Leo Schmidt, chief investment officer of River Eddy Capital Management, favored energy, aircraft leasing and 5G infrastructure development stocks in a February 2021 episode.
Among energy stocks, Schmidt liked natural gas transmission company Equitrans Midstream (ETRN).
“No matter what you think about the price of natural gas, it needs to be moved,” he said. “And we have the cheapest natural gas in the world, except for Saudi Arabia.”
Airline leasing companies were a “fantastic idea” due to “pent-up demand.”
His picks were AerCap (AER) Air Lease Corporation (AL).
Schmidt also said 5G infrastructure developers would be big players, with Nokia (NOK) and Ericsson (ERIC) at the forefront.
“Interestingly, Nokia is the only one out of those three that has supply in the United States to all the legacy carriers,” he said.