Today, Kim Bolton and Stockchase Insights commented about whether SOT.UN-T, CLS-T, UMAX-T, ON-Q, MCHP-Q, IFNNY-OTC, CVO-T, GIB.A-T, INTC-Q, MSFT-Q, QCOM-Q, BB-T, MU-Q, MNDY-Q, DELL-N, ADI-Q, ENGH-T, CRWD-Q, FTNT-Q, ASML-Q, ALAB-Q, AMD-Q, NVDA-Q, LRCX-Q, CTS-T, OLED-Q are stocks to buy or sell.
20% is pretty big. He never likes to have anything over 10%. If you have capital gains, which you don't want to trigger, and you still like it, write some calls. Lots of horses in the AI race. Taking profit in these mega-caps is easy, but it's harder to find a candidate to buy.
Controversial among his research team, but he's not a fan. Eventually, it will take off. Highest-paid CEO in the semiconductor business, but the worst-performing stock. 12-month price target of $41.15. Plays directly in the sandbox of NVDA and AMD. Results missed, guided lower. Price action tells you not to own.
All 3 Top Picks today play in the sandbox of 4 areas: auto, industrial, edge AI, and definitely AI infrastructure.
Processing power management and computing infrastructure. Well positioned in AI revolution, though price doesn't really reflect that. 12-month target of $45. Cyclical. Wouldn't be surprised at a pullback over the summer; pick it up here at $39, and then around $36-37.
Most of the names in UMAX are seeing downward pressure on their share prices mostly due to high debt levels and margin compression from high interest expenses. With a decline in rates, we could see several of the underlying names in UMAX bouncing higher, and we feel that this could bode well for UMAX, however, it is a covered call ETF and so its unit price will not see as large of an increase as the underlying holdings would in the event of a rebound. For an investor seeking high yield and the potential for a recovery in share price, we think this name can do well if rates continue to decline, although, due to its covered call strategy, the unit price can continue to slide from here.
Unlock Premium - Try 5i Free
12-month price target of $250. He still holds.