Calls
34
#170
Alpha Score 87.6
Ed Yardeni
President, Yardeni Research
Win Rate
58.8%
return
+5.4%
Loading charts...
Ticker
Side
Mentions
First Call
Call Price
P&L
Thesis
Theme
Source
Long
Feb 06
$690.62
+10.7%
While the tech giants fight, the rest of the market (the "Impressive 493" and the Dow Jones Industrial Average) is performing extraordinarily well. The $650 billion being spent by the hyperscalers flows directly into the revenues of other companies. Building data centers requires 500 to 1,000 different vendors—including steel, concrete, wiring, and power. This acts as a massive economic stimulus, boosting GDP to ~5% and lifting the earnings of industrial and broader market companies. The Dow Jones is hitting record highs, and the economy has remained resilient despite high interest rates and inflation. A potential realization that the AI capital spending will not be profitable could eventually hurt the broader sentiment.
While the tech giants fight, the rest of the market (the "Impressive 493" and the Dow Jones Industrial Average) is performing extraordinarily well. The $650 billion being spent by the hyperscalers flows directly into the revenues of other companies. Building data centers requires 500 to 1,000 different vendors—including steel, concrete, wiring, and power. This acts as a massive economic stimulus, boosting GDP to ~5% and lifting the earnings of industrial and broader market companies. The Dow Jones is hitting record highs, and the economy has remained resilient despite high interest rates and inflation. A potential realization that the AI capital spending will not be profitable could eventually hurt the broader sentiment.
Equity Indexes
Long
Feb 06
$455.46
-12.5%
Yardeni observes that "Happy days are here again" and investors are buying everything, specifically highlighting Gold and Bitcoin alongside stocks. The combination of massive corporate spending (stimulus) and large government tax refund checks is creating a liquidity-rich environment. This money is flowing into alternative assets, driving prices up across the board. Both asset classes are performing "extremely well" in the current environment. Not explicitly mentioned, but generally tied to liquidity drying up or a shift in economic sentiment.
Yardeni observes that "Happy days are here again" and investors are buying everything, specifically highlighting Gold and Bitcoin alongside stocks. The combination of massive corporate spending (stimulus) and large government tax refund checks is creating a liquidity-rich environment. This money is flowing into alternative assets, driving prices up across the board. Both asset classes are performing "extremely well" in the current environment. Not explicitly mentioned, but generally tied to liquidity drying up or a shift in economic sentiment.
Commodities
Long
Mar 18
$593.13
+20.6%
Recommended underweighting the Magnificent 7 in early December when they traded at a 31x P/E multiple. Has now moved back to a market weight position as the multiple has fallen to 25x. The significant derating (from 31x to 25x) makes these "phenomenal growth companies" more attractive on a valuation basis within the context of his resilient earnings and economic outlook. The valuation reset presents a more favorable entry point for these core growth leaders. A recession that leads to both lower earnings (E) and a lower valuation multiple (P/E), resulting in a bear market.
Recommended underweighting the Magnificent 7 in early December when they traded at a 31x P/E multiple. Has now moved back to a market weight position as the multiple has fallen to 25x. The significant derating (from 31x to 25x) makes these "phenomenal growth companies" more attractive on a valuation basis within the context of his resilient earnings and economic outlook. The valuation reset presents a more favorable entry point for these core growth leaders. A recession that leads to both lower earnings (E) and a lower valuation multiple (P/E), resulting in a bear market.
Equity Indexes
Long
Feb 26
$52.50
+9.1%
He notes Financials have been "beaten down of late because of the AI fears" but cites Jamie Dimon (JPM) expecting to spend $20 billion on tech/AI. The market fears AI will disrupt banks, but Yardeni argues AI is a tool that large incumbents will use to become "more productive." Therefore, the sell-off is an opportunity to buy the beneficiaries of AI adoption in the financial sector. LONG. Regulatory hurdles or slower-than-expected AI integration in legacy banking systems.
He notes Financials have been "beaten down of late because of the AI fears" but cites Jamie Dimon (JPM) expecting to spend $20 billion on tech/AI. The market fears AI will disrupt banks, but Yardeni argues AI is a tool that large incumbents will use to become "more productive." Therefore, the sell-off is an opportunity to buy the beneficiaries of AI adoption in the financial sector. LONG. Regulatory hurdles or slower-than-expected AI integration in legacy banking systems.
Thematic ETFs
Long
Aug 07
$164.45
+0.6%
The bull market is broadening, so Yardeni Research has moved technology and communication services to market weight while overweighting financials, industrials, and healthcare. These sectors will benefit from catch-up as AI and digital technologies diffuse across the economy, boosting productivity outside of tech.
Thematic ETFs
Long
Apr 02
$135.92
+38.1%
States the tech comeback "absolutely" has legs and that tech got "relatively cheap again." Cites the P/E multiple falling from ~31 to 25, even hitting 22. The significant de-rating in valuation (P/E compression) after his prior call to underweight the sector (on Dec 7) has created a more attractive entry point. The valuation reset provides a foundation for renewed outperformance in the technology sector. A broader market sell-off that leads to further multiple compression beyond recent lows.
