PAST TOP PICK
(A Top Pick Jun 09/20, Up 21%) Performed well during the pandemic, fell off with the rotation to cyclicals, and now rebounding. Long-term, a great company. Leader in efficient real estate use. Trades at a premium 35x earnings, with a 10% growth rate. A premium name.
PAST TOP PICK
(A Top Pick Jun 09/20, Up 28%) The exchange, plus market data. Recurring, organic revenues. 24x earnings, with a 7% growth rate. Getting a bit expensive, so he's trimming. Long-term, a good name.
DON'T BUY
He owns FB, GOOGL, and NFLX. Avoided Apple as it's underperformed since September due to rotation. Right now, its future is more muted with 5% revenue growth and 9% earnings growth over the next several years. It pales compared to the others. Its future depends on how it can expand services.
DON'T BUY
With the worldwide shortage, likes that there's a big impetus to own semiconductor stocks. QCOM is not his top choice. He'd rather look at TSM or NVDA, with higher growth profiles.
BUY
With the worldwide shortage, likes that there's a big impetus to own semiconductor stocks. QCOM is not his top choice. He'd rather look at TSM or NVDA, with higher growth profiles.
BUY
With the worldwide shortage, likes that there's a big impetus to own semiconductor stocks. QCOM is not his top choice. He'd rather look at TSM or NVDA, with higher growth profiles.
COMMENT
Hedged vs. non-hedged ETFs. Right now, with the CAD at 79-80 cents, he'd prefer to be non-hedged. Hedging is more expensive. CAD range is 70-80 cents. To take out the risk of long-term currency fluctuations, you can go hedged, but you may not get the upswing of the USD going back up against the CAD.
HOLD
Likes it. Doing very well in gaming, camera technology. Competitive industry. Stock is showing good technical indicators. Keep holding. 14x earnings for an 11% growth rate. Pretty good valuation.
RISKY
Long-term yields have stopped moving higher, so growth stocks are not in so much danger. If it breaks down below the 200-day MA of about $527-530, that could be a negative technical indicator. 13x price to sales, whereas the S&P trades at 3x. Strong product, great company. Competition is a concern. You could hold a bit, depending on your risk and horizon.
HOLD
Really likes it. 22x earnings for a 13-15% growth rate, not bad at all. Equipment maker to make semiconductor chips. In the right place. Be careful if it's swept up again in a tech selloff if yields start moving up again. The most cyclical area in tech is the semi area.
BUY
A concentrated portfolio of 25 names. Only 35 basis points. The demand/supply imbalance will last for some time. Semiconductors will be an important part of our lives, and demand will continue. Instead, he owns NVDA, a high growth name.
TOP PICK
Second largest global payments system after Visa. Taps into a more normal economic backdrop and especially lucrative travel transactions. Long growth runway of moving from cash to digital. Annualized revenue growth should grow to 17%. Yield is 0.47%. (Analysts’ price target is $392.65)
TOP PICK
Based in Switzerland. World's largest wealth and asset manager. Universal Bank in Switzerland, and a global and investment bank. Solid balance sheet. Strong capital and liquidity metrics. Broad economic recovery will help European banks. Trading at just below book value. Shares look healthy technically speaking. Yield is 1.15%. (Analysts’ price target is $17.13)
TOP PICK
Second largest in US by market cap, most international-focused by operating revenue. As pace of vaccine rollout accelerates, strong pent-up demand will cause airline traffic to surge. No dividend. (Analysts’ price target is $54.20)
COMMENT
Hybrid, a world where stay at home habits have some staying power, but we'll still be going out during the reopening. Don't bother guessing what consumers will do with mass vaccinations. Instead, stick with good stocks on both sides of the trade. A hybrid economy. Like JPM's CEO said today that he expects a mix of workers staying at home some of time and returning to the office some of the time.