156 GOT IT
>>> LOOK AT CANOPY GROWTH THAT IS A CANADIAN CANNABIS COMPANY AN ANALYST UPPED ITS TARGET PRICE FROM 40 TO 60 UP THAT THING GOES THAT IS A 6
% GAIN >>> STILL ON THE MARKETS, WE HAVE THOMAS LEE WITH US, HOTSHOT MARKET GUY DON'T MIND USE OF THAT WORD HOTSHOT, YOU'LL TAKE IT, WON'T YOU? >> I WILL WEAR A PILOT SUIT NEXT TIME STUART: YOU'RE A MANAGING PARTNER AT FUN STAT GLOBAL AND YOU LIKE STOCKS THAT CATER TO THE CONSUMER LIKE J&J, PROCTOR & GAMBLE
>> YES STUART: UPS, HOME DEPOT WHAT'S SO GOOD ABOUT THE CONSUMER THIS YEAR? >> WELL THE CONSUMER IS GETTING A BOOST FROM THE MILLENIALS BECAUSE THEY'RE A HUGE COHORT AND THEY'RE STARTING TO MAKE A LOT OF MONEY STUART: THEY ARE? I THOUGHT THEY WERE WEIGHED DOWN BY STUDENT DEBT? >> HAVE YOU SEEN UNEMPLOYMENT DATA? IT IS QUITE LOW, RIGHT? >> IT IS >> SO THEY'RE GETTING GOOD JOBS AND THEY'RE GETTING DECENT SAY
BUT YOU'RE RIGHT THEY ARE HOBBLED WITH STUDENT DEBT HASN'T HURT AS MUCH FOR HOUSING AS PEOPLE THINK FEDERAL RESERVE, ONLY FEW BASIS IT IS NOT EVERYONE HAS STUDENT DEBT STUART: ECONOMY IS SLOWING DOWN AND THERE IS A GLOBAL SLOWDOWN AND CONSUMERS WILL NOT BE SPEND AS MUCH THEY USED TO YOU'RE RUNNING COMPLETELY COUNTER TO THAT
>> THERE IS FOR SURE A SPEED BUMP IS BUILDING AND IT IS GETTING QUITE LARGE AS THE SHUTDOWN GETS STRETCHED OUT AND THERE IS IMPACT FROM TRADE BUT WE DON'T WANT TO MIX UP SHORT-TERM IMPACTS VERSUS TRUE SECULAR CHANGES I THINK THE US ECONOMY IS STILL QUITE RESILIENT STUART: YOU LIKE CHIP-MAKERS, THE TEXAS INSTRUMENTS OF THIS WORLD
WHY? YOU'RE THE SECOND PERSON ON THIS PROGRAM WHO SAID THEY LIKE THE CHIP MAKERS >> WE WROTE ABOUT IT THIS YEAR, THERE IS PECULIAR SEASONALITY AND SEMIS REFINERS DO UNUSUALLY WELL IN THE FIRST HALF OF CALENDAR YEAR WHETHER YOU BELIEVE OR NOT THERE IS RECESSION YOU MAKE A SEASONAL BET ON SEMIS THE SEMIS HIT SO HARD LAST YEAR, BOTTOMED LAST YEAR, IT IS CONFUSING SECTORS, IS THIS EARLY CYCLE OR DEAD-CAT BOUNCE BUT EITHER WAY WE THINK IT'S A SEASONAL TRADE STUART: WHAT ABOUT INTEL, THAT IS DOWN THREE BUCKS TODAY
WHAT HAPPENED THERE? >> OF COURSE, YOU KNOW, YOU HAVE GOT TO FACE REALITY OF DISAPPOINTMENT SO YOU KNOW, LONG TERM, IF YOU LOOK AT INTEL HAS DONE GREAT IT'S A HIGH QUALITY NAME IT HAS A PRETTY GOOD TOTAL RETURN IN TERMS OF DIVIDEND AND FREE CASH FLOW STUART: IS IT A BUY AT 46? >> YES
STUART: IT IS? >> YES STUART: THIS LIME LAST YEAR, YOU WERE ON THIS PROGRAM THAT YOU SAID BITCOIN WOULD GO TO $25,000 PER COIN YOU'RE NODDING SAGELY >> YES STUART: YOU SAID IT WOULD DO THAT BY THE END OF 2018
OBVIOUSLY IT DIDN'T WHAT WENT WRONG? >> YEAH A HUGE DISAPPOINTMENT NEITHER CAME ON TERMS OF PRICE OR BY CALENDAR YOU KNOW, LAST YEAR WAS A YEAR WHERE THE CRYPTO BUBBLE WAS REALLY ADJUSTING BECAUSE THERE WERE A LOT OF ICOs AND FLAWED PROJECTS
WE THOUGHT ABOUT IT COIN WOULD SURVIVE THAT IT DIDN'T IT GOT SOLD OFF WITH THE REST OF THE MARKET BUT — STUART: DO YOU WISH YOU NEVER SAID BITCOIN GOES TO 25,000 BUCK AS COIN? >> I STRANGELY I JUST THINK THAT IS A, THAT IS A GOOD FAIR VALUE FOR BITCOIN BUT TIMING OF THAT IS GOING TO BE DIFFICULT SO I DON'T — STUART: DO YOU THINK AT SOME POINT IT GOES TO 25 GRAND? >> YES IT IS, FIRST IT IS BITCOIN HAS HAD 70% PULLBACKS FOUR TIMES ALREADY IN ITS 10 YEAR HISTORY AND RECOVERED TO NEW ALL-TIME HIGHS EVERY TIME
TO ME IT IS RESILIENT SECOND IT IS CRYPTO BECOMING AN ASSET CLASS, ABSOLUTELY IT IS ESPECIALLY DRIVEN BY MILLENIALS AND OUTSIDE THE US THERE IS INTEREST OF DIGITAL CURRENCY, DIGITAL ASSET STORE OF VALUE NOT TRADITION STORE OF MONEY
STUART: TOM, YOU HAVE A SURE FIRE WAY OF GETTING ON TELEVISION MAKE OUTRAGE JUST CLAIM ABOUT BITCOIN AND TALK ABOUT IT >> HAVING TO FACE THE RECKONING UNFORTUNATELY STUART: WELCOME BACK