States the tech comeback "absolutely" has legs and that tech got "relatively cheap again." Cites the P/E multiple falling from ~31 to 25, even hitting 22. The significant de-rating in valuation (P/E compression) after his prior call to underweight the sector (on Dec 7) has created a more attractive entry point. The valuation reset provides a foundation for renewed outperformance in the technology sector. A broader market sell-off that leads to further multiple compression beyond recent lows.
Thematic ETFs
Long
Feb 11
$88.06
-8.1%
Yardeni observes that despite the stock market rising, bond yields are holding steady (around 4.2%) and Gold is moving higher toward $3,000+. Investors are taking profits from the tech/AI run-up and "rebalancing" into defensive assets (Gold and Bonds) to find "AI Immunity." LONG. The "Galloping Horse" economy (stimulus + rate cuts) combined with a desire for non-AI correlated assets favors hard assets and sovereign debt. A resurgence in inflation could hurt nominal bond returns; Gold is technically overbought in the short term.
Yardeni observes that despite the stock market rising, bond yields are holding steady (around 4.2%) and Gold is moving higher toward $3,000+. Investors are taking profits from the tech/AI run-up and "rebalancing" into defensive assets (Gold and Bonds) to find "AI Immunity." LONG. The "Galloping Horse" economy (stimulus + rate cuts) combined with a desire for non-AI correlated assets favors hard assets and sovereign debt. A resurgence in inflation could hurt nominal bond returns; Gold is technically overbought in the short term.
Bonds & Rates
Long
Aug 07
$184.76
-6.7%
The bull market is broadening, so Yardeni Research has moved technology and communication services to market weight while overweighting financials, industrials, and healthcare. These sectors will benefit from catch-up as AI and digital technologies diffuse across the economy, boosting productivity outside of tech.
Thematic ETFs
Long
Feb 26
$55.05
+18.4%
Yardeni asks, "Why not go with the flow and go into Energy, Materials, Consumer Staples. Those have all done well." Given the uncertainty of how the AI trade plays out ("there's a lot we don't know"), investors should seek safety in sectors that are currently performing well and offer defensive or inflation-hedging characteristics. LONG. A recession could hurt cyclical sectors like Energy and Materials; Staples may be sensitive to rates.
Yardeni asks, "Why not go with the flow and go into Energy, Materials, Consumer Staples. Those have all done well." Given the uncertainty of how the AI trade plays out ("there's a lot we don't know"), investors should seek safety in sectors that are currently performing well and offer defensive or inflation-hedging characteristics. LONG. A recession could hurt cyclical sectors like Energy and Materials; Staples may be sensitive to rates.
Thematic ETFs
Long
Aug 12
$99.80
-4.8%
As AI technology advances and becomes smarter, the need for cybersecurity protection will increase significantly, leading to a comeback in cybersecurity stocks that had previously fallen out of favor.
Thematic ETFs
Long
Jul 08
$575.39
-1.3%
The rally in semiconductors has been an earnings-led melt-up rather than a valuation-driven FOMO event, and the current sell-off represents a buying opportunity rather than a reason to panic, because earnings have justified the gains and downside is more limited than in a typical valuation bubble.
Thematic ETFs
Long
Feb 26
$150.41
+25.5%
Alongside underweighting US Tech, Yardeni recommended "going global instead of staying home" and the host notes his specific calls on "Korea." This is the other side of the Mag-7 rotation trade. As US tech valuations become stretched and competitive, capital flows should move to overseas markets which offer better value and are in earlier stages of their cycle. LONG. Global economic slowdown or strong US dollar headwinds.
Alongside underweighting US Tech, Yardeni recommended "going global instead of staying home" and the host notes his specific calls on "Korea." This is the other side of the Mag-7 rotation trade. As US tech valuations become stretched and competitive, capital flows should move to overseas markets which offer better value and are in earlier stages of their cycle. LONG. Global economic slowdown or strong US dollar headwinds.
Equity Indexes
Long
Aug 12
$106.16
-1.5%
Yardeni argues that 4-5% rates are normal and a vote of confidence, not a higher-for-longer problem, and notes record investment-grade bond market issuance is being absorbed very well, signaling healthy credit demand.
Bonds & Rates
Long
Apr 16
$62.50
+8.5%
Emerging markets have opportunities due to large and growing middle classes that drive domestic consumer demand, healthcare demand, and industrial development, moving beyond commodity dependence.
Equity Indexes
Long
Apr 16
$18.07
-1.5%
Health care sector in emerging markets, particularly in China, has strong growth potential due to aging populations and increasing domestic demand for medical services and drugs.
Equity Indexes
Showing 15 of 34 calls · sorted by mentions
Choose a mentions count to open ticker posts.
Ed Yardeni has 34 trade ideas tracked on Buzzberg across 34 tickers since February 2026. Win rate 59% across 34 evaluated calls, average return +5.4%. Ranked #170 on the Buzzberg Alpha leaderboard. Most covered: SPY, GOLD, QQQ.
