Munson on CNBCs Power Lunch: Three Stock Lunch from Carnival to Amazon

Let's break down what is going on here. Carnival is one of those "hope" stocks. You hope it will be okay but they needed to raise more equity, diluting shareholders this year and then borrow another billion today. Not my thing. Then we get over to Micron, which continues to have issues selling DRAM in computers and consumer electronics - not the place you want to be right now. Today they say production will be cut by 20%. I understand some will say that means higher prices and profits once the glut becomes scarcity, but if you play that game, why not buy it at a cheaper price to book - you know, when they bang the garbage cans and you can hear "bring out your dead."
Then there is Amazon. A broken down FANG stock that hasn't been this beat up since 2008. They are cutting 3% of their corporate workforce, freezing hiring, closing down unprofitable parts of the business and getting ready for leaner times. I like that. I like buying a big blue chip cheap that nobody wants to own. All the froth from Covid has come out of the price. Sounds like a deal to me.