Benzinga's Premarket Prep team had Ivan Feinseth, CIO and Director of Research at Tigress Financial Partners to talk about rate cuts and undervalued stocks that could be worth picking up.
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00:00Obviously, you know, we've got a lot of stocks that have participated, we've had a lot of
00:03stocks that haven't participated in this rally.
00:06Just this talk overall, you know, obviously there's been an underperformance, you know,
00:10in the small caps, there's been an underperformance in a lot of interest rate sensitive names.
00:15Do those names start to show life here finally, because we are indeed probably going to get
00:20interest rate cuts starting in September?
00:22Would you be moving money maybe from some of the leaders to the laggards?
00:26Or do you just stay in everything?
00:28Well, I mean, you know, I think, you know, there's an old saying that if you have a football
00:35player on the field and he scores one touchdown after another touchdown after another touchdown,
00:41you don't pull him off the field and replace him with the player with the broken leg.
00:45I mean, the thought of buying stocks that haven't participated, you know, by selling
00:51the ones that have led, I think you keep your leaders, as I say, you know, you water your
00:55flowers and you pull the weeds.
00:58So you stick with what works.
01:01And we've also...
01:02So let's talk the weed of all weeds, Intel.
01:04And you know, Maxwell are stuck in this stock.
01:06Should we just pull this weed and throw it out and burn it?
01:09Is there a turnaround story for Intel?
01:12I believe there is.
01:14And unfortunately, it will be a longer time than we want to coming.
01:18I really do like the CEO, Pat Gelsinger.
01:23I think that he has undertaken a major endeavor that will just take a long time to be one
01:33of the world's leading foundries to manufacture semiconductors.
01:39But there's a lot of moving parts there.
01:42And the build out, you know, it's dependent on government participation on, you know,
01:50government investment, state investment, tax incentives.
01:54So there's a lot of moving parts.
01:59And you know, you want to go with really what works.
02:02And the best way to play this is some of my other favorite semiconductor company, which
02:06had a great run, pulled back here is Qualcomm.
02:09I think Qualcomm will be on the mobile device with AI of what NVIDIA is in the data center.
02:16And this recent pullback in Qualcomm.
02:18So number one continues in semiconductors continues to be NVIDIA.
02:24Number two is Qualcomm.
02:25Unfortunately, I've kind of had a bench Intel for a while.
02:29It needs to, you know, get some firm footing.
02:33It just maybe this last sell off was the final washout, give up, sell off.
02:38But we have seen that a few times.
02:40But you know, Intel is going to take a while to return.
02:43And investors, mostly everybody wants immediate gratification.
02:48They want to go with what's working now.
02:50And that will continue to be, I mean, even AMD, Taiwan semiconductor, beyond NVIDIA and
02:58Qualcomm.
02:59I still also like Corvo and Skyworks because communication semiconductors are an important
03:07part of the connectivity and AI and edge computing infrastructure.
03:13But you know, you go with what works and Intel, sadly, is going to be on the bench
03:18for a while.