Ariel fund manager on a pick to buy post-Fed

Ariel Investments’ Charles Bobrinskoy recommends Oracle as a top stock pick in a lower interest-rate environment, highlighting the company’s strong position in data management and potential for AI growth. Oracle’s stock has surged 59% this year with a forward P/E ratio of 26.7. Bobrinskoy also mentions BorgWarner as a stock to watch in the auto industry, citing its low valuation and potential for growth. Following the Federal Reserve’s rate cut, Bobrinskoy anticipates a rotation into value stocks, noting that growth stocks are currently overvalued.

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