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4 Stocks 'Super Mario' Gabelli Is Moving

4 Stocks 'Super Mario' Gabelli Is Moving
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GAMCO Investors’ Mario Gabelli was on CNBC this Friday to talk stocks; he even moved a few.

The legendary billionaire, once called "the value investor's value investor" by Street Authority, likes to focus on consumer discretionary and utilities stocks, according to data from Whale Wisdom.

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.

Related Link: Did Apple Just Miss The M&A Deal Of A Lifetime?

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.

The money manager also mentioned American Express Company (NYSE: AXP) and Discovery Communications, Inc. (NASDAQ: DISCA).

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.

Image credit: Author

Posted-In: CNBC Long Ideas News Hedge Funds Movers Media Trading Ideas General Best of Benzinga


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