CNX Resources Corp

NYSE:CNXUnited States

By Ian Salisbury

Meb Faber has one of the toughest jobs in investing. He's a value-oriented money manager in a market that has gone gaga for growth stocks. But he thinks there are plenty of winning stocks beyond highfliers like the Magnificent Seven.

Trend following, historically, has done fantastically during those periods. It did well in 2022, and during the Covid pandemic, and in 2008-09. Its Achilles' heel is that it often doesn't do well during the other times. From 2009 to 2018, trends stunk it up relative to the S&P 500. But as a compliment, it is probably the No. 1 thing you can add to your portfolio to diversify returns and risk.

Trend following, historically, has done fantastically during those periods. It did well in 2022, and during the Covid pandemic, and in 2008-09. Its Achilles' heel is that it often doesn't do well during the other times. From 2009 to 2018, trends stunk it up relative to the S&P 500. But as a compliment, it is probably the No. 1 thing you can add to your portfolio to diversify returns and risk.

Ratings actions from Benzinga: https://www.benzinga.com/quote/CNX/analyst-ratings

(END) Dow Jones Newswires

October 30, 2024 12:58 ET (16:58 GMT)