Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Zachary Curry and Shannon Saccocia, CIO, Boston Private commented about whether ETN-N, META-Q, CNQ-T, BAC-N, AC-T, TPZ-T, SPB-T, RTX-N, QCOM-Q, PLC-T, CPG-T, WM-N, SIA-T, MSFT-Q, FDX-N, BIP.UN-T, CSU-T, DIS-N, TOU-T are stocks to buy or sell.
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BUY
Excellent company with very strong management.
Long term prospects for company excellent.
Large investments into reserves will start to payoff in the coming years.
Strong commodity price good for cash flow.
Conservative balance sheet.
Expecting increase in return to shareholders(buybacks and dividends).
Today a good day to buy with market selloff.
oil
gas
SELL
Sold it today when it made a new 52-week low (the market is sharply selling today). She either added to this or sell it. Their rebrand has not helped their engagement numbers, though she has considered if/how the metaverse can drive that engagement in the future. Meta won't benefit from that in the next 12-18 months. So, she sold.
Technology
BUY
Today, stocks are testing the June 16 low Buying stocks now is like running into a burning house and hoping the fire department saves you before you turn into barbecue. Manage risk and protect capital. He doesn't see a 10% bounce coming for months. He's shorting Europe; the UK is cutting taxes! He's net short. He remains bearish.
SELL
Powell's speech on Wednesday was a shift. You can no longer feel that the consumer and earnings are strong. Instead, there is a lot of uncertainty. The markets know inflation will remain stubbornly high and so will yields to combat inflation. Earnings revisions will come down. He sold this because the consumer will face some challenges, and he needs to protect profits. Today is a classic liquidation day.
household goods
SELL
Powell's speech on Wednesday was a shift. You can no longer feel that the consumer and earnings are strong. Instead, there is a lot of uncertainty. The markets know inflation will remain stubbornly high and so will yields to combat inflation. Earnings revisions will come down. He sold this because the consumer will face some challenges, and he needs to protect profits. Today is a classic liquidation day.
Technology
COMMENT
The Fed has already extracted massive pain. That pain isn't coming. It's here. Also, will we see a broad-based recession, or a recession in only employment or housing? Nobody knows. We're working through it. She expects the Fed to remain data-dependent and adjustable. The S&P multiple has slid, and $3 trillion from five stocks has already exited the overall market cap. That's the pain. The worst is probably behind us. Not everything bottoms at once; there are always pockets of great stocks to buy.
