The Joseph Carlson Show

• Consider TSM for long-term exposure to chip and AI demand; it trades at about 21× forward earnings and reports this week, so review results and guidance before acting.
• ASML has a strong long-term competitive position, but its roughly 33× forward earnings valuation and high expectations raise the risk of volatility around earnings; holding is the speaker’s stance.
• META is a bullish idea, with AI products adding potential upside; watch for evidence that improved models drive lasting user adoption and growth.
• JPM is viewed positively ahead of earnings, supported by rising deposits and loans and a 14% CET1 ratio, though its valuation depends on how investors assess its technology-enabled banking business.

• For long-term investors, keep a diversified portfolio and consider regular dollar-cost averaging into the S&P 500 rather than making abrupt changes based on crash predictions.
• Prepare for possible 20%–30% market declines every five to seven years; investors nearing retirement should account for that risk in their plans.
• Treat AI and technology stocks selectively: profitable companies may have durable businesses, but their share prices can still fall if valuations contract.

• Consider Netflix (NFLX) for a long-term position: the host sees its roughly 50% pullback, continued revenue growth, and about $11 billion in trailing free cash flow as an attractive opportunity, while noting competition and slowing growth risks.
• Uber (UBER) is another potential buy after its roughly 30% year-to-date decline; the host cited a forward P/E near 17 and believes its large ride network can withstand robotaxi competition.
• S&P Global (SPGI) may offer a turnaround opportunity after a roughly 24% year-to-date drop, but the thesis depends on AI disruption and higher rates having less impact than investors fear.
• For broader exposure, consider the S&P 500: the discussion was bullish on the market, citing improving earnings expectations, but offered no index target or specific timeframe.

• Consider Alphabet (GOOGL/GOOG) as a long-term AI investment: its competitive models, infrastructure, and integration across widely used products could help it turn AI adoption into broader business benefits.
• Meta (META) is another long-term AI candidate, with free AI access and distribution through Facebook, Instagram, and WhatsApp; monitor whether usage grows and supports its business.
• Netflix (NFLX) may be worth researching as a potential value investment: the host considers it undervalued, citing 16% trailing revenue growth, but provides no price target or valuation assumptions.
• Treat FICO cautiously until regulatory risks, partner responses, and adoption of cheaper alternatives become clearer; despite strong reported margins, the episode offers no basis for a price target.

• Consider S&P Global (SPGI), which the host calls a buy at about 21× forward earnings, and Texas Roadhouse (TXRH), viewed as a buy after a 21% monthly decline despite growing sales; beef-cost pressure remains a risk.
• Netflix (NFLX) is presented as undervalued at about 22× earnings, with 16% revenue growth and 325 million subscribers supporting the case, though competition for viewers is a risk.
• Uber (UBER) looks undervalued at $68 and roughly 17× forward earnings, but robotaxi competition could keep shares depressed; the host warns a rebound may take time.

Meta Platforms (META) presents a high-conviction buying opportunity fueled by the rapid consumer adoption of its Meta Muse assistant and catalyst momentum from the Meta Connect event over the next two days. Analysts at Wells Fargo have raised their price target for META to $796, signaling solid upside from current levels around $722 due to reasonable valuation and unmatched global distribution. Conversely, investors should monitor near-term risks for Amazon (AMZN), as autonomous agentic AI shopping tools threaten to disrupt its lucrative $76 billion sponsored-search advertising business. Watch for potential commercial revenue-sharing or API agreements between Amazon (AMZN) and external AI developers as the key signal that marketplace advertising risks are being resolved. Meanwhile, maintain a watchful stance on Alphabet (GOOGL) as rival AI assistants increasingly bypass native tools to access user data across core assets like Gmail and Google Drive.

Buy Meta Platforms (META) and Microsoft Corporation (MSFT), as their control over consumer attention and enterprise workflows positions them to profit directly from the adoption of autonomous AI agents.

Add semiconductor equipment leader ASML Holding (ASML) to capture long-term growth driven by the surging computing power required to build and run AI models.

Build positions in global payment networks Visa (V) and Mastercard (MA), which will benefit from increased transaction volumes and the vital security needed for machine-to-machine spending.

Reduce exposure to digital intermediaries like Booking Holdings (BKNG) and Intuit (INTU), as personal agents threaten to bypass traditional travel search engines and automated tax-filing software.

Protect capital by holding physical scale and exclusive-content leaders like Amazon (AMZN), Costco (COST), and Netflix (NFLX), whose real-world distribution networks and proprietary assets cannot be replaced by software.

Meta Platforms (META) represents a high-conviction investment opportunity trading at an attractive valuation with 27% year-over-year revenue growth, well-positioned to expand profit margins if industry-wide AI CapEx slows down. Supported by its massive 3.6 billion daily active user base and consumer tools like Muse, META maintains a resilient risk-to-reward profile regardless of how fast frontier artificial intelligence evolves. Investors should exercise caution with AI hardware and semiconductor stocks such as Nvidia (NVDA) and ASML (ASML), which face cyclical downside risks if leading AI labs scale back massive infrastructure spending commitments. Avoid speculative celebrity tokens and meme coins entirely, as these unregulated assets function as predatory schemes where the vast majority of retail participants suffer rapid capital loss.

