Tommy Thornton: Tech Stocks Are In A Bubble

Tommy Thornton: Tech Stocks Are In A Bubble – Forward Guidance

Bullish:

$GLNG - Tommy is bullish on Golar, seeing a catalyst for growth.
$PCT - Tommy is optimistic about Pure Cycle Technologies and expects the stock to move higher.
$BABA - Tommy is positive on Alibaba due to their significant stock buybacks.
$PENN - Tommy sees potential in Penn International.
$JWN - Tommy believes Nordstrom might go private, which could be beneficial.

Bearish:

$NVDA - Tommy believes NVIDIA has reached a long-term top and could sell off if growth slows.
$TSLA - Tommy is bearish on Tesla, citing challenges with no new cars coming and older models not being updated.
$AAPL - Tommy is short on Apple, adjusting his position based on earnings multiples.
$ARKK - Tommy finds ARK ETF boring and is short on it.
$DE - Tommy shorted John Deere after the last earnings report.
$NFLX - Tommy is short on Netflix and held through earnings.
$SMH - Tommy is short on semiconductors via the SMH ETF.
$XLI - Tommy thinks it's okay to short the Industrial ETF.
$CAT - Tommy covered his short on Caterpillar but plans to add back.
$MSFT - Tommy finds Microsoft's earnings multiple high.
$GOOGL - Tommy is happy to see Alphabet moving lower and considers it a go-to name to buy on pullbacks.
$JPM - Tommy is short on JPMorgan, wary of banks if a recession hits.
$META - Tommy notes Meta's decline due to increased capex.
$ADBE - Tommy questions Adobe's earnings and its status as an AI darling.
$SBUX - Tommy observes that Starbucks is under pressure.
$NKE - Tommy notes a decline in Nike purchases.
$AVGO - Tommy thinks Broadcom is getting too crowded.