On Yahoo Finance’s Good Buy or Goodbye, host Julie Hyman is joined by Great Hill Capital Chairman and Managing Member Tom Hayes to discuss his top stock picks and avoidances in the logistics and utilities sectors.
Hayes recommends GXO Logistics (GXO) as a buy, highlighting chairman Brad Jacobs’ "Midas touch" and track record of creating shareholder value. He notes the company’s transition from a destocking to a restocking cycle, forecasting EBITDA growth to nearly double by 2027. Hayes predicts this will drive multiple expansion and boost the stock price in coming years.
On the flip side, Hayes advises investors to avoid the entire utilities sector (XLU). He argues that the sector’s recent rally, driven by AI narratives and anticipated Federal Reserve rate cuts, is a classic "buy the rumor, sell the news" situation. Hayes emphasizes that utilities are a defensive sector, stating, "I don’t think you want to be overly defensive right now" given current market conditions.
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