Investors should view near-term regulatory and media volatility as a buying opportunity in the secular Artificial Intelligence & Data Center Infrastructure theme, where fundamental demand for compute power remains strong. Maintain core positions in Microsoft Corporation (MSFT) to capitalize on its enterprise AI dominance and balance-sheet capacity to fund massive data center expansion. Accumulate Amazon.com, Inc. (AMZN) to benefit directly from surging cloud computing workloads hosted on Amazon Web Services (AWS). Hold Alphabet Inc. (GOOGL) for long-term growth as it embeds its Gemini generative AI tools across search, cloud, and core productivity products. Allocate to Meta Platforms, Inc. (META) to gain exposure to heavy compute infrastructure spending and leadership in open-source AI democratization.

Consider accumulating Alphabet (GOOGL) following the dismissal of federal antitrust breakup risks, which removes a major valuation overhang and secures its core ad tech and Chrome revenue engines. Watch S&P Global (SPGI) for upside as its potential multi-billion-dollar spinoff of Capital IQ Pro positions the firm to transition into a higher-margin, asset-light data licensing powerhouse. Track Microsoft (MSFT) closely ahead of its reporting restructuring, which will break out standalone Azure revenue to provide clearer valuation benchmarks against Amazon Web Services (AWS) and Google Cloud Platform (GCP). Resist chasing overextended rallies in cyclical hardware plays like Micron Technology (MU) and Dell Technologies (DELL), where recent gains have been driven by unpredictable short-term multiple expansion. Instead, allocate new capital toward consistent long-term revenue compounders like Costco (COST), Mastercard (MA), and Texas Roadhouse (TXRH) that have temporarily lagged the broader market rally.

Buy NVIDIA (NVDA) to capitalize on surging semiconductor demand, backed by 106% year-over-year revenue growth and projected 70% forward growth from massive global data center buildouts.

Invest in digital platform leaders like Meta Platforms (META) and Alphabet (GOOGL) as they successfully deploy generative AI to accelerate user engagement and enhance advertising profitability.

Accumulate Amazon (AMZN) and Microsoft (MSFT) to capture 5- to 10-year compounding returns as heavy AI infrastructure investments translate into high-margin, recurring enterprise cloud revenues.

Target software innovators like Salesforce (CRM) and Duolingo (DUOL), which are actively expanding product capabilities and lowering operational costs through embedded AI workflow automation.

Maintain strategic exposure to the cryptocurrency market, utilizing severe liquidity pullbacks as long-term entry points into resilient, multi-year digital asset growth cycles.

Investors should capitalize on Meta Platforms (META) as its recent legal settlement removes a major regulatory cloud at a manageable, 10-year distributed cost without harming core advertising revenue.

Monitor Netflix (NFLX) closely over the next 6 months for an official announcement on its transition into a third-party streaming hub, a catalyst poised to unlock high-margin revenue without added production costs.

Consider accumulating shares of SharkNinja (SN) on market pullbacks, as the company sustains strong operational momentum and double-digit growth across 37 consumer categories.

Meanwhile, exercise caution with Microsoft (MSFT) due to limited financial transparency surrounding the standalone profitability of Azure and its aggressive OpenAI infrastructure spending.

Look to aggressively accumulate Uber Technologies (UBER) if short-term media controversy pushes shares down toward the $60 target, unlocking the portfolio's highest projected return at a 20.9% 5-year CAGR.

Exploit recent pullbacks in top-tier growth stocks by establishing buy targets for Netflix (NFLX) at $60 and Amazon.com (AMZN) at $200 to capture long-term annualized returns near 20%.

Take advantage of overblown headline risks and generative AI spending fears by buying Meta Platforms (META) at $450 for an estimated 17.2% 5-year CAGR.

Practice disciplined patience with premium compounders by waiting for pullbacks to $400 on Microsoft (MSFT) and $450 on Mastercard (MA) rather than chasing recent rallies.

Avoid adding new capital to overvalued positions like Costco Wholesale (COST), and instead redirect dividend payouts into these higher-upside pullback targets.

Meta Platforms (META) is the top-ranked investment pick for the remainder of 2026, offering an attractive entry point as overblown regulatory fears have discounted the stock despite robust cash flow generation. Uber Technologies (UBER) represents the second-highest conviction opportunity for 2026, trading at an undemanding 24x forward P/E while expanding its market dominance through autonomous vehicle fleet integration and drone delivery partnerships. S&P Global (SPGI) is a high-margin compounder trading at a historically low 22x forward P/E, positioned for a strong rebound powered by 14% growth in its core credit ratings division. Investors looking to allocate fresh capital should prioritize these beaten-down opportunities over Amazon (AMZN), which was removed from top picks after a strong 16% year-to-date advance limited its near-term upside. For hands-off investors, the SPDR Portfolio S&P 500 Growth ETF (SPYG) and Schwab U.S. Large-Cap Growth ETF (SCHG) serve as optimal, low-cost growth ETF vehicles for diversified long-term wealth accumulation.

