She bought the beaten down financial stock, saying she sees clarity in the stock's earnings story.
Investor Jenny Harington said she sees a clearer earnings story in Charles Schwab than big technology names that others have rushed back to this year. Harrington said on CNBC's "Halftime Report" that she's recently bought shares of the Westlake, Texas-based financial stock, which she said has been unfairly beaten down as people "freaked out" over March's regional bank crisis.
Meta shares have gained more than 70% so far this year but, after slumping 64% in 2022, is still more than $100 below where they ended 2021. Meanwhile, Palo Alto shares now trade above where they ended 2021 after climbing almost 38% this year to make up for 2022's 25% decline. "They've really gotten their love," she said of the two tech names. "A year ago, six months ago, they were underappreciated. Now they're well appreciated.
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