Joe Terranova

It buys Qualcomm time, but the difficulty in reaching this deal suggests how hard it is to produce your own chips and maybe it shows how much Apple needs Qualcomm.

It buys Qualcomm time, but the difficulty in reaching this deal suggests how hard it is to produce your own chips and maybe it shows how much Apple needs Qualcomm.

Tesla was upgraded today with 60% upside based on their new supercomputer, Dojo: Has been very volatile the past year, so manage your risk and position accordingly. Don't get intoxicated by the extreme price moves up. The upgrade is based on the success of self-driving cars and taxis, but we've heard this before and we don't see that trend today.

Revenue is starting to increase, plus positive momentum.

They report later this week. Web traffic has been strong. Firefly should be positive. Beware that high hopes are already baked into shares.

80% of reporting companies in this quarter beat. A year ago, it was 77%. The strength comes from companies selling to consumers, speaking to consumer strength. 88% of consumer discretionary companies are beating on EPS, and 62% beating on revenue. Only 51% of the S&P is beating n revenues. Same with healthcare.

YTD, Alphabet is outperforming Apple and Microsoft. What is the contribution of YouTube? is a key question. He added shares recently.

He's frustrated with it, up only 2% year to date, and he's slightly under water it. This ranks 28th of his 31 tech holdings. The company moves slowly and far less nimble than its peers who are doing much better. It was downgraded today.

He's worried that every one of the 34 analysts covering it raised estimates after the previous quarter. It comes down to CRM controlling spending. They report later today.

Computer network attacks and Palo Alto's performance make this a long-term hold. The options market is pricing 7.9% up, slightly volatile. Guidance was conservative last quarter which will help jump over a low bar. Revenue year-over-year in the mid-30s is very attractive.

Made a new high today. Strong earnings and good performance. Happy to own it.

He targets $50 and ultimately the mid-$60s and eventually be added to the S&P.

He didn't defeat seasonal weakness. Powell just read yesterday's newspaper, and the market already priced in what he said today. The market realizes the risk that the economy stays longer than the Fed is comfortable with and the Fed will have to raise rates further. Powell is like a trader who's right--but early. Inflation will ultimately be transitory as a trillion dollars of stimulus fades out and disinflation in China that will eventually come here. Ultimately, Powell will do too much.

He agrees, thinks Netflix could hit $500. In recent years, he has bought on weakness and sold on strength, based on the company's direction of revenue growth, now 16% (3 years) and 8% (2 years) and 3% (1 year). We could easily see that accelerate. He would buy it back.

After Palo Alto's recent report, he expects a good quarter from Crowdstrike next week. Options price in an 8% move, and he expects an above-average move in line with fellow cybersecurity names.