Investing -- July 14, 2024

Locator: 48130ROUNDTABLE.

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Disclaimer Briefly Reminder

• I am inappropriately exuberant about the US economy and the US market, 
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
• Reminder: I am inappropriately exuberant about the US economy and the US market, 
• I am also inappropriately exuberant about all things Apple.  

Tech: link here. 

Roundtable: link here. Spoiler alert: no need to read this article. Complete waste of time. If you do fall for the clickbait, go immediately to the comments.

From the linked article:

• from notes made by phone over the past two weeks;
• previous meeting: all met together, in NYC, January 8, 2024;
• 48 investment picks for the second half of 2024 -- some beyond;
• Rajiv Jain: upbeat; in the glass-half-full camp; 14 stock picks; of note: 
• TTE, PBR, SHEl, NVDA, ASML
• Meryl Witmer: surprised by the market's strength; 3 - 5% headwind; looking for companies that generate ample cash flow; named only two companies:
  
• first named: Mercedes-Benz Group; Rush Enterprises / RUSHA
• Scott Black: neutral in initial comments; concerned about fiscal policy; doesn't think market will broaden out; named only two tickers:
• SLB (wow!); RenaissanceRe Holdings / RNR
• Mario Gabelli: concerns -- probably tariffs on Chinese goods; the geopolitical situation; US debt and deficit; big on natural gas; names only three tickers:
• Atlanta Braves Holdings / BATRK; National Fuel Gas / NFG; Campbell Soup / CPB;
• Henny Ellenbogen: narrowest market in two decades; two picks:
• Coupang / CPNG; West Pharmaceutical Services / WST;
• David Giroux: yada, yada; named three tickers:
• Auror Innovation / AUR; Danaher / DHR; Revvity / RVTY (formerly known as PerkinElmer);
• Sonal Desai: bullish, but not overly so; eight picks, all income-producing ETFs or ETF-like income producing vehicles; none interest me;
  
• Todd Ahlsten: a sunny view; three picks:
  
• Alphabet / GOOGL; Broadcom / AVGO; and Salesforce / CRM;
• William Priest: a good market in 1H24; likely to be more choppy 2H24; three picks:
• Meta Platforms / META; Broadcom / AVGO; two Japanese plays that don't interest me;
• Abby Joseph Cohen: US economy is in good shape; doesn't see a recession; talks like JPow; four picks, none of which interest me;
• John W. Rogers, Jr: tech getting close to peak; sounds a bit concerned about tech; four picks:
• Paramount Global / PARA; Mattel / MAT; Boyd Gaming / BYD; Madison Square Garden Entertainment / MSGE
• 138 comments so far:
• reader noted that the roundtable: average age is mid-60s; youngest is around 50;
• best comment: These articles touting all these obscure foreign and domestic stocks is something less than entertaining and makes me tired. My wife tells me I'm a genius and I agree! My genius is in recognizing I'm not a genius. Bogle and Buffet showed me the way over 15 years ago. Low cost ETF's on broad based indexes. 2/3 IVV and 1/3 QQQ/FTEC. Going on 17 years in retirement and doubled what I retired with at 55 and no pension. (SS at 70 of course). Don't disagree until you perform a back test. Live well and prosper. The END. 
• one reader "underwhelmed." I agree.
• another reader: "This is a list of the clueless. Go to cash. That is what the smart money is doing."
• this from another: "I love the front page picture...NOT ONE SMILE. If you look at the stats in the article about their performance in the first six months, you quickly understand why."
• "this is a tired group and, yes, Gabelli is still promoting the Atlanta Braves."
• "the only golden nugget: SLB."
• Another great comment: "The market is full of bright ideas and we get Mattel? Paramount? Atlanta braves? MSGE again? Corrupted Adani? Campbell soup? Do people still eat that? I would rather put some seeds in the ground, water it as needed and stare at it assuredly until the first sign of sprouting emerges. Celebrate by jumping up with joy rather than buying and watch these forever losers."