Today, Jenny Harrington, CEO, Gilman Hill Asset Management and Jason Snipe, CIO, Odyssey Capital Advisors commented about whether PANW-N, NFLX-Q, UNH-N, GS-N, OGN-N, MMM-N, IBM-N, DIS-N are stocks to buy or sell.
Expecting 1-2 more interest rate hikes in the USA.
Strong US economy will force US Federal Reserve to raise interest rates.
Room in US economy for higher cost of borrowing.
Relative weakness in China causing commodity prices to soften.
Recession fears also weighing negatively on metals and resources.
Equity investors in resource sector being negatively affected by inflation (higher operating & capital costs).
Spun off from Merck two years, but has been sitting in the penalty box. Pays a 5.5% dividend at 5x earnings.