Bill Miller says the market has entered a new order. This is what he is looking for in stocks
Markets / May 12, 2022 / DRPhillF / 0
Investor Bill Miller told CNBC Thursday that investors need to behave differently during these sell-offs than they did during the downturn in 2020. Miller, who was one of the few Wall Street giants to call for stock purchases in March 2020, said the stock market has He entered a “different system” and it was not clear when the total selling would stop. “I have no idea if we set a floor,” Miller said on “The Exchange,” adding that this environment was more like the 1970s than the pandemic-induced sell-off in 2020. With that in mind, Kabir said Investment Officers at Miller Value Partners It’s time to look for stocks with low P/E multiples and bumper dividend yields. He named several stocks that fit this profile, including OneMain Financial, General Motors, and home builder Taylor Morrison. “They hit all the cylinders at Taylor Morrison. Their stock is very cheap and they buy it back,” Miller said, referring to a recent conversation with the company’s CEO. Another name mentioned by Miller is Bausch Health. That company just brought its eye health business, Bausch + Lomb, to market through an IPO, which is expected to help the original Bausch pay off its debts. However, Miller does not completely abandon the areas of technology and growth in the market. While he said he was “completely wrong” about his used car e-commerce platform Vroom, which has fallen to less than $2 a share, Miller said he still has positions at Facebook and Amazon’s Meta Platforms. And despite this week’s massive sell-off in cryptocurrencies, Miller said he remains bullish on Silvergate Capital as a way to gain exposure to the industry. Miller made his name as a portfolio manager at Legg Mason Capital Management, where he established a multi-decade success track record.
Bill Miller
Scott Millian | CNBC
Investor Bill Miller told CNBC Thursday that investors need to act differently during these sell-offs than they did during the downturn in 2020.
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Amazon.com Inc, Bausch + Lomb Corp., Bausch Health Company, Business News, Frome Company, General Motors Corporation, Inc., investment strategy, markets, Meta Platforms Company, OneMain Holdings Inc, proactive, Silvergate Capital Corp., Taylor Morrison Home Corp
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