Brenda Vingiello, CIO, Sand Hill Global Advisors

Has fantastic assets, though has seen weakness in Macau but will change if Beijing does Western-style stimulus to the consumer.

Has owned it for 2 years and is one of her best performers. Given the movement in gold, NEM's EBITDA jumped 55% in Q1. 

It caters to higher-income consumers than Walmart. She's long-term and patient. 

She just sold it. It's been undervalued and dominates its space. But trends are slowing and she doesn't know how long the company will prove itself in this space in regards to AI.

Is buying Quanta Services, involved in data centres which is an ongoing trend. She sold Zoetis to fund part of this buy. Zoetis is not exposed to Medicare, which is good, but the stock was not performing that well. Pet care is a good business, but the market wasn't rewarding this stock.

Is buying Quanta Services, involved in data centres which is an ongoing trend. She sold Zoetis to fund part of this buy. Zoetis is not exposed to Medicare, which is good, but the stock was not performing that well. Pet care is a good business, but the market wasn't rewarding this stock.

Yes, their fundamentals are great, but the valuation is too high. Maybe will enter on a pullback.

They won't sit still (and could buy a competitor), and Gemini is highly respected, but the company hasn't promoted it well. There is opportunity, but most of their revenue is coming from traditional advertising on Google search--that's a problem. YouTube is fantastic generating lots of ad revenue. Also, how do you make money off chatGPT? Maybe this problem is already priced into GOOGL, since its PE has come down.

An essential player in the AI transition.

It's been a long wait for small-caps to start to rise this past quarter; small and mid-caps have been outperforming, and there's a long way to go, tied to the strong domestic economy.

She has questions about Google and others in traditional search and how that will shake out. On the digital side, Meta is using AI very well to drive better returns for advertisers; they've done a great job getting consumers watch ads they don't mind watching.

She bought more. They have 30% market share in their electrical business, which holds exciting growth. So many drivers: utilities needing upgrading, onshoring of supply chains, data centres.

She sold Boeing after being very patient with it. But the labour negotiation and the company coming to market to raise capital changed her mind. Eventually, Boeing will right itself though.

Their iPhone upgrade cycle could be meaningful because of AI to boost functionality.

They just reported a disappointing quarter, as competitors lower prices. But there are positive trends: two-thirds of Tesla customers last quarter were new. She expects a push in the U.S. to adapt to EVs. Plus, the cheaper EV next year will be a driver.