🔒Predictability of revenue and earnings outlook determines the lean towards certain tech stocks.
❓Uncertainty surrounds Apple's revenue due to factors like iPhone shipments and Tesla sales.
💰Investors predominantly value Apple on a PE basis rather than a sum-of-parts basis.
📈Expectations for Mac Book sales to accelerate this quarter.
🔮Meta (formerly Facebook) has become more defensive and made improvements in ad targeting.
What factors influence the selection of tech stocks to lean into?
—Predictability of revenue and earnings outlook, and the presence of optionalities.
What are the uncertainties surrounding Apple's revenue?
—Factors like iPhone shipments and Tesla sales.
How is Apple valued by investors?
—Primarily on a PE (price-to-earnings) basis.
What are the expectations for Mac Book sales?
—Accelerating this quarter and potentially exceeding expectations.
How has Meta (formerly Facebook) improved in ad targeting?
—They have made changes and improvements to yield higher conversions for advertisers.
00:00The video discusses the need to hedge on tech stocks like Amazon and Microsoft.
00:25Investors consider the predictability of revenue and earnings outlook when leaning towards specific tech stocks.
00:55Uncertainties arise for Apple's revenue due to factors like iPhone shipments and Tesla sales.
01:35Apple is primarily valued by investors on a PE (price-to-earnings) basis.
01:59Expectations are high for Mac Book sales this quarter, potentially exceeding expectations.
