As the reopening picks up steam, where should you invest your money? We had three of our Real Money columnists each put together a portfolio of their top picks as the economy heats up, and then got them together to discuss and debate their choices in a conversation led by their fellow columnist Bob Lang.
Thematic investor and co-manager of Trifecta Stocks and Stocks Under $10 Chris Versace favors consumer stocks like Coca Cola (KO) – Get Report and Cedar Fair (FUN) – Get Report, while technical trader and managing director of Barchetta Capital Management Ed Ponsi supports a diverse portfolio of consumer, energy and financial stocks such as Choice Hotels (CHH) – Get Report and Caterpillar (CAT) – Get Report. Meanwhile, fundamental investor and writer of Real Money’s popular Market Recon daily column Stephen “Sarge” Guilfoyle is a little less keen on consumer stocks, preferring materials and transportation names such as Freeport-McMoRan (FCX) – Get Report and Union Pacific (UNP) – Get Report that will do well in an environment of rising prices. Perhaps not surprisingly, all three picked entertainment giant (DIS) – Get Report for their portfolios.
In addition to their top reopening picks, the group also talked about how inflation, interest rates and the Fed are affecting their view of the markets and specific stocks in the second half of the year. Watch these experienced traders and market watchers give their insightful comments that will help you understand where to invest now and why.