Latest Stock Buy or Sell?
Today, Shannon Saccocia, CIO, Boston Private and Joe Terranova commented about whether AMZN-Q, TREX-N, HD-N, MAS-N, XLK-N are stocks to buy or sell.
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BUY on WEAKNESS
We will see more enterprise spend and lower growth in the next few years. You want to be in companies that continue to grow earnings and generate free cash flow and buy back stock. You must distinguish between types of tech companies--those with these characters and those that don't. She will add to big tech (Apple, Alphabet, Amazon, Adobe and Meta).
E.T.F.'s
$157.620
Unknown
BUY
There is a severe housing shortage. A nice way to play housing this is in the repair side. Rising rates will prevent homeowners from moving into new homes and they will stay in place. So, this will drive home renovations. We need to add more supply to homes in the next 12-18 months, but until then there will be pressure on this space.
contractors
BUY
There is a severe housing shortage. A nice way to play housing this is in the repair side. Rising rates will prevent homeowners from moving into new homes and they will stay in place. So, this will drive home renovations. We need to add more supply to homes in the next 12-18 months, but until then there will be pressure on this space.
specialty stores
BUY
There is a severe housing shortage. A nice way to play housing this is in the repair side. Rising rates will prevent homeowners from moving into new homes and they will stay in place. So, this will drive home renovations. We need to add more supply to homes in the next 12-18 months, but until then there will be pressure on this space.
contractors
BUY
Yes, he heard about the unionization vote today. Think of Alphabet in 2019--a sideways megacap, but later momentum began to build then everyone bought. This is exactly what will happen to Amazon. He predicts Amazon will be the best-performing megacap in the next 12-18 months. he just bought this.
specialty stores
HOLD
Amazon just announces first positive unionization vote The issue isn't wages (because Amazon already pays good wages) but shifts--employees who work at night will be paid more. The unionization is a bump in the road, not a disaster. If unionization spreads across America, then costs will rise. That said, he's not worried nor selling his shares. He's still in.
specialty stores
HOLD
Transports are down, yes, but it's anecdotal. XPO should be $100 today. He needs to look into XPO further before he buys more shares, but he won't sell either.
Transportation
