Experts on Fox Business’ Making Money discussed various Wall Street stocks, focusing on how investors can bet on them. The discussion included FBN’s Charles Payne, David Nelson, the Chief Strategist at Belpointe and Matt McCall of Penn Financial Group, among others. One of the stocks that came up on the focus was SandRidge Energy Inc. (NYSE:SD), a company that explores and produces oil and natural gas properties. Payne considers the stock as a Hold citing that Wall Street is starting to like the company.
He went on to note that the stock has made extensive investment in its infrastructure, and it is seeing impressive results from its drilling program in Mississippi.
However, Nelson would not be generous on the stock of SandRidge Energy Inc. (NYSE:SD). He said: “It is trading below where it was five years ago.” He further noted that at 34 times the stock is a pretty significant premium to a lot of better names out there. As such, Nelson gives the stock a Sell. Nonetheless, he acknowledged that SandRidge Energy Inc. (NYSE:SD) is in the right sector and in the right area of the country.
The other stock that came on focus was Sierra Wireless, Inc. (USA) (NASDAQ:SWIR). The experts pointed out that the stock is vulnerable from a technical point of view. The stock is a Sell. However, it is an interesting company given its play in the wireless industry.
Nuance Communications Inc. (NASDAQ:NUAN) received favorable view from the experts. Payne, for instance, said, “The company is finally living up to the hype.” Although Payne, considers the stock a Hold, Nelson believes that it is a Buy. The company produces solutions used in healthcare, mobile and consumer markets.
Finally, the experts weighed in on NVIDIA Corporation (NASDAQ:NVDA), which Payne recommended as Hold, saying, “Now they are gaining traction.” Matt McCall said he would Buy the stock because of its opportunities in “self-driving cars, which is the future.” However, Nelson said the stock is a Sell because it is headed to lose an opportunity from Intel Corporation (NASDAQ:INTC), which is responsible for about 40 percent of its earnings in the form of royalty.