In today's episode of The Daily Ticker we discuss the bubble in AI stocks and whether or not it's too late to buy or if the party is just getting started. Is this a stock story for the ages or just another algorithm fueled mania?

"Is this time different?" We discuss why that's an expensive belief.

We welcome back David Trainer of New Constructs.

Other topics include the laughable posts on social media by traders blaming the talking heads for missing the tech rally. We review the tape reading concept of "less bearish but not yet bullish" and show the sector rotation unfolding in healthcare stocks.

We then outline what  less bearish means for short positions and trade management.

And finally we David gives a few stocks that are attractive based on the New Constructs reverse discounted cash flow models. 

Hey everybody, it's Pete Renzulli. Welcome to today's episode of The Daily Ticker, and we got David Trainer here from New Constructs. How's it going, David? I'm doing great. Good to be with you, Pete. Absolutely. I love it. Alright, so we got three things. We want to get right into it. We want to make sure that everybody understands what's so valuable about today's video.

First we're going to talk about the craze that everybody's talking about right now, which is AI stocks. Anything related to AI is pretty much exploding right now. I don't know if you've seen David S M C I Supermicro right now. I believe it has doubled. More than doubled Just in May alone. Just in May. Okay, so we're going to talk about at what point.

Does a stock become irresponsible to chase a stock that's gone up that much? Or is the story strong enough that it is worthy of the lofty price from where it was even as of April 30th or however many days in April 2nd, we're going to talk about something that I find absolutely hysterical, which is social media bashing.

The talking heads and their fiscal responsibility for scaring people to not get long because of all of the conversations around recession and interest rates and all of those kinds of things, including jobs and housing market, scaring people into believing that there was going to be another big crash to the downside, including Michael Bow and everybody else who bet big on the other side of the market.

Is it their responsibility or is it the person's responsibility to say, look, the market's continuing to go up sector rotation in one group. You don't have to look that far, is rocketing higher? Why are you making it more complicated and waiting for Jim Kramer or somebody else to tell you what to do? So is that a fiscal responsibility or just people not normally taking that responsibility on their own?
I got some pretty strong feelings about that. We'll touch on that when we take a look at the market. And then third, we'll bring it all the way back to from overvalued down to is there anything undervalued that hasn't rocketed higher in the last five weeks? I will tell you right now, as of this recording, Right now healthcare is starting to get a little bit interesting.

It had a five week runup about two months ago. Today we're starting to see them curl up a little bit. The way that we describe it though in our community is it's less bearish but not yet bullish. So that means we'd be more if we were short be moving down our trailing stops, but not necessarily getting long.


Pete Renzulli | Stock Trading Pro
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