Today, Joe Terranova and Paul Harris, CFA commented about whether JNJ-N, SYK-N, TD-T, BTE-T, AMZN-Q, T-N, BCE-T, LLY-N, NVO-N, AC-T, PKI-T, FSV-T, ZTS-N, GOOG-Q, LB-T, ING-N, LNF-T, IFC-T, ACN-N, BNS-T, FSZ-T, ADBE-Q, CAT-N, TSLA-Q, AAPL-Q, QCOM-Q are stocks to buy or sell.
It has executed very well over the long run and works on cost structures. There could be another special dividend. It has lots of real estate and wants spin off a REIT. However a lot of their properties are not in the greatest areas so the REIT may not do as well as others. You could buy on the pullback and wait for a pop when/if the REIT is spun out.
It has a dominant position in the search business. Has a great balance sheet with $50 billion in free cash flow each year. It has 30% of all digital advertising which is a 400 billion dollar business. Trades at 19X earnings with great growth opportunities. There is an anti-trust action against Google but they will learn from Microsoft's experience and not be so aggressive.
It is in the animal heath care business with two divisions: livestock and pet care which is the biggest division with lots of growth. Insurance is not very involved in the pet care business, so is not as powerful a component. Also drugs for animals generally get faster approval. Buy now on this pullback.
Tesla was upgraded today with 60% upside based on their new supercomputer, Dojo: Has been very volatile the past year, so manage your risk and position accordingly. Don't get intoxicated by the extreme price moves up. The upgrade is based on the success of self-driving cars and taxis, but we've heard this before and we don't see that trend today.