Latest Stock Buy or Sell?

This morning's jobs data: June will be too soon for an interest rate cut, but likely one or two later this year by the US Fed. It'm impossible to know what's inside Trump's head. Tech is insulated from interest rate moves. With rate cuts, we're back to slow, muddled growth. As a result, tech will benefit, because investors want to invest in growth, which tech offers. Within tech, semis are exposed to China which, of course, are now effected by trade talks.

He sees massive growth in payments and inventors management. His company just met them today. He's not ready to recommend them yet, but he will. The market has liked it since its IPO.

Cell providers rent their tower space, but the next phase of growth for CCI lies in 5G. 5G is a big deal. There's 50% annual growth in wireless data usage, so the providers will need to accomodate their users. The providers' spending will occur in phases, starting with building the macro networks, where CCI is well-positioned. They're also good in the electronic test/measurment. It'll be a good 5-7-year run in 5G.

It's done poorly this year, because it's a semi producer due to the China trade war. 30% of their business lies in smartphone memory, so if the trade war gets drastic (which he doubts), MU will get hit. The market is pricing no growth. PE is low-single-digit. This is a $60 stock, really. 5G will drive this as people upgrade their phones. This can easily rise 10-15% in a market rally. It may be early to enter it now, though. The mass-market shift to 5G will happen in 2020-1.

He really likes it and bought more today. It's become a consumer staple for everyone--we all use it to search and for maps. Millions use Youtube. Self-driving cars looks interesting. If the US courts break up the courts, he can make money in the break-up value, but he doubts a break-up will happen. We have to see where these government probes about anti-trust will go. An investigation won't necessarily lead to a break-up. Rather, tech companies like Google may be forced to change a way it operates in a specific, narrow way. The threats have been overblown.

Maybe this has gotten ahead of itself on valuation after a parabolic rise this year. What they provide to small businesses is great. It could get bought out. Pare your holding if it has gotten too big in your portfolio. B2B wholesaling is large, so SHOP has a large runway. Investors look much to valuations; rather, consider whether a company can continue to execute, beat expectations.