Why This Money Manager Just Added Budweiser, International Paper And Northrop Grumman To His Portfolio

Greg Harmon -- CIO and partner at Presidium Capital, founder of Dragonfly Capital and author of "Trading Options: Using Technical Analysis to Design Winning Trades" –- joined Benzinga’s #PreMarket Prep on Thursday, January 22 and reviewed several economic and financial topics.

In particular, Harmon discussed three stocks he likes and added to his portfolio this week, and the reasons behind his bullishness.

Related Link: Super Bowl Marketing Campaigns Heat Up

Budweiser

The first equity Harmon mentioned is Anheuser Busch Inbev SA (ADR) (NYSE: BUD). The investor said that he and his team have some call calendars on the stock and are looking forward to it moving somewhere above $120 some time between February and March.

The stock currently trades at $120.42 at the time of this writing.

Another 'Less Exciting' Option

Harmon then named a second stock that he added to a couple of his portfolios this week: International Paper Co (NYSE: IP). Although he believes this name to be less exciting than Apple or FireEye, he certainly sees some potential in the stock.

International Paper is currently trading at $54.61.

Some Other Ideas

Last, but not at all least, the manager named Northrop Grumman Corporation (NYSE: NOC), which he also added to his portfolio this week and expects to rise in the upcoming months.

Northrop Grumman is trading at $157.17.

Harmon also provided an idea for a potential short -- the iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSEARCA: TLT) -- but highlighted that he usually focuses on the upside in the market.

Don’t forget to tune in to Benzinga’s #PreMarket Prep broadcast Monday-Friday 8-9:45 a.m. ET for a live, interactive morning show with veteran traders and featured finance industry experts ready to answer your questions for the trading day.

Image credit: Dorisall, Wikimedia