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HomeMarketsOakmark's Bill Nygren likes these 2 stocks even after market comeback

Oakmark’s Bill Nygren likes these 2 stocks even after market comeback

A giant digital sign is seen at Facebook’s corporate headquarters campus in Menlo Park, California, on October 23, 2019.

Josh Edelson | AFP | Getty Images

(This story is for CNBC Pro subscribers only.)

Value investor Bill Nygren told CNBC on Monday that he likes shares of Facebook after going beneath the surface of the social media giant’s earnings picture.

Nygren, a longtime portfolio manager for the Oakmark Select Fund, made the remarks in an interview on “Closing Bell” shortly after a broad rally on Wall Street helped the S&P 500 post its best day since June.

“It’s a FAANG name, but I think it’s probably the most boring of the FAANG names,” Nygren said about Facebook while using the acronym for Facebook, AmazonAppleNetflix and Google-parent Alphabet.

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