Lou Basenese is a veteran market strategist and the founder of The Big Skinny. He joins Phil Rosen on Full Signal to discuss Magnificent 7 free cash flow, why Amazon and Eli Lilly look compelling, under-the-radar biotech stock picks and a tactical trade on oil refiners. Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe Follow Phil on X: https://x.com/philrosenn Follow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/ Timestamps: 0:00 - Mag 7 free cash flow 1:06 - Amazon fundamentals 2:50 - Is Apple too expensive? 4:33 - Biotech stock picks 6:11 - Eli Lilly 8:21 - Big Pharma&#x27;s acquisition spree 10:36 - Viking Therapeutics 12:36 - GLP-1s go mainstream 17:11 - Nvidia and Google 18:06 - Coya Therapeutics 20:17 - Refiner trade 24:53 - Follow Lou[5:00 PM] #podcast #investing #tech #markets #macro #stocks #bitcoin #fed

Veteran Investor: 6 Stocks to BUY NOW as Big Tech burns BILLIONS

Full Signal

LU, the MAG7 right now, they're actually turning positive finally after lagging all year. What stood out to you in the last earnings cycle? Because now we're starting to see a pretty interesting free cash flow story coming out. Yeah. LAG7 no more, which I love to see. For me, Meta and Microsoft was an interesting print that day because if you looked at it, you saw Microsoft came out and reaffirmed, hey, we're going to be free cash flow positive for the remainder of the year, which everyone loved. But then Meta brought up the low end of its guidance

for CapEx and people started worrying they were spending too much. But then that whole narrative got broken by the time we got to Thursday when Amazon reports and is like, hey, we're going to be negative cash free cash flow for the last 12 months. But the growth is there. So I think the takeaway for me looking at all the MAG7 reports is you better have the receipts for the AI investments leading to the growth in your business. Otherwise, you're going to get punished out there. So if you look across the spectrum, right, like Microsoft saw the third or fourth quarter in a row of acceleration

in their cloud business, Amazon gets to triple digit growth for, I mean, it's stuff you haven't seen in a really long time. And it's obviously attributed to their CapEx spend for AI. So Amazon to me stands out as a really interesting buy right here. I thought it's been an interesting buy all year because it's been so nothing. It's just been doing nothing, even though its earnings have been so good. And actually, as of this morning, they're the top MAG7 of the year,

Veteran Investor: 6 Stocks to BUY NOW as Big Tech burns BILLIONS

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Veteran Investor: 6 Stocks to BUY NOW as Big Tech burns BILLIONS

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.