Why This Money Manager Just Added $BUD, $IP and $NOC To His Portfolio

Greg Harmon, CIO & Partner at Presidium Capital, Founder of Dragonfly Capital, and author of "Trading Options: Using Technical Analysis to Design Winning Trades," joined Benzinga’s #PreMarket Prep on Thursday, and reviewed several economic and financial topics.

In this article, particularly, we will look into three stocks that Harmon likes and added to his portfolio this week, and the reasons behind his bullishness.

Budweiser

The first equity Harmon mentioned is Anheuser-Busch Inbev SA BUD. The investor said that his team and him have some call calendars on the stock, and are looking forward to it moving somewhere above $120 some time between February and March.

A Less Exciting Option

Harmon then named a second stock that he added to a couple of his portfolios this week: International Paper Co IP. Although he believes this name to be less exciting than Apple orFireEye, he certainly sees some potential in the stock.

Some Other Ideas

Last, but not at all least, the manager named Northrop Grumman Corporation NOC, which he also added to his portfolio this week, and expects it to rise in the upcoming months.

Harmon also provided an idea for a potential short, iShares Barclays 20+ Yr Treas.Bond (ETF) TLT, but highlighted that he usually focuses on the upside of the market.

Don’t forget to tune in to Benzinga’s #PreMarket Prep broadcast Monday-Friday 8-9:45 a.m. ET for a live, interactive morning show with veteran traders and featured finance industry experts ready to answer your questions for the trading day.

Also check out Rachel Shasha's #PreMarket Prep guest appearance last Wednesday.