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Garnry: Maersk is getting shipshape for the future

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The Danish company Maersk, which has both shipping and oil in its portfolio, has reported a profit for Q1 of USD 1.57 billion. That's up from 1.13 billion a year ago and despite low oil prices and lower economic growth.

Saxo's Peter Garnry says that company's balance sheet is strong and if growth and the oil price rebound,the company can make a lot of money.

Garnry has already picked this stock and says it's one to keep for the longer term. He also says it's currently undervalued.