5 Stocks That Credit Markets Expert Steve Ketchum Likes

Below we present the list of 5 stocks that credit markets expert Steve Ketchum likes. For our methodology and a more comprehensive list please see 9 Stocks That Credit Markets Expert Steve Ketchum Likes.

5. Gray Television, Inc. (NYSE:GTN)

The second half of our list of stocks that Sound Point Capital founder and credit markets expert Steve Ketchum likes kicks off with Gray Television, Inc. (NYSE:GTN). Ketchum’s fund owns 39,257 shares of GTN as of September 30, unchanged from the middle of 2021, and has been a shareholder of the stock since late 2015. GTN shares are in the midst of a great run, having gained 83% since the end of October 2020.

One of the 10 Best Media Stocks To Buy Now, American TV broadcaster Gray Television, Inc. (NYSE:GTN)’s $2.83 billion purchase of Meredith Corporation was recently approved by the shareholders of that company. Hedge funds like Gray Television’s strong free cash flow generation, with a yield that currently tops 30%, and believe that the mid-term elections and its stable of core ads should help the company quickly deliver.