AMD made me $2,000,000. This stock is next‼️
Summary
Jeremy provides a comprehensive analysis of his current stock watchlist, emphasizing a strategy focused on identifying 'steel deals'—companies with strong fundamentals trading at attractive valuations. He highlights a significant market disconnect where stocks like AMD and Micron are at all-time highs while 70% of the Russell 3000 remains down double digits. Jeremy believes this 'freakish' market environment allows disciplined investors to accumulate high-quality brands in cosmetics, fintech, and consumer goods that are poised for long-term dominance despite current economic headwinds.
Addressing the macro outlook, Jeremy discusses Ed Yardeni's bullish S&P 500 target of 8250 and the potential for a surprise July interest rate hike. He posits that while rising bond yields are a concern—citing 7% as a 'scary number' for equity liquidity—the underlying earnings growth of his top picks should eventually drive significant capital gains. He remains particularly optimistic about companies undergoing operational turnarounds or those with clear growth engines that Wall Street is currently mispricing due to short-term fears.
Mentioned Stocks
Reasoning: Jeremy calls Nike a 'steel deal' at current prices, though he mentions he has already added so many shares that he is personally nearly done buying.
Reasoning: Jeremy projects a base case of 35-40% CAGR, noting that 10% revenue growth and 20% net income growth should be 'easy peasy' for the energy drink company.
Reasoning: Jeremy states the stock is ready to blast to $1,000+ once investors understand Zuckerberg's high spending or once the spending is cut.
Reasoning: Jeremy considers anything under $100 a 'steel deal' and projects a 40% CAGR for the stock, believing it will eventually reach $200.
Reasoning: Jeremy believes the company is on its way to becoming a financial giant; he likes the stock under $20 and calls it a 'steel deal' under $15.
Reasoning: Jeremy loves the stock under $100 because the company's turnaround is complete and profitability is expected to skyrocket as it returns to positive revenue growth.
Reasoning: Jeremy describes this as one of the 'easiest buys' in the market due to its stable business model and modest but reliable 12% projected net income growth.
Reasoning: Jeremy is intrigued by Palantir for the first time in years, citing high growth projections of 35% revenue and 40% net income growth on average.
Reasoning: Jeremy believes the stock will exit the year at $5 or more regardless of market conditions because of improved margins and business focus.