He remains optimistic and still sees a soft landing, based on revenue and employment data while the supply chain is a little better domestically. He sees no recession. He doesn't know if we've hit bottom, but there are interesting buying opportunities. Buy some. You won't make money in bonds. He expects 50 then 25 basis points higher by the Fed. We'll learn to live with Covid. The underlying economy remains strong.
Offers diversity and less risk in foreign exchange. This holds productivity tools like Docusign that every business everywhere will be using for their business with customers. This won't change. Yes, it's volatile, but even Cathy Wood's ARKK is up this week.
The USD has had a fantastic run, so why not buy these European companies that have so much of their sales in the U.S. You get them at a discount now, so they'll have the wind at their banks for the Euro and Swiss franc turn around against the dollar. He predicts a 5% lift in forex in the next 6-8 months. These companies have great balance sheets and cash in sectors that are global.
The USD has had a fantastic run, so why not buy these European companies that have so much of their sales in the U.S. You get them at a discount now, so they'll have the wind at their banks for the Euro and Swiss franc turn around against the dollar. He predicts a 5% lift in forex in the next 6-8 months. These companies have great balance sheets and cash in sectors that are global.
The USD has had a fantastic run, so why not buy these European companies that have so much of their sales in the U.S. You get them at a discount now, so they'll have the wind at their banks for the Euro and Swiss franc turn around against the dollar. He predicts a 5% lift in forex in the next 6-8 months. These companies have great balance sheets and cash in sectors that are global.
Zoetis is new to him. They are in pet health across many species. He met management and was impressed. Pets are recession-proof sector. Americans own 110 million cats--who knew? Fascinating company.
healthcare It's an okay place to be. Many companies have good balance sheets. Wait just in case there's another pandemic. He's weighted at 20% of his portfolio.
There's big potential here, because it doesn't serve small businesses in America which equal 66% of digital ad spending which is going to Facebook and Google instead. This platform serves only large brands, but that's a smaller part of the market. Twitter has been miserable for investors and has seen a revolving door of CEOs. The fair price of the Elon Musk deal is $30/share. Musk will never find out the data he wants about bots because it would break privacy laws. It's at an impasse. Twitter should take the deal, but all this wrangling exposes what a mess there is in management there, and is scaring away large customers.
Sold Salesforce to buy Workday. She has liked CRM for many years. But Workday's work in HR and enterprise resource management. In the hybrid work environment, it could be important for employees to have a cloud platform to log into for recruiting and resource management. Workday has an excellent outlook for coming years.
Sold Salesforce to buy Workday. She has liked CRM for many years. But Workday's work in HR and enterprise resource management. In the hybrid work environment, it could be important for employees to have a cloud platform to log into for recruiting and resource management. Workday has an excellent outlook for coming years.
It seems cheap, because they have 4-7 billion-dollar drugs in their pipeline. So, estimates will have to move up dramatically and the PE will be lower. Therefore, the stock doesn't look as expensive as it seems.
Actually, cloud stocks have held up relatively well compared to tech. In less than two months, shares have gone from $406 to $490, but remains over $200 from its peak. Business is good and NOW is actually profitable.
No price is safe. Nothing can get too low as analysts fight each other to downgrade. To the bears, nothing matters except to get out before the other guy. Tech, especially, gets non-stop hate every single day aimed at semis and internet stocks--they have been too hard hit. But he feels more constructive about this market than a month ago. He foresees slower consumer data, then the Fed reversing itself.