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COMMENT
Today's sell-off it a convergence of a lot of stuff that's been building up. It now feels like February into March. He's got put options out there and built up hedges. There are 46 days till the US election. He sees vulnerability to the downside. The catalysts for the recent tech sell-off: valuations went through the roof and central banks issued stimulus and governments offered fiscal stimulus to pump markets. Now, that stimulus is off the table. And the US election is coming up.
PARTIAL BUY
They use platforms to digitally recreate speakers on stage around the world, using holographic technology for as cheap as $10,000. Clients include multinational financials and pharmaceuticals. The new CEO is building out the salesforce and taking on big clients. He targets 90 cents, more than double the current stock price. Buy a quarter position now, then add if the stock falls lower.
other services
BUY
He also owns Visa and Square. Paypal is well-positioned to grow around digital payments, and it's been a winner as transactions have leapt this year. $220 is his price target, about $40 higher than now. It's a momentum stock. He gravitates to the larger payments companies like this and Square, not the smaller players.
0
BUY
He targets $49.12. They've disappointed the last little while. A new CEO came in last year, and he will likely shakes things up. Topline growth should recover by the end of 2020 as more investments are made. Cisco keeps buying back shares, even during the pandemic. It's a yawner now, but should pick up because Cisco is a massive supplier of 5G which is coming.
electrical
electronic
PAST TOP PICK
(A Top Pick Oct 01/19, Up 191%) Glad he still owns it. He targets US$1,100, so there's currently room to grow (not US$903). Has a long runway in secular growth. Their track record of innovation is phenomenal. He sees a much-higher stock price. Their Q2 report said that gross merchandise volume accelerated 119% at a phenomenal annual rate.
Technology
PAST TOP PICK
(A Top Pick Oct 01/19, Up 150%) He took profits and got back in. Now is a great opportunity to buy during the current pullback. He targets $95. Their software and platform allows automated infrastructure monitoring across the entire technology spectrum, accelerating troubleshooting. Boasted 85% revenue growth YOY in the middle of the pandemic. They're free cash-flow positive and operating margins keep growing.
Technology
BUY
He targets $63.70. Their last reported quarter was weak, but beat the street only because the street had lowered expectations. But this could fuel optimism for the stock. They continue to invest in R&D. It's innovative and diversified to meet customer needs. It trades at only 5x enterprise value to EBITDA.
computer software
processing
BUY ON WEAKNESS
DON'T BUY
He owns Activision instead because it has a longer runway of growth due to its forthcoming games. It's traditionally been a toss-up between this and EA. It comes down to runway.
computer software
processing
