Josh Brown, CEO, Ritholtz Wealth Management

How much are expectations already built into the stock? In the past year, it has grown its EPS by 415% and sales by 195%. Investors have gotten used to this eye-popping growth, so he can't understand where future growth will come from. We know there's a global push to use AI, so who's left? It's unlikely past huge gains will happen again, though modest gains can still occur.

Wait next week for their report to hear about their AI initiatives, which will be available only in English. So, overseas markets will be less excited. It will be a slow, underwhelming iPhone upgrade cycle. He notices that customers are buying the high-margin iPhone Pro Max phone--upgraders prefer the bigger, better phone. At 23x 2025 adjusted EBITDA, Apple is not cheap, above the average of 20x. Again, watch for the AI report.

Among next week's tech reports, he's most excited about Amazon, because the doubt on this stock is overdone. This could soar on a good report.

Among next week's tech reports, he's most excited about Amazon, because the doubt on this stock is overdone. This could soar on a good report.

Of next week's tech reports, he's most worried about Alphabet, a long-time holding. The stock is behaving terrible, especially compared to Meta. GOOG must convince the street that the ads on Gemini AI search will be at least profitable as internet search. Also, Perplexity is a serious competitor.

Energy has been the worst sector, but now it's the cheapest at 10x price to free cash flow and 12x PE. The median return in S&P energy is -3% vs. 30% for all S&P. 54% of IEO's names are negative, but he predicts some will be discovered this quarter. Problem is WTI is up 1% this year at $71. When WTI moves up, so will these stocks.

Looks like it will take out last week's high. Something's going on. Looks good.

They need to innovate. Lines such as the Jordans aren't selling like they used to. They're not innovating. Their biggest celebrity athletes are aging, like LeBron and Kevin Durant--do kids want their shoes. They trade at a high 25x PE for no growth.

The new CEO is making big, strategic deals behind the scenes. He expects something with the Near-Field communication chip. Pay with Venmo is a plus. This continues to make 52-week highs that nobody is paying attention to. He's sticking with it.

As long as the CEO continues to execute, the stock will be fine. However, before he was dismayed to watch GS get into ill-fated consumer finance, so it's important they are mostly exiting these businesses and returning to what they DO best: IPOs, capital markets and trading. Technically, it's not good: an RSI of 36 and is partially oversold. It broke the rising 50-day moving average last week. There should be support around $426-430 and would look at it then as a trade but not an investment.

There's a secular tailwind for this tech spending. The die is cast. It will keep going for the time being. The best sub-sector in the S&P today are semis and NVDA is the 7th-best performer. The spending is happening. NVDA is the default play.

They report Tuesday. Expectations are high. He expects 100% or more in revenue and 130% in earnings. It's entirely possible that they report 132% and not 137% and the market responds by slashing 10% of the share price. NVDA is highly sensitive in the short term, but NVDA has reported 6 straight quarters of sales and earnings beats and raised guidance every time. markets have been waiting for this company to have a misstep, so if you've been waiting for this the past 6 quarters, it has not been fun seeing shares go higher. NVDA is entering the report 9% off its highs and as much as 27% recently. The stakes are high for the overall market. Their big customers--Microsoft and Meta--none of them in their conference calls announced they were cutting AI chip spending. None. They are the ones to listen to. He wouldn't buy NVDA now, though.

Earlier this year, Elon Musk spoked the ride-share sector when he promised to then failed to unveil robo-taxis. For driverless taxis to work, you need mass demand which Uber has with its base of subscribers--Uber can fill these cards with riders. So this is a tremendous opportunity for Uber, though won't impact near-term earnings. It currently trades at a 32x forward PE (38x actually) with 30% forecast EBITDA, which sounds right. That forward PE is the lowest since Uber became profitable. RSI is 63 now, not overbought despite rallying. This will go north.

He wished he had bought alot more. Shares are jumping 7% today after Cava reported a great quarter. Net sales at Cava jumped 35% and same-store sales were 14% vs. expected 7%. He's holding this for long-term.

 Cava reported a great quarter. Net sales at Cava jumped 35% and same-store sales were 14% vs. expected 7%.