Tags: gunlach | doubleline | shorting | stocks

Gundlach: DoubleLine Shorting Some Restaurants, Airlines and Retailers

Gundlach: DoubleLine Shorting Some Restaurants, Airlines and Retailers

Thursday, 22 September 2016 08:49 AM

Jeffrey Gundlach, chief executive of DoubleLine Capital, said that he has been selectively shorting shares in some restaurants, airlines and retailers.

He told CNBC that economic growth is sub-par and that continues to be reflected in certain names in the Standard & Poor's 500 Index.

He said that there are pockets of momentum in the stock market right now.

Gundlach, whose firm has more than $100 billion in assets under management, said he's shorting consumer discretionary stocks in the current environment. He explained that while that sector has risen in recent years, it's a "bad story" right now to invest in.

Gundlach declined to name individual companies.

© 2021 Thomson/Reuters. All rights reserved.


InvestingAnalysis
Jeffrey Gundlach, chief executive of DoubleLine Capital, said that he has been selectively shorting shares in some restaurants, airlines and retailers.
gunlach, doubleline, shorting, stocks
107
2016-49-22
Thursday, 22 September 2016 08:49 AM
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