COMMENT
A bear bounce or bottom? Sentiment data hasn't jived with real data from the economy. Reports are giving guidance and clarity that the markets need. She sees an inflection point to the positive though.
Unknown
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.
electrical / electronic
COMMENT
There is a serious overhang with the IOS changes.
0
COMMENT
There may be scrutiny over ad spend in their next quarter, but don't get caught up on that time until you look at the rest of the company.
Business Services
BUY
It's down in the first half of 2022, but has risen in recent weeks and is definitely a second-half-2022 story. Cost transparency is improving. This overhang about enterprise spending--businesses will continue to spend on the cloud, which is a profitable, high-margin business. If you're not in Amazon yet, now is an excellent entry point. Buy ahead of earnings. There could be a little pressure, but she is not worried.
specialty stores
BUY
Agriculture will be a real focus for governments for several years in order to make more sustainable food supplies.
agriculture
BUY
Snap released a poor quarter, but should Alphabet shares be impacted? Yes, there is an economic slowdown happening, and small business reduces ad spend whenever that happens, and that reduction starts with Snap. This doesn't always transfer to Alphabet, though, unless there's a recession (which he doubts will happen). He isn't worried about Alphabet.
Business Services