Today, Stephen Weiss, Founder, Short Hills Capital Partners and Bruce Murray commented about whether ABBNY-OTC, NFI-T, MRE-T, AMZN-Q, NVDA-Q, CTS-T, DFY-T, CHR-T, MGA-N, BEP.UN-T, WCP-T, SAP-T, ATRL-T, MSFT-Q, MFC-T, AFN-T, AQN-T, ROK-N, TWM-T, BLDP-T, LNR-T, META-Q, CHE.UN-T, BNS-T, AC-T, QCOM-Q, ATVI-Q, DVN-N, DE-N, LULU-Q, MSFT-Q, GOOG-Q, CASH are stocks to buy or sell.
The January rally was due to multiple expansion and add FOMO. The brunt of Fed activity (rate hikes) has yet to be felt. The market now is a good reset. There is an insatiable appetite to buy stocks, but it's better to be in cash, because the second half of 2023 will be miserable when we see the impact of these hikes. The risk now is to the downside.
It was a recent trade, and he just sold it, because this week's Microsoft Bing AI announcement was a game-changer. Because Google owns 97% of internet search and online ads, you don't need to move the needle much on Microsoft to make it a more competitive pricing environment. He was never a big fan of Google anyway and he got it luckily before it hit bottom
Alphabet was a recent trade, and he just sold it, because this week's Microsoft Bing AI announcement was a game-changer. Because Google owns 97% of internet search and online ads, you don't need to move the needle much on Microsoft to make it a more competitive pricing environment. He was never a big fan of Google anyway and he got it luckily before it hit bottom. He prefers MSFT.
Expecting 2023 to be a better year for investors.
Believes US Fed will slow down interest rate hikes.
Looking forward, economy is getting better.
GM sales up 50% from Q4 last year.
Chip shortage ending.
Inflation pressures will be offset by economic recovery.
China re-opening, and economy picking up.
Good companies will make money in any market.
Top chip manufacturing company for chips in cell phones.
Believes company will continue growing.
Current share price presenting buying opportunity for investors.
Expecting mobile phone/chip business to expand.
Automotive industry will require more chips for cars.
Good for 5-10 years and long term shareholders.