Jim Lebenthal

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.

There are fears that Apple will raise the price of its next iPhone given the high cost of memory. Apple is defending their margins, but will they kill customer demand? The market isn't sure. History says the consumer will absorb the price hike.

The market has been selling this, despite Adobe performing well: share buybacks to shrink the share count by 10% the past year, good earnings, growing net income and free cash flow. Net income has grown 15% annually the past 3 years. This proves that AI won't wipe out their business. This stock is undervalued. Shares are down today because the market (and he) wanted Adobe to hire an outsider as the new CEO. But this doesn't mean it's a sell. 

Start in energy with this. They do it all: exploration, production, distribution, refining, chemicals, and retail--and does a lot of money, outperforming the S&P by 100%.

Won't touch it. Something's going on with the space, which was once a strong, stable business has become fickle.

Even if it has evangelical support, it can support instantly. Just look at Tesla the past week or so.

Has good momentum.

A great long-term hold in LNG. Now is a great time to buy it.

Likes it. The consumer is still buying. This year, the stock has had a great run and is consolidating now.