Today, Kevin Simpson and Stephanie Link, Chief investment strategist, Hightower commented about whether GPS-N, LVS-N, FCX-N, XLE-N, PLTR-Q, WMT-N, CRM-N, META-Q are stocks to buy or sell.
All technical aspects of the markets look good - markets at all time high. Technical signals all pointing to favorable outlook. Does not have much cash - has invested heavily into the markets. Strength of markets appears favorable. Rally appears to be diversified - strength in broader section of the markets - not just "Mag 7". China and commodities appear to be presenting value. Chinese economy appears to be recovering from recent weakness, and is breaking out.
One his favourite names. The consumer will trade down to them when the economy weakens, but the stock is expensive now.