Today, Jenny Harrington, CEO, Gilman Hill Asset Management and Kevin Simpson commented about whether V-N, NVDA-Q, SOLV-N, UBER-N, SLG-N, NNN-N are stocks to buy or sell.
Not sure if this news is a huge positive for GM, but it affirms that driverless cars are a serious thing. Uber is expensive at 40x PE, but has 40% earnings growth forecast and mints free cash flow at 4.5% free cash flow yield. She's keep holding this.
They report Tuesday. She'd be surprised if their numbers weren't great. In all recent calls, the hyperscalers announce they are increasing capex in AI. Also, AMD has great numbers and confirmed this continued spend that NVDA probably will. She expects NVDA to have a massive beat and guide higher. She would be shocked if they didn't.
They report Tuesday. Expectations are high. He expects 100% or more in revenue and 130% in earnings. It's entirely possible that they report 132% and not 137% and the market responds by slashing 10% of the share price. NVDA is highly sensitive in the short term, but NVDA has reported 6 straight quarters of sales and earnings beats and raised guidance every time. markets have been waiting for this company to have a misstep, so if you've been waiting for this the past 6 quarters, it has not been fun seeing shares go higher. NVDA is entering the report 9% off its highs and as much as 27% recently. The stakes are high for the overall market. Their big customers--Microsoft and Meta--none of them in their conference calls announced they were cutting AI chip spending. None. They are the ones to listen to. He wouldn't buy NVDA now, though.
Earlier this year, Elon Musk spoked the ride-share sector when he promised to then failed to unveil robo-taxis. For driverless taxis to work, you need mass demand which Uber has with its base of subscribers--Uber can fill these cards with riders. So this is a tremendous opportunity for Uber, though won't impact near-term earnings. It currently trades at a 32x forward PE (38x actually) with 30% forecast EBITDA, which sounds right. That forward PE is the lowest since Uber became profitable. RSI is 63 now, not overbought despite rallying. This will go north.
J.Powell indicating lower interest rates in Jackson Hole. As a result, market has responded favorably. However, if markets feel rates are cut due to weak economy, stocks may fall. Appears markets are heading towards a soft landing. If anything, investors might be in for a stronger than expected economy (higher inflation). Regardless, positioning investments towards growth in tech (Apple,Amazon, Meta, Google). Also diversifying into healthcare and industrial sector etc.
Pays a 5% dividend yield with decent earnings ahead.