Shannon Saccocia, CIO, Boston Private

This decline in natural gas prices (hitting lows today) is good to fight inflation, even short term.

A long-term hold for her. The company raised guidance on an improving mix of efficiency and pricing. Won't see much multiple expansion but they will expand the bottom line.

They set lofty targets in 2020 and haven't come anywhere near them. The PE is expensive and management isn't executing.

50% of revenues are recurring, and they continue to diversify.

She just trimmed MSFT and Apple. Still likes tech, but took profits to fund other stocks in industrials and health care, which could lead the second half of 2023. Interest rates will still pressure tech. Apple, a large holding at 5%, has near-term concerns regarding China. Long-term, she could re-buy these shares.

She just bought Intuit. PE isn't cheap, but it has a competitive advantage because they operate in tax and accounting, areas which are more resilient in a recession if enterprise spending slows. Also, they offer better margins in their online where most of their revenues lie.

The PE has moved dramatically down and is now reasonable.

SS sales are still up 5%, but they missed on large discretionary items which is consistent with Walmart. Member renewal rates are still over 90% globally though. Management's execution commands a premium multiple.

Don't be scared in coming weeks over talk of regulation about Florida Power & Light, always a tailwind. The play here is solar, which will continue to grow, so hold on.

A little concerned. Retail has benefit from selling higher-ticket items, but last quarter HD had fewer transitions. It beat only because of those higher-ticket sales. Overall, we're still seeing disinflation, but how much longer can the consumer remain resilient? Savings are down a lot from a year ago. Will there be some trade-down?

The consumer still wants experiences, and China is reopening. Macau too.

The spend on sports betting remains significant.

Wynne enjoys a core group on consumers who will go to their casinos and any spending online in sports betting adds to that.

Has always been a tough call. She has little semis exposure. Perhaps this is a little ahead of itself because of the current hype over AI, but that is also NVDA's long-term catalyst and offsets the pressure in data centres they're facing and weaker PC sales. Still has valuation concerns.

She likes agriculture in general. As the US moves more into commercialization of farming, this could be a long-term play for investors.