Today, Liz Miller and Daniel Lloyd commented about whether SLF-T, DGC-T, ENB-T, HUV-T, BTE-T, BBD.B-T, MFC-T, TD-T, ZCL-T, NFI-T, TRP-T, TA-T, CAS-T, CIX-T, T-T, BIR-T, BNS-T, CUF.UN-T, NWC-T, EMA-T, BCB-T, CIX-T, DIS-N, SBUX-Q, LNC-N, MCD-N, TSLA-Q, NVDA-Q, BABA-N, T-N, TEVA-N, WBA-Q, SCTY-Q, SBUX-Q, PSX-N, LNC-N, MET-N, NKE-N, AAPL-Q, TWTR-N, AMZN-Q, WYNN-Q are stocks to buy or sell.
This doesn’t look like good value, but she looks at a stock and the company separately. This is a disruptive company, which is good for the auto industry and everybody. The stock is very rich for a company that is really making very few cars right now, and very little profit on that car. The stock really represents the incredible long-term promise of a disruptive company in the automobile industry.
The fast food restaurant industry is very competitive. This stock has been struggling lately, which was partly on changing tastes in the US, and on diminishing returns. These companies sometimes get growth on product cycles, and they got them for a while on global expansion, but this is a very mature fast food company that exists globally now. They might have a few more places to expand, but fundamentally their business growth should be tied generally to the economic growth where they exist.
Down 30% from its high a year ago, with cord cutting because of ESPN. It was a $120 stock very recently. Year-to-date it is only down about 12%, but that is in a market that has been flat to up, so far. On a relative basis, we have seen the stock reflect uncertainty, but doesn’t think that uncertainty is a third of the value of the company. You are seeing other companies trying to get into the content and media industry, who may not be experts at running that. There is no question that this company is an expert on cross content. Dividend yield of 1.51%.
Markets. A strange turnaround from last night to this morning due to the US Election. He was surprised by the strength after rallying Monday on the idea that Hillary could be elected. Investors just like certainty at this stage. You might want to wait for clarity on certain policies before committing a lot of money. Markets will probably grind higher from here. There is execution risk as well as headline risk around these policies. A lot of names that were particularly strong today were also probably heavily shorted and short covering was taking place. The lower for longer trade is fading.
*Short* He recently added to his short position. It was the first real pop in the stock since he started shorting it. The earnings were particularly bad and the firm sees net outflows from their funds. CRM2 is forcing brokers to disclose what they are paid by mutual fund companies. He thinks it is a secular bear story. There is somewhat of a risk that they get bought out.
Chip graphics. Has owned this in her aggressive portfolios for a long time, and has been regularly taking profits on it. A chip maker in the graphic area, more and more applications. Elon Musk announced that it was going to be central in Tesla (TSLA-Q) going forward, which adds even more excitement. Doesn’t know if you should be buying large positions today. Watch it trade for a while and make sure you really know what is going on before buying a new position. When the smoke clears, it is basically a semiconductor company, and what we pay for a semiconductor company depends on what the product cycles are.