Thursday marked yet another day of the broad market sell-off, and that could provide a buying opportunity for Novo Nordisk and Energy Transfer , according to Tim Seymour of Seymour Asset Management. The firm’s founder and chief investment officer appeared on CNBC’s ” Power Lunch ” on Thursday to share his bullish take on those stocks, as well as one investors should avoid. Here’s what Seymour had to say. Novo Nordisk Shares of global healthcare company Novo Nordisk have pulled back as of late, falling almost 14% in the past week, but Seymour believes it’s “very misunderstood.” “This is a really attractive name that people forget is part of the secular growth story, and they may be the bigger player with supply constraints [having] eased up quite a bit,” he said. When it comes to the company’s compound annual growth rate, the investor anticipates that it’s going to grow more than 20%. Additionally, the investor pointed to its valuation, as Novo Nordisk has a forward price-to-earnings ratio of almost 19, according to FactSet. “I think it’s very attractive, very misunderstood here,” Seymour continued. Energy Transfer During times of market volatility especially, the investor believes Energy Transfer provides an attractive entry point for investors. “This is the best way to get exposure to gas demand and NGO and some oil,” the investor said. “Make no mistake, this is a conservative play in a difficult market. I love this one.” While the energy stock has risen nearly 3% in the past week, shares have fallen more than 8% in the past month. Affirm Affirm – a buy now, pay later loans provider – has underperformed the broader market lately, falling more than 10% in the past week and more than 40% in the past month. Seymour thinks this is one that investors should stay away from moving forward. “They say they’re going to be EPS positive in 2025. I just think in the world we’re in, with consumer confidence pulling in, with all the uncertainty, you do not want to be in this space,” he said. While Seymour said Affirm is “known for being credit nimble,” he believes that the credit nimble story has yet to be put to the test. “I don’t know why you would be in a consumer credit story here that hasn’t really been through one of these cycles before,” the investor continued. “This is not one you’re owning in this environment.”
