Today, Brian Madden and Bill Baruch, Founder, Blue Line Capital commented about whether TSLA-Q, LNG-A, DELL-N, CRWD-Q, SPY-N, NVDA-Q, BMO-T, NTR-T, ATZ-T, CSH.UN-T, NVDA-Q, DFY-T, CNQ-T, POOL-Q, HSY-N, NKE-N, BIR-T, UNH-N, CSU-T, ATD-T, LII-N, AVGO-Q, BBD.B-T are stocks to buy or sell.
Owns shares and will continue to hold. Strong brand name with oligopoly (6 banks in Canada). Very steady profits and solid customer base. Not overly exposed to rising interest rates. Recent M&A continues to go well. Share price weakness a good time to buy. Dividend very safe, and expected to rise. Also a moderate rate of capital gains. Would recommend buying.
He did a put spread on May 2, the 500-520 end of July put spread. He wasn't concerned about NVDA or tech, but to the market's reaction broadly to Nividia's earnings. Rally broadening in the S&P had not happened. You're limiting your downside with a spread. He bought back the 500 put, which leads him long only the 599 outs.
Does not own shares. Quality merchandise and corporate strategy, however waiting for share price to fall before buying. Also, waiting to see how management executes in the next few quarters. Better options for investors in the markets.