Jason Snipe, CIO, Odyssey Capital Advisors

Cybersecurity will remain in strong demand. PANW is up 110% this year and he continues to like and own it. His favourite in this space. Has lots of government contracts.

Earnings haven't been great and the PE has declined. Tough comps face energy stocks going into 2024. But M&A will be accretive to the major energy names. Don't buy an energy ETF, but choose energy names.

Underwriting is bottoming. You can position here for 2024.

Handsets are bottoming, so they will be back up again. Same goes with internet of things and autos. QCOM is a cheap stock and up only 18% this year. 

As rates decline, banks will benefit, but he likes GS for its exposure to capital markets.

International sales are growing nicely, such as Brazil where they just started doing business. The main thing is that equipment costs have fallen, so gross margins have expanded. Also, the average age of a car is 12.5 years which benefits AZO.

After two phenomenal years, energy is consolidating this year, unfortunately. The issue has been supply. In 2024, if the US avoids a recession, then energy can work.

A play on small business which baosted 50% EPS growth in the last quarter.

He expects earnings this month to be strong. Over the last 40 years, the S&P is up 4.6% in Q4, and 81% of the time the S&P is up.

Revenues have declined in the last three quarters and likely will next quarter. The story is always valuation: 28x forward at only an 8% growth rate long term. This downgrade is a few quarters too late.

They have $70 billion in free cash flow. Cash flow is now important, becaue they don't need the debt markets to grow. He's buying more on weakness. There's growth in many megatech, given growth potential as well as cash.

Is down 10% in the last 3 months. It's been tough for the homebuilders. They did have a positive quarter. Likes that they are gaining market share in the professionals segment and oeprating margins continue to grow. Happy to hold onto this.

Likes it for increasing third-party seller activity ahead of the holidays.

Though MSFT is up 32% this year vs. GOOG's 49%, he prefers MSFT, because Google fumbled their AI roll-out while MSFT will benefit more from AI, as offered in their suite of services and how it benefits their consumers. Both companies are strong with strong user bases and will benefit from AI.

Though MSFT is up 32% this year vs. GOOG's 49%, he prefers MSFT, because Google fumbled their AI roll-out while MSFT will benefit more from AI, as offered in their suite of services and how it benefits their consumers. Both companies are strong with strong user bases and will benefit from AI.