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Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Shane Obata and Stephen Weiss, Founder, Short Hills Capital Partners commented about whether CLF, SNAP, AAPL, POAHY-O, DAL, BA, BAM, GOOG, T.TO, SAP, SNE.TO, TSLA, PLTR, INTC, QCOM, FSZ.TO, UBER, TSM, AMZN, LVMUY, MSI, NVDA are stocks to buy or sell.
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BUY
He re-entered Porsche because they guided positively for this year, and it is a luxury brand so it's not impacted by consumer weakness. He's cut back his Target shares a lot, because next week will be important, not for market earnings, but what the Fed will say. He missed the bounce last week, but has caught part of the bounce this past week. Everything is short-term in this market; he's not predicting a bigger bounce ahead.
Automotive
COMMENT
He predicts Apple will miss its next quarter. A coin flip, though. Weak consumer confidence may see a decline in buying Apple's expensive products. If you own Apple, sell some covered calls. If not, buy puts which are pretty cheap. They expire next week, so you can them before Apple's next quarter.
electricalelectronic
COMMENT
Next week's big tech earnings are overwhelming. Get sleep. He remains bullish long-term, but is nervous now. Earnings of the past two weeks have been pretty good, though there are worries. There isn't enough data yet (only 15% of the S&P stocks have reported). Wants to see what Apple and Qualcomm have to say next week.
STRONG BUY
Really likes the CEO and they have boast $930 million of free cash flow in the first half of 2022, and estimate to top $2.5 billion by year's end against an $8 billion market cap (=30% free cash flow yield). Revenues are coming from the car business which are seeing pent-up demand due to aging cars out there. CC will likely renegotiate upcoming contracts at prices higher than current. Shares were down (45% in the last 3 months), because they took an accounting hit for the debt they bought back earlier at a discount.
Jim LebenthalOwned
steel
BUY
Downgraded today and earlier this week He doesn't get it. This trades at 12x earnings. Last quarter, they added 6 million subscribers to Paramount+ (when Netflix lost subs). They project adding 3 million this quarter. Trades at 70x book value. Are growing their business by investing.
Jim LebenthalOwned
communicationsmedia
COMMENT
The risks over the next 3 quarters: 1) supply chain delays, 2) services revenue. There may be a decline in the latter, given the weak consumer confidence numbers as food and gas prices rise, but these are coming down now. She can't predict when China will end its zero-tolerance policy towards Covid, but if China has 0-2% GDP this quarter, then this situation will change. Apple has guided very conservatively, so an improvement in China will be a serious tailwind.
electricalelectronic
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