Asks for macro thoughts on market action given strong Mag7 earnings and new Fed chair announcement.
Alex Coffey
Andrew Arons
Action is mixed but good earnings from companies like Meta show AI capex is paying off with strong revenue growth.
Asks for 2026 outlook: constructive or anticipating major pullback?
Alex Coffey
Andrew Arons
Markets will continue to do really well this year as companies deliver on earnings and rates probably go down, helping corporate profits.
Asks what inning we are in with AI, using baseball analogy.
Alex Coffey
Andrew Arons
We're in the second to third inning with a lot of runway ahead, expecting extreme growth down the road.
Asks if opportunity remains in mega-cap AI leaders or picks-and-shovels names.
Alex Coffey
Andrew Arons
Big names will still do very well; highlights IBM as a transformed AI play with safe quantum exposure and attractive dividend.
Asks why market perception of IBM has changed to an AI play.
Alex Coffey
Andrew Arons
IBM got into the space, is safe in quantum, software/infrastructure is surging, and has attractive dividend driving money flows.
Asks why he likes Meta and what stuck out in their report.
Alex Coffey
Andrew Arons
Meta's AI spending is starting to pay off, revenue looks good for the future, valuation is attractive, and stock could do very well this year.
Asks if Meta's advertising success is cyclical or structurally driven by AI targeting from capex.
Alex Coffey
Andrew Arons
Capex is encouraging as it's starting to help profits right away, which is positive for the stock going forward.
Asks how he approaches Boeing given their earnings and turnaround narrative.
Alex Coffey
Andrew Arons
Boeing has huge upside: earnings great, sales up 57%, deliveries ramping, massive backlog, management addressed issues, now positive cash flow, defense/space division attractive.