Published on 19 Jul 2024 on Insider Monkey · via Yahoo Finance
Is CNH Industrial N.V. (CNH) a Compelling Stock?
Oakmark Funds, advised by Harris Associates, released its “Oakmark Global Select Fund” second quarter 2024 investor letter. A copy of the fund can be downloaded here. The fund returned -1.68% in the quarter compared to a 2.63% return for the MSCI World Index (net). The fund generated 7.39% since its inception, compared to the index’s 7.47% return over the same period. The largest contributing sectors were communication services and consumer discretionary, while the largest detractors were health care and industrials. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.
Oakmark Global Select Fund highlighted stocks like CNH Industrial N.V. (NYSE:CNH) in its Q2 2024 investor letter. CNH Industrial N.V. (NYSE:CNH), is an equipment and services company, that engages in the design, production, marketing, sale, and financing of agricultural and construction equipment. The one-month return of CNH Industrial N.V. (NYSE:CNH) was -3.65%, and its shares lost 33.07% of their value over the last 52 weeks. On July 11, 2024, CNH Industrial N.V. (NYSE:CNH) stock closed at $10.02 per share with a market capitalization of $12.6 Billion.