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2 Stocks to Buy, 1 Stock to Sell
In this episode, MarketBeat contributor Chris Markoch returns. He and Kate discuss three stocks Chris has been evaluating in light of the escalating Russia-Ukraine crisis. Chris discusses two stocks to buy, and one to sell.
Points discussed in this episode:
-Markets hate uncertainty: This is a time when investors need to be very careful; things can change quickly. Volatility is likely to be around for some time
-You have to invest for how things are; not how you might want them to be. Some sectors will perform well. You owe it to yourself to invest where the growth is.
Stocks to Buy:
Energy Sector: Chevron (NYSE:CVX)
● Stock is up approximately 14% since the invasion (2/24)
● Record free cash flow in 2021
● “significant” debt pay down
● Higher dividends for 34 consecutive years
● Continued plans for share buybacks
Cybersecurity Sector: Palo Alto Networks (NYSE:PANW)
● Up approximately 15% since the invasion (2/24)
● Top cybersecurity pick by Morgan Stanley – believes PANW stock will outperform sector
● Beat on top and bottom lines in February 21 – days before the invasion
● Significant analyst price target increases
Stock to Sell: John Deere (DE)
● Love the long-term story but short-term outlook looks challenging
● Deere’s presence in Russia spans 130 years
● In 2018, they announced plans to expand Russian operations
● In September 2021, agribusiness was rated one of the most promising sectors of Ukraine’s economy
● Both countries are important fertilizer producers
Links mentioned in this episode:
https://www.marketbeat.com
This podcast is hosted by ZenCast.fm
View all episodes
By MarketBeat.comIn this episode, MarketBeat contributor Chris Markoch returns. He and Kate discuss three stocks Chris has been evaluating in light of the escalating Russia-Ukraine crisis. Chris discusses two stocks to buy, and one to sell.
Points discussed in this episode:
-Markets hate uncertainty: This is a time when investors need to be very careful; things can change quickly. Volatility is likely to be around for some time
-You have to invest for how things are; not how you might want them to be. Some sectors will perform well. You owe it to yourself to invest where the growth is.
Stocks to Buy:
Energy Sector: Chevron (NYSE:CVX)
● Stock is up approximately 14% since the invasion (2/24)
● Record free cash flow in 2021
● “significant” debt pay down
● Higher dividends for 34 consecutive years
● Continued plans for share buybacks
Cybersecurity Sector: Palo Alto Networks (NYSE:PANW)
● Up approximately 15% since the invasion (2/24)
● Top cybersecurity pick by Morgan Stanley – believes PANW stock will outperform sector
● Beat on top and bottom lines in February 21 – days before the invasion
● Significant analyst price target increases
Stock to Sell: John Deere (DE)
● Love the long-term story but short-term outlook looks challenging
● Deere’s presence in Russia spans 130 years
● In 2018, they announced plans to expand Russian operations
● In September 2021, agribusiness was rated one of the most promising sectors of Ukraine’s economy
● Both countries are important fertilizer producers
Links mentioned in this episode:
https://www.marketbeat.com
This podcast is hosted by ZenCast.fm