The Tech Crash Is Here — I’m Watching These Stocks

KDP is categorized as a defensive reset name.

NE is categorized as a defensive reset name.

Mastercard, a higher growth, higher multiple version of Visa, is always worth studying if below its historical valuation.

Visa, one of the best businesses, goes on the watchlist if it trades below its 5-year historical valuation.

S&P Global, with its boring quality in ratings, indices, data, and financial infrastructure, is liked in volatile markets.

MSCI, with its high-quality indexes, data, and analytics, deserves attention due to reset valuations.

Global Payments is very cheap but carries higher risk, treated as a turnaround play due to market distrust in its growth story.

Tro Price is cheap but cyclical; it could work if markets recover, though flows and fee pressure are still factors.

Booking Holdings is a strong name if its valuation is below its historical average, being one of the best travel compounders.

Domino's Pizza becomes interesting if same-store sales improve and its valuation is below historical levels.

McDonald's is a defensive quality name that becomes a stability play if it's below its 5-year valuation, though not exciting.

Home Depot is interesting if housing and renovation demand recover, as its business quality remains despite rate pressures.

Nike is cheap compared to history but is a turnaround situation, and it won't be considered quality until brand momentum improves.

Constellation Energy is relevant due to its tie to power demand and nuclear energy, especially with increasing AI data center electricity needs, but should not be chased blindly.

NextEra Energy is a rate-sensitive quality name with an obvious valuation reset compared to its history, though it's not risk-free.

American Waterworks is a high-quality water utility that has been under pressure due to rates, with potential recovery if rates move lower.

VICI is an interesting REIT with long leases, a unique tenant base, and an attractive dividend, though rates remain a risk.

Waste Connections is a high-quality compounder with a durable business model and strong pricing power, offering rare valuation resets.

Air Products and Chemicals is a quality industrial gas business that has been frustrating, with execution and capital allocation being key issues.

Automatic Data Processing is a high-quality compounder with recurring revenue and strong margins, fitting the creator's preference for boring quality when below historical valuation.

Stanley Black & Decker is more of a turnaround situation; confidence in earnings bottoming is needed despite the obvious valuation reset.

United Parcel Service looks cheap due to pressure on volumes, margins, and the macro cycle, suggesting patience is needed.

Beck and Dickinson is a steady healthcare name that belongs on a defensive quality list if below historical valuation, though huge upside isn't expected.

Medtronic is a classic quality healthcare name that becomes more interesting if growth stabilizes and valuation is below historical levels.

Novo Nordisk's stock has been punished, but the long-term obesity and diabetes story remains, though expectations might have been too high.

Hershey is an interesting reset name facing cocoa cost and volume pressures, but its powerful brand could matter if pressures ease.

Dr. Pepper is interesting due to being less loved, but growth and margins need to justify a rerating.

PepsiCo is a high-quality consumer staples name with slower growth but strong brands, pricing power, and a good defensive profile.

Clorox has had difficult years, and despite below-historical valuations, margin recovery is needed before becoming excited.

Kimberly Clark's valuations have reset, but explosive growth is not expected, similar to its defensive nature.

General Mills appears cheaper but faces growth challenges, positioning it more as a defensive income stock than a high-upside compounder.

T-Mobile US is considered the highest quality name in its group, offering stronger execution, buybacks, and a clearer growth profile than many telecom peers, despite not being the cheapest.

Comcast is cheap but for reasons including cable pressure and slower broadband growth, making it more of a value rerating idea than a clean compounder.

Disney is viewed as a turnaround story with a better historical valuation, but execution across streaming, parks, and content remains critical.

SAP is another software name becoming more interesting, especially with potential European earnings revisions, but caution is advised after its recent run.

Intuit is a high-quality compounder with reset expectations, making it a watchlist candidate if the market offers it below its historical valuation.

Salesforce is a more controversial, cheaper option, but not a blind buy due to market concerns about AI disruption and slower growth.

TSMC's strong revenue growth indicates that the semiconductor sell-off is likely a correction in expectations, not a fundamental demand collapse.

Qualcomm is listed among semiconductor stocks that have declined, suggesting that short-term expectations may have become stretched.

ARM is mentioned as a semiconductor stock that has declined, indicating that short-term expectations may have become stretched.

Broadcom is noted as a semiconductor stock that has gone down hard, indicating potential short-term overvaluation or market rotation.

Oracle's cloud infrastructure growth is impressive, but investors are questioning its profitability and capital requirements, leading to a negative market reaction.

Alphabet is highlighted as an overlooked AI name with a lower relative valuation, offering many AI-related capabilities under one roof.

Super Micro is highlighted as an example of a company facing the challenge of financing massive AI server orders, announcing significant equity and equity-linked financing.

Coinbase is mentioned as a major technology deal in a chart comparing IPO price-to-sales multiples.

Palantir is mentioned as a major technology deal in a chart comparing IPO price-to-sales multiples.

Apple is mentioned as a major technology deal in a chart comparing IPO price-to-sales multiples.

Microsoft was mentioned as a potential source of capital for investors looking to fund participation in the SpaceX IPO, implying it's a stock with significant gains.

Tesla was noted as being under pressure, aligning with the broader trend of selling in mega-cap tech stocks.

Google was listed among the mega-cap tech stocks facing selling pressure, indicating a sector-wide downturn.

Meta Platforms experienced selling pressure, reflecting the broader weakness in mega-cap tech and AI-related stocks.

Amazon was mentioned as being under pressure, indicating a broader sell-off in mega-cap tech stocks.

AMD was among the tech stocks that saw selling pressure, contributing to the overall weakness in the sector.

Micron experienced selling pressure as part of the broader tech sector decline, especially in semiconductors.

Broadcom was noted as being down amidst the tech sector sell-off, indicating pressure on AI infrastructure stocks.

Nvidia was mentioned as one of the mega-cap tech stocks under pressure during the recent market downturn.