Last Chance to Buy these 2 Stocks‼️
Summary
Jeremy's main thesis is that the market's transition into 'extreme fear' is the ideal time for investors to be greedy, specifically those in their 20s to 40s who are still in the accumulation phase. He highlights that the NASDAQ is approaching its longest losing streak since 2022, but notes that this creates 'trash man' opportunities where he can pick up discarded but valuable companies. Jeremy observes that SaaS stocks like Adobe and Salesforce are beginning to show relative strength, potentially signaling they will lead the market out of the current bearish trend as they were the first to enter it.
Regarding his personal strategy, Jeremy has increased his buying activity to $3,000 per week in his public account and plans to continue aggressive buying for the next 6 to 18 months depending on market recovery speed. He dismisses geopolitical tensions in the Middle East and oil price shocks as short-term noise that individual stock pickers should use to their advantage. He emphasizes focusing on individual valuations rather than trying to perfectly time the market bottom.
Mentioned Stocks
Reasoning: The stock is significantly beaten down, trading near $51. Jeremy believes the US business has bottomed and sees a massive potential bounce of 10-20% if China results show improvement in the upcoming earnings report.
Reasoning: Jeremy notes that Micron is down over 30% recently despite stellar earnings. It is trading at a forward P/E of roughly 4, which he finds ridiculous for a company making this much money, though he cautions about the cyclicality of the AI build-out.
Reasoning: Jeremy views Whirlpool as a contrarian play on the housing market. He likes to buy when no one cares about a stock, and with housing sales at historical lows, he is eyeing an entry point in April.
Reasoning: Adobe is mentioned as a SaaS stock showing relative strength versus the NASDAQ over the last 5 days, suggesting it might lead the market out of the current bearish cycle.
Reasoning: Down 77% over 5 years. Jeremy considers it a high-end housing play and states he will likely start a position in April if the stock remains weak after earnings and shows continued profitability.