Market Movers: NVIDIA Acquisition, Boeing Jets, Uber Buy Rating
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Entry is the asset's closing price on the publication date. Current is the last close on record.
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Entry $381.79 23 Jul 2026Current $352.67 09 Sep 2026Result −$29.12vs. index −10.9% SPY +3.3% over the same days
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…ake a position within the last 90 days, it has a this prove itself element to it. >> Yeah. >> You want to see that the momentum builds and in the case of a lot of the defense names, that's not exactly what you're seeing. We have ownership, some of the better names have been General Dynamics. That's a good one, but Northrop Grumman Grumman rather, Leidos not working well for us. Lockheed Martin yellow light, best way I could define it. I think there's fundamental challenges in front of all these defense names as it relates to some of the budget …
some of the better names have been General Dynamics. That's a good one
AI-extracted context “We have ownership, some of the better names have been General Dynamics. That's a good one, but Northrop Grumman rather, Leidos not working well for us.”
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Entry $209.23 23 Jul 2026Current $206.42 09 Sep 2026Result +$2.81vs. index −1.9% SPY +3.3% over the same days
Cite this call Watch source video * †
Surrounding source transcript
… The reason that we have this position in the ETF is solely based on momentum. It was a position that we established at the end of April at 229. That momentum, if I'm going to use a a green light, yellow light, red light type of signal, um it's definitely solidly yellow teetering on being red right now. So, I can't sit here and advocate for some fundamental story that really wasn't the reasoning behind us taking the position. It was based upon momentum. Maybe you get a restart after earnings, which I think are July 28th. I'm not sure ther…
it's definitely solidly yellow teetering on being red right now.
AI-extracted context “So, let let me be clear. The reason that we have this position in the ETF is solely based on momentum... it's definitely solidly yellow teetering on being red right now.”
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Entry $568.59 23 Jul 2026Current $524.46 09 Sep 2026Result +$44.13vs. index +4.5% SPY +3.3% over the same days
Cite this call Watch source video * †
Surrounding source transcript
… the case of a lot of the defense names, that's not exactly what you're seeing. We have ownership, some of the better names have been General Dynamics. That's a good one, but Northrop Grumman Grumman rather, Leidos not working well for us. Lockheed Martin yellow light, best way I could define it. I think there's fundamental challenges in front of all these defense names as it relates to some of the budget concerns. They need a catalyst and maybe getting past the midterm election ultimately is the catalyst and we'll see budget becom…
Lockheed Martin yellow light, best way I could define it.
AI-extracted context “We have ownership, some of the better names have been General Dynamics. That's a good one, but Northrop Grumman rather, Leidos not working well for us. Lockheed Martin yellow light, best way I could define it. I think there's fundamental challenges in front of all these defense names...”
