Partner at Cerity Partners
Member since: Oct '21 · 227 Opinions
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.
It reports later today and he's nervous. Has bad news been priced in? Probably. The last report wasn't good and last week they announced staff cuts, which you don't do if you're in a position of strength. Trades at 12.5x forward PE and pays a 3.5% dividend as estimates have declined since the last quarter. A consistent company, but there's still room for downside.
He owns Wynn. Despite beating earnings today, MGM shares are down. The report was fairly positive, like Macau and the Superbowl. MGM has a big online sports betting book. Doesn't understand the selling.
$600 billion of market cap has been added to its market cap over the last 5 weeks, but nothing fundamental has changed with the company, not even close. It's down to exuberance. He isn't selling now, but is waiting for a rollover day to do so.
Just upgraded on Wall Street. Estimated $1.2 billion free cash flow this year. Debt-to-EBITDA is just below 1, so they have little debt to buy. Input costs have decreased while car production rises (good for CLF). Expects them to buy back a ton of shares.
They gave poor guidance last quarter over fears that AI will take revenues from tech budgets. But this week they partnered with Nvidia. He wants to hear them talk about that next week on the investor call. There's a chance for them to get back on their feet. Their next quarter is make or break. The new Nvidia partnership is important.
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.