Josh Brown, CEO, Ritholtz Wealth Management
CEO at Ritholtz Wealth Management
Member since: Dec '21 · 135 Opinions
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Stock Opinions by Josh Brown, CEO, Ritholtz Wealth Management
The AI play no one talks about it, because they think it's a boring industrial. But you can't build data centres without connectors, and APH is the top connector. Q1 earnings were +48% YOY. This has run up, so buy at high-$80s. If trading, sell at $81.50, or $71-72 if you're a long-term trading. APH affirmed guidance. Demand will likely remain strong.
He sold it recently. This news is very significant. Google won't disappear--they have a steady business--but the duopoly Google shares with Meta in internet ads is in question. This is a watershed moment. For the first time, Google is competing in core search, particular AI which are growing better and complex, yet easier to use and attracting a younger user. Also, Google faces a problem in travel search declining from less traveling and tariffs. It's been said that travel search accounts for 13% of Google searches.
Earnings missed, though self-driving cars are their single-biggest opportunity. He just added more Uber and Crowdstrike that he's owned for years. CRWD is one of the best performers on the S&P this year; they had a lot of ground to make up for and has returned to past levels, pre-outage. They saw a 23% increase in annual recurring revenue, a key metric. Shares are 26% above their 200-day, so firmly in a long-term uptrend. Another super quarter by CRWD.
The end of Buffett's reign as CEO has been an overhang for many years, but it hasn't mattered because shares have performed so well. This is as good of a transition plan and exit that he has ever seen anywhere, at any company. Buffett painstakingly worked on this transition for years. Shares remain at record highs. He remains a forever shareholder. Buffett is the GOAT and belongs on Mount Rushmore alone. There's nobody like him.
The end of Buffett's reign as CEO has been an overhang for many years, but it hasn't mattered because shares have performed so well. This is as good of a transition plan and exit that he has ever seen anywhere, at any company. Buffett painstakingly worked on this transition for years. Shares remain at record highs. He remains a forever shareholder. Buffett is the GOAT and belongs on Mount Rushmore alone. There's nobody like him.
Consumer discretionary hasn't held up, because consumer sentiment has fallen, taking SHAK down. But SHAK's fundamentals remain the same. RSI is at 30, so is oversold. That said, it's trendless and this is not a buying opportunity. It could be rangebound for a while. He's long-term and will hold. Traders love it here, though.
Among the banks, they've done the best with their digital strategy, close to MS. They stay abreast of what's happening in fintech and adapt that for their customers/users.