The September dip is creating some buying opportunitiesā¦but Iām definitely NOT buying every dip. š Here are three areas Iām watching right now and the stocks that stand out. [Full video linked below] š CYBERSECURITY Cybersecurity continues to be one of my highest-conviction themes. AI spending is exploding, and whether AI becomes the productivity revolution weāve been promised or creates an entirely new generation of cyber threats, companies simply canāt afford to cut security spending. Iām not trying to pick one winner here. I own the group: ā¢ CrowdStrike (CRWD) ā¢ Fortinet (FTNT) ā¢ Zscaler (ZS) ā¢ Okta (OKTA) ā¢ Palo Alto Networks (PANW) These stocks arenāt cheap, but the growth and long-term spending theme are why I continue to hold them. š”ļø š» SOFTWARE Software is getting much more complicated. AI could pressure traditional subscription revenue for some companies, and recent earnings have shown why investors need to be picky. But that same disruption is creating opportunities in companies positioned around AI agents, cloud infrastructure and orchestration. Four Iām watching on the dip: ServiceNow (NOW) Snowflake (SNOW) Datadog (DDOG) Cloudflare (NET) ServiceNow is still down sharply this year, while Cloudflare is positioning itself as an important middleman between AI agents and model usage. These are the kinds of software names I want to watch as the market separates AI winners from potential losers. š¤ āļø TRAVEL & THE CONSUMER This is where Iām much more cautious. Travel stocks have been falling, but Iām less interested in buying the dip than in what that weakness may be telling us about the U.S. consumer. Weāve already seen warning signs from retailers, and weakness spreading into travel could be another signal that consumers are finally feeling the pressure. Thatās why consumer-related stocksāespecially travel and retailāare the major area Iām avoiding right now. ā ļø And the next big test comes next week: Costco earnings. Costco could give us another important read on consumer spending and whether recent weakness is isolatedā¦or becoming something much bigger for the economy. There are plenty of dips worth buying. The trick is knowing which dips might keep dipping. Check out Wednesday's video here for full analysis into each of these trends and what I'm buying https://youtu.be/IjYr5acuBT4
