Chief Market Strategist at Virtus Investment Partners
Member since: Oct '21 · 504 Opinions
He disagrees with an analyst that the momentum names like Oracle, Palantir and APP are overbought. Yes, these numbers have been tired in recent days and are catching their breath.
Sometimes a report doesn't meet expectations, despite being a good quarter. This happened to Eaton.
He just bought it after earnings. Finally, we're seeing positive momentum with earnings growth and lower costs. It's an easy trade. An investor would now see a fundamental turnaround.
A quality name near all-time highs, but guidance came in light and the street punished them.
He just bought it. It has momentum, just taking out its recent 6-month high at $118, and has a path towards $150.
It reports next week. It needs 25% revenue growth. They are still part of the AI networking build-out and likes their correction after DeepSeek. It's now in a good place. Adequate earnings should see a positive response.
He likes rising natural gas prices and more share buybacks. This has outperformed the energy sector by 10% in the past 52 weeks.
The concern is their exposure to budget cuts--they store paper documents for the US government. Could be a target by DOGE.
Is about to take out its all-time high from December. Recommended it before.
It reports Thursday. Watch for the decline on revenues from China YOY. When LAM Research reported, AMAT rose. Options imply a 6% move.
He just returned to this. Shares rose when Bill Ackman moved in. He targets $100.
It reported last week. This and Costco are benefiting from the economy of scale. Market share is already strong and will gain further.
There's still clear demand for network processors, and AVGO leads here. Capital has moved out of this area into software, but there is opportunity in AVGO.
Chinese stocks have been moving up, partly because of outflows from India and into China. BABA is the best of China's stocks with the most upside. It's close to returning to its high.
Though he remains bullish tech, he is not optimistic about Tesla, given tariffs on graphite, which is essential to EV batteries. Musk won't like what he sees about these tariffs, because it will result in a margin squeeze.