In This Article:
Blanke Schein Wealth Management chief investment officer Robert Schein joins Market Domination Overtime with Julie Hyman and Roundhill Investments CEO Dave Mazza to discuss the latest market action and some of his stock picks.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
I want to talk about some of the stocks that you like. You are the second person to come on today to be focusing on Amazon, although the other one was a very short uh term trade looking at potential downside around earnings. Amazon's actually a stock that you like here. Um, as we are looking at a potential lower spending environment, why do you think Amazon will be able to navigate that?
Amazon has turned their business around three, four years ago. Uh the AWS turnaround is now in full gear. Uh obviously they're the e-commerce giant. That's what your previous guest was worried about is the sensitivity to the consumer. There there is always that, but let's not forget all the investment in the AI upside. Uh they've really turned their business around and they're really geared to scale for the future. And oh by the way, the forward PE on a valuation standpoint for Amazon takes us back to 2009. So right now, Amazon, historically speaking, based upon their earnings and where they're situated, uh is looking very attractive. Obviously we can have earnings, you know, and a gift down here and there. Uh but dollar cost average your way in Amazon and you have a long-term perspective and you'll be a happy camper.
I know one of the other names you're also looking at is uh Berkshire Hathaway. Is it just because of that massive war chest that Warren Buffet has built up over the years they're sitting a lot prettier uh than many other companies with all that cash in the balance sheet?
Yeah, you're right. The war chest of cash is king, uh and Warren Buffett is always the most patient investor that we've ever seen, and you know, some, you know, over his course of his career, the market just keeps keeps coming to him. He doesn't chase it. And oh, by the way, um, one of the top picks that uh Warren Buffett just invested in was Amazon. So if you want, you know, for investors right now if they're if they're curious as to what to do in this market, I would say pick up some Berkshire Hathaway. Let Warren Buffett do the investing for you. He's had the history of success, and he's got cash to basically make the deals happen. So, you know, if you don't know where the direction the market's going to go, but you're not invested in the market, you have a long-term view, have Uncle Warren lead the way for you.
All right, how about Netflix? Uh do you think they're going to hit that $1 trillion number that they were talking about?
It's definitely possible. Um, again, we we like all the businesses that we're talking about because they're leaders in their own respective industry industries. Uh, the subscriber growth is their pricing power evolution, advertising. You know, it's interesting, the last earnings call is 55% of the new subs that were added were choosing the advertising model. So that's just another revenue generator to the bottom line uh that could help them get to that $1 trillion sooner than later.
