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MaxFunds.com’s Jonas Max Ferris, Divine Capital’s Dani Hughes and NYSE Euronext’s Todd Wilemon on the potential for job growth in sectors such a...
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A Fox Business solar jobs that is topic number one is -- president held his first ever Twitter town hall today.
Quarter the questions were on that subject.
One in particular here it is -- and knowledge industries are thriving get -- discussions always centered on manufacturing.
Why not be realistic about jobs the president responded here.
We have to be successful at the cutting edge industries of the future like -- But we also.
Have always been a country that makes stuff.
And manufacturing.
Jobs.
-- up having.
Both higher wages typically.
And they also have.
Bigger.
Multiplier effects.
It looked like that video was twittering a little bit it was certainly streaming so where should get the job creation focus.
Danny Hughes and Jonas max Ferris is back it's been a long time Jonas let's go to you first you go for fun a technology fund right.
Because that is our past and our future you know.
This used to -- an agricultural economy to a long time ago what does that mean you want the government like subsidizing everybody stays and agriculture you know I mean the bottom line is.
It must the dollar -- to clap so we did cheaply compete with China we're not gonna be a president says don't forget manufacturing.
We eventually not to forget it and it wouldn't be about a 250 a hundred years we -- manufacturing -- necessarily as long as we continue to lead important fields like technology which we do you lead lead and continue to lead.
So in that sense that is our long term future now we do -- short term employment problem.
Where lots of people worked in non technology dogs that lost their jobs in this and they have not come back as robust as -- which you can they're dying get workers in that field -- to go out of the country workers.
So realistically the governor wants to focus on that problem in the short run because it long -- pirates off that anyway.
Not -- the pick again he says vanguard technology and -- record VG TE's ticker symbol of what's in here.
Every giants.
Tech company that primarily is Internet -- deals with like you know with the Googlers and has been.
Let's get to Danny obviously technology is important and you could actually have two at the same could -- not mean you could say.
We -- -- support technology but we want the demand you factor of what they make here in the United States what do you think is a technology that will be the real -- leader here well I I think that's a very attractive case to make an impact that is something of people by you know made in the USA.
But also don't forget manufacturing actually invests in technology as well to make their products and better I mean if we're actually entering into the automation process right now.
-- -- -- -- -- -- -- -- -- To actually investing in different types of technology to make themselves faster and and better.
And actually to invest in jobs here so our pick was actually Power One PW ER.
This company that is.
Has not done well very very much in the last year in the market it's actually down about 20% -- -- But on their last earnings call they said they've seen a surge in robotics calls robotics arms.
On an industrial and that's something that we're looking to see in second half really hit the stock -- do well.
We're looking for target for 1288 -- didn't -- two billion.
This year.
And by low that's that's the same amount as the perfect start for that.
-- let's talk about industrials here I would go back to what the president was saying the heart of America's an industry.
You have sort of the most well rounded of all of those -- Right well remembered.
David that you know the manufacturing sector has been the one of our best sectors over the last two years in this recovery -- where in the 23 month.
Expansion in the manufacturing industry that's one of -- only highlights and so you know go with what's working for -- That's the -- IShares Dow Jones industrial such -- the large cap multinationals that actually make products.
That the world buys you know Caterpillar and stuff like that those -- the markets in an uptrend that's obvious we had stocks that broke out yesterday.
-- Netflix Mueller Industries and and many others.
And sell it to the investors that there'd just be careful this is the third year of a bull market which is usually choppy and we're in summer.
Which has less volume but the market is in an uptrend.
And it is looking a little bit better up.
Good advice critics -- all our couples and parents.
