On CNBC’s “Halftime Report Final Trades,” Jenny Harrington of Gilman Hill Asset Management said Verizon Communications Inc. (NYSE: NYSE:VZ) is trading at nine times earnings and 5% yield, which is “better than a bond.”
Jim Lebenthal of Cerity Partners mentioned that Bristol-Myers Squibb Co (NYSE: NYSE:BMY) is a “very safe play” with a “very forgiving valuation, decent dividend yield.” He added that it is operating in a space [health care], which seems to “have a nice uptrend to it.”
Check out other healthcare stocks making big moves in the premarket.
Pete Najarian said Pfizer Inc. (NYSE: NYSE:PFE) has solid free cash flow and pipeline. “I think there’s a lot more room to the upside for Pfizer,” he added.
Rob Sechan of New Edge Capital Group said that treasury yields and credit spreads are both close to a peak. He recommended to buy iShares 7-10 Year Treasury Bond ETF (NASDAQ: NYSE:IEF) and “sell whatever high yield proxy.”
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Read at Benzinga