Stephen Weiss, Founder, Short Hills Capital Partners

He bought a small position before earnings. The stock made a great move when it did. He likes monopolies, and Uber has put a lot of cabs out of business and is taking market share from Lyft. There's more labour to drive their cars. Good CEO.

Healthcare remains recession-resistant (not recession-proof) this year. They have pricing power. LLY didn't have a great quarter, but they raised guidance.

A great stock that whose Alzheimer drug will do well. (See also Eli Lilly.) Shares bounced along, but now picked up momentum.

The Saudis need $75-80 per barrel just to meet their social obligations (government programs) to avoid social unrest. Oil prices will recover.

If you take out Amazon, S&P earnings were flat this quarter. Sure, 80% of companies beat, but they cut earnings the past 5 quarters--companies manage expectations. He remains bearish. The market might rise with a new generation of investors/buyers who have fresh eyes on the market. The economy is weakening with the impact of the Fed still to come. 

He missed some tech stocks like MSFT and Meta--both can keep going with efficiencies, good balance sheets, cash flow and safety.

He missed some tech stocks like MSFT and Meta--both can keep going with efficiencies, good balance sheets, cash flow and safety.

They keep losing money as there's no path to profitability. It's a bad signal that they want to get rid of their founders.

There's potentially 10% downside in any stock including this. Megatech is up this year because people believe in their balance sheets and seen as safe. They're also more efficient now. There was also FOMO at play.

He used to own it for its value. Then it spin out two companies. Doesn't own it now because of the freight environment.

They enjoy locked-in contracts with inflation kickers with a blue chip clientele. The e-commerce market is only 6% outsourced, so there's huge upside.

He bought more yesterday. They're a perennial compounder. They will overcome the MLR (medical loss ratio), a concern. Management is almost flawless in reporting quarters and guiding. They will continue to grow.

He just bought it. Profitable healthcare is a good place to be this year; it's very defensive

Shares are cheap here and executing better than Dick's Sporting Goods. Sporting goods hold up better in a recession than broad retail. Excellent managers.

Inflation cooled (today's CPI number) but the core number remains high. He guess the Fed will raise another 25 basis points. More important is what's the Fed's damage to the economy to this point? How will the market react? Expand valuations which is undeserved now.