Brian Belski

Is plunging 20% today on weak guidance. Is down 40% and their multiple is cut in half and their chief product officer left. They moved away from their core business--athletic leisure to back-to-work. He prefers LULU, which at 20x PE trades lower than Nike. Believes in LULU's management and positioning.

At 20x PE trades lower than Nike. Believes in LULU's management and positioning.

Has just added more shares and owned this while, despite shares lagging in recent weeks. It's well-positioned considering Apple. Also, it pays nearly a 2% dividend. Will buy more if this pulls back.

Is up 21% in Q2. Defense companies are spending more on cybersecurity, which benefits this.

He just sold it to fund buying other stocks. He bought it last year opportunistically.

It's time to look at US regional banks, because they're well-positioned for the next few years.

It boasts the lowest PE among the big US banks and pays almost a 5% dividend. They're cutting costs and bringing in great executives. They're a contrarian bank, lagging its peers this year.

He just bought more shares. He still expects CEO Bob Iger will get it right, like cutting content (only 1 Marvel film will be released in 2024). He was a little early buying this. It's a slight contrarian call.

It's over its skiis, overpaying for cybersecurity assets, so he sold it. It's a great name, but he see better earnings elsewhere in tech.

Just bought it as barbell position. For every AMD position, he wants to match it with a Qualcomm.

He sold it (a small position) to add to his MSFT shares, which is a core position.

He sold CRM (a small position) to add to his MSFT shares, which is a core position.

He sold it because he expects weak global growth in the first half of 2024 which will impact the international industrial names. He's getting more defensive in industrials and he sold Deere on strength last month.

He just bought it for its dividend and valuation. This is his sole energy position.

Would consider dipping into US regional banks, but not the larger ones, but rather ones like this. They have strong balance sheets and good managers.