Stephen Weiss, Founder, Short Hills Capital Partners

Shares are washed out from this correction.

Near term, this can't trade at prior multiples given volatility. Anything healthcare is uncertain. He still believes in the $600 price target. Great management. They have growth.

Shares will bounce and news will be good this week.

Sold it. It never became a full position. He bought it because of its last quarter and on deregulation. But oil companies won't drill that much, because it lower the price of oil. 

He sold some shares a few weeks ago. Good news is that robo-taxis won't happen for a while. Bad news is that robo will cost somebody more, and he can't figure out the economics, but will slow down growth.

He trimmed, despite Trump announcing establishing a reserve crypto. Reserve currencies are stable, so his idea is ludicrous. Cryptos are a risk asset, volatile. Trump has a crypto business, so this is pure corruption.

We don't know how much they source from China, so we don't know the impact of tariffs. They can pass on prices to customers. Growth is above the market, but sustainable.

He sold. Apple for example, is starting to make its own chip. Also, reports say China is buying the NVDA chip through other countries. Thirdly, Taiwan Semi could pick up the slack in NVDA. People owned NVDA for momentum and are now selling it for taxes.

Seems to have stabilized and is on the way back up.

After holding it a long time, he sold it. They had a weak quarter with slowing growth a lot. The CEO is retiring. GXO is an acquisition candidate, but isn't sure if growth will resume.

The S&P is hitting a new high today, but it's on low volumes on a vacation week. Point is, money is not coming in off the sidelines and won't sell either. Rather it will wait and see. Meanwhile, we will see atrophy. This isn't about left or right politics. He needs to see a clear path forward--stability--so he knows where the economy is going. He's spoken to private equity, CEOs and bankers and they're all flummoxed--where is this economy going?

He trimmed 20%. Bitcoin's momentum reversed after peaking at $105,000 at Trump's election, but is now going down. Expectations have changed from a golden age in the markets and business when Trump was elected, but none of those expectations has proven true. For example, we keep saying that 25% tariffs are a negotiating tool, but will we come out of it with 10%? We used to look at Putin as a dictator and now it's Ukraine's Zelensky. The point is, there's great instability. Sure, government agencies are bloated, but CEOs would feel better if there was a communicated strategy about why and how Trump will make these cuts. All this adds up to instability--and CEOs don't like instability, so they don't want to make investments. Overall, he's not a seller, but a trimmer, but he's not investing not capital either. Regulations won't change; Vance has doubled-down by saying big-cap tech is too big.

He bought it back today on a dip. The quarter was excellent, growing 13-15% in various metrics. Everything is in place for growth. Quarters and reactions to them are fickle.

There's momentum here which will drive shares higher. That are executing, though it was smoother last year.  Nobody talks about the costs of operating self-driving cars, like insurance, though.

Is surprised with its weakness. Nobody talks about the costs of operating self-driving cars, like insurance, and the costs could be disastrous for Lyft.