DON'T BUY

It's been badly pounded recently, down 20% in a single day. It has a lot of cash, but the company is in terminal decline. If you own it, buy it on a dip, then trade, or sell covered calls. At best, this is a trade, not an own.

WAIT
AMD vs. Nvidia

Based on three previous dips in Dec. 2018, Q1-2020 and 2022, a two-day trend is not a sell-off. In 2022, NVDA corrected 70%. There's a lot going on geopolitically, namely the US election, so wait and see. The problem with NVDA is it's heavily traded--everybody loves. AMD is safer with less volatility. For a trade, buy NVDA on a dip, but he's sitting on both names now, waiting.

BUY
AMD vs. Nvidia

Based on three previous dips in Dec. 2018, Q1-2020 and 2022, a two-day trend is not a sell-off. In 2022, NVDA corrected 70%. There's a lot going on geopolitically, namely the US election, so wait and see. The problem with NVDA is it's heavily traded--everybody loves. AMD is safer with less volatility. For a trade, buy NVDA on a dip, but he's sitting on both names now, waiting.

DON'T BUY

Because of Beijing's flip-flops towards Chinese companies, anyone who has owned BABA has taken a beating. Too risky, despite it being a great company.

TRADE

Very volatile, reflecting the semis industry. Every 2-3 years, there's a big dip which you buy, then the shares run. MU is a good company, but he prefers something like ADI. It's a good trade stock, though.

PAST TOP PICK
(A Top Pick Jul 31/23, Down 51%)

He sold it last February. When he bought it was down 50% on the Mansanto litigation. He dumped up, classic risk management.

PAST TOP PICK
(A Top Pick Jul 31/23, Down 25%)

He was expecting Chinese investing stimulus in Q3, but it didn't happen. So, he sold this. You must have sell discipline.

PAST TOP PICK
(A Top Pick Jul 31/23, Up 34%)

It's a rate story, so lower interest rates will push this further. Pays a high dividend of 4.5%. Will hold it long term.

DON'T BUY

It reported over a week ago and was hit hard. A quality company that enjoys demand for its chips. There will be more correction in semis. Careful to enter this.

BUY ON WEAKNESS

Will benefit from non-leading edge technology for China; demand for semi equipment will continue. He prefers ASMl

BUY ON WEAKNESS

Has a solid, long-term track record and has done well for him. Luxury goods weather recessions well; the rich get richer in recessions.

SELL
The caller is way down

Sell it. Take the loss and re-deploy capital. Don't catch a falling knife.

DON'T BUY

Even now, there are too many cockroaches in this story. Other industrials, like Honeywell, are better.

DON'T BUY

The problem is is that this is in so many ETFs, so there are no sellers. If you own this and have done well, great, but there is more upside elsewhere.

BUY

It's the Kiwi version of Brookfield, investing in infrastructure around the world. Based in New Zealand; there and in Australia it has an advantage in these assets, so good if this is a place you are targeting. The currency exchange CAD is decent. Has a good track record. Nothing he would buy though.