Today, Jason Snipe, CIO, Odyssey Capital Advisors and Jon Nagerian, Co-founder, MarketRebellion.com commented about whether IFF-N, MRO-N, CAKE-Q, PANW-N, COST-Q, KRE-N are stocks to buy or sell.
This week's market Monday's sell-off was quickly bought by investors. Investors think accomodative policy will continue though it was slightly hawkish this week. There are no real alternatives to stocks. At least short-term, stocks will trend higher. Watch for job numbers in coming weeks; he expects the Fed to start tapering in December. Earnings will also be a catalyst for stocks to rise.
He's not surprised by the outflows from tech, which has been defensive this year. If Delta continues to slow and accomodative policy continues, investors will look at other places in the market for returns. KRE was below market weight. He trimmed his holding in June and jusT added to it. Cyclicals are up; financials have been flat this month, though up this past week. He likes regional banks; there's a return to loan demand.
This week's market The jump in interest rates from last week to now doesn't scare him, at least not yet. VolatilIty popped on Monday, a signal to him that there's blood in the streets. Evergrande wasn't a major threat, so Monday was a buying opportunity. Unless there is a bad surprise in jobs or inflation, it should be smooth sailing until the November Fed meeting. He's glad the Fed will weigh employment data before making a decision on tapering. Also, with government benefits rolling off, more jobs will arise. As the supply chain remains conStrained, inflation will remain high. Move out of tech into cyclicals? No. Evergrande, though not a new story, feed fear and uncertainty which is always there among investors.
China is cracking down on all cryptos He's a crypto bull and short-term China's move is bearish. Remember that China has been pushing back on cryptos since 2013. Nothing has created more wealth than the technologies China has been banning. China is handing the U.S. and other countries a gift; China will be left behind in cryptos. Long-term, he's bullish on cryptos. Not worried about today's plunge in crypto prices.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. If Feds start tapering, bond prices could come under pressure in the short term. The current rate environment is not normal, but it is okay considering the pandemic. Risk remains that interest rates and inflation will rise. Best to keep shorter duration bonds. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Recovery pains are expected but there are higher prices and pent up demand that will be tailwinds for Air Canada. Planes are becoming full and prices are up. A decent hold with a 2 year horizon at least. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Continues to like the name but patience is probably needed. It has traded sideways for a while but 5i would not sell it. There may be better momentum names but investors can continue to hold this stock. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company is a hold until the sector improves. The company should do well in the long run though gold stocks have seen underperformance. ABX is large and has good cash flow generation. Unlock Premium - Try 5i Free