Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Josh Brown, CEO, Ritholtz Wealth Management and Shannon Saccocia, CIO, Boston Private commented about whether AMZN-Q, HD-N, DKNG-Q, SHAK-N, AMZN-Q are stocks to buy or sell.
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COMMENT
The big picture is the sway that options trading has over this market. The 2 days, day before and day of options expiration sees jarring market moves. It happens every week during this earning season. Company fundamentals aren't important in comparison. That's why we're not out of this bear market yet. A stock can fall 30% or 50% from its peak, but nothing fundamental has changed with the company or stock.
BUY
Yes, the stock is underpriced. Amazon is worth $5,000 a share, but will it go there? How do you place a multiple on their cloud business alone? Is AWS worth a third of Amazon's market cap? There are so many moving parts here. Also, Amazon's logistics network rivals any courier--how do you value that? And does the market care? Earnings have soared at Amazon, but the market hasn't reacted to raise shares. He'd love to see a re-rating, but doubts it'll happen anytime soon.
specialty stores
BUY
Down today on weak guidance. This was going to be down no matter what, because now no stock is going up despite earnings. If someone is selling a stock because of Omicron, it's stupid. The pandemic won't last forever. The brand value alone is worth half its market cap. Today's drop is not meaningful. He's long. There's a bright future ahead, global, larger with digital/online ordering. Loves the company.
food services
COMMENT
If Russia invades Ukraine, what's the impact on markets? Stocks fell 3% after Pearl Harbour but recovered all that in one month. Historically, stocks rally within a week or so in conflicts that the US had direct involvement. In 2014, there was a volatility spike in the Russia-Crimea conflict. If Russia invades Ukraine, it won't be a fun day, but the market will digest it. History shows that the market reacts in a mixed way and it's not necessarily negative.
COMMENT
What could happen this long weekend to impact Tuesday's trade? She's most concerned with two periods. The next six weeks see ongoing inflation and Fed concerns, the reset of high valuation stocks and Russian military conflict against Ukraine. 12 months out: nobody cares about that now, just the present. Bonds didn't protect stocks in January and cash doesn't help against inflation. She has a balance between cyclicals and high-growth tech, as well as an interest in international stocks. The second half of 2022 will be much different (better) from 2022 to-date.
COMMENT
COMMENT
There's no place to play defence. It used to be megacap tech. Consumer spending will digest higher prices and the housing market will continue to accelerate. Cash is losing you money in this environment. 40% YOY growth from AWS and 30% margin. At some point, the inflation/ discount rate becomes less of an issue--when do we get the tipping point where energy and materials are no longer defensive stocks (though they are benfiting currently)? This is a difficult investing environment--where is there to hide?
specialty stores
BUY
It will be choppy trading for another month for sure as we digest inflation, including services inflation--inflation is broadening out into other categories. Not enough attention is being paid to retail sales--which are up--and homes sales are also up nicely. We have to wait--nobody knows where inflation is going. She's a long-term investor. Companies that performed best during earnings season are the ones she likes: Expedia, Wynn, Hilton. Would consider AmEx, Coke, McDonald's--if you get them on sale, you can leg into them and see how it goes.
merchandising
lodging
BUY
It will be choppy trading for another month for sure as we digest inflation, including services inflation--inflation is broadening out into other categories. Not enough attention is being paid to retail sales--which are up--and homes sales are also up nicely. We have to wait--nobody knows where inflation is going. She's a long-term investor. Companies that performed best during earnings season are the ones she likes: Expedia, Wynn, Hilton. Would consider AmEx, Coke, McDonald's--if you get them on sale, you can leg into them and see how it goes.
entertainment services
BUY
It will be choppy trading for another month for sure as we digest inflation, including services inflation--inflation is broadening out into other categories. Not enough attention is being paid to retail sales--which are up--and homes sales are also up nicely. We have to wait--nobody knows where inflation is going. She's a long-term investor. Companies that performed best during earnings season are the ones she likes: Expedia, Wynn, Hilton. Would consider AmEx, Coke, McDonald's--if you get them on sale, you can leg into them and see how it goes.
BUY ON WEAKNESS
It will be choppy trading for another month for sure as we digest inflation, including services inflation--inflation is broadening out into other categories. Not enough attention is being paid to retail sales--which are up--and homes sales are also up nicely. We have to wait--nobody knows where inflation is going. She's a long-term investor. Companies that performed best during earnings season are the ones she likes: Expedia, Wynn, Hilton. Would consider AmEx, Coke, McDonald's--if you get them on sale, you can leg into them and see how it goes.
investment companies
funds
BUY ON WEAKNESS
It will be choppy trading for another month for sure as we digest inflation, including services inflation--inflation is broadening out into other categories. Not enough attention is being paid to retail sales--which are up--and homes sales are also up nicely. We have to wait--nobody knows where inflation is going. She's a long-term investor. Companies that performed best during earnings season are the ones she likes: Expedia, Wynn, Hilton. Would consider AmEx, Coke, McDonald's--if you get them on sale, you can leg into them and see how it goes.
food processing
BUY ON WEAKNESS
It will be choppy trading for another month for sure as we digest inflation, including services inflation--inflation is broadening out into other categories. Not enough attention is being paid to retail sales--which are up--and homes sales are also up nicely. We have to wait--nobody knows where inflation is going. She's a long-term investor. Companies that performed best during earnings season are the ones she likes: Expedia, Wynn, Hilton. Would consider AmEx, Coke, McDonald's--if you get them on sale, you can leg into them and see how it goes.
food services
