Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Kim Bolton commented about whether S-N, LHX-N, OSK-N, SNOW-N, AVGO-Q, ALAB-Q, CLS-T, OKTA-Q, INTC-Q, META-Q, MSFT-Q, MRVL-Q, CRWD-Q, SHOP-T, INTC-Q, NVDA-Q, ASML-Q, LRCX-Q, MU-Q, KLAC-Q, GOOG-Q, OTEX-T, PLTR-Q, MU-Q, ENGH-T, ESTC-N are stocks to buy or sell.
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Over 500 points, amazing. And that's a good thing. On his fund, and a lot of separately managed accounts, he had a hedge overlay on top, which means he was short the indices. So he has an underlying stock portfolio, and then a short overlay of equity indices. The short overlay was a little bit of luck, to be honest.
July, historically, is the best month of the year for the stock market and certainly for the NASDAQ. But he wanted to put on a bit of a short overlay, so he's up to about 70% short the notional value of the stock portfolio. A lot of that is put options. So when he went home last night, it was sitting in the mid-high 40s. But because the market's rolled over and volatility has gone up, those options are a lot more valuable. So in a market that's down 3%, his fund is down only around 0.2-0.3%.
The hedge overlay lets you weather down days like today.
As we go into this season of August-October, it's not very hospitable to the market. This upcoming period is going to be difficult. In his fund he has about 10% cash, so he'll add a little bit. In some of his separately managed accounts, he has 20-30% cash because he's been trimming as it went up.
It's a nasty market today, but it's worked out well for his strategies.
So many times he's been on the show and it's been difficult to find some runway in some of these stocks. But on a day like today, he loves coming on because the runway is a lot longer. There are some great opportunities, and the fundamentals haven't gone away.
He's lightened up a lot on software. The place to make $$ these days within the AI revolution is the hardware (picks and shovels). Software will come, but it's too early, maybe in a year. The whole idea of AI is that the embedded AI in the hardware is going to do a lot of the analytics itself. It will be eating the lunch of a lot of the SaaS providers.
Likes it, especially for the long term. He owns it in a few separately managed accounts. Well run, financially disciplined. Cleaned up debt. Has $200M in cash. Focus is like a mini-CSU, but doesn't have the scale yet. 40 global acquisitions over its history. 12-month price target of $36.50.
Pick it up in thirds here around $30, $28, and $26.50.
He begs to differ. One of his analysts says to "follow the smart people". Way back when they came out with OpenAI in November 2022, PLTR was the place to go because of its deep pockets. Now people follow the money, and it follows the big boys out there.
He took profit as it got close to its price target.
Other companies in the space make more sense to him. Getting into AI in a big way. Not impacted by today's market dive too much. He has a 12-month price target of $49.25. Add in thirds here around $43, $41, and $39. (Shouldn't go below $37.50.)
Last earnings beat on top and bottom lines, but not on margins (32% vs. expected 36-37%). Capex with so many companies has just ballooned, as they try to be competitive.
#3 in his fund with a 7.5% position, which is pretty big (he never goes over 10% on a single stock). Great place to buy. 12-month price target of $193. People are getting concerned about the capex, as we've seen with other companies.
Great opportunity to pick up 4 pillars. MU on the manufacturing, TSM for the foundry, LRCX or KLAC or ASML as the equipment suppliers, NVDA is a gift down here as a designer. And (he can't believe he's going to say this) even INTC; come 2025, it will be competitive with NVDA.
Great opportunity to pick up 4 pillars. MU on the manufacturing, TSM for the foundry, LRCX or KLAC or ASML as the equipment suppliers, NVDA is a gift down here as a designer. And (he can't believe he's going to say this) even INTC; come 2025, it will be competitive with NVDA.
Great opportunity to pick up 4 pillars. MU on the manufacturing, TSM for the foundry, LRCX or KLAC or ASML as the equipment suppliers, NVDA is a gift down here as a designer. And (he can't believe he's going to say this) even INTC; come 2025, it will be competitive with NVDA.
Great opportunity to pick up 4 pillars. MU on the manufacturing, TSM for the foundry, LRCX or KLAC or ASML as the equipment suppliers, NVDA is a gift down here as a designer. And (he can't believe he's going to say this) even INTC; come 2025, it will be competitive with NVDA.
