Yeah, not bulled up right now - just call me a contrarian, because I don't feel like a bear at all. Simply put, we will see slower growth going forward as the Fed said today they don't see inflation hitting 2% until 2025. When looking at individual stocks, you have to have a thesis of the cost of capital - because it's a headwind.
Now - we first discussed RGEN. It's a one hit wonder selling a great drug that Rouche may usurp while the FDA holds up the ability for RGEN allow for less cost and less needles in your eye during treatment. I'll pass.
Second was PINS. I only see this as a summer catch up trade - speculation that traders will get board and bid up lesser names. All the new CEO has done is cut costs, made a deal to sell products with AMZN (who knows how that will work out), and some fluff about a more positive social media platform. Like I said, gamblers only.
Last was Generac, which is the main established brand in residential generator back up systems. It's recently surged on news that, big surprise, Texas is pushing up sales as people worry about more blackouts. But the real story is the 2019 Pika acquisition that provides the batter backup systems. Something went wrong with the inverters and now we have a black eye for this firm, lawsuits, and I just want to see that simmer down since battery storage is the real secular growth story.