Financial Markets
CNBC/Screenshot
- Mark Mahaney, RBC Capital Markets lead internet analyst, told CNBC that Uber, Facebook, and Reservation are his top 3 stocks as the healing play unfolds.
- The analyst said he’s looking beyond COVID-19 “winners” like online entertainment and e-commerce sites.
- Mahaney’s favorite healing stocks are those with excellent company designs, even if they’re sluggish to recuperate.
- See Business Expert’s homepage for more stories
Mark Mahaney, RBC Capital Markets lead internet expert, informed CNBC on Tuesday that his leading 3 stocks are Uber, Facebook, and Booking.com.
The expert said he’s looking past the “winners” from the COVID-19 crisis, like Amazon, Shopify, and Netflix and relying on healing stocks, or “vaccine stocks”– presumably referring to stocks that will rebound as soon as a vaccine for the coronavirus is developed. On Tuesday Vladimir Putin said that Russia has actually approved the world’s first COVID-19 vaccine, and US companies are racing to develop vaccines.
Mahaney stated the recovery stocks he likes particularly are “the one’s that have actually truly lagged year-to-date, however I believe are great organisation models that are starting to recuperate, perhaps more gradually than I believed two, 3 months earlier, but are beginning to recuperate.”
He then noted “the Ubers and Lyfts, travel names like Booking.com, and … a few of the marketing names like Facebook” as examples.
He said his leading 3 stocks are Uber, Facebook, and Booking. Uber was down 1.96%in before-hours trading on Tuesday. On Monday evening a San Francisco Superior Court judge ruled that the ride-hailing company, in addition to its competitor Lyft, should classify its motorists as workers with advantages rather of independent professionals. Booking is up 2.34%in pre-hours trading and Facebook is down 1.23%.
” That’s the basket I find intriguing as this healing play hopefully unfolds,” Mahaney stated.
