Latest news with #ChrisGrisanti
CNBC
4 days ago
- Business
- CNBC
China-U.S. tariff talks need quiet period before leader negotiations: Longview's Dewardric McNeal
MCC Global Enterprises' Michelle Caruso-Cabrera, MAI Capital's Chris Grisanti and Longview Global's Dewardric McNeal, join 'Power Lunch' to discuss Elon Musk's sendoff from DOGE, challenges with China negotiations and much more.
CNBC
01-05-2025
- Business
- CNBC
These two health-care names work in a 'difficult' market, says MAI Capital Management strategist
In this volatile environment, there could be big opportunities in two health-care names, according to Chris Grisanti, MAI Capital Management's chief market strategist. Stocks have been rocky amid fears about President Donald Trump' s high-tariff policy and the economy. On Thursday, equities moved up again after investors reacted to strong earnings from two tech titans, Meta Platforms and Microsoft , out after the bell Wednesday. Grisanti said his health-care plays will work best "when the market gets more difficult again." He gave his two buys, and one name he's avoiding, during the " Three Stock Lunch " segment on CNBC's " Power Lunch " Tuesday. AbbVie The global biopharmaceutical company has done a great job of replacing its blockbuster anti-inflammatory drug Humira, which has faced declining sales since it lost patent protection in 2023, Grisanti said. AbbVie now has two new drugs, Skyrizi and Rinvoq. The company posted first-quarter earnings and revenue last week that topped Street expectations. It also raised its full-year earnings-per-share guidance. AbbVie also announced in February it will invest at least $10 billion in manufacturing in the United States, including four new plants. "They've got a great management [team] there," Grisanti said. "They're mixing up the product line and so that should be real strong." ABBV YTD mountain AbbVie While shares have moved higher in recent days, they still have "a ways to go," he said. The stock lost nearly 7% in April. It is up more than 9% year to date and has a dividend yield of 3.36% UnitedHealth UnitedHealth Group is currently "in the penalty box, for good reason," Grisanti said. Shares have been pummeled since mid-April, when the health-care provider cut its annual profit forecast due to higher-than-expected medical costs. The stock hit a 52-week low on Thursday and is down more than 20% year to date. It has a 2.04% dividend yield. "This is a very rare chance to get this stock, which has great management, terrific 20-year growth profile, at a cheap valuation," Grisanti said. Booking Holdings The last name on Grisanti's list is one that he would not recommend right now: Booking Holdings . The online travel booking provider beat on both the top and bottom lines when it reported first-quarter results on Tuesday. Its gross bookings narrowly topped expectations. However, tariffs are going to start hitting corporate earnings this summer, Grisanti said. "Travel is about the most discretionary category we have," he said. "It's a great company, but I don't want to be owning it if we're sliding towards a recession." Shares are up 3% so far this year.
CNBC
01-05-2025
- Business
- CNBC
Three Stock Lunch: AbbVie, UnitedHealth, and Booking Holdings
Chris Grisanti, MAI Capital Management, joins 'Power Lunch' to discuss Gristanti's investing take on three stocks: Abbvie, UnitedHealth, and Booking Holdings.
Yahoo
23-03-2025
- Business
- Yahoo
Is Alibaba Group Holding Ltd. (BABA)The Best Undervalued Stock to Buy According to Billionaires?
We recently published a list of . In this article, we are going to take a look at where Alibaba Group Holding Ltd. (NYSE:BABA) stands against other best undervalued stocks to buy according to billionaires. Identifying undervalued stocks in an uncertain market environment is both a challenge and an opportunity for investors. Market cycles, economic sentiment, and valuation distortions often create conditions where fundamentally strong companies trade below their intrinsic value, which is generally termed as undervaluation. Understanding these trends and distinguishing between temporary market corrections and broader economic slowdowns is crucial for investors seeking long-term gains. In an interview with CNBC on March 11, Chris Grisanti, MAI Capital Management chief market strategist, highlighted the importance of recognizing market signals and valuations to navigate the investment landscape effectively. He stressed that entry price is a critical factor in investing, especially as valuation distortions have grown in recent years with growth stocks significantly outperforming value stocks. Chris pointed to a shift in market trends, noting that past corrections were often led by tech stocks dragging the market down, resulting in what he viewed as natural and healthy pullbacks. However, this time, the decline is being led by economically sensitive sectors such as banks, airlines, and consumer discretionary stocks, signalling a potential economic slowdown. He cautioned that even irrational fears could become self-fulfilling, as businesses may delay spending and hiring, further exacerbating economic weakness. Examining recent market movements, Chris noted that while tech stocks have continued to struggle, other sectors that previously showed strength, such as banking and airlines, are now also facing pressure. This broad-based decline has raised concerns about a deeper economic downturn. When asked about potential buying opportunities, he acknowledged that while airlines appear undervalued, their susceptibility to economic downturns makes them a riskier bet. For investors seeking to capitalize on undervalued stocks, the key lies in identifying companies with strong fundamentals, stable cash flows, and a proven ability to withstand economic downturns. Companies with pricing power, consistent earnings growth, and strong balance sheets may provide attractive investment opportunities despite broader market headwinds. Additionally, sectors that have been disproportionately punished due to short-term sentiment rather than fundamental weaknesses may offer long-term value for patient investors. While uncertainty remains in the market, periods of heightened volatility often create compelling opportunities for value-oriented investors. A disciplined approach that considers valuation metrics, industry trends, and company-specific strengths can help investors uncover undervalued stocks with significant upside potential. To determine the 10 undervalued stocks to buy according to billionaires, we scanned Finviz and shortlisted the top 10 stocks that are trading at a forward price-to-earnings (P/E) below 15 and are also most favoured by billionaire investors. For the relevant data on billionaires, we leveraged Insider Monkey's database on billionaire holdings. We then arranged the shortlisted stocks in ascending order based on the number of