Today, The Panic-Proof Portfolio (Stockchase Research) and Kim Bolton commented about whether MNDY-Q, GOOG-Q, ORCL-N, CRWD-Q, TER-N, CLS-T, ADBE-Q, CRM-N, AMZN-Q, SNPS-Q, MU-Q, CSU-T, QBTS-N, QBTS-N, IONQ-N, RGTI-Q, ALAB-Q, ANET-N, U-N, EMA-T, URB-T, URB.A-T, DE-N, TVK-T, TLT-Q, NVDA-Q, ONEX-T are stocks to buy or sell.
The Mag 7's multiples are high, but it gives an opportunity to trim some shares. They are the Kings of the market, not just in tech. They deserve these higher multiples going forward, not over-valued. In his AI ecosystem, companies like Nvidia, AMD, MSFT and Amazon lie at the foundational centre, providing the hardware and infrastructure to make necessary machine-learning. The next layer includes IBM Watson and Azure Machine, which provide the training and managing of the ML models. The next layer includes Adobe, Netflix and Palantir, which are the application service providers, which use the ML technology to deliver this across industries and to customers. Overall, this is where people make money in ML while they wait for the large language models to come.
We reiterate ONEX as a TOP PICK. Recently reported earnings showed growth again in cash reserves as the company bought back shares. Its structured credit business closed on 23 transactions, raising over $5 billion in new fee generating business. It trades at 9x earnings and under book value. We recommend trailing up the stop (from $89) to $108, looking to achieve $145 -- upside potential of 27%. Yield 0.2%
(Analysts’ price target is $1450.00)