These developments make for a challenging investing environment as market participants prepare for more rate hikes by the Federal Reserve (Fed) and companies reporting setbacks due to prices rising globally. Consequently, Jack Ablin, the Chief Investment Officer (CIO) and founding partner of Crescent Capital, joined TD Ameritrade Morning Trade Live show to discuss the investing environment and share some of the stocks he is looking at during this market.
Watch for Quality
Further, the discussion on where investors should look for in this kind of market environment revolved around quality names which have room to grow despite the numerous macro headwinds. He also added:
Jack Ablin’s stock picks: CVX, XOM, KO, MCD
Moreover, Ablin added four names to his stock pick list, most of which are in the green in 2022; these include Chevron (NYSE: CVX), up over 18% year-to-date (YTD), Exxon (NYSE: XOM), up 31% YTD, Coca-Cola (NYSE: KO) up over 6% YTD, and McDonald’s (NYSE: MCD) down over 6% YTD. Ablin added that he is comfortable putting new money into these stocks as he sees them as a defense in this market environment. Despite the markets showing signals of possible further declines, there seem to be pockets where investments still make sense. Apparently, dividend investing in high-quality names could offer protection to what the markets bring in the near future. Buy stocks now with Interactive Broker – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
