Don't Call Tech Stocks Overbought: Shana Sissel, Spotlight Asset Group

03/17/21 • 71 min

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Shana Sissel, chief investment officer of Spotlight Asset Group, joins the podcast to discuss her bullish outlook on technology stocks and other views on the markets. Just because tech stocks might not be overbought (yet) doesn't mean there aren't sections of the markets that are frothy. Take SPACs for example. That is sure to end badly. Sissel also has some views on working from home, why there aren't more women in professional investing, GameStop, and which cities in the U.S. have the best pizza, among other things.

Content Highlights (Spotify users can click on the timestamp to link to the segment directly)

The bullish case for tech stocks remains intact. They may be expensive, but you need to pay for growth at this stage of the cycle (3:11);
There's even upside for Zoom Video Communications (NASDAQ:ZM), though not as much as other stocks (7:09);
These other stocks include NVIDIA (NASDAQ:NVDA), Marvell Technology Group NASDAQ:MRVL), and Activision Blizzard (NASDQ:ATVI) (9:32);
GameStop (NYSE:GME) discussion. Yes, really. Though AMC (NYSE:AMC) is a better example of what we're talking about (14:50);
The guest's views on the economic picture and why higher rates are not really a concern (19:07);
Her views on SPACs. Spoiler alert: this won't end well (24:19);
Background on the guest (39:39);
Her podcast, The Black Swans, and how it came to be (51:10);
Women in finance and why they're still under-represented (55:54);
A discussion of pizza: Worcester, Mass. versus New Haven, Conn. versus New York versus Chicago versus Detroit (1:08:18).

More Information on the Guest

Spotlight Asset Group: Who We Are;
Twitter: @ShanaS621;
Podcast: The Black Swans;
Instagram: @finance_queen2020.

Not intended as investment advice.

Content Highlights (Spotify users can click on the timestamp to link to the segment directly)

The bullish case for tech stocks remains intact. They may be expensive, but you need to pay for growth at this stage of the cycle (3:11);
There's even upside for Zoom Video Communications (NASDAQ:ZM), though not as much as other stocks (7:09);
These other stocks include NVIDIA (NASDAQ:NVDA), Marvell Technology Group NASDAQ:MRVL), and Activision Blizzard (NASDQ:ATVI) (9:32);
GameStop (NYSE:GME) discussion. Yes, really. Though AMC (NYSE:AMC) is a better example of what we're talking about (14:50);
The guest's views on the economic picture and why higher rates are not really a concern (19:07);
Her views on SPACs. Spoiler alert: this won't end well (24:19);
Background on the guest (39:39);
Her podcast, The Black Swans, and how it came to be (51:10);
Women in finance and why they're still under-represented (55:54);
A discussion of pizza: Worcester, Mass. versus New Haven, Conn. versus New York versus Chicago versus Detroit (1:08:18).

More Information on the Guest

Spotlight Asset Group: Who We Are;
Twitter: @ShanaS621;
Podcast: The Black Swans;
Instagram: @finance_queen2020.

Not intended as investment advice.

Previous Episode

The Case for Precious Metals Miners, With Sean Fieler, Equinox Partners

Sean Fieler, president and chief investment officer at hedge fund firm Equinox Partners, joins the podcast to make the case for an unloved part of the equity markets: gold and silver miners. This case is based on several variables, starting with unprecedented fiscal and monetary policy that has marked this particular epoch in global financial markets. "The idea that gold and silver wouldn't do well in that environment are totally at odds with financial history," says Fieler. It goes a lot further than this, of course. Fieler discusses the variables and even presents some favorite stocks.

Content Segments (Spotify users can click on the timestamp to link to the section directly)

The case for underlying gold and silver miners, including the compounding of fiscal and monetary policy. (3:03);
Why invest in miners rather than in the physical commodity, or futures contracts thereon? (7:26);
One concern with ETFs tracking prices of physical metals: the administrators are not necessarily reliable counterparties (9:00);
There are risks with owning miners as well, of course (11:41);
More information on the guest (15:17);
One surprising fact: West Africa is a good place to build a mine. Latin America is much more difficult (17:27);
Ghana's fledgling securities market may be a good opportunity for investment (19:48);
One favorite stock: Endeavor Mining Corp (OTC:EDVMF) (21:35);
A microcap name to watch: RTG Mining (GREY: RTGGF), a copper and gold miner in the Philippines (25:19);
A little background on the fund, which predates the gym of the same name (27:52).

Not intended as investment advice.

Next Episode

Archegos Capital and Using Behavioral Finance to Protect Yourself From Yourself

Gary Mishuris, managing partner and chief investment officer at Boston-based Silver Ring Value Partners, joins the podcast to discuss using behavioral finance to protect against mistakes in one's own investing process. The conversation quickly moves to Archegos Capital and whether this is a contained event that can be a buying opportunity -- or whether it constitutes systemic risk for the market in general. Later we discuss financial literacy and how investment managers face a real conflict that prevents them from being true fiduciaries.

Content Highlights (Spotify users can link to the segment directly by clicking on the timestamp)

Behavioral finance: not just to identify investment opportunities (3:42);
The first step is admitting you have a problem (5:25);
The Devil's Advocate Club (6:31);
Archegos Capital and the blocktrade controversy (14:19);
Is the Archegos Capital issue a contained event or something like the Long Term Capital Management crisis? Or perhaps a 'canary in the coalmine' type of thing? (21:40);
Central banks may not have the market's back indefinitely and relying on the Fed may be (24:19);
Background on the guest (32:51);
The conflict preventing fund managers from being true fiduciaries (31:31);
The need for fund managers to train their investors (35:20);
Financial literacy and educating the broader public about investing (46:54);
The name of the fund (Silver Ring) is not a Lord of the Rings reference. The story behind how the fund got its name (50:03)