S&P 500 to 8,200: Where to invest before the next leg higher

Transcript:
Caroline Woods:
Joining maine present to footwear disconnected the week is Mark Gibbens, CIO of Gibbens Capital Management. Mark, large to person you here.

Mark Gibbens:
Thanks for having.

Caroline Woods:
Me. All right. So, coming disconnected the agelong vacation weekend, S&P 500 lone astir a percent and a fractional distant from each clip highs. What's the existent authorities of the marketplace close now. Do you look astatine this is different similar higher oregon bash you look astatine it as, you know, hole for much volatility?

Mark Gibbens:
I conjecture I look astatine it arsenic consolidation earlier different similar higher. So we're successful this play earlier net you cognize commencement being recorded. So we person a mates weeks present oregon truthful earlier we you cognize we commencement proceeding from Delta you cognize the banks etc.. But the wide net representation looks truly good. So you cognize Q1 we were looking astatine astir 30% net growth.

Mark Gibbens:
Q2 we're looking astatine implicit 20% net growth. So the communicative that firm America is telling america you cognize it looks very, precise positive. We inactive person the oculus buildout going on. The user present doesn't person to interest astir state prices astatine the pump. So we are making a batch of bully advancement here.

Caroline Woods:
And we bash really person micron net this week. Is that the adjacent existent trial for I.

Mark Gibbens:
Yeah I would accidental it's benignant of a miniature test. But it is decidedly going to beryllium a test. About the representation trade. Obviously micron has done, you know, exceptional this year. And actually, you know, immoderate of the immoderate of the representation players astir apt inactive person rather a spot of country near to go. You know, analysts are inactive trying to drawback up their terms targets to what's fundamentally happening connected the crushed with those companies.

Mark Gibbens:
So it's a small spot of a test. And past we're going to get the existent trial erstwhile we commencement getting Q2 earnings.

Caroline Woods:
Would you bargain micron up of net up 320% twelvemonth to date.

Mark Gibbens:
We bash ain a small spot of micron close now. I'm not going to bargain it. Pre net release. But we bash privation a small spot of it. We person immoderate vulnerability determination to the representation trade. We person vulnerability you know, to the broader I physique retired trade. So connectivity you cognize GPUs CPUs etc..

Caroline Woods:
What would you bargain successful the AI abstraction close now?

Mark Gibbens:
Looking astatine the abstraction successful totality, I truly similar connectivity. So, you know, talking astir a sanction similar Creative Technologies. So, you know, they fundamentally supply cables that are coming astatine a better, you know, outgo point, that are vigor businesslike than galore of the accepted optical providers. So I think, you know, they're a beauteous bully company.