Miles Lewis on Two Stock Picks: Fox Business’s The Countdown Closer—Royce
article 10-15-2021

Miles Lewis on Two Stock Picks: Fox Business’s The Countdown Closer

PM Miles Lewis was a guest on Fox Business’s The Countdown Closer discussing two stocks he believes can overcome supply chain issues.


PM Miles Lewis was recently on Fox Business’s The Countdown Closer detailing two companies he believes can do well following current supply chain issues.

Watch the video here.

Miles explained that The Timken Company, which has a large exposure to renewable energy, recently withdrew guidance for 2021 due to supply chain disruptions but also said that momentum and demand is strong in their business because the economy is slated to perform well in 2022.

Miles also discussed Element Solutions, a specialty chemicals company that makes products which are essential to their customers’ manufacturing processes. The company generates ample cash and is an asset lights business—attributes that he sees as significant positives.

“In both of these cases, they’re trading well off their highs and trading at really attractive multiples,” he says, “so we think this is an opportunity to get into some really good companies where the outlook for 2022 and beyond is quite promising.”

Watch the video here.

Learn more about Miles Lewis.

Important Disclosure Information

The thoughts and opinions expressed in the video are solely those of the persons speaking as of October 11, 2021 and may differ from those of other Royce investment professionals, or the firm as a whole. There can be no assurance with regard to future market movements.

The performance data and trends outlined in this presentation are presented for illustrative purposes only. Past performance is no guarantee of future results. Historical market trends are not necessarily indicative of future market movements.

Sector weightings are determined using the Global Industry Classification Standard ("GICS"). GICS was developed by, and is the exclusive property of, Standard & Poor's Financial Services LLC ("S&P") and MSCI Inc. ("MSCI"). GICS is the trademark of S&P and MSCI. "Global Industry Classification Standard (GICS)" and "GICS Direct" are service marks of S&P and MSCI.

Percentage of Fund Holdings As of 9/30/21 (%)

  Royce Pennsylvania
Mutual Fund
Royce Dividend
Royce Total

The Timken Company




Element Solutions




Company examples are for illustrative purposes only. This does not constitute a recommendation to buy or sell any stock. There can be no assurance that the securities mentioned in this piece will be included in any Fund’s portfolio in the future.

This material is not authorized for distribution unless preceded or accompanied by a current prospectus. Please read the prospectus carefully before investing or sending money. Smaller-cap stocks may involve considerably more risk than larger-cap stocks. (Please see "Primary Risks for Fund Investors" in the prospectus.)



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