Chief investment strategist at Hightower
Member since: Feb '22 · 181 Opinions
Is hitting a 52-week low. It always trades poorly around its earnings report, but usually recovers. But this time, she doesn't see a recovery. They reported soft bookings, -6% YOY. Are now restructuring their services business, which she doesn't understand. Gross margins missed. She will likely trim her holdings.
The US banks trade below the S&P multiple and will benefit big from NII (net interest income) troughing. Trades at 0.9x book and yields 5%. Is bullish the sector.