AMD profit preview, Datadog, Ferrari gains: Trendticker

00:00 Speaker A

It is now time for some of today's trend kickers. This morning we look at AMD, Datadog and Ferrari. First, AMD reports in the first quarter after completing the first quarter. The chip maker who offers a window in the AI ​​landscape, especially before Nvidia. The investors will keep an eye on the instructions from AMD. The company said in April that thanks to strict export controls, it could take a hit of 800 million US dollars. Chris Roan von Strategas is still with me to discuss. And Chris, it is interesting, the Philadelphia Semiconductor Index around 14%. How do you think about Semis?

00:42 Chris

I think it is important to remember that the SOX is very difficult. If you look at the same semis group, you did not reach its peak with Nvidia in January, you culminated in the last spring and last summer. This bear market in cyclical semis is almost a year old. So we subscribe to the view, maybe first, first. So I am actually looking for some of these analog names, AMD today obviously, others can actually react well to bad news. I mean, that's the first step when you become immune to bad news. I am not yet sure whether we are at this point with some of them. They are still largely relative. Software generally acted better than SEMIS. It is an important kind of relative guide for us. So I am not convinced that the analog SEMIS is still quite willing to be bought.

01:41 Speaker A

Well, really great context there. We will continue to talk about the AI ​​trade a little. If you look at Datadog, which exaggerates expectations in the first quarter and also raised the guidelines for the second quarter. The company adds over 3,000 customers with average recurring income of $ 100,000 or more under macroeconomic uncertainty. Nevertheless, you see the shares directly under the flat line this morning, not necessarily enough to excite investors. But a name like this makes me think about what you used to say, Chris, about how you may want to search for other options within the tech trade, and not for the same name that we talk about all the time.

02:21 Chris

I think since the stock was opened, I think that they have decreased four or five percent outdoors, it is actually good when they had the kind of mushy income. Um, I think the long -term question about AI is what we saw in phase one, the Nvidias and all of the obvious. What is phase two of AI? I remember the lesson from the tech bubble in 1999 and 2000 that the ultimate winners of the internet race were companies that did not yet exist. I mean, it was not, I don't think Alphabet went to the stock exchange by '03 and all of these, like those who go for Facebook and 12. So my suspicion is that the real winners are not yet known here. I think in the meantime they play the power story, but this, the pricing from CEG today is impressive. Even Innova is still good. Natural gas is also a way to play this. I think the power history remains the strongest part of the AI ​​history.

03:49 Speaker A

Right, this type of picks and shovels to a certain extent in the room. Really interesting context there, Chris. We would also like to talk about Ferrari and report a profit increase of 15% in the first quarter compared to strong demand personnel for its luxury vehicles compared to the previous year. Nevertheless, the company could affect the tariffs under control this year. The stocks are almost one and a half percent. Is luxury enough to exceed negative effects of macro uncertainties and tariffs?

04:27 Chris

Well, it is remarkable how different Ferrari deals with the other European luxury stocks. If you have looked at LVMH or Carring or Dior, I mean that you are weak. At Ferrari there seems to be something that differs very, very differently than the majority of the other euro luxury names have to do. Now these others are read in China and they were very, very weak. So maybe some effects there. What we like to look at in Germany is discretionary against Staples. I think if the market and the economy get out of this intact discrimination, you want the discretionary stocks to really take the Leadership closing rod out of the staples. That was really not much of this year. So important that moving forward.