billionaire investors holding stakes in each company as of Q4 2024. Additionally, we provided insights into hedge fund sentiment surrounding these stocks, using data from Insider Monkey's Q4 2024 database of hedge are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). An e-commerce platform displaying a wide range of products to customers Group Holding Ltd. (NYSE:BABA) is a prominent Chinese multinational technology company with strong market positions in e-commerce, cloud computing, and digital payments. Its main operations include platforms such as Alibaba, Taobao, Tmall, and Alibaba Cloud, which together cater to millions of businesses and consumers worldwide. The company's ecosystem also extends into areas like logistics, entertainment, and enterprise solutions. Baron Funds, an investment management firm, shared its 'Baron Emerging Markets Fund' Q4 2024 investor letter, maintaining a positive view on Alibaba despite its underperformance in the last quarter of 2024. They commented: 'We retain conviction that Alibaba is well positioned to benefit from China's ongoing growth in online commerce and cloud in China, though competitive market concerns remain.' Alibaba Group Holding Ltd. (NYSE:BABA) has recently committed over $53 billion towards developing AI and cloud computing infrastructure, including data centers, over the next three years. Moreover, the company introduced its open-source AI model, QwQ-32B, reflecting its aim to lead in artificial intelligence. As China's economy stabilizes, Alibaba is forecasted to regain growth momentum, especially in international e-commerce and cloud computing, driven by these substantial investments. The stock has a consensus Buy rating, with a 1-year median price target of $165.7, suggesting an approximate 18% potential upside. Overall, BABA ranks 10th on our list of best undervalued stocks to buy according to billionaires. While we acknowledge the potential of BABA to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BABA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
20-03-2025
- Business
- Yahoo
Is JD.com Inc. (JD) The Best Undervalued Stock to Buy According to Billionaires?
We recently published a list of . In this article, we are going to take a look at where Inc. (NASDAQ:JD) stands against other best undervalued stocks to buy according to billionaires. Identifying undervalued stocks in an uncertain market environment is both a challenge and an opportunity for investors. Market cycles, economic sentiment, and valuation distortions often create conditions where fundamentally strong companies trade below their intrinsic value, which is generally termed as undervaluation. Understanding these trends and distinguishing between temporary market corrections and broader economic slowdowns is crucial for investors seeking long-term gains. In an interview with CNBC on March 11, Chris Grisanti, MAI Capital Management chief market strategist, highlighted the importance of recognizing market signals and valuations to navigate the investment landscape effectively. He stressed that entry price is a critical factor in investing, especially as valuation distortions have grown in recent years with growth stocks significantly outperforming value stocks. Chris pointed to a shift in market trends, noting that past corrections were often led by tech stocks dragging the market down, resulting in what he viewed as natural and healthy pullbacks. However, this time, the decline is being led by economically sensitive sectors such as banks, airlines, and consumer discretionary stocks, signalling a potential economic slowdown. He cautioned that even irrational fears could become self-fulfilling, as businesses may delay spending and hiring, further exacerbating economic weakness. Examining recent market movements, Chris noted that while tech stocks have continued to struggle, other sectors that previously showed strength, such as banking and airlines, are now also facing pressure. This broad-based decline has raised concerns about a deeper economic downturn. When asked about potential buying opportunities, he acknowledged that while airlines appear undervalued, their susceptibility to economic downturns makes them a riskier bet. For investors seeking to capitalize on undervalued stocks, the key lies in identifying companies with strong fundamentals, stable cash flows, and a proven ability to withstand economic downturns. Companies with pricing power, consistent earnings growth, and strong balance sheets may provide attractive investment opportunities despite broader market headwinds. Additionally, sectors that have been disproportionately punished due to short-term sentiment rather than fundamental weaknesses may offer long-term value for patient investors. While uncertainty remains in the market, periods of heightened volatility often create compelling opportunities for value-oriented investors. A disciplined approach that considers valuation metrics, industry trends, and company-specific strengths can help investors uncover undervalued stocks with significant upside potential. To determine the 10 undervalued stocks to buy according to billionaires, we scanned Finviz and shortlisted the top 10 stocks that are trading at a forward price-to-earnings (P/E) below 15 and are also most favoured by billionaire investors. For the relevant data on billionaires, we leveraged Insider Monkey's database on billionaire holdings. We then arranged the shortlisted stocks in ascending order based on the number of billionaire investors holding stakes in each company as of Q4 2024. Additionally, we provided insights into hedge fund sentiment surrounding these stocks, using data from Insider Monkey's Q4 2024 database of hedge are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A wide and imposing view of a supply chain distribution center, illustrating the company's technology Inc. (NASDAQ:JD) is one of China's largest e-commerce platforms, known for its strong logistics network and commitment to product authenticity. Unlike traditional marketplace models, controls its own supply chain, offering fast and reliable deliveries through its extensive warehousing and fulfillment infrastructure. Following strong 2024 earnings results, a Mizuho analyst raised the price target on Inc. (NASDAQ:JD) from $43 to $50 while reiterating an Outperform rating. The analyst noted that delivered better-than-expected results, with revenue growth and margin expansion driven by government trade-in programs for appliances and electronics, as well as an improved supermarket selection. The increase in price target reflected the company's solid performance and positive outlook. Overall, JD ranks 4th on our list of best undervalued stocks to buy according to billionaires. While we acknowledge the potential of JD to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than JD but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
