Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Jenny Harrington, CEO, Gilman Hill Asset Management and Sarat Sethi, Managing Partner, Douglas C. Lane & Assoc. commented about whether CMCSA-Q, XPO-N, UAL-Q, JBLU-Q, C-N, C-N, PYPL-Q, DAL-N, GM-N, AXA-N, JBLU-Q, UMPQ-Q, FISV-Q, IBM-N, PANW-N, FISV-Q are stocks to buy or sell.
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BUY
COMMENT
A hawkish Fed triggering a sell-off today, so sell? If you're fully invested and rely on income from your dividend stocks, you can't sell everything now. Consider your capital gains bill. If your time horizon is long, then keep holding and you'll be fine. Don't be cute by selling now just to avoid a 10% drop in the market if there's a recession.
BUY ON WEAKNESS
Airlines are getting hit now by higher fuel costs, but this is a reopening stock and it trades at only a single-digit multiple. Endure the next few weeks of bumpiness as the Fed raises rate and hold cheaper-value cyclicals because they will outperform. He would add to it. The CEO said recently he can't meet customer demand.
Transportation
BUY ON WEAKNESS
They're in the penalty box. During lockdowns, people were doing a lot of e-commerce, but will be going out. Also, PayPal spent a lot of money to add customers but that didn't pay off. The CEO has his work cut out for him. If they miss a third quarter in a row, then they're in trouble. This is a show-me story. That said, he is adding to this core position because valuations are so low.
