On Ausbiz I covered Buy Hold or Sell: Nike, ASML, Micron Tech, JNJ, Constellation Energy, John Deere, Crowdstrike, Eli Lilly, Duolingo, Tesla, JP Morgan
It was great to be on Ausbiz, 'the call, with Ted Alexander from BML Funds and Nadine Blayney today.
I was asked about my thinking on the mentioned 11 US stocks. I presented a brief summary of my deep research dive, looking at company fundamentals and technical indicators, while considering macroeconomic policy, trends, government stimulus, clean energy tailwinds, diminishing US consumer spending power, and other economic factors. I also considered consensus ratings. Below is a snapshot of some key takeaways:
JP Morgan $JPMorgan (JPM.US)$: Given JPM's shares are up 20% YTD and they report Friday, you may want to consider taking profits given US employment is expected to decline and US borrowing continue to sag.
Nike (NYSE: $Nike (NKE.US)$ ). Consumer spending proxy. I prefer Lulu Lemo $Lululemon Athletica (LULU.US)$. But if you like buying stocks for the long-term, then Nike could be worth a look.
ASML (NASDAQ: $ASML Holding (ASML.US)$). I think this could be an accumulate stock for many, but maybe look for pullbacks to buy.
Johnson & Johnson (NYSE: $Johnson & Johnson (JNJ.US)$). I'd be more inclined to buy Novo Nordisk given Novo's growth estimates.
John Deere (NYSE: $Deere (DE.US)$ ). Yes, it's cheap, but cheap for a reason. It's a bit of a proxy for pain in the agricultural industry. I like that it was an early adopter of AI in agriculture, but farmers are feeling the pinch and are reluctant to spend on new AI-driven tractors, for example. I would not be interested in Deere here. Maybe in a few years or ahead of revenue growth in 2025?
Constellation Energy (NASDAQ: $Constellation Energy (CEG.US)$ ). Amazon and other mega tech hyperscalers are looking to buy and are buying clean energy directly from CEG. So I like this company. Maybe look for opportunities to potentially accumulate if this is a company that interests you, given it's generating most of the US' clean energy needs.
Crowdstrike (NASDAQ: $CrowdStrike (CRWD.US)$). A key winner in the AI pivot and the US government's push for firms to use cybersecurity. I would look for pullbacks to buy in, as it's growing earnings more than peers and could be seen as expensive to some. It's worth a look given its market-leading position.
Micron (NASDAQ: $Micron Technology (MU.US)$ ). Consider looking for pullbacks to buy in. But to be honest, I do prefer Nvidia for investing in the theme of AI/chips.
Eli Lilly (NYSE: $Eli Lilly and Co (LLY.US)$ ).I am a fan of this company. Accumulate if you want to be exposed to a company that’s looking to quash Alzheimer's.
Duolingo Inc (NASDAQ: $Duolingo (DUOL.US)$). This is a stock to watch. Small to mid-cap, with earnings expected to grow 38%.
Tesla (NASDAQ: $Tesla (TSLA.US)$ ). I am looking for positive catalysts with results when they reportearnings July 23.
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