Kevin Simpson, Capital Wealth Planning CIO, joins ‘Closing Bell: Overtime’ to give his bullish case for energy.
Devon Energy (DVN) raised their quarterly dividend to $1.55 from %1.27 per share. The Chevron (CVX) stock price is up 35% in 2022. Will energy stocks continue to outperform crude oil? “Investors saw a massive selloff of energy stocks after the June 16th highs. Investing in energy is not so much a play on oil, but a play on cash flow,” says Kevin Simpson.
Kevin Simpson, founder and chief investment officer at Capital Wealth Planning, and Catherine Faddis, founder and CEO of Grace Capital, join CNBC’s ‘Squawk Box’ to discuss markets ahead of the open.
Kevin Simpson, Capital Wealth Planning founder, joins ‘Closing Bell: Overtime’ to discuss his market moves.
We’re still in a bear market bounce with too many headwinds, says Capital Wealth Planning’s Kevin Simpson
Kevin Simpson, Founder and CIO of Capital Wealth Planning, joins Worldwide Exchange to discuss the Fed’s 75 basis point hike, his expectations for the upcoming real GDP read, and the broader markets.
Kevin Simpson, Capital Wealth Planning founder, joins ‘Closing Bell: Overtime’ to discuss Microsoft and Visa earnings and the market response.
PepsiCo (PEP) earnings report indicated $1.86 in EPS and $20.23B in revenue, beating the estimates. PEP stock price is relatively unchanged year-to-date. “With supply chain problems, inflationary environment, and potential for a recession, PepsiCo managed to grow organically. The company looked for cost cutting measures to improve their bottom line,” says Kevin Simpson. Next, Tom White discusses a bullish call vertical example trade on General Mills (GIS) and a neutral to bullish covered call example trade on PepsiCo (PEP).
Mimi Duff, investment strategist at GenTrust, and Kevin Simpson, founder and chief investment officer at Capital Wealth Planning, join CNBC’s ‘Squawk Box’ to break down markets ahead of the open.
“Valuations are getting attractive now and it’s okay to buy stocks here. The UPS stock price is cheap and offered a dividend increase. Dow Inc. (DOW) stock is getting sold on commodity pressures. Also, Marathon Petroleum (MPC) has a dividend yield of 2.8%,” says Josh Smith. Next, Tom White discusses example neutral to bullish option trades on MPC and UPS.