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.”
Browne Likes:
Marathon Oil
ConocoPhillips
“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)
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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
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Disclosures:
No immediate information was available for Browne or his firm.
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