Investors should 'pick through' for stocks that have bottomed, Gilman Hill's Jenny Harrington says

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?

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

During this volatile stock market, is it better to buy individual stocks — or invest in an ETF? Experts weigh in.Financial Face-off: During this volatile stock market, is it better to buy individual stocks — or invest in an ETF? We’re already in a recession. ETFs all the way! No cherry picking for me, its exhausting. Beijing Biden
Source: MarketWatch - 🏆 3. / 97 Read more »

Self-Driving Startups Have Lost $40 Billion In Stock Market Valuation In 2 Years“It appears investors have mostly given up,” Crunchbase analyst Joanna Glasner says.
Source: ForbesTech - 🏆 318. / 59 Read more »

U.S. stocks book big gains Monday, S&P 500 records best day in two weeksU.S. stocks closed sharply higher Monday as quarterly corporate earnings picked up steam. The Dow Jones Industrial Average gained about 550 points, or 1.9%, ending near 30,188: greedflation
Source: MarketWatch - 🏆 3. / 97 Read more »

‘Material risk’ looms over stocks as investors face bear market’s ‘second act,’ warns Morgan StanleyStock-market investors have been adjusting to the jump in interest rates amid high inflation, but they have yet to cope with profit headwinds faced by the... No earnings, market sinks. Multiple reflect earning power of which their is little. Market has totally under appreciated risk for years Thought it was a one way ticket to rewards. Market give them, markets taketh away. Now is time when individual cos fundamentals matter
Source: MarketWatch - 🏆 3. / 97 Read more »