BUY

Yes, it isn't cheap at 50x forward PE and it's made a sharp move up lately, but there remains earnings appreciation ahead with strong billings. Strong Fed contracts are coming, too. Businesses won't cut cybersecurity spending.

HOLD

They beat revenues last week by 7% and announced share buybacks. You're likely to buy this lower, but he would hold off here.

BUY

He expects a recession later this year, so you want to own consumer staples, things that people need to get them through a recession. These stocks have solid balance sheets and pay good dividends.

HOLD

Like Buffett, he will never sell it. It's a core position to hold. Maybe it's a short-term trade, though, because pressure on the consumer is coming. Soft drinks will be least-effected in a recession

BUY

Continues to like it. It's doing what he expected it to do, and still rebounding from the pandemic. Their streaming continues to perform.  Be where the consumer is spending, which is at Disney.

BUY

It's struggled in past years, but he's a long-term investor (6 years on average). They have rebounded along with the economy and the supply chain has eased. Good management name and will reap benefits of capital equipment investments .

BUY

Has owned this forever and it's one of his top 10 stocks this year. He doesn't trade it. Has a credit rating higher than the US government and pays a good dividend.

COMMENT

A little concerned. Retail has benefit from selling higher-ticket items, but last quarter HD had fewer transitions. It beat only because of those higher-ticket sales. Overall, we're still seeing disinflation, but how much longer can the consumer remain resilient? Savings are down a lot from a year ago. Will there be some trade-down?

BUY

The consumer still wants experiences, and China is reopening. Macau too.

BUY

The spend on sports betting remains significant.

BUY

Wynne enjoys a core group on consumers who will go to their casinos and any spending online in sports betting adds to that.

COMMENT

Has always been a tough call. She has little semis exposure. Perhaps this is a little ahead of itself because of the current hype over AI, but that is also NVDA's long-term catalyst and offsets the pressure in data centres they're facing and weaker PC sales. Still has valuation concerns.

BUY

She likes agriculture in general. As the US moves more into commercialization of farming, this could be a long-term play for investors.

WEAK BUY

Wait, if you already hold and hold for the short-term. Growth is oscillating away and the Fed could be hiking rates. But long-term, you can buy here expecting growth in 2024.

DON'T BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

EPS was 41c, matching estimates; revenue was $1.385B, 3% short of estimates.
EBITDA of $496M was 20% short.
Guidance was weak: AEM noted it expected production to be lower and costs to be higher for the next three years.
The stock dropped the most in two years.
Guidance is about 6% below prior forecasts due to 'permit issues, noise restrictions and revised mining operations'.
Cost guidance rose 15% from the company's prior expectations. 4Q gold production was 799,438 ounces, vs 812,537 estimated.
The Yamana deal is expected to close in March. We can deal with short term issues, but we do not like a three year outlook of lower production as well as higher costs.
The price drop is justified here.
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