A cloud company that helps small-medium companies automate their back office. It went public in late 2019. He recommended it then. He likes it because it helps its clients save money. It has soared, but is now up to a pricey 40x sales. They reported a strong quarter last week but the stock has fallen back some. Perhaps a buying opportunity.
Defence stocks under Biden Defence does well under either Democrats or Republicans, so Biden shouldn't be a worry. LMT has a fine CEO, though he didn't speak about the space division during the last conference call which worries him. He prefers L3Harris though.
He recommends only Norwegian, because they have enough cash to sustain them. Carnival, no. He understands that bottom-feeders want to pick up the cruiselines now.
He's often asked how stock markets can rally so high as the number of Covid rises so high. He answers that business responds to the danger of Covid, like investing in PPP for employees or closing down operations. CEOs don't have the luxury of pretending that Covid exists, like Trump does. Trump is tweeting about the election instead of tackling the current pandemic. History will show that business stepped up in this crisis.
Covid could be a great long-term opportunity for TJX, because they buy clothes and other products from distressed merchants, but short-term he doesn't see many customers, because they don't sell essential, must-have items during this pandemic. He expects a disappointing quarter. They report next week.