“It’s a 7% yield. A very safe place to hide in this environment,” she added.
Bryn Talkington of Requisite Capital Management named BHP Group Ltd (NYSE:BHP) as her final trade. “China will reopen. There’s an election year in China.” Talkington said. The stock offers a a 9% yield and $64 is a good entry point, she added.
Check out other reopening plays making big moves in the premarket.
Stephen Weiss of Short Hills Capital Partners recommended to sell Doximity Inc (NYSE:DOCS), citing their disappointing results. He added that the stock is “way too expensive.”
Joseph Terranova of Virtus Investment Partners chose Progressive Corp (NYSE:PGR) as his final trade. “Nice shareholder return, buying back stock, returning a dividend,” he said.
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