On CNBC’s “Halftime Report Final Trades,” Bryn Talkington of Requisite Capital Management chose Energy Select Sector SPDR Fund (NYSEARCA: XLE (NYSE:XLE)), saying it’s at $72 and may hit $69 before rising to $75. “Not enough supply versus too much demand is the bigger risk,” Talkington stated. “China will reopen. They have an election this year. I think it’s a good entry point,” she added.
Stephen Weiss of Short Hills Capital Partners recommend cash but named Bank of America Corp (NYSE: NYSE:BAC) for those those who “have to buy something.” The stock has declined “quite a bit” since the bank reported “a pretty good quarter,” Weiss mentioned.
Check out other banking stocks making moves in the premarket.
JPMorgan (NYSE:JPM) Private Bank’s Anastasia Amoroso recommended to “buy the dip” in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA: HYG)
Jim Lebenthal of Cerity Partners named Cleveland-Cliffs Inc (NYSE: CLF), saying it is “a simple cash flow story.”
Joseph Terranova of Virtus Investment Partners said there has been “a little but of a pullback” in Marriott International Inc (NASDAQ: MAR), which represents an opportunity to go long.
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