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Stock Opinions by Steve Grasso

COMMENT
The U.S. 10-year yield keeps falling Financial will go higher, tech goes lower, if rates keep falling. If rates fall to 1%, then all bets are off -- sell the ENTIRE market.
Unknown
WEAK BUY

JPMorgan just downgraded it 60% of Masco's sales come from plumbing, so how big can DIY demand be? It's only up 6% YTD. He likes it, but sees better upside elsewhere like Whirlpool.

contractors
DON'T BUY

Hit new highs today. Up 20% this year so far. The digital media business grows like gangbusters. But since last September, the stock has sold off by 10-15% rough 6-8 occasions. This is overbought at a 79 RSI. This stock could drop 15-20%. If you're long term, wait for a better entry.

computer software / processing
BUY
Gambling stocks plunged today Gambling stocks like this are due for a bounce as the world reopens and there's more sports betting to come.
0
BUY
JPMorgan just upgraded it January's chart was similar: trapped below its 100-day moving average, and when it broke out, it jumped 25% from the low of that average, up to its next high. Whirlpool is up 23% YTD.
household goods
DON'T BUY
Long term, you can buy/trade this. But the chart now looks like April-May when the stock dropped 5-7%. So wait for a better entry. Otherwise, he can't recommend it now.
Consumer Products
BUY
Has a supply chain and distribution channels (important during all these cyber attacks) and trades at a decent PE.
food processing
COMMENT
Jerome Powell's comments today He talked about supply chain disruptions which are freeing up. Stimulus money will eventually end. He thinks we're in a deflationary spiral. We entered the pandemic in a deflationary environment and now we're flattening out. That's why we're not seeing inflation spikes. Even if rates flatten, he's long many value (diversified chemical) plays. There will be a HUGE reopening band, which could counteract any non-rate spike.
Unknown
BUY

UPS is up 19% YTD, Fedex 13%. UPS' CEO is right--there is plenty of competition now and coming. He doesn't know how this will shake out. Wouldn't buy either, but happy to own WRK, a paper and container company that'll be benefit whatever happens.

INDUSTRIAL PRODUCTS
BUY
Many are worried that rates will rise but he doesn't expect them to in the near-term so XLP.
E.T.F.'s
COMMENT
The current Reddit/meme trade. He agrees What are the fundamentals that matter now to AMC stock? Short interest and social velocity. But price is truth. Whether you believe AMC is a good or bad stock, this Reddit trade is the new fundamental reality we are in.
entertainment services
COMMENT
Breaking news that Pres. Biden has rejected the Republicans' latest proposal of the infrastructure bill. Biden can't get it done with just his party's votes; he needs to Repbulicans. This impasse is troubling, because a lot of the current market rally depends on passing this infrastructure bill, so the market can rally even further.
Unknown
COMMENT
Today, the weekly US jobless report disappointed The market lately has really been performing well. The US 10-year yield is trading between 1.55% and 1.74%. If that breaks down, we lose value. If that breaks above, we lose tech. If you're a market index investor, you hope we break down. As long as stay right, it's perfect for all investors.
Unknown
COMMENT
Elon Musk's cyptic Tweet today pressured Bitcoin Musk has talked things like copper and cryptos up or down in price, but there comes a point when the tweets become manipulation.
0
BUY
Crude oil prices hit 2018 highs OIH is 45% YTD. It's a way of hedging your risk, because you're buying a basket of stocks. One stock within OIH can be overvalued, but not the entire OIH.
E.T.F.'s
COMMENT

You have to believe in the movie theatre business. They should raise capital and create content to become like Netflix, because the movie theatre business won't exist.

entertainment services
WEAK BUY
The lack of profits in their track record worries him, but the strong upward movement of the chart tells him to give it the benefit of the doubt.
Consumer Products
WEAK BUY
They're in the sweet spot, not going too high or low. The stock split encourages retail investors. He'd still buy this, though he doesn't like tech as a whole now.
computer software / processing
COMMENT
They're about to report. Caveats: People will be putting pants back on as they return to the office. Also, there's so much competition here now, so it'll be interesting to see what they report.
household goods
BUY
Major ransomware attack on meat plants by Russia is the latest of several against the U.S. This shot up today in reaction to the attack. Go with what works and BYND does.
0
COMMENT
Is the tech rally over? The best days are behind tech. Don't buy growth in a rising-rate environment. But human nature only buys what it knows. So if you know only Salesforce, you'll buy back into it, like rushing back into a burning house to get burned again and again. The Russell, industrials and chemical names will continue to outperform.
Unknown
COMMENT
Pent-up demand and value tech names Apple, Microsoft and Google are value plays within tech and will get hit the least among tech names during this rotation into cyclicals. Nobody has any clue what this pent-up demand will be--how big?--because we've never come out of a pandemic. But he expects it will be bigger than many expects, like people taking vacations they never even considered. Hes already sees stores, sidewalks, highways crowded (legally), so he expects there will be huge demand. Also, cycicals and value have underperformed for the last 15 years. He expects the US economy will blow through the roof, which will trip over itself.
Unknown
SELL

Sell it. He gets why it's popular, because sports is opening back up, but that tailwind has probably lost steam. He prefers traditional casinos like Penn Gaming or MGM compared to online gambling like DraftKings.

Technology
BUY
This has retraced 50% from its pre-Covid high to its pandemic low to now at $267. Targeting $309, there's some upside. Trade it.
Transportation
BUY
WPF is due for a huge bounce and underperformance should end. He's sticking with this SPAC.
Financial Services
BUY
Areas that haven't priced in all these US consumer savings and the expected spending boom. Yes, some travel names like airlines are already pricing in this boom, but how many people have never taken a vacation before and will now? People will focus on what they couldn't do after months of sitting at home. Probably Disney theme parks will rally huge. You can still be a buyer of airlines and hotels.
entertainment services
BUY
He still likes it. DHI is a spec builder--they'll have a lot more supply despite concerns over lumber prices, rising wages and especially higher interest rates. Every housing recovery happens when rates rise. Play the names that already have the housing supply on the market. Stick with this.
contractors
DON'T BUY
Chinese stocks vs. QQQ stocks (U.S. tech) He prefers China-related. There's been such negative rhetoric with anything China-based, especially Chinese stocks, like delisting. But this has died down. The rotation will still hit the stocks in QQQ, so he'd rather buy Chinese stocks.
E.T.F.'s
WAIT
Has a superb IPO today It's high growth and high valuation. He considered buying it today, but wants to see it settle. Wait a bit.
Technology
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