BUY
Semiconductor opportunities.

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.

BUY
Semiconductor opportunities.

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.

WEAK BUY

Likes it here, but they have to prove themselves. They missed a couple of times on earnings. 12-month price target of $105.

WATCH
After last week's fiasco?

Wouldn't touch it yet. Great company. After the news broke, he sold and got out of the way. You have to let it settle, focus on all the other great opportunities out there. Transition from CRWD to a competitor is going to take months, but it will happen.

See his Top Picks.

PAST TOP PICK
(A Top Pick Jul 11/23, Up 9%)

Loves it. 12-month price target of $88.50. Buy in thirds here around $66, $63, and just under $60. This correction is happening right now. The king of edge computing, which is just starting to get rolling.

PAST TOP PICK
(A Top Pick Jul 11/23, Up 32%)At all-time highs again, as it was even at the time of the Past Top Pick.

Still in his top 5. He has about a 7% position, so he wouldn't be adding more today on the pullback. 12-month price target of $491. Strong financial performance, great innovation including AI, brand recognition. 

Reports next Tuesday. They're great, because if they miss, they telegraph it. They're not going to miss.

PAST TOP PICK
(A Top Pick Jul 11/23, Up 58%)

Also in his top 5. 12-month price target of $577, so still $100 left on the runway. Stock's not cheap; trading at 22x next year's free cashflow, which is actually pretty attractive for the space it's in. Strong free cashflow margins, great balance sheet.

BUY

He's recommended it a handful of times, and it's always blown up in his face. He owns it in a few separately managed accounts, and a couple of his analysts want him to put it in the fund. The chip coming out is going to be pretty competitive, even on price, with NVDA's.

You'll probably have to wait for Q4 of this year or Q1 of 2025, but it's a pretty good bet down here around $32. 12-month price target of $41, sweet. If everything can only come together on their new offering.

It's one of those stocks that, when you look at it on paper, it's a no-brainer. However, it all comes down to execution. Small position only.

WAIT
Estimated earnings will be at end of August.

Privacy breach. Has to earn back respect from the marketplace, because a lot of people got burned. 12-month price target of $118. Wait for earnings to come out and see if it can repair damage to its integrity.

PARTIAL BUY

Come off quite a bit today to just under $74. Price target 12 months out is $79. Tremendous respect of clients. Buy a third here at $74, another at $71-72, and the final third under $70.

COMMENT
Buy only 1/3, not a full position, on today's downdraft?

That's right, don't buy a full position today. For the kind of events like today, it takes people time to digest information. The people bailing out today are the "weak longs". There are other people out there who, instead of looking to sell, are trying to put hedges around their portfolios. 

Problem right now is that volatility is up, with the VIX around 16.5-17. A week ago it was 13.5-14. It's expensive to do the hedges.

BUY

Not very big at $8B market cap. Main product optimizes data transfer and processing within the cloud. Cornered the market. Hyper-scalers love it. Terrific place to buy. He added last Friday. 12-month price target is $90.

BUY

12-month price target of $193.60. He's been adding as it comes down. Closest competitor to NVDA. Deep pockets, ability to scale. 75% of revenue is in semis, 25% in infrastructure software. Beneficiary of US government $$ giveaway.

WAIT

Pretty good runway from today's $127. Change in CEO. Need to give it at least one quarter, and maybe another, for earnings. Customer darling, but grew too quickly for customer service to keep up.

(Analysts’ price target is $202.00)
TOP PICK

More of a Trump-tech trade. 12-month price target of $130. Defense is a big segment for them, including fire/emergency. Also access equipment. Will do very well in the US, but certainly with NATO. NATO will become a key pivot point, even with Mr. Trump. Reports next week. Yield is 1.2%.

(Analysts’ price target is $130.56)