NVIDIA Corporation (NVDA)

He loves tech, which has been robust. You are paying a mid-teen, high teen growth, but you are paying at 25-30 times, which is quite rich. Wouldn’t be surprised that over the summer there was some shakeout. Semis fall firmly into the category of momentum right now, so you might be better off giving it a little bit of time. Keep it on your radar.

He likes this company tremendously. It has been a great company. They make graphic chips that are used in many applications. Slowly pick away at this and buy it on dips.

Had recommended this in the past at around $100. Added to his holdings on the pullback at around $92. Something is going on that he thinks the street is finally catching up to. Nobody is ever really excited about buying the stock after it has gone up 100%. In this case, he actually thinks this has another 100% upside. What they are doing on the GPU chips, a lot of analysts are saying it is akin to what was happening with Intel. He is so impressed with the numbers that are coming through. On their last earnings report, the stock rocketed up 20% or so. Use Stops to protect yourself

He likes this space. The stock price on this is lofty. Technically, you are likely to see a bit of consolidation, which would be a positive result. Ultimately you could be fine with this, but he would just give it a little bit of time.

Looking at the chart, we are probably at a point where we are running into a wall. He would be inclined to take some money off the table. Moving forward, he feels the market is going to reward more analog type stories than digital processes or the graphic chips. That is really a call on emerging markets. Desktops, and even laptops, are going to slow down. Analog chips are a better story and that is the place to be.

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.