Joe Terranova

He's concerned whether their products will be cannabilised by AI itself.

The momentum is white hot and the valuation is lot cheaper than Adobe's.

As a large, money-center bank, JPM benefitted from huge outflows when the regional banks melted down in March 2023. They boast a strong balance sheet.

It's the best US airline. But the stocks aren't reflect record volumes. The airline stocks may have peaked in July 2023.

Shares have been rallying because the last several years, management reigned in spending and started a strong capital allocation strategy. This is consistent with the other Mag 7 companies. The street has rewarded Meta for this. The market comes down to these companies continuing to grow revenue.

The semi trade is driving the market and economy. Chips are the new oil. Today, the S&P is recovering nicely today. Nvidia is rising again (though is actually flat in the morning).

He just bought Datadog, because something exciting is unfolding in software. Software is bottoming. DDOG participates in the crucial area of AI, security, using cloud-based monitoring, which is important to enterprise. It's breaking out now around $130 today.

He owns a lot of energy stocks. This sector is performing a lot better year to date than the street gives it credit. Many energy companies like Exxon and Marathon are doing well. The second half of 2024 looks positive.

Financials are rallying, and he expects IBKR, one of the better names, to break out to a new all-time high.

 They're building out their commercial  business, which is important given their big exposure to government contracts. They're benefitting from and growing in the AI business, and will continue to grow. A strong momentum name as software has seen friction. 

You can start buying this now. It's underperformed. It reports Thursday. Last April, shares held the September 2023 low and was slightly higher. In recent weeks, shares have based and are rising to its critical 200-day moving average. He will take a small position today and add if this cracks its 200-day.

Was upgraded today, though shares are dipping now, and it splits 15-1 tomorrow, which is positive. Revenues grow 14% vs. negative growth in this sector. Their footprint is expanding with 300 new stores. This will continue to rise higher, though any momentum stock risks a correction. Believes in it.

There will be an upgrade cycle to rival that of the iPhone 6 which offered a bigger screen. The new phone will feature AI.

He's tired of waiting for energy (WTI) to break out of its range of $65-90, but maybe it finally will. 

Healthcare has been an ignored sector, but is enjoying some momentum and will do well in second-half 2024. McKesson, Merck and Amgen, all holdings in this ETF, are doing well and even making new highs. Also, biotech does well when rates come down.