Latest news with #Three-StockLunch
CNBC
10-06-2025
- Business
- CNBC
How to play Disney's Hulu deal, according to Creekmur Wealth Advisors' investment chief
John Creekmur, chief investment officer at the Illinois-based Creekmur Wealth Advisors, said that Disney is a buying opportunity after it took full control of Hulu . Shares of the entertainment giant were up more than 2% on Tuesday after Disney agreed to pay Comcast $438.7 million for its stake in Hulu. The move has been in the works for a few years, with Disney announcing in 2023 that it planned to buy Comcast's 33% stake in Hulu. Creekmur appeared on "Three-Stock Lunch" Tuesday, sharing his takes on Disney, Taiwan Semiconductor and J.M. Smucker. Walt Disney Company Disney's acquisition of Hulu is a "strong move" that only makes the media conglomerate more attractive, the investor said. The investor, who noted Hulu is the most profitable of Disney's three subscription services, said he sees a price target of $133 for the stock. That implies upside of 12% from Tuesday's close. "We love Disney right now," Creekmur said. Taiwan Semiconductor The Taiwanese chip company could be due for a bit of a pullback after a big June rally. Shares are up nearly 10% this month amid a broader advance in chip stocks. The stock was up more than 2% Tuesday, after the company reported a boost in May revenue . "The price got a little bit ahead, especially with the huge announcement today," the investor said. "We're looking for a little pullback. So we're on a hold right now. A pullback to that $192 to $195 range, then we're looking at acquiring pretty aggressively at that point. And then we do see strong momentum all the way to $240." The stock closed Tuesday at $212.46, and a decline to $192 suggests downside of more than 9%. A rebound from that level to $240 would represent 25% upside. J.M. Smucker J.M. Smucker 's disappointing quarterly revenue is another reason to stay away from the stock, the investor said. "We have kind of been sour on Smucker ever since the middle of last year," he said. "And we knew, with inflation going up, the cost of their inputs, and also the cost of labor increasing so drastically, their pricing is very inelastic, which is squeezing margins." "We'd stay away from Smuckers right now," he added. Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.
CNBC
27-05-2025
- Business
- CNBC
Investors will be rewarded if they believe in Starbucks' turnaround story, CIO says
Starbucks is in the middle of a turnaround story as new management is expected to overhaul the struggling coffee chain, according to Nancy Tengler, Laffer Tengler Investments CEO and CIO. Tengler broke down her views on Starbucks, Nvidia, and EQT on CNBC's "Three-Stock Lunch" Tuesday. Starbucks Last month, Starbucks missed earnings and revenue estimates for its fiscal second quarter as same-store sales fell for the fifth straight quarter. Still, CEO Brian Niccol said the coffee chain is seeing "momentum" in its turnaround, even though the effort will pressure earnings. "I think it's presenting an opportunity to invest, for investors to step in," Tengler said. " New CFO [Nordstrom alumna Cathy Smith] is adding a level of urgency, and they are really investing in labor, which was a weak spot of the company. You're getting paid to wait. I think this is a name that you can add to just take your time, because it's going to take a little while to turn it around." SBUX YTD mountain Starbucks Nvidia Nvidia is in the sweet spot in the artificial intelligence boom, and investors should use the weakness from headlines to add to their holdings, Tengler said. She said she's been increasing her investment in the chip giant during key market events, including President Donald Trump's initial tariff rollout and the launch of a language model from Chinese competitor DeepSeek. "If you look at where they are in the stack of AI, they're in the sweet spot," Tengler said. "They are the go-to chip provider, and all of the hyperscalers have told us that they're capacity constrained." Nvidia is scheduled to report quarterly earnings on Wednesday after the bell. Many investors are focused on the impact of export restrictions to China. The Trump administration said it was requiring an export license for the company's H20 chip. Nvidia said it would take a $5.5 billion write-down on inventory for its H20 chip, what analysts called the biggest write-down in the history of the chip industry. NVDA YTD mountain Nvidia EQT Tengler is also bullish on Pittsburgh-based energy company EQT . The company has a current dividend yield of 1.1%. "This is a company that's pledged to return 60% of free cash flow to shareholders through buybacks and dividend increases," she said. "They are also generating free cash flow at two times the competition. And we think there's a tailwind behind natural gas prices and LNG export prices so we're pretty optimistic on the group." EQT YTD mountain EQT
