Jeffrey Gundlach On Delivering Alpha: Apple, Chipotle And More

Bond king Jeffrey Gundlach, founder of investment firm Doubleline Capital, spoke to CNBC’s annual Delivering Alpha conference in New York early Wednesday.

He specified that he may “take off” his short positions in two stocks: Chipotle Mexican Grill, Inc. (NYSE: CMG) and Delta Air Lines, Inc. (NYSE: DAL).

According to CNBC, he noted that Chipotle’s stock is returning to performing well again. He went on to say that Delta is probably a “decent, long-term story,” but the short sell was a short-term position.

He went on to say that the Federal Reserve does the same thing every year, predicting the economy wrong; He adds that he does not see the Feds hike the rate this year, cautioning investors not to believe in the hype of the Feds.

Gundlach chose to opt out of Apple Inc. (NASDAQ: AAPL), but noted that if he was forced to choose, he would long the stock.