Today, Ian Fung and Ross Healy commented about whether CASH, GDXJ-N, CVS-N, ECA-T, HUV-T, PKI-T, AMZN-Q, AC-T, LB-T, CU-T, HCG-T, CM-T, GOOS-T, FDX-N, VET-T, DIS-N, MCD-N, DOL-T, SSNC-Q, SNPS-Q, ACN-N, BYND-Q, DWDP-N, AMZN-Q, AMD-Q, GS-N, ROL-N, TOY-T, UBER-N, LVMUY-OTC, GOOG-Q, CLX-N, ROP-N, FDX-N, BAC-N, NVDA-Q, V-N, BCE-T, AMZN-Q, SHOP-T are stocks to buy or sell.
He likes it. He likes the secular tailwind. Gaming consoles and data centers get their chips. They are building more differentiated chips from NDVA-Q.
It split into three shares. DWDP-N was a holding company and he would continue to hold it. The AG company would be more challenged.
He thinks it is the best fast food restaurant to invest in. Against QSR-T he likes it better. There is less debt on the balance sheet. They righted the ship and are now going for growth.
In 5 years They're taking on Netflix with some fine programming, but he wonders how much room there will be in the streaming market as more players enter? More competition may pressure Netflix stock down the road. Disney has had a long-term peak of 4x adjusted book value historically. It's now above that ($131). As long as the stock stays above that, then the market will believe in Disney. But watch this very carefully. Right now is a real line in the sand.
They've had a round trip since October 2015, rising high then falling back to that 2015 level all because of the Amazon effect (Amazon using other forms of delivery). That said, FedEx's earnings forecasts have held up beautifully. Fair market value upside could be as much as 90%. Historically, their shares peak right at fair market value. There's good technical support at $146, so you can buy at that level. PE is only 9.5x. What's not to like?