Managing Partner at Requisite Capital Management
Member since: Oct '21 · 58 Opinions
She gets it: if we go into a hard landing and recession, there will be pain in oil prices. She sticks by oil this year, though, by adding to your position, or sell calls and collect the dividend. A lot of this current weakness is overblown. Over 18 months, the price of oil will be fine.
Apple reports tomorrow. The stock is up 30% YTD. Incredible. Expects revenues to be -4%, and earnings -6%. They buy back a lot of shares. A great company. She sold the August $180s and collected $5.30. It won't trade that high into August. Doesn't see them beating earnings; doesn't see a rise in iPhone sales.
She's very bullish healthcare. Buy it at $83. She's selling the $90 September calls, collecting $3.25.
It's a plus that the Fed has come out to say they are data-dependent, because the Fed is no longer behind inflation, but we're still at the mercy of the market saying, Maybe Powell has more rates to come.
Falling below $100 was too much, too fast and too low after Musk had to buy Twitter, which destroyed investor sentiment. The price cut in China EVs was very smart. The US comprises 9% of world EV sales, Europe 24%, and China 50-60%, so Musk is gaining traction in China. She bought at $120 and sold calls at $150, so she is capped out at $160. $190-200 is a good price now. The fundamentals have to follow through. She also drives a Tesla.
Just bought it. The energy in pullback was overdone. FANG offers secular growth, making good, strategic acquisitions and want to distribute 75% of their cash flow to investors through dividends and buybacks, plus a variable dividend. She bought around $139. China is not yet reflected in energy stocks, and today Russia announced energy output cuts.
Prefers this to, say, Target, in discretionary. WMT is attracting higher-end customers. If the economy weakens, people will go long Walmart and short Target.
Likes it. Earnings are coming and the street wants to know their daily active users number. In December, they had 65 million, up 18%, but the average booking for daily users is $7. These shares range between $30-40, so she sells calls close to $40, then closes it out closer to $30. They have cash flow and revenues, but remain in the growth stage.
$25 is support and could bounce off this. Sell the July $34 call, collect $1.45 and use that premium to fund your July put.
An Australian copper and coal miner that is very tied to China. Pays a 9.6% dividend.