Trade Tracker: Stephanie Link buys mores Zoetis

Scott Wapner (Host) 00:00.510

i want to get to a move that you have as well in the best performing sector of the quarter which is healthcare so you got the news today on the FDA approving the first GLP one pill from novo you like animal health you have and you bought more zoetis tell us why

Stephanie Link (Chief Investment Strategist and Portfolio Manager) 00:14.790

do you know it's been not since march of twenty twenty one where this stock zoetis has traded at a discounted multiple to ilanco now congrats to ilanco i happen to own it but it's up eighty one percent it's a turn around story i'm inclined to take more profits there because it's

Stephanie Link (Chief Investment Strategist and Portfolio Manager) 00:33.070

now trading at twenty three times forward when i was buying it at eleven zones wet is on the other hand average thirty times that's its average it's trading at nineteen times and it has massively underperformed for good reason because the CEO cannot execute the last three

Stephanie Link (Chief Investment Strategist and Portfolio Manager) 00:47.270

quarters they actually have come in line but have lowered and that's the reason the stock hasn't done well now i think it's gone overboard i still like the total addressable market i don't know if the CEO is even going to be in the seat a year from now but they better get she

Stephanie Link (Chief Investment Strategist and Portfolio Manager) 01:00.790

better get her act together where it's you're going to have activism because this is a this is a three legged horse right or race rather this is zoetis this is alanco this is index which joe owns and it's a total addressable market that's going to be a hundred billion dollars by

Stephanie Link (Chief Investment Strategist and Portfolio Manager) 01:15.750

twenty thirty five and these guys used to be the leader they still are they have twenty percent market share but they haven't executed i'm assuming that i'm taking it into consideration next year you have a mean reversion

Scott Wapner (Host) 01:28.630

well piper says it's overcorrected and that your willingness to support the new product launches in twenty six and twenty seven will likely be rewarded yeah maybe have to wait they have a neutral on it still yeah but it sounds like you're willing to obviously do that your

Scott Wapner (Host) 01:41.230

favorite trade of late spend the xbi xbi

? (?) 01:44.150

favorite trade the veterinary trade is a very strong trade let's also mention index is in the midst of a little bit of a pullback here sitting right at the hundred day moving average perfect spot from the perspective of a low risk point of reference all right

Scott Wapner (Host) 01:58.270

metals have been in the news this week we might as well hit those before we go gold silver new record high today copper having its best year since two thousand nine freeport jenny gets the target up today to fifty five from forty seven well says overweight yeah

Jenny Harrington (CEO) 02:12.030

and even even with the positive return in it doing so well you still have a company that trades at seventeen times earnings with a seven percent free cash flow yield and it's one of the only ways to get a pure play on copper from just an easy stock

Scott Wapner (Host) 02:25.030

you sold report for anto

Stephanie Link (Chief Investment Strategist and Portfolio Manager) 02:27.550

yeah because the execution is so spotty at freeport so that's the reason it trades at the multiple that it does and if augusta actually is the best operator with the best production growth of thirty percent and it trades at eleven times ebit da but if copper goes higher both of

Stephanie Link (Chief Investment Strategist and Portfolio Manager) 02:40.950

these stocks are going to go higher