Category: All News

Tortoise's Rob Thummel on CNBC

SQUAWK BOX | Buy energy stocks despite sell-off turmoil, portfolio manager says – The energy sector has taken a hit during the sell-off as oil prices tumble further into bear market territory. Rob Thummel, senior portfolio manager at Tortoise Capital Advisors, joins “Squawk Box” to discuss.

Thornburg Investment Management's Jason Brady on CNBC

Stock sell-off stretches into day two – here’s what to watch now | Stocks too pricey? – Jason Brady, president of Thornburg Investment Management, said valuations don’t look attractive here. “Cash flow generative companies trading with an attractive yield — those are interesting. Some of the things that folks believe will be cyclical may be less cyclical. JPMorgan is coming out with forecast for 2020 being more challenging. That’s been a tough place to be just lately but banks are going to be less cyclical than they were in 2008, so you got to look at valuations, you got to look at fundamentals. I would just say at these market levels, valuations are not particularly supportive.”