Ritholtz Wealth Management CEO John Brown joined CNBC’s “Halftime Report” to offer his analysis on several stocks ranging from major tech names to Berkshire Hathaway and Shake Shack . Here’s what he said about each: Alphabet The shares were tanking on Wednesday after Apple’s services chief said AI would replace search engines. Brown said he’s bearish on the Google parent as young people opt for AI platforms now. “For the first time, Google finds itself competing in core search. … Basically, Google could go into any business that they wanted to go into, because they had a money printing machine in the basement. It was never in question, and now what we’re seeing … [is] the Gen Zs are going to ChatGPT first.” Crowdstrike Brown recently noted CrowdStrike as one of his Best Stocks . “This is one of the best-performing stocks of the year already. … They had a lot of ground to make up for, and they have. … They just reported a 23% increase in the only number that matters, which is ARR: annually reoccurring revenue.” Uber Brown said the market is starting to figure out Uber ‘s autonomous vehicle story, which is why the stock surged into earnings this year. “Consumers are not going to want to have 10 different mobility apps. So what I think the market is realizing now is that the only thing the consumer cares about is price, convenience and speed.” Reddit He dumped the tech stock , citing bearishness on Alphabet. “The fact that Reddit has been so highly placed atop Google search over the last couple of years is really one of the most bullish things to happen for the company. … There’s a little cognitive dissonance there.” Berkshire Hathaway Brown reaffirmed his confidence in Berkshire Hathaway after Warren Buffett announced his intention to leave the CEO post at year-end. “This is as good of a transition, of a succession plan, as I have ever seen executed anywhere at any company. And it wasn’t sudden and it’s not an illness, thank god. It was something that they painstakingly did over the course of 10 years. … As a forever shareholder, could not be happier.” Shake Shack For his final trade of the hour, Brown said he’s positive on the burger chain’s expansion plan. “I’m bullish, I’m long.” All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL’S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. INVESTING INVOLVES RISK. EXAMPLES OF ANALYSIS CONTAINED IN THIS ARTICLE ARE ONLY EXAMPLES. THE VIEWS AND OPINIONS EXPRESSED ARE THOSE OF THE CONTRIBUTORS AND DO NOT NECESSARILY REFLECT THE OFFICIAL POLICY OR POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC. JOSH BROWN IS THE CEO OF RITHOLTZ WEALTH MANAGEMENT AND MAY MAINTAIN A SECURITY POSITION IN THE SECURITIES DISCUSSED. ASSUMPTIONS MADE WITHIN THE ANALYSIS ARE NOT REFLECTIVE OF THE POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC” TO THE END OF OR OUR DISCLOSURE. Click here for the full disclaimer.
