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Stock Opinions by Pete Najarian

BUY

It saw an analyst upgrade today. He believes in Sofi (as does Cathy Wood). This will move as fast as the fast-growth names, more than JPMorgan, for example. Sofi doesn't face any regulator hair unlikes its peers. He targets $25 in 2022.

Technology
BUY
Are we in a megacap tech rally? Google and MSFT don't deliver products in a box, but deliver software or services over the internet, so both stocks will do well (in light of supply chain shortages). In contrast, Apple must deliver hard products, like phones and watches, but are suffering supply bottlenecks. The latter will likely guide cautiously this earnings season which may hurt these stocks. Financials, energy and materials he loves, though he can't see oil sustaining above $100/barrel, which will raise prices for products in the overall economy and that can't last.
Business Services
BUY

The worst is over in Chinese tech stocks, hammered by the Chinese government, especially the education stocks. Alibaba has rebounded with investors making strike calls aggressively. Same goes with DIDI. These are big, institutional trades, waiting for Beijing to stop hammering these names. If this has indeed stopped, there could be huge upside. He's been buying this dip.

0
BUY

The worst is over in Chinese tech stocks, hammered by the Chinese government, especially the education stocks. Alibaba has rebounded with investors making strike calls aggressively. Same goes with DIDI. These are big, institutional trades, waiting for Beijing to stop hammering these names. If this has indeed stopped, there could be huge upside.

Technology
BUY

Google and MSFT don't deliver products in a box, but deliver software or services over the internet, so both stocks will do well (in light of supply chain shortages). In contrast, Apple must deliver hard products, like phones and watches, but are suffering supply bottlenecks. The latter will likely guide cautiously this earnings season which may hurt these stocks. Financials, energy and materials he loves, though he can't see oil sustaining above $100/barrel, which will raise prices for products in the overall economy and that can't last.

computer software / processing
COMMENT

Google and MSFT don't deliver products in a box, but deliver software or services over the internet, so both stocks will do well (in light of supply chain shortages). In contrast, Apple must deliver hard products, like phones and watches, but are suffering supply bottlenecks. The latter will likely guide cautiously this earnings season which may hurt these stocks.

electrical / electronic
BUY

A Chinese company that does online and offline transactions in the home sector. His $22.50 calls will expire in November, that he'll hold till then.

REAL ESTATE
BUY

His calls expire in two weeks, Oct. 22, at $36 calls, trading at $33.18.

oil / gas field services
BUY

He bought November 20 calls and will sell upside against it.

food processing
COMMENT
Released earnings after the bell today It's less about the earning but its outrageous lows and highs over the past year. There's still a decent short position on this stock. GME isn't trading off earnings but momentum, typical of these meme stocks.
specialty stores
BUY
The CEO came from Taco Bell to revive this company immediately. The PE is stretched, though, but digital growth has been amazing. They've innovated the menu. They've done everything they've needed to do. He raised menu prices, but also the wages of their employees which creates loyalty and goodwill by customers.
food services
STRONG BUY
An amazing quarter. They are growing in the men's segment, which is just starting and faces a lot of growth. 69% of sales continues to be to women. Buying Mirror, a fitness start-up, was a great deal. The CEO has done an amazing job. They were in a great position going into the pandemic and thrived during it as people wore more casual clothing, and still thrive. Those over age 30 will buy more of their clothes. Their numbers were stellar. The one knock about them is their PE, but why doesn't anyone say that about Nike? There's a lot of upside to come.
household goods
WEAK BUY
He likes it. The growth is there and RH continues to impress. Their transition into digital is working well. Supply chain restraints didn't prevent an unbelievable quarter. However, the valuation is a concern. This could surpass the all-time high of $740. But if had a choice between this and William Sonoma, he'd choose Sonoma.
Consumer Products
SHORT
He traded this last month. Look at the volumes in shares as well as options--huge. There's incredible activity in this and other meme stocks everyday throughout this year. There is serious short interest in this, 18%.
entertainment services
BUY
Exxon Mobil saw a lot of call buying today. He'll jump in tomorrow.
integrated oils
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