On CNBC’s “Halftime Report Final Trades,” Liz Young of BNY Mellon Investment Management said she had coined a new word, “stagflationtory,” which combine two of the most overused words – stagflation and transitory.
Stephen Weiss of Short Hills Capital Partners said Volkswagen AG VWAGY had disappointed in the quarter and it’s time to buy the stock now. “To put it into perspective,” Ford Motor Company F at nine times earnings would be $19 per share, while Volkswagen at nine times earnings next year will be up 50%.
Jon Najarian cited Merck & Co., Inc MRK as a top pick, while Joshua Brown of Ritholtz Wealth Management chose Amazon.com Inc AMZN.
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