Buffett, Harvard, Tesla and the Nuclear Renaissance

Bullish:

• $FSLR - Ram is bullish on First Solar due to potential tariffs on Chinese solar exports, which would benefit U.S. producers. He personally owns the stock and believes it has a competitive advantage.

  • “I think you're gonna see tariffs on China exports of solar. China's most efficient producer of solar globally. They have a distinct competitive advantage that I don't see any way of being matched. So that'll benefit US producers. I own First Solar, bought that recently.”

    Ram·16:16
• $HC - Ram has a substantial overweight position in healthcare, indicating high conviction in the sector. He also mentions buying Merck recently, citing potential benefits from a more favorable FDA under new leadership.

  • “I have 20% of my portfolio in health care. That's a substantial overweight, by the way, for me. That's a substantial that's a high conviction.”

    Ram·2:37:07

  • “If you're a pharmaceutical company, you got a more favorable FDA if Vikram is influencing that. By the way, pharmaceutical stocks are cheap. I bought Merck recently.”

    Ram·19:02
• $FINANCIALS - Ram believes banks will be clear beneficiaries of potential lower capital rules and reduced regulation, especially under a Trump presidency.

  • “One very clear beneficiary winner here are the banks. And I've been very vocal about this, but the banks will benefit from lower capital rules and and regulation.”

    Ram·24:06
• $NVDA - Ram sees NVIDIA as the dominant player in the AI market, capturing the bulk of value creation in the sector.

  • “NVIDIA is the lion share winner in the AI thesis because they're capturing the bulk of the value creation around AI.”

    Ram·51:00
• $META - Ram believes Meta is underrated and poised to be an AI winner, with its AI potential not yet fully priced in by the market.

  • “I think Meta is underrated. I think Meta is an AI winner. It's only now starting to get pricing for AI.”

    Ram·1:11:10
• $BUMBLE - Ram sees potential in Bumble, believing it has stabilized after bad news and could outperform the S&P significantly in the next 1-3 years.

  • “Bumble on the chart here. In this moment in time here, all the bad news got priced in. Stabilized. They're going up. Doesn't mean it's gonna go up in a straight line, etcetera. But in 3 years' time, how is that not up double digits versus the S and P, I would suggest? Maybe in 1 year's time.”

    Ram·2:44:14
• $MHO - Ram recommends Mi Homes (MHO) as his top pick among homebuilders, citing recent strong earnings and attractive valuation.

  • “My pick in home builders, by the way, is Mi Homes, MHO. They reported earnings. They've done quite well. It's the cheapest in the category.”

    Ram·2:52:23
• $PM - Ram sees potential in Philip Morris, particularly due to its position in the vaping market.

  • “Philip Morris. So the case for Philip Morris is actually around these around vapes around vapes.”

    Ram·2:55:03
• $ENERGY - Ram believes energy producers, especially in natural gas, will benefit from potential policy changes. He specifically mentions Cheniere as a leading LNG producer that has performed well.

  • “I think energy, producers will get a benefit. Right? So that'll include, natural gas.”

    Ram·14:41

  • “One of our picks in April this year was Chenery. Chenery is a leading liquid natural gas producer and exporter. They jumped on the Trump win.”

    Ram·14:47

  • “I'd be looking at natural gas right now. Natural gas hasn't run up yet.”

    Ram·1:33:33
• $TSLA - Ram expects upcoming tariffs on EVs to benefit Tesla and Elon Musk.

  • “Tariffs are coming for EVs that'll help Elon Musk. We know that's gonna happen.”

    Ram·16:10
• $NUCLEAR - Ram emphasizes the importance of nuclear energy for the future of AI, suggesting potential opportunities in the sector.

  • “Nuclear is essential to having an AI future. It's essential.”

    Ram·1:51:29

Bearish:

• $COST - Ram believes Costco is significantly overvalued despite being a high-quality business.

  • “Costco is a world class business. It's way too expensive. I would not be buying it here at all.”

    Ram·2:42:19
• $RESTAURANTS - Ram sees the entire restaurant category as overvalued and predicts a bubble burst in the near future.

  • “The whole restaurant's category is expensive, and this bubble will burst sometime the next 4 to 5 months, I would say.”

    Ram·2:45:50