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Promotions on sale. They fell more than two dollars today, from 102.12 to 100. CEO Brian Niccol is working hard to turn things around, but you rarely get a breather in these stocks. Hey, speaking of coffee, for those of you who are a fan of growth among newbies, how about this option? Dutch Bros shares fell 5.6% today.
So, for those who are willing to take the risk, it might be worth opening a position, and I say, I, I ...I support this option. Constellation Brands, STZ. I know there was negativity about the spirits sector, and the quarterly report looked pretty pessimistic. But the quarterly report that Constellation published last week was one of the first where the bottom was even remotely felt, especially in the beer segment.
I think it's enough to say that we've bottomed out in earnings, but these illiquid stocks are down almost $7 today. One hundred and thirty something. I think this is a good price at this level. I remember they were worth twice as much, especially considering the current dividend yield is 3%. And no, I'm not worried about sales being low during the World Cup because of Mexico's defeat.
By the way, this defeat is already factored into today's share price. Finally, many retailers have been hit hard by market rotation. I don't want to take the Emni risk of extrapolating someone else's worldview to my own stock choices. But if you think the consumer is weakening, it means they may go into savings mode.
Economy mode means TJ Maxx . The shares fell sharply immediately at the opening of trading. They fell below $150 before recovering and ended the session at around $151, down almost three dollars. I can't think of a better place to buy these quality stocks than 20 points below their high. This happens very rarely.
Remember that TJX's revenue comes from two components: consumers switching to cheaper products and the amount of excess inventory they can buy from struggling retailers at a bargain price. When the last mattress at Costco said there was a ton of free inventory around, it was exactly what we needed. This is a key action in a charitable trust.
All you have to do is join my club, CNBC Investing Club, to learn more. I would really like you to do this. Here is the main conclusion. If you can spot the rotation and understand what the trend might be , you can identify incredibly profitable stocks. I mean J&J, Pepsico, Starbucks , even Constellation Brands and, yes, TJX.
Today they all got a good deal. I think this is a great time to buy, because they have all become collateral damage. We remain positive on the stock. I think it's a great story: despite everything that's going on in the world, like political course or monetary policy, this market continues to grow, right?
So it's actually a great place to invest. But don't investors feel like they've already missed out on this growth? Absolutely not. There are so many opportunities now. I think this market really rewards selectivity. So now is the time to review your portfolio, assess the current situation, understand where there are gaps, what areas need attention, and rebalance it accordingly .
So, there are opportunities. Time to get selective. Before we get into that, let's talk about inflation, because this week we got CPI data that matched expectations. This is kind of an ideal scenario for the market. PPI data coming soon. When you think about the next numbers and the inflation rate, everyone is trying to guess the Fed's next move.
What is your forecast? Yes. Well, you know, the CPI was pretty moderate, was n't it? And when you combine that with last week's July jobs report, I think it takes a lot of pressure off the Fed. So, I believe that yesterday's market rally meant that investors were pricing in the expectation that the Fed would not raise rates in September.
This is what we saw. Treasury bond yields have declined. So let's see what happens with the PPI indicator. But I believe that it is safe to be in this "aquatic environment" for now . OK. So, it's safe in the water . There are no sharks in the water. Well, maybe in another sense, if we mention selectivity.
So I want to ask you about AI. Conversations around AI are evolving. Investors don't want to hear only about billions spent. They want to see what the return will be. You like the "picks and shovels " approach to AI. Tell us a little about this view. Yes. So, at the beginning of this story, it really came down to costs, and we saw that momentum.
But as we start looking at the earnings reports, this story really shifts from spending excitement to a "show me the money " moment, right? Show me, show me the money and show me the schedule, okay? How long will it take to monetize? So I know we'll get to the selection later, but I think Microsoft is a very good...it's a very good...
example right now. Yes. I think Microsoft is a very good example of that , right? And so when we think about AI monetization, it becomes very prominent at Microsoft. This clearly gives investors access to AI without requiring them to bet on any one application model. And when we look at the fact that Azure's growth has been extremely strong over the past reporting period, it actually answers the question.
Does spending on AI really deliver results ? And that's why we like it. So, this is the same formula we are looking for, right? So, as we consider how to complement our AI strategy, what do these companies actually deliver, not just promise? Yes, listen. And over the last month, Microsoft has made quite a leap.
What a recovery, considering where she was at the beginning of the year. We are back to the level of the beginning of the year. There is still a need to improve year-on-year performance, but I understand your point about capital investments and that there are still opportunities here. You also like Caterpillar.
This is very interesting to me because they became a story about AI . Once upon a time it was just industrial history. You saw large excavators and understood that construction was underway. But now it's a story about AI. Do you still like this company? Yes, of course. So, something unusual is happening in the semiconductor industry .
AI companies need more computing power, and hyperscalers increase capital expenditures. Demand for memory is exploding, and Nvidia is now doing much more than just selling chips. This helps build, finance, and structure the infrastructure needed to create chips. This is a wonderful and fascinating question.
Could this be the beginning of a supercycle in the semiconductor industry? Or are investors perhaps too used to the idea that demand for AI will grow forever? Let's figure it out. And if you've watched this video up to this point, subscribe to our channel. The strongest argument for the "bulls " in the semiconductor market is the huge amount of planned infrastructure.
Large cloud companies continue to invest enormously in data centers, networks, power supplies, and AI accelerators. And importantly, the industry is not just talking about today's demand. Companies are already making commitments for future capacity. And, analysts believe, the current AI cycle could last much longer than investors expect.
The bottleneck is not necessarily demand, but supply. Scaling up advanced semiconductor manufacturing takes years. Data centers take years to build, and creating energy infrastructure takes time. And even after the physical building is ready, connecting it to enough electricity can be another bottleneck.
So, the market may remain limited in supply even as demand continues to grow. This is an extremely favorable environment for semiconductor companies. Nvidia was previously perceived primarily as a company that sells world-leading AI accelerators. It's still the core business, but something much bigger is developing around it .
Nvidia is increasingly involved in financing and building infrastructure related to AI computing. The company has partnered with major financial institutions to leverage hundreds of billions of dollars of basic idea is simple. Data center operators need billions of dollars to build infrastructure. Investors have the capital, and Nvidia has the technology and vision for the ecosystem.
When you combine these elements, funding suddenly becomes another mechanism to accelerate GPU deployment. This is potentially a very powerful competitive advantage. This is probably the most interesting part of the whole story. Traditionally, investors finance things like homes, airplanes, cars, and other assets with measurable economic value .
The industry is now exploring whether computing infrastructure can be treated in a similar way. If GPU revenues remain high for years, can be repurposed, and have significant residual value, then it is easier to think of them as financial assets. Nvidia has the advantage here. Because GPUs do not operate in isolation, they are connected to the CUDA software ecosystem.
This software layer makes the equipment much more useful and flexible. If AI customers disappear, other customers can potentially use the same infrastructure. This flexibility is extremely important.
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