Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Joe Terranova and Jenny Harrington, CEO, Gilman Hill Asset Management commented about whether LUMN-N, DIS-N, VZ-N, CSCO-Q, SNOW-N, DE-N, ABBV-N, IWM-N are stocks to buy or sell.
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COMMENT
Russian threat of invading Ukraine The action of the last few days is pricing in the Russian conflict against Ukraine. Volatility remains and is making is difficult for traders. For investors, they will be okay looking out 12 months. 70% of the S&P has now reported, with many record profit margins. The Russian conflict is pricing out the bullishness not only in oil, but many commodities like aluminum. But it's also a knee-jerk reaction, though it impacts inflation overall.
COMMENT
Russian threats of invading Ukraine The real threat is interest rates. It's a long-term (1-3 years perhaps) consideration/challenge for investors and impacts how an investor values a company and makes investment decisions. Keep an eye on CPI data. What's going on with Russia-Ukraine is terrible from a humanity standpoint, but it doesn't impact her investing decisions; it's short-term.
BUY
She trusts management in buying Splunk. If she doesn't already own Splunk, then she wouldn't want Cisco to own it--but she trusts Cisco's CEO. When they report earnings, she expects a solid quarter, no negative surprises. This is exactly the company to own in this environment. Trades at 15x earnings, with expected 6-8% earnings growth for the next few years. It's do-able. As people work from home and the office, demands for networking will be higher and higher.
electrical
electronic
BUY
She bought it two years, feeling that theme parks will bounce back strongly based on tourism, including international. She targeted $200. Obviously, the recovery is slower than expected and she doesn't know how long it will take, but shares are definitely heading in the right direction. Theme park numbers in this quarter were awesome.
entertainment services
COMMENT
Russian invasion of Ukraine Russia invaded Crimea in 2014 and that had little impact on the US impact. Today, Russia has little impact on US markets, though perhaps it could impact energy globally, certainly Germany. The real driver is inflation. He's seeking stocks that are impacted by interest rates. Look at how discount rates impact company cash flows (well into the future) and the companies' growth? So, look at shorter-term duration stocks.
COMMENT
Russian aggression towards Ukraine We have the lowest confidence reading since 2011, given sharp inflation. Besides Russian aggression, remember that China has been aggressive towards Taiwan, which could elevate after the Olympics. Stocks will be higher in a year or two. Short-term, take profits and hold more cash. He's been 15-17% cash for quite a while and will stay this high.
