Goldman Sachs conviction list.
Here are my insta reactions
1) $CLS we own this. It had gone parabolic and was over priced, but in recent weeks it is attractive again and we own it
2) $MSFT we own this but trimmed it after the sharp rally.
GS a bit late to this, but it is a
Broadcom intends to do a ‘double double’ on networking revenue the next few years.
The growth we are seeing for companies of this size is astounding.
Hyperscalars will swap labor costs for token costs and keep the demand going.
TIME TO GO SHOPPING?
I have been complaining about the nutso valuations in Industrials for most of this year now.
The good news is a lot of the excess froth has been reset.
There are good pickings out there.
And, in semis there are especially good opportunities now.
Broadcom
Google is reaching out to Disney to license their IP characters for AI.
I had made the same suggestion to Disney three years ago.
It’s a shame that an iconic American brand is so poorly run.
In the age of AI, the IP value around Digital Avatars is significant.
We’re going
Stocks are offering bargains today.
I bought a daycare company: Bright Horizons. $BFAM.
Bought a global leading insurance company that sold off due to a recent M&A tx: $AON
and an online education company focused on nurses: $APEI
The datacenter cancellation risk story will
One of the firms with the fastest growing earnings in the world, and with a lower total cost of compute ownership, is cheaper than the S&P 500.
Why did Nvidia lag other semis?
My read is $NVDA became the 'funding leg' for various long memory names.
In the same way that
‘Tomorrow after $NVDA reports it may have a lower forward PE than the S&P itself’
Since Revenue growth is revising higher from 40% to 70% now, that is absolutely going to happen now.
It’s not a bubble if the most recognize AI name is cheaper than the index.
That’s a wall of
