Jim Lebenthal

He just doubled his position. QCOM has momentum, up 19% the past month, their data centre business is growing and, like Meta, the market is now changing its mind about this company compared to a few months ago. QCOM isn't just a small chip manufacturer, but they also produce the internet of things, car parts and data centres.

Their valuation has fallen a lot and looks attractive now. The big question is: Can they diversify beyond GLP-1?

All the chip stocks have been dead money the last 3 months, but MU is coming back to life.

Is very bullish oil for the rest of the year. We'll be refilling inventories for quarters to come. Who knows when the US-Iran war will end? Oil stocks will make a lot of money. 

It pulled back after a failed drug trial for a heart treatment. It's a good company with a full pipeline. This is a buying opportunity. Pays a good dividend. This space does well regardless of where rates go.

It's had a slight rally of 10% after reporting in early August. Trades at 14x forward PE, for a well-known brand and has consumer appeal. He will stick with it.

It has a great run until earnings. The stock got ahead of itself. He didn't expect oil prices to rise this much, but ticket demand is there. Oil will remain a headwind, though.

The current rally is a delayed response to their new iPhone launch. Maybe the phone is worth $2,000, and maybe have the buzz going into the key holiday season. Despite current momentum, the 36x forward PE is too high. He'd add more shares under $300.

They just reported: 30% topline revenue growth, free cash flow a lot better than expected, though still negative because they're investing in the business. They did not announce new capex plans. Their current default swaps are starting to make a difference, from 215 bps a few weeks ago, and now at 181 bps. Lots to like, but shares are down because interest rates are up in recent days. You can buy on weakness now. Their capex spend will remain an overhang, though.

The correction is over. Airports are packed and flight sales are up.