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Advisors Capital Management Co-Founder Charles Lieberman on what sectors investors should consider for their portfolios.
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On -- -- -- today or markets are taken quite a -- our next guest says there is value to be found is got some names that could give you the most bang for your buck in this environment joining us now I don't spots.
This is exclusive -- Lieberman -- -- And chief investment officer at advisors capital management person the recession question do you think we're going into another recession.
I can't rule it out but I don't think it's likely to happen near term we have some things are gonna help the economy.
The thing auto sector is bouncing back is pipelines refill of new models.
That'll help book consumers will go out and buy those sites she consumer spending going on so I don't think -- gonna get into recession although growth is pretty anemic.
Okay okay as we show the down -- 221 -- you say watch the autos also I you're sitting on a lot of cash right now in.
If you're gonna put that cash to work.
Where do you put.
To work.
Well it couldn't get the timing right which is of course the hard part we'd love to put it into the more cyclically sensitive parts of the economy those are the parts that are most depressed in the marketplace.
How people flocked to safety.
And everywhere you see safety values are very very high it's clearly true for treasuries in the stock market it's true for consumer Staples.
What about OK as a consumer Staples what about the industrials for instance.
His nostrils are very attractive because there are cyclically sensitive and so the values have gotten crushed.
A credit -- you like consumer Staples you mentioned that okay.
We've been -- over Staples are expensive.
Consumer discretionary is attractive you okay you say this up his consumer discretionary let me ask you about the financial sector our orders just talking about the fact that.
There is concern about US banks -- lawsuit against the big banks or in this country European banks are still.
Kind of a question mark frankly we're used to the financials would you cherry picked just a little bit and that current thinking yeah too.
Yeah for example JPMorgan Chase your previous guests mentioned that we -- -- we think it's very very cheap.
Trading at roughly eight times earnings.
And they're gonna come back first thing in terms of dividend payments.
It's a very attractive situation but the market right now is fearful global financials and so the stock is preaching.
And north side we're showing some the other picks the financials -- Lincoln national bank isn't -- -- -- hospitality trust that.
Purely are kind of going ports it's a mixed bag you do that to cherry -- the financials -- -- that's what you're doing.
We have the cherry pick everywhere and these companies have a tremendous value -- -- has about 25% of its hotels in New York City.
It's a very tight market that's great market is doing very well.
OK let me ask you about technology.
I do a segment of that we called where the jobs are every single week there are technology jobs.
Anti jobs that depend depending what -- it doesn't really matter what the company is ability needs IT skills with Euphrates feels.
So do you like the technology sector over all you cherry -- with and the technology.
-- cherry pick there's some -- companies that have issues Hewlett-Packard is a company with issues Cisco's the company with issues.
One of the the -- that we really like.
Our companies that we coal tech for tickets I actually did a NAVTEQ for -- I actually did an episode with -- claim in a few weeks ago on exactly the subject.
It's companies like Avnet and arrow which distribute technology products -- -- Celestica and Flextronics which I mentioned for this particular segment.
In their electronics manufacturers they will manufacturers stuff for every company.
Any company and they don't care whose products sell as long as they get share of the manufacturing business.
Well I like chuck had to say a deal like be a that the -- on the chickens now also like the at the cherry picking in the being selective -- to theme that we keep hearing from so many people -- -- -- -- this is -- is to be.
To be very specific all right chuck Lieberman thank you very much put on a managing member chief investment officer -- -- -- -- advisors capital management.
