GM proved the recall is not hurting its top line with its strong May sales, yet the stock remains cheap, says Jeff Layman, CIO at BKD Wealth Advisors. Layman says the carmaker's earnings - as well as its stock - will climb in the coming quarters as it moves past the recall controversy. He is also bullish on shares of off-shore driller Noble Corp. due to the upgrade of its rig portfolio as well as its healthy dividend. Finally, Layman likes the WisdomTree Emerging Markets Equity Income ETF as a way to play cheap EM stocks, which have been on a roll in the past 3 months.
Stock quotes in this video:
GM, NE, DEM