Trimming Google to take some profits, says Laffer Tengler Investments' Tengler

Watch on YouTube ↗  |  May 19, 2026 at 19:11  |  4:46  |  CNBC
Speakers
Nancy Tengler — CEO & CIO, Laffer Tengler Investments

Summary

Nancy Tengler discusses trimming Alphabet due to its outsized position but remains bullish long-term. She expects a market correction and is shifting focus to software stocks while adding housing plays like D.R. Horton and Walmart. She also avoids Workday, CRM, and Adobe due to their seat-based model.

  • Alphabet trimmed due to outsized holding in portfolios.
  • D.R. Horton added as a housing play.
  • Walmart held as an old economy pivot to new tech.
  • Willing to buy NVIDIA on dips to $108.
  • Shifted focus to software, adding Microsoft, ServiceNow, CrowdStrike, Palantir.
  • Avoids Workday, CRM, and Adobe due to seat-model preference.
  • Expects a market correction and is looking to add protection.
  • Remains bullish on tech and the broader bull market.
Trade Ideas
Nancy Tengler CEO & CIO, Laffer Tengler Investments 0:52
Trim Google due to outsized holding.
Google is a dominant cloud and AI provider with vertical integration, but the stock has become stretched and an outsized holding; they are taking profits by trimming, though still bullish long-term.
GOOGL HIGH
Nancy Tengler CEO & CIO, Laffer Tengler Investments 3:13
D.R. Horton as housing play.
D.R. Horton is a housing play that they added to their 'six for 26' strategy as a way to participate in the housing market.
DHI MED
Nancy Tengler CEO & CIO, Laffer Tengler Investments 3:26
Walmart pivoting to new technologies.
Walmart is an old economy company successfully pivoting to new technologies, which they have owned for six years and continue to hold.
WMT MED
Nancy Tengler CEO & CIO, Laffer Tengler Investments 3:35
Buy NVIDIA at $108 dip.
NVIDIA is a leader in AI and tech still leads, but they would only buy more if the stock dips to around $108 per share, as they did during the Deep Sea selloff.
NVDA MED
Nancy Tengler CEO & CIO, Laffer Tengler Investments 3:47
Shift to software, adding leaders.
They have shifted their focus to software, expecting the market to move back in that direction, and are adding Microsoft, ServiceNow, CrowdStrike, and Palantir as leading software names.
CRWD NOW PLTR MSFT HIGH
Nancy Tengler CEO & CIO, Laffer Tengler Investments 4:34
Avoid seat-model software stocks.
They exited Workday, Salesforce (CRM), and Adobe because they dislike the seat-based software model and prefer companies with vertical integration stacks.
ADBE CRM WDAY MED
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This CNBC video, published May 19, 2026, features Nancy Tengler discussing GOOGL, DHI, WMT, NVDA, CRWD, NOW, PLTR, MSFT, ADBE, CRM, WDAY. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Nancy Tengler  · Tickers: GOOGL, DHI, WMT, NVDA, CRWD, NOW, PLTR, MSFT, ADBE, CRM, WDAY