PAST TOP PICK

(Top Pick Oct 9/15, Up 7.05%) Once you are on the IOS operating system you are hooked on it. You have close to a billion users that are hooked and now Apple are milking them for revenue. The iPhone 7 is doing fairly well. He thinks it is cheap and undervalued. What is there not to like?

PAST TOP PICK

(Top Pick Oct 9/15, Down 25.38%) They beat their estimates. The growth has started to come back after a couple of years. They bought great aluminum factories and that metal is becoming popular in autos. The next recession in autos is already priced into this stock.

COMMENT

Same store sales growth is 16.9%. 4 to 5% is normally not a bad number in retailing. It rose only a little after the IPO.

WAIT

He likes it going forward because he thinks we have to see rising interest rates coming. He likes what they have does in the core business. He thinks it will be okay in the long term, but in limbo right now.

BUY

He sold in the last month. It has really pulled back after an issue for capital. The market is having trouble chewing down their recent acquisition. It may be a pretty good buying opportunity. It has corrected more than other mid-sized golds.

SELL

He is short oil. OPEC oil production came out for September and it is the highest ever. Russia is not cutting back. The US is not cutting back. The others are also going to go at the highest levels they can. He thinks it is setting up for a fall back to the low end of the range. He has been selling his stocks.

HOLD

With JNJ-N you are not worried about insurance and health plan payments. They are continuing to get a higher multiple. It is probably not a bad way to play it.

COMMENT

Getting back into Gold. He is not as positive on gold as some. You have negative interest rates. He finds it disappointing. It is probably a good hedge in the portfolio. The midsized companies will have more upside.

BUY

It is cyclical and so on, but operationally, what they have done with restructuring! The valuation gap to US airlines has narrowed a bit. Their expansion into Europe has been strong. It is a risky sector, but operationally they have done such a good job that other players have been the losers. It is a story that has been more about the operation.

SELL

(Market Call Minute) It is a value trap. Management is not delivering.

PARTIAL SELL

(Market Call Minute) HEP-C is rolling over.

SELL

(Market Call Minute) It is mostly about the hype.

HOLD

(Market Call Minute) The valuation is cheap, but it is not growing. There is not a lot of growth in it.

TOP PICK

He sees value in the sector. They have growing cash flows and are paying down the debt. He thinks at some point it might be taken out. They have been under pressure recently because of acquisitions.

TOP PICK

They will monetize Android at some point. They own the search space. They know everything about the consumer. Their mobile platform is growing significantly.