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TOP PICK
BUY
It's still the world's biggest retailer despite Amazon. Wells Fargo upgraded it from hold to buy today. Low-end consumers are flush from the generous child tax credit. Walmart+ is intended to compete with Amazon Prime. Their relative underperformance (down for the year to date) creates opportunity. Today, WM broke out of a tight range and rose nearly 2% on that upgrade.
department stores
BUY
It's down 15% YTD. Today, the CEO says that ride-sharing and delivery numbers are actually up, but there's a driver shortage that the CEO predicts will vanish when unemployment benefits expire in September. True, Uber metrics aren't cheap , but it's undervalued compared to its history and peers.
Technology
BUY
Trades at less than 7x earnings. Cheap. This and its peers are pricing in a much higher mortgage rates and no customers in the future. So, they don't reflect the current rampant demand for new homes. If the Fed's Jay Powell keeps interest rates low, homebuilding stocks will roar. The U.S. is currently building 1.6 million homes, but demand is for 2 million.
contractors
BUY
Reopening stocks have come off as the Delta variant increase Covid cases. As cases peak, caller expects another run-up, so is it too early start a position in LUV? No, it isn't. Buy this. The CEO is doing a great job. The stock is selling over fears of no travellers, but the TSA travel numbers disprove this--people are travelling.
Transportation
COMMENT
His favourite videogame stock for ages. It reported good numbers--top and bottom decent beats--but cautious guidance on Monday; a couple of major releases are delayed. The stock got crushed this week, from $173 to $157 today. This has bottomed before, so it may come back again.
computer software
processing
BUY ON WEAKNESS
It rallied during the lockdown, but yesterday it reported gross merchandise sales growth slowed from 132% in Q1 to 13% in Q2 while revenue growth fell from 142% to 23%. We knew this decline was coming. However, management gave slightly weaker guidance for the next quarter and that's why the stock fell today though rebounded from its lows. They're still bringing in millions of new customers while habitual buyers was up YOY. Also, they made two exciting acqusitions--the Etsy of Brazil and a popular resale platform that GenXers love.
Technology
Kim Bolton thinks the platform allows for flexibility and remote work. A leading freelance platform. Has scale and network advantagse. Social media mentions have increased by 1700% in the last 24 hours.