Joe Terranova

At a 52-week low. One of their divisions reported poorly. TJ Max and Marshalls underperformed. Consumer discretionary remains weak.

The challenge will be the Microsoft bundling and its effect on their business and market share. Hold, because they are clearly an AI takeover candidate.

Over 8 quarters, it's fallen 6 times on earnings. So, they need a blow-out quarter. Q3 guidance is critical. NVDA has telegraphed they will raise prices 15% to meet expectations.

It reports Thursday. The beat every quarter, and will benefit from tariff refunds this and next quarter.

A core holding. It participates in AI networking. Revenue growth is accelerating.

You need to own the oil refiners going into fall; they are starting to resemble the Micron memory trade of late June.

Is up 370% over 5 years, but really started to rise in 2023. He expects revenue growth to consistently build in coming quarters. Trading at all-time highs now.

Over the last 3 years there's been only low-single digit revenue growth, but the cancer trial breakthrough today is great news for the stock and society. However, the valuation is historically rich.

The Google chip deal is typical--the hyperscalers want customized chips. If Marvell builds the relationship with Google, will Google turn to Marvell for silicon purchases. This would hurt Broadcom. It's a good deal; it will lead to future purchases.

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.

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.

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.

It's in the midst of a breakout.