NVIDIA Corporation (NVDA)

It has been a home run stock, quadrupling in a short amount of time. When semiconductor companies aren’t darlings, we just pay 10 times earnings for them. Take profits and wait to see what the future looks like.

This has had a great run. This is a chip company that sells extensively to mobile applications as well as others. A really good example of a semiconductor company.

(Market Call Minute.) These guys are kicking it, and he is kicking himself for not buying it at $50, but he is not going to buy at $102.

It is a wonderful company, but sometimes that does not make a company a great investment. It is in a great area and will have a wonderful future. Typically the fourth quarter is wonderful in tech stocks. The sell side then wants to sit back and watch it for a period of time.

Was looking at names that were doing extremely well on all kinds of different metrics. This recently had a pullback from $119 down to $100. What they are doing in the graphical space, and with their processing chips, is completely different than what Intel did in the 1990s. This company invented the GPU. Dividend yield of 0.5%. (Analysts’ price target is $120.)

We are seeing a bit of a double top. The relative strength is getting weak. It is a classical exhaustion pattern. It is a nice trend here so if the market resumes then it should participate. Look for it to test the $90 range in a correction.

(Market Call Minute) It is overpriced now and he would not go near it.

This was a Top Pick about a year ago, and has been one of his best performing positions over the last year. He really likes semiconductors as a group and technology as a whole, because that is secular growth, i.e., there is change taking place that will go on for a long time. This company is in the absolute forefront of what is happening with things like self driving and Artificial Intelligence (AI). An expensive stock, but in technology, if it is good it should be expensive.

He likes the group. Volumes are riding higher. It would be an aggressive Buy at these levels, but he would continue to hold this, as long as volumes stay strong and it doesn’t really fade too quickly.

This has been rumoured to be a takeover target along with a number of other firms, which hasn’t happened, and the stock has done reasonably well. He likes what this company does. They don’t have many competitors. They make the technology that makes possible what you see visually from the computer. Thinks it is a good stock to own.

Chip graphics. Has owned this in her aggressive portfolios for a long time, and has been regularly taking profits on it. A chip maker in the graphic area, more and more applications. Elon Musk announced that it was going to be central in Tesla (TSLA-Q) going forward, which adds even more excitement. Doesn’t know if you should be buying large positions today. Watch it trade for a while and make sure you really know what is going on before buying a new position. When the smoke clears, it is basically a semiconductor company, and what we pay for a semiconductor company depends on what the product cycles are.

A design platform/video platform, and you could do pretty well here. The stock seems to be trading pretty richly. She doesn’t follow this is much as others, but it is a growing area, especially in the supercomputer design arena.

It has had a parabolic move since the beginning of the year. These moves often result in a move into a consolidation pattern. It is probably over due. It could be sideways pretty soon.

This is in all the right areas. They are in self driving cars, they have the chips for cloud computing, they have the chips for virtual reality and gaming. They have done everything right. He would be definitely interested if there was a material pullback on the stock.

(Market Call Minute.) You would have to have a lot of faith in autos, virtual reality and data centres, because it is at a pretty nosebleed multiple, and trading at 52 week highs. If you believe in all of those things, then this would be a Buy.