Another record-busting day for the stock is rolling the dice with the Nasdaq Composite Comp for Thursday,
Willing to lead the way south.
There is no doubt that some are feeling resentful about the epidemic we witnessed for stocks. The Bank of America Merrill Lynch “Done Panic” list found that every hour since the March Kovid-19 lockdown, central banks have bought assets worth $ 1.4 billion and the market cap of the Nasdaq-100 to $ 1.6 billion. (more)
If the above doesn’t help, our idea is pack Phone of the day It is possible. This comes from Jack Murphy, chief investment officer and chief portfolio manager at Levin Easterly Capital, which seeks cheap and unvalued stocks, mostly weak since the 2008–09 financial crisis.
“We like good companies that are down in value with attractive valuation features or we can identify some of the changes going forward. We love companies that are breaking up or splitting.
He sees a lot of “good companies” out there with 30% to 50%. “The economy doesn’t need to get better, you don’t need to lower interest rates, you don’t need more incentives in the economy for these stock ideas,” Murphy said.
His first pick was General Motors GM,
– Below 15% yoy. The automobile manufacturer generates large cash flows with cars and crossover sport-utility vehicles and trucks, though loses money on its electric-vehicle (EV) and driverless car units.
“We think they are undergoing a strategic review right now on whether they should make a partial initial public offering of their automated electric vehicle business,” he said, noting how the plan went, GM at least There can be at least 50% global variety.
“The fact is that General Motors, which produces billions in free cash flow, has a market capitalization of $ 42 billion and Tesla TSLA,
Which does not generate even a billion in FreeCashflow has a market cap of $ 455 billion – we think there is a massive disconnect, ”said Murphy.
He also likes the European cable and broadband operator Vodafone VOD,
– 24% year-over-year. Among its features is a 7.3% dividend yield, but more important, he expects Vodafone to potentially do an IPO of its cellphone tower business, a lucrative industry. He said that 35% to 50% can be upside down for shares alone.
The next stock is DuPont DD,
– 6% – International flavor and fragrance IFF, which is merging its nutrition business
The spinoff is expected in early 2021. The shares are down 6% year-over-year.
“It’s an incredible shareholder friendly transaction because IFF trades at a large premium valuation, which is worth DuPont,” Murphy said. He feels that DuPont will break up a major business with IFF in the future. Other pluses – DuPont will compromise on some legal issues and an improved China outlook could also boost stocks. “DuPont is trading at $ 55, but closer to $ 85,” he said.
For those looking to grow growth stocks, he says investors are discounting in a very strong environment for very high valuations for a very long time and we think this is dangerous. “With Tesla down 7% in the premarket, the jitters would have arrived.
Nasdaq-100 Futures NQ00,
Heading south with the S&P 500 ES00,
Dipping, but Dow Futures DJIA,
Flat. European Stock SXXP,
Euros are rallying again as EURUSD,
Dollar slipped again between DXY,
How polarized is this stock market? Michael Hartnett, Chief Investment Strategist for Bank of America, reveals this in his list of top market figures:
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