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SELL ON STRENGTH
The oil stocks have been amazing, but are getting pricey. Hold this to $26, which is maximum valuation. He questions the earnings story of all the oil stocks which are in the end of the 8th inning--not much time left till they become fully valued.
oil / gas
COMMENT
bond outlook He is a bond bull. We're seeing a collapse of economic activity in countries around the world, certainly if we remain stuck in curve, Yield curves inverted auger a recession. Bonds are a good buy now, though it's been a painful trade. Investors will be rewarded 6 months later if they buy now.
Unknown
DON'T BUY
His fair market value $393, 33% overvalued. If this breaks down at $515, it will slide. The company itself is fine, but it's a valuation issue--it's expensive.
electrical / electronic
COMMENT
How do you calculate your model prices? It's very complicated. He doesn't have a model price on AMZN, because the share price is so high now. It's trading right at the middle of its zone. If you see a recession coming, sell this, but not if you are bullish. Just a little piece of good news, like peace in Ukraine, the market will rally hard. Hold if you own it, but don't enter it now.
specialty stores
DON'T BUY
It's so tough here. He ranks it negatively. The financial health of MFC is poor. If it breaks below $25.43, watch out. It yield 4.9%, but he is worried about financials trading at these levels. There's something wrong with their balance sheet, but he hasn't done a deep dive on it. Sell if it falls to $24.50. Doesn't see an upside here, just the dividend.
insurance
PAST TOP PICK
(A Top Pick Mar 17/22, Up 8%) In the US there's a violent rotation into the drug space that will continue. He models $116, so huge upside.
biotechnology / pharmaceutical
PAST TOP PICK
(A Top Pick Mar 17/22, Up 1%) Everyone should own physical gold. There could be a whole new reserve currency in the world led by China, Russia and India based on gold.
E.T.F.'s