Today, Matt Kacur commented about whether AME-N, META-Q, TECK.B-T, AMD-Q, IPL-T, MG-T, NVDA-Q, ATD.B-T, AAPL-Q, CVS-N, ELD-T, ENB-T, GILD-Q, ABX-T, GD-N, AQN-T, QSR-T, CCL.B-T, AMZN-Q, BABA-N, DAL-N, ALA-T, DOL-T, BB-T, CJR.B-T, CSW.A-T, GOOG-Q, AAOI-Q, TOU-T are stocks to buy or sell.
Today's sell-off. In late-December, the last time he was on Market Call, he said he was a reluctant bull. Now, he's waiting for even more than a pullback. Many reasons for a strong economy, including great monetary stimulus, but enough is enough. It's priced in. We had a great January and the market's been up the past 23 months. But now it's harder and harder to find good ideas. When he can't find a great idea, he goes, Wait a second... No one can predict a top, but he looks for things like Texas Instruments where they had a good quarter, but the stock still goes down. We're close to a top. Wants to see a pullback.
Alibaba (BABA-N) or Amazon (AMZN-Q)? You can buy both and he would. Don't use multiples to under valuations, but rather look at invested capital. Estimates 15-20% return on invested capital for Amazon. Alibaba is equal if not slightly better than Amazon. 18% ROIC. Loves both, but would slightly prefer Alibaba.
Alibaba (BABA-N) or Amazon (AMZN-Q)? You can buy both and he would. Don't use multiples to under valuations, but rather look at invested capital. Estimates 15-20% return on invested capital for Amazon. Alibaba is equal if not slightly better than Amazon. 18% ROIC. Loves both, but would slightly prefer Alibaba.