Fundamental Market Analysis (with Krystal, Tammy Marshall)

Earnings season strongest in 20+ years, led by tech/energy/utilities. Data center backlogs huge (Bloom Energy orders 2x sales, 3-year visibility). Micron expected to be grand finale with memory shortage pricing power. Valuations reasonable (Palantir ~17x fwd earnings). However, caution on near-term seasonality: August/September historically weak. Favorite bargains: Ciena, Ubiquiti (optical pullbacks).

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Navellier & Associates 4.2
Wealth Manager
Louis Navellier 7.0

Fundamental Market Analysis (with Krystal, Tammy Marshall)

ndx

Strong earnings, reasonable valuations, but expects seasonal weakness in summer. Overall bullish on tech fundamentals but cautious on near-term seasonality.

Lou Ann

This earnings season is strongest in over 20 years. S&P earnings up over 20%. Analyst revisions strongest in 5 years. Micron will be the grand finale.

Nvidia used to be grand finale but Micron may be bigger.
Lou Ann

Positive earnings and revisions only in energy, utilities, and tech. Other seven sectors lackluster. Hope breadth expands as GDP improves Q2.

Lilly had good earnings but Pfizer holding sector back.
Lou Ann

Order backlogs for data centers are huge - Bloom Energy orders double sales. Backlogs 3 years out. Nvidia sales/earnings expected up over 100% next year.

Jensen traveling with Trump to China. This is not normal - hard to explain when 80% of stocks not going up.
Lou Ann

AMD making low-grade AI. Not all AI needs machine learning - natural intelligence in consumer devices. Micron has pricing power due to memory shortage, will have strongest sales/earnings this quarter.

Most tech stocks trade at reasonable PEs - Palantir barely 17x forecasted earnings. Not fundamentally overbought.
Lou Ann

Hate summertime - August and early September very seasonally weak. Expect correction by then because July earnings phenomenal then everyone disappears.

Last couple Augusts went up though.
Lou Ann

Ciena and Ubiquiti are favorite optical stocks that recently pulled back - good near-term bargains.

Corning had good earnings but we don't own it.

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