University of San Diego finance professor Dan Roccato shared some market insights and investing tips for the New Year of 2023 on 'Fox & Friends' on Monday.
Roccato first mentioned that investing in Treasury bills is a "no-brainer" right now.
"If you’ve got some excess cash, and you can earn 4.5% or more short-term with virtually no risk — state tax-free for most folks — that’s a no-brainer all of us should be doing," he said.Investors should look into adding "recession-resistant" stocks to their portfolios, such as Pfizer or Walmart, Roccato said, though he clarified that he is not specifically in the business of recommending individual stocks.
Roccato also referenced companies that have great cash flow such as Apple, Chevron and Verizon, as well as non-USA stocks such as BP and Nestle.CLICK HERE TO READ MORE ON FOX BUSINESS University of San Diego finance professor Dan Roccato shared market insights and other thoughts on"Fox and Friends" on Jan. 2, 2023.
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