensive at 16-17x PE. They’re innovating, investing in all kinds of businesses, they have YouTube which isn’t fully monetized yet. Market pullback is a good time to look at it, but it’s also a difficult market. A great company. You could start a position now and take a very long-term view. Comfortable it’ll be higher in 5-10 years.

Entry point now? The way to think about it is that it’s like a utility. One of their favourite technology investments. When the name is synonymous with the task, that’s a dominant position. Stock has had a great run, but it’s not expensive at 16-17x PE. They’re innovating, investing in all kinds of businesses, they have YouTube which isn’t fully monetized yet. Market pullback is a good time to look at it, but it’s also a difficult market. A great company. You could start a position now and take a very long-term view. Comfortable it’ll be higher in 5-10 years.

(A Top Pick May 14/18, Up 4%) This is a space that continues to grow. He likes that people are coming to their ecosystem.

This company is a search engine ad company, but they also have investments in the cloud and AI, where they are a leader. They have 33 quarters of over 20% growth – phenomenal. He likes the company, but says it could be subject to a pullback when the technical cycle peaks.

Bought it a couple of years ago. They’d be buyers below $1100. As the leader in search engines, they’re going to garner digital advertising dollars as advertising budgets move from traditional spaces to online. Other divisions have promising businesses, such as the driverless car unit. They’re in a secular growth area. Expecting growth of high teens for the foreseeable future. Managed topline growth of 20% plus despite their size. Brought in more financial discipline, reasonable valuation, lots of cash on balance sheet.

(August 1, 2017, Up 15%) One of his largest holdings. 20% revenue growth. There's a lot of investing in alternative business is the criticism, but it's a solid, core holding.

He would probably wait right now. It has moved up in recent months. The PE is too high. Can they sustain the 20+ revenue rate growth? It has accelerated.

It's an advertising machine. They continue to grow at a 20 clip. It's a core holding. A great value stock. It has a 50% market share in online advertising. (Analysts' price target: $1245.88)

Look at the ad spending dollars, greater than TV. We have another great 5 years ahead of us. This is one of the best spots and so it the PE. People go to Google for answers. (Analysts’ target: $1,246.32).

What's your 5-10 year outlook? It's now an attractive entry point given the current pullback in tech stocks. The company continues to grow though operations like cloud services and the driverless car. It's difficult to have a 5-10 year view for any tech company, but she's confident in this stock for the next year. Always be aware of new innovations in this space.