The AI Bubble - 5-19-23 Market update

Yes we are in an AI bubble - but it's more about how much money you can make vs. is it too late to get in? You just have to get out before the bubble bursts.

$SPY and $QQQ look good - should you buy $TQQQ 

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NOTES

$spy was turned back from $420 again 

Look at long term $qqq

Josh Brown said a great thing yesterday on CNBC with lunch time - he said “we’re starting out the show looking at Whirlpool when the real money to be made is in AI stocks. Whirlpool - what are we in the 1950’s thinking washing machines will lead the revolution?”

Chatgpt is now an app on iOS and soon coming to android (android is a mess for developers) - this could be the start of a super app that now has all your information and can be a travel agent, personal assistant or even a content creator on your phone. 

It has a danger of cutting in to google search if people choose to use it 

Foot locker -  $FL who’s been in a foot locker lately? Seriously 

$ET - big insider buy from Exec chairman for $12m and #6 on David Teppers top picks for 2023

Winners

$UBER - almost at $40

$SNOw - still going up

$NVDA - still going nuts

$QCOM - Jim Lebenthal bought more - when will handsets come back and they get their pop?

$RBLX - at $41

$GOOG has been on fire

Losers

$CLF - $15 may be bottom but pre pandemic it was an $8 stock

$PYPL - If it gets to $50’s, I still like it

$DIS - at $92 it might be good for long term, but they will have debt problems if they buy Hulu - but they will launch at some point an espn streaming app which is huge … it won’t happen soon but they announced it will. Plus they stopped expanding in Florida …. Saving them money and internal issues with employees not wanting to move - it’s a win win for them and an absolute loss for desantis 

$PXD - almost under $200 again

$UNH - healthcare as a whole can’t catch fire at all 

$PANW - under $200 again

$SEDG under $300 again 

$baba - I think this one could go back to $100 and the valuation is crazy cheap . They brought up a bunch of ai in their call 

$nflx - way up on ad tier success 

$tsla autopilot on my trip 

$bbwi - crazy move 

$kold and $boil moves 

52 week highs 

$crm

$msft

$uber 

$bkng

$cmg

Got paid $aapl dividend yesterday so I did buy at $173 again - it’s 4 figure buys each time so reinvesting the dividends does mean usually I’m buying at peaks 

$ftch - earnings pop - only the revs beat 

$mrna for Paul on fb 

With big tech running - maybe trim some and rebalance with some sectors that have run ability 

$goog - should you trim for Joe on fb? 

Stephan from Instagram - hello Tokyo 

Hey Gary, you had briefly mentioned a few days ago, that in taking some of your profits, one should be trimming from their ongoing all-time high stocks.

With MSFT, APPLE, coming back around, would you advice the same looking at these particular long term investment stocks ?

Thanks for your quick feedback.

Stephan from Tokyo

SCANS

$MSFT

$XOM

$SPG

$CVX

$UDOW

$VIG

$XLB

$ARKF

$INTC

$HON

$ABNB

$CMCSA

$GM

$SBUX

$TMO

$MA