Don Nesbitt sees tariff effects in the CPI if you “dig a little deeper” – and says more are coming. He also notes a “bifurcation” between higher and lower income consumers in bank earnings, even as the overall consumer seems healthy. His stock picks now include FedEx (FDX), which has been “unfairly punished” and T-Mobile (TMUS), where he sees tailwinds coming. He also likes Qualcomm (QCOM), which is “moving away from dependency” on Apple (AAPL) and moving into data centers.
Trading 360
15 Jul 2025
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