Investors / stance tracking
What Justin Bergner is saying
FollowFollowingUnfollowPortfolio manager, Gabelli Funds
10 dated public stances tracked since 2026-09-11, most recently 2026-09-11. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Justin Bergner's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Justin Bergner is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
Think we got something wrong? Report a misattribution — we correct it or take it down.
10
tracked stances
8
themes
0
side flips
2026-09-11
last heard
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| AI GROWTH STOCKS | 1 | 1 bearish | 2026-09-11 | |
| FERG | 1 | 1 bullish | 2026-09-11 | |
| HPE | 1 | 1 bullish | 2026-09-11 | |
| Long Dur Treasuries | 1 | 1 bullish | 2026-09-11 | |
| MEMORY CHIP SECTOR | 1 | 1 bearish | 2026-09-11 | |
| PCAR | 1 | 1 bullish | 2026-09-11 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-09-11
long AMZN / long GOOGL
basket
CNBC Fast Money Final Trade · video
Amazon and Alphabet are best-positioned hyperscalers to monetize the LLM and cloud build-out, and unlike pure-play AI names their valuations are more defensible in a rising-rate environment
A ‘Much Larger Pullback’ Is Justified: How to Prepare
2026-09-11
long VALUE EQUITIES / short GROWTH EQUITIES
pair
CNBC Fast Money Final Trade · video
Value stocks offer better risk/reward than growth for the rest of 2026 because value's higher concentration of defensive names is better positioned in a rising-rate, slowing-consumer environment
“value has more defensive stocks, and I think defensive stocks will do a little better”
A ‘Much Larger Pullback’ Is Justified: How to Prepare
Ferguson Enterprises is the largest US building products distributor with 50% non-residential exposure including ~15% of non-res sales from data centers, consistently outgrows end markets by 300-400bps, and recent Flow Works acquisition adds industrial…
“if you're outgrowing your market by 400 basis points, you can still grow when the market's not growing or even shrinking”
A ‘Much Larger Pullback’ Is Justified: How to Prepare
Smucker has one of the better growth profiles in consumer staples with strong brands (Folgers, Jif, Uncrustables), 5% recent sales growth with positive volume, Elliott on the board driving capital discipline and deleveraging toward 3x EBITDA, with buybacks…
“they just have a good set of growing products. Elliott is involved with two designated representatives on the board”
A ‘Much Larger Pullback’ Is Justified: How to Prepare
The backup in long-end yields justifies a much larger market pullback than the ~0.7% weekly decline seen, as higher discount rates erode the present value of future earnings and cash flows across all assets; Bergner advises sitting tight and waiting for more…
“you can certainly justify much larger pullback in the market given the backup in yields”
A ‘Much Larger Pullback’ Is Justified: How to Prepare
2026-09-11
MEMORY CHIP SECTOR
bearish
CNBC Fast Money Final Trade · video
Even if the AI capex cycle extends, new Chinese DRAM/NAND capacity coming online and build-rate constraints will cap memory pricing, making current valuations unattractive regardless of the AI demand story
“I would just probably say the memory area because even if the AI cycle goes on longer, there'll be new Chinese capacity”
A ‘Much Larger Pullback’ Is Justified: How to Prepare
2026-09-11
Long Dur Treasuries
bullish
CNBC Fast Money Final Trade · video
While the long-term trend is for rising rates, the recent backup in long-end yields has moved too far too fast, making bonds a better near-term risk/reward than equities at current levels
“the recent moves feel a little bit too far too fast”
A ‘Much Larger Pullback’ Is Justified: How to Prepare
Hewlett Packard Enterprise is a winner in networking infrastructure and the Juniper acquisition integration is going well, giving it durable exposure to AI-era networking demand at a value price
“just a winner in networking and the Juniper acquisition there is going well”
A ‘Much Larger Pullback’ Is Justified: How to Prepare
PACCAR is an industrial name to own in a rising-rate environment because the trucking cycle is finally recovering, and the stock has pulled back with other industrials creating an entry point
“I like PACCAR just cuz I think the trucking cycle is finally recovering”
A ‘Much Larger Pullback’ Is Justified: How to Prepare
2026-09-11
AI GROWTH STOCKS
bearish
CNBC Fast Money Final Trade · video
Higher interest rates compress the multiples on long-duration growth names, and current rate levels are not supportive of the elevated valuations AI-exposed growth stocks carry
“hold off. Higher interest rates at these levels aren't great for them either”
A ‘Much Larger Pullback’ Is Justified: How to Prepare
Idea Scout Weekly
Every Sunday: who said what across the tape we track — 1766 voices, 5,177 episodes and articles — with side-flips and points of disagreement called out. Free. How we track it.
Free · double opt-in · unsubscribe in one click