Meta Platforms, Inc. (META)

$200 billion of business will move from the TV business to the Internet, and this company’s revenues last year were $27 billion, and they are growing at $10 billion a year. The new messenger is damaging all the other messaging apps. This company knows everything about you and can specifically target market you. A no-brainer. (Analysts’ price target is $164.)

This has been a wonderful company. They are becoming a platform company. Has had some hiccups, but really has been a great company. You are really coming down to a core group of names in technology that are large cap, investable and stable, and this one is pretty much at the top of the pack. Huge active monthly users, engagement is really high. They still have to monetize video. (Analysts’ price target is $164.)

A well run company and generating revenues faster than the S&P500. PE is 21 times. Buying it at the IPO would have been a no-brainer. They are spending a lot on R&D. If they get the growth 5 years out this could be very inexpensive.

(Top Pick Mar 2/17, Up 29%) They have done such a phenomenal job of growing this so actively. They have big free cash flow. They can take that and invest it. They are going to gobble up SNAP-N. They are in all the right spots.

Their advertizing is only 15% of online advertising. It is still early days for them in a growing market. Valuation is actually very reasonable. (Analysts’ target: $163.00).

A large position for him. It continues to defy skeptics. 1.2 Billion users daily. They are clearly the leader in social media. He likes them a lot.

He does not think it is expensive. It is at a discount to companies that can’t grow, like utilities. FB-Q still has growth opportunity. They are well positioned.

This always trades at a pretty expensive multiple based on short-term earnings, and becomes even more when it becomes clear that this is a default place people go when they want to do online advertising. They’ve been pretty smart in deploying capital and making acquisitions. As long as they continue to do that, this will continue to do well.

(A Top Pick Jan 13/16. Up 47%.) Quality management, good metrics and good things to come.

This is firing on all cylinders. There are a billion users on Facebook and are growing on Instagram and WhatsApp. The average revenue per user grew 30% last year. From a valuation point of view, the growth is far and away north of 30%, and the stock is trading at less than 25X, so you are getting more growth than what you are paying for. (Analysts’ price target is $158.)

This has tremendous promise with 1.7 billion active monthly users. If you look at the immense advertising power, it is quite dramatic. Advertising in the digital age is behind the times. We are seeing a lot of money pouring into digital advertising. However, looking at statistics, with about 25%-26% of time spent by us on mobile devices, only 11% of the advertising dollar is aimed at that market. That will catch up, and will be to the benefit of companies like this.

Even though it has 1.7 billion users, they are still growing their user base by double digits. This year revenues are going to grow 37%, and EPS up 28%, and is trading at 25.5X this year’s earnings. Next year, revenues and EPS are going to grow in the mid-20s, and is trading at 20X expected earnings. (Analysts’ price target is $162.)

(A Top Pick Jan 14/16. Up 40.53%.) He doesn’t see where he would need to sell this at any time in the near future. Trading at a valuation of 25X forward earnings, but still growing at a 25% EPS clip. He sees strong growth in the Instagram, video areas boosting revenue. There is future revenue catalyst when you look at WhatsApp Messenger and Virtual Reality.

A really good company. There are 1.8 million active users. Great metrics this past quarter. They are the dominant franchise. They clearly get mobile, which was an overhang. They have a huge amount of things, especially in mobile advertising and video advertising. Reasonable valuation and a great management team. (Analysts’ price target is $162.00.)

Not the kind of stock he likes because they don’t pay a dividend. Had heard someone being very disappointed with their advertising revenue results. He would be cautious on this.