On CNBC’s “Halftime Report Final Trades,” Jenny Harrington of Gilman Hill Asset Management said that Devon Energy Corp (NYSE:DVN) is “minting cash” due to elevated oil prices. The company offers an 8.8% dividend and trades at 10 times earnings, Harrington mentioned. Devon Energy is a “terrific way to take advantage of the market’s pullback,” she added.
Also Read: After 27.5% Drop In Disney Shares, Could Bob Chapek Be On His Way Out As The Mouse's CEO?
Joseph Terranova of Virtus Investment Partners said that UnitedHealth Group Inc (NYSE:UNH) had “recently reclaimed all of its three major moving averages,” which will “engage the quant funds that focus on momentum” and take the stock higher.
Check out other stocks making big moves in the premarket.
Stephen Weiss of Short Hills Capital Partners said he was “staying in cash.” The US dollar index (DXY) climbed on Monday and traded close to 104.
Jon Najarian said that WideOpenWest Inc (NYSE:WOW) has around 2 million customers. Traders are “aggressively buying upside calls,” he added.
