원문 보기
right I think I think there was profit-taking nervousness around China yield curve interest rates going up lots of reasons for in the month of October which is very often a difficult month for four people to reassess we used the opportunity to trade out of stocks like Apple which held up really well down only 3% and into Netflix Amazon Nvidia so you think the little sell up was overdone Oh a lot of these big names yes very much so very much so we're very focused on disruptive innovation generally at arc and we're seeing s-curve like movements here in streaming media so so Netflix you know roughly 20% of total video is streaming now that's moving into the sweet spot of the s-curve there will be we think continued surprises on the high side of expectations your decision to sell Apple was that a call on Apple or concerns about the earnings we're gonna hear from them tonight or is this simply just a valuation that I can make more for my money in these other stocks that have sold officer it held up really well there are all kinds of good reasons it should hold up really well we are concerned that it was protected by the privacy concerns you know it has a reputation for guarding safeguarding privacy there is a regulatory issue potentially or a legal issue potentially coming up on November 26 the Supreme Court is going to hear an antitrust case against Apple and it's Commission's 15 30 percent Commission's on apps so this will be the first time in a while that Apple is in the regulatory or legal spotlight so we think they'll maybe be a little changing of the gaurd back to those that were hit hard by these privacy so beyond that though you would you still call Apple a sort of innovative disruptive because it seems to me it's kind of not really any more I mean it was but is it could you still put it in the same category as some of those other yes more we think that it has a great opportunity in the mobile payment space which is really nowhere in the United States compared to Asia yeah so it and venmo owned by PayPal and square are the in the pole positions that that could scale very quickly when it gets going we're also seeing it very active in the healthcare space particularly when it comes to devices you know monitoring heart or and collecting data and we do think services generally are rising as a share that is a different story I mean they have the services business yes that is now this built-in runway for them but even warm up it the reason he got into the stock as he sees it as a consumer stock not as a technology stock and that but that is why I raise this Supreme Court case that will be heard on November 26th it's just really now moving into the investors sites and so we like Apple we think from a long-term point of view we think it's it's a solid holding but it held up only down 3% versus down 20% for these other stocks which brought them into some interesting valuation Kathy if you think this is a buying opportunity what what would concern you what would you see anywhere along the line or here that might make you change your mind and say okay maybe the volatility is not over maybe we have a little more downside potential right well we're not worried about interest rates going up because if you look at Treasury bill rates relative to the Fed Funds rate they are at a level we haven't seen in quite a while that means the economy's leading the Fed the Fed is not trying to cut the economy off what would concern us is if this trade situation spirals out of control we don't think it will we know both sides know there's a lot to lose and we actually think it could turn into a good news thing these increased tariffs we could turn around and seek tariffs cut around the world which would be a big if there's a negotiation that actually and we think there will be we know Larry Kudlow Larry an art Laffer there the scenes working it and very persuasive so speeder Navarre absolutely absolutely let me you
Comments 0