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Charles Gets Bullish

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  • Description

    FBN’s Charles Payne on his stock picks for today, and why he is feeling bullish.

  • Duration 2:29
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This transcript is automatically generated

Let that -- -- -- that makes money child's name is here it has been a -- day on the -- up down -- down -- -- look at that look at the -- Charles.

Sixty points -- is really obviously -- yeah not that much.

And it looks crazy no agreement talking about tomorrow's jobs numbers I I think because we might get a free pass a sandy -- no matter what they are you know him -- another -- I think -- -- their disaster risk that a stand in of their great pay and economies are fantastic in that sentiment but it is difficult to trade in this environment right now is very difficult to trade -- and I and I think people have to be very aware because in that the keyword use straight.

Do you wanna be a traitor but do you wanna be an investor you know I -- that so many people Tommy.

Charles I don't wanna be a trader could buy stock at thirty and go to 28 dollars and four cents and like like any -- -- -- -- start.

What the -- I don't know ought to be a -- people can easily be shaken out of this market which is one of the reasons I'm beginning to get a little bit.

Bullish about the market in general -- on the stock individual stock I had elected to the macro thing but I don't like the way the market acts okay we're we've seen a shaking out of the weeks is as we have the market pull back really hard sharply here recently.

We see the -- -- and apple -- the weak holders of stocks the weak sisters.

For the most part of its second half those stocks armed mostly strong hands right now I would take a disaster is what is -- -- -- -- a -- over the cliff.

You know what if we did go over to cliff and we did see the market pull back sharply I would be looking to be a buyer on that pull back but here's -- thing Tracy.

I'm also sure we would necessarily collapse I think -- market fell apart.

And in an effort to push lawmakers and -- in an effort to do with the bond market isn't gonna get more bond vigilantes right though the stock market -- have taken.

And that's -- -- say because we've never seen fundamentals this drop in most of our companies they're lean machines these American companies that are treating these days right in the past -- announced its.

I mean expenses are down there.

Employees are downright frankly like ground there there can't really -- was positioned to take off.

A really truly are you are right on ahead and and you know itself from from a valuation traditional valuation metrics right there a whole lot of stocks that look like screaming buys on yourself they've moved any lower I would caution people who consider themselves or would like to be investors not to get caught up.

In the near term emotional aspect to this.

In the meantime if they do get a -- that the street likes look at thirteen 613 1600 and the -- have been nice pop 550.

Points you know yeah the first leg -- -- exists and is Johnson may not be okay.

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