Investor Mario Gabelli says it’s time to step up to the plate when it comes to buying shares of the Atlanta Braves . “Today, I want you to buy one share of the Atlanta Braves instead of an Easter present for someone,” the chairman and CEO of Gamco Investors said on CNBC’s ” Power Lunch ” Wednesday. Publicly-traded shares of the baseball team ticked higher Wednesday afternoon after Gabelli’s comments. BATRA 1D mountain BATRA 1D chart Crane In the same interview, Gabelli also pointed to aerospace equipment maker Crane Co. as an attractive company. The stock is up 3% this year and 17% over the past 12 months. Specifically, Gabelli applauded CEO Max Mitchell’s efforts in directing the company. “He split the company, provided financial engineering. They’re going to earn over $6 a share in the current year, and they have good cash flow,” the long-time investor said. GATX Similarly, Chicago-based railcar leasing company GATX , up 2% in 2025 and almost 21% in the last year, is an example of a company with a smaller market capitalization but a good business model. “They have rail equipment in the United States, in Europe, in India, and they own jet engines that they’re leasing through [a] Rolls-Royce partnership, and some they own on their own,” the investor said. “And they’re very smart.” Sony Group Gabelli also singled out PlayStation parent Sony Group as a stock he likes. The investor said that Sony should see a sales tailwind when the next installment in the Grand Theft Auto series is released later this year. Gabelli also believes that Sony’s music divisions will see a boost when music streaming platform Spotify raises prices. The entertainment stock’s American depositary receipts have risen almost 21% this year and are up 47% over the past 12 months. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today’s dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles, and Dan Ives, with a special edition of Pro Talks with Tom Lee. You’ll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
Mario Gabelli says buy Atlanta Braves stock. Here’s what else he likes
on Mar26
by admin | Comments Off on Mario Gabelli says buy Atlanta Braves stock. Here’s what else he likes |