Today, Joe Terranova and Jenny Harrington, CEO, Gilman Hill Asset Management commented about whether AMBP-Q, SBLK-Q, XPO-N, SWKS-Q, ROST-Q, SWK-N, PEP-Q, ADM-N are stocks to buy or sell.
She owns many oil stocks, such as Shell. Collect the dividends. As long as oil stays above $60 a barrel, these companies continue to make cash. Many trade under 10x earnings. Chevron and Exxon's PEs are getting stretched, so she prefers dividend names like Kinder-Morgan, Devon and Pioneer. Targets collecting a 12% return this year.
Is higher despite downgrades today. They spun off GXO and RXO. It now trades at 6x EBITDA vs. peers of 10x or 18x, so it's trading at a discount. XPO gained market share last quarter. Shares ran up 32% year to date before earnings, but expectations were so high, so shares fell back after the report. Still, it's cheap vs. peers and run by superior management.
He added shares last week, because he was under water this name. Energy remains long-term uninvestible, but it is tradable for 6-12 months. Oil has major down cycles, but last year was great (and he missed it). Oil can still fall to $60 a barrel, but you can still lose your shirt with oil.
Believes energy the most under valued sector in the market.
Important to value individual stocks, rather than worrying about macro issues.
Company fundamentals more important than inflation/interest rates concerns.
Opportunities in tech with recent market sell off.
Investors must be careful when buying, even at the bottom of the market.
Investors willing to put in the work to uncover cash generating stocks - will be rewarded.
Utility sector presenting good buying opportunities with rising interest rates (recent selloff).
Cheap PE, likes agriculture and pays a 2.2% dividend. Still likes it. If you own this already, don't add more. Instead, buy Corteva in this space.