Today, The Weekly Buzzing Stocks by Billy Kawasaki and Kim Bolton commented about whether AMAT-Q, V-N, INTC-Q, TSM-N, INTC-Q, AMD-Q, NVDA-Q, AVGO-Q, ARMH-OTC, SNOW-N, ORCL-N, CRM-N, ADBE-Q, KEYS-N, AMZN-Q, MSFT-Q, GOOG-Q, PLTR-Q, QQQ-Q, ENGH-T, NVEI-T, CTS-T, SAVE-N, ABBV-N, PG-N are stocks to buy or sell.
Pretty much like August and part of July, sort of range bound. The S&P and the NASDAQ have been either side of the 50-day MA, kept in that band of 1-2% above and below. Hopefully, today we get a breakout, though he can't predict which way it will go.
The recipe and ingredients are there for a breakout, either higher or lower. It will all come down to the press conference after the Fed rate decision. If J. Powell is more hawkish, markets will probably test on the downside. If he's not, we might get a bit of a rally. The market just has to break out of the range it's been in for the last 7-8 weeks.
Not at all. A year ago, he was talking about generative AI that could be the next catalyst to come in the technology arena. And that's what happened.
The sector has matured, because you know who the players are. You have the hyperscalers with the cloud, and you have the processing names like NVDA and AMD and INTC coming in. In 2024, new chips will be coming out from those names and they'll be quite competitive. And then you have the software stack. It's all coming together, but you can see who's in the leadership position.
With interest rates high, and potentially going higher, you really have to stick with the big names that have the deep pockets.
Not a big fan of ETFs, because there's a price to go in and a price to go out. Outlook for the remainder of the year and going into 2024, we could be range bound. You could buy the QQQ or the NASDAQ futures. If we're range bound, it's very technically driven, so you have to know where resistance and support are.
80-85% of revenue comes from ads on Search. A recession would impact this, always keep that in mind. So many horses in the race. Together with MSFT, very much a leader in the AI space. Will do extremely well with generative services. A Top 5 holding. Constantly beats expectations. #3 in the cloud, but ORCL is biting at their heels.
With the inverted yield curve and high interest rates, you really have to go to the growth stocks with deep pockets. So many horses in the race, tremendous free cashflow. Hiring 250K in fulfillment just for Christmas. Still likes it despite its great run. His price target is $164.85. The runway just keeps going on for its total addressable market.