Stephen Weiss, Founder, Short Hills Capital Partners

He sold this before. This is expensive and is overvalued.

He just re-bought it. Shares are rallying today because analysts raised earnings expectations. He continues to expect at the end of this year and into next increasing orders for their EUV, a large $250 device that can cram as many advanced features on a chip as possible. Also, the valuation of ASML has fallen to an attractive though not cheap level at 25x PE, no longer 40x.

They report tomorrow. Earnings are often predictable, though you don't know what he trading and investment activity will be for GS. He expects earnings to be robust and the messaging positive. For GS he also wants to hear about their foray into retail, though this is absorbed in the stock price. BAC's retail operation has been successful, and he wants to hear about credit delinquencies given that consumer debt is at all-time highs. He expects more of the same from these two banks.

They report tomorrow. Earnings are often predictable, though you don't know what he trading and investment activity will be for GS. He expects earnings to be robust and the messaging positive. For GS he also wants to hear about their foray into retail, though this is absorbed in the stock price. BAC's retail operation has been successful, and he wants to hear about credit delinquencies given that consumer debt is at all-time highs. He expects more of the same from these two banks.

His largest holding. It will take years before anything comes out of this anti-trust suit, so he's not worried. The feds won't force the company to break up. He's comfortable holding it. They own internet search and have a solid balance sheet. A great performer over time with predictable earnings growth. There are high barriers to compete in search. He's used Perplexity and finds it okay, but their market share in search is small.

Google is growing 15% quarter-to-quarter vs. Apple not growing, and a 20x PE vs. 30X. Apple is overpriced.

He added to this recently and a few times. Are expanding North American facilities. They make cooling racks for data centres are expanding to meet insatiable demand. 

The CEO has done a great job. But in the car industry, inventories are rising in the lots and the consumer has issues, even if rates are declining. Things won't be as rosy for the car industry.

It's moved up, but he still sees upside due to their predictable earnings.

Making an intra-day high today, but remains off its 10-year multiple. It continues to be a great hold, a proven winner. If you believe in AI, you want Meta to spend on capex.

A large holding for him. TSI is cheap among the semis and there could be a deal with they building a semis plant in the Middle East, in partnership with Samsung. Nvidia always needs chips from TSM, another plus.

Their business has a highly cyclical component. Sure, it has AI exposure, but the PE is higher than NVDA's and lacks the latter's growth and technology.

They sold it and take profits, because they had accounting issues and could not file. When the fraud investigation was announced, shares were in the $80s and he expected it to bounce back. Instead, shares have fallen to $61. Sees no upside.

He trimmed it this morning, but remains a large holding. He needed to pare it back. Doesn't care that a hedge fund is shorting it. Shares are a little ahead of themselves.

They just change the CEO. Shares are down 20% this year. He'd like to enter this, but it's the first time her can recall when it's facing sustainable competition and opens up the door to more. Their brand need to refresh. The cost of attaching star athletes has gotten very expensive. The company needs to innovate.