Stock Opinions by Stephen Weiss, Founder, Short Hills Capital Partners

PARTIAL SELL
NVIDIA Corporation
market outlook

It remains the only game in town, but the downside lately reflects the wider market. People are pausing until they hear from the Fed on March 20. There are always buyers who get in at the top, but are also the first to exit. That's what we're seeing here, in MSFT and Meta. After huge gains, take some profits. It's a good consolidation period influenced by this week's hot inflation numbers. Valuations are inflation, so don't put more money in the market now.

computer software / processing
BUY ON WEAKNESS
Adobe Systems

Happy that shares are falling today (14%) and wants it to fall another 10% before he buys it back at levels where he previously sold.

computer software / processing
BUY
Goldman Sachs

It's a microcosm of corporate America: you fall down but what matters is how to rise up. The CEO has confronted his mistakes and divorced unprofitable businesses. When rates decline later this year, capital markets and M&A deals will open up and GS will benefit; they are well-positioned.

investment companies / funds
DON'T BUY
Boeing
Credit was downgraded today

They need to change management to restore investor confidence.

Transportation
COMMENT

He thinks about it whenever he passes their stores which are always crowded. Will continue to grow, but the high PE stops him from buying it, despite its high margins.

household goods
BUY

A way to play the improving commodities space, with lower risk.

food processing
PARTIAL SELL

He recently took some profits after shares popped 50% since Q4 which is an unusual move; this became too big a position.

electrical / electronic
COMMENT
NVIDIA Corporation

A lot of people want to get into this but aren't yet. He doesn't know what the floor of this is. He owns little of it, buying it on a dip last year. Owns more of Taiwan Semi who supplies NVDA.

computer software / processing
HOLD
ASML Holding

The future is bright for this, but not cheap now. Trades at 46x forward PE. They're sold out of product this year, maybe 2025 too.

electrical / electronic
BUY ON WEAKNESS
Alphabet Inc

He added shares, because this is facing maximum negativity, but ad revenues will pick up because it's an election year. They're one of the two winners in AI now (as well as MSFT) and selling a a discount to the market.

Technology
BUY

His only speculative holding. Fidelity, Blackrock and other funds companies are rushing to market their crypto instruments, so he's still buying. Would not sell if it slid 15%, but would hold.

Cryptocurrencies
SELL

Sold it because he doesn't want the commodity exposure and is afraid about the economy and uncertain about China. Wasn't a big position either.

non-base metal mining
BUY

He added more because the company is coming close to a resolution and their internal investigation won't change their earnings guidance for this year.

food processing
HOLD
Netflix Inc.

They're the winner in streaming: profitable, have pricing power, adding content and the others are busy trying to catch up. He added on a pullback a few months ago but shares are not cheap now.

Technology
PARTIAL SELL

Peaking today, so he took some profits. It's reliable with predictable cash flow (assuming they have it). There's some exuberance in the wider market. It remains a core position. This and MSFT each make up 15% of his portfolio.

Technology
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