Meta Platforms, Inc. (META)

Digital advertising is one of his favourite themes. There are no competitors that can stack up to this and Google (GOOGL-Q).

An interesting story. In the US these tech companies, in contrast to Canadian ones, don’t go public until so much of the money has been made already. A lot of the younger generation are now not signing up for Facebook. He thinks the company is a bit mature.

Clearly the social leader. They have all these users and are beginning to monetize them. They are splitting 3 for 1. It is a great name. Mobile ads are growing.

This has got a lot of growth momentum behind it. As a value oriented investor, she struggles with its valuation. There are a lot of expectations built into the stock.

Not been around long enough for seasonal analysis. Technically, there is a problem. There is an important peak reached by tech stocks in the second week of July. This one is testing a recent high. If it does not break it we are looking at a pullback.

She is taking profits. It is a big Momentum stock. Facebook is the ‘F of ‘Fangs’. The company continues to have potential, but is a place to take profits right now.

This has done an unbelievable job of monetizing mobile platforms. That was a task that everybody said they had to get it right in order to prove the valuation of the company. They proved that they could, and he has a lot of respect for them. He doesn’t think their tax difficulties are going to be too big of an obstacle.

Thinks this is going to be the largest company in the world eventually, and passes Google and Apple. Firing on all cylinders. They are monetizing things. Growing at about 35% per annum. Trading at about 30X earnings, a good valuation. Has a good strong balance sheet. They are doing so many things right and are dropping real money to the bottom line.

New class C non-voting shares? Very similar to what Google did with Alphabet. This doesn’t change his view on the company. It is just a way for management to keep control and to sell down their stake. A great company. Valuation is high, but growth is higher. He is positive on this company.

(Market Call Minute.) You have to close your eyes and hold your nose and not look at the valuation. This is strategic virtual real estate that you are buying.

The growth rate on this company is substantial.

Has been able to create mobile revenues, one quarter after another. Trading somewhat richly, but given their history of being able to execute on their plans, she likes it here.

Free cash flow in 2009 was $122 million, and it is now $6 billion. Chances are the company should continue to do well with what they are getting into now. He would tread very gradually into the stock, such as half a position, and then see what happens after that.

Has liked this from the beginning. Since it has rallied back above $100, it is very difficult to find a spot where it has spent any real time anywhere.

Internet media is one of the key themes. This one looks very, very attractive. They are doing a great job in mobile and on the desktop as well as in video. They are growing users monthly. Payments are going to be bigger, only about 5% now. PNQI-Q includes a basket of these companies, also. You should have exposure to this theme.