Latest Stock Buy or Sell?
Today, Stephen Weiss, Founder, Short Hills Capital Partners and Jon Nagerian, Co-founder, MarketRebellion.com commented about whether USFD-Q, VOW-GR, XPO-N, NXPI-Q, TLT-Q, SWKS-Q, C-N are stocks to buy or sell.
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BUY
He started a new, small position. A rising yield curve and rates will benefit. Citi has lagged peers so badly, but the CEO is doing the right moves. So, he is entering Citi now.
banks
$67.995
Owned
BUY
He added to his holding. 50% of their business is with Apple while other businesses are growing nicely. They reported a good quarter and is selling at 10x earnings.
electrical / electronic
COMMENT
He covered this yesterday and will continue to trade this. If yields fall, he'll short this again.
E.T.F.'s
BUY
It's a new position. He called a great quarter for peer ON Semiconductor and he was right. He also called a great quarter for NXP and got it right, but this time shares didn't react. So, he bought it. Chip demand from autos is a tailwind.
INDUSTRIAL PRODUCTS
BUY
Added more to his core position. Their CEO is unsung, despite a solid track record in managing energy and other companies. He's a moneymaker. At XPO, he spun-out GXO. Smart. He executed a pivotal plan after a recent weak quarter. Trades at a ridiculous 8x EBITDA with the market twice that. They lead in the truck brokerage space. They are killing it on every front.
Transportation
BUY
He believes they will spin out Porsche and this will add heavily to their market cap.
Automotive
COMMENT
We could have seen the market lows last month, but there remain Russian tensions and crude oil prices returning above $90/barrel. If either jumps the wrong way too quickly, markets could fall and re-test January lows. He doubts it. Overall, things are better. America will be de-masking indoors around March 1 and this will encourage people to get back out there. A lot of optimism is building.
Unknown
