Meta Platforms, Inc. (META)

One of his favourite FANGs. Very strong. User metrics that were recently released didn't hurt stock performance. Is an amazing advertising platform. ROIC is a stunning 24% and it's still rising, which is incredible.

Thought the earnings today were good. One thing people are concerned about is that the number of users in the US was down quarter over quarter, so they're going through a change up in the news feed. Thinks they have a very large opportunity to monetize the space they have. The social media theme is one that has a long way to run.

(A Top Pick Jan 26/17. Up 40.92%.) When you've got 2 billion active users plus, and a higher and higher percentage of your audience is using mobile apps there is more face time, which is a dream from a producers' standpoint, because advertisers want to pay more for that. But still, the advertising business has not caught up with the social media. There is still a long way to go for companies like this.

Her portfolios don't have much that touches the end consumer, just because of how quickly consumers change their minds. Recent surveys showing usage trends seem to be down on the younger age groups. That is always a concern with companies like this, especially when it is trading at its current valuation multiple. If consumers changed how they viewed this company, that could be disastrous for the share price.

(A Top Pick April 19/17. Up 26%.) One of the stocks you have to own. They are capturing market share and growing rapidly. Growing at about 50% per annum.

Great company. Last quarter they had earnings growth of 24%. They are doing all the right things. From a seasonal perspective, Technology are strong from October until January. We’re in a solid pattern here, no resistance up above, this is positive. It’s seasonally strong and technically hasn’t broken down. This is good to go right now.

Trading at a fairly reasonable valuation. Expensive at 30X forward earnings, but not bad considering that they have 1.6 billion eyeballs, in so many ways to continue to monetize. This is the future. There is more to go.

Which of the FANG stocks do you least prefer? She probably wouldn't sell any. Would look at the valuation levels to see which were the most onerous and possibly trim back on the one that is the most elevated. Facebook (FB-Q) is probably the one most richly valued.

PE is probably in the 40 range. Grew 50% in the last quarter. Even if the growth rate slows to 20%, it would only take a couple of years to eat through that premium and it will have a great run. There are hundreds of billions of dollars of TV advertising left, which will gradually roll into this and Google in one form or another. A great story.

The world’s largest online social network with over 2 billion active monthly users, which is double the 1 billion they had just 5 years ago. Their ecosystem is fantastic with Instagram, Facebook, Messenger and WhatsApp, etc. With the users and the usage time that is happening on Facebook, more so than on any other social network, they’ve got the largest audience, and the most valuable data for advertisers. The ad revenue per user is growing, which means the advertisers are seeing value with what is happening. He’s bought more on the recent pullback. Trading at 24X earnings, which is near its historical lows since the IPO. They’re estimated to grow earnings by 25%. (Analysts’ price target is $213.)

Doesn’t own this, because it always looked expensive, but it is a company that deserved its multiple. It is unbelievable how they keep on driving double digit revenue growth, huge earnings growth and cash flow growth. This is one of those stocks that is priced for perfection.

(A Top Pick Nov 28/16, Up 51%) He buys for new clients with new money. He would open a new position. It is growing faster than people expected and hitting the top end of their guidance. As they increase ad supply, the ad price continues to go up. It is in a very strong position to continue to grow. There is always a fear of a rollover of subscribers but a lot of growth is coming from other countries and there is always Instagram.

He likes it for its ad growth. They are growing revenues at 45% and the bottom line at 38% while trading at 31 times earnings. The exit strategy would be to watch for the growth rate declining. (Analysts’ target: $210.00).

You have to look at the future when buying this company today. It isn’t cheap on earnings, but he doesn’t know any company that has perfect balance sheets like this has. Growing revenues and earnings by 40% per year. They are thinking multitudes in different lines and operations, and he is excited to see what this does. It’s the world’s greatest network. The acquisition of Instagram is now paying off dramatically. This has a place in your portfolio. You may even want to own Google (GOOGL-Q) at the same time.

(A Top Pick April 19/17. Up 26%.) He continues to like this. All lights are green. $200 billion of advertising has moved from TV to Facebook. Only trading at 27X earnings.