4 Stocks 'Super Mario' Gabelli Is Moving
GAMCO Investors’ Mario Gabelli was on CNBC this Friday to talk stocks; he even moved a few.
4 Stocks 'Super Mario' Moved
Sony Corp (ADR) (NYSE: SNE) was the most notable mover during the interview. The stock started recovering some of the ground it lost during the morning after Gabelli stated on air: “I’m buying Sony.”
Shares of the tech giant are trading near $27.26 as of this writing.
Of note, Gabelli's bullishness on Sony is nothing new. He recently disclosed ownership of 5,877,906 shares in his fourth quarter 13F, worth more than $120 million.
Aviation holding company Gogo, Inc. (NASDAQ: GOGO), meanwhile, is also up after Gabelli called it "an interesting stock.” According to SEC filings, funds affiliated with Gabelli owned about $3.88 million in Gogo’s stock in Q4 of 2014.
Gamco owns about $300 million worth of American Express stock; its stake in Discovery is around 15 times smaller.
Regarding Amex, Gabelli said he likes the stock at current levels, a comment that pushed shares up more than 1 percent on Friday afternoon.
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