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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of America is one of the best run banks in the U.S., says Oakmark Fund's Bill NygrenThe Oakmark Fund's Bill Nygren joins 'Closing Bell' to discuss the bank stock rebound and those banks where investors can find opportunity.
Oakmark Select Fund's Bill Nygren said it is a good time to buy bank stocks, as attention shifts away from the failure of Silicon Valley Bank and toward financial names he believes are strong investments. "I think it's important for people to understand just how different SVB is or was compared to other bank stocks," Nygren said on CNBC's "Closing Bell." The fund manager said the tech-focused Silicon Valley Bank lacked a diversified source of depositors, almost all of them being uninsured, and also had a substantial investment in long-duration assets. The portfolio manager said that the bank stocks Oakmark owns trade at a multiple that is about six to eight times their earnings. It dropped by more than 12% on Monday after banking regulators seized Silicon Valley Bank and Signature Bank, the second- and third-largest bank failures , respectively, in U.S. history.
Watch CNBC's full interview with Oakmark Funds' Bill Nygren
  + stars: | 2023-03-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Oakmark Funds' Bill NygrenOakmark Funds' Bill Nygren joins 'Squawk on the Street' to discuss where he's looking for value in the market right now.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe try to find things priced much more attractively than the market, says Oakmark's Bill NygrenOakmark Funds' Bill Nygren joins 'Squawk on the Street' to discuss where he's looking for value in the markets right now.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdobe is a company we have admired for a really long time, says Oakmark's Bill NygrenBill Nygren, Oakmark Portfolio Manager, joins 'Squawk on the Street' to break down what stocks the fund is keeping an eye on now.
Last year's losing market created a new host of buying opportunities for long-term value investors across different sectors, Oakmark Funds' Bill Nygren said Thursday. In the energy sector, Oakmark opted to keep positions in APA , Conocophilips and Dominion Energy , which have more non-earning assets, Nygren said. The portfolio manager then used the cash to buy Canadian auto parts manufacturer Magna International . It is a single-digit price-to-earnings stock that fell to around $60 from $100 at its high, Nygren said. MGA 1Y mountain Magna International "We think they're under earning today because of supply chain problems," Nygren said.
Despite the comedown, many stocks still are expensive on a price-to-earnings basis when compared with the broader S & P 500, which trades at 18 times earnings. As of Monday's close, Meta shares trade at 11 times earnings on a 12-month trailing basis, down from 24 times at the start of 2022. PE ratios for all three stocks have come down significantly this year, with Cisco trading at 17 times earnings, compared to more than 23 times at the start of 2022. Within the semiconductor sector, Meeks favors names operating within industrials and autos, that are better positioned in a slowdown. While risk-averse tech may be the name of the game for 2023, some investors caution opting out of growth altogether.
Watch CNBC's full interview with Oakmark Fund's Bill Nygren
  + stars: | 2022-11-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Oakmark Fund's Bill NygrenBill Nygren, Oakmark Funds, joins 'Closing Bell' to discuss if he believes the overall equity markets are cheap, if the risk of recession is reflected in the stocks he favors and how Disney's investment picture has changed with Iger back at the helm.
There are opportunities to pick up value stocks in today's market, though it isn't cheap overall, according to Bill Nygren, a portfolio manager at Oakmark Funds. "There are lots of expensive stocks and lots of very cheap stocks," he said on CNBC's "Closing Bell" on Tuesday. He also likes a slew of media names including Charter Communications , Disney , Netflix and Warner Brothers Discovery. Nygren also likes Disney for its assets, including its theme parks and its outstanding film library. In the group, Oakmark thinks that Netflix, Disney and Warner Brothers Discovery are winners in that battle.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe spread of P/E multiples is 40% wider than normal, says Oakmark's NygrenBill Nygren, Oakmark Funds, joins 'Closing Bell' to discuss if he believes the overall equity markets are cheap, if the risk of recession is reflected in the stocks he favors and his thoughts on Charter Communications.
Schatz of Heritage Capital looks for what he calls "high-flier" or "second-tier" technology stocks severely battered this year but pushing higher. Playing defense When looking outside of big tech, investors may also want to consider looking out for more defense-focused names. His picks include IBM, which trades at just 14 times forward earnings and offers a sticky revenue base. Schatz of Heritage Capital looks for what he calls "high-flier" or "second-tier" technology stocks severely battered this year but pushing higher. His picks include IBM, which trades at just 14 times forward earnings and offers a sticky revenue base.
Watch CNBC's full interview with Oakmark's Bill Nygren
  + stars: | 2022-10-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Oakmark's Bill NygrenBill Nygren, Oakmark Funds portfolio manager, joins 'Squawk on the Street' to discuss widening PE ratios leading to new investment opportunities, thinning names that have gone to premiums like consumer nondurables, and buying more cyclical names.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWidening P/E ratios present new opportunities for investors, says Oakmark's Bill NygrenBill Nygren, Oakmark Funds portfolio manager, joins 'Squawk on the Street' to discuss widening PE ratios leading to new investment opportunities, thinning names that have gone to premiums like consumer nondurables, and buying more cyclical names.
The volatile market is pushing some cyclical stocks' price-earnings ratios to levels that Bill Nygren, portfolio manager at Oakmark Funds, sees as "unsustainably low." "When the markets are really volatile like they have been, that tends to lead to an increase in the distribution of P/E ratios," Nygren said on CNBC's "Squawk on the Street." Nygren said that recession fears are driving down companies' P/E ratios. This number is what you get when you divide a stock's price by the annual earnings per share. Nygren said stocks that are currently selling at lower-than-typical P/E ratios have long-term value for investors who can wait out current pressures on company earnings and share values.
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