Trinity Industries Inc (NYSE:TRN), LinkedIn Corp (NYSE:LNKD), and Pandora Media Inc (NYSE:P) were named by Craig Hodges in a discussion on CNBC about which stocks to buy and which to sell.
According to the President & Portfolio Manager at Hodges Funds, the market has a “healthy mix of anxiety and optimist. In the discussion, Hodges discusses where investors may want to put their money in this kind of market.
In the case of Trinity Industries Inc (NYSE:TRN), he said that the stock is one people should buy. The company is having “tremendous success,” Hodges said, because of oil by rail booming in the U.S. Furthermore, the company is well-run, he added.
In the case of social media stocks like LinkedIn Corp (NYSE:LNKD) and Pandora Media Inc (NYSE:P) Hodges said that they may be a little overheated. These names trade at very high multiples, he noted. Asked if there is an impending selloff, he said that this is not necessarily the case. However, he said that there is always a risk in investing in companies that do not have earnings.
Watch the interview below.
Trinity Industries Inc (NYSE:TRN) shareholders includes Robert Bishop’s Impala Asset Management which reported about 1.36 million shares in the company by the end of the first quarter. During this period, Ken Griffin’s Citadel Investment Group also reported about 1.02 million shares in Trinity Industries Inc (NYSE:TRN).
Hedge funds with a stake in LinkedIn Corp (NYSE:LNKD) includes Cliff Asness’ Aqr Capital Management which reported, at the end of the first quarter, 102,935 shares in the company. Another hedge fund with shares in LinkedIn Corp (NYSE:LNKD) is Paul Tudor Jones’ Tudor Investment Corp which reported 91,700 shares in the same period.
Pandora Media Inc (NYSE:P) investors includes Crosslink Capital managed by Seymour Sy Kaufman and Michael Stark. The hedge fund reported about 16.27 million shares in the music streaming company by the end of March. David Greenspan’s Slate Path Capital also held about 4.83 million shares in Pandora Media Inc (NYSE:P) by the end of the first quarter of the year.