Contrarian fund sells PayPal, invests in real estate and oil picks
The Zacks Analyst Blog Highlights: Pioneer Natural, ConocoPhillips, Concho, Devon and Chevron
On CNBC's "Fast Money Halftime Report," Kevin O'Leary said he's short Schlumberger (NYSE: SLB) and Chevron (NYSE: CVX) after originally wanting to go long.He changed his mind after hearing Joe Biden's view on fracking during Thursday night's presidential debate."A closer election than what people think, a contested outcome for about five days," said O'Leary. "The time to buy energy stocks is gonna be in the chaos of not knowing whether Biden, who made it clear last night, wants to wipe out the hydrocarbon infrastructure."He's going to stay in the trades until chaos hits, then he'll go long on the aforementioned stocks.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * 18 Stocks Moving In Thursday's After-Hours Session * Chipotle's CEO On Digital Business, Potential Price Hikes, Growth(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.