This stock will go to $1,000‼️
Summary
Jeremy argues that the latest Producer Price Index (PPI) data shows inflation is taming, which increases the likelihood of future interest rate cuts and encourages investors to move money from treasuries into stocks. Jeremy states that he recently received $1.1 million in cash from a house sale and plans to invest it consistently into high-quality companies. Jeremy emphasizes the importance of avoiding short-term "gambling" plays, even when stocks like Micron appear oversold, in favor of a disciplined long-term approach.
Mentioned Stocks
Reasoning: Jeremy explicitly decided against a short-term leveraged trade in Micron. Jeremy states that while the stock is down 30% and could bounce to $1,000, he views short-term trading as gambling and prefers to focus on long-term quality companies to avoid losses.
Reasoning: Jeremy believes Celsius has the most upside potential of all mentioned stocks, with a price prediction of $75 to $100 over the next three years. Jeremy states he is continuing to buy shares despite the brand risk, citing a strong balance sheet and margin improvements.
Reasoning: Jeremy likes Amazon due to AWS growth and its advertising business. Jeremy notes that massive capital expenditures and future depreciation on chips are concerns that might hold back earnings per share, but he still views it as a long-term winner.
Reasoning: Jeremy is bullish on Meta long-term, predicting it could be a $1,000 to $2,000 stock. However, Jeremy states he is not bullish in the short term due to the company's 'spending problem' and massive capital expenditures that are likely to get worse before they get better.
Reasoning: Jeremy argues that AMD is entering a phase of five quarters of accelerating revenue growth, with expectations of 70% plus growth in future quarters. Jeremy states the stock is headed to $1,000+ in the next few years, with a base case of $1,000-$1,200 and a bull case of $1,500-$2,000.
Reasoning: Jeremy states that Netflix is his top pick for a three-year investment horizon. Jeremy argues that the company has a low probability of losing money and a high probability of doubling due to its recurring revenue model, ads business expansion, and lack of disruption compared to other tech giants.