Joe Terranova

Has inflation peaked? The price of natural gas, oil, wheat, corn and other commodities is spiking. Nat gas is approaching $8. So, inflation isn't finished.

Is hitting new highs today after huge run in the last 12 months. The agriculture trade has strong momentum that will go parabolic. Corn and wheat from Ukraine are down substantially while weather is challenging plantings in the U.S. He bought this today, even at these highs. He doesn't see resolution in the supply side. Any correction is a buying opportunity. You must be in agriculture which is not expensive in terms of valuation.

Is hitting new highs today after huge run in the last 12 months. The agriculture trade has strong momentum that will go parabolic. Corn and wheat from Ukraine are down substantially while weather is challenging plantings in the U.S. He bought this today, even at these highs. He doesn't see resolution in the supply side. Any correction is a buying opportunity. You must be in agriculture which is not expensive in terms of valuation.

If Elon Musk wants to buy Twitter, he will, and he'll do it buy raising his price offer, like $60. Either way, part of the Twitter userbase will feel alienated, whether he buys it or not. Name a platform as politically divisive as Twitter. This has to be a private company in order to increase their free cash flow.

They performed with trading revenues in their recent report. Banks will have to build reserves for potential credit losses, though.

They performed with trading revenues in their recent report. Banks will have to build reserves for potential credit losses, though.

They run natural gas from Oklahoma. Natural gas hit $8 today and he expects a further rise.

He trimmed his AbbVie to buy back Chipotle which he once owned. Though the near-term market direction is cloudy, he is seeking opportunity. He bought AbbVie last November at $115. Over three days, AbbVie jumped 8%, way faster than in recent years, but then it was wiped out in just three days. So, he sold half his position. He bought Chipotle, because he wanted growth at a reasonable valuation. It can endure theses inflationary times. Brand recognition helps. Fast food continues to sell.

He trimmed his AbbVie to buy back Chipotle which he once owned. Though the near-term market direction is cloudy, he is seeking opportunity. He bought AbbVie last November at $115. Over three days, AbbVie jumped 8%, way faster than in recent years, but then it was wiped out in just three days. So, he sold half his position. He bought Chipotle, because he wanted growth at a reasonable valuation. It can endure theses inflationary times. Brand recognition helps. Fast food continues to sell.

?? Cybersecurity is such a dominaant theme in 2022. Palo offers growth at a reasonable price, though Crowdstrike is a trade. He see a breakout past $70 for Palo.

AI and the omniverse are included in their long-term strategy. The semis are the bellweather of the macro environment, neither of which are good now. Headwinds will dominate semis more than any industry in the market. He also owns AMD, too, both quality names.

The hawkishness from the Fed's Brainard (who made hawkish comments yesterday) was not priced into the market. We have an adversial Fed who clearly intend to use wealth destruction to cool demand and inflation. The Fed has declared war on stocks. This market is as challenged as any investor or trader will face. Caution prevails. Who isn't losing money (in the U.S.) unless you're a pure commodities trader?

He sold it at $250 when it was losing momentum. He doesn't see anything to tell him that Block's shares will reverse and bounce. It's an ugly chart.

Staying long. Freight equates to rising inventories, so stuff has to be stored somewhere.

Yes, he heard about the unionization vote today. Think of Alphabet in 2019--a sideways megacap, but later momentum began to build then everyone bought. This is exactly what will happen to Amazon. He predicts Amazon will be the best-performing megacap in the next 12-18 months. he just bought this.