Yes we are in an AI bubble - but it's more about how much money you can make vs. is it too late to get in? You just have to get out before the bubble bursts.
$SPY and $QQQ look good - should you buy $TQQQ
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NOTES
$spy was turned back from $420 again
Look at long term $qqq
Josh Brown said a great thing yesterday on CNBC with lunch time - he said “we’re starting out the show looking at Whirlpool when the real money to be made is in AI stocks. Whirlpool - what are we in the 1950’s thinking washing machines will lead the revolution?”
Chatgpt is now an app on iOS and soon coming to android (android is a mess for developers) - this could be the start of a super app that now has all your information and can be a travel agent, personal assistant or even a content creator on your phone.
It has a danger of cutting in to google search if people choose to use it
Foot locker - $FL who’s been in a foot locker lately? Seriously
$ET - big insider buy from Exec chairman for $12m and #6 on David Teppers top picks for 2023
Winners
$UBER - almost at $40
$SNOw - still going up
$NVDA - still going nuts
$QCOM - Jim Lebenthal bought more - when will handsets come back and they get their pop?
$RBLX - at $41
$GOOG has been on fire
Losers
$CLF - $15 may be bottom but pre pandemic it was an $8 stock
$PYPL - If it gets to $50’s, I still like it
$DIS - at $92 it might be good for long term, but they will have debt problems if they buy Hulu - but they will launch at some point an espn streaming app which is huge … it won’t happen soon but they announced it will. Plus they stopped expanding in Florida …. Saving them money and internal issues with employees not wanting to move - it’s a win win for them and an absolute loss for desantis
$PXD - almost under $200 again
$UNH - healthcare as a whole can’t catch fire at all
$PANW - under $200 again
$SEDG under $300 again
$baba - I think this one could go back to $100 and the valuation is crazy cheap . They brought up a bunch of ai in their call
$nflx - way up on ad tier success
$tsla autopilot on my trip
$bbwi - crazy move
$kold and $boil moves
52 week highs
$crm
$msft
$uber
$bkng
$cmg
Got paid $aapl dividend yesterday so I did buy at $173 again - it’s 4 figure buys each time so reinvesting the dividends does mean usually I’m buying at peaks
$ftch - earnings pop - only the revs beat
$mrna for Paul on fb
With big tech running - maybe trim some and rebalance with some sectors that have run ability
$goog - should you trim for Joe on fb?
Stephan from Instagram - hello Tokyo
Hey Gary, you had briefly mentioned a few days ago, that in taking some of your profits, one should be trimming from their ongoing all-time high stocks.
With MSFT, APPLE, coming back around, would you advice the same looking at these particular long term investment stocks ?
Thanks for your quick feedback.
Stephan from Tokyo
SCANS
$MSFT
$XOM
$SPG
$CVX
$UDOW
$VIG
$XLB
$ARKF
$INTC
$HON
$ABNB
$CMCSA
$GM
$SBUX
$TMO
$MA
