BUY on WEAKNESS
He's shocked this is so low. Glaxo should buy them. At $2, the risk is priced in. Buy.
Healthcare
COMMENT
Musk pulls out of Twitter deal today It's ridiculous that Musk says that they Twitter board is withholding any information. Also, any buyer should do his due diligence. Let Musk figure this out. At the same time, the board must get this deal done for the sake of the company and its shareholders. The court is smart, will do its job and enforce the law. Musk either litigates this for a long time and ultimately buy a vastly depleted Twitter or negotiate to buy Twitter now at a lower price, but fair to both sides.
0
COMMENT
Technical analyst Larry Williams Commercial hedgers (who buy the futures regularly). Williams says the hedgers have the best understanding of their sector. They're not always right but have an edge over the public and money managers. Despite all the gloom, Williams likes what he sees in the market. Based on DJ industrial average futures and other data since 2009: At market bottoms, commercial hedgers tend to be bullish while the money managers and public are bearish. When the going gets tough, the CH's go long.
Unknown
BUY
That stock exceeded where it was after the big decline when it report. Very positive. STZ is great. Prefers this to Sam's Beer.
breweries / beverages
DON'T BUY
The 2.9% dividend yield doesn't stop the stock from going down.
Consumer Products
COMMENT
Watch second quarter earnings closely. They will give a good clue to investors re earnings trajectories for the rest of the year and 2023. The correction we're in provides opportunities to buy high quality growth stocks with mid single digit multiples regardless of when the market bottoms. We could see a recession but the market will bottom before it happens.
Unknown
DON'T BUY
It's a royalty stream which is like a bond proxy with a 7% yield. There's not a lot of growth. It has exposure to the restaurant segment which has a lot of headwinds so he does not favour it.
investment companies / funds