Markets wavered on Friday, after a weak opening following disappointing GDP and existing-home sales data, as traders played the market in a tight range. Where can you find some value in today’s stock market?
Connor Browne, co-portfolio manager at Thornburg Investment Management, shared his insights.
“We take a ‘comprehensive approach’ to value investing,” Browne told CNBC.
“We think the important distinction is between momentum investing and contrarian investing and we’re contrarian investors.”
“We think the integrated oil companies look attractive,” said Browne. “If everything works out, we might be able to get a double on those two stocks over the next couple of years.”
Fiserv —“We think there’s going to be a lot of earnings power in a recovery scenario for Fiserv,” he said. “We love it…We like it a lot right here.”
Life Time Fitness —“Even as tough as this economy has been, earnings fell only 5 percent in 2009—so they held up very strong,” he said.
“With 84 current clubs today, we think Lifetime could add another 150 to 200 over time in the U.S.”
- Watch Browne's Previous Appearance on CNBC (Sept. 30, 2009)
More Investor Opinions:
- 5 Dividend Growth Stocks for Next Week: Strategists
- 'Fast' Traders: Is Goldman Sachs in Bigger Trouble?
- 10 Company Brands That'll Outperform Markets: Analyst
CNBC Data Pages:
No immediate information was available for Browne or his firm.