Latest Stock Buy or Sell? Make More Informed Decisions!

Today, Joe Terranova and Stephen Weiss, Founder, Short Hills Capital Partners commented about whether GOOG, GLD, MU, 000660.KS, AVGO, PFG, ECL, CRWD, FCX, SPG are stocks to buy or sell.

BUY

In real estate, SPG stands out with a generous share buyback program and making strategy buys of other companies. Is best of breed on malls RE.

SELL

He sold it. It hit a high for the year on June 17. Materials, including gold and copper, have been selling off.

BUY

Cloud services are using a lot of cybersecurity names, which reported good earnings. CRWD's balance sheet continues to improve.

DON'T BUY

Is up 6.3% this year. Is in a volatile sector and the stock lacks momentum. 

BUY

Is the best-performing financial stock in his ETF: strong balance sheet, revenue growth, life and health insurance businesses are strong.

DON'T BUY

Five of the last six quarters, the name has been down. 90% of analysts like this stock. The price target has jumped from $700 to nearly $1,200 in 30 days. It is priced for perfection.

DON'T BUY

20% of S&P gains this year are attributed to Micron. But at some point it stops growing at 294% and must moderate in coming years. It doesn't mean this story ends, though. If Korean's SK Hynix trades in the U.S. in July; the company has a large slice of the market share and will impact Micron.

BUY

He's long this name despite last Tuesday when they suggested they may be a seeing a slowdown in orders.

SELL

He sold a third of his holding on Monday and today. His position got too large. Everyday, analysts kept raising the price target. It's not a growth stock. Selling at 10x 2027 earnings is not cheap. 

SELL

Wants to sell. Expects major downside in GLD. He keeps waiting for a pop, but this hasn't come. GLD is -11% in the past month. Gold was such a momentum trade.

BUY

They join the Dow on Monday which will give it a brief bounce. Key staff leaving hurt the stock earlier this week. Likes GOOG a lot. 

COMMENT

There's been hyper-demand for this and related stocks. At some prices, these high share prices have to come down, take a breather, and that's fine. Long term, there's plenty of life here.

DON'T BUY

Data is soft: new home sales below estimates and home supply the highest since 2022. This suggests home prices will fall, which 

BUY

The yield curve will steepen with the short end coming down which will spur capital markets activity.

COMMENT
Iran-related volatility over?

Yes, unless it isn't ;  Depends what the post from Truth Social is at 3 am. The most likely scenario is that we're through this particular bizarre phase. Whatever "exogenous shock" is going to hit the market probably won't be Iran, but could be something totally different. There will be a bit of a hangover in the markets, just because after these traumatic events everyone's on a sort of mental high-alert.

Energy prices will probably continue to come down. Neither the US nor the president has any appetite to renew hostilities with Iran, as Trump really is looking down the barrel of the midterm elections. A lot of what happens in US foreign and domestic policy, as well as monetary policy, will be governed by the looming elections in early November. Those could determine whether Trump can continue to run things the way he has been, and he's going to do everything possible to achieve his desired outcome.