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Stock Opinions by Karen Finerman

COMMENT
She's always net long, including many FAANGs, so the market now is painful. But the pendulum swing is accelerating. Netflix's PE has fallen to 15x. That is amazing, though there is room to fall further. The IGV has more room to decline, too. She's rather be long the FAANGs and short IGV. She would love to buy Lulu, down $150, though still not cheap because its PE is around 30x and she wants to see 20-25x. She's not selling. She wants to see the VIX shoot up, though it was high today. We could see a turnaround tomorrow.
Unknown
BUY
Banks have been hit lately, but don't forget that interest rates will go up and this will widen their spreads. The consumer is in good shape. Credit xxxx. Banks offer cheap valuations. JOPM is on her list while BAC is her biggest position among banks.
banks
DON'T BUY
It's fallen to where it was pre-Covid. It should be lower than these levels, not at fair value.
Technology
BUY on WEAKNESS
She would love to buy Lulu, down $150, though still not cheap because its PE is around 30x and she wants to see 20-25x.
household goods
BUY
banks Banks have been hit lately, but don't forget that interest rates will go up and this will widen their spreads and feed their revenues. The consumer is in good shape. Credit quality is in excellent shape. Banks now offer cheap valuations. JPM is on her list while BAC is her biggest position among the banks. MS is big in asset/wealth management, though offers less lending. BAC is also attractive.
banks
HOLD
She's shorting this. IGV has fallen to where it was pre-Covid. It should be lower than these levels, and IGV is not yet at fair value.
Technology
COMMENT
They vote to keep or replaced much of the board with activists to decided on the company's destiny. Will they maximize shareholder value or sell the company? They should delay the vote until they decide on their path.
department stores
BUY
They have a $15 billion share buyback. A value name.
clothing
COMMENT
Amazon announced a 20-1 stock split. It's just funny math. This move will attract retail buyers, but this won't move the stock that much. Usually, a company splits a stock when things are going well, but Amazon isn't doing particularly well (compared to its FAANG peers).
specialty stores
COMMENT
Today's rally after days of selling Today's bounce wasn't a surprise. It was a blip. It seemed that like sellers were exhausted. But she would not sell on strength, but would stay long, stay invested in quality names with long-term value and strong balance sheets.
Unknown
COMMENT
Washington warned Beijing it could face devastating sanction if China defies the ban on doing business with Russia. What will happen to stocks? It's scary, a tremendous game of chicken. China has been the growth engine for companies like Apple, SBUX, McDonald's and Nike. What if China becomes a negative, not a place for growth? She likes Google, Meta and Twitter for having no exposure to China.
Unknown
BUY
Down 14% this year and shareholders are unhappy that the CEO isn't taking a public stance against Florida's anti-gay legislation Their reopening has already started and she expects to be really good. The CEO is doing a great job.She's been waiting; it's now near her buying price. This is good for the long term.
entertainment services
WATCH
She's surprised that TJX's numbers (and retail) are up. After all, you have to go to their stores to spend; they don't have much e-retailing. She's looking at this as well as luxury clothing retailing. Louis Vuitton is down 25% since the start of February probably because people feel less wealthy than they were. She suspects this feeling extends to the lowest-end customer, too. Retail stocks should be cheap, but those with good balance sheets will be fine.
clothing stores
HOLD
The Beta is not much higher than 1. So goes the market, so goes Apple. Down is more likely than up for Apple, but she's long and holding.
electrical / electronic
BUY
Today's session (a knee jerk bounce after Biden announced oil sanctions against Russia) signalled to her that if we get even a whiff of good news, that we'll see a giant rally. We're hungry for any kind of good news (out of Russia/Ukraine). She bought some SPY calls at the day's end.... If peace were announced tomorrow, she could see crude oil sliding by at least $25/barrel.
E.T.F.'s
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