Lou Basenese is a veteran market strategist and the founder of The Big Skinny. He joins Phil Rosen on Full Signal to discuss 3 under-the-radar stock picks, buying the dip on chip stocks, and his process for finding biotech and AI investment ideas. 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 - Buying the dip on chips 2:47 - The AI bear case 4:43 - Trimming profits 5:29 - Crowded trades 6:30 - TeraWulf $WULF 10:59 - Navan $NAVN 12:57 - Gain Therapeutics $GANX 15:19 - Biotech acquisition targets 17:35 - How to find obscure stocks 20:31 - Position sizing 21:44 - Follow Lou #podcast #investing #markets #macro #stocks #bitcoin #fed

Veteran Investor: 3 stocks Wall Street is IGNORING

Full Signal

Lou, walk me through your thought process here on why you think buying the dip has been such an effective strategy these days. Lou Walsh Yeah, I think it's most effective in the chip sector because demand is off the charts. I think also because of earnings, right? So if I expand outside of earnings and then can unpack both of these. Earnings for the broad market have been so strong, six quarters in a row of double-digit earnings growth. It used to be bifurcated between Mag 7 and the unmagnificent 493 as Tom Hayes likes to call them.

And now you're seeing that convergence where the back half, the 493 are catching up in earnings growth. So I just ask, where's the negative data point? What's the economic data point that's going to undermine this earnings growth? And I haven't seen it yet, right? High oil prices because of the war in Iran could have been that if it lasted too long, but now we're back sub 70 for West Texas, $72 a barrel for WTI. So that's not a drag. But then the chip sector specifically, right? We're coming off of

the heels of another nasty drawdown, a two-day drawdown of double-digit magnitude. Historically, that's been a great buying opportunity. We look back to the beginning of June, we had like a 12% plus drawdown. We look back to May, we had at least a 6%. You look at Micron back in March. And I would say this, everyone thinks in their mind that chip stock investments are always volatile. And I would say that's correct. The prices of the stocks are volatile,

Veteran Investor: 3 stocks Wall Street is IGNORING

Read the full transcript

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

Veteran Investor: 3 stocks Wall Street is IGNORING

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.