#132
Alpha Score 82.6
Brian Belski
Chief Investment Strategist, BMO Capital Markets
Ticker
Side
Mentions
Opened
Entry
P&L
Thesis
Theme
Source
Long
Apr 10
$113.92
-1.8%
Overweight communication services sector because it is a secular bull sector, with specific likes for growth and yield, and sees future streaming of sports benefiting key players.
Consumer
Long
Feb 11
$264.95
+8.3%
"We're in the process of transitioning... from a momentum multiple driven market to an earnings driven market... Other areas of the market are working: Dividend Growth, Value, Small Cap." As the bull market matures (Year 4), price appreciation will no longer come from PE expansion (hype) but from actual earnings delivery. Since Small Caps and Value have lagged, capital will rotate there as they gain earnings credibility. LONG. Focus on Dividend Growth and Small Cap sectors as the market broadens. If rates stay persistently high, Small Caps (which are rate-sensitive) may struggle to finance growth.
"We're in the process of transitioning... from a momentum multiple driven market to an earnings driven market... Other areas of the market are working: Dividend Growth, Value, Small Cap." As the bull market matures (Year 4), price appreciation will no longer come from PE expansion (hype) but from actual earnings delivery. Since Small Caps and Value have lagged, capital will rotate there as they gain earnings credibility. LONG. Focus on Dividend Growth and Small Cap sectors as the market broadens. If rates stay persistently high, Small Caps (which are rate-sensitive) may struggle to finance growth.
Macro
Long
May 29
$439.38
-3.6%
As SpaceX and AI companies become more conservative and prepare for public offerings, the play on space is Tesla, which offers a longer-term investment opportunity in the space theme.
Consumer
Long
May 19
$1092.38
-10.8%
Costco is the only name the firm likes in consumer staples, indicating it stands out as a superior holding in an otherwise unattractive sector.
Consumer
Long
May 19
$68.38
+17.0%
Delta is considered the best airline overall, making it the preferred pick in the airline industry.
Other
Long
May 19
$360.05
+4.6%
Marriott is a consumer discretionary play because the firm loves the brand and the way the company operates, making it a key holding to gain exposure to the sector while avoiding tracking error from Tesla and Amazon.
Consumer
Long
Apr 14
$147.20
+31.3%
Earnings and fundamentals support staying invested in the market, and we are fully invested in technology and communication services stocks, enjoying the rally.
AI/Semi
Long
Apr 10
$82.93
+8.0%
Prefer copper over silver and gold because of AI play and infrastructure side, while cautious on precious metals.
Other
Long
Apr 10
$314.77
+12.7%
Google (Alphabet) is a leader in communication services and AI, with smart AI spend, monetization ability, YouTube's size, and as a future sports streaming winner; contrarian buy signal last year.
AI/Semi
Long
Apr 10
$62.94
-1.4%
Overweight financials due to thematic view on big financials and small banks winning, consolidation in super regionals, deregulation, and strong earnings growth.
Fintech
Long
Apr 10
$643.22
+6.6%
Private equity and credit unwinding could create demand for small midcap public companies due to liquidity, reporting advantages, and as an alternative to private investments.
Macro
Long
Apr 10
$370.38
+15.4%
Microsoft is okay because it has been able to monetize assets over the years with a proven track record.
AI/Semi
Long
Apr 10
$102.36
-20.1%
Netflix is part of communication services secular bull and expected to be a winner in future sports streaming.
Consumer
Long
Apr 10
$188.41
+14.0%
Nvidia is the best AI company for semiconductors/chips, and should be owned over other chip makers.
AI/Semi
Long
Apr 10
$137.96
+67.1%
Oracle is okay due to strong balance sheet, cash rich, and not needing to raise money.
AI/Semi
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