On Thanksgiving Week, where should investors be looking to put their money? Brent Wilsey, president of Wilsey Asset Management, and Alan Valdes, vice president of Kabrik Trading, shared their best trades.
Wal-Mart—“We’re looking at people spending cash this year, and not so much credit cards,” Valdes told CNBC.
“And if you’re looking to spend cash, [Wal-Mart has] low prices, wide variety, quality and they’re opening at midnight on Thursday. I think Wal-Mart’s the way to look this weekend for sure.”
ConAgra—“Sales are up 5.3 percent,” Wilsey said of the food firm. “They’ve cut their debt by $500 million, which cut their interest payment by $20 million and their EPS rose by 50 percent…This company is doing everything right to make themselves financially strong.”
Lancaster Colony—“This company does dinner rolls, biscuits, glassware, even candles,” he said. “So it’s a type of company that you want to buy…Their sales are up 4 percent, which beat the industry, and they have no debt in the balance sheet. So it’s a very strong company and a great time to buy.”
More Market Views:
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- Turkey Day 101: How Well Do You Know Your Bird?
- Retail Earnings and Sales to Improve in Q4: Analyst
CNBC Data Pages:
No immediate information was available for Valdes or Wilsey.