COMMENT
Transitory inflation is historically 2-3 months. However, this one looks to be 2-3 years, which is still technically transitory. It may not be sustained like in the 70s. We could see sticky wages and labour ruling. Quit rates are off the charts in the US and people are realizing that low paying jobs are not for them. It will be a transitionary period. Certain sectors can't get labour at all such as the truck drivers. Earnings will be interesting to see with wage pressures.
COMMENT
Gold. Has been the most frustrating trade. Seeing all the indicators for gold to rise and yet it is not happening. Gold stocks versus gold bullion is the lowest it has ever been in history. It is just not working.
COMMENT
Not every asset can go up at the same time. Last week's bullishness cannot last. That said, oil continues to be the Chosen Asset as it stays strong. Energy accounts for less than 10% of the S&P, but has a negative impact on the 90% of the S&P--or should be. Transport and hotel stocks are rising along with oil, when they shouldn't. It's crazy. If production doesn't increase, then oil will reach $100/barrel. And Bitcoin will continue to rally. He likes cryptos, but this is pure speculation; he sold some of his cryptos today. It's frothy. Meanwhile, FAANG is climbing, even Facebook which jumped over 3% today which seems impervious to bad headlines, as long as people keep using the platform.
BUY
Not only REGN, but all healthcare stocks, like Bristol-Myers and Merck, have been under pressure. REGN is a great stock and worth holding long-term.
BUY
All healthcare stocks have been pressured. PFE is protected by their near-4% dividend. We will all need their Covid booster shot.
DON'T BUY
It's in personalized healthcare tech; they help employers save on benefits by offering them a single place to get their health and benefit needs. ACCD has a network of nurses, behavioural specialists, and doctors while their platform uses machine learning to give patients correct recommendations which lowers costs and produces better outcomes. For instance, it steers them away from unnecessary emergency room visits and getting their annual physical. ACCD offers a one-stop shop digital health platform. It's barely reaching its total addressable market, now at 5%. ACCD can grow at 40% annually with rising gross margins. The street loves ACCD, boasting 12 buys, all buys. Cathy Wood likes it too, owning 8% as the top shareholder. However, ACCD has been a dog since peaking at $55 last summer. This does not inspire confidence. ACCD went public in July 2020 when IPOs returned; shares jumped at first. Then, it reported super earnings, but then did a secondary offering that hurt stock momentum, then bounced up in December. Last summer, tt reported a weak quarter and shares tumbled to mid-$30s. It's risen a little with last week's tech rally. ACCD has two problems: healthcare has fallen out of fashion in the market, as are stocks without earnings, even if they promise large future earnings. (Remember Teledoc, Amwell or other telemedicine stocks?) ACCD they've bought two companies this year, in primary care and mental health. In May, around the time of these buys, the company lowered their guidance. It trades at a pricey 11x sales, not earnings. In this space, look at GoodRX instead--fast growth and profitable. Also like Doximity and UnitedHealth which just reported a blowout quarter.
BUY
They have a good hybrid cloud strategy. Unlike some on Wall Street, he likes IBM. Their spin-off is fine.
BUY
Some feel it's too cellphone-centric, but it's made some fine acquisitions. Will benefit from 5G.
BUY
Tim Collins, a technical analysts, is bullish cloud stocks After a rough spring, it's climbed since tech bottomed in mid-May, SNOW has shown a pattern of higher highs and higher lows--a healthy rally. Buy at $310 and sell at $355. However, Collins notes the rare "parabolic stop and reverse" indicator; a PSAR stock will spike, pull back, then give a bullish reading to resume its rally. SNOW has done this nearly once a month. Collins predicts SNOW passing $400 based on this pattern, unless the Nasdaq collapses. Buy and hold, says Collins. But if SNOW breaks its floor of $310, don't buy.
BUY
Tim Collins, a technical analysts, is bullish cloud stocks. It's recently pulled back from recent highs in a "flag pattern" or "continuation pattern" which means that consolidating, a stock will resume its march higher. Before this consolidation happened, NOW was nicely moving higher, then POW in August an explosion to the upside. Recently it's declined with lower highs and lower lows over a few weeks. But in last week's rally, NOW broke until its old ceiling of resistance has become its new floor of support. Collins sees new resistance at $680, its old all-time high. If it doesn't break out, this could fall to $630-650. Below $610, he'll exit. But if it holds current support, this will head higher.
COMMENT
They used to be cheque-printing company but in recent years have been transitioning into fintech--a payments business, data/cloud services, promotional products unit and cheques. Earlier this year, they bought an electronics payment company, a key purchase. Since closing that, shares have slipped 18% at below 8x earnings.
BUY

Buying Open Bets is a good idea. EDR stock is cheap, and there is a return to entertainment.

BUY
They don't miss their quarters. His choice in the accounting fintech space.
DON'T BUY
Controversial. Its volumes look like a meme stock. It's a spec stock.
COMMENT
He's praised it in the past. They offer a terrific service that he uses. But the stock and its cohort are stuck. Some feel they have a fine business model.