Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Jim Lebenthal and Joe Terranova commented about whether AMD-Q, GNRC-N, CVS-N, NXPI-Q, QCOM-Q are stocks to buy or sell.
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COMMENT
We're stuck now. It will be three weeks before we see June's inflation data and when earnings start. Earnings estimates have been going up this year, and are the big question going forward. That answer will come with earnings reports starting in three weeks. However, personal and corporate balance sheets are still in good shape. Companies are buying back shares. These balance sheets are a positive in a pessmistic environment and cannot be overlooked.
COMMENT
He's waiting for the world to change. He sold some S&P futures on the morning of the last inflation report and hasn't made any moves yet. There's no clarity in inflation, rates or tariffs. There is overwhelming pessimism in the market which gives rise to a trading opportunity, which is a bit of optimism. Also, lumber, copper and wheat are down over 20% or more since the winter. Even gasoline and crude oil are down (the latter 12% from the recent peak).
BUY
Some investors feel that semis in the next two years are not going anywhere, so they avoid them. Others are bullish. If so, own AMD or Nvidia. He owns AMD for the valuation, $10 million share buyback and excellent management. He is bullish in semis, that will be tied to the overall economy's recovery.
electrical
electronic
COMMENT
Not sure if we will enter a recession this or next year, but she expects growth to return to 2017-19 GDP (2-2.5%) levels based on earnings growth. Earnings growth will be the catalyst to raising stock prices. There are companies with strong moats and strong earnings whose PEs have come down a lot. Those names deserve to trade at a premium.
BUY
Now trading at a forward PE of 22x vs. the S&P's 15.5x It depends on the growth rate, whether they continue to execute. A higher growth rate deserves a higher PE. Higher input costs will effect profits, but look at the discount now compared to a year ago. Yes, he would continue to buy this and tech names like this.
electrical
electronic
BUY
She bought this in mid-May and is down around 10-12%. She likes their valuation and chances to gain market share. In PCs, they have an edge over Intel, who lag them. Nvdia corners videogames, but AMD is also competing here. Oversupply may be a concern next year, but their valuation is compelling now.
electrical
electronic
COMMENT
