On CNBC’s “Halftime Report Final Trades,” Jenny Harrington of Gilman Hill Asset Management said, “Even with the market going green, I’m not too trusting of the market being a lot better for a long time.”
Harrington recommended “hiding out” in Lumen Technologies Inc (NYSE:LUMN), “which trades at a huge discount to its private market value.” Lumen Technologies reported earnings on Friday, which showed they were “totally fine,” she stated, adding that the company offers a 9% dividend yield.
Stephen Weiss of Short Hills Capital Partners said, “There’s a pretty good chance that the market goes green, stays green today.” He added, however, that he was “staying in cash.” The U.S. dollar index (DXY) eased from a 19-year high on Friday.
Check out other asset classes moving in the premarket.
Jon Najarian said that Cinemark Holdings, Inc. (NYSE:CNK) was “making a nice turnaround.” He added that he had bought the 15 calls.
Kevin O'Leary, known as "Mr. Wonderful," named Chevron Corporation (NYSE:CVX) as his final trade. “Even though all the energy names are being deindexed by sovereign and pension plans, investors love the cash flow. And this one has a beautiful balance sheet, great place to hide in the weeds while there is volatility.”
