He liked it before, but he sold it. He was wrong. Investors feared GNRC was too tied to housing, but the grid is so poor in the US that you can make money owning GNRC.
Unless something actually goes right with the market, like good news, then the rally will not last. China's lockdowns, Putin's Ukraine war, and hot inflation continue to drive markets down.
Likes it but has sold shares from February to early April, because cyclicals get hit when the Fed tightens aggressively. Shares have fallen so far that it trades under 5x earnings; Wall St. worries earnings will plunge in 2023 after the Fed kills inflation (and high steel prices). The stock could be attractive now. Today, Nucor announced it will buy C.H.I. Overhead Doors (makes garage doors) and shares fell because it puzzled investors.
Nearly doubled from the start of Covid to last November, but has plunged back and then some. In January, they issued lukewarm guidance, then a negative pre-announcement in late March as they deal with supply shortages. Also have announced the acquisition of a consumer electronic company that he doesn't understand why. Recently, they have reported bullish guidance and better numbers. Perhaps they have already bottomed. rebounded from lows.
AHY: Accidental high-yielding stocks that have fallen so far that their dividends now pay huge. The only AHY that he's still confident with. They reported a good quarter. However, he came into this too early and was overconfident about retail overall. SPG pays nearly a 6% dividend.
AHY: Accidental high-yielding stocks that have fallen so far that their dividends now pay huge.
Regional banks like this make money whenever the Fed tightens, because they pay the same interest on your deposits, then invest that money in risk-free short-term treasuries to earn a big profit. The big national banks have too much exposure now, in contrast. Based on Ohio, HBAN is expanding across the midwest where manufacturing is heating up. Boasts solid deposit and loan growth, and pays a 4.8% yield.
AHY: Accidental high-yielding stocks that have fallen so far that their dividends now pay huge.
His favourite investment management bank as they pivot towards the more stable wealth management business.