Meta Platforms, Inc. (META)

He expects Facebook will report a positive surprise. The stock has done very well since the spring. You could take some profits. Advertising is moving from TV to social media. Google just reported surprise earnings, and he expects the same for FB.

He sold it because of March's great uncertainty and the direction that regulators were going into. He's not tempted to get back in. He's happy to hold Apple as his exposure to digital advertising.

Facebook or Apple? Apple's become like a regular stock, not as crazy as it used to be. The sky's the limit with Facebook with so many users. He'd choose Facebook. It's got plenty of upside.

FANG stock so very crowded. Not super cheap. Ad growth better than expected for Q1. He thinks that the street continues to underestimate the potential to monetize their new products. Growing at 25%.

They have 2 billion customers who they sell advertising to. Great earnings growth. When it stumbled to $163, it was a great time to buy. Along with Google, these companies dominate digital advertising. Yield 0%. (Analysts’ price target is $222.69)

It seems the overhang of Cambridge Analytica has passed. But he would far prefer to own GOOGL-Q. FB-Q is the intersection of all of your private life so there is always this data that is out there. He thinks the regulatory overhang for the entire sector is a challenge.

This is a key application software company and is a key holding for him. His 12 month target is $235. He saw the regulatory and privacy issues as a buy opportunity. He will continue to hold his position. The cash flow opportunity is still early with its 2 billion captive clients. He loves this company and would buy on any weakness.

(A Top Pick May 28/17, Up 22%) It has fully recovered from the Cambridge Analytica furor. He still considers it attractive. Revenue growth is protected to go up along with earnings growth. Earnings per share is 6% higher going forward. It is more attractive than 3 months ago.

He advertized for a news letter he puts out on FB-Q. The experience made him even more bullish on the company. (Analysts’ target: $221.79).

(A Top Pick May 26/17 - Up 22%) One of his top holdings. Trading at 24 times forward earnings with a 20-25% growth rate. 2.2 billion active users. Ad revenue per active user is growing. Buyback program of $9 billion.

Short put. The stock has nearly fully recovered from its dip. He likes it. This will continue to be a player in online advertising. Write a September $185 put. He doubts it'll fall to $185, so you get about $10/share. If it doesn't get assigned, you keep that $10 taxed as a capital gain.

There is a fair bit of political hair on this at the moment. He struggles with the business model. Will it be around in 10 years? He has been wrong so far, but the political issues are going to be problematic. He would stay away.

The stock looks great. Weathered the storm. It is getting to 200 dollars quickly.

He's short FB even before the data scandal and he's worried about that short. He shorted, because he was worried about valuations. He thinks the Cambridge scandal will impact FB's growth, not so much by users opting out, but the cost of hiring more employees to police Facebook and privacy. He sees the bullish argument. They have a huge cash hoarde and 2 billion active users. Also, its valuation has sunk to 20x forward earnings. If you're a buyer, wait until the price drops a bit.

He sold in February but not over privacy issues, but because he got stopped at. He thought Zuckerberg did a great job at the Capitol Hill hearings. When they reported last week, they boasted an over 40% earnings growth rate, so the controversy hasn't hurt them. He'd like to get back into Facebook. It's too early to say if Facebook users will abandon the platform.