ARM Holdings PLC (ARMH-OTC)

The markets are frothy. This has jumped 30% in one week. Sure, they delivered a terrific quarter, but give me a break. Those buying ARM now at these levels have no discipline. The bulls are running way too hard, even though it's a good company.

It reports Wednesday. They could report positively like peers such as AMD.

Run buy a fine CEO. Are executing well. They will dominate cell phone, PCs and hyperscale. It's come down a little from its peak.

It formed a base last month and is in the early stage of a rally. You have to have an exit strategy so this one would be at $50. It has lots of potential.

Just reported its first quarter post-IPO. Revenue beat strongly, up 28% YOY, an earnings beat and free cash flow way up, but the forecast was conservative. The market sold.

They partner with Nvidia in so many things (he loves Nvidia), though shares are a tad more than he likes. Still likes this.

The lock-up period just ended. This could go higher, like $60. It trades at a higher PE than Nvidia, when it should trade at a lower one. Nvidia is a better stock.

IPO in the last week. Popped on first day and has come back, which is typical of these IPOs. Let the dust settle. Check when the lock-up period expires. An interesting play. He's watching. Wait for a couple of earnings seasons.

A great company and a hero of the UK tech industry. They make power chips, largely for mobile devices, and are a great competitor for Intel (INTC-Q). Stock is off because of the weight of expectation. When growth stocks start to decelerate they always suffer because there is a transition in the shareholder base that goes from the hedge fund managers to growth managers to “growth at a reasonable price” managers. Stock has a long, long way to go before the value investors are going to be interested.

Well recognized brand. Global player but a lot of revenues are US. Hospitals, colleges’ food service and uniforms. Modest dividend that will grow over time.

Probably the current leader and has sort of taken over from Intel in the processor world, PC to tablet. A designer of chips, not a manufacturer.

Nice little trend. Built a base and then broke out with a gap. It is in a continuation pattern. Stop around $37.

Great company and has all the attributes that he loves, except that it is very expensive. This is a stock with a 40 or 50 multiple and about a 20% long-term growth rate. Has a PEG ratio over 2, which is when he starts to get nervous about a company. If you own, he would recommend selling.