Watch out—momentum stocks are out of favor

Investing


Crispr Therapeutics AG: “Here’s the problem: that’s a momentum stock, and right now, momentum is out of favor so I cannot necessarily recommend that Crispr is the place to be.”

Camping World Holdings: “I think it trades with Thor, frankly, whether it should or not, and Thor hit another 52-week low today, so I am going to say not yet, not yet, not yet.”

Spectrum Pharmaceuticals: “No, man. If you’re going to do that, you want to go high end. I want you [in] Amgen, which my charitable trust owns. Amgen’s got this drug, Aimovig, which is taking the world by storm. It’s an anti-migraine drug. Amgen is the one you want.”

Avangrid Inc.: “All the utility stocks are going down. The two I’m recommending are Dominion now that it’s finishing up the South Carolina situation, but more importantly, AEP.”



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