This Isn't Right

Bullish:

• $NVDA - Ram believes Nvidia is significantly undervalued, describing it as 'pretty darn cheap' and 'absurd'.

  • “I think Nvidia is, like, pretty darn cheap actually right now. It's absurd.”

    Ram·1:34:42
• $TLT - Ram expresses a positive view on long-term Treasury bonds, suggesting TLT as a good investment idea.

  • “I think TLT is a pretty good idea actually.”

    Ram·1:34:36
• $HC - Ram sees opportunity in healthcare but notes that stocks in the sector are relatively expensive.

  • “Health care is an obvious opportunity. But health care stocks are also more expensive relative to their own industry. They're not, like, a bargain.”

    Ram·1:24:18

Bearish:

• $AAPL - Ram is short Apple despite personal reservations, indicating a strong bearish conviction.

  • “I'm short of Apple, by the way. I'm one of the worst things in Mexico. I hate to say that, but I have to do what I have to do.”

    Ram·50:44
• $COST - Ram is shorting Costco due to its high valuation, potential consumer weakness, and exposure to imported goods.

  • “I'm short Costco now, by the way. 50 I don't want to be short Costco. It's 50 times earnings. 50 times earnings, you've got increased likelihood of further softness in the consumer. Okay? And they sell goods. They're not services. They sell goods. It's more cyclical. And vast majority of the goods they sell are imported.”

    Ram·22:45
• $SPX - Ram believes there's a high probability of a bear market based on recent policy announcements.

  • “I think within thirty minutes of that announcement, I said the probability that we're in a bear market has increased substantially. %. A % probability, guys. % probability. Newsflash. Okay?”

    Ram·13:30
• $DEVMKTS - Ram suggests shorting developed markets due to mispriced valuations relative to earnings growth and inflation.

  • “My professional instincts as a money manager right now is to short many developed markets where their valuations are mispriced relative to earnings growth and inflation now given this policy cocktail that we're seeing.”

    Ram·13:30
• $INDUSTRIALS - Ram is bearish on industrials, questioning demand for companies like Caterpillar and John Deere in various markets.

  • “I like industrials. Take a look at industrials. I don't own any industrials. Why would you who's gonna buy Caterpillar and John Deere? You think the Europeans are gonna do that? You think Australia is gonna do that? Nope. Nope. Canada is no.”

    Ram·1:24:18