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Central Bank Put is Alive and Well, Fundamentally Companies Are Stronger

July 27, 2023
in Trade Tube
Reading Time: 1 min read
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All the major indices are in the green and approaching new all-time highs in 2015. Adam Sarhan, CEO of Sarhan Capital, tells TheStreet’s Jill Malandrino he is still a buyer in the market, even at these levels. Sarhan would buy on any dips as the Central Bank Put is alive and well, but there are also plenty of fundamental reasons to find value. Sarhan says sectors to watch include, housing, tech, social media and the financials. Specifically he likes Apple, Google, Meritage Homes, Lennar, Bank of America, Linkedin, Facebook and Blackstone. Market composure and stocks moving the needle did not even exist a decade ago and that is why looking at valuations and what is driving profits is key.

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