Market. Earnings revisions are going down a little bit but not that much. Stocks are reacting to bad news. The Fed wants this market to go up, which is the path of least resistance until you get bad news. Doesn’t think earnings are going to be a big thing this quarter. Expect they will move negatively so you are not going to get the earnings growth, maybe year-over-year, but certainly not quarter over quarter. He is expecting a market correction. There are all kinds of signals out of China that it is more than a slow down.
His model price for this company is $66.64. This is a 5% differential. It has to break above $66 and if it does, he thinks the stock will go higher and has a chance to go to $91. Very low volatility. Would love to buy this name on any pullback.
Model price is $21.92 which is a 100% upside. Have had some operational issues. Chart indicates that it is certainly going to go to the $11.58 level. It will probably hang there for a while. If it broke out above the $11.58 level, it would be very positive for the stock. (See Top Picks.)
Model price is $10.97, a negative 21%. If this seriously breaks down through the $13 level it will go back to about $10.65 and this is a reasonable price for this company which is a support for fundamental reasons as well as its balance sheet.
This one is down a lot. He has a model price of $20.56 which is a 5% upside. He would like to see the stock lower. If it broke down to around the $17 level, it would be very fascinating to him. Better value elsewhere.
Likes this one a lot. 3% dividend. He has a model price of $44.60 giving a 48% positive differential. Thinks the stock price grows with the balance sheet.
Has a very, very small balance sheet. Most of the airlines are government funded, which blows off their balance sheet. Very, very high Price to Book. He has a model price of $49.96, which is a negative 28%.
Has an upside of 12% to his model price of $66. Just broke out of a level that it has been banging it’s head on for the last 11 weeks. Even if there was a stock market correction, this wouldn’t get hit much.
Market. Earnings revisions are going down a little bit but not that much. Stocks are reacting to bad news. The Fed wants this market to go up, which is the path of least resistance until you get bad news. Doesn’t think earnings are going to be a big thing this quarter. Expect they will move negatively so you are not going to get the earnings growth, maybe year-over-year, but certainly not quarter over quarter. He is expecting a market correction. There are all kinds of signals out of China that it is more than a slow down.