Michele Schneider breaks down where she sees opportunity and how she manages risk.
Transcript:
Caroline Woods: Talk to us about what you are buying right now. What looks attractive to you?
Michele Schneider: Well, on my shopping list, one of them has been long bonds. It was the unloved to the loved REIT. Yields I still believe will go lower. So that’s a big breakout area. Secondly, in terms of the infrastructure, we actually got into an ETF called alerian MLP which does pipeline. And then I read Phillips and Kinder Morgan are looking at expanding pipelines which is necessary. That type of infrastructure for energy movement just like natural gas is taken a bit. I’m also still looking at my vanity trade. I’m just expanding out. So the impact of the diet drugs. What are consumers going to buy as they go forward. So we’re long Stitch Fix, which is a company that was left for dead. But they’re being smart in their marketing, talking to people that may have fashion confusion, if you will, because now they’re changing their look. Looking at match.com, it had a big sell off, but now it looks like it could be basing again. We’ve been in Novo Nordisk looking at and we’re in Viking therapeutics, but we always trade with a stop to protect our profits. Number one. And number two is if we’re getting in, we need to know what our risk is. And that’s why I mentioned those two stocks Stitch Fix and match because I think the risk is obvious.
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