Joe Terranova

He sold this a few months ago. The net-interest income pressure will challenge the money-centered banks. JPM can withstand that (he owns). For GS, the culture they once had has returned; they have strong underwriting. Volatility will raise their trading revenue in coming quarters. He likes GS and JPM among the money-centred banks. The direction of GS company is great now.

The S&P, he thinks, will go higher, and you should play the market from the long side. We will continue to see strength in semis and megacaps.

At a 52-week high, but he sees more upside to the November high of $111.

The report will set the tone for overall market risk for the coming days. It could fall due to extreme bullishness. Can other areas pick up inflows from the money market and bonds. AI stocks are rattled now give SMCI, down 26%, with some skepticism. If NVDA doesn't miss, it goes higher. He wants to hear if there's strong demand for the H200 chip or any missteps with Blackwell.

He agrees. Don't catch a falling knife now. Can't defend SMCI fundamentally. He bought this in late July but momentum flipped to the negative in August. 

Negative free cash flow to enter 2024, but it's turning positive. Shares are up 21% this year.

It's amazing how they've pivoted from government clients to AI-related ones. It's underappreciated, thriving as software struggles and delivers as seen with its last earnings.

Stay with it. They have the right model for the consumer in this economic climate. A long-term holding for him.

Financials are the strongest sector this year. XLF is up 19% this year. He holds 35 stocks in financials and 26 outperform the S&P, including Progressive, KKR and Hartford Financial. They have revenue growth and strong momentum.

They keep investing n companies with consistent revenue growth and strong balance sheets. This is Buffett's strategy. He invests in the right sectors like staples, financials and insurance. He's confident that the company will continue to succeed after Buffett.

The sector has been going nowhere. It needs a catalyst like an event in the Middle East to move shares up. Likes Diamondback and Exxon.

In 2022, their cash flow went positive, and they will generate $10 billion free cash flow in 2026. They continue to grow revenue at 15%. Strong momentum.

He wouldn't bet against their earnings next week, but Nvidia is the biggest risk to the market now.

The US consumer remains a risk despite Target's strong performance today and their quarter. The lower-end consumer is challenged by inflation and are looking for discount sellers like TJX. Their margin guidance is 31%, which is phenomenal for retail. Target's number is encouraging though. He will look at them. TJX beat earnings and raised guidance.

The US consumer remains a risk despite Target's strong performance today and their quarter. Target's number is encouraging though. He will look at them.