On a Limb – Bill Baruch Calls Low in Bonds
Bill Baruch thinks bonds are building a bottom. He called the Treasury sell-off a quick move, pointing to window dressing and the carry trade, and says the worst of the selling looks to be behind us barring a hot jobs report. He also flagged the bullish percentage index for the S&P 500, which sits at […]
Bill Baruch Buys Mitsubishi Heavy on Japan’s Industrial Renaissance
Bill Baruch says an industrial renaissance may be developing in Japan, the biggest since maybe World War II, and that is why he bought Mitsubishi Heavy Industries. The team trimmed industrials by roughly 25 to 30 percent in mid-July, and while he likes names it already owns like United Rentals and Eaton, he decided to […]
Bill Baruch Trims Apple to Lean Into the Mag Seven Breakout
Bill Baruch is trimming Apple in a concentrated portfolio because the valuation has reached the upper band of its historical range. He is not sour on the name. The team leaned in heavily during May and June and traded it up to a 14 percent weighting, and with Apple up more than 20 percent this […]
Bill Baruch’s Final Trade: Tempus AI
Bill Baruch went with Tempus AI as his final trade. He described it as a small healthcare technology company with a great management team working to cure cancer, and he added it to portfolios as a starter position last week. Watch the full discussion here.
Bill Baruch Says the Odds of a Hike Next Week Are Too High
Bill Baruch maintains that a 70 percent probability of a Fed hike next week is too high, and he does not think Warsh moves through with it. He sees it as the Kansas City Shuffle he has been flagging for a couple of months, where early hawkishness set the probabilities and the follow-through never comes. […]
Bill Baruch Sees Significant Value in the Miners and a Complement to Bonds
Bill Baruch runs a mining portfolio focused on gold with some silver, and after a heavy reversal in gold he still sees significant value in the space. His case rests on the fundamentals holding up. Costs have remained stable even with energy prices moving higher, and output is solid. That is why he views pullbacks […]
Bill Baruch Adds to Nvidia Ahead of the Print and Builds Out Oracle
Bill Baruch called in to Halftime to walk through two AI infrastructure moves. He added to Nvidia ahead of earnings, saying he was underweight relative to the S&P and bumped the position to 8.25 percent. He likes the setup at 20 times forward against earnings growth above 100 percent, and with the 500 billion dollar […]
Bill Baruch on SpaceX: Buying the Unlock and Looking Past Starlink
Bill Baruch says he has been buying SpaceX personally over the past week, and his approach is to put it away and let the story develop over the next six months. While most of the market leans on Starlink and the data centers in space narrative, Bill thinks the compute side is where the real […]
Bill Baruch’s Three Pillars: Why He Sees the S&P at 8,000
Bill Baruch laid out the three factors he flagged to clients two weeks ago, back when the SMH was roughly 25 percent off its highs and he thought the selloff was overdone. First, the Fed is misunderstood. He believes hawkish expectations are offsides, pointing to Powell’s comment that oil price shocks are not something monetary […]
Bill Baruch Likes AbbVie’s Breakout as Humira Losses Get Replaced
Bill Baruch is looking at AbbVie as a healthcare name outside of the tech trade. He pointed to 7 percent earnings growth and an expected 24 percent revenue growth ahead, with Skyrizi and Rinvoq now making up for the revenue AbbVie lost as Humira came off patent. The stock is only up about 7 percent […]