Buy Salesforce, Booz Allen, Energy and Sell These Auto Stocks – Booz Allen Hamilton (NYSE:BAH), Salesforce (NYSE:CRM)
On CNBC”Half time report Final trades“, Stephen Weiss of Short Hills Capital Partners said it sold all of its shares of Volkswagen AG VWAGY after having watched CarMax, Inc. KMX. Auto sales are down “just as they are hoarding inventory,” he said.
Karen Firestone of Aureus Asset Management said Booz Allen Hamilton Holding Company BAH is “not a particularly recessionary type of business” and is “not so cyclical”. “We have a feeling that come November, midterm, the Republicans will take over the House. This is positive for the Ministry of Defence,” she added.
Check out other stocks that are making moves in the pre-market.
Brenda Vingiello Sand Hill global advisers said Salesforce Inc. RCMP has “lots of recurring revenue”. “The stock price is back to where it was in 2019,” Vingiello said. “Management just reiterated full-year revenue guidance for this year, looking for 17% growth,” she added.
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Josh Brown of Ritholtz Wealth Management has chosen iShares US Oil & Gas Exploration & Production ETF IEO saying, “The overall market has topped the June and July lows in this latest downturn, but oil and gas stocks have not.” “Buyers arrived exactly as they should have,” he added.