Investors should be looking granularly at individual stocks to tell if they've bottomed and if it's a good time to buy, said Jenny Harrington, chief executive officer of Gilman Hill Asset Management. She said on CNBC's "Halftime Report" on Tuesday that the current moment in the market is not as bad as the 2008 recession or the worst of the Covid-19 pandemic. But she did call it "asymmetrical," as companies within industries and indexes do not move as a monolith.
While she does not know how long the process will take, she said it may be something that is looked back on as healthy for the market. She added the biggest impact on the market is sentiment, not inflation. Harrington said traders are worried about knee-jerk moves, but long-term investors should simply "stay the course." Harrington pointed to data storage company Seagate , which is down about 52% this year, as one that has already bottomed.
TUNE INTO GREGORY MANNARINO AND FIND OUT WHATS REALLY GOING ON
Let me guess Apple Netflix caterpillar Walmart Amazon
Tesla is a buy
Looks like APE bottomed at $1.48.. now at $2.10+
Let me know the picks when y’all get them huh?
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