Laszlo Birinyi Jr. Shares His Stock Picks: Apple, Blackstone Group And More

Speaking on CNBC's Fast Money, Laszlo Birinyi Jr. of Birinyi Associates shared his opinion on stocks he owns. He said that he sees no reason for taking profits in Restoration Hardware Holdings Inc RH, although it traded 37 percent higher since he bought it.

Trinity Industries Inc TRN, on the other hand, has been caught by the downturn in the oil play and he decided to take some off the table.

Birinyi is still long The Blackstone Group L.P. BX and he thinks that it is going higher. He likes the dividend it is paying.

Union Pacific Corporation UNP is another stock he likes. He is not considering taking profits in the name because he is looking for a long-term investments and he expects to see more upside.

His favorite stock is Apple Inc. AAPL, but he has not been adding to his long position because it takes 15 percent of his portfolio.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CNBCLong IdeasFast MoneyMediaTrading IdeasBirinyi AssociatesLaszlo Birinyi Jr.
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!