Winner of the 2018 CNBC stock draft bet on AMD and it paid off big

The investment bank was the worst-performing stock of Lowery’s picks, down about 17 percent since the start of the draft.

However, he’s still a believer in the name. Sticking with the Super Bowl theme, he compared the company to Patriots owner Robert Kraft. Like Kraft, Goldman re-established its dominance in its field, Lowery said. The Patriots lost the 2018 Super Bowl to the Philadelphia Eagles but came back for the win this year. And Goldman Sachs, he said, is once again an authority in mergers and acquisitions.

“You’re going to see a lot of $50 [billion] and $100 billion mergers from Goldman Sachs,” Lowery predicted.

Lowery will defend his title in the CNBC 2019 Stock Draft on April 25.

Disclosure: CNBC owns the exclusive off-network cable rights to “Shark Tank.”

— CNBC’s
Stefanie Kratter
contributed to this report.


Source link

Products You May Like

Articles You May Like

60% of millennials don’t have $500 to cover their tax bill: Survey
BAC Q1 2019 earnings: Another record quarterly profit
BlackRock q1 earnings
Your first trade for Wednesday, April 17
With car-leasing prices on the rise, here’s what to do before you sign

Leave a Reply

Your email address will not be published. Required fields are marked *