The latest on the Iran conflict

Market Sentiment

Key Decisions for Investors

• Establish a 2–3% long position in Alphabet (GOOG) and a 1–2% long in Amazon (AMZN) over a 6–12 month horizon to capture continued advertiser concentration in walled gardens; add on pullbacks of 5–10% and target 20–30% upside within 12 months.
• Initiate a 1–2% short or buy 3‑6 month put spreads on PubMatic (PUBM) or Magnite (MGNI) to hedge adtech/exchange exposure; these names risk 20–40% downside if programmatic spend re‑allocates to first‑party inventory in next two quarters.
• Allocate 1% to a long in LiveRamp (RAMP) or The Trade Desk (TTD) as a contrarian play: if identity resolution standards converge, these vendors can gain share—use 3–9 month call spreads to limit capital at risk.
• Rotate 3–5% of portfolio toward cybersecurity (Palo Alto PANW) and cloud infra (Microsoft MSFT, GCP exposure via GOOG) over 3–12 months, anticipating higher spending on data governance and secure targeting; trim by 20% after reaching +15% gains.