BUY ON WEAKNESS

Still sells at 20x PE. Estimates keep going down, because of China--stocks that have any association with China tend to hurt. That said, if this stock reaches a 7% dividend yield, you must buy.

BUY ON WEAKNESS

It still doesn't sell at 30x PE. If the Fed cuts rates, this will earn more money than people think. Buy at $410-415.

BUY

They've missed five-straight quarters, but the most recent one beat cleanly top and bottom. Organic sales grew 3%, instead of an expected decline, for instance. Also, they shaved their full-year capital expenditures outlook, also positive. Successful brands: Woodford Reserve, Diplomatico Rum and Jack Daniels. Struggling are both tequila brands, though (too much competition in the U.S.). Overall, a good report and shares popped after the report.

WATCH

Was upgraded yesterday, surprisingly, based on expected more sales in spirits, and a cyclical, not structural decline in alcohol. Watch for DEO's guidance in February, their next report.

DON'T BUY

They're transitioning from high-end menswear to diversified apparel, like LVMH, which is why they bought Tom Ford and Thom Browne. Also, are moving big into footwear. But their execution has been uneven. Last year, they grew, but not this year at all. First 9 months of 2024, organic sales were -4%, including Thom Browne -27%. Though Asia Pacific boasts the most sales, but is that due to a soft Chinese economy or a larger structural problem. He doesn't know. Consensus sales are flat. Sales, he thinks, will bottom this year then rebound a modest 3-4% in 2025, then 5% in 2026, with high-double digit earnings growth in the next two years. He likes their strategic plan and suits, but he's not a complete believer. Has doubts.

BUY ON WEAKNESS

Have a new CEO, so give him time. Shares could be down one more leg--then buy--before it moves up.

DON'T BUY

He got cold feet on this stock, and shares then fell 44%. Now, he's still not touching it.

BUY ON WEAKNESS

He looks at its long-, not short-term outlook. Fine CEO in Larry Fink. This is a stock to buy on pullbacks.

COMMENT

Is an enterprise software stock, so hot. That said, neither buy nor sell.

DON'T BUY

Is overvalued vs. Chevron. Don't own any oil stocks, because of their high PE which limits their yields.

PARTIAL BUY

Buy some now, and if it reaches a 7.5% dividend yield, add more.

DON'T BUY

Is sliding, but it should never have gone up as much as it did--and will continue to.

DON'T BUY

Avoid, due its exposure to the auto industry which is slowing down. ON shares need to fall further before considering. Painful to say, because it's cheap now.

BUY

Shares soared 16% today after reporting. China was a key driver. Inventories and loyalty program are doing well. An excellent quarter. They bought back a lot of shares.

COMMENT

ETF inflows have reached their highest lever since 2021. History says that 7 out of the last 9 times we've had so many new highs on the S&P in a year, what happens is that the next year is on average -6%. Though, not every year. Secondly, there's lots of momentum in crypto ETFs and he's bullish.