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2. FedEx Freight
“We like FedEx Freight because the business, as brother JB Hunt would tell you, is finally getting out of a bruising downturn … I’m sorely tempted to buy more.”
3. Home Depot
“And then there’s the stock that lies in the fate of Fed Chairman Kevin Warsh: Home Depot. The one that I thought would be at $400 with some rate cuts and not $300 with some rate hikes. It hasn’t lost its ability to make a lot of money."
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Just sat down with Bing West on his new book. A required reading if you care about how our military operates today. West has spent decades embedded with troops on the ground, and it shows. Highly recommend picking up a copy. 📖🇺��
But this time it should be quite obvious that one or two big portfolio managers are blowing up taking with them all the margined players in tech: Sandisk, AMD, Intel, Arm and so many others. The great tech unwind
The move into Coca Cola, Pepsico and P&G today was right out of the third week of April of 2000. We have to get this unwind done. It's brutal, vicious and there's a lot of stock that can still go to "quality" stocks with good balance sheets but little growth
There will always be another Deep Seek. But the one thing that has become consistent is the ingrained lack of trust between the two countries. I don't care who you hire--CrowdStrike, Palo Alto, you have to be a first class idiot to let China have any of your data, even your name.
Go and read Cat 5, by Bing West, our nation's foremost military strategist--and great thinker--you are trading with the enemy. You are saving money by giving up cyber protection. Penny wise, yuan foolish...