Stephanie Link, Chief investment strategist, Hightower

It's well-known that they're losing market share in China, but we're seeing stabilization. She expects one more quarter of negative growth, then there'll be easy comparisons and will stabilize. It'll enter an iPhone supercycle based on over 200 million phones that haven't been upgraded in 4 years. AI will help their apps business and boasts high margins. She sees $7.50-8 in EPS in 2025 or 2026.

Expectations are high, but their report next week will win: North American retail margins could return to around 5%, AWS will meet numbers and their logistics is taking market share and has synergy. Would definitely buy more if shares fall.

Their report wasn't perfect. YouTube numbers missed, and they guided capex and marketing higher.

It's all about interest rates. Probably we need to see the 30-year fall below 6.0% to trigger pent-up demand and will likely get it. We're 5 million homes short in the U.S. and have been underproducing for 14 years.

They reported last week: orders were up a lousy 1%, not 9% as expected, but gross margins expanded 50 basis points to beat expectations and added more buybacks. Trades at 12x PE.

It trades at a stretched 23x PE, but easy same-store comps are coming, profits are amazing, a recent buy is synergistic, and self-help is increasing market share.

Seagate just reported a great quarter.

Just reported: beat earnings and revenues and free cash flow. Also, they guided a little higher. The CEO is focused on growing organic growth, free cash flow and operating margins, which is what happened and will do. She would still buy it.

Trades at 11x earning at 10% premium growth. They've raised the dividend 20 straight years.

She believes in electrification. Their free cash flow is positive and margins are expanding. There's room to run.

Sold it. They're revamping their hotels in China which is good long term, but will lose market share in the short term. Dead money.

Is plunging nearly 20% after reporting and on weak guidance. Expectations were incredibly high. New products and lower inventory were supposed to happen in the second half, but are now pushed into 2025. Also, revenue growth has fallen (projected) from high-single digit to low. It will take a while to right this ship.

Just bought more Snowflake. Free cash and operating margins are well above their peers. And yes, it's an AI play. It enjoys 34% profit revenue growth. And it's hated now. An opportunity now.

In first-half 2024, the S&P is up 15.5%, the Nasdaq 20% and the Dow 4.5%. She expects gains in the second half, though lower. It's prudent to take profits after a strong 18 months. The economy will remain strong. The rally will broaden. We will definitely see a soft landing. Companies like General Mills are actually lowering prices to help a sold consumer. She projects 8-10% corporate earnings growth.

Total speculation. GME has no earnings, revenues are down and trades at 365x EBITDA.