Joe Terranova
Chief Market Strategist at Virtus Investment Partners
Member since: Oct '21 · 691 Opinions
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Stock Opinions by Joe Terranova
Is up 93% this year. Optical is critical to AI infrastructure, like copper once was. The FCC is considering limiting Chinese imports of optical, which means more demand for American names like CSCO.
Joe Terranova
He's not convinced that software has rebounded. Instead, he's waiting for the next reports from Salesforce, Oracle and Adobe. A year ago, software's woes began with Oracle, then trickled down to Adobe and others. Oracle is the #1 problem child, but wants to hear good things from all three to change his mind.
Since March, he's bought this 6 times and it kept moving higher. It's up 26% since the June 25 low of $273. It is losing near-term momentum, for sure, and is vulnerable to a deeper decline. When it does, the stock will pause, and he will continue to buy more, because this is the Mag 7 stock that will stand above the others.
Joe Terranova
He recently sold this at $431, citing lack of momentum--that was not a good trade. He likes the fact that the new CEO is now buying back stock, being aggressive and putting his signature on the company. He bought $10 billion of Alphabet and Home Builders at $7 billion. Sure, some deals will not be good, but to make on omelette you have to crack some eggs.
Delta and United are a duopoly. That's why both shares are up this year. UAL us up 22% this year.
Joe Terranova
Delta and United are a duopoly. That's why both shares are up this year. UAL us up 22% this year.
Joe Terranova
In real estate, SPG stands out with a generous share buyback program and making strategy buys of other companies. Is best of breed on malls RE.
Joe Terranova
Cloud services are using a lot of cybersecurity names, which reported good earnings. CRWD's balance sheet continues to improve.
Joe Terranova
Is the best-performing financial stock in his ETF: strong balance sheet, revenue growth, life and health insurance businesses are strong.
Joe Terranova
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It reports in 14 days. 96% of analysts have a buy rating with a $303 price target. Earnings growth is 114%, free cash flow will be $47 billion, and the revenue growth guide will be $100 billion next quarter.