Jim Lebenthal

Why are financials labouring today? True, the reports of JPM, Citi and Blackrock were fabulous, but we will have an inverted yield curve (and higher interest rates for longer) which will weigh on net interest income. Not fatal, but he wouldn't step into financials.

It was important that this week Apple held support (October's low) of $168. But given the overall market this week, he won't invest in this or other stocks. He expects the market to fall 4-5% in the short term.

Sitting tight and not buying. He expects a 4-5% pullback short term.

It's a show-me story. He thinks Splunk can reignite earnings. Ex-Splunk, Cisco has been dull with tech spending going into AI. It depends on Splunk.

They have a long-term big problem. He won't touch it. He sold it right after the Alaska Airline fiasco. The CEO isn't the solution or problem. Production is declining and cash flow and profits will be crimped.

A defensive play. Buy on a correction.

At some point, this will correct, but nothing worse. Bears point to the 35x forward PE, but this is growing into its earnings 50% year over year. No sign of inventory gluts. He expects dip buyers to swoop. At some point, you need to trim this, and tomorrow's CPI figure could be the trigger.

He'd buy mor at $160, but the technicals are ugly, that its 200-day moving average is about to roll over as the market has been rallying. The 50-day wants to cross the 200-day--and you don't want that.

They had a bad quarter due to the impact of data centres they're building to fuel future growth. He wants an update about this and its effect on their margins. These centres are key to their long-term growth. A good hold now.

A new holding and doesn't expect any surprises either way in this week's report.

Quietly, the streamers are showing some life and DIS is the safest way to play it. Disney+ is projected to show a profit by end-September.

Trades at 32x PE, but consistently outperforms earnings, and growth estimates are above 50%. Not expensive. There's room to run in AI stocks and not in a bubble.

America needs Boeing to succeed. A private Chinese company wants to take market share from them. But the more Boeing screws up, the more that door opens for this Chinese company. Whatever happens, Boeing's profits will decline, because to fix its ongoing problems, Boeing needs to spend money to assure quality control.

He is bullish the big banks, including this. He is bearish the regional ones.

Was upgraded today. That's a long-time coming. The new CEO is cutting costs and raising profits. So, shares should keep climbing, It's trading at 65% tangible book value.