Stock Opinions by Jim Lebenthal

BUY
Lockheed Martin

He hates to say this, but the world will remain a violent place. 

Transportation
PARTIAL BUY
Walt Disney Co.

A definite hold, though you can probably add to it here. It reports Thursday and he wants to hear how the streaming business is going, and are the theme parks recovering. A lot of things 

entertainment services
BUY
On Holding AG

It reports tomorrow. It's a pricey stock, but it's also growing like a weed. People love their shoes. Volumes are up.

clothing
BUY
CRH PLC

A very cyclical company in construction materials. Lower interest rates should help the flagging housing industry. Benefits from infrastructure spending and have reported good numbers recently.

contractors
BUY ON WEAKNESS
AbbVie Inc.

He added more AbbVie. Obviously, today's news about the disappointing drug trials is not good. This schizophrenia drug was projected to make $1.1 billion in sales four years from now. But today's share plunge is too great, overdone. He might add on even more weakness. Trades at 14x forward PE and pays a 3.9% dividend. It's a great company on sale. They have a long track record of making acquisitions.

0
BUY
NVIDIA Corporation

Consider seasonality: there will be money managers playing catch up by throwing money at names like this. So, NVDA is likely to go higher along with the market.

computer software / processing
WEAK BUY
Apple Inc

When the company announce Apple Intelligence, shares surged, based on the expectation of a super-cycle upgrade. But this is not happening. Also, shares are vulnerable at a low-30s PE. But automatically, passive flows go into Apple.

electrical / electronic
BUY
Alphabet Inc

He's the most interested in this name among the megatechs. Yes, regulatory issues and fines, but the real question is whether Perplexity is eating into GOOG's search business. If no, then GOOG is very cheap.

Technology
PARTIAL BUY
Lockheed Martin

He bought it because he wanted defence exposure. Unfortunately, the world will demand defense (Middle East, Ukraine, BRIC). LMT's order book for fighter jets is strong. He bought a small position, because the valuation is high--he bit the bullet. He will add on weakness. Their last report showed signs of life in the margins, now that supply chain problems are gone.

Transportation
BUY
Raytheon

He sold it because of problems with one of their engines. That was a mistake. They solved that issue and demand for defence remains. A good company.

Defense
BUY
On Holding AG

Some brands like ON and Skechers are hot, and some like Nike are not. You must pick your spots in this sector.

clothing
BUY
AbbVie Inc.

Management has replaced key drug, Humira, and made key acquisitions. Are doing all the right things.

0
BUY
Exxon Mobil

Is hitting a new high today because oil prices are high. XOM's earnings are down this year, because those prices are down. He can't say that oil prices are definitely rising, but OPEC sees demand rising through 2050. There's a lot of room for prices to go higher.

integrated oils
BUY
Chubb Limited

A good insurer that will benefit from them raising premiums.

insurance
WEAK BUY
Delta Air Lines Inc

They report Tuesday. Lots of moving parts now, but overall demand remains high. The problem in recent months is overcapacity in the airline industry.

Transportation
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