Trade It of Fade It: JPM, GEV, IBM, CRWD, NDAQ

Investment Recommendations - JP Morgan: While considered a best-of-breed Money Center bank with tailwinds from regulation and a potentially steeping yield curve, its price-to-book and price-to-tangible book ratios are at pre-financial crisis levels, suggesting it's expensive; a fade is recommended [1][2][3] - GE Vernova: Despite challenges in the wind segment due to the current administration, the electrification segment, driven by AI and data centers, presents a tailwind, making it a buy; however, after a 100% increase in two and a half months, a pullback is expected, suggesting current owners should hold, but new investors should wait [4][5] - IBM: Initially boosted by quantum computing announcements, IBM is no longer considered cheap; however, some believe IBM is turning around and could be impactful with quantum computing, making it a buy [6][7] - NASDAQ: Valuation is not unreasonable, and with the potential return of IPOs, NASDAQ is a buy, especially on pullbacks to around 75 [8][9][10] - Crowd Strike: Despite a high valuation, Crowd Strike is considered the name to own in security and cyber trends due to its growth profile and order book, making it a buy [10][11] Market Trends and Dynamics - Money Center banks are benefiting from regulatory tailwinds and a potentially steeping yield curve [1][2] - An uptick in M&A and investment banking revenue is expected [2] - Electrification, driven by AI and data centers, presents a tailwind for certain companies [4] - The potential return of IPOs could benefit NASDAQ [8][9] - Security and cyber trends favor companies like Crowd Strike [10]