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Zacks Market Edge Highlights: Occidental Petroleum, Expedia, United Airlines, Royal Caribbean and Facebook

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For Immediate Release

Chicago, IL – February 27, 2020 – Zacks Market Edge is a podcast hosted weekly by cks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:

Warren Buffett’s Simple Advice for Investors in 2020

Welcome to Episode #214 of the Zacks Market Edge Podcast.

Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.

This week, Tracey is going solo to talk about the stock market volatility due to the coronavirus epidemic and what investors can do during it.

Coincidentally, this week legendary value investor, and Chairman of Berkshire Hathaway, Warren Buffett joined CNBC’s Becky Quick in a multi-hour interview covering a range of investing topics, including what an investor should do during these volatile times.

You can watch the full interview on YouTube here.

His advice was classic and is worth repeating.

Key Advice from Warren Buffett

1.       Investors are owners. You don’t just own a “stock”. You own the business.

2.       Don’t buy or sell your business based on headlines. Has the long-term outlook changed at all?

3.       Have cash on hand for buying opportunities.

Seems simple, right?

But for many investors it’s hard to execute. Panic and fear often take over.

But why not take control of the situation.

How do you do that?

Have a plan.

Make a Wish List for that Cash

Keep a wish list of your favorite stocks and where they would need to trade to go “on sale.”

1.       Energy. Occidental Petroleum (OXY - Free Report) just hit 52-week lows. It has a dividend yielding 8%, but earnings are coming up so be sure to check in and see if that dividend is “safe.”

2.       Travel. Expedia (EXPE - Free Report) shares are down 10% on coronavirus fears. It just announced it was cutting 3,000 jobs, or 12% of the work force, as well. It’s trading with a forward P/E of 15.

3.       Airlines. United Airlines (UAL - Free Report) has fallen 12% in the last 5 sessions. It also withdrew its 2020 guidance due to the coronavirus uncertainty. It’s trading with a forward P/E of 6 but those earnings estimates could be cut shortly.

4.       Cruises. Royal Caribbean (RCL - Free Report) has fallen 18.6% in the last week on coronavirus fears. The shares are now yielding 3.2%. It has a forward P/E of just 9.6.

5.       Social media. Facebook is down 9% over the last 5 sessions and now trades with a forward P/E of 21. But with three massive platforms, Facebook, Instagram, and WhatsApp, it has the ability to keep friends and family connected during these uncertain times.

What else should you know about staying calm during this market volatility?

Listen to this week’s podcast to find out.

[In full disclosure, the author of this article owns shares of FB in her personal portfolio.]

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

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