Buzzberg Cup Live

A critical week for stocks: Your next move

Watch on YouTube ↗  |  July 13, 2026 at 17:53  |  8:28  |  CNBC
Speakers
Joe Terranova — Senior Managing Director, Virtus Investment Partners
Stephanie Link — Chief Investment Strategist, Hightower
Jim Lebenthal — Partner, Cetera Investment Management

Summary

The Investment Committee discusses market rotation, Apple hitting all-time highs, and key earnings. Joe Terranova sees Apple as a long-term leader but near-term extended; Stephanie Link is bullish on Apple's AI upgrade cycle and safe cash flow. Jim Lebenthal holds Micron on a CHIPS Act catalyst, while Stephanie Link adds to Amazon and initiates NVIDIA on attractive valuation. The panel emphasizes sticking to investment style amid fast rotations.

  • Apple hits new all-time high, panelists bullish on AI upgrade cycle and buyback.
  • Joe Terranova sees tactical buying opportunity in Apple after earnings, citing rotation within semis.
  • Stephanie Link highlights Apple's positive cash flow and safety in a spending-heavy tech environment.
  • Stephanie Link initiated NVIDIA position at 18x forward earnings, citing revenue growth and software moat.
  • Stephanie Link added to Amazon, sees more upside.
  • Jim Lebenthal bought Micron recently, citing CHIPS Act anniversary and future capital returns.
  • Panel advises sticking to individual investment styles amid rapid sector rotations.
  • Oil rises on Iran tensions but no trade ideas directly discussed.
Ideas
Joe Terranova Senior Managing Director, Virtus Investment Partners 1:01
Long Apple, buy after earnings
Apple was behind on AI but now believed to get it right, leading to a robust upgrade cycle, supported by new products like a foldable phone. The company raised prices, demand is strong, and it has positive cash flow and a large buyback, making it a safe, low-volatility play in a spending-heavy tech environment. Investors want to hold it through cycles.
AAPL HIGH
Jim Lebenthal Partner, Cetera Investment Management 5:21
CHIPS Act catalyst, capital returns
Bought Micron over the past three weeks, building a ~3% position. The upcoming anniversary of the CHIPS Act will allow Micron to start returning capital to shareholders – a fundamental catalyst. He is holding through near-term volatility and believes Micron will do fine over the intermediate to long term.
MU HIGH
Stephanie Link Chief Investment Strategist, Hightower 7:22
Cheap valuation, dominant GPU leader
NVIDIA is attractively valued at 18x forward estimates, with revenue growing ~80%, mid-70s gross margins, and free cash flow doubling. It holds 97% of the GPU market and has hard-to-replicate proprietary software, making it a compelling buy despite some competition.
NVDA HIGH
Stephanie Link Chief Investment Strategist, Hightower 7:43
Added to Amazon, more upside
Added to Amazon because valuations have come down in the mega-cap tech space, and she sees more upside in the stock.
AMZN LOW
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This CNBC video, published July 13, 2026, features Joe Terranova, Jim Lebenthal, Stephanie Link discussing AAPL, MU, NVDA, AMZN. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Joe Terranova, Jim Lebenthal, Stephanie Link  · Tickers: AAPL, MU, NVDA, AMZN