Building or rebalancing your portfolio and wondering what investments to consider next?
Here’s what leading experts featured on BNN Bloomberg say investors should consider adding and dropping from their portfolios today.
Brian Mulberry | Chief Market Strategist, Zacks Investment Management
In your opinion, what single investment should investors own right now — and why?
In an oil shock like this, the best way to hedge against the rising cost of energy is to be an owner of the stocks that benefit the most from the higher oil price themselves. Chevron (CVX) is a great example of this. They have the largest mineral reserves in the U.S. Permian Basin and a large commercial operation already in Venezuela – then with their recent acquisition of Hess Energy, they now have one of the largest refining operations in the west.
From your perspective, what is one investment investors should consider dropping from their portfolios — and why?
With high energy costs, discretionary spending is one of the areas hit hardest, so if this is a prolonged price event, you could see how names like Carnival (CCL) would be impacted more than others. Just the concerns around consumer spending and higher operation costs are enough, but a threat of increased global terror is even more difficult to overcome.
