Mario Gabelli Discloses 3 Stock Picks for Second Half of 2014

In a CNBC’s Halftime Report program on Thursday, GAMCO Investors’ Mario Gabelli revealed three of his top picks for the second quarter of 2014. Talking about the market in the second half,  Gabelli said he likes Interpublic Group of Companies Inc (NYSE:IPG), International Game Technology (NYSE:IGT) and International Flavors & Fragrances Inc (NYSE:IFF).

Mario Gabelli

“The market, based on earnings, based on multiples, based on valuations, is OK, but there’s no margin of safety, and you can have a shock. The shock could come out of a faster rise in interest rates on the day it happens because the economy’s getting better. It could come out red line in Syria, what happened in Crimea. There’s a lot that can go wrong, but there’s a lot that go right,” Gabelli said.

Talking about Interpublic, Gabelli said that Michael Roth, who CEO of Interpublic, has done “a terrific job.” Interpublic is one of leading organizations of advertising agencies and marketing services companies, and has a market cap of $8.3 billion.

International Game Technology is his second pick. According to Gabelli, the company is not as well run and a company that has some suitors looking at it, good cash flow.”

“They hired a banker to look at alternatives, which means somebody was knocking on their door, which is not inappropriate, given the lackluster focus on the management team,” Gabelli said about International Game Technology.

The third pick of Gabelli is International Flavors & Fragrances, which is a global creator of flavors and fragrances used in a wide variety of consumer products.

Gabelli said: “a company that has a substitute in what I call the health-and-wellness theme, and that is a substitute for salt and sugar and they are working on it. Hard to get details, and it’s a company that I lik, and owned it for a long time, International Flavors and Fragrances. They’re going through a management change. You’re talking about a company with 80 million shares of $100 stock, $5 in earnings.”

Watch the full video:

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!