Investors can treat the recent sell-off in Meta Platforms (META) as a prime buying opportunity, as overblown regulatory fears overlook that underage users represent just 2% to 4% of its active audience. Uber Technologies (UBER) stands out as a high-conviction investment driven by expanding free cash flow and dominant scale across ride-hailing and local delivery networks. Alphabet (GOOGL) remains an attractive large-cap value play as its core search moat continues to prove resilient against emerging generative AI threats. Temporary price dips in Visa (V) and Mastercard (MA) offer favorable entry points into high-margin payment processing monopolies that are seeing strong institutional accumulation. Finally, investors should exercise valuation discipline by taking profits or waiting for pullbacks on ASML Holding (ASML) after its 62% year-to-date surge, while rotating into resilient data compounders like S&P Global (SPGI) during short-term debt market slowdowns.

Investors can capitalize on the recent 40% pullback in Netflix (NFLX) near $74 per share, positioning for an expected 20% annual earnings growth rate driven by international expansion and share buybacks.

S&P Global (SPGI) presents an attractive buying opportunity following an overdone 25% drop, trading at a discounted 21x forward earnings despite its core credit ratings and proprietary financial data being well-insulated from artificial intelligence disruption.

Trading near historic valuation lows at 19x earnings, Uber Technologies (UBER) offers high upside with 35% projected earnings growth this year as market fears surrounding autonomous vehicle competition remain exaggerated.

Meta Platforms (META) stands out as a top generative AI beneficiary with proven monetization, using advanced algorithms to boost ad targeting and engagement while trading at a reasonable earnings multiple.

Global payment giants Mastercard (MA) and Visa (V) provide reliable, high-margin exposure to digital payments, with recent pullbacks creating favorable entry points as emerging tech like stablecoins complements rather than threatens their settlement rails.

Consider accumulating shares of IMAX (IMAX) as a long-term growth play, watching for catalysts like theater chains adopting demand-based pricing to drive substantial revenue jumps. Target Reddit (RDDT) as an appealing high-growth investment at the intersection of AI data licensing and niche advertising, with potential to push its market capitalization toward $50 billion to $60 billion. Risk-tolerant investors can treat Adobe (ADBE) as a compelling turnaround opportunity while it trades below a 10 forward PE ratio with a 10.4% free cash flow yield following a steep pullback to the $255 range. Buy Rollins (ROL) as a stable, defensive addition to your portfolio now that its trailing PE ratio has compressed to a more reasonable 33 and free cash flow yield has improved to 3.5%. Capitalize on the temporary 50% sell-off in Copart (CPRT) to buy a high-margin vehicle auction platform whose recent revenue stagnation was primarily caused by tough historical weather comparisons rather than core business weakness.

Consider buying Uber (UBER) for the long term, as the market is currently overpricing the threat of autonomous vehicles while ignoring its massive scale and 4% free cash flow yield.

Take advantage of the recent 8% short-term dip in Meta Platforms (META) to build a position, as heavy AI capital expenditures are building a permanent competitive moat with strong downside protection.

Look to accumulate shares of Netflix (NFLX) following its 37% drop over the past year, because fears regarding declining subscriber engagement are contradicted by rising fundamental metrics and growing margins.

Target these temporarily dislocated mega-cap stocks where exaggerated bearish sentiment has created attractive entry points below intrinsic value.

Capitalize on the surging enterprise cloud demand by holding mega-cap leaders like Amazon (AMZN), which recently hit a $3 trillion market cap backed by a $496 billion AWS backlog. Use short-term dips in major technology stocks like Alphabet (GOOGL) and Meta Platforms (META) as strategic buying opportunities driven by positive sector sentiment. Avoid credit scorer FICO near $1,000 per share due to collapsing valuation multiples and mounting competitive threats, favoring S&P Global (SPGI) instead for its diversified financial data streams and lower regulatory risk. Consider accumulating dominant delivery platform DoorDash (DASH) to capitalize on its expanding U.S. market share, which currently sits near 60%. Finally, look toward a potential blockbuster year for equities in 2027 as current macroeconomic headwinds clear and AI monetization fully takes root.

Capitalize on the recent 8% post-earnings sell-off in Meta Platforms (META) by buying the dip, as the miss was driven by temporary one-time legal and restructuring expenses rather than slowing core growth. Ride the momentum in Microsoft (MSFT) after its strong 15.5% surge past $450, which proves that heavy AI infrastructure spending is successfully driving enterprise demand. Accumulate shares of Amazon (AMZN) to capitalize on AWS cloud revenue scaling to $42 billion alongside expanding profit margins and multi-year order visibility. Hold or build positions in Alphabet (GOOGL), as its foundational AI infrastructure investments mirror the successful playbook that previously drove its stock up over 100%. View the recent 6.5% pullback in Apple (AAPL) as a normal supply chain fluctuation rather than a threat to its long-term investment thesis.