1 day Ago
President Donald Trump is expected to impose a new round of broad tariffs on Wednesday, and that may provide a compelling entry point for investors in certain stocks, according to Eric Jackson of EMJ Capital. Heading into what Trump has called "Liberation Day," Jackson – the firm's founder – told CNBC's " Closing Bell: Overtime " that Peloton and Chinese tech stocks such as Alibaba are particularly attractive. Peloton announced in 2022 that it was planning to outsource its manufacturing and expand its partnership with Taiwanese manufacturer Rexon Industrial.
While shares of the company have fallen more than 28% in the past three months, the stock is still ahead more than 43% in the past six months. "It's just a valuation story with them," he said. "They really have been assumed to be kind of dead.
They have this sort of steady state 2 million subscribers though that just love the service and are sticking with it. Any growth that they see, tariff or not, is sort of a bonus." PTON 6M mountain PTON, 6-month Jackson also highlighted Peloton's new chief executive, Peter Stern, a former Ford executive and the co-founder of Apple Fitness+ who took the helm at the exercise equipment and media company earlier this year.
"There's a lot of fat that they could potentially still cut out of this company," Jackson continued. "I think they're going to surprise people with some profits as we go through this year." Jackson said he recently bought shares in Alibaba, which he believes is "still very undervalued.
" U.S. shares in the the Chinese e-commerce platform have soared more than 56% in 2025 alone.
"I think actually Alibaba is a better [artificial intelligence] play than Nvidia for at least Q2 and perhaps the rest of the year," Jackson said. " They can surprise people with DeepSeek-type announcements of their own, and maybe an Alipay or Ant Financial kind of announcement as we go throughout the year, too." BABA YTD mountain BABA, year-to-date Jackson also called cryptocurrency-related stocks including DeFi Technologies and quantum computing companies such as BTQ Technologies , which he owns, attractive.
The two have risen 18% and 664%, respectively, over the past six months..
