Similarly, the war in Ukraine and the energy crisis in Europe have market participants focusing on manufacturing sectors and energy companies, which have had a solid run in 2022. On the other hand, there are other additional interesting sectors to look at, according to Mario Gabelli, chairman, and CEO of Gabelli Asset Management, who joined CNBC’s Squawk Box on September 9 to discuss where he sees additional investment opportunities. Notably, the billionaire value investor highlighted both the farming and aerospace sectors as investment ideas due to the fact that there are firms whose stocks should go up both in the short and long term.
Agriculture and aerospace
Gabelli underlined that there is a lot of confusion regarding the new proposed 15% tax indicating that the agricultural sector could benefit due to a $535 billion government stimulus, among other things. He also added:
Hypersonics and ground defense
Hypersonic weaponry seems to be the buzzword in the defense sector, as Gabelli also mentions that this type of weaponry is what they’re paying attention to as well, as Lockheed recently performed a successful test. The second company in this market segment that Gabelli mentioned is Crane Holdings (NYSE: CR), which is looking to separate into two distinct entities, and in the next few years, will be earning $6-$7 per share, according to Gabelli. It seems that billionaire value investors are looking at the two hottest sectors to find stocks for the long-term. Food and defense are the ones that make a lot of sense in a world weighed down by fears of war and food shortages. Buy stocks now with Interactive Brokers – the most advanced investment platform Featured image via CNBC YouTube Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
