Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Stephen Weiss, Founder, Short Hills Capital Partners and Larry Berman CFA, CMT, CTA commented about whether ZWU-T, GLD-N, XEG-T, VNM-N, THD-N, VOW-GR, MRNA-Q are stocks to buy or sell.
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BUY ON WEAKNESS
Shares are plunging today. They sold over $18 billion of vaccines for 2022. All vaccine stocks have fallen for the same reason: Covid is ending. He's short calls and long puts for Moderna (has been so for many months). Post-vaccine world, he thinks this will be the most-valuable healthcare company, because they have a platform that's grown from 21 therapeutics and vaccines to over 40 in the span of a year. The future is extremely bright. But biotech stocks are event-driven. So, no events, then shorting happens and sellers get impatient.
Pharma & Healthcare
COMMENT
Educational Segment. Looking at a Russian benchmark ETF. Compared to the world performance, it is starting to diverge recently. Looking at the exposures, as oil prices go up, the Russian ETFs have not always tracked it. Oil movements are not good enough to move the ETFs. You have a very high component of energy, materials and financials. Kind of like the TSX but stay away. Would wait to see whatever happens in Russia before buying anything. Would only buy tech and wireless in Russia.
SELL ON STRENGTH
Not early in this play. Oil prices are getting back to the $100 area, but energy stocks won't get back to levels at the time due to the ESG factor. Because of the under-investment in traditional energy stocks, prices may stay elevated. However, it will probably see lower highs per rally. Trimming exposure to energy. Would not add new money and would trim.
E.T.F.'s
BUY ON WEAKNESS
COMMENT
Market outlook. Russia has been amassing troops for a while now and it has only affected the markets for a couple weeks. An attack does seem to be imminent. This is an issue that will be around for weeks. Inflation is also a subject that investors have on their mind. We will hear from the Feds on Friday. Much of inflation is coming from supply side shortages. However, the knock-on effects for wage pressures will be more sticky.
COMMENT
Two drivers behind volatile market are the Russia/Ukraine situation along with the Fed possibly raising interest rates by 50 basis points in March. However markets have been rallying from their lows. His company's portfolios have done well since have been in great places, areas that have attracted capital and still have room. There are now opportunities in tech since many have come down enough in past quarter and are now nicely priced to growth. Their funds hold 5 to 10% in energy stocks which are still cheap compared to the commodity.
