Stephen Weiss, Founder, Short Hills Capital Partners

He trimmed it this morning after shares plunged 8% after they reported a miss that was larger than the street expected and guidance was soft. If the market were better, he would nibble at these levels, but not now. He remains confident in it and expects it to come back, because their tech is critical to AI. It's a show-me story.

They report tomorrow. Doesn't expect surprises, because you can follow their monthly numbers and the company tells you often how they're doing. He's comfortable with it.

It's dead money at best, not exciting the market with any earnings report. He struggles to see what impact AI will have on Apple, but they need to answer this question.

He's shorting it. The company has no governance over Elon Musk. What about allegations of drug use? Questionable acquisitions? The fundamentals are weakening--EV adoption is slipping and China is supporting its own EV-makers that compete with Tesla. Also, Tesla is cutting prices. Musk is a liar to keep his price stock up.

Expectations are so high and he fears they can't deliver. Then again, they keep cutting back content. This stock always bounces when it misses, so he will buy more.

Buy the 2-year treasury at a 5% yield.

Shares are rising this morning after reporting a solid beat. He never felt like this stock went away or slumped. He always believed in it and its CEO. They identified their mistakes and corrected them. Are best in breed.

Is shorting the QQQ as a hedge. The VIX has moved up a lot in recent weeks.

Their foundry reported a $7 billion loss. That's major, but will pick up business. That's why he bought it. 

Trades at 90x PE and is declining on nearly every metric. GM trades at 4.7x PE. Tesla is not a growth company anymore.

China remains a major overhang as the country keeps pushing its domestic phones and not Apple.

He bought more today. It's defensive; its defense business amounts to 15% of their revenues and is focused on technology. Also produces healthcare and airport scanners. Good, new managers. He'd buy on dips. 

Price target was raised to $700 today. It's the leading streamer in the world, are profitable and they can grow earnings as they want. They've raised monthly fees in recent years, but still attractive to competitors. He may buy more in coming days.

It reports next week. Earnings should be pretty good, because they have no spare capacity, but the market already expects this and it's reflected in the share price.

Would buy a 2-year note paying a near-4.9% yield. A great place to hide.