Full Transcript
Let's get some stocks on the move today. Bristol Myers buying Nvidia's latest AI computing system for drug research. Right, you own both of these. It was kind of speaking also to what Shannon was talking about with regard to the broadening of the AI trade to other sectors as well. >> I think you're going to see more and more companies do this, especially in healthcare. We know Thermo Fisher does this. We know other companies are doing it in healthcare. This is one of the best ways to be more efficient. You have raw computing power, you have all this data, and you have scientists who can use it. So, I think this is really helpful and and one of our big themes on the on the healthcare sector is the efficiency and the ability to get products faster to market. >> Yeah. Bristol Myers shares not moving too much, down about 0.2%, but definitely one to watch for further implementation. Boeing CEO Kelly Ortberg telling CNBC that the company will need quote a couple more years to repair its finances before launching a new commercial jet. Joe, this is one you own. >> Yeah, absolutely. >> Down 1.8%. >> So, let let me be clear. The reason that we have this position in the ETF is solely based on momentum. It was a position that we established at the end of April at 229. That momentum, if I'm going to use a a green light, yellow light, red light type of signal, um it's definitely solidly yellow teetering on being red right now. So, I can't sit here and advocate for some fundamental story that really wasn't the reasoning behind us taking the position. It was based upon momentum. Maybe you get a restart after earnings, which I think are July 28th. I'm not sure there, but right now, um it doesn't categorize itself as a momentum. >> Yeah, down about 3.2% year-to-date. Lockheed Martin planning a new bargain rate Patriot missile to replenish low stockpiles. Joe, this is also one you own. >> Another [laughter] example of a position that we just took uh at the end of April. When I cite when we we just take a position within the last 90 days, it has a this prove itself element to it. >> Yeah. >> You want to see that the momentum builds and in the case of a lot of the defense names, that's not exactly what you're seeing. We have ownership, some of the better names have been General Dynamics. That's a good one, but Northrop Grumman Grumman rather, Leidos not working well for us. Lockheed Martin yellow light, best way I could define it. I think there's fundamental challenges in front of all these defense names as it relates to some of the budget concerns. They need a catalyst and maybe getting past the midterm election ultimately is the catalyst and we'll see budget become more favorable for the defense names cuz they've struggled and I think it's been surprising that we've seen the struggle in defense names. >> You'd say Lockheed caution maybe. >> I like that. >> There you go. Moffett Nathanson saying it's going to get worse for Uber before it gets better. Sirat, you own it? >> We do and if you look at the stock chart, you go back a little bit, it almost hit a hundred now it's back into the 60s and 70s. We trimmed a bunch of it up in the 90s. Now I'm looking I'm actually getting very interested in this level because they also just did an acquisition over in Germany. >> Right. >> And they're trying just to use it more as a super app and yeah, we know the danger or let's just say Waymo and all the others are coming at them. But at the end of the day, Uber's an international company that's growing and I think as the app gets bigger and bigger, it's a company that we're watching for and watching for the cash flow earnings to grow. >> Definitely a beneficiary of scale one would think. Why did you sold it a few months ago. So you you buy this idea that it's going to get worse probably before it gets better? >> I I just think it's it's going to continue to be dead money. Uh There are lots of things going on here. Uh first of all, you've got EVs coming on, so you've got a lot more competition that's coming out. And I you know, I they've not been able to really hit their earnings over the last I think about a year. I think one quarter near they did. So I don't know why I have to own it. I owned it for scarcity value. That's out the window right now because you've got ways, you've got others that are coming onto the market. And I just don't see where it's an attractive holding here. There are other ways to let your money die. >> You mean EV EVs or EVs as competition? >> I'm sorry. EVs and AVs. EVs are important because we're seeing gas prices going up. And while Uber doesn't doesn't, you know, pay for the gas, the drivers do. So, drivers are going to want more money. And I think that's going to be here to stay for gas for a while as long as we are in a situation with Iran, which there's no sign of that ending anytime soon. >> Understood. downgrading Charles Schwab to neutral. Joe, this is another one that you own. Stock's kind of up about 0.5% right now. >> Yeah, so we'll hear from them short within 24 hours, I believe. You're probably consensus is $1.55 on EPS, 6.92 on billion. I think net interest margin looking somewhere around 2.98. You would have to think given what we've heard so far about the trading environment that they are benefiting from significant retail engagement. Stock has been somewhat disappointing year-to-date. We've owned it for quite some time, so we're doing well on it. Uh but you would like to see this earnings report be the catalyst to take it to a new all-time high. Get this stock above 107 and 1/2 pushing 110, 115. And let's see if the retail community can be that catalyst in the earnings report. >> Yeah, we saw with Morgan Stanley last week, E-Trade, their entire wealth division took in $148 billion, which was three times the comparable period last year. A lot of that >> Well, Schwab has already Schwab has already responded off of those reports with a rally. So, now you're ramping up the expectations uh a little bit higher. >> Yeah, it's amazing how much of a role IPOs just play in that that interest level and those flows.
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