On today’s installment of Good Buy or Goodbye, Market Domination host Julie Hyman is joined by Allspring Global Investments Senior Portfolio Manager Bryant VanCronkhite to elaborate more on his latest stock winners and losers, a showdown between Graphic Packaging Holding (GPK) and the SPDR S&P Regional Banking ETF (KRE).
Graphic Packaging — which creates packaging for commercial products and consumer goods — is “playing offense” through its CapEx spending strategy and building of a manufacturing plant in Waco, TX, VanCronkhite explains. He also cites the company’s free cash flow positives as it produces “such a unique competitive advantage” with this Waco facility.
Turning his attention to the regional banking sector, VanCronkhite doesn’t find much value in the industry’s asset base, using SPDR S&P Regional Banking ETF as an example. He points to deregulation under President-elect Donald Trump’s second administration — much like his first term — to be a major boon for Big Banks that may not exactly be applicable to regionals:…