BUY
It is a bank that went through a lot of headline risk. It is transitioning. The CEO is turning things around, trying to turn it into a commercial bank. It is a good opportunity to pick up a good company with a great reputation that will probably be around for the long haul.
BUY

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.

BUY
He would not run a mile from the stock unless they did something crazy. He cannot find too many things against them except regulatory issues that can't be predicted.
HOLD

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.

WATCH
The way the stock is reacting he does not know if it reflects the value of the stock. It is not profitable yet. There are other companies that are competing with them.
TOP PICK
He loves it for it touching all industries, consumer to manufacturing, government and technology. He likes the way the management works and the recurring revenue. They switched their business model to cloud security and digital innovations. They have lots of opportunities for cross selling. (Analysts’ price target is $183.00)
TOP PICK
They make tools and code for companies to develop computer chips. Eventually we will reach a limit where we can't miniaturize any further and then that is where this company comes in. Complexity is increasing. Recurring revue of 90% is strong. (Analysts’ price target is $135.13)
TOP PICK
They provide software for financial services companies – everything the large ones need. They have 97% retention of clients. It is almost not worth these companies leaving their services. (Analysts’ price target is $73.62)
BUY
He sees it going a little higher than it is today. It has been a darling for a long time. In a recession, people tend to shop down.
BUY

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.

COMMENT
We've had a spectacular bounce since December, but based on what? Not much is happening with the economy, really. The hype in U.S. early this year was a shame--it wasn't based on fundamental growth. Powell is being "patient." However, things aren't as good as the US Fed's Powell lets on. A rate hike is out of the picture for now. Rather, he expects a rate cut and the stock will have a Pavlovian reaction. In America, Trump threatens Mexico with tariffs, then pulls back and the market bounces up and down--it's noise. Noise doesn't effect the fundamentals. What we need are earnings, and the fair market value of earnings lately are flat. No growth. What will drive markets? He doesn't know. The FAANGs were the big leaders of the last few years, but not anymore.
WATCH

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.

COMMENT
Preferred shares worth buying? Almost all preferreds are resets, which means every 5 years the dividend rate is adjusted according to interest rates. So, when the latter fall, then resets pay lower dividends. This is why preferreds are falling. Not a good outlook.
DON'T BUY
They pay way too much in their dividend. They should cut it a lot, actually. Their earnings forecasts have been declining, too. VET is cheap at 1.5x book value now, but what's the upside? Maybe oil prices will become much stronger, but lately they've been declining. The dividend yield is nearly 10%.
BUY

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?