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BUY ON WEAKNESS
Buy more of this as it moves further into crytos by adding the crypto platform, Coinbase, to their portfolio. Shares have bottomed and though they haven't moved it, he would buy more.
Technology
BUY
There were many garbage SPACs earlier this year, but this wholesale mortgage lender is a rare good one. It tumbled from $14 from last year's highs to over $6 last month. Then, they reported a solid quarter and it started to rebound; shares moved up 6% today after announcing they plan to be the US's #1 mortgage lender by 2024 and displacing Rocket. UWMC dominates the wholesale side, but want to capture the retail side. It's an ambitious plan he likes. It trades at just 11x 2022's earnings and pays a near-4% dividend as you wait.
finance
leasing
BUY
Many wrote off this supermarket chain a few quarters ago given the end of pantry stocking with the end of Covid. Since then, shares have risen 22% as this has benefitted a lot from inflation. It's also well-run. They report Thursday and he expects great numbers. That said, he prefers America's largest grocer, Walmart.
food stores
