Buy the dip in these two ‘best-in-class’ names, strategist Jay Woods says

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Buy the dip in these two ‘best-in-class’ names, strategist Jay Woods says

Recent pullbacks in

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and Goldman Sachs may provide a golden opportunity for investors, according to Jay Woods of Freedom Capital Markets. The firm’s chief global strategist appeared on CNBC’s ” Power Lunch ” on Thursday, offering his takes on some of the day’s biggest market stories. Here is what he had to say during “Three-Stock Lunch.”

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Shares of the dominant e-commerce platform fell almost 4% Thursday, leaving it off 5.5% for the week and on pace for its fifth straight weekly loss on the heels of President Donald Trump’s tariff developments . “We’re afraid of tariffs. We know that concern, but overall, you look at what they’ve done consistently over time, it’s best in class,” Woods said. AMZN YTD mountain AMZN, year-to-date While the stock has fallen nearly 9% year to date, it has still risen almost 16% over the past 12 months. Woods also highlighted

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shares holding above their 200-day moving average, now around $200, according to FactSet. “I want to put money to work here,” he continued. “I want to get in the stock. If you’ve not been in

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, you have a time to get into it right now, because $200 is a great level. And then, if this market accelerates, I think anything cheaper [is a] great opportunity.” Goldman Sachs Like

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, Woods views Goldman Sachs – which also fell more than 4% Thursday – as another best-in-class stock giving new investors an opportunity to buy. “Mergers and acquisitions are going to happen,” he said. “Now, we’re living through tariff season, which I didn’t know was a season until just recently, and we are focused on that, and M & A has been pushed to the side.” “We haven’t seen these deals come through, but I don’t for a minute believe that this isn’t a good place to enter the stock over the long term,” Woods added. GS YTD mountain GS, year-to-date Goldman Sachs’ Thursday decline brings the one-month loss to almost 14%. Over the past year, however, Goldman is still ahead 46%. Exxon Mobil Shares of Exxon Mobil rose 2.1% Thursday, helped by firmer oil prices , though global benchmark Brent was still below $70 a barrel amid uncertainty over President Trump’s tariffs as well as plans for OPEC+ to increase production. “I know the price at the pump has been going down and the sector has been beaten down, but if you can stay long the stock above $102, $103, you can manage that risk,” the strategist said. “I think Exxon Mobil is a great entry spot here at this $107 level, I believe. If it gets above $112, it should run to $120.” The stock is down more than 5% in the past three months.

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#Buy #dip #bestinclass #names #strategist #Jay #Woods

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