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Stock Opinions by Guy Adami

COMMENT
Today's rout The selling since last week's Fed announcement makes sense, including today's rout. He sees the next level being 3,750 on the S&P. ETFs selling off is a good sign; the excess is being cleared out, though we haven't capitulated yet.
Unknown
BUY
Financials have been sold off. BAC and JPM are trading at 1.7x tangible book. JPM hasn't seen such levels in 15 years, and BAC has returned to this level since Covid hit. Overall, bank valuations are now making sense.
banks
DON'T BUY
He sold it. He was wrong about this.
Technology
BUY
At $264, it trades at 2XXX 2023's earnings, which we haven't seen in years. Their valuation now is compelling in a long, long time.
computer software / processing
BUY
Prefers Target over Walmart. Target is trading at 14x. Very cheap earnings next year. Shares should be much higher.
clothing
COMMENT
If the Fed gets dovish (would be a mistake), Bitcoin will be parabolic.
Financial Services
BUY
Financials have been sold off. BAC and JPM are trading at 1.7x tangible book. JPM hasn't seen such levels in 15 years, and BAC has returned to this level since Covid hit. Overall, bank valuations are now making sense.
Financial Services
SELL
He sold it. He was very wrong about this.
Technology
BUY
At $264, it trades at 23x 2023's earnings, which we haven't seen in 3-4 years. Their trajectory is fine and their valuation now is the most compelling in a long, long time.
computer software / processing
BUY
Prefers Target over Walmart; trading at 14x. Very cheap earnings next year. Shares should be much higher.
clothing
COMMENT
If the Fed gets dovish (would be a mistake), Bitcoin will go parabolic.
Financial Services
SELL
They just cut their forecast, and shares are plunging 43% after hours. Valuations matter. This didn't make sense then or now. Share are down 90%.
Technology
BUY
Wasn't a great quarter, though a great stock reaction. Then, shares fell to $2,700 earlier this week, an 18-month low. A $10 billion share buyback doesn't move the needle on a company this big. Amazon can trade higher at current levels. Play long. Look for the bounce to the post-earnings level of $3,350.
specialty stores
COMMENT
Today's rally after days of selling Nothing has changed. The theme now is you sell rallies in contrast to pre-Thanksgiving when you bought sell-offs. Inflation is probably much higher than the official rate, so the Fed is 2-3 years behind. The Fed is no longer backstoppping this market.
Unknown
BUY
Shares are jumping after hours after their report It fell far from its all-time high some months ago. But earnings were really good: beat EPS by 50% and guided higher for this fiscal year. At 20x revenue it is expensive, but all these stocks are. This upside move will continue.
Technology
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