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Stock Opinions by Jason Snipe, CIO, Odyssey Capital Advisors

COMMENT
There's already a lot of worry (inflation, Ukraine). Next week, we'll get CPI data and retail numbers which will show us how the consumer is doing. Also, financials will start earnings season next week. There's some encouraging inflation news: this week the world container index is starting to come down by over 3% week-over-week. Also, used car prices are not surging like they did during Covid, but came down 3.9%. He remains cautious about the market, but there remain opportunities in places that have been beaten up. If indeed the supply chain eases, that could put stocks in a good position. Stocks are one of the best hedges against inflation.
Unknown
BUY
Play consumer discretionary through travel? He owns little travel, but there is a lot of pent-up demand. Lots of runway. He owns Marriott, but Carnival is an opportunity.
lodging
BUY
Play consumer discretionary through travel? He owns little travel, but there is a lot of pent-up demand. Lots of runway. He owns Marriott, but Carnival is an opportunity.
Transportation
COMMENT
Wall Street is seeing its best week since November 2020, but he expects more volatility. QT is behind us, yet the US economy remains strong. The second half of 2022 could see lower inflation. He's focused on supply chains--if those shortages ease later this year, will the Fed be as aggressive? Time will tell. We could see some bounces in coming weeks heading into the next earnings season.
Unknown
HOLD
High-PE stocks are hard to invest during this stage of the cycle, like SHOP or Twilio, way off their highs, but bounced 15-20% this week. He owns both and believes in them long term, believes in their fundamentals.
Technology
HOLD
High-PE stocks are hard to invest during this stage of the cycle, like SHOP or Twilio, way off their highs, but bounced 15-20% this week. He owns both and believes in them long term, believes in their fundamentals.
0
BUY
He added to this last week. It trades at 15x forward PE, pays a 1.6% dividend, operating leverage is doing well and is trading 18% off its 52-week high. They've seen strength in multi-channel consumer and has done flawless execution during the pandemic.
clothing
BUY
He likes healthcare, given the return to preventative care and elective surgeries. Also, there's a strong pharma pipeline. Stay long in health.
E.T.F.'s
COMMENT
With inflation coming in at 7.9% yesterday, he's cautious about the market. Near-term, there's more volatility. But once QT gets underway, there's more clarity about the future and we get some grasp on inflation, then his outlook will improve. But's now he's cautious, not terribly excited about the market.
Unknown
BUY
Operating margins continue to grow. Their private label business is up 18%.
clothing
SELL ON STRENGTH
It's up 45% YTD, playing into the supply-demand story in oil and they've been disciplined with costs. He hasn't trimmed it yet, though he will in coming weeks with all this volatility. It has the best balance sheet in the sector. It's a market-weight hold for him. Still likes it.
integrated oils
COMMENT
Bull or bear? It's tough to call it now. He's cautious. The Fed offered a lot of certainty over rates this week, but he remains very worried about inflation. The VIX is above 30. Lots of headwinds in the short run. The long run is hard to say. It's a bad time to be buying. He's more bearish than bullish. The Fed will raise rates in 2 weeks, but US growth has already started to slow. In the second half of 2022 when the tightening cycle gets underway--and strong employment grows--supply chains should ease and he hopes will moderate inflation, which sets us up nicely int he second half of 2022.
Unknown
BUY
It boasted 12% EPS growth in the last quarter, almost 30% revenue growth. Stay long. It's his favourite in cybersecurity.
0
BUY on WEAKNESS
He bought more recently. He focuses on quality and BAC had 28% revenue growth and net interest margin growth. It's not about the yield curve, but about commercial loan growth. Financials have been oversold recently, so this was a buying opportunity. He's nibbling at BAC.
banks
BUY
Trading at a 30% discount and near a turning point, says an analyst The cloud business for any company is a huge opportunity. These megacap tech names haven't suffered the pain like the rest of the market. He likes Amazon (and MSFT) now, the two megacaps that will ride out current volatility.
specialty